I have undergone different phases of my life through different activities related to Stock Market.
From learning fundamental analysis in books to undergoing Practical classes for years with renowned analysts for Technical Analysis.
Experiencing different types of software's to automated trading systems.
From selling tips to Managing Portfolios and obviously for this went through the phase of Sub brokership.
And finally on the path of becoming a successful trader.
The following are my personal experiences, you may differ fully. But if u wanted to become a genuine trader mind my words.
(i) Stock Market is one sort of gambling, specially the FNO Market.
(ii) 95% retail traders are bound to loose money in stock market.
(iii) People used to gain in Golden Bull run, bound to loose money by successive dull market.
(iv) There are very lesser genuine analyst with practical trading experience. Successful Trader wont come to the TV shows or seminars for money rather keep himself busy minting money by trading.
(v) A genuine trader will never reveal his trading system, its foolishness to ask somebody about his system.
(vi) The geeks of TA and systems revealed by them, presently available in the market are not the best one of individual trader. Best systems must have ended up with the death of respective trader/analyst.
(vii) Until he/she gets a better system he/she will not reveal his/her system.
(viii) To divert from actual systems, analyst used to point some patterns, but very wisely.
(ix) Scalping is always better than positional in overall market condition.
(ix) "Trade lesser but accurate" is a fake theory. Trade as much as u can specially if u er a scalper.
(x) Scalping/daily trading can not be mastered with tips services.
(xi) There is no holly grail available in the open market. If it exists somewhere never shall be published.
(xii) Never go for buying a system watching an advertisement, before buying the same ask yourself, what for the guy is selling u, instead using for own.
(xiii) Never get satisfied with a great trade but always check the days profitability.
(xiv) Never try to predict the market move. It has little to do with your trades. Instead concentrate of stock specifically.
(xv) Never be a Bull or Bear always play the role of a opportunist and be ready to go short at par with longs, mercilessly.
(xvi) Never Blame broker for your losses, No broker want their customer to make losses and subsequently disappearing from the client list. They used to provide the best possible service they can offer.
(xvii) Always remember that trading is a zero sum game and there's a whole Industry to make u fool. TV Analyst, Semiramis, software vendors, brokers never looses money and they are just a part of that industry.
More to come.
From learning fundamental analysis in books to undergoing Practical classes for years with renowned analysts for Technical Analysis.
Experiencing different types of software's to automated trading systems.
From selling tips to Managing Portfolios and obviously for this went through the phase of Sub brokership.
And finally on the path of becoming a successful trader.
The following are my personal experiences, you may differ fully. But if u wanted to become a genuine trader mind my words.
(i) Stock Market is one sort of gambling, specially the FNO Market.
(ii) 95% retail traders are bound to loose money in stock market.
(iii) People used to gain in Golden Bull run, bound to loose money by successive dull market.
(iv) There are very lesser genuine analyst with practical trading experience. Successful Trader wont come to the TV shows or seminars for money rather keep himself busy minting money by trading.
(v) A genuine trader will never reveal his trading system, its foolishness to ask somebody about his system.
(vi) The geeks of TA and systems revealed by them, presently available in the market are not the best one of individual trader. Best systems must have ended up with the death of respective trader/analyst.
(vii) Until he/she gets a better system he/she will not reveal his/her system.
(viii) To divert from actual systems, analyst used to point some patterns, but very wisely.
(ix) Scalping is always better than positional in overall market condition.
(ix) "Trade lesser but accurate" is a fake theory. Trade as much as u can specially if u er a scalper.
(x) Scalping/daily trading can not be mastered with tips services.
(xi) There is no holly grail available in the open market. If it exists somewhere never shall be published.
(xii) Never go for buying a system watching an advertisement, before buying the same ask yourself, what for the guy is selling u, instead using for own.
(xiii) Never get satisfied with a great trade but always check the days profitability.
(xiv) Never try to predict the market move. It has little to do with your trades. Instead concentrate of stock specifically.
(xv) Never be a Bull or Bear always play the role of a opportunist and be ready to go short at par with longs, mercilessly.
(xvi) Never Blame broker for your losses, No broker want their customer to make losses and subsequently disappearing from the client list. They used to provide the best possible service they can offer.
(xvii) Always remember that trading is a zero sum game and there's a whole Industry to make u fool. TV Analyst, Semiramis, software vendors, brokers never looses money and they are just a part of that industry.
More to come.
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