I wanted to make intraday trading as a permanent profession. Any suggestions?

1 Like

Wonderful go ahead! Im behind u!

Write index options

Great guns, 

Few pointers:

  • Stick to a very tight Stop Loss, put the Stop Loss in system, not in mind.
  • Trade using money management techniques (eg. If u have one lakh¬†rupees, trade with only 5% or 10% of 1 Lakh, don't over trade, however lucrative the market or deal or trade may seem)
  • First do paper trading with your select strategy, see the profits, perfect it, be comfortable then only jump to trade with real money.

All the very best. Happy Trading.

5 Likes

Before you make any serious move in this direction attain mastery in the use of technical indicators. Learn to use two indicators in conjunction with each other. For sometime do mock trading. Trading in NIFTY is a good idea as you dont have to break your head following individual shares. NIFTY options is a safer bet.

Day Trading is a risky and challenging pursuit: buying stocks and selling them again in the same day, making money off tiny fluctuations in the price of a stock over a few-hour period is not a easy job. Market makes moves in fraction of seconds and we need to act very fact to be successful at trading.

And we can act fast only when we have all the information about a stock, there are 100's of stocks out there for trading. How do we decide which one we should choose for the day to perform successful day trading?

Based on extensive quantitative research on Indian financial markets, an algorithm has been developed to provide better returns that could beat the human intelligence. 

Price movements of various Stock Futures will be monitored and the Algo picks the high probability trades and instantly triggers the trade alert to your email id.

Algo will mail you the trade alerts in fraction of seconds with the name of the stock, entry price, stop loss and Exit alerts. You could exit the stock once you achieve reasonable profits or you can exit the stock when you receive the Exit mail alert. Check out www.squareoff.in to get email alerts

2 Likes

As far as i have Analyzed trading is driving a car . Ask you self while driving and car do you have think before applying breaks ? or changing gear ? or speed up when the road is empty and slow down when the road is full ? apply breaks when someone comes in between the road you have n number of permutation and combination but you reach your destination safely if you drive with confidence , experience , logic , map etc .and off course you need to have lots of fuel to reach your destination that you have place far the destination more fuel more risk in traveling near the destination less fuel required . when you relate that to trading So fuel = cash , Car = software( Zerodha PI ) , break and accelerator = buy and sell ,indicator = when to buy and sell etc WHICH ONLY COMES WITH CONSTANT PRACTICE same as perfection in driving only COMES WITH PRACTICE .