Number of trades normally one trader can/should do in silver in a single day.

mravi

Active Member
#1
I started trading in SILVERM couple of days back. I am scalping for minimum 100 points in each trade. As and when SL hits I am exiting.

What I noticed is I am ending up doing 8 to 10 trades per day in last 3 days, and my the contracts show I traded some 40 lacs sell and 40 lacs buy everyday.

That is almost huge turnover amount for me, is it normal for scalpers in commodity to see such numbers? Does this effect taxation?

Request members to advise.
 

meherp

Well-Known Member
#2
I too trade only in silver intraday. I restrict my self to max of 4 trades per day. If my first two trade are in profit I stop there.


I started trading in SILVERM couple of days back. I am scalping for minimum 100 points in each trade. As and when SL hits I am exiting.

What I noticed is I am ending up doing 8 to 10 trades per day in last 3 days, and my the contracts show I traded some 40 lacs sell and 40 lacs buy everyday.

That is almost huge turnover amount for me, is it normal for scalpers in commodity to see such numbers? Does this effect taxation?

Request members to advise.
 

DSM

Well-Known Member
#3
As long as you are making money, that should be fine. However, you may want to amend the point no. 3 of your tag line.

:)

I started trading in SILVERM couple of days back. I am scalping for minimum 100 points in each trade. As and when SL hits I am exiting.

What I noticed is I am ending up doing 8 to 10 trades per day in last 3 days, and my the contracts show I traded some 40 lacs sell and 40 lacs buy everyday.

That is almost huge turnover amount for me, is it normal for scalpers in commodity to see such numbers? Does this effect taxation?

Request members to advise.

__________________
Currently in preserve remaining capital mode. Rules now are:
1. Take trades only in the direction of market/stock.Wait till opportunity is found in known stocks.
2. Don't trade on confusing days.
3. No day trading.
 

mravi

Active Member
#4
Yeah. I need to ammend/stay with it. I am still trying to understand. So.
 

burai123

Active Member
#5
I started trading in SILVERM couple of days back. I am scalping for minimum 100 points in each trade. As and when SL hits I am exiting.

What I noticed is I am ending up doing 8 to 10 trades per day in last 3 days, and my the contracts show I traded some 40 lacs sell and 40 lacs buy everyday.

That is almost huge turnover amount for me, is it normal for scalpers in commodity to see such numbers? Does this effect taxation?

Request members to advise.
your stoploss ?
 

mravi

Active Member
#7
Silver normally swings 100 points minimum very quickly and recovers that much quickly too. Anytime a swing of 100 points comes in the opposite direction, I will exit. Then reneter once I get clarity.

The only time most wild swings comes are around 5 PM to 9 PM. This time I am acting cautious and avoid any trades against the overall trend.
 

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