Hi, I am a part time trader and used to trade with IIFL. Day trading is volatile game and success ratio is max 60-65 %, if you are good at it. When I used to look in the ledger, the higher brokerages and its consequent taxes were eating most of the profits. Its when I shifted to Zerodha, the best discount broker in India. For carrying out trade, i did not need RM, so an online broker and Rs. 20/- per executed order was blessing.
The break even point in nifty future comes at 2 pts and nifty option comes at 1 pt.....if you are trading only single lot of derivative. This highly improves trading performance as early break even point helps deciding whether to carry trade ahead or book position.
The break even point in nifty future comes at 2 pts and nifty option comes at 1 pt.....if you are trading only single lot of derivative. This highly improves trading performance as early break even point helps deciding whether to carry trade ahead or book position.
