Both styles have their pros and cons. It eventually comes up to your trading style.
Let’s find out which style will suit you the best.
Trades taken for the day, squared off or positions closed before 1530 h. Its most speculative. Its like you are sitting in a train, buying a ticket from Place A to Place B, but ticket is for just fixed 6 hours (09:15 to 15:15 hours). You dont know how much time train will take to reach the destination, but you will be forced to get down after 6 hours. With or without reaching destination.
Result: More Tension, Anguish, High BP, High Risk, Short term capital gain tax!
Short Term Trading:
Trades taken for few days or weeks. Again destination is clear. But, your journey is time bound. You will be forced to get down, after that period. But, you still have more time. More flexibility. More likelihood of reaching destination. But, again, You may or may not reach the destination.
Result: More Flexibility than intraday trades, lesser tension, Higher Brokerage, Short term Capital gain tax!
Long Term Trading:
Infact, Long term is not trading, its investing! So, this is the journey where you are sitting in train calm and quiet. You will reach your destination, assured, not worried about the time taken! Enjoying journey to destination!
Result: Utmost flexible, No tension, No Short term capital gain tax, if you dont sell, no tax at all!
Its up to you, whether you want thrill of fast drive, or peace of Safe Drive!
Somehow, I like to drive safe.
Thanx for reading🙂
Follow CoverOrder telegram channel
Please Share if you like it.😉