Can we trade only one stock in intraday for a year, and become profitable trader. Because tracking more stocks are more stressfull
trade in nifty index, better predictable than stocks and high liquidity.
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For years i traded only banknifty & was profitable. So yes it’s possible.
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जहां तक मेरी समझ है, प्रॉफिटेबल रहने के लिये सही स्ट्रॅटेजी की जरुरत होती है, अगर वो हमारे पास है, तो इस बात से फर्क नही पडता की हम रोज एक ही स्क्रिप्ट में ट्रेड करते है या हर रोज नई स्क्रिप्ट में ट्रेड करते है.
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For example Can we profitable in trading only in infy… In stocks
Technically yes but i wouldn’t recommend it. There is a lot of opportunity & advantage to using options over futures (one major factor being charges & the other, the ability to execute precise strategies).
Stock options have too many hurdles (wide spread, margin increase in last week, liquidity issue while exiting, etc).
So, i’d recommend sticking with indices.
Yes theoretically and practically both but focusing on just 1 would limit the number of trades and lot of time might get wasted observing and waiting for trades, so better to focus on a few more stocks and not just 1…
I fear not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick 10,000 times.
Bruce Lee
hope you got the answer !
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Yes! Trading is for suckers, practice kicking instead?
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Practice multiple kicks 1000 times each, much better equity curve vs one trick pony.
But anyway, to OP - there is no one right way to trade. Do what works for you. You can try multiple setups on 1 instrument or 1 setup across many somewhat correlated stocks. And further can run different setups in multiple stocks etc etc.
Not happy with stocks? try index, try metals, try commodities, change timeframe etc.
Start with one thing, put effort and make it work and then move on to next to diversify.
Don’t look at pnl to reduce stress. Keep max dradown comfortable to reduce stress - say under 10-15% of capital. First confirm you have edge through backtests and forward tests and only then scale up. Without proof its impossible to trust system, assuming its even worth trusting. Trade small until then.
i believe you are asking about trading stock with intraday leverage?
i suggest trading index weekly/monthly option with hedge.
with stock few bad trade enough to wipe out the acc, unless you are highly experienced.
If you want to trade only one script then choose b/w index (nifty and bank nifty). (More stable)
Intraday stocks can be a risky option because of their volatility. (You can lose big)
If you want to trade stocks only, then it’s better to go for swing trading. In swing trading you can monitor many stocks using an alert system. (Less stress than intraday).
One thing i am sure that trading is a stressful profession. It does not matter whether you are doing intraday or swing or you are trading in one script or multiple scripts.
In my opinion, you are putting a very unnecessary limiter on your trading by choosing only one stock for intraday. Trading is all about all the good opportunities you can get.
(Single stock + with huge volatility + intraday + you are just starting = big no no).
There can be some people who can pull this but not sure about many
The index for intraday is good not sure about single stock.
Here is what I suggest:
If just starting out:
Intraday (nifty and bank nifty)
Swing trading (nifty 50 stocks): later you can expand.
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it is possible to trade only one stock in intraday and be profitable, but it is not recommended due to the limitations and risks associated with this strategy. It is important to diversify your portfolio and practice good risk management techniques to increase your chances of success in trading.
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I have recently launched stockorbtest.com - you can actually check which stocks are worthy to do intraday trading.
In my backtests, I have found that high beta stocks work wonders than the usual names.
There are definitely some exceptions. Like if you check Reliance or Bajaj Finance they have decent range breakout results. But for others, not much
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Let me tell you from experience. Never start with index options, if you are a beginner or low on capital. Just find high beta stocks and trade on a couple of them for months , if not years.
Low beta will eat your brokerage and other charges and you won’t get any good rewards.
Certainly yes. But trading in index is even better option. It has so many advantages like less volatility, high liquidity and no company oriented risk. So try nifty index.