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Posted
1 hour ago, Straight Drive said:

Ideally 2 Lakhs for Day Trade

 

Note: I am not in Day Trading as i am empoyed in other profession.  So do your own research in these money matters, I did try Day trading with that much amount whenever i was on planned or sick leaves. In initial days of Day Trading i found the profits were erased by losses on other days and there was little profit i made after many day trades. Day trading is not worth if one is employed imo if income from Day Trading is not your primary source of income. Instead try "Swing Trades" or Long time investment.

 

1. Do not use your saving amount for Day Trading.

 

2. Accumulate separate amount which you can risk for Day Trading and which will not impact you even if you lose all of the money you plan to trade with.

 

3. Do not beleive in sms tips.

 

4. Always use "Stop Loss" feature for all trades.

There is no one who can make 50-100% returns eveyday . 

 

Also the most important thing is money management . Need a lot of discipline 

Posted
3 minutes ago, jusarrived said:

Haha I deserve that .

 

 

 

many brokers give good leverage and their charges are similar to FD rates .. 10x leverage is the norm ..

one broker giving 15 to 30 times leverage and they have a fixed brokerage plan .. 9% interest + 18% gst for every crore they provide as margins ( should be used only for selling and no leverage on overnight positions ) and charged as account maintenance fee and no brokerage will be charged on f&o trades 

Posted

did long strangle in bank nifty :pray: 

most probably tomorrow there will be a volatility spike because of the exit polls on sunday 

Posted
10 hours ago, velu said:

did long strangle in bank nifty :pray: 

most probably tomorrow there will be a volatility spike because of the exit polls on sunday 

Premiums are crazy , What strike prices did you buy ? 

Posted
16 minutes ago, jusarrived said:

Premiums are crazy , What strike prices did you buy ? 

 

bought 28k put and 29.5k call for 740 .. booked 20% already , premiums jumped in the last 15 mins :money:

Posted
20 minutes ago, velu said:

 

bought 28k put and 29.5k call for 740 .. booked 20% already , premiums jumped in the last 15 mins :money:

So you sold on both sides when you booked ? 

Posted
7 hours ago, jusarrived said:

So you sold on both sides when you booked ? 

 

yes .. bought 1300 ce + pe ..  sold 300 ce + pe and carrying another 1000 

Posted
1 hour ago, jusarrived said:

You are about 260 pts up . Nice one .

 

completely exited at close .. got 220 points :marchmellow:

 

mkt might move after exit polls , but vix might crash as well .. 

considering my position is skewed , i exited all 

Posted
1 hour ago, gattaca said:

interesting  why bank options @velu @justarrived.

 

bank nifty is more volatile than nifty , when we expect a move then BN is a better choice 

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