hello,
yes, a few brokers do have STBT (sell today buy tomorrow) just like BTST (buy today sell tomorrow) which most brokers provide.
They offer stocks from their pool and have a fixed list of stocks where it is allowed. That means they square off with stocks from their pool and you are expected to buy back and square off the next day.
You seem to me a new trader, so my advise to you is to stick to intraday nifty 50 in the cash segment only. Nifty stocks are more predictable and a little more easier to trade...if you know how to trade that is..! Trade small quantities...employ a stop loss of 0.50% and don't brood over your losses.
Most good traders or almost all of them have had a gestation period of 4-6 years before they started to make any serious money...I've had seven ! During this period, you will lose money...but stop losses will help you control those losses and move on. The trick is in learning from those mistakes...and not repeating them.
When you trade in the F&O segment you have to buy a minimum of one lot by paying margin depending on the stock. Your profits can be higher and so can your losses. More importantly, the first trades in the morning are very volatile so your stops will have to be larger to cover this (3% to 5%). If you pick the wrong stock or the markets open with a huge gap the next morning, you are in at the deep end.
Successful trading has very little to do with strategy as the markets don't follow indicators. It has more to do with picking the right stocks. All indicators merely follow the price...always remember that the dog wags the tail...the tail does not wag the dog. The price is the only thing that is important.
Like I said, picking the right stocks is the key...and my friend, you will take 4-7 years just to learn that.
by the way check the brokerage with canmoney and shift to a discount broker if it is high.
love to help...ask questions if any but don't ask for strategies...I use none...just price and volume.
regards,
newbie_7
