Any1 full time trader

#51
Re: full time traders help me

I hope you don't start trading without learning and if you do then you will lose money. Most people lose a few lakhs and at least three to four years' time to learn how the market really works. Please be aware that most people never make money in the market and those who make money in the market are extremely intelligent, well capitalized and patience. You seem to be intelligent but you don't have enough capital right now and without a job you will run out of patience as well.

Take help from relatives and friends without any kind of embarrassment until you have steady stream of income because if you lose money in the market, it will be more difficult situation. I can understand your situation that you want to be self dependent but stock market trading is the most dangerous way to start your journey.

Those people who are rude to you and angry at your post is just because they care for you and they don't want you to lose money in the market.

But even after all this, if you start trading, I wish you all the best.
Thank you winnerhiren..

I wont start trading until I learn from you guys, google, books, TA e.t.c., and understand and not until I feel confident enough...

My hope is, if I learn from all your experienced I could learn correctly, precise and quick (in no way I mean short cut) I mean, I want to learn from professors, like in gud college.. :clap:
 

toingpoing

Well-Known Member
#53
Re: full time traders help me

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
Hats off to you Manish for being bang on the point.You are one of the very few in TJ who has told the exact fact regarding trading. What would happen if one flies a plane without training.It is the same with trading. Unless trading skill is mastered first and adequate capital is put in,how can one expect to earn.I think share trading, most probably, is the only business where most of the persons planning to enter do not want to put in capital or effort or time but want to generate unrealistic returns.:eek:
 

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