Hi,
I am doing Intraday with very low capital Rs.10,000
I do only on NSE Cash Market, am new to trading and looking to apply new combinations.
After going through many threads, books, videos for Tech Analysis, breakouts - I am really in confused state of mind :annoyed:
I see price movement in TataMotors - around between 1.5 and 2.5 in short session. What I thought was, having 10k (x 12 times) = Rs.1,20,000 for NSE Cash only.
TATAMOTORS:
BUY (RL) - 200 Qty @ 270.50 = 54100
SELL (SL) - 200 Qty @ 269 = 53800 (300+Brokerage) loss!
SELL (RL) - 200 Qty @ 272 = 54400 (300-Brokerage) profit!
In a day, after deducting brokerage, STT, other charges
If profit ~ 242
If loss ~ 350
The above for one trade by utilizing the full exposure.
Why 200 Qty? - To place STOP LOSS - account should have sufficient balance!
The above trade using TIMING the market price wave (up & down) - doing this trade after watching the price waves - I watched the stocks with the price around 200 and the wave changes ~ every 20 mins but not all the time :annoyed:
If we use low priced stocks - then the P/L will be huge!
Seniors - please help/correct me whether am going in correct path or not.
Wish to trade by using Technical Analysis and Trading Strategies.
Members help much appreciated :thumb:
Senthil.
I am doing Intraday with very low capital Rs.10,000
I do only on NSE Cash Market, am new to trading and looking to apply new combinations.
After going through many threads, books, videos for Tech Analysis, breakouts - I am really in confused state of mind :annoyed:
I see price movement in TataMotors - around between 1.5 and 2.5 in short session. What I thought was, having 10k (x 12 times) = Rs.1,20,000 for NSE Cash only.
TATAMOTORS:
BUY (RL) - 200 Qty @ 270.50 = 54100
SELL (SL) - 200 Qty @ 269 = 53800 (300+Brokerage) loss!
SELL (RL) - 200 Qty @ 272 = 54400 (300-Brokerage) profit!
In a day, after deducting brokerage, STT, other charges
If profit ~ 242
If loss ~ 350
The above for one trade by utilizing the full exposure.
Why 200 Qty? - To place STOP LOSS - account should have sufficient balance!
The above trade using TIMING the market price wave (up & down) - doing this trade after watching the price waves - I watched the stocks with the price around 200 and the wave changes ~ every 20 mins but not all the time :annoyed:
If we use low priced stocks - then the P/L will be huge!
Seniors - please help/correct me whether am going in correct path or not.
Wish to trade by using Technical Analysis and Trading Strategies.
Members help much appreciated :thumb:
Senthil.
