Prabuinet,
Lets understand the basics rule of trading. There is NO fixed income (period)
There will be days where you might have profit and surely there will be days of losses. You should only worry about a profitable week/month and forget about the % of gain.
Make sure you do not complete the Week/Month in loss and you will start seeing the money flowing very soon. It is the pre-defined targets that create trouble. This is not a One Day Cricket match where you are given a target and you have to make it within 50 overs... so play it like a test match... try and not to lose the wickets (capital).. and you will win the match.
First save those 30K for some good cause and get the understanding of the stock market and how things work here. DO NOT look for tips. Start reading charts and see if you can find some pattern. Train you eyes to tell you what trend the market is making by just looking at chart. Chart Chart & Chart.. they are a MUST.
Go teach yourself fishing by Saint's wonderful words here...
http://rapidshare.com/files/264869583/Saint-Teach2_Fish.pdf
Once you have enough confidence then only invest the money. Before you enter the market with cash, prepare your mind that you will have losses and you need not let them take you down. You cannot cut your losses but you can sure limit your losses. Have your Stop Losses in place. Do not let the greed overrun you. Always take profit off the table, never leave a profitable trade open without taking partial profit from it.
I think that is enough for you to start, and I hope you have gave up the idea of fixed % return every day/week/month. If you need fixed returns then you have FD. Go and get that.
Best of luck!
Lets understand the basics rule of trading. There is NO fixed income (period)
There will be days where you might have profit and surely there will be days of losses. You should only worry about a profitable week/month and forget about the % of gain.
Make sure you do not complete the Week/Month in loss and you will start seeing the money flowing very soon. It is the pre-defined targets that create trouble. This is not a One Day Cricket match where you are given a target and you have to make it within 50 overs... so play it like a test match... try and not to lose the wickets (capital).. and you will win the match.
First save those 30K for some good cause and get the understanding of the stock market and how things work here. DO NOT look for tips. Start reading charts and see if you can find some pattern. Train you eyes to tell you what trend the market is making by just looking at chart. Chart Chart & Chart.. they are a MUST.
Go teach yourself fishing by Saint's wonderful words here...
http://rapidshare.com/files/264869583/Saint-Teach2_Fish.pdf
Once you have enough confidence then only invest the money. Before you enter the market with cash, prepare your mind that you will have losses and you need not let them take you down. You cannot cut your losses but you can sure limit your losses. Have your Stop Losses in place. Do not let the greed overrun you. Always take profit off the table, never leave a profitable trade open without taking partial profit from it.
I think that is enough for you to start, and I hope you have gave up the idea of fixed % return every day/week/month. If you need fixed returns then you have FD. Go and get that.
Best of luck!
