Creating wealth with 25000...impossible?? No...possible

Hi all,
posting here for the first time.. Planning to trade with 25000. . NO TARGETS AT ALL .. Will post my trades daily here..

Today is second birthday of the trader in me.. Thats y starting this plan now.
I am aware of my weaknesses and strengths..
If my strategies are successful , will definitely disclose. If not then i will go back to learn more.. So plz dont follow me till i succeed.
Reason of posting here?? I want seniors to pin point my mistakes, as criticism will make me more cautious with my trades.
Regards
optimist

Hi optimist,

Welcome to the forum, I think your target is over ambitious. Although this kind of feat is in the realm of possibility it is highly improbable. Considering you have been trading for a year you have about as much chance as a young man from a small village in India coming to Bollywood and becoming the next Shah Rukh Khan. Although this analogy is possible and say Dilip Kumar may have done it the chances of success are infinitesimally small. Even if you were to achieve this it would be attributed to luck and one can not always be lucky besides you would not be able to sustain such a performance you would certainly blow out a few years down the line. To do this you will have to take unecessary risks which could lead to large drawdown and perhaps even impede your chances of returning to profitability.

I personally urge to have a more realisitic target. Why not concentrate on learning correct trading practices rather than aiming at exceptional returns. I think it will be more beneficial in the long run. I do not mean any criticism but only want to encourage you to follow the correct path.

All the best

Oh wow.. What a remark on my first post. Thanks mr. Marcus , i need these kind of warnings and suggestions to keep me disciplined and cautious.. Thanks again.
Regards
optimist

Hi Marcus.. would like to share a fact with you.. already on this Forum one member has made 36,00,000 from Rs 60,000 with in 8 months.... It is Hard core real fact ... i know about one only may be there are others too..... one or two members have seen his trading account and there comments was" they r now Rethinking about the possiblities"........never underestimate a Human Spirit......

Anything which can be tested should be tested.......In the stock market like ours where we see 400 points movement on nifty and still just 64 points positive close then previous week close .... words like " Over Ambitious".." Realistic targets".. "learning correct trading practices ".. Hardly matters

Go Ahead Optimist.......Sky is the Limit.. remember one thing.... "Scare money makes no money"

Chintan

Dear Optimist,

Nothing is impossible. Good luck and best of luck to you. But what will you trade? nifty or stocks future or options? will you be day-trading or swing?

Hi,
You chose the right ID for for this thread : Optimist!!!!
Yes everything is possible!!! Not discouraging but feel that the target you wish to achieve is possible in FnO, so feel the initial capital is a bit small!!!
May be you have other plans, maybe you are thinking different!!! Look forward to your plans and trades!!
All the best!!!!!!

Hi Optimist
Expecting good trades from you.Best of technicals.

Probability of achieving this will never be zero. Rakesh jhunjunwala started from 5000.
you are starting with an amount five times of that. Good luck and welcome to the forum.

Dear Optimist,
Nothing is impossible if your efforts are consistent and in right direction. You will be able to achieve your target with just 2.82% of daily cumulative profits, so, just concentrate on daily target. Good Luck.

One thing one should understand before entering the markets is that Markets are not casinos, one should have a realistics target. If one is able to get 100% returns per annum on ones capital on the long run then he has defeated the markets and the best of the world brains by a wide margin.

As your target is 10crore from 25K in 18months , your average compounded monthly return should be 58.532% per month to achieve your target. Impossible - no, difficult- damn difficult(maybe more difficult than winning an Olympic medal). It is the losing trades that you have to take care of because one bad month could take you back many months .
On the other hand if you double your money every year than you would have made 10crores in about 12 years and that would be fantastic.

Even the Richest Man of the Planet the Great Warren Buffet has been able to make a little over 20% annually for the last 50 years. Yes Rakesh Jhunjunwala started with 5000 but it took him over 20 years to make that 1 billion dollar (4500cr). What market gives it takes back very easily, you have to very intelligent to protect your profits because after some success you may have to protect yourself from yourