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A trading plan for day trading (intraday) and for delivery based trading (investing) is must to become successful in the share market. But it has been observed that most of the new comers don't create a trading plan rather they enter into share market to become rich in single day or in very short duration. The following are few points to be included while creating the trading plan, the experienced traders can include more points but following 5 points are basic and very essential points to get success in trading shares, futures and options, Forex trading, commodity trading etc 1. Your trading objective (reason for trading) 2. What and when to trader? 3. Taking care of your money 4. Maintain your trading historyCreating a trading plan to become successful traderYour trading objective (reason for trading) First, we have to define our trading objectives. Why are you trading? What is your end goal? But mostly new comers to shares market and traders are completely out of goals. For exam...

If traders follow a simple strategy called "Take small profits and do multiple trades" which is explained in following example, the traders can easily double money in a single year. That is 10% per month equals 120% per year, which is more than double. Let's take the following example Taxes to pay for intraday trading 1. The Service tax is 10.36% only on brokerage.(Update July 2011- The service tax is reduced to 10.36% including education cess) 2. The STT (Security Transaction Tax) is 0.025% only on selling amount. 3. The Stamp duty on total turnover for a day which is 0.002%. 4. and finally you have to pay Regulatory charges on total turnover for a day which is 0.004% No need to worry about these taxes as all these taxes will add up to very small amount at the end of the day compared to intraday profits. Let's see how in following sub sectionsWelcome to Indian Share MarketServing Since 2007 Home|Free Technical Charts|Our Target|Contact us|Suggestions/Complaints|St...