Suggest you find someone who is a seasoned trader, request him to allow to sit in his office while he trades. Watch how he manages his position and rinks. If you diligently do it for few months, you would learn few finer nuances of a successful trading. Thereafter do paper tradin...
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An option trader for the past 5 years with an average success rate of above 70%. Not rich yet but confident that I shall be there soon.
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Naked option buying is dangerous but naked option selling will ensure that you are completely ruined in one single trade. Unless you know how to trade using hedge, both could be disastrous.
@gsrajah9410 exactly 👍🏻
A successful trader will never reveal how much he makes in a month or year. The one who claims to make x amount every year in all probability boasting to make money running his/her YouTube channel or milk gullible guys by offering them some on line classes.
Indicators are just one of the tools in a trader's arsenal. To trade in stocks, one needs very good ability to read previous day's history, understand candlestick patterns, understand volume candle importance. Last but not the least, use these knowledge along with the important f...
All indications today are for Nifty breakdown.
With very little buy interest from the market and a strong resistance @ 500, it will be advisable to exit the trade anywhere near 500.
Looking at daily and 1 hour chart's double bottom, I am of opinion that the market may bounce back briefly on Monday before facing a resistance @ 23500. However, given the FII's diminishing interest in near term and in the absence of any major catalytic news, if the market breaks...
As suggested by many here, my sincere advice to you is to not get in F&O trading when you have not spent few years in stock trading and have learned enough to use your years of experience to trade in F&O. One thing you should never do is to play with your money on someone's else ...