Respectfully, i disagree.
Please do share the detailed analysis (if you can spare the time/patience).
Also, do add reference links and charts/diagrams/screenshots to get the points across effectively.
Maybe start a new topic-thread with that post?
Am sure others on the forum will appreciate any insights you may have to share.
Also some folks should be able to identify any blindspots in such an analysis
and highlight potential risk factors (if any).
Overall, i think it will be a fun and productive thread.
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I have conducted an hour-by-hour OI analysis of the indices over a period of six months. I am willing to write a dissertation on this subject if adequately compensated. However, I prefer not to share this work in a publicly accessible forum.
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Disclaimer: You may not like what you read below.
This is a good thing. Your ultimate inevitable loss will be smaller.
Markets are random and full of short term noise. Human mind was not designed to encounter such randomness. Reading useless books like Trading in the Zone by Mark Douglas won’t help a bit.
Zerodha is far from perfect but still best IMO
Get away with brokers who don’t even provide bracket orders. As a day trader, your chance is pretty slim already. Don’t make it more harder, without putting a stop loss, which is mandatory in bracket orders.
This doesn’t apply to legends who trade without stoploss or are trading legends in forums.
Espresso provides a better form of bracket order which they call MIS+, where you can just put the SL in absolute value/price and putting target is optional. Best thing is it doesn’t slice your orders into different legs.
That’s provides one of the quickest bracket order entry with risk in total control. And yeah, I have yet to see a technical snag.
Then other features like,
No brokerage on losses.
Instant withdrawal. This is also first in industry. If you transfer 50k for trading in the morning, and you already have done for the day before 10. Then you can make a withdrawal for say, 48000, it ll come in your bank in the same morning or afternoon.
Look I am no ambassador for espresso. So, I don’t like advertising for it.
Day trading is hard, don’t make it more harder cuz of your broker.
Else, you all have brains.
Is this sarcasm? If not then this is most naive comment in whole thread.