First of all I am not aware how much exposure Smarttradeonline gives...and I am also not aware about as to how long you have been in the markets...at the same time... is leverage to the tune of what is being offered is really an advantage...just think of it...in 7000 you are taking one lot of NIFTY(effectively a position of 2.9 lacs..and I have taken Nifty value of 5800 for illustration purpose)...1% adverse movement against you and 7000 becomes 7000-2900=4100...effectively reducing your capital by more than 40% in one stroke....If you have been in the markets for some time you will hopefully agree...and if you are new it will take maximum of 3 months for you to realise the truth behind my statement...I would rather request Smarttradeonline not to even think along these lines...and they would be doing a great service to the trading community...at least people will survive for a longer time...For any person trading even a leverage of 5-10 times is more than enough and rather if you go by strict money management rules..one should not take an exposure of more than 2.5 times at any cost...at the same time ...its a great impulse..in the hope of making more money ...and generally the reverse happens...and it only fastens the process of people being out of the markets....I hope you to trade on the basis of cover order just for one month..and come back with your experience....you will realise the truth behind my statement..
Timepass has rightly written that for option traders the offering may still be not compelling...since I trade mostly in futures ..for me there is a genuinely compelling proposition now...and I do not have any interest in hastening the process of my demise by getting exposure to the tune of what is being written..I am more interested in surviving...learning more and staying float and ultimately be able to make money rather than get wiped out in my desire to make some quick bucks..
Regards :thumb:
Timepass has rightly written that for option traders the offering may still be not compelling...since I trade mostly in futures ..for me there is a genuinely compelling proposition now...and I do not have any interest in hastening the process of my demise by getting exposure to the tune of what is being written..I am more interested in surviving...learning more and staying float and ultimately be able to make money rather than get wiped out in my desire to make some quick bucks..
Regards :thumb: