Intraday trading is
For my recent post about investment suggestions, i got some responses to do an intraday trading, but i do not have time and energy or patience for that, but i want to understand from this community, is this really a successful career option?
In trading you can't compete with those 0.01% who actually make profits from other 99.99%
only those who can manipulate the market with their pump and dump strategies are capable of making a profit in intraday trading. Stay away if you can't manipulate the market.
Rather go for swing trading with good stocks 🙌🏻
Trading is very luck based, only one can earn when market is very volatile i.e in the first and last 15-30 mins, also markets trajectory is uncertain so stop loss is even more essential while trading.
Trading can be done for small side profits that too with caution but not as a full time profession or for booking large profits, as bait will kill you in trading.
Only algorithms make money in intraday and F&O, RBI recently released a report on it.
It takes exceptional traders to beat more than 90% of the market. And that too when they are glued to screens all the time. It's not for salaried people.
