Many members of this forum would not subscribe to my views,but still.. First.trading in shares or commodities is a full time business.In real life,there is no such thing as part time business. To do any business,one should have lot of guts,resources,knowledge ,dedication and patience.Failing in any one of the above will yield negative result.This is applicable in shares and commodities trading.
I happen to be one of the oldest members of this forum and it really pains me to see many new persons wasting time and money by not adhering to basics. To start a small teashop or paan shop ,one needs a few lacs but when it comes to trading in shares and commodities,people want to make millions,investing few thousands and doing part time! This is the main cause for failures.
Just to give an example of my personal one,I have done post graduation in Law with degree in Commerce and MBA in Finance.Trading is my passion and ONLY business right from the day when NSE and MCX opened.I sit before my computer from 8.30 in the morning till 11.30 in the night ,when Commodities market closes.I have invested in infrastructure,like three good computer system,high speed internet,power back up,airconditioned place where concentration can be there.I do not entertain anybody during trading time.No social networking sites,music etc.Do not subscribe to any tip provider.Developed my own strategy and stick to it.With these in place,I make money and no other business excites me more than trading.
So,first like what you are doing and have faith and patience. Success is sure.
Good luck..
I happen to be one of the oldest members of this forum and it really pains me to see many new persons wasting time and money by not adhering to basics. To start a small teashop or paan shop ,one needs a few lacs but when it comes to trading in shares and commodities,people want to make millions,investing few thousands and doing part time! This is the main cause for failures.
Just to give an example of my personal one,I have done post graduation in Law with degree in Commerce and MBA in Finance.Trading is my passion and ONLY business right from the day when NSE and MCX opened.I sit before my computer from 8.30 in the morning till 11.30 in the night ,when Commodities market closes.I have invested in infrastructure,like three good computer system,high speed internet,power back up,airconditioned place where concentration can be there.I do not entertain anybody during trading time.No social networking sites,music etc.Do not subscribe to any tip provider.Developed my own strategy and stick to it.With these in place,I make money and no other business excites me more than trading.
So,first like what you are doing and have faith and patience. Success is sure.
Good luck..
Sir , then what is your timetable for rising, sleeping , lunch and dinner and what about your health ?
Regards
pav
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