No Idea. But the context in which I said this was that if one has to scam people in 2023 through coaching and seminars, promising 28% annual returns won’t do it. NIFTY Call option that was Rs 15 on June 27th went to Rs 250 in a week. Scammers are promising these kind of returns nowadays , Zero to Hero in their lingo.
Day trading has the potential to be profitable for certain individuals, but it is accompanied by considerable risks and difficulties. It necessitates expertise, understanding, experience, and the capacity to make rapid decisions in a market that is prone to volatility. While a few day traders have attained success and made profits, the majority tend to face challenges and may even incur losses.
You want to meet people who make 300%? i have seen people making 14000 to 74000 with verified p&l already 400% + through options buying. The people who are doing it they know even if they tell you the holy grail you can’t do it because you lack their experience, understanding, risk taking capability, mindset etc. These people stay hidden from normal people. Remember when i couldn’t made profit i thought everyone is a scammer but in reality they can do it, you can’t. It’s hard to accept but that’s the reality.
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Its Very Simple to make money In Intraday, Just Follow the Step.
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First read all the books on Technical analysis. see the videos on youtube & develop Methodology, then Trade with capital of 20000 & lose all in 1 week or 1 month or may be more if you have beginners Luck. then stop trading.
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study all the books on risk management money management & position sizing, modify your strategy/ methodology if required, then again use capital of 40000 to trade, if you lose all the money more quickly then good. stop trading.
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Read all the book in the world based on trading psychology & books how mind works. then again deploy capital 60000 & trade. if you lose again all the capital then good.
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revised all the books on Risk & money management, position sizing and most importantly revised books on Trading psychology.
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start to analyze every single trade you have take & figure out why you made profit & loss. spent 6 month on this.
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figure out what went wrong, who is wrong ? the strategy or Its YOU. if you figure out that you are the culprit not the strategy then accept that & start over again. Before starting read all the books on Trading Psychology again.
Tips - beleive that Intraday is like another job or a business. For Example - In job people spend 8 to 12 hourse in a day. study analyze all of your trade everyday.
How do u calculate stoploss for such position?
A fixed percentage of premium.or based on index points?
Also how do u handle gap open against ur position?
Can u pls elaborate
I don’t believe you a bit. If someone can make 400% than he is already richer than Musk in a decade. Also why a person who can make 400% make only puny sum of 14000? You don’t make any sense and unless you share here verified PnL where people are making 400% .
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Technical Analysis books don’t work. Even TA doesn’t works more than 30-40% of time which is an outcome worse than random. TA will make you lose every penny you have unless you use a risk management. A random Coin Flip+ Risk Management will beat TA+Risk Management.
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People in jobs have a net positive cash inflow. In Intra-day 99% people lose money. These two can’t be compared in any way.
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In Roulette ,Customers as a group have 48% chance of winning while house has 52% change of winning. In day-trading, customers (traders) has 99% chance of loss. Day Trading is worse than casino gambling.
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Never Ever Risk More than 0.5 to 1% of capital in single trade. SL should be in such place if reached then your trade is wrong based on your strategy. Use position size accordingly. Your SL should not be equal to 1% of your capital randomly.
Do not take overnight position without hedging (unless You are Investing for long term).
Never ever break rule.
1.You are right. Nothing work in any type of trading. Its a game of probability. Its a Mind Game. but when you walk/ drive in road (in spite of risk of accident ) you follow certain rule. In trading following rules are the Holy Grail.
a) Number one Rule Risk Management which extremely tough to apply while Trading. specially cut loss quickly without hesitation. Never risk 0.5/1 % of capital risk in a single trade
b) Hold & add to winning position, this is 10 time tough than risk management. I am still struggling to do it.
c) You have to be emotionally dead while trading. have to be 100% disciplined.
d) Never ever Overtrade to reduce trade expense & other psychological effect.
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You are right. nothing safe than Stable source of Income like Job.
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Day trading is the toughest Job in the world. only 3% people in world can consistently make money.
World Statistics
90% of day traders lose money consistently.
Only 1% of day traders are predicted to be profitable after costs.
Approximately 72% of day traders suffered a net loss in 2019.
The average individual day trader loses money for six months before giving up.
97% of individual day traders consistently lose money.
40% of day traders quit within a month, and 87% quit within 3 years.
Approximately 17% of day traders can manage to earn minimum wage via day trading.
Only 3% of day traders make consistent profits.
Over 85% of active day traders fail in their first year due to poor risk management.
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There was a Brazilian study on Day Trading. 99% day traders lost money. Those 1% who were profitable made less than salary of a Bank Cashier even though they took significantly far more financial risk.
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I think those 1% traders, who are earning money in option buying are youtube influencers 
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In trading scenario, only below are making shit loads of money :
*Broker
*Exchange
*Depository
*Govt
*FURUS-The course sellers
*Software tools
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You asked me about verified p&l of people who made 400%. I will tell you what is happening here probably you don’t know how intraday trading works so you can’t figure out how he is able to make 400% with very small capital but can’t do the same with bigger capital. Think like this if you only studied till 4th class then you can’t multiply numbers and you can’t even imagine how a multiplication happens same goes with beginner traders. I am telling you the reality even if i tell you whole thing you can’t do it. But you can try and prove me wrong. I do option buying and i have posted my p&l videos for one month weekly you can check if it’s fake and the reality is if you ask me about verified p&l then i can’t give it to you because in your mind you think being profitable means to have a profitable P&l but reality is archiving that profitable mindset which will give you money for life time .it’s like if you learned cooking you can feed yourself any day. So it’s a skill which can be learned but hard to master.
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‘Devil is in the details’ doest apply here.
9 out of 10 intraday traders failed in 2022 fin year. You got the stats upfront from the authority who runs the casino. There is nothing to hide. Either you are in the 10% or in the 90% is all it matters.
Are you profitable in Option Buying? If yes , please show your PNL over a period of time.
The whole idea that trading is about Psychology or Mindset or hard work is hocus pocus. Sellers of TA love talking about Psychology because it shifts blame from them in case their paid strategy doesn’t works ,which never works in fact. It is analogous to coaching industry in India, if a student fails the de facto unquestioned explanation is that he never worked hard enough. Is it not pure mathematics that when seats are extremely limited the outcome of a competitive exam will be decided by chance aka luck aka randomess and not hard work. Trading is exactly same. Here, failure of day trader is ‘explained away’ by saying that he failed to stick to his rules, he need to develop ‘mindset’ and he needs to ‘work hard’ at it. It is all nonsense.
Psychology in stock market is nothing but patience.
But fake gurus make to so complicated. They even say you have to start breathing excercises 
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I don’t need to prove to you. If you think it’s a scam and nonsense then why you created this question in the 1st place? The people who make money they are also miss guiding, why because if an uneducated labour person try to become a trader then what will happen? So better leave the market and try something else.
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