Go for only NIfty Options Call Put, Only First Buy, Buy Call or Put and Square OFF, do not sell first. This is less risky than any other intraday trading plan and Trade on Nice Buy Sell Algo Signals. 1. Problems with Equity Holdings:- Huge amount required for trading and if that particular stock or sector goes down u have to wait for years to recover your money. You can not make profits if market goes down. 2. Problems with Equity Intraday:- Some amount is required, but it is stock specific and sector specific. (This type of trading some what OK, buy trade with research and Nice Buy Sell Alogo Signals). 3. Problems with Futures:- This is the most dangerous, I dont want to try this at all 4. Problems with Stock Options:’- Again it is stock specific and sector specific. 5. Advantages with Index (Nifty, Bank Nifty) Options: - Less amount required, Can keep for 1 month, and can get profit, if market moves either way. BUT NEVER SELL CALL or PUT FIRST (Losses will be very high if sell first). 6. The best Option is NIFTY OR BANK NIFTY CALL PUTS ONLY BUY (That too ATM or near to ATM, which are liquid). (That too prepare an ALGO Buy sell signal AFL for this or subscribe). Read My Story of Trading How Iam doing NIFTY Options Call Put Intraday Trading? What is my Strategy? What You need? 1. Basic Understanding of Index options, Call Put etc. 2. Good PC and or Laptop with UPS (In case of power failure) 3. Broadband Internet/ 3G Net connection. 4. TV with CNBC Channel (For latest news) 5. Good Android smart phone with 3G Internet and required App’s. 6. Good Discount brokerage Account which charges you less brokerages. (Iam Using Zerodha). 7. After having everything set, what do you want. Most Importantly you need some tips from somewhere. Generally small investors trade on news seen on TV. They just watch CNBC or some other channel and makes their own decision to trade. But I have seen that they generally make losses with this approach. Small Investors always think that there are people inside market who can give valuable tips about doing intraday trading. After reaserching in Internet about these tips, I found that these tips do not serves the purpose. 8. I have subscribed for famous intraday tips for Rs 10000 (Oh my god) for one month, He generally gives one tip in a day. I was trading with major brokerage with 3 in 1 account. After one month trading, what i can see is Rs 10000 for TIPS + Rs 22500 for Brokerage + Rs 2500 Loss = A total loss of Rs 35000. 9. Tips worked for only half time, so what you got is what you loose and some dynamic trading by me made 2500 loss. 10. I have paid Rs 22500 as brokerages (Can u believe this?). 11. Paid Rs 10000 for tips. After that I have changed my plan stopped trading for a month and checked what went wrong with me? I got this 12. I came to know that in Intraday trading, brokerage commission will play an important role, it adds to the buying cost of a stock / future / option . If it’s high then it would be difficult for the trader to make some good profit intraday. So I have Immediately shifted to zerodha. Zerodha he charges Rs 20 each order irrespective of size of order. (Check the brockerages now with automatic calculator.) 13. And most importantly i have shifted to a wonderful Automatic buy sell signal software based on Amibroker AFL Formaula. Which generates buy and sell signals in live market and its very cheap. Rs 1000 only for Equity/F&O. So i have subscribed and started trading. 14. Now my life has changed, I have made Rs 10500 Profit after paying brokerages of Rs 2500 only and Rs 1000 for Automatic buy sell signal. 15. Several times I have missed heavy profits because i have squared off early. Now I got confidence and making nice profits. 16. Zerodha + Buy Sell Software = Profits. Thanks and Happy trading. Visit my blog https://niftyoptioncallputeasy.wordpress.com
Neither day trading nor long trading is risky if u work with knowledge and great sense of humor
day trading and long trading have it's own advantage and disadvantage. But hard and smart work is most important.
For more Detail Check INTRADAY TRADING
IF U WANT TO UNDERSTAND THE BASIC DIFFERENCE BETWEEN DAY TRADING AND POSITINAL TRADING THEN JUST OPEN A 5 MIN CHART AND 1 HOUR CHART OF ANY SCRIPT. 5MIN CHART IS V.CONFUSING BUT 1 HR CHART SHOWS A CLEAR PICTURE, THE LONGER TIME FRAME MORE CLEAR IS THE PICTURE AND MORE PROFIT U CAN GET.
TO MAKE U INDERSTAND MORE A DAY TRADER IS LIKE A BHAJIWALA WHO BUY THE VEGETABLE IN MORNING AND SELL THE WHOLE THING BEFORE NIGHT AND TAKE WHATEVER PROFIT HE GETS, WHEREAS THE POSITIONAL PERSON IS LIKE A BUISNESSMAN WHO INVEST IN A COMPANY AND PATIENTLY WAITS FOR THE PROFIT TO COME.
IF U R NOT AFRAID OF GAP DOWN AND GAP UP JUST GO WITH POSITIONAL TRADING SINCE IT HAS LESS BUY OR SELL CALLS AND YES U HAVE TO PLACE A BIG STOPLOSS.
SO ITS UR DECISION NOW…
Zerodha Pi gives you buy sell signals at free of cost, why you paying everymonth 1000rupees to other software.
Zerodha Pi gives free buy sell signals, I know, but what is the formula which gives the signals? U have to feed the formula when the buy and sell signal comes… Thats the very difficult part. What i was mentioning there is a formula, not 100% sucessful, but around 50-60% successful. But with disciplined trading u can increase that %.
how to activate that
i was expecting a combination of knoledge and absolute logic driven risk control … please do elaborate on the “GREAT SENSE OF HUMOR” … this answer seriously caught my attention
Trading is not about technicals only, its about fundamentals, earnings of markets, global , avoiding stock futures, when whole india is bullish on market at 9100, i am short from thta point of time
According to me, both the trading style is easy if a trader is capable to manage his risk and rewards while trading the market. Many stock tips provider help them to earn well with their trading guidance but point to be noted here is that a trader should know how well he can use these trading tips while taking decisions. If the trader does not have enough knowledge about the market and he is not using his brain while taking investment decisions then for him both the trading styles would difficult to handle.