no one going to earn even single rupee day trading
- Thread starter abhiwhy
- Start date
Wally, those are bold statements that you will never be bale to back up.
"Never ever trade in FOREX"? Are you kidding me? That's all I trade. The only thing the brokers get in trading forex is the spread, which is similar to commissions, except it is less per trade.
As far as training is concerned, so not depend on anyone, but use others for gathering information in your journey to being a trader.
I noticed your last post was in Oct. I was hoping you were still around, so we could engage in a conversation. I'd like to hear how you intelligibly defend this statement.
OTOH, it has also been a long time since abhiwhy has posted.I'd like to know how someone could start a thread entitled, "no one going to earn even single rupee day trading". The markets only go up or down that's a 50% chance. You don't think those chances could increase with a solid methodology?
"Never ever trade in FOREX"? Are you kidding me? That's all I trade. The only thing the brokers get in trading forex is the spread, which is similar to commissions, except it is less per trade.
As far as training is concerned, so not depend on anyone, but use others for gathering information in your journey to being a trader.
I noticed your last post was in Oct. I was hoping you were still around, so we could engage in a conversation. I'd like to hear how you intelligibly defend this statement.
OTOH, it has also been a long time since abhiwhy has posted.I'd like to know how someone could start a thread entitled, "no one going to earn even single rupee day trading". The markets only go up or down that's a 50% chance. You don't think those chances could increase with a solid methodology?
Hi,
I am earning daily an average between 500 to 1200; 3 to 4 times a month I even loss 1300 to 2500 but overall it is profit. I happen to take delivery if my losses are more than 600 in a scrip and wait to get profit after all charges and trade on the delivered stock in a day trading style. For example I took delivery of DLF at 232 recently due to loss of Rs 400 waited for 4 days when the price on a day covered my loss + other charges I start to trade on it . In a day up and downs twice I make Rs 1.25 to 2.5 each per share each time and I discard at high < in 20% 40% and 40% as the price goes up , I will sell off my all shares of that scrip > It actually gives more than a delivery trade and more than a day trade.
So I mean it takes time to digest the market and plan for each scrip to trade. u cannot apply single style or plan for all stocks, For example on Thursday I bought GAIL 836 shares between 335.35 to 338 (actually I started buying at 338 then keep on buying because of volumes and previous days it has more upper price range; But I sold between 335.95 to 339.90 , sold 350shares at loss and all other in profit , but still I took the delivery of 100 shares as I expect it will fetch me 352 to 355 price range per share apart from day trading on that scrip on the day of future days trading.> so I wanted to limit my trading only for 3lakhs on that day but an opportunity comes I raised the stick to 6 lakhs ; Of course I have made only Rs 900/-< not in GAIL but including other scrip > after all taxes and charges but I am satisfied because I did not lose and still my profit is counting on delivered scrip. So day trading fetches but you need to work out a plan and be attentive while trading and should act smart if a scrip is reversing and your position is long should be able to go short and check always the days market trend. YOU NEED TO RAISE FUNDS, BE ABLE TO TAKE DELIVERY IF SCRIP IS WORTH INVESTING < Never ever trade any scrip if it is not worth > YOU NEED TO BE COURAGEOUS , BE OPTIMISTIC AND NOT EGOISTIC ... I MEAN IF STOCK IS FALLING NEVER KEEP ON WATCHING AS THE MARKET IS FALLING IT WILL TOO FALL AND IT IS MUST SO JUST SELL AND BUY AT DAY'S LEAST VALUE IF TOMORROW LOOKS PROMISING FOR THAT SCRIP. Being just a day trader keep funds aside meant for day trading only and take advantage of deliveries be traded as day trades. This type of trades fetched me good returns. I mix my trades with variety of allocations like 1. delivery trader, 2. day trader, 3. swing trader .. Ooops I wrote too much scrap here I think , any way that was my experience with my trading and my opinion is DAY TRADING CAN FETCH GOOD RETURNS.
You can see my trading sheet in attachment here with.
I am earning daily an average between 500 to 1200; 3 to 4 times a month I even loss 1300 to 2500 but overall it is profit. I happen to take delivery if my losses are more than 600 in a scrip and wait to get profit after all charges and trade on the delivered stock in a day trading style. For example I took delivery of DLF at 232 recently due to loss of Rs 400 waited for 4 days when the price on a day covered my loss + other charges I start to trade on it . In a day up and downs twice I make Rs 1.25 to 2.5 each per share each time and I discard at high < in 20% 40% and 40% as the price goes up , I will sell off my all shares of that scrip > It actually gives more than a delivery trade and more than a day trade.
So I mean it takes time to digest the market and plan for each scrip to trade. u cannot apply single style or plan for all stocks, For example on Thursday I bought GAIL 836 shares between 335.35 to 338 (actually I started buying at 338 then keep on buying because of volumes and previous days it has more upper price range; But I sold between 335.95 to 339.90 , sold 350shares at loss and all other in profit , but still I took the delivery of 100 shares as I expect it will fetch me 352 to 355 price range per share apart from day trading on that scrip on the day of future days trading.> so I wanted to limit my trading only for 3lakhs on that day but an opportunity comes I raised the stick to 6 lakhs ; Of course I have made only Rs 900/-< not in GAIL but including other scrip > after all taxes and charges but I am satisfied because I did not lose and still my profit is counting on delivered scrip. So day trading fetches but you need to work out a plan and be attentive while trading and should act smart if a scrip is reversing and your position is long should be able to go short and check always the days market trend. YOU NEED TO RAISE FUNDS, BE ABLE TO TAKE DELIVERY IF SCRIP IS WORTH INVESTING < Never ever trade any scrip if it is not worth > YOU NEED TO BE COURAGEOUS , BE OPTIMISTIC AND NOT EGOISTIC ... I MEAN IF STOCK IS FALLING NEVER KEEP ON WATCHING AS THE MARKET IS FALLING IT WILL TOO FALL AND IT IS MUST SO JUST SELL AND BUY AT DAY'S LEAST VALUE IF TOMORROW LOOKS PROMISING FOR THAT SCRIP. Being just a day trader keep funds aside meant for day trading only and take advantage of deliveries be traded as day trades. This type of trades fetched me good returns. I mix my trades with variety of allocations like 1. delivery trader, 2. day trader, 3. swing trader .. Ooops I wrote too much scrap here I think , any way that was my experience with my trading and my opinion is DAY TRADING CAN FETCH GOOD RETURNS.
You can see my trading sheet in attachment here with.
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