Stock trading should be treated as a business and not a get-rich-quick scheme. If you get into intraday trading thinking it’s easier than it looks, then you will likely end up on the losing side…
Becoming a highly successful trader requires a real commitment to learning and improving, just as if you were going to school to become a doctor or lawyer. You wouldn’t give up after losing one case as a lawyer right? The same should go for trading.
KyaTrade app offers several high-conviction intraday trading and investment ideas anytime during market hours. It uses tonnes of data to generate sound strategies with well-defined entry, exit, stop-loss price, and automated position sizing.
In this article, we’ll cover the best practices you must employ with your KyaTrade Intraday Plan to improve your chances of winning in the market.
- Trade all
- Manual overriding of positions
- Capital of 2,00,000+
- Full-time job
- Risk-Reward equation
Trade all
To minimize your loss and maximize your gains, the best practice is to diversify and trade as many opportunities as you can with the “Trade All” option on KyaTrade.
Despite our best efforts to curate profitable ideas, not every opportunity will make money. Intraday trading is a game of probabilities. Given the number of moving factors in a stock on a particular day, there is a 50% probability that you will make money on every trade. Since there is an efficient risk management system in place, each position could give gains of at least 1.5-2% while the losses will be limited to only about 1%. The endeavor behind the app is to enable you to make more money on gains by letting your profits ride by cutting losses short, which will help you to minimize the drawdown on your capital. To elaborate further, there is an illustration of a coin-flipping example.
Suppose you invest Rs. 1,00,000 into a coin-tossing competition where if the coin lands on Heads, you make 2% on your bet and if it lands on tails, you lose 1%. Assuming a 50:50% probability for both Heads and Tails, the following table can give you a good idea as to how 10 such bets could look like:
| Trade No. | Investment Amount | Gain/loss (%) | Profit/ Loss |
|---|---|---|---|
| 1 | 100000 | +2% | +2000 |
| 2 | 100000 | +2% | +2000 |
| 3 | 100000 | -1% | -1000 |
| 4 | 100000 | -1% | -1000 |
| 5 | 100000 | -1% | -1000 |
| 6 | 100000 | +2% | +2000 |
| 7 | 100000 | +2% | +2000 |
| 8 | 100000 | +2% | +2000 |
| 9 | 100000 | -1% | -1000 |
| 10 | 100000 | -1% | -1000 |
| Total Investment and gain | 1000000 | 5% | 5000 |
With a probability of 50%, both Heads and Tails came 5 times each. But because the loss was limited (stop loss) at 1% and the gain was set at a higher level (Target Price) of at least 2%, the net return is 5% which means that in the bigger scheme of things if you strictly follow all the rules, you’re bound to win and make profits despite facing losses.
Not each trade is going to be successful, but the more trades you take, the better your overall outcome.
Manual overriding of positions
DO NOT override the recommended settings! The KyaTrade app suggests position sizing based on your available capital and by weighing the risks for your portfolio; altering the position sizes will hamper your overall returns.
Moreover, tampering the active positions by manually force exiting a trade is not recommended. Since KyaTrade comes with predefined entry, target, and stop-loss prices, prematurely exiting a position will only steer away from the original intended idea, and most definitely lead to a negative outcome. Let the profits ride till any of the exit conditions are triggered.
Premature exits are only recommended if Samco’s research prompts such an action based on their observation of the stock’s momentum.
Note: If Samco’s research decides to close an opportunity, you will get a prompt notification for exit, and you will have to manually exit the order from the app.
Capital of 2,00,000+
It is recommended that you hold a minimum capital of Rs. 200000+ in your Samco account for intraday trading with KyaTrade.
KyaTrade does not give penny stocks as intraday ideas; it suggests ideas in only the top 200 to 250 most liquid stocks with high trading volumes. Trading all ideas in such liquid stocks demands a capital influx because of the high ticket size. And it is only by deploying your capital in all the ideas in a systematic way as recommended by the KyaTrade app, that you improve your chances over time.
To make a living out of trading, you need sizable capital. It is like any business. You can’t make enough for a living with a small amount of money. It’s just math.
Full-time job
Michael Jordan didn’t win an NBA championship during his first 6 years as a professional player. New traders might get upset if they don’t make a living in trading after two weeks. But good things in life don’t come easy!
While day trading can be profitable, it is risky, time-consuming, and stressful. The majority of non-professional traders who attempt to day trade are not successful over the long term. Success requires dedication, discipline, and strict money management controls.
Risk-Reward equation
Opportunities are visible on the KyaTrade app only until the risk-reward ratio of the trade is favorable. Once it becomes unfavorable, the opportunity expires on the app and a trader will not be able to act on it. This helps the trader not bet on unfavorable trades which definitely end up making losses.
Follow these 5 best practices with the KyaTrade Intraday Plan to improve your chances of winning in the market.
And remember, only by educating yourself constantly, adhering to strict money management rules, and being prepared for the inevitable ups and downs that all-day traders experience, can you inch closer to your goal of creating a consistent income source through day trading.
Watch this short video by Samco’s Chief Markets Editor, Mr. Apurva Sheth, as he talks about the KyaTrade Intraday Plan in detail and the best practices you must employ to make the most out of your Intraday Plan subscription.
Trading on the KyaTrade app:
- Swipe right for ideas you’d like to trade.
- Swipe left to reject the idea.
- Swipe up for the next trading idea.
To help you get started on KyaTrade today, we have a special offer for you as well.
Special Offer of KyaTrade:
We understand that you’d like to experience KyaTrade before committing to our subscription plans. This is why we’re offering the first-month starter pack for just Re. 1.
We also give you a 100% refund guarantee* on your subscription fees, in case you don’t make money on our Investment Plan recommendation. *Read T&Cs
KyaTrade app access:
- For existing clients:
You can log into KyaTrade with your existing Samco account; use your Samco client code and trading password to access KyaTrade and start trading and investing right away! - For non-existing clients:
Since KyaTrade is a Samco exclusive product, you need to have a Samco account to access it. To get unrestricted access to KyaTrade today, open a free Samco account now →
Without further ado, download the KyaTrade app and start trading and investing with high-conviction ideas today.
Download KyaTrade App Now –>
For more info, visit the KyaTrade website: www.kyatrade.com
If you wish to suggest additional features or give feedback on the app, please write to us at mobileapps@samco.in with your user ID; we’d love to get your inputs to further improve our application and deliver better trading and investing experience for you.
Important links:
KyaTrade Introduction | KyaTrade Investment Plans | KyaTrade IntraDay Plans | KyaTrade Pricing | KyaTrade FAQs
You said,
‘It is recommended that you hold a minimum capital of Rs. 200000+ in your Samco account for intraday trading with KyaTrade. ‘
I manage the fund in my Samco account, but,
when I chose “Trade All” option, It shown ‘Fund insufficient’ !!!
Hello Sir,
As it is said that a minimum capital of Rs. 2,00,000 is required, it doesn’t mean that you’ll get to trade all the opportunities with the said amount. The maximum amount can be a much higher number.
We hope this resolves your query. For more information, kindly reach out on +22 2222 7777 or raise a ticket on http://www.samco.in/support, our team will assist you on the same.
Looking forward to serving you soon.
Thanks & regards,
Team Samco