How can I get a 1-1.5% profit daily in intraday trading in India?
TRADINGFEATURED
"1–1.5% profit daily is an unrealistic goal as it amounts to approximately 25% monthly"
When I first started trading I focused on short-sighted ego-driven goals :
How much money I could make today?
How many points I could catch in a week?
The real success is in the long game and tracking things that matter.
Tracking your results monthly, quarterly, and yearly.
Focusing on how well you follow your plan.
Removing money and only focusing on percentages.
Back-testing your last 50–100 trades and finding your strengths and weaknesses.
1–1.5% profit daily is an unrealistic goal as it amounts to approximately 25% monthly. Best hedge funds make this return yearly. To make 25% monthly, you have to risk 25–30% from your capital monthly which is possible only with high-risk strategies.
Credit: Quora