Student Trader ...please help

dhakkan · #11 5th July 2008, 09:51 AM

Quote:

Originally Posted by raedthakur

saint you summed up my position correctly.........

To begin with i am ready to fail and .......i understand that it will take more than playing around to learn the intricate working of the market.

but i have to start some where ...so lets see how things work out and for now i will work with the 10,000 and see how it goes ..........

whatever i learn in the process will only help....

thanks guys for all the support .......you people have been of tremendous support

so i will go ahead with share khan account........ will post on this forums if i have any more doubts ....

Hi,

Seems you got confused .... You are ready to fail.. WHY???
Read what Saint said.. again....

Quote:

Plan to fail and end result usually is failure .....No shocks or surprises,You got the result that you were aiming for.Plan to succeed.Learn how to........this forum is a great start.Lots of experience and knowledge here.Learn,experiment,try in small doses.......succeed.

raedthakur · #12 6th July 2008, 01:39 PM

ok...now i get it ...i didnt get it the 1st time....thx for pointing that out :P

don1520 · #13 6th July 2008, 02:47 PM

he bro dont worry i think ur amount it very sufficient for ur learning and bro dont go to any broker just try to start for ur own. just go and open a account in reliancemoney and they will give u five times money for the intrday trading and if u want u start trading for such type of amount then i think intraday is the best option for u and also it can give u instant profit per day. hope it can help u . and if required i will give u the idea to start intraday and u must earn 1000 in first day but u have to work heard and concentrate on the work. bye n best of luck.

AW10 · #14 7th July 2008, 06:44 AM

Raedthakur,
Please don't start in trading with "Plan to loose 10k". Market it ruthless place and if you are ready to give it 10k then tomorrow it wound't mind snatching 10k, 10 Lac or 10 Cr from you. Start with Plan to succeed in Trading business. Starting with Small account size is always advised. If you are serious to succeed here then put small part of 10k towards Learning (say 1 to 2k) - the basic knowledge of chart reading, trading, actual trading etc. You can't paper trade but do start with buying 30 /40 rs shares of Index or Group A companies. Use remaing 8k to execute small trades with strict risk stop loss discipline.
Focus on learning the tricks of the trade first. You can hit sixers later but first learn to wear the protective gears of batsman, holding the bat, swinging the bat etc.

Trading is tough business and your success here depends on your ability to protect your capital thru right money managment and risk management strategies..

All the best.

uasish · #15 7th July 2008, 09:05 AM

Introduction:=
1)1st go to any Busy Broker's Place,hang around ,get few acquintance ,get pally,hear few & all type of stories,for 1 week.
2)Learn the terminologies ,go thru this forum & internet for 2 weeks.

After this you may get the Hang of the Enviorment & Leechars,now comes Learning.
There are many ways to approach Trading.
1) Trend Following := Saint's Thread will help you from scratch to Graduation.
2) Understanding Internal Dynamics of Price Movement,'Profile':= Only knowledgeable Person in our Forum,can teach you the same within 10 months is very ellusive & rarely posts on the subject,but he has a golden heart,only you have to approach him privately,his ID is CV.
3) Arresting the Imbalance / Correlation / between Stocks-Indices,between Sector-Scrip,between Value & Price etc:= Few brilliant ID's are here in traderji & few works are in progress.
Knowledge of Statistics & Maths is essential.

Execution:=
If you can Master any one of these then the most difficult part is translating this knowledge to Money earning,this needs recasting Self.

Pay-Off:=

A south Korean in a span of 1 decade (a trader) is about to dislodge Warren Buffet in Net worth.A Lucrative proffession .

dev_177 · #16 7th July 2008, 11:24 AM

goodmorning.. i m new to this site and trading field as well. i want to know everything about share trading. for this i would like to seek a classroom programme(coaching) or similar guidance, can anyone let me know abt share trading classes in delhi (delhi south would be preferable). in simple words i want to invest capital in share market but first would like to know every aspect. please guide me for the coaching institutes

sudoku1 · #17 7th July 2008, 03:41 PM

The runner says "Its Possible but its Difficult".The Winner says "Its Difficult but its Possible".Always Think like Winner..!Its d spirit

big_bull · #18 9th July 2008, 08:04 AM

Quote:

Originally Posted by raedthakur

hey guys,

i am a student and still will be studing for 2 years.... my father has given me Rs 10,000 to learn about online trading by doing it on my own, i have some questions.

1) 10,000 is a small amount compared to the amount of money people bring in while investing ... so would brokers like sharekhan,indiabulls etc actually be a interested in opening an account for me after all i am just a student....?
(i have a hdfc savings account opened,pan card and all necessary documents )

2) i am not expecting any kind of returns from my trading...i will be happy if i don make any losses :P so what type of trading would you guys recommend me to start trading

3) or is 10,000 enough ?

4) i was thinking of sharekhan ...... is it alright coz i have read a lot on this forums how you are not able to log in at peak times?

5) should i start with a browser based trading or software one as i have heard its faster?

any help would be highly appreciated,

Thanking you in advance.

Hi Raedthakur,

I would like to tell you that Indiabull will be good for opening the A/c as the brokerage charges for intra & delivery are less. 10000 Rs is sufficient amount to start with. I had also started with the same amount a year back.
According to me, u first start reading the books on technical or fundamental analysis as in which u r interested in. & continuous visit to this forum and specially the post by SAINT will be more than enough to trade in the market.

big_bull...

fire_gun · #19 5th August 2008, 03:36 PM

do lots of paper trading before u enter with real money

khin007 · #20 11th November 2008, 08:05 PM

me too just finished engineering . I am a webmaster running several technology sites . I too wish to study from you guys here . thanks for the mods for setting up such a nice forum like this .

The Following 4 Users Say Thank You to uasish For This Useful Post:
AW10 (11th November 2008), kvram (12th November 2008), mradul_er (12th November 2008), yudhajeet (18th November 2008)