Dude, I also started trading with profits. As you said, I was also making regular profits since 2005. And it gave me the sort of confidence that you are showing now! You remind me of myself of 2005-2007. I think I remember making profit of 75K during the two years.
And know what, 2007 end came and I was wiped out of 6 lakhs. And ever since I have been making a steady loss of 1 lakh annually till 2010, from when I started learning technical analysis. Even after learning technical analysis, I keep making loss amidst profit. I have colleagues who dreamed like you and ended up with losses exceeding 5 lakhs minimum.
So be careful with your new found profits and dreaming about being a crorepati in 2 years. This does not mean you should not dream. But your dream should be realistic. Dream about being a crorepati, but dont give it a time frame, else you will end up making the market a crorepati and yourself a bikaaripati.
Rules in this market:
1. Never time the market
2. Never go against the trend
3. Never hold your positions long enough waiting for your target. Market has its own way.
4. Always keep a trailing stop loss
5. Never seek vengeance against a loss making stock. It will keep defeating you because it has more brains than you.
It doesn't mean I am also following all the above rules. But yes, I am training myself to follow these hardcore rules.
All the best for your trading future! Take care! And I hope you all take this post in a positive mind set.
And know what, 2007 end came and I was wiped out of 6 lakhs. And ever since I have been making a steady loss of 1 lakh annually till 2010, from when I started learning technical analysis. Even after learning technical analysis, I keep making loss amidst profit. I have colleagues who dreamed like you and ended up with losses exceeding 5 lakhs minimum.
So be careful with your new found profits and dreaming about being a crorepati in 2 years. This does not mean you should not dream. But your dream should be realistic. Dream about being a crorepati, but dont give it a time frame, else you will end up making the market a crorepati and yourself a bikaaripati.
Rules in this market:
1. Never time the market
2. Never go against the trend
3. Never hold your positions long enough waiting for your target. Market has its own way.
4. Always keep a trailing stop loss
5. Never seek vengeance against a loss making stock. It will keep defeating you because it has more brains than you.
It doesn't mean I am also following all the above rules. But yes, I am training myself to follow these hardcore rules.
All the best for your trading future! Take care! And I hope you all take this post in a positive mind set.
