Intraday Trading or Swing Trading – Which one is right for you?

Intraday Trading or Swing Trading – You can make money via the stock market by doing day trading or by doing investments. The person who buys and sells stock frequently is called a trader whereas a person who invests money in the stock for a long time is known as an investor.

When it comes to trading there are multiple trading methods available. This includes standard trading, momentum trading, intraday trading, swing trading, etc.

The basic idea behind this post is to discuss the difference between Intraday Trading and Swing Trading so that you can decide which method is right for you.

intraday trading swing trading

Intraday Trading

Intraday trading means buying and selling stock of financial securities on the same day before the market closes. This means trader exit their position every day before the closing of the market. Intraday trading is done to make a profit. This means day traders look for profit from short-term market volatilities.

For example, I am a day trader and I purchased 10 shares of Infosys at Rs.1350 per share on 28th March 2023 at the time of opening the market. After 2 hours share price reached Rs.1390 and I sold all 10 shares at Rs.1390. In that case, my day trading profit would be Rs.400.

Swing Trading

Short-term swing trading involves traders holding securities for longer than a day, then exiting their positions after a short period. The name swing trading is given as the trader wants to take benefits of short-term swing in the stock. In swing trading, both fundamentals and technical parameters are taken into account for the selection of securities.

For example, My friend Hardik is a swing trader. He purchased a stock at Rs.1110 after noticing a bullish signal and he put a stop-loss at the recent low of Rs. 1050. He found the stock increasing in the two weeks, and an opportunity to gain Rs. 50 per share. He checked the fundamentals to strengthen the trade. After evaluation, he sold the stock for Rs. 50 per share profit.

Difference Between Intraday Trading and Swing Trading

Trading Pace 

One of the key differences between day trading and swing trading is the trading pace or trading frequency. Day trading is fast and reactive in nature. It involves entering and exiting multiple trades within a single trading day. 

Swing trading is slower-paced and patient. Swing traders open and close multiple positions over a few weeks. Therefore, trading pace & frequency is higher in day trading as compared to swing trading.

Attention required

 A day trader is required to invest around two hours every day to monitor and track short-term price movements. It can be termed full-time employment. A swing trader usually doesn’t take up trading as a full-time job and invests less amount of time. This means day trading required more attention compared to swing trading.

The number of transactions

Day trading involves more transactions as compared to swing trading. Day traders make plenty of transactions daily, whereas swing traders enter a less amount of transactions and exit after a few days or weeks.

Level of Monitoring 

Day traders make use of advanced charting systems. They monitor the trade every 5,10 or 30 minutes. Day trading requires frequent monitoring. Swing traders make use of less complex charting systems and the monitoring interval is also low. 

Cost

Since brokerage fees increase with more frequent transactions, the costs are higher in day trading. Therefore, day trading involves higher costs as compared to swing trading.

For example, if a trader bought shares three times within a day, each time he will have to pay the brokerage. Swing traders buy the shares and hold them for two weeks. They will have to pay the brokerage fee a single time.

Requirements 

Day trader requires a special type of brokerage account where brokerage charges are low. Day trader also requires a special type of trading software with charting for doing in-depth study before securing any position in the market.

Suitability

Traders who are capable of making quick decisions are suitable for day trading. Furthermore, it is suitable for traders who can devote most of their time to trading. Day trading is also less beginner-friendly.

Swing trading is a good option for traders who have little trading experience. Moreover, traders who cannot dedicate more time to trading can opt for swing trading.

Position Square Off

A swing trader can square off positions according to their convenience. whereas day trader has pressure to square off their position on the same day. Thus swing trading can be very profitable with a good strategy and proper risk management.  

Intraday Trading or Swing Trading – Which one is right for you?

Trading in the stock market has become a full-time profession, especially day trading. It requires skill, knowledge, and a lot of experience. Both Intraday and Swing Trading is a good methods for doing trading. However, both have their own advantages and risks. You need to select your trading method based on your skill, experience, goal, trading pace, and risk-taking capacity.

If you are trading for the first time it is advisable to learn it and for that, you can try swing trading. Swing trading is a good option for the beginner. It is a slow pace and helps you to decide at peace. Additionally, you do not need full-time attention to do swing trading. 

But, if you are experienced and you know how the market works. You have traded in stock before you can think of becoming a day trader. You require proficiency in reading charts and taking quick decisions on trade positions. Your risk-taking capacity should be higher and you should be able to spend more time doing day trading. You also need to undergo training or a course to become a day trader. 

In short your decision of becoming a day trader or swing trader depends on a lot of factors. Both these trading types has own set of benefits and drawbacks. You need to select your own trading method day trading or swing trading. 

How to Download Property Card Online?

