Hello friends....
It is possible to make money in intraday....Lots of people says they are not successfull in intraday....But proper money management plan will give them success......Yes; selection of stock is important, but it is also important to know how u will use ur money....Many times it happens that we earn from 3-4 trades, but 1 single trade taking all ur profits and makes ur position in negative....So this is my small effort to share u about money management forintrafay......Suppose initial capital is 10k....and ur broker allows u d exposure 5-6 times......Then max do 3 trades each day with 20 k for each trade.....Keep ur risk:reward ratio 1:2 .......means for each trade estimated profit is 250 and loss will be 125......By calculating brokerages and other taxes estimated profit ahould be 240 and loss will be 135....
Suppose total trading days in a month are 20....then 60 trades per month....
Suppose out of 60 trades.....
winning percentage 60% then ur net profit will be 5400....means 54% profit...
36 win * 240 = 8640
24 loss * 135 = 3240
Winning percentage 50% then your net profit will be 3150.....means 31.5% profit...
30 win * 240 = 7200
30 loss* 135= 4050
Winning percentage 40% theb your net prifit will be
900...means 9% profit
24 win * 240 = 5760
36 loss * 135 = 4860
Moral of d story...Focus on increasing ur winning ratio...and surely u will win d race of markets...
All d best.....
It is possible to make money in intraday....Lots of people says they are not successfull in intraday....But proper money management plan will give them success......Yes; selection of stock is important, but it is also important to know how u will use ur money....Many times it happens that we earn from 3-4 trades, but 1 single trade taking all ur profits and makes ur position in negative....So this is my small effort to share u about money management forintrafay......Suppose initial capital is 10k....and ur broker allows u d exposure 5-6 times......Then max do 3 trades each day with 20 k for each trade.....Keep ur risk:reward ratio 1:2 .......means for each trade estimated profit is 250 and loss will be 125......By calculating brokerages and other taxes estimated profit ahould be 240 and loss will be 135....
Suppose total trading days in a month are 20....then 60 trades per month....
Suppose out of 60 trades.....
winning percentage 60% then ur net profit will be 5400....means 54% profit...
36 win * 240 = 8640
24 loss * 135 = 3240
Winning percentage 50% then your net profit will be 3150.....means 31.5% profit...
30 win * 240 = 7200
30 loss* 135= 4050
Winning percentage 40% theb your net prifit will be
900...means 9% profit
24 win * 240 = 5760
36 loss * 135 = 4860
Moral of d story...Focus on increasing ur winning ratio...and surely u will win d race of markets...
All d best.....