I was in my office when a marketing person from a broking firm came to me and offered a deal. He asked me to open a demat account and day-trade based on their advice. They promised, almost, that I will make 2% every day. I was astounded by this proposal. 2% every day means 400% every year, assuming the market is open 200 days a year. This means I will have 6 crore and 25 lakhs after 4 years if I start with 1 lakh today, thanks to the power of compounding. Amazing return, isn’t it? Where are you Mr Buffet? If this is so easy, I wonder why many people who day-trade, are not millionaire and billionaire. I am not trying to criticize people who do day-trading. This is certainly a legitimate practice and there have been speculators who have made killing in the market by day-trading.