Want to become a Good Trader

hi i m frm tamilnadu, i like to become a Good trader ,i select trading as my profession bcoz of some reasons, i have another online business which now starts to go down, i made good money from that business, i must become a good trader before that business goes very bad i have no option than trading ,learning trading past 4months,
i need few experts help here, plz reply here i send more details through Personal message,:thumb:

for long term i have invested in 5 ulip insurance policies and i have gold bar, so i want earnings from trading and in future its going to be my main source of income , i cant go to jobs so dnt suggest dnt trade etc sorry, now m locked coz of long term investment in ulip ,i have less money to trade ,i lost a lakh so far, but the another income will help for sometime i hope it goes well , thank u plz help me and guide the right path

what kind of trading are you doing?

F&o , i made good profit but tried some big amount on nifty result lost all money last month

Hi,

Its very easy to give advice to any one. Even such advice not seen here. Traders will never take risk in advising. Instead they can guide you in your trade. Having lost all your money last month, now you should have gained some experience. You yourself can analyse the wrong that you done in your trade.

In the beginning one should never go for any huge trades. Rather trade with small amount in the area which is familier to them. You will understand the market movements. Write a trade plan and implement the strategy best suited for you. Deciplined trading with strong money management will have better trades. Learn TA. Google the subject which you want to trade. Read all postings here in TJ, whether related to you or not. Trade in areas which is comfortable to you. Never listen to tips providers. Then you cannot become a good trader.

I too give free advice. No its the experience i had during my past 2 years. Above are the outcome of my experience. But mine is very less. Still there is lot to experience. Whether Good or bad only HE knows.

Happy Option Trading.

hi chandru...welcome to TJ...