The Property Card issue scheme is launched under SVAMITVA SCHEME by the government of India. A property card is a document that contains all the details of a property. It is a new initiative taken by the government of India. Property card includes information such as the owner’s name, property location, property boundaries, area of the property, taxes, and any liens or mortgages attached to the property. 

Property cards are maintained by local land records departments, and they are used for legal and administrative purposes. It is important to have a property card when buying, selling, or transferring property, as it provides a comprehensive record of all the relevant details of the property. In this post, we will take a look at the 5 important points about property card. I will also share the method to Download Property Card Online.

poperty card

5 Important Points about Property Card

#1 You can get a property card if your property is under TP

Property card is issued for every property covered under the town planning scheme. If your property is under TP you can get a property card. You need to visit the local city survey office. At the city survey office, you need to fill out the required form for getting a property card. You need to attach various documents such as registry documents, property bill documents, and in some cases additional documents such as a master file or property plan.

#2 Property Card Format & Details

The property card formats are different for different states. In some states, property cards are issued in regional languages. You can get format details on SVAMITVA portal under the download section.

Property card contains important information such as City Survey Number, T. P. No, F.P. No, Area (Sq. Meter), Use of property, Name of the holder, Mortgage detail, Other rights, property plan, etc. 

#3 Details about Rent & Loan

In case the property is given on rent, the property card also contains the detail about the tenant. This card also contains details about the property transfer history. This card also contains details if any loan is taken against this property or property is placed on a mortgage or not. This card also contains details about Neighbor right.

#4 Property Card Online Application

As of now the facility of applying for a property card online is available in the selected states. In the states where this facility is not available, you need to visit the local city survey office to apply for a new property card. You need to pay a fee to get a property card.

#5 Selling property without Property Card

The property card is an additional document. It is not mandatory. You can sell your property without a property card. You need to have the municipal property tax bill, sale deed, allotment letter, share certificate, city survey record, and 7/12 document (Satbara) records.

How to check Land Records of Property Online?

The method of downloading the property card is given below.

How to Download Property Card Online?

Gujarat State

Follow the process given here to download the property card from Gujarat State.

Step 1 – Visit e-Milkat website. 

Step 2 – On this website, you will find two options. One of for city records and the second is for rural records.

Step 3 – On clicking city records you would be taken to the next page where you need to select district and enter property details such as city survey number, ward, sheet number, etc. 

Step 4 – After filling up the details you need to click on the Get Details button. Your property card would be displayed.

In the case of village/rural records, you can get a digitally sealed property card. The process of getting a sealed property card is the same. However, here you need to pay additional fees to get a sealed property card.

Maharashtra State

Follow the process given below to download the Maharashtra State property card. On this portal, you can get digitally signed 7/12, 8A, and property cards.

Step 1 – Visit Mahabhumi website. 

Step 2 – Click on the New Registration button and fill up the registration form.

Step 3 – Once your ID is registered you can apply for a property card.

Step 4 – You need to search for property records by inputting the search criteria.

Step 5 – You need to pay fees to download the digitally signed property card.

Over to you

I hope the method given above for downloading property cards helps you in getting information about your property records. In case you are facing any difficulties you can get in touch with me at sk@moneyexcel.com.

Job to Business – Scripted Life to Unscripted Life

How to move from Job to Business – Scripted life to unscripted life. Recently, one of my friends asked me this question – I am doing a job, is it good to start my own business? Can you share your thoughts on the same?

Job in my opinion is modern-day slavery. Today, many people are living a scripted life. Scripted life means jugglery that doesn’t allow you to think beyond the limit. Well, it is not your fault.  

Because from childhood, you have been programmed for scripted life by different people. Go to School, Get a Good Grade, Get a Degree, Get a Good Job and Life would be settled. 

You are being programmed to do a job. However, if you are in a job and planning to start your own business here are 4 life-changing principles from the book Unscripted by M J Demarco.

job to business

Job to Business – Scripted Life to Unscripted Life

#1 Become A Producer Not A Consumer

In 1926, World’s Work Magazine has published an interview with a big businessman. In this interview, the question asked was – Why you have started giving two days’ leave to your worker for the same salary? 

The answer given by the businessman was, “Consumption Powers the scripted Mechanism”. He said, “Workers are producers and they are consumers”. By giving more leave they will try to consume more, clothes, food varieties, facilities, and services. By which consumption will increase. And to fill that consumption. We will ask them to produce more stuff like clothes, and food varieties from them. By which our profit will increase. And they will get trapped in this system.

For example, to buy an expensive smartphone, if you have to spend your monthly salary, Then remember that you have worked 30 days not for yourself but for that smartphone company. And if you want to get rid of this trap. Then you have to change your side.

You have to become producer from consumer. If you will consume less then you will have more time to produce.

There is a very good quote – “In a gold rush, don’t dig for gold, Sell shovels”. This means When the whole world wants to dig for gold, Then instead of digging for gold, Sell the things that will be used for digging the gold.

