as a startup, what you would prefer me to trade in, as i have lost 50K capital in 3 days at f&o using some indicators. I am ok with small amounts profit, but this is a loss which i cant bear in less than a week, please help.
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Hi Abhishek,
As a newbie in share market, it’s always better to start in Equities trading small quantities.
Then, as you built a strategy and are confident enough increase the quantity per trade in chunks.
Once you get a good hold in equities, you can try your strategy and modify it for FnO.
Hope this helps,
Regards,
Mangesh
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I agree with what @Mangesh said, it’s good to buy equities initially for newbies, but you have to be very clear about the company fundamentals. Also, buy only ‘A’ category stocks. Don’t go for other categories. In individual companies what happens there is sudden movement of the stock due to some promoter actions or sometimes there’s no movement at all, you just have to sit with your position for days together.
My suggestion for you is go for NIFTY Index Future, it’s liquid, has a huge turnover and open interest also. In NIFTY there is always good movement up or down.
Furthermore, it’s pretty safe to trade in Nifty Futures, by applying Stop Loss. Initially go for 1 lot, keep a target of 1:2 Risk:Reward i.e if your target is 20 points, keep Stop Loss of 10 points, or proportionately as per your trading capital and risk appetite.
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yup.You can start with Nifty Index Future.
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