DPZ Shares

How to save taxes in trading as an individual?  by @itsAdityaT   All the legal ways in which you can save taxes on the profits you earned from the stock market. 1: Split your money between family members. If you are trading with a good capital size, to lower taxes, you can always split your money in you family member's account. This greatly reduces your taxes. It gets even better if they are not earning any money from other sources as there's no tax upto a certain income slab. 2: Claim expenses: This is the best part. You can claim any expenses which are related to your business. It could be :  - Rent: Rent of your office. If you're working from your house you can partially claim the rent of the house too. - Devices: We can easily claim expenses on Laptops, mobile phones, ac, tv, fridge , etc. Anything that's related to the business. - Internet and electricity: You can claim deduction on internet and electricity bill. - Salary: Let's say if you hire someone. Then t...

I tried more trading strategies than I can count before finally landing on what has made me profitable today. Recognizing that a strategy is not for you can save you a ton of time and money. Here's how to determine if a trading strategy is NOT for you. 1. Can you easily understand it? There are tons of different trading strategies that work. If you cannot wrap your head around the concept/easily understand how and why it works. 2. Does it fit with your personality/lifestyle? Are you a full-time trader? Part time trader? How much screen time are you able/willing to spend on a daily basis? First answer these questions. Then weed out any strategy that does not fit your criteria... Example: If you are a part time trader who is unable to actively manage positions one minute to the next because of other responsibilities, you probably shouldn't be trying to learn scalping strategies! 3. Determine your risk tolerance How aggressive are you willing to be? Certain strategies cater toward...