You can trade well enough in cash market.
Cash market moves, that’s why index is reaching heights. I don’t understand how much volume retail traders need. We have our teeny qty’s to click through. Does it really matter?
Slippages? Use limit if you want what you want. But MKT orders are fine, you just have to accept, there will be some slippages. And you ll work your way round. You ll never get a perfect everything?.
You would never be wrong if you stick to fno stocks, barring a few with lower volumes like Atul,mrf,honaut etc. Currently there are 195 fno stocks with nbcc being dropped recently. Come on, do the work, don’t be lazy. And skip low price band stocks.
Now, filtering out you ll have more than 180 stocks to play around. And boy, you need only 2-3. Remember we are humans.
It all comes down to the nature of the play. If you are not use to even seeing the 2 minute chart, you ll have less chances as an intraday player, well, imho. I see the 1 min chart. But I don’t necessarily scalp.
1+1=2 1+1+1=3 1+1+1+1=4
1 min is noise, if you fail to see the story building up. You can’t create a new story. You can go along the story. It’s a color game. A green and a red.
At most you need 1 good trade, or 3 chances per day. Not whole day, a specific point of time. I mean if you are going to sit whole day, better make big amount of money. Why exposed your trades to the uncertainty? Do you think your 930 am trade will paint some good profit at 3 pm?
There is a better chance of knowing what will happen 5 mins from now. Then 6 hours later.
But saying so, I have seen lots, which cannot just be typed. Well, I didn’t had a wife when I started trading. Now, I dropped my kid to school in the morning.
Cash market will work and will continue to work. Maybe the day it stopped working will be the day civilization ends.
Well, I don’t know options. I talk what I know. If you want options, let the people who make a living trading options talk here.