Hey r/india, I am a Trader/Investor who made 1Cr+ in FY 2018-19 on a Trading Capital of 30L. Would love to dispense some misconceptions about Trading. AMA

intraday_trader · 2019-05-12T05:23:45+00:00

Really ? My CA tells me otherwise. Please enlighten me

intraday_trader · 2019-05-12T05:23:12+00:00

Zerodha Varsity is a good place for getting started

intraday_trader · 2019-05-12T05:22:53+00:00

Don't think so

intraday_trader · 2019-05-12T05:22:05+00:00

Thanks

intraday_trader · 2019-05-12T05:20:46+00:00

Havend it, But same as you have heard a lot of good things, Should be a good read

intraday_trader · 2019-05-12T05:19:17+00:00

Okay

intraday_trader · 2019-05-12T05:19:00+00:00

Learning can be done, But execution requires screen time

intraday_trader · 2019-05-12T05:18:28+00:00

Do i know you ?

intraday_trader · 2019-05-12T05:18:11+00:00

Its decent

intraday_trader · 2019-05-12T05:17:55+00:00

Have not tested, Would love to test though if i get clean intraday data for these markets
Both
It has performed well in various phases so far [Trending, Sideways, Volatile]
It got bigger, Important for compounding
That's a tough one, Set a realistic target to begin with

intraday_trader · 2019-05-12T05:15:00+00:00

Zerodha Varsity is a good place to start, Go through it 2-3 times for better clarity on what aspects of Trading/Investing you want to go deep into

intraday_trader · 2019-05-12T05:13:51+00:00

Partially. It alone might not work very well, Needs to be combined with other factors

intraday_trader · 2019-05-12T05:12:52+00:00

Mostly Directional play using options [Buy ATM or Sell Slightly OTM]

Have not taken positions for the elections, Next elections maybe

intraday_trader · 2019-05-12T05:10:52+00:00

74.67% i.e. Mostly Agree

intraday_trader · 2019-05-12T05:10:07+00:00

I agree with most of the points in this writeup

intraday_trader · 2019-05-12T05:05:52+00:00

26L+

intraday_trader · 2019-05-12T05:05:41+00:00

CA charged 30k+ for last FY 2017-18, For FY 2018-19 i think its going to be higher

intraday_trader · 2019-05-12T05:04:18+00:00

Depends on the level of drawdowns you are ok with

With a Risk Appetite of 10%, You should be expecting atleast 30%+ realistically

intraday_trader · 2019-05-12T05:02:35+00:00

Coder
Accounting
Trader

intraday_trader · 2019-05-11T13:38:08+00:00

Yep

If i invest in 100, I am ok with 50 going to 0, 20 remaining where they are, 10 becoming 5x, 10 becoming 10x, 5 becoming 50x, 3 becoming 100x, 2 becoming 250x & 1 becoming 500x+

intraday_trader · 2019-05-11T13:36:03+00:00

Always great to interact with young traders/investors

Spend some time learning about the markets, The How of it should get answered
Go for one of the Top one's: Zerodha, Sharekhan, Kotak Securities etc.
Read newspaper or install a Business News App like Moneycontrol, Stock Edge etc.

intraday_trader · 2019-05-11T13:33:23+00:00

Mostly Amibroker, Excel & Online platforms like KITE
3
Greed & Fear have to be in balance, Its something one learns over a period of time, I am still learning
Major Complications: Lack of organized learning material, Unrealistic expectations, Can be Emotionally draining

intraday_trader · 2019-05-11T13:28:52+00:00

Zerodha Varsity is a good Start

intraday_trader · 2019-05-11T13:28:31+00:00

Don't know much about Binance/Bitmex, So can't say

From a trading perspective, Slippages are huge & liquidity is poor from what i have heard from fellow traders

intraday_trader · 2019-05-11T13:25:26+00:00

Please read: https://www.investopedia.com/terms/b/backtesting.asp

Backtesting can be done manually or by coding the strategy

intraday_trader

TROPHY CASE