If you're starting as a beginner in stock market, you'd do way better by avoiding intraday altogether and focusing on positional/weekly trades using a higher time frame analysis. You make fewer decisions, decisions have longer time to play out, and you don't pay more commissions.
Part of getting rich in stock market is not being dumb. That makes sure 90% of dumbasses coming into the stock market hoping to make their yearly salary in a month or a week go bust. Coz these are dumb people who blow away money like we burst crackers. Poof and gone.
Also, as a beginner, don't touch FNO without knowing what you're doing. If you are keen on touching FNO, educate yourself thoroughly, ins and outs of the mechanisms of the fno market and then get in - with just 1 lot. Experiment with 1 lot and then scale as you grow.
Play only with cash and carry, analyse stocks using charts and play longer time frame. Even if it is 100-200 rupees, see how you play it out. See if you can identify setups and buy 1 or 2 shares of that stock and see how far it goes. Rinse and repeat.
If a stock is 300-400 rupees, and you're seeing a particular setup in that stock, buy 1 share. Doesn't hurt. Delivery is free. You'd pay stt/taxes but they'll be negligible. What you have to do is first observe and skinny dip. Once you see consistency, you can scale up.
If you can consistently make average of 5 points in every trade you put on, at 1 share a trade, it's not much. As you get consistent and go to 100 shares, you make 500 per trade on average. When you go to futures, it's atleast 1000-2000 unit per lot, and you make 10k on average.
This is how you approach trading. Not with making 45 lakhs in 6 days approach shooting in the blind, starting with option selling or anything. You see 45 lakhs in 6 days as the headline. A rational person would ask - "under what capital?" It could be 25 crores.
When you make 45 lakhs in 6 days out of 25 crores, that's like 2% return. Highly ambitious, high risk, but definitely not possible. But you come in with 1-2L capital and hope to make 45L in 6 days, you're surely going to part away with all your capital.
You must not look at absolutes, but at % terms. As you grow, that's what will matter a lot more than absolute terms. Even as an educated person, 45 lakhs in 6 days may sound alluring. But think about what kind of work has gone into it over the years in order to get to that place.
Any legit investor/trader who is able to make 45 lakhs over 6 days, even with 25-50 crores of capital, has to have had YEARS of market experience, developing good intuition, instincts to know where to place the trade and where to exit. Do not try to emulate that from get go.
Coz you will fail. And you will fail hard. And you'll be one of those messaging MTM traders telling them you have lost 30L 50L 80L so far, asking them how to recover it, to teach you to trade, etc.
As Al Brooks says, first focus on making 5 points per trade in 1 share. Then 10 shares. Then 100 shares. Then 1 lot. Then 10 -> 100. You don't need anything else. Pick up 1 instrument, study it daily, master the way you find setups, wait for setups and play. Build consistency.
Once you do all this and once you have a certain level of success, then you can look into diversifying. All this hoola hooping going around workshops, webinars, seminars, etc., are useless if you can't trade.
Make use of whatever books/videos available online. Take REAL trades on your broker platform, but start with higher time frame, and only 1 share of any nifty50 shares, preferably ones within 100-500 rupee range. Keep your risk capital less, risk lesser, and just learn.
Observe and learn for one year, and build consistency. And then slowly scale up. If you do this, over 5 years, there's no way but up and about consistently making money.
