How many of you do intraday trading?
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I guess most of the people here are into delivery/MF/FD/IPO are they any intraday, MCX or F&O traders. How is it going so far what is max profit/loss you made any cues you all want to share with others?
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Dont go for intraday !!!!!!!!!!!!!!. your profit for the day will go crazy ,in a moment it will turn red . i have loosed a big amount. but one thing for sure profit or loss, you will become a BP patient . if you do trade be it a delivery based trade (shorting not possible though)
Avoid F&O
I made good profit in beginning
But lost huge amount later
F&O is best if you have the knowledge
I traded intraday once for a month but after getting a hang of it in early days of my market career, left it completely... Also, tax forms and implications change, so permanently left...
intraday trading is the only truth & is considered a profession due the ability to trade both good & bad times. on top of that without leverage and daily % returns u cannot come out of poverty or at least this rule applies to those who dont have money from selling parent's land etc
i had a friend who is an investor but arrogant showing 34% absolute returns but unware of XIRR & identfies herself as trader even though its MF. nowadays the trading word is misused a lot
But india being in bull phase any yera gera nathu khera is buying & making money giving them the illusion + false confirmation of skill/knowledge but in reality its just luck of bull phase timing. ( still kudos to them )
Sadly when bull phase ends & it will end like it ended for other nations then there will be massive transfer of wealth whereby novice retail investors will be wiped out & trading mania/hype will end for next generation.
after that only true traders will survive
I consider myself "a small investor" (so i dont care about market high and lows USUALLY)