Hi Rajib-
I have been trying to scalp intraday NIFTY options recently and I find sometimes the abnormal rise in spread e.g. Rs 2 to Rs 10 is becoming a sure-killer for my trades. In scalping, I don't have probably a choice but to place MARKET orders.
Another problem is that filling in the forms to place an order takes a rather long while compared to the duration of a scalping trade. By the time, I complete the form (may be 4-5 clicks and checking if everything is in place), hit to trade, confirmation click, the price sometimes moves away - over and above, the execution of order sometimes becomes pretty lenghty. The entry many times is not the one that I target and a trade that apparently is potentially positive turns in to RED territory.
Another point to clarify to justify the totality, I have no complaints against my broker regarding brokerage, fees etc., if you think that's another pondering point.
I'd greatly appreciate any help from you or anyone kind enough to help me out
Thank you and best regards
- Sukhen