Comment on Kite Connect APIs for programmatic access
commented on
28 Apr 2016, 01:13 PM
Hi Nithin ,
I am an aspiring trader and want to be a trader full time someday(hopefully in a few years) . I want to know what the realistic number a trader can expect while trading the Indian markets keeping in mind our tax system and trade expenses. If i buy a stock how much percentage should the stock go up (like in percentages, 4% or 6%) to cover the capital gains tax and other expenses to start getting money i can use for myself(real returns ). suppose if i bought Infosys shares at 1200 for 50 lakh in june (i know diversification is a must but for the sake of the example:) )
1. how much % should the stock move up to start giving me the real returns as i mentioned above?.
2.Would it be advisable to be a trader who exits after a 10% gain ?