Any1 full time trader

[Cubt]

Re: full time traders help me

Price action is all about support n resistance. Google about support n resistance, open some chart and try to plot support n resistance levels by yourself.

Follow some momentum stocks for couple of days and u can judge the price by yourself.

Do not go for futures or options until u reach capital of 1 lac.

 

[pakatil]

My Dear Frnd,

Pls donot go by high sounding words. Pls look out for a job and stabilise first.

Trading with borrowed Capital is very dangerous. That too with sword of EMI hanging over head, it is almost very diff to succeed.

Pls think over thousand times and jump in.

All the best.

 

[vijay_gupta1]

nw a days all young generation is attaracted by share market nd gettin involve in trading coz they want fast money..they trade with their fathers hard earned money nd if fails they dnt give up nd keep investing wid borrowed money..in between this situations until he can understand where he is goin..he spoil his lyf cmpltly..it is hard to believe bt I am watchng lots of innocent students who are going thru all of the above same situations..even sm students got placed in big mnc cmpanys bt left their job due to they understood themselves over talented so they cn even earn more thru trading bt at last they also go into hell of the lyf nd repent..so moral of the story is try to stay away our young talent from this trading world othrwise .........

 

[niftyoption]

Dear Prakashon Sir

suggetions from my experiances:

1. first make trading stratagy
2. make a habbit of writing trade dairy
3. do paper trading 3 months
4. analyse paper trading
5. for making trading statagy read books and use internet & charting software
6.dont loose 2 % in your capital in single trade
7. deside you are day trader or short term trader according to that make plan
8.choose good broker for trading
9. dont follow any recommendations
10. do your own analysis

all the best sir

 

[notherwork]

What you have said its very sir.. Im a culprit too..
but I'm not here to make fast money..
I'm not using my late fathers money..
I worked 2.5 yrs saved 1 lac for trading(after wrk I go thru what has happened in todays mrkt)

I didnt quit my job, they let me go..

when I wanted to start trading..I look out to my friends and they were ready to help(of course its not their money)

When more capital was needed, I took PL from bank (not looking for fast money but to save my previous capital, broker asked to deposit..)

Once I deposited I taught I have saved my previous capital..but my friends had taken more positions (they promised me they will use the PL only for margin )

Thats it within next one week my PL was into position.. within 2 months the broker RMS.. I came to know abt this later only.. believing my friends was the first mistake.. going into trading without my understanding was the biggest mistake.. not keeping track was also a mistake..( i did not want to disturb my friends knowing how stressful trading is.. In those two months I was searching for job, so was travelling a lot and had to take care of many other things)

nw a days all young generation is attaracted by share market nd gettin involve in trading coz they want fast money..they trade with their fathers hard earned money nd if fails they dnt give up nd keep investing wid borrowed money..in between this situations until he can understand where he is goin..he spoil his lyf cmpltly..it is hard to believe bt I am watchng lots of innocent students who are going thru all of the above same situations..even sm students got placed in big mnc cmpanys bt left their job due to they understood themselves over talented so they cn even earn more thru trading bt at last they also go into hell of the lyf nd repent..so moral of the story is try to stay away our young talent from this trading world othrwise .........

 

[niftyoption]

Dear Notherwork Sir

Your Experiance is very valueble to all traders

please learn this lesson from notherwork sir, it 's value 1 lakh rupees worth

thank you sir

 

[XRAY27]

hi
iam a trader since 2007 after leaving job in a MNC...first i planed my self to settle in this bussiness...for this i have studied TA books in the market spent my time watching price action developed setups...main points here is
1.Self study(TA books)
2.Develop setups for trade by buying a TA software
3.Don't follow third person
4.Internet is the big source for getting lot of information
5.If you are not able to get this just don't come into market

 

[shreeux]

hi
iam a trader since 2007 after leaving job in a MNC...first i planed my self to settle in this bussiness...for this i have studied TA books in the market spent my time watching price action developed setups...main points here is
1.Self study(TA books)
2.Develop setups for trade by buying a TA software
3.Don't follow third person
4.Internet is the big source for getting lot of information
5.If you are not able to get this just don't come into market

I am also newbie past 1 year trade on cash market (BTST) only...i like to trade in Intraday...but i dont have knowledge about TA....

Please suggest TA books names and softwares....

 

[onlinegtrash]

>> Very very low capital (10k to 20k) and stop loss of 2k to 3k only possible for me now.

No chance !
Esp if you want to do it in options!

Newbie options intraday traders are dinner for pros who write options and can afford to wait for months to drain option value through time decay with 5-10 lacs cushion money in their trading account...

Just saying...

You are better of starting some business, make some money there (sell mobile phones/run taxi cabs, start a BPO or whatever)... and keep learning markets on the side.

First stage is losing stage... you will lose your money no matter what you do!

So lose as little as possible in this stage, when you have money set aside for survival.
and...its going to be more than 2-5 years to become consistently profitable...

you are not going to understand my words just like I didn't understand them at beginning...
but felt like saying them

some more food for thought:
"why do you think you can take money from other seasoned traders esp in options market, while they have years of experience and tools and you don't have anything to compete with them?"
"why do you think people have set entry to options market so easy... any idiot with few thousands start to dream of making billions but it takes 10+ yrs of training to get a professional job (or even business) worth of 60-70k in salary (or profits?) regularly?"
ans: its a bait for the greedy dumb masses dude!

 

[manileo]

Re: full time traders help me

I want to be full time trader.

Full time traders can you guide me

Is my decision to become full time trader good idea !

Very very low capital (10k to 20k) and stop loss of 2k to 3k only possible for me now.

What are the possibilities to make winning trades to and save capital first. Then build small profits.

Should I start with day trading in futures

Hi dude

My name is Manish Dhawan. I run a 3 million fund by the name of MYSTICS.
Mystic Funds

I am going to be very rude here, take it personally. You are exactly 'the kind of people' who give speculation the bad name!!!!.

ask your roadside kiryana store how much investment did he start with. or in your case, worse still ask your local paan shop. even they start with a base of 10-20 lakh Rs to earn a ROI of around 4-5% per month (that is if they are lucky with amazing footfall and rapport)

step 2. Read Risk management article wriiten by Ed Seycota on his website.
in a nutshell you cannot risk more than 1% of your corpus on 1 trade. ATR of Nifty ensures that your stop loss has to be 50 points away. 50*50= Rs. 2500

(backtested and optimized from last 3 years data on 12 min timeframe, I am not even talking about hourly charts)

to bear a loss of Rs 2500/ trade you need to have the capital of Rs 2.5 lakhs. so to trade 1 lot of nifty, you need 2.5 lakhs.

Now lets talk about returns. I don't know what strata of society you come from, but I presume you need around 25k/month that your average paan shop owner earns.

you need 500 nifty points in your kitty to earn that amount with 1 lot trading. IMPOSSIBLE.

Hope this helps. My friend Stock market is like any other profession, treat it like a casino and you will get the same results.

why didn't you think of becoming a doctor, a lawyer, a journalist by reading a couple of books. coz it takes more than a couple of lousy books. it takes 3-5 years of toil, hard work and commitment before you start earning.

STOP insulting this full time profession and try and figure out and experience the hidden feelings of insecurity, get rich quick hog that you have based on some psychological disease.

Like Ed Seycota says, your un experienced deep rooted childhood feelings are your real trading system.

and you will find ways to create HUGE loss making dramas to manifest and experience those feelings.


Manish Dhawan