This Thread is a continuation from my earlier Thread NEED TO MAKE 25 LAKHS IN 1 YEAR , where you guys can come across the views and aspirations of a beginner in the world of trading.
With 2 years of learning and working with my GURU ( a veteran super successful trader) I have now able to bridge the gap that exists between and looser and winner .
Unlike the last thread this thread will head to a different direction. To Prove money can not only be made by Big traders, HNI and institutions but also retail traders like us.
This thread will not teach any trading systems , (no one taught me either) , Nithin from Zerodha says “Every Succesful trading method has to be self discovery by the trader himself” So true that is why thousand of systems in the web will not work for me and you and the search for the holy grail continues.
If you want to build a system then - I will tell you is what you should be doing , how you will do it is for you to decide , I will tell you what not to do, how you will avoid it is for you to decide . Eq: If I tell there is a reason for shorting below a level , then you decide how you will enter that trade, whether a Trendline break, pivot break or MA crossover –But you must short sooner or Later .
Also no opinion of mine should be taken as written in stone which never changes, markets are dynamic ,with every bar they convey a story and a trader should have the ability to change direction with new market actions.
With beginners I have seen most often is that when ever they come to a bullish or bearish conclusion their mind gets clogged (perhaps with all the money they will make) and then their thinking and observing capabilities reduce drastically. This should not happen as trading requires CLEAR THINKING at all times.
I will make further posts as we go along as need to take rest to be fresh for next morning trading .
Would just mention that for this exercise I would devote a capital of 2.5 Lakhs and our goal will be three times our initial capital after exactly 3 months.
Piedpiper.
With 2 years of learning and working with my GURU ( a veteran super successful trader) I have now able to bridge the gap that exists between and looser and winner .
Unlike the last thread this thread will head to a different direction. To Prove money can not only be made by Big traders, HNI and institutions but also retail traders like us.
This thread will not teach any trading systems , (no one taught me either) , Nithin from Zerodha says “Every Succesful trading method has to be self discovery by the trader himself” So true that is why thousand of systems in the web will not work for me and you and the search for the holy grail continues.
If you want to build a system then - I will tell you is what you should be doing , how you will do it is for you to decide , I will tell you what not to do, how you will avoid it is for you to decide . Eq: If I tell there is a reason for shorting below a level , then you decide how you will enter that trade, whether a Trendline break, pivot break or MA crossover –But you must short sooner or Later .
Also no opinion of mine should be taken as written in stone which never changes, markets are dynamic ,with every bar they convey a story and a trader should have the ability to change direction with new market actions.
With beginners I have seen most often is that when ever they come to a bullish or bearish conclusion their mind gets clogged (perhaps with all the money they will make) and then their thinking and observing capabilities reduce drastically. This should not happen as trading requires CLEAR THINKING at all times.
I will make further posts as we go along as need to take rest to be fresh for next morning trading .
Would just mention that for this exercise I would devote a capital of 2.5 Lakhs and our goal will be three times our initial capital after exactly 3 months.
Piedpiper.
