All of you are fooling yourself by giving these excuses for day trading.
80% of time nifty stocks on any given day move by 0.5% up or down.
52% of time nifty move up and 48% time moves down. you have to be a super trader to predict which direction nifty will move on a given day.
And even after being a super trader , you do catch that part of 0.5% move. The cost of trading every day will eat into your profits and don’t forget the loses.
you can calculate all these statistics by pulling data from inception to till date and do these calculations.But i really doubt anyone here even does statistics before day trading.
your strategy or psychology or money management isn’t going to change these facts.
More importantly your psychology or money mgmt has nothing to do with these statistics. you can try whatever you want, This is the reality of markets.
Given these kind of odds , isn’t day trading gambling?
Someone prove me wrong on this and i will give you a free 10K Rs in your trading account.
Also it doesnt matter what nithin says, its in his best interest that day traders keep on trading. So can’t really take his word on this matter as there is direct conflict of interest.