Hello Pranay,
Scalping is a trding style which calls for quick entry and exits. Achieving 6 points and above in ATM/ITM options means a move of 12 points in Nifty...which is bit difficult ....in scalping the trade has to workout immediately and you make 3 points or if it doesnot workout, you try to get out as a scratch trade or at max 1.5 to 2 points loss....no scope for thinking or tinckering with the stops....
ITM options are better as they have higher delta....options are better for scalping because of incidence of low STT and exchange charges which is very important in scalping.
From your questions it appears that you are more suited for intraday swing/flow trades than scalping....in intraday swing trades we observe risk/reward,running the profitable position and cutting the loosing positions fast,adding in profitable positions etc which give a much better R/R than scalp trades.....but scalping has its own beauty and charm.......
Try intraday swing trades in directions of larger timeframe or in the direction of the price flow.....I will try to post a few intraday charts showing the trades on both these methods to make your understanding more clear....will try to post them on the coming weekends..... as next 2-3 days will be very hectic being F & O expiry/new contract initial days...
Best wishes for your success....
Smart_trade
Scalping is a trding style which calls for quick entry and exits. Achieving 6 points and above in ATM/ITM options means a move of 12 points in Nifty...which is bit difficult ....in scalping the trade has to workout immediately and you make 3 points or if it doesnot workout, you try to get out as a scratch trade or at max 1.5 to 2 points loss....no scope for thinking or tinckering with the stops....
ITM options are better as they have higher delta....options are better for scalping because of incidence of low STT and exchange charges which is very important in scalping.
From your questions it appears that you are more suited for intraday swing/flow trades than scalping....in intraday swing trades we observe risk/reward,running the profitable position and cutting the loosing positions fast,adding in profitable positions etc which give a much better R/R than scalp trades.....but scalping has its own beauty and charm.......
Try intraday swing trades in directions of larger timeframe or in the direction of the price flow.....I will try to post a few intraday charts showing the trades on both these methods to make your understanding more clear....will try to post them on the coming weekends..... as next 2-3 days will be very hectic being F & O expiry/new contract initial days...
Best wishes for your success....
Smart_trade