I love Trading - but they confuse me

rajputz

Well-Known Member
#1
I have been day trading for many months....like 10 months....

learned many thing...lost many times....learned my lesson every time...learned to take profit from up and down market and today i feel that i have learned some thing from share market....today i love trading....but can you guyz think where i am confused about...

its not with trading part....

its with the quote "does everyone try to confuse the person working out of way"

i want to be in sharemarket at professional full time job....

the problem starts here....

i am getting engaged...ofcourse i was committed to my gf...now it takes me very much difficult to make some one who is not in sharemarket understand that if you are an intraday trader and know how to trade (that i am trading with profits from past few months with some specified discipline) and want to expand on it for rest of my life....enhance it....then they say me
"""share market is a big risk"""
"""is our girls future secured with it"""
"""how much money she will be having in her hand at the end of month""" """what if the market feell and bankrupt you"""

My Answers: -
"""""its not risk for disciplined day trader(every ones has his strategy is what i think and according to me my strategy works - what i think)"""""

"""""offcourse secured - when some one is working hard for long time, then probably he is not a fool. i am learning some thing and gaining some thing"""""

"""""in an investment buisness or in sharemarket it is very much difficult for me to tell an exact amount. cause we invest what we get. at the end of day we get profit. according to needs we seperate it. according to needs we use money earned - without bankrupting or lowering our pockets for buisness"""""

"""""The main of all is that i cant make them understand that a day trader always earn profit from up and down market. if market is going up he buys and then sell at high or vice verse...he sells and buy at lower. :( but they dont understand it.. """""



these are some of the things that i cant get on track witht hem...then i thought os solution and thought of sharing it with all the friends out their on traderji who sure can feel what i am going through....please i need replies of all of you....i think their will be many who faced this problem and got out of it...or might be some one will be into it...

thanks....
 

bunny

Well-Known Member
#2
I am not satisfied with your replies.

Also, you don't have any track-record. You are just a few months old in this business. It would be better if you show them a profit-and-loss balance sheet like thing so that things are transparent.

The girl's parents' worry is justified. They have clearly asked you "how much money is in my girl's hand at month end". Give them a truthful reply.

Also,
What is your educational background?
How well is your family financially?
Do you have any other source of income?

Agreed that trading is perhaps the fastest way to make money(and lose too), but you should have an additional steady source of income, unless you have something else to fall back on.
 

rajputz

Well-Known Member
#3
I want to take this profession to higher level of investment.....professionally...was learning untill three months back...having a earning hand of profits after that continuosuly....dont create balance sheets....will make it but after developing a companny...and it will take 1 yr to marriage and untill then i am developing it...the thing is how i make them understand...
 

bunny

Well-Known Member
#5
I want to take this profession to higher level of investment.....professionally...was learning untill three months back...having a earning hand of profits after that continuosuly....dont create balance sheets....will make it but after developing a companny...and it will take 1 yr to marriage and untill then i am developing it...the thing is how i make them understand...
The best way to make them understand is to show them some that is:
  • Measurable
  • Demonstrable
  • Repeatable
  • Consistent during various time periods

Unless you can show enough profit to sustain the expectations of your life partner, there is no chance they will agree no matter how much you trading and are passionate about it.

Balance sheets are not only for companies, everybody who handles money needs them.

Just as you love trading, they love their daughter and hence this due diligence.
 

rajputz

Well-Known Member
#6
The best way to make them understand is to show them some that is:
  • Measurable
  • Demonstrable
  • Repeatable
  • Consistent during various time periods

Unless you can show enough profit to sustain the expectations of your life partner, there is no chance they will agree no matter how much you trading and are passionate about it.

Balance sheets are not only for companies, everybody who handles money needs them.

Just as you love trading, they love their daughter and hence this due diligence.
frankly speaking i never need to calculate it...what ever i lose or gain every day is totally clear to me...i have thought about balance sheet or we can say maintaining the reports....but what do you include in the balance sheets...like every day reports...
 

bunny

Well-Known Member
#7
frankly speaking i never need to calculate it...what ever i lose or gain every day is totally clear to me...i have thought about balance sheet or we can say maintaining the reports....but what do you include in the balance sheets...like every day reports...
Can you measure "clear"? can you put a figure to it?

Tell me something, what was your reply to this question of her parents?
how much money she will be having in her hand at the end of month
As regarding balance sheet, you can simply create a excel file that contains net p/l for everyday. If you want, you can add more details like trading capital, turnover, brokerage, tax, etc.
 

rajputz

Well-Known Member
#8
Can you measure "clear"? can you put a figure to it?

Tell me something, what was your reply to this question of her parents?


As regarding balance sheet, you can simply create a excel file that contains net p/l for everyday. If you want, you can add more details like trading capital, turnover, brokerage, tax, etc.
i told apprx 30000/month or above with a investment of 70,000-100000....


thats the minimum i have told....i am looking to increase it.....

and thanks for your idea of maintaining the balance sheet....thanks for that....it is a good idea to show them the balance sheet....
 

anuragmunjal

Well-Known Member
#9
hi
do u know that if u can manage a 30000 return on 100000 every month and if u compound that u would probably be able to buy half the world within 10 yrs time.

regards
Anurag
 
#10
If you can generate Rs.30,000/- per month..then generate consistently
and do something or show something to her parents, so that you can proudly say that Yes I have bought this thing by doing Trading.
For Example: U can book ur own house to show them or
U can buy a Car to show them, or u can buy a piece of land anywhere in remote areas.
So that they might think that the Boy is genuine and hardworking
and at young age he is doing so much for himself.
Then there wont be any question of how much money left in the hand.
Hope this satisfies..
 

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