Many people complain that influencers, actors, and cricketers earn more money than doctors. At that time they are not aware of the “Law of Affection”. The law of affection means the more people you will affect positively, the more money you will earn.

And this is the reason that actors, cricketers, and influencers earn more than doctors. Because thousands of people go to see movies, cricket matches, or shows of influencers by buying tickets for thousands of rupees.

They make money in various ways including advertisements, affiliate marketing, and many more. Many people even purchase recommended products from influencers. 

This means cricketers, actors, and influencers are money-making machines. They affect millions of people and by which, they also earn millions of dollars.

The law of Affection says that You can earn $1M in two ways. One is “Affect a lot of people” which is called Scale.

And the second is “Affect people a lot” which is called Magnitude.

Scale means selling a $10 product to 1 lakh people. And magnitude means selling a $100000 product to only 10 people.

This magnitude technique is used by many brands like Louis Vuitton, Zara, Armani, and many more.

If you also want to start any business, you should focus on magnitude instead of scale. 

#2 Don’t Chase Events, Follow The Process

The top performers, you see on stage or on screen, are the result of deliberate practice done for many hours behind the curtain.

People living scripted life think that actors make blockbuster movies suddenly. They think that some youngsters make mobile apps that become multi-million dollar companies.

In actuality, it is not like that. There is a very long process hidden behind every event. That many people don’t see.

That I’m telling you by giving a real-life example. When you go to the mall to buy some groceries, then notice the things in others’ carts, almost 90% time you will find it’s an exact match.

Like in someone’s cart, if you see wafers, drinks, cookies, or fast food, then their body will be something like that.

Because the things they purchased will eat for weeks. This means they bring a chain of processes from the grocery stores. And the end result of that process seems to be their fat body.

You would have seen such people. After getting a business idea, they first make a logo and business card. In which is it written, founder and CEO of XYZ company. At that time they are the CEO of a company that has no products, no customers, and no profits, This process is known as Action Faking. Action faking means facking action without taking actual action.

For example, buying Nike Shoes before joining the gym is “Action Faking”. But going to the gym regularly by using the things available to you is Action Taking.

To come from scripted life you have to be an Action Taker not an Action Faker.

Because the owner of an idea is not who imagines it first. but one who executes that idea first.

The best example is Elon Musk. Because World was talking about Clean Energy, Electric cars, and trucks. And Elon Musk presented it to the world.

Elon thinks that people want the best solution to their problems. They don’t care about your Degrees, Marks, and Awards, So the things that matter is your Output and nothing else.

But you have to follow that process to get the desired output. Because Amazon also starts with one-line coding. And Harry Potter Book Series also started with writing a paragraph.

#3 Build A Brand, Not Just A Company

You have to build a brand not just a company. Have you ever asked a shopkeeper? Does the inventor of the product you are buying have a college degree or not? Never, why? 

Because a good product matters to you, not the degree of the inventor.

You also choose a doctor by the people’s recommendation not by seeing a degree. So if you build something and then made it a brand, not just a company, you can sell products or services at your own cost.

For example – Have you ever seen Ads for sports car companies like Ferrari or Lamborghini?

You will never see. Because they don’t run TV ads. Because they know, The people who watch TV. They don’t have so much money, that they can buy their cars.

“Be Specific”, don’t sell your products to anybody. Everybody will not buy your product.

And you can not create a brand with only a logo and website. But it is earned by your constant action and reputation.

#4 Graduation Is Not The End Of The Education

Many people don’t try to read or learn after graduation. They think that graduation means the end of education. But it is not true.

Your real-life starts after graduation. How you will use the things you have learned up till now?

You should keep learning even after graduation. The information you need to learn something, that is available on the internet.

Only you have to prioritize step by step, the solutions to the problems you want. When people start reading. Then they have a question. Which book to read? Then the answer is you should read the book that will give the best solution to your current problems.

This means If you have no money then reading books related to investing will be waste of time. Instead, you should read some books that teach you some skills. 

By which your earning increases. If you are a student. Then first focus on Self-discipline and Habit building.

You can come out from a scripted life job by learning something and implementing that in real life to solve people’s problems. 

So keep learning and keep growing.

Many great inventors and entrepreneurs in the world like Steve Jobs, Henry Ford, Sam Walton, and Elon Musk have lived an Unscripted Life.

I hope these 4 principles will help you to move from Scripted Life to Unscripted Life.

How to do mutual fund nomination online? – CAMS & KFintech

You have to update your nomination details in your existing Mutual Fund investments (Folios) on or before September 30, 2023, failing which folios shall be frozen by Asset Management Companies (AMCs) for debits like Redemption/SWP/Switch/STP. This is as per SEBI Circular. 

