Hello Guys, how you doing? hope all will be fine.
Guys I am a option trader basically and had never traded futures, looking at the pros of futures being no "time decay" advantage i thought to give it a shot but to my surprise what i expected was totally opposite, I planned to do a price action scalping for 5-10 points on 1 min time frame on NIFTY but what i did not knew that a heavy brokerage burden was waiting for me..
I have my account with UPSTOX pro, with flat 40 rs per trade, but being a newbie to futures it came like a shocker! STT and tons of other charges came with vengeance. i managed to get 22 points on nifty but all in vein, infact i was sitting in loss!
Is that you guys do future this way?? what i need to understand? what best i can get out with the futures segment??
with increase in LOT size the STT goes in Thousands of rs i just cant get how so many people get away with futures??? its like DONATING money to GOV and making you broker rich!!
Please guys tell me your way of handling futures! thank you
Guys I am a option trader basically and had never traded futures, looking at the pros of futures being no "time decay" advantage i thought to give it a shot but to my surprise what i expected was totally opposite, I planned to do a price action scalping for 5-10 points on 1 min time frame on NIFTY but what i did not knew that a heavy brokerage burden was waiting for me..
I have my account with UPSTOX pro, with flat 40 rs per trade, but being a newbie to futures it came like a shocker! STT and tons of other charges came with vengeance. i managed to get 22 points on nifty but all in vein, infact i was sitting in loss!
Is that you guys do future this way?? what i need to understand? what best i can get out with the futures segment??
with increase in LOT size the STT goes in Thousands of rs i just cant get how so many people get away with futures??? its like DONATING money to GOV and making you broker rich!!
Please guys tell me your way of handling futures! thank you