So a good guess would be 40%.
Some of the more commonly day-traded financial instruments are stocks,stock options, currencies and a host of futures contracts such as equity index futures, interest rate futures, and commodity futures.
Day trading used to be the preserve of financial firms and professional investors and speculators. Many day traders are bank or investment firms employees working as specialists in equity investment and fund management. However, day trading has become increasingly popular among casual traders due to advances in technology, changes in legislation, and the popularity of the Internet.
thanx
I will answer ur querry in different way :
I am okay if I could get 10 to 12% on yearly basis from day trading. There are several client who regularly lost money in day trading. Looking at current volatility in indian markets, it is very difficult to time the trades.
But I have also seen few people ( particularly with lots of money and those who keep strict stop losses), earning almost 70% a year in day trading.
In case you need more information please email me or ask specific question. Am in Mumbai.
You answered your question yourself, isn't it. Buying a stock is not a lottery ticket, it is part ownership in the business. If the business does well over the long term, so will the stocks performance. I am sure you have lots of examples in front of you -companies like ITC, HDFC, Ranbaxy, Infosys, and many more that have been doing well for decades, so have their stocks, if you held on to them.
Dada, its time you read a real Investing book, Try One up on Wall Street by Peter Lynch, to start with. You will forget about wasting time in evolving trading strategies, and invest the time and effort in picking real good stocks, as Peter Lynch practically shows you how to. (There are better books to start with, but I am guessing you will enjoy the anecdotal style adopted by Peter Lynch more than the slightly more academic but nevertheless excellent reads like The Intelligent Investor by Benjamin Graham)
If you want to build long term wealth, change tack NOW. Or else, if you have enough money to fritter away, keep trying at the 1: 99 odds!