You must have read my last post on adding or updating the Demat account nomination and updated your Demat Nomination. In this post, I will be sharing a method to update mutual fund nomination online. You can update your all folio nomination in a single go using this facility.

mutual fund nomination online

How to do mutual fund nomination online?

You can add or update your mutual fund nomination online at CAMS and KFintech. Follow the method given below to update your nomination.

#CAMS 

Step 1 – Visit CAMS Online form of Change of Nomination.

Step 2 – Enter the investor PAN card number for which you want to update or change the nomination. Press the Next button.

Step 3 – On the next page you will be asked about the OTP option – “How do you want to receive OTP?” you can opt for a mobile or e-mail option.

Step 4 – On selection system will send OTP to your registered mobile number or e-mail address.

Step 5 – Enter the OTP and press the next button.

Step 6 – On the next screen you will be prompted to select a mutual fund house for changing nomination. You have the option to select a single fund house or all fund houses at a single go.

Step 7 – On pressing next you would be prompted with the mode of holding and action. You can either register the nominee, change/update the nominee or opt-out of the nomination. 

Step 8 – In the next tab you need to enter the Name of the Nominee, PAN Number of the nominee, DOB, allocation percentage, and relationship with the nominee.

Step 9 – Click on submit button after adding data. The system would generate OTP and on validation of OTP, the nomination would be updated in that portfolio.

You need to give nomination detail for every mutual fund folio number.

At CAMS online you can update the nomination of the following mutual fund houses.

  1. ADITYA BIRLA SUN LIFE ASSET MANAGEMENT COMPANY LTD
  2. DSP MUTUAL FUND
  3. FRANKLIN TEMPLETON MUTUAL FUND
  4. HDFC ASSET MANAGEMENT COMPANY LIMITED
  5. HSBC ASSET MANAGEMENT INDIA PVT LTD
  6. ICICI PRUDENTIAL MUTUAL FUND
  7. IDFC MUTUAL FUND
  8. IIFL ASSET MANAGEMENT LTD
  9. KOTAK MAHINDRA MUTUAL FUND
  10. MAHINDRA ASSET MANAGEMENT COMPANY PRIVATE LIMITED
  11. PPFAS ASSET MANAGEMENT PRIVATE LIMITED
  12. SBI FUNDS MANAGEMENT PVT LTD
  13. SHRIRAM ASSET MANAGEMENT COMPANY LIMITED
  14. TATA MUTUAL FUND
  15. UNION ASSET MANAGEMENT COMPANY PRIVATE LIMITED

#KFintech

Step 1 – Visit KFintech Mutual Fund Nomination Update Link.

Step 2 – Enter the Investor’s PAN Number select the mode of holding and Folio Option.

Step 3 – Select Mobile Number E-mail ID from the Drop down menu.

Step 4 – Click on the Generate OTP button.

Step 5 – On OTP validation your portfolio would be displayed on the screen.

Step 6 – Select the Folio number and the form would be opened to enter nomination details.

Step 7 – Enter the nomination detail and click on the save button.

Step 8 – OTP would be generated for validation and your nomination would be updated or changed.

At KFintech you can update the nomination of the following mutual fund houses.

  1. AXIS ASSET MANAGEMENT COMPANY LIMITED
  2. BNP PARIBAS ASSET MANAGEMENT INDIA PRIVATE LIMITED
  3. BOI AXA INVESTMENT MANAGERS PVT LTD
  4. CANARA ROBECO ASSET MANAGEMENT COMPANY LTD
  5. EDELWEISS ASSET MANAGEMENT LIMITED
  6. IDBI MUTUAL FUND
  7. INDIABULLS ASSET MANAGEMENT COMPANY LIMITED
  8. INVESCO MUTUAL FUND
  9. ITI ASSET MANAGEMENT LIMITED
  10. JM FINANCIAL ASSET MANAGEMENT LIMITED
  11. LIC MUTUAL FUND
  12. MIRAE ASSET GLOBAL INVESTMENT MGMT INDIA P LTD
  13. MOTILAL OSWAL ASSET MANAGEMENT COMPANY LIMITED
  14. NAVI MUTUAL FUND
  15. NIPPON INDIA MUTUAL FUND 
  16. PGIM INDIA ASSET MANAGERS PVT LIMITED
  17. Quant Mutual Fund
  18. QUANTUM ASSET MANAGEMENT COMPANY PVT LTD
  19. SAMCO MUTUAL FUND
  20. SUNDARAM MUTUAL FUND
  21. TAURUS ASSET MANAGEMENT COMPANY LIMITED
  22. TRUST MUTUAL FUND
  23. UTI MUTUAL FUND

I hope the details given above will help you in updating your mutual fund folio nomination. If you have any issues updating nomination details you can visit the mutual fund’s website or visit your DP office to fill up the nomination form.

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