Is earning in Day trading so very easy?

Discussion in 'Day Trading' started by new-to-markets, Mar 17, 2011.

  1. new-to-markets

    new-to-markets Active Member

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    Hi all

    Iam just wondering whether earning in Day trading has become so very simple and easy

    Consider this....

    With an investment of Rs 1lac, with a broker like Zerodha, we can take positions of around 10 Lots in Nifty

    Even if we manage to get 7 pts positively on a daily basis, we set to earn around Rs 2500/- per day (excl brokerages, as i read in Zerodha thread, they charge around 2 pts per lot as total charges incl brokerage, taxes etc)

    I mean just trade one trade for 7 points positively, we can earn 2500x20 which is equal to Rs 50000/- per month :clap:, which is 50% of our investment.

    Am i talking sane here?
    Are these do-able?
    Is anyone doing like this?
    Is anyone tried doing like this and failed miserably?

    Just 7 pts, think shud be achievable in any market, even in dumb non-moving market may give that 7 pts.

    Anyone who has experience in this may share their thots here
    Sadistic, sarcastic comments are also Welcome :lol:
    But please dont post something like, "you do it in minifty and post the results here after 1 month" types :D
     
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  2. TraderRavi

    TraderRavi Well-Known Member

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    yeah I m doing it consistently from last two months...:thumb:

    (papertrading..)
     
    bthakwani and new-to-markets like this.
  3. anandksn

    anandksn New Member

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    timepass and new-to-markets like this.
  4. jagankris

    jagankris Well-Known Member

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    Why just limit to 7 points while Nifty is showing a average movement of 100 points daily ?
    So assuming one is able to capture 1/3 rd of its movement say 33 points.

    So 33 * 1000 which is 33000 rs and which works out to be 100% return in 3 trading days.

    Calculations are good isn't it :D

    Just show me that you can do it in real time trading.


     
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  5. jagankris

    jagankris Well-Known Member

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    Just my opinion.
    Alexander Elder No doubt is great Trader.
    But for me his words/views sounds bit out dated.
     
  6. new-to-markets

    new-to-markets Active Member

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    but did u try it and cud not succeed?

    And if yes, have u analysed why u had failed...helpful if u can share ur analysis here
     

  7. sumosanammain

    sumosanammain Well-Known Member

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    I wonder why you are wasting your time here.

    Even without Zerodha, it was always possible, as there are brokers offering similar rates, though not oficially. You have to negotiate, and have good volumes. And at the volumes you suggest, any good broker in a metro will give you 2 pts per nifty round trip, all incl.

    But then, if you live in jhumritalaiyya, what ca be done? :)
     
  8. jagankris

    jagankris Well-Known Member

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    How long you are trading ?
     
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  9. new-to-markets

    new-to-markets Active Member

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    < 6 months
     
  10. new-to-markets

    new-to-markets Active Member

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    Wasting the time with you? Ofcourse u can suggest some other profession :lol:
     
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