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1.
Small, part-time traders: The
market will not move according to your limited schedule. So
part-timers will get only limited opportunity to make money. And
small traders do not have the capacity to prepare for ideal
Intraday trading: being online on own computer, using software,
investing on learning.
2. Speculators, Gamblers:
Need no comment except reiteration of the fact that no one can
run the family by gambling.
3. Traders operating on Tips:
Tips are provided on 2 basis. a. News based: Some price
sensitive news or rumours have hit the market b. Software
generated: Software throws up names of stocks from time to time
based on it achieving certain pre-fixed criteria - say, 2%
increase in price, exceeding certain technical parameters,
hitting day's low or high, volume based... Problem is, the
overall market may move opposite to the Call and you will lose
money.
4. Off-line traders:
Intraday trading requires immediate response. Off-line traders
cannot respond immediately. Simple. They are inefficient and
inefficiency breeds failure.
5. Wishful thinkers:
They fail in everything. No wonder they will fail as Intraday
trading which requires unemotional approach to trading, apart
from knowledge and tools. They are not trained and hence lacks
knowledge. Add emotional content and it becomes an explosive
fomulae for definite failure.
6. Short-cut-to-wealth seekers:
Intraday trading treats your capital at 10 times leveraging. In
no other business you get this advantage to earn even 80% ROI on
monthly basis. But to do that you need to acquire knowledge,
build your expertise, enhance your efficiency with right tools
of the trade. It needs investment in time, efforts and money
which you do not want to do.
Arunangshu M Lahiri is available on mobile nos.
097400-76212 (Bangalore),
09330876212 (Kolkata) as well as via mail:
sharebaba@gmail.com.
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