InvestorQ : Can you throw some light on how cost of trading is important in intraday trading and is it advisable to sit quiet in the intraday market?
Niraja Mehta made post

Can you throw some light on how cost of trading is important in intraday trading and is it advisable to sit quiet in the intraday market?

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Dinesh C Nagpal answered.
7 months ago
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Intra day traders are scalpers. Eg they will enter a trade in Nifty or Bank Nifty options which say are trading at 100 and will start booking profit at every 3-5 moves and keep increasing the trail stop loss. They are not in the trade for windfall gains. Time to time they do make a killing trailing a tranche of their holding. However, the mindset is book quick and tighten stop loss.

Yes its very much advisable to sit tight even in intra day markets when the set up is not convincing.

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Maniish Lofar answered.
3 years ago
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Success in intraday trading is contingent on a variety of factors including the market volatility, cost of trading and your trading strategy.
When you are trading intraday, your cost of trading matters a lot since there are two legs to each trade on the same day? Get a full picture of your costs. When you add up brokerage and statutory costs, the cost can add up to quite a bit and make a difference to your break-even. Ensure to get the best deal on brokerage to be profitable in intraday trading.
To answer your question on keeping quiet in the market, there are 3 decisions in intraday trading viz. buy, sell, do nothing. You will find that quite often doing nothing in a highly confusing market is the best trading decision. You can actually save yourself even as other traders may be losing money in the midst of all the volatility and confusion. Use the volatility but stay out if the market is confusing.
In intraday trading, you are as good as your last trade and you must keep that in mind when you start intraday trading. So don’t worry about what you did last week and last month. They are history. The trick lies in learning from your bad trades and using it to better your future trades. What you can do is a lot more important in intraday trading than what you have already done.
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