I am A CA IPCC student , and want to generate money for my future business plans for withdrawal after 5 to 6 years.
I want to start my trading with just rs 2000 after the brokers fees of rs 750.
What i want to know is my plan seems to be working or not
My plan Goes as follows
" I buy a share seeing the top gainers in the last week but having a market price of less then RS. ( Ra ) 20.
for ex : the share i am seeing this week is Birla power which had its day opening and day low of 1.95 and a day high of 2.30
i want to buy that share tomorrow at rs. 2.25 or something near about and just earn 2 or 3 paisa
and also to this i want to buy and sell this stock like this 50 to 200 times in the 5 hours span "
is my plan feasible because this plan really seem to be really really tempting to me
because according to my calculation
money would get doubled in week if i earn 10 to 20% return daily
which in fact means my money would be really multiplied very very early into thousand and millions very quickly..!!
Can we really earn 1 - 20% "DAILY" doing day trading in stoc
Ankur (Student) (101 Points)
26 September 2010