Hi Friends, Im encouraged to share my experience and feeling of being a trader.
I work for a Co. but find time, to know abt banking and stocks, I have been an investor for last 3 years, want to bcome a trader, invested more than 5L in 3 years but the returns are nil, my portfolio had gone down 60% till March 09, now it is minus 18%.
I spend 2-3 hours reading on traderji, moneycontrol, rediffmoney, 5p, icicidirect, hdfc, etc. to gain knowledge before becoming a trader. im on my own. I Invest after reading the fundamentals of the co. In the last 45 days I made 1.25L, i dont know to put stoploss on buy/sell, loose rs.900 on a trade of Rs.one L, buy/sell I use icicidirect, I also have a/c with 5p, indiabulls, i dont trust them. Pls seniors/mentors advise me the best way of becoming an effective trader to make money, thanks to all in advance.
aijaz