HI New-to-markets
Actually speaking i tried doing this for quite some time for about 2 months and i did very well as i was able to capture 10 points on almost 50% of trading days
But the problem was those days were unidirectional ...I am talking about after Jan when i had only shorted nifty many times and capture about8-10 points sometimes more
COME TO MARCH, because market did not show any direction my hit ratio became 10% and i consistently lost as stop loss was hit frequently
U KNOW WHAT I LOST MY HALF OF CAPITAL THAT I BUILD UP IN FIRST TWO MONTHS AND SITTING ON BREAKEVEN
The morale of story is day trading is always been tough as u have to guage the direction to make entries; if there is no direction or u are unsure about it u are going to hit stops
SINCE, Volatality increase in some periods u are bound to do impulse trading and just like me loose all your capital
As per me 7-8 points in nifty in futures seems easy in theory but in practice for 12 months not possible dude.....
atleast i have 9 months remaining but still every month i am not going to profit
SPECIAL TIP:
For, capturing those 7 points in nifty u should have good amount of patience and good money management skills with no emotional strings of greed and fear attached... as even if u are not making 50% of capital; still u will not loose much if u are discplined---
You can try this at home but impulse trading is injurious to your wealth and after that your health
KEVIN SHAH
Actually speaking i tried doing this for quite some time for about 2 months and i did very well as i was able to capture 10 points on almost 50% of trading days
But the problem was those days were unidirectional ...I am talking about after Jan when i had only shorted nifty many times and capture about8-10 points sometimes more
COME TO MARCH, because market did not show any direction my hit ratio became 10% and i consistently lost as stop loss was hit frequently
U KNOW WHAT I LOST MY HALF OF CAPITAL THAT I BUILD UP IN FIRST TWO MONTHS AND SITTING ON BREAKEVEN
The morale of story is day trading is always been tough as u have to guage the direction to make entries; if there is no direction or u are unsure about it u are going to hit stops
SINCE, Volatality increase in some periods u are bound to do impulse trading and just like me loose all your capital
As per me 7-8 points in nifty in futures seems easy in theory but in practice for 12 months not possible dude.....
atleast i have 9 months remaining but still every month i am not going to profit
SPECIAL TIP:
For, capturing those 7 points in nifty u should have good amount of patience and good money management skills with no emotional strings of greed and fear attached... as even if u are not making 50% of capital; still u will not loose much if u are discplined---
You can try this at home but impulse trading is injurious to your wealth and after that your health
KEVIN SHAH