IF SOMEBODY IS INTERESTED IN TAKING TRADING AS A PROFESSION,I GUESS IT WILL BE THE MOST DIFFICULT TASK FOR A LONELY PERSON AND A DISCONNECTED PERSON(FROM THE INTERNET) TO ACHIEVE THE GOAL IN QUICK TIME.WITHOUT THE HELP OF THE OTHERS AND LISTENING TO THE EXPERIENCE OF THE PEER GROUP,HE WILL TAKE MANY TIME ....LOSE HEAVILY......ALEXANDER ELDER ONCE HAD BEEN TAKEN TO THE WALL WHEN HE WAS LEFT WITH ONLY 100$ IN HIS ACCOUNT,AND HE WAS HAPPY TO SAY THIS TO HIS STUDENTS LATER.....
I KNOW AN ENGINEER,WHO TOOK 20,000 RUPEES FROM HIS FATHER TO TRADE.IN THE EARLY NINETIES.THEN,THERE WAS NO NSE.CALCUTTA STOCK EXCHANGE AND BOMBAY STOCK EXCHANGE WERE ACTIVE. ECONOMIC TIMES REGULARLY USED TO POST CSE REPORTS......
HE WAS A YOUNG LAD,DIDN'T PASS HIS 10th TILL. TRADING WAS USED TO BE IN THE HALL.
HE LOST 18,000/- .
HOW TO SHOW HIS FACE TO HIS FATHER?
TRIED TO LEARN THE ART. MADE A FORTUNE. NOW HE EARNED MORE THAN 80 LAKHS......NOT FROM HIS FATHER'S GIFTS....IT WAS HIS INCOME.
GOT A BIT ARROGANT.....LOST 77 LAKHS.
HE SAID TO ME THAT - IT WAS NOT THAT HE WAS UNKNOWN TO THE TECHNICAL KNOWLEDGE......BUT HE IGNORED SOME POINTS.
NOW HE STARTED AGAIN.....
HE SAYS IT WAS ONLY AFTER 2001 THAT HE LEARNT TO 'TALK' WITH THE CHARTS....SOMEDAYS 14 HOURS FOR READING THE CHARTS.
HE IS A BRILLIANT TRADER. MAY BE A SUPER TRADER.I AM LUCKY TO HAVE SOME GUYS LIKE HIM IN PERSONAL CONTACT TO LEARN.
MAY BE HIS TEACHINGS ARE NOT RELEVANT IN THIS CONTEXT BUT MAY BE IF THIS IS HELPFULL TO ANYONE......HUMBLENESS IS AN ESSENTIAL PART OF LEARNING....."IT IS THE EASIEST THING TO ATTAIN GOD,BUT WHAT IS DIFFICULT IS TO FIND SOMEONE WHO KNOWS EMPHETICALLY THAT ATTAINMENT OF GOD IS EASY" - AND IF SOMEBODY FINDS SOMEONE LIKE THIS ,HE MADE HALF HIS JOURNEY TO THE ATTAINMENT OF TRUTH.
LIKE SPIRITUALITY,IN TRADING TOO,THE PERSON WITH A VERY GOOD UNDERSTANDING OF PRICE AND TIME,AND WHO KNOWS THIS JOB IS EASY,IS A RARE......TO FIND OUT THIS KIND OF PEOPLE IS MORE DIFFICULT.....
I CAN TEACH TRADING SUCCESSFULLY NOW IN THREE HOURS TO ANYBODY,BUT THE NEXT JOURNEY IS STARTING FROM THERE......THIS TRADING WORLD HAS NO SECRET........THE PEOPLE WHO UNDERSTANDS THAT,DOESN'T CARE TO TELL OTHERS THAT.....
STARTERS MUST HAVE A SOUND KNOWLEDGE OF MONEY MANAGEMENT FIRST AND A KNOWLEDGE OF 'TREND','RANGE'.......NO INDICATOR KNOWLEDGE IS REQUIRED TO TRADE SUCCESSFULLY DAY AFTER DAY.....
WHEN TRADING RANGE ONE CAN STUDY SOME OSCILATORS AND INNOVATE SOME.......BUT THE CHART IS FOREMOST IMPORTANT......AND RESPECTING OTHERS TOO....