Hi all,
I have just started trading for the last 3-4 months and have been enjoying the experience. Contrary to what most people say, I am not finding this very confusing or heartbreaking. I tend to make profits most of the time I take a trade, and go wrong a few times as well. Till today, I have made 32 profitable intra-day trades and have sold 18 shares at a profit. I made also made 12 loss-making intra-day trades, and have not yet sold a stock at a loss. However, I do have 5-6 stocks in my demat account that are deeply in the red, and probably I'll soon release them and learn to bite the bullet (Those are a bunch of smallcaps that I bought in the first month without a stop-loss, a typical beginner's mistake).
Now, whenever I share my experiences with friends and acquaintances, everyone says it is not how it works out and the stock market is far more trickier than that. Most people are actually giving me the typical example of how people win by fluke when they start to gamble and how they lose it all. My question is - What has been your beginner's experience? Am I doing exceptionally well or is it a regular thing with most attentive traders? Are these warnings by people (some of these people trade as well) something to be taken seriously, or do you think that people who trade with a discipline will always remain profitable?
P.S. I have no background in finance; I trade mostly on news and don't know how to read charts. However, I am decent at research and number-crunching and follow 200-300 stocks diligently.
I have just started trading for the last 3-4 months and have been enjoying the experience. Contrary to what most people say, I am not finding this very confusing or heartbreaking. I tend to make profits most of the time I take a trade, and go wrong a few times as well. Till today, I have made 32 profitable intra-day trades and have sold 18 shares at a profit. I made also made 12 loss-making intra-day trades, and have not yet sold a stock at a loss. However, I do have 5-6 stocks in my demat account that are deeply in the red, and probably I'll soon release them and learn to bite the bullet (Those are a bunch of smallcaps that I bought in the first month without a stop-loss, a typical beginner's mistake).
Now, whenever I share my experiences with friends and acquaintances, everyone says it is not how it works out and the stock market is far more trickier than that. Most people are actually giving me the typical example of how people win by fluke when they start to gamble and how they lose it all. My question is - What has been your beginner's experience? Am I doing exceptionally well or is it a regular thing with most attentive traders? Are these warnings by people (some of these people trade as well) something to be taken seriously, or do you think that people who trade with a discipline will always remain profitable?
P.S. I have no background in finance; I trade mostly on news and don't know how to read charts. However, I am decent at research and number-crunching and follow 200-300 stocks diligently.