Hello guys... Quick introduction abt me - I am a sort of a tukka trader. I have been trading since almost 6 yrs and have more or less lost money.. say to the tune of 2 lacs...mainly because I never actively followed my stocks, listened to tips, never used stop loss and never booked loss but booked profit at the earliest opportunity.. Fear ruled over Greed. But nevertheless I have moved on and consider that money invested for getting hands on trading.
I always had this urge to make it big in the stock market like all of us here ofcourse....And thankfully I now have the luxury of having some more Bank balance, thanks to my job...that I can use to invest in the stock market. Though I know I need to be more disciplined...And like all new endevours I feel I need to make a plan towards achieving my goals.. which for now is very simply put - Buy a decent flat in Mumbai in the next 2 years. My target is 2 Crores
My starting money for this venture is - 312,500 Rs. and the plan is to keep doubling my money every 4 months. I plan to do F&O initially to keep me afloat and get some quick and consistent money. Plan is to win small, lose small and occassional win big ... that should make me money consistently over months. Let's see how this journey goes.
Plan Month
20,000,000.00 24
10,000,000.00 20
5,000,000.00 16
2,500,000.00 12
1,250,000.00 8
625,000.00 4
312,500.00 0
Starting Date : 1st July 2015
So moving on.. my 1st goal is to make 312,500 by 31st Oct, which means a target of 78,125 per month for the next 4 months. That sounds more achievable doesn't it? And guess what - I am more than half way near my target for the month. I shall post my trades soon. Please comment and let me know tips/trading strategies/analyses if any. My favourite option stocks are - SBI, YESBANK, TCS.
PS: This is my first post on traderji
I always had this urge to make it big in the stock market like all of us here ofcourse....And thankfully I now have the luxury of having some more Bank balance, thanks to my job...that I can use to invest in the stock market. Though I know I need to be more disciplined...And like all new endevours I feel I need to make a plan towards achieving my goals.. which for now is very simply put - Buy a decent flat in Mumbai in the next 2 years. My target is 2 Crores
My starting money for this venture is - 312,500 Rs. and the plan is to keep doubling my money every 4 months. I plan to do F&O initially to keep me afloat and get some quick and consistent money. Plan is to win small, lose small and occassional win big ... that should make me money consistently over months. Let's see how this journey goes.
Plan Month
20,000,000.00 24
10,000,000.00 20
5,000,000.00 16
2,500,000.00 12
1,250,000.00 8
625,000.00 4
312,500.00 0
Starting Date : 1st July 2015
So moving on.. my 1st goal is to make 312,500 by 31st Oct, which means a target of 78,125 per month for the next 4 months. That sounds more achievable doesn't it? And guess what - I am more than half way near my target for the month. I shall post my trades soon. Please comment and let me know tips/trading strategies/analyses if any. My favourite option stocks are - SBI, YESBANK, TCS.
PS: This is my first post on traderji