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You should consider the following points
before engaging in day-trading. For purposes of this
disclaimer, a 'day-trading' or 'intraday trading' means an overall
trading strategy characterised by the regular
transmission by a customer of intraday orders to effect
both purchase and sale transactions in the same security
or securities.
Day trading can be extremely risky. Day
trading generally is not appropriate for people of
limited resources and limited investment or low risk tolerance. You should be
prepared to lose funds that you use for day
trading. In particular, you should not put large fund
for day-trading
activities from retirement savings, student loans,
mortgages, emergency funds, funds set aside for
purposes such as education or home ownership, or funds
required to meet your living expenses. Further, certain
evidence indicates that an investment of less than Rs
25,000 will significantly impair the ability of a day
trader to make a profit. Of course, an investment of Rs
25,000 or more will in no way guarantee success.
Any claims
or any inference of large profits
from day
trading
made in this web site
should be ignored. You should be wary of any statement that
directly or indirectly promotes the idea of potential for large
profits in day trading. Day trading can also lead to
large and immediate financial losses.
The Intraday trading system you will learn has
been tested and tried over several years in actual
conditions. Whereas, some days the result has been
excellent and exactly as per the analysis provided by
the software, there has also been numerous days and
times, when market volatility has nullified analysis. It
has to be understood that software doesn't control the
market. It has its own dynamics. A perfect Buy signal
can soon be negated by huge selling coming in
unexpectedly or market behaving abnormally on external
cues: NEWS OF EVENTS OR DEVELOPMENTS THAT AFFECT
SENTIMENTS.
There is no scope for
refund of the training fees paid by the client in advance.
However,
the client can CHANGE his/her option from
training to one quarter of trading calls. But this
option has to be exercised BEFORE attending the
training.
For those
who do not trade online or use the suggested
software for Intraday trading, the risks may be higher as
the delay in executing trades can lead to losses.
Also, many brokers do not extend
Buy-Today-Sell-Tomorrow facility to their
clients. This is also a disadvantage because
some times, a perfect buy signal may be
temporarily halted due to a sudden fall in the broader
market. It is, however observed, that in almost
every such case, the price of the particular
stock or index in which a Buy was given, bouncing back the
very next day, not only wiping out the loss of
the earlier day, but even delivering a handsome
profit the next day. Without BTST facility, the
client would be forced to book a loss. That's
why, it is suggested that trading is ideally be in Index
futures or stock futures - if the client has an appetite
for higher risks.
Let it be
understood that it is no longer 1998/9. It is
2008. We are no longer in 3500-6000 Sensex
levels. We are at 14,500 Sensex levels.
Naturally, many old established trading system -
specially the passive
buy-&-forget-till-profit-booked fashion of
intraday trading of 1999/2000 - are no longer
valid. One has to be flexible and attuned to the
constant and often, very large fluctuations in
the market. So in 2008, enter the intraday
trading market with a new approach. |
