Interesting observation with last 6 years data of BankNifty.
It shows whats the over all returns from 2017 to 2023, how much of these returns have come from overnight vs intraday.
It clearly shows intraday movement is largely muted, in fact its opposite of overnight returns, largely negative and maximum returns have come from overnight moves.
Included Year wise data , which clearly shows after 5 years, this year intraday returns are largely negative. The last time intraday returns were negative was in the year 2017 when volatility was extremely low.
A tour of The New Trading for a Living
... a key paragraph or two from every chapter...
Ch 4 – Why Trade?
“The goal of a good trader, paradoxically, is not to make money. His goal is to trade well. If he trades right, money will follow almost as an afterthought. Successful traders keep honing their skills as they try to reach their personal best.”
This is the verified profit from my smaller account, not some 1 lakh or 70-80k from mutual funds 😂. Please watch it until the end, guys.
video credits-@intrader_in