Expectations and Evolution of an Intraday Trader

  Success in intraday trading and short term trading requires a very dynamic, alert, disciplined and cool headed strategist who can digest victories, survive defeats — and bounce back quickly from both. There are many people in the world who have made their mark, as well as made millions, in this field. So there is no reason to believe that it’s an unconquerable territory.        Yes, the territory is hostile and the punishments can be harsh because markets don’t forgive mistakes. The rewards, however, are equally enticing, and these rewards go well beyond monetary benefits. This field is only for those who are highly disciplined and willing to go the extra mile.       Using a Bollywood metaphor, and recalling a dialogue from the Hindi film Raees — siney mein aag aur dimaag mein thandak — fire in the belly combined with a cool head is the right combination of qualities that makes for a successful day trader.      A novice on D-Street often assumes that there are endless opportunities