Does day trading give a large profit!!

[mitraji]

explain something about day trading..how does it beneficial??

 

[Raghavacc]

explain something about day trading..how does it beneficial??

Sounds like 2 marks question from SSLC question paper.:clapping:

Day trading is all about restricting your trading activity for that particular day.I mean a day trader does not carry any positions overnight.

Day trader only knows what it takes to be a day trader and cannot be explained.

Benifits are like within minutes, on a trending day it can make you rich by thousands, lakhs depending on your position size.

Also a day trader is not subject to overnight news breakouts as he squares off his position during the same day.

Before knowing benefits pls do understand the havoc it can create.You can surf around this forum to know those details.

Regards
Raghav

 

[Zigor]

Biggest Benefit:

No overnight positions


And why is that,

in a news driven market like ours, overnight positions can damage an account in a single wipe.

 

[iTrade]

explain something about day trading..how does it beneficial??

Never met anyone with huge profits yet. Neither did I see anyone on this forum claiming that he has actually made profits ... We all have been talking n talking about strategies only...No one knows what happened in long run. Let us know if you find anyone who made huge profits and whom you know personally [shld not be your uncle's friends son's father. You know whay i mean when i say personally ]

 

[anuragmunjal]

dear gansal.
yes I have met a few persons with "huge" profits. ( although my defination of huge may differ frm yrs). and they are not my ' uncle's friends son's father'.


regards

Anurag

 

[aijaz159]

Never met anyone with huge profits yet. Neither did I see anyone on this forum claiming that he has actually made profits ... We all have been talking n talking about strategies only...No one knows what happened in long run. Let us know if you find anyone who made huge profits and whom you know personally [shld not be your uncle's friends son's father. You know whay i mean when i say personally ]

Hi Friends
I know few friends who do only day trading their profts are not huge between
2-3% they count 20X2.5% = 50% monthly they pick one or two stocks daily and they stick to strict stop loss. I personally watch them do daily, i may join these guys soon.
Aijaz

 

[iTrade]

dear gansal.
yes I have met a few persons with "huge" profits. ( although my defination of huge may differ frm yrs). and they are not my ' uncle's friends son's father'.


regards

Anurag

great! This is exactly the kind of information ppl should share on this forum. Because it motivates each one of us and we know that we are pursuing the right path.. thanks to you and aijaz159 for sharing.... Hope other members also come forward and share their views.

 

[columbus]

Sounds like 2 marks question from SSLC question paper.:clapping:

Day trading is all about restricting your trading activity for that particular day.I mean a day trader does not carry any positions overnight.

Day trader only knows what it takes to be a day trader and cannot be explained.

Benifits are like within minutes, on a trending day it can make you rich by thousands, lakhs depending on your position size.

Also a day trader is not subject to overnight news breakouts as he squares off his position during the same day.

Before knowing benefits pls do understand the havoc it can create.You can surf around this forum to know those details.

Regards
Raghav

Yes ,day traders miss GAP UP or GAP DOWN movements which normally
POSITIONAL traders enjoy, but the wild gyrations of index in the day time
compensate the day trader.

 

[souravigb]

Thanks for the advice.
I have done day trading in past and lost nearly Rs 12000.
Currently for the last two days I have done day trading with shares like suzlon, syndicate bank and dena bank.
First day with suzlon, i had a profit of rs 680. next day with syndicate and dena bank I had a proift of Rs 8.00 and after brokerage it might be -rs 150 which i will be able to view tomorrow when my statement appears.

Now, what i wish to know is, I played with luck for this two days. I dont know which are the best shares i should play in day trading. can anyone advise me and provide me some light on this matter.

help most appreciated.
thanks, sourav.

 

[Raghavacc]

Further on Day trading from Markets in Profile by James Dalton, Robert Dalton and Eric jones.

Its a beautifull book .

We begin by discussing the more accepted definition of day trading:
trades that begin and end on the same daya buy and a sell, which can
occur in any order. Some complete only a limited number of trades in a
single day; others are far more prolific. For a quick recap, lets review the
definition of day traders from Chapter 3.
The day trader enters the market with no position and goes home the
same way. Day traders process news announcements, reflect on technical
analysis, and read order flow in order to make trading decisions. They also
have to deal with long- and short-term program buying and selling, brokerage
firm margin calls, mortgage bankers duration adjustments, speeches
by Federal Reserve governors, and important pronouncements by political
leaders and influential portfolio managers. Anyone who believes markets
are rational should spend a day trying to digest and react to the landslide
of conflicting data day traders must wade through to make a decision.
This group focuses on large quantities of technical information. They
love numbers and levels and hype. Like scalpers, day traders also provide
liquidity for markets, although very often at great personal expense.
The second, nonstandard definition of day trader is one that we have
referred to throughout the book: the one-sided buy or sell order placed by
other-timeframe participants, including individuals, hedge funds, mutual
funds, endowments, foundations, institutionally managed accounts, and so
on. In Chapter 7, for example, we discussed short-term trading and stated
that the beginning or end of all short-term trades are day trades. However,
not all day trades are the beginning or end of short-term trades.
There is endless philosophy surrounding the definition of day trading.
Some tell you to study what has happened during previous days and
overnight markets; others advise you to do no homework, beginning each
day fresh with absolutely no opinions. Some suggest that you trade early,
as most activity occurs during the first half of the day, and still others advise
you not to trade until the market has been open for a couple hours,
and you have a better sense of the days developing structure. Lets begin
with the homework debate.

@ me and Columbus :clap::lol:

The only group that can consistently profit without doing homework is
the pure scalpersthose that execute many trades, often totaling in the
hundreds and involving thousands of shares or contracts, that are held
for very short periods of time, sometimes only seconds. These scalpers
are traders who have become extremely adept at reading market swings;
theyve developed a purely reflective response to significant changes in order
flow. But the truly successful scalpers are few; most have a checkered
144 MARKETS IN PROFILE
history in that theyve done well in certain types of markets, only to give
it all back when conditions change. For example, scalping a low-volatility
market is quite different than scalping a high-volatility market. And scalping
has become much more competitive due to computer programs that
execute via electronic trading and can instantaneously respond to bids
and offers.