I am new to share market please help me to make some profits from here.

#1
Dear Friends,
Myself (Bhanu Gupta) new to this market and don't know anything about investing and day trading.
I am also interested in day trading, please help me in this matter and tell me what to do and don't.

thanks
 

jahan

Well-Known Member
#2
hello bhanu,

things u should consider before entering into this arena.

1) Risk the only Capital u Afford to loose.
2) know the money management rules.
3) Find a trading system thats fits ur mentality.

Trading involves greed,fear,Stress, and so many emotional things, so psychologically prepare for that.

initially risk 10% of ur total intended capital to check whether ur coping with the psychological factors if u loose that 10% capital, debrief ur mistakes and go forward with 10% of remaining intended capital.... repeat this process until u got some edge in trading .....

trading is not quick rich scheme..... in my opinion a new trader gets comfortable with trading around 2-4 years of serious studying of market behavior.

if u afford this time for learning and honing ur skills then u will automatically understand wat to do and wat not , then u won't require anybody's suggestions/tips and u won't give trading tips to anybody,bcoz ur then self-reliance.

........out of hundred day traders only 2-10 traders survive in the market.so keep it in mind do hard work initially.

for studying markets it doesn't matter u use ,fundamental analysis,technical analysis ,or news based analysis wats important is "u", and ur reactions towards market and money management rules.

........i hope u got some clarity

regards
jahan.
 
#3
Well said Jahan.... I have opened Demat account in the month of May 2012 and started trading only in September. 1st month i earned about rs 8000, but later on i lost it :), however i dont mind..bcoz iam still learning stage.... :)
 

hauler

Active Member
#4
Dear Friends,
Myself (Bhanu Gupta) new to this market and don't know anything about investing and day trading.
I am also interested in day trading, please help me in this matter and tell me what to do and don't.

thanks
I envy you.
you are one hell of a lucky guy, not even started trading and you have landed on traderji for advice.
Mostly guys land here after losing their millions. your learning curve will be smaller than many of us i would say.
 

Similar threads