Can independent traders succeed




















The low living costs help you endure losses, if any. Day trading can be a viable profession if you have the right temperament for it. Keep in mind the information and guidelines given above. You can start off by opening a trading account with Kotak Securities and learn your way up. Read more: Intraday trading formula.

Things to do when markets turn volatile. Research reports to help you make better trading calls. How to choose stocks for intraday trading. Secure your finances with an equity trading account. How two time zones can help the Indian economy. For Customer Service, dial Write to us at service. No need to issue cheques by investors while subscribing to IPO.

Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account. Circular No. Kotak securities Ltd. We have taken reasonable measures to protect security and confidentiality of the Customer information. The Stock Exchange, Mumbai is not answerable, responsible or liable for any information on this Website or for any services rendered by our employees, our servants, and us.

Please do not share your online trading password with anyone as this could weaken the security of your account and lead to unauthorized trades or losses. This cautionary note is as per Exchange circular dated 15th May, Clients are required to keep all their account related information up-to-date including details like email id, mobile number, address, bank details, demat details, income details etc.

To update the details, client may get in touch with our designated customer service desk or approach the branch for assistance.

Such clients are required to provide the LEI number to us for updating it at KSL to avoid any disruptions in future payment when the threshold reaches to 50 crore and above. In case of any queries, get in touch with our designated customer service desk. Investor Awareness regarding the revised guidelines on margin collection:- Attention Investors : 1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.

September 1, Kindly exercise appropriate due diligence before dealing in the securities market. Refer NSDL circular. Covid impact to clients:- 1. To view them, log into www. We are unable to issue the running account settlement payouts through cheque due to the lockdown. We request you to update your Bank account details to facilitate direct transfer to your linked bank account. You may approach our designated customer service desk or your branch to know the Bank details updation procedure.

Exchange advisory: Investors are advised to exercise caution while taking investment decisions in these unpredictable times. Clients are also encouraged to keep track of the underlying physical as well as international commodity markets. Clients are advised to undertake transactions after understanding the nature of the contractual relationship into which they are entering and the extent of its exposure to risk.

Clients are further advised to follow sound risk management practices and not to be carried away by unfounded rumors, tips etc. Read the notification here.

In case of any queries, start instant Chat with our Customer Service team or WhatsApp 'Hi' on or email us at kscustomer. Benefits: i. Effective Communication ii. Speedy redressal of the grievances. Telephone No. No 21, Opp. Telephone No: Skip to main content. Account Login Not Logged In. Is day trading a viable option as an occupation?

Read more: Day trading options The pros and cons of day trading as a job Here are some advantages of day trading for a living: You can control your own time. Your working hours, free time, and holidays are in your own hands. You can work from the comfort of your home.

All you need is a computer and an excellent Internet connection. Formal training is not essential. You can educate yourself via paid or free tutorials on the Internet. Make sure you train yourself in this way. Let us now look at some challenges of day trading for a living: Be prepared for risks. You must learn to assess and manage them. Discipline is a must. Intelligence alone cannot help you succeed in this field.

Day traders often lead solitary lives. I figured that if I could not trade profitably when I was Skip to main content. Start your free trial. It's also not something you want to risk your retirement savings on. One critical tip: Open a practice account at a suitable brokerage and give it a go before committing any real money to day trading.

Many brokerage accounts offer practice modes or stock market simulators , in which you can make hypothetical trades and observe the results. On the topic of brokerage accounts, you will also want to make sure you have a suitable one before you begin day trading. High transaction costs can significantly erode the gains from successful trades, and the research resources some brokers offer can be invaluable to day traders.

What is day trading? How day trading works. Buying on margin. Learn More. Day trading rules and risks. Pattern day trader. Margin call. Swing trading vs. Swing trading. Trend trading. Buy and hold. Why is day trading harder than passive investing? There are two major reasons:. How do I start day trading? On a similar note Dive even deeper in Investing. Explore Investing. Get more smart money moves — straight to your inbox. Sign up. NerdWallet rating NerdWallet's ratings are determined by our editorial team.

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