Trader's slam

Hi,

Traderji has been the greatest learning resource for me ever since i took up trading 6 months back. Just thought of compiling a list of questions which once answered could serve as a good roadmap for others embarking on the trading journey.

Hope its not a nag and doesn't take too much of your time/ effort answering.

Ps: I'd suggest that we can copy paste the questions and respond-in line.

Cheers!

The questions....

1. How long since u began trading?

2. Initial investment in trading?

3. Trading for a living or as a part time activity in addition to your deskjob?

4. Nature of your trades intraday, Swing, Long term?

5. How do you trade gut feel, TA, FA, some other technique (please mention)?

6. First tools in TA?

7. How long after first trades did you begin using trading software?

8. After how long did you decide to become a full time trader?

9. No. of scrips you are invested in at any point of time?

10. How do you set your targets for exit in swing/ longterm trading?

11. How much ROI do you look for in an options intraday trade?

12. Your recommendation on books/ resources for TA ones youve applied

13. Greatest mistakes in trading?

14. How do you ensure not to get carried away - coping with fear & greed/ keeping emotions in check

15. Any advice for beginners/ fellow traders?

45 views, yet noone's responded?!!!

Re: The questions....

1. How long since u began trading?
Ans : completed 3 years on dec'2011

2. Initial investment in trading?
ans : 2 L

3. Trading for a living or as a part time activity in addition to your deskjob?
Ans : i trade for a living

4. Nature of your trades intraday, Swing, Long term?
Ans : pure intraday

5. How do you trade gut feel, TA, FA, some other technique (please mention)?
Ans : TA

6. First tools in TA?
Ans : 3-13-39 ema crossover

7. How long after first trades did you begin using trading software?
ans : 1 year

8. After how long did you decide to become a full time trader?
Ans : 2 years.

9. No. of scrips you are invested in at any point of time?
Ans : only NIfty options

10. How do you set your targets for exit in swing/ longterm trading?
Ans : depends on the phase of the market

11. How much ROI do you look for in an options intraday trade?
Ans : i look for 5-6% ROI per month.

12. Your recommendation on books/ resources for TA ones youve applied
Ans : Your trading coach's Price action trader.

13. Greatest mistakes in trading?
Ans : Repeating the same mistake for the third time.

14. How do you ensure not to get carried away - coping with fear & greed/ keeping emotions in check
Ans : Once in a trade, place exit order and stoploss order simultaneously. One gets taken out, remove the other.

15. Any advice for beginners/ fellow traders?
Ans : Treat trading as a business. Any business needs experience and knowledge to succeed. preserve your capital till you achieve consistency in results. Then slowly increase lot size.

1. How long since u began trading?
FT - 2 Years

2. Initial investment in trading?
FT - 1L

3. Trading for a living or as a part time activity in addition to your deskjob?
FT - Parttime

4. Nature of your trades intraday, Swing, Long term?
FT - Only Swing

5. How do you trade gut feel, TA, FA, some other technique (please mention)?
FT - TA

6. First tools in TA?
FT - MA

7. How long after first trades did you begin using trading software?
FT - 2 months

8. After how long did you decide to become a full time trader?
FT - Not yet a full time trader

9. No. of scrips you are invested in at any point of time?
FT - 5

10. How do you set your targets for exit in swing/ longterm trading?
FT - Look for reversal signals

11. How much ROI do you look for in an options intraday trade?
FT - Not traded in Options much

12. Your recommendation on books/ resources for TA ones youve applied
FT - Traderji.com

13. Greatest mistakes in trading?
FT - Early booking of profits

14. How do you ensure not to get carried away - coping with fear & greed/ keeping emotions in check
FT - Keep exposure to markets limited

15. Any advice for beginners/ fellow traders?
FT - Don't take trading if you think it's gonna make your rich overnight

1. How long since u began trading?
Ans: 2 and half years.

2. Initial investment in trading?
Ans: 1000/-

3. Trading for a living or as a part time activity in addition to your deskjob?
Ans: Part Time

4. Nature of your trades intraday, Swing, Long term?
Ans: Purely intraday in cash segment.

5. How do you trade gut feel, TA, FA, some other technique (please mention)?
Ans: Price action

6. First tools in TA?
Ans: EMA

7. How long after first trades did you begin using trading software?
Ans: Never. Used trading software to backtest a strategy once.

8. After how long did you decide to become a full time trader?
Ans: Still a part time trader who trades daily apart from my desk job.

9. No. of scrips you are invested in at any point of time?
Ans: 5 scrips once

10. How do you set your targets for exit in swing/ longterm trading?
Ans: Look for pressure - either upside or downside.

11. How much ROI do you look for in an options intraday trade?
Ans: ROI of 10-12% daily. Even though I don't trade options now. Happy with intraday of scrips in capital / cash segment.

12. Your recommendation on books/ resources for TA ones youve applied
Ans: Wilders resources, Gann books, Traderji and NSE itself.

13. Greatest mistakes in trading?
Ans: Taking the market for granted that it will give me return no matter what. Ultimately realised that it is like a river which constantly flows in any direction it likes. My job is to fill my vessel and get out. Never ever tried to beat it. Another thing learnt to cut short my losses.

14. How do you ensure not to get carried away - coping with fear & greed/ keeping emotions in check ?
Ans: I have my levels to trade. Until they are touched I hold on and once touched I get off with my daily share of return.

15. Any advice for beginners/ fellow traders?
Ans: Give time to the market to understand its underlying force and only when confident, get into a trade

Pravi ...,

Below post what I wrote long ago Still Applies and will apply in Future as well...,