journey of a trader

hi. here i shall express my view..
one can learn trade..
amalgamation..
views to learn..
many a good reference may be used...
this view is basically as i see the world....

so here i am starting


ONE CAN LEARN TRADE ?
YES, journey path is difficult..
you reqd aim...solo journey...many a comes, many go....u must continue
..
HOW?
AIM FIRST...
TIME MANAGEMENT...
DESIRE TO LEARN
PATIENCE
OBSERVATION..
PRACTICE THE PHILOSOPHY..WHAT I LEARN THIS WEEK



CAN U ELABORATE??
EASY MAN!![pun intended...journey path is painful...all with more than10yr experience knew it

yes..min time reqd 10 yr..[ask traderji..if u have doubt]
long drawn goal .. business visualisation concept..

desire to learn...
never aim money...[greed will definitely ruin you]
a balance speed of 2hr a day..+3hr weekly analysis ..what i learn this week
discipline not only imp.. but to be followed..
you have to read..
you have to practice..
you have to analyse
yes its agame of hard work..

lucky if u get a good teacher../mentor..
it definitely save time of 5yr...
but he should not be an well wisher.., instead a hardcore pro..
teaching trading../ analysis of situation must be his job..
can evaluate u.. must suggest real medicine not crocin..



so r u ready to learn further?
[i definitely would not have tried , if i know still i have to continue..alas.. i am a chess veteran. and do project in real job..urcertainity.. opponents move variation part of my life]

trading must be treated as business ..not hobby
its the dream .. supplier of new fool..
all mf r waiting../.
you must know how to handle business venture...dream vs. REALITY
MUST KNOW A/C...
PROFIT/LOSS..
WHAT MAKES A BUSINESS CLICK?
BREAK EVEN ANALYSIS
A-B-C ANALYSIS..
SWOT...[FOR YOU]
DETERMINATION & PERSEVERENCE..come back next day attitude


spend time to learn this .. then i shall go to next step

HERE AGAIN...SOME HELP REF FIRST.....
traderji.com...and follow what traderji writes in many forum

vvonteru..definitely if u believe in swing trade
..my latest...shirish's book list

www.trend-dynamics.com...
www.traders.com
read article of sh50../saint..
question of volatility...

read any good method of stock picking

further our journey continue...
WHERE AM I PRESENTLY...
till i remember my start of trading..
1990..91 invest .. good company ..REASON after iran-iraq. war market must move up..PREMISES..threat perception over..money flow in..[iwas 3yr served govt..officer in ministry+ seen father do business..2yr past experience as works manager.... i laugh at myself..seeing the audacity..

yes i made money..not knowing but simply being lucky..
luck of monmohan singh giving exellent budget..
luck of A BUBBLE called harsad mehta...
i made 5 times then .. cashing ..let another..5times drained..
by continue holding....
so far public euphoria contd you can make..
any body ...
no invest ...again 1997..attempt made ..lost 40000/

now the gambler...2000..again see..bottom fishing...
hoho..all u know..i shot my own leg..
NOW COME THE GREAT OF MY TRADE CAREER...ina discussion
my friends confide.. agame called DAY TRADE..DABBA]..
THEY LOST.. 3PETI .7 PETI EACH..
AFTER ALL IPLAY CHESS & BRIDGE [PLAYER..of B grade]....
shall i not join to show my intellect..my fighting spirit..
to outwit broker...
LITTLE.. DID I KNOW I AM ACCEPTING challange of life time..

step 1..study financial statementof friend's a/c...
reason of loss..
step 2... a game plan preparation..
a simple high volaility stock play plan..
contrarian.....study yesterday high /low..actual market hr[ i dont have computer then]...NEXT DAY .. SELL AROUND YESTERDAY HIGH...
PROFIT TARGET...1%..
OR.. BUY AROUND LOW OF YESTRDAY...PROFIT TARGET 1% UP...

IS NOT EASY...
so dabba owners is unhappy.. chap is young.. the new boy is earning...
yes,,,HIS DAY SHALLCOME...
THIS COCKY FOOL[i am]...OPENS A POSITION ON INFOSYS...
DT..AFGAN WAR STARTS,...A SHORT POSION ON INFO..300
...AND I ,MR FOOL WENT TO PLAY CHESS TOURNAMENT AT AHMEDABAD...
RESULT OUT I TELEPHONE...2HR. AFTERWINNING MATCH..
BUER CERCUIT....
SO HOPE AND PRAY GOD..
...ALOSS OF 400X300= 120000..
AFTR ALL DABBA...APPEAL TO HIM 1LAH.. SETTLED..
my 60000 profit gone ...40000paid..
ok
to start again to play...i shall deposit 1 lak...another no...


this time i [abigger fool]...i rule only to play before screen..
no going out...
only on night shift/ off day...
no loss/profit holding

psychologically it takes 2months to come out...

but watch tv patty..price quote.....
seen on off day..wipro and dr reddy....
2x5.5hr...2months...
no play...
analysis....how they after day....
plan to move ...vs ACTUAL
yes ...real life note...
i am lucky ....family gone home....
weekly profit target...5000/...

lucky to be market...IN RANGE BOUND WHERE THIS STRATEGY WORKED..
COURSEY...WIPRO..I GOT BACK45 000 IN AMONTH

SO I AM HOOKED

SO FAMILY CAME BACK ...ALSO MY RATIONILITY...

A 40000..SALARY..TRY TO GET 50000...RISK TO LOSE..30000..THAT MY LOSS LIMIT...BETTER PLAN...
DO SERVICE...
PLAN RETURN OF 20000/MONTH...DEFINITELY I MAY GET 10000/
STYLE SHORT TERM TRADE...
DIRECTIONBUY ..
STOP 6%
PROFIT TARGET...10%...OTHER HALF 20..25%

YES...BY FOLLOWING THIS SIMPLE TECHNIQUE..
I RUN FAMILY..AV.20000/MONTH..


no i am not good trader,,,simply..market.. favours me..i am simply lucky

so further.. i plan to learn...
magazine..capital market..
site . angel
www. moneycontrol.com
member equitymaster.com
they for info...

any spl. course...cbot..
trading market...
trend-dynamics..
i attend...no i dont spendmoney asingle...i UTILISE
MY PROFIT GENERATION IN IMPROVING MY SKILL...

JOURNEY CONTD.......

MANY A FRIEND COME..I SEE THEIR GREEDY FACE..KNOW NAME OF A COMPANY....A ....RECENT CALL[A
TA DISCUSSION ONLY TO FRIEND...EDUCOMP...
CMC
BIOCON]
some young proffesionals respect me...
some consider fool ...not utilising knowledge...not using proper target..
for profit/ for not using stop...

FACT REMAINS I have A STILL LOT TO LEARN...
market gives me lot of oppurtunity...
no more..to be a servant...
still middle class mentality..do not allow me give up job...
60000..counts in india...

as i ama servant..so i have to change...
change and survival...2weapon..
boss's view is more imp..but report..to big boss[boss's boss]...this is macro view.....fool's belief ...in micro view...any long term successful investor..
laugh at me[a noise trader..runs with 1-2%profit]
boss view......
long term view..
sector concept...
CAN YOU FOLLOW ANALOGY???

YES ...ANALYSIS..VISUALISATION IS KEY...
RECENTLY i play chess match...an old friend of mine...who knows 24yr back..
arranged a match..a buddy young chess..prodigy..vs this old fool..
the chap...a champ.....a 2hr..each match..in white...vs.. old fool black..
...the old fool taken 2day off ..one for to rest.. throw away rubbish..goodsleep.... 1plan to win against 15-17 yr old teenager would be pro...old man know what he gets .. awaiting in match..
a recent theritical attack..king/ Qside attack..
a sharp sacrifice...
....my FOOLISH STRATEGY...bring him in unknown zone..
obscure PETROCIAN STYLE..[this young champ may not know]
MATCH STARTS...I[OLD FOOL]....play as per plan..
young chap..plays..afterall he named a prodigy..
plays skilled..tactical game..unfortunately old fool dont FIGHT...
[HE KNEW STORY OF MIGHTY NEPOLEON'S RETREAT IN MOSCOW
....SO THE SITUATION..Q..EXCHANGE..
ALSO 1ROOK...
1 BISHOP...
BUT YOUNG LOST HIS STAMINA...SHOWING SIGN OF IMPATINCE......
SO I USE A PLOY..A DECOY A LOOSE PAWN..
.. A 2ND DEFENDING ROOK ...+A H' PAWN AGGRESSIVEWITH
g 4.. king position...
after...long pause..young accept...aplan..
the old fool..in no hurry to move...not showing ploy[being indifferent]
the chap.. own the pawn
its simple its possible....ab pawn vs b pawn...and in defend.. ..
king is always ...
but.. to put long story short..
....
around 10 min left.. the young champ understands he is losing..
he played.. he showed why he nominates for india junior..

this FOOL WON..
THE CHAP SIGHED...

[I ENJOY MY KILL...]..
POSTMORTEM STARTED...
[HERE COMES THE LESSON OF MARKET]
he has no mistake..no wrong move..
perfect play .. just like a champ
i smile...my friend laughed.."i told you he knows chess...
1975..before..u r born..he ranks 1st 10 in his STATE..
...his last match.. 2002,,where..he lost against are top rated..
loyd bank champ..
i say 'jane do..'

this reminiscence.. may help budding trader..

now people are so lucky...
traderji comes to help..i spent 2000$ to buy set of good course..
on line trading academy...technitrader.com....ebay.com..
offers 2nd..cheap ...
can we not make agood club@ mumbai..
here i know time is money...
people has different view,,,
its the view we trade in market...
most r loser, because..they r born loser..[yes i mean it]
nobody suits trading..its not natural...its WAR,..MUST KNOW ART OF SURVIVAL first..
best single book to learn ..phantom of pit...
you have to be a learning m/c..
have to digest... then only u can trade

ajourney path....
GO IN A BROKER'S OFFICE...SEE WINNING TRADER..
SEE FOOLS ARE BEHAVING..WHO CAN HOLD WINNING TRADE..
observer makes a speculator...
timing..
i laugh one ...you r wrong...
i laugh again..
;
;
cotd..8 trade loss..IT PROVE BREAK OUT NO MORE WORKING...
I HAVE SWITCHED TO BUY AT DOUBLE PULLBACK...
YES IT WORKING IN PRESENT MARKET..