I dont trade full time for living. I did a calculation-
If you can capture 500 points in Nifty Future every month (20-22 sessions) using 10 lots (margin- Rs 2.5 lakhs), then total profit is Rs 2.5 lakh per month- enough for a upper class life in India.
Brokerage amounts have not been deducted. The brokerage will come out to be Rs 40,000 per month assuming one trade every day.
Nifty Future gives you a range of approx 1200 points approx every month (every day range added together). So, you are looking to capture 40-45% of volatility.
Until and unless i can not make 500 points every month consistently, i think trading for living will remain a dream.
If you can capture 500 points in Nifty Future every month (20-22 sessions) using 10 lots (margin- Rs 2.5 lakhs), then total profit is Rs 2.5 lakh per month- enough for a upper class life in India.
Brokerage amounts have not been deducted. The brokerage will come out to be Rs 40,000 per month assuming one trade every day.
Nifty Future gives you a range of approx 1200 points approx every month (every day range added together). So, you are looking to capture 40-45% of volatility.
Until and unless i can not make 500 points every month consistently, i think trading for living will remain a dream.