As we indulge into Intraday trading, tendency of trader is to make more money in other words intent would be greedy, if trader has strong process and can scalp good profit on daily basis suggest to continue with methods, but Trader who has position to expire one needs to wait till day before Expiry to book profits. Swapping methods from intra to position or vice versa is only model for making money to Brokers and Government, stick one method if you are Positional Trader continue to be and dont attempt to be scalper or Intra day Trader.
| Product | Instrument | Qty. | Avg. | LTP | P&L | Chg. | |
|---|---|---|---|---|---|---|---|
| NRML | BANKNIFTY 23rd JAN 31000 CE NFO | 0 | 0.00 | 70.80 | +1,696.00 | 0.00% | |
| NRML | BANKNIFTY 23rd JAN 31300 CE NFO | 0 | 0.00 | 22.50 | -709.00 | 0.00% | |
| Total | +987.00 | ||||||
Developing method that consistently yield good profit is only way of building wealth, without process in place will have side effects of capital erosion. With Above example,taking small profit may be 1K/day( 55K Investment) ROI = ~ 2% within 6 hrs converting to Yearly returns of 24% is not only good or decent return, Amateurs tend to compare the daily returns with their full time Salary isn't right method of comparison, we need look how money works and money yields, but Amateur Traders is comparing their Work Salary to Money Working, here Money works and their you Work for money, change your mindset and learn and make money work for you and Lastly 24% return is still good return as your wealth will double in 3yrs ( magic formula of 72) now start working on how to have good Trading capital in order to Make Money work for you.
Happy Trading !!!
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