Rather than aim for this.. let me suggest something which works.. and probability of success much higher..
a. Don't take random trades. Wait for market to make a move.. its very easily visible on charts.
b. Wait for a pullback. Buy whatever lots you want to.
c. Keep 1 rupees stop and 2 rupees target...
d. Repeat again and again.
Even with a 50% success rate you make money, but most likely, your success rate should be much higher.
Also, if you watch other markets also, like Fx pairs, Crude, Gold, Silver, S&P etc, and enter trades when you see all markets rallying or falling together chances of success would be much higher. Its a sure shot sign that markets are trending intraday. Friday, 3rd was such a day in the evening.
Also, typically, stick to trading in the evenings, as trending moves mostly happen in evenings. Don't try to take counter trend trades.
a. Don't take random trades. Wait for market to make a move.. its very easily visible on charts.
b. Wait for a pullback. Buy whatever lots you want to.
c. Keep 1 rupees stop and 2 rupees target...
d. Repeat again and again.
Even with a 50% success rate you make money, but most likely, your success rate should be much higher.
Also, if you watch other markets also, like Fx pairs, Crude, Gold, Silver, S&P etc, and enter trades when you see all markets rallying or falling together chances of success would be much higher. Its a sure shot sign that markets are trending intraday. Friday, 3rd was such a day in the evening.
Also, typically, stick to trading in the evenings, as trending moves mostly happen in evenings. Don't try to take counter trend trades.
