Want become an Intraday Trader!!

[kramu34]

If you use risk management and money management you would land up with 20 to 30% annual return and that too if you are good. It is not the same trading 1 contract to trading 100 contracts.

 

[nkhotchandani]

Agree with most of the comments.

If you have decent money like 4lk then you should not look for intraday trading but go for short to medium term trading, because if you do your calculations correctly and don't fall in traps , you can get 10% a month which will be as good as 40000 pm. Not a bad income by any means.

One thing you need to understand is every script goes through a cycle , which could be medium to long term cycle. So even if you are in a good stock but the script is in down cycle , it will look like you are loosing money. So it is very important to enter when the script is going to enter the up cycle and exit once your tgt of 10% is achieved.

Since your post has been quite old , let us know , how has been you experience so far...

 

[iTrade]

8-10% is easily acheivable and should be the minimum what you should expect after sitting at the terminal for one full day.If you cant do that, go get a job somewhere, maybe in software industry.
Open your mind. Dont let others tell you how much you can make and how much you cannot....Take risks->calculated risks->It means have a game plan.

This applies to a full time day trader....If you have a second source of income, then be happy with 2-3% as well because you are not spending enough time with the market.