left job and need 20 k per month to cover my household expenses

#1
Dear All,

I am sahitya sharma. And i am man of my house

but left my last job as interested in shares in intraday activities.

i would like to have arround 20 k per month from share market to earn my living.

my capital is 50,000.

and i was able to earn Rs. 21,563 last month without any strategy.

now i would like to have expert advice of this commodity to become a professional.

so that i can raise my capital upto 5 lac by end of this financial year in order to make this as my living.

Introducing my self professionally
i don't know any ABCD of intraday activities
and just now dealt in A company to deal with.
now need your expert advice to understand market analysis.
i am unable to under stand fraction theory.

What is support for the day,Resistence for that day & Possibly buy...
please help me understanding this first 3 letters of the business...
 
#2
I have learned the hard way. See this nonsense thread for proof. I am not ashamed to say that I had learned hard way.

http://www.traderji.com/fundamental-analysis/14799-i-want-sell-sbi-rs-10000-per-share-not-kidding.html

So I think and I feel I can offer some help for you. This is just like other good members here who offered me help when I really needed it. I am trying to repay my debts to the good members of this forum.

Rule 1: Scared capital never wins. So from your post it appears that you have very limited resources and even less experience. Both of them will prove fatal for you in this profession.

Rule 2: Do not confuse brains to bull markets. That often happens during bull market. If you have earned anything without any strategy, that is plain luck. Never expect that luck to accompany you for all the time.

Rule 3: In this profession 90% of people are loosers. Think about this sentence deeply and properly before you jump in with scarce money and less experience.

Rule 4: Do not commit money before learning. You will loose it.

Rule 5: That means learn. This is a daunting life long process. Only a few see light at the end of tunnel. Many of them think that they have seen light at the end of tunnel, but at last moment before they can do anything about it, they realise that it was the headlamp of an oncoming train.

So my sincere advice to you is go find out another job where monthly income is stable and assured. Once you find such a job save some money and invest only that money which you can afford to loose.

You do not have even an imagination as to what would be the situation in your house if you happen to loose this scarce money in trading.

Please reread once again what I have written here. I am not joking nor am I threatening you. I am stating plain facts and truth.

best of luck
 
Last edited:

columbus

Well-Known Member
#3
I second the opinion echoed by SANDALWOOD.
If you have age on your side ,then go for a new
job or who knows you may land in a job where
trading is an integral part of it.

Well ,earning without any methodology is like
gambling.Professional traders always follow a
method.
 

Mangafreakz

Well-Known Member
#4
Wow dude , what did you trade in to get 40+ % return in 1 month , Options ?
 

AW10

Well-Known Member
#5
Thanks Sandalwood for passing the correct message without any sugar coating.
I agree with you 100%.

Sahitya, Plz read Sandalwood post and other threads on this forum about newbees / mistakes of novice traders etc.
Trading is one of the toughest profession to crack. That is why failure rate here is so high. Market is known for giving u quick wins.. but if you don't know what u are doing, it will take it all back and maybe part of your capital as well.

Get you basics of trading in place - get the knowledge, make some strategy, test and prove to yourself that strategy if profitable over a period of time. and then start trading with small amount at risk.
If you are trying to run a marathon, without knowing how to walk, or not game plan in place, most likely u will hurt yourself and come out with injuries.

No business makes money in first month.. and in majority of cases in first few years.
Your expection of 40% monthly return, given 500% return annually is impracticle, specially the stage at which you are at the moment.

As suggested by Columbus., you are better of getting a dependable source of income thru another job and start trading part-time. Once your trading has reached certain stage where u are able to make consistent money, then think of taking it up as main source of income.

Market is ruthless place, everybody is here to make money..People on the other side of you are some of the brightest and smartest people out there.. so don't take this battle so lightly.

God bless you and your trading.
 

rajeshn2007

Well-Known Member
#6
my capital is 50,000.

and i was able to earn Rs. 21,563 last month without any strategy.

now i would like to have expert advice of this commodity to become a professional.

so that i can raise my capital upto 5 lac by end of this financial year in order to make this as my living.

i don't know any ABCD of intraday activities
Hi,

couple of points to note:
1.You have earned 21,563 from 50k, without any strategy, without expert advice, without knowing ABCD of intraday activities.
2.you want to make 20k a month ?
2.you want to make 5 lac from your 50k in a year ?

Guys what's happening here ?
 

jitu11

New Member
#9
I am wondering How you make 40%+ profit in one month without having any knowlede of stock Trading.
Could you Explain How you trade in last month.
 
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Sunny1

Well-Known Member
#10
There is no doubt that any newbie earns good in the beginning that's why he lures into
trading.We earn in the beginning because we use lot of common sense and simplicity .
And fail in the end with big loss because we don't use any stop loss. and then we think
we can earn even more and more start searching for method , strategy, holy grails.
In the end we settle with stop loss and money management.At this last stage only
extra thing we have learned is how market cycle repeats again and again giving us
unbiased approach towards market
 

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