Few ideas on scaling up of this business :
1) If you want to scale up, then you have to trade larger timeframe,trade mechanical systems which require less thinking .
2) Trade more scrips on larger timeframe so that you have time to think about various positions.
3) Think of trading long term and investing after some time for generation of wealth.Stocks and mutual funds we can use.
4) Think of starting a KPO in which you decide mechanical trading systems and employ people who will trade in groups say one group of 2 employees trade Nifty, other group trades SBI, 3rd group trades Bank Nifty etc. These people should not be held responsible for profits/loss but they should be held responsible if they have not taken the trade as per the system.
5) Start a hedge fund and employ traders to trade some fixed capital and increase the capital limit once you have confidence in their trading abilities.
6) Go for algo based trading in which you can programme for number of scrips.
As and when you overcome various stages, next stage doors will open.
Smart_trade
1) If you want to scale up, then you have to trade larger timeframe,trade mechanical systems which require less thinking .
2) Trade more scrips on larger timeframe so that you have time to think about various positions.
3) Think of trading long term and investing after some time for generation of wealth.Stocks and mutual funds we can use.
4) Think of starting a KPO in which you decide mechanical trading systems and employ people who will trade in groups say one group of 2 employees trade Nifty, other group trades SBI, 3rd group trades Bank Nifty etc. These people should not be held responsible for profits/loss but they should be held responsible if they have not taken the trade as per the system.
5) Start a hedge fund and employ traders to trade some fixed capital and increase the capital limit once you have confidence in their trading abilities.
6) Go for algo based trading in which you can programme for number of scrips.
As and when you overcome various stages, next stage doors will open.
Smart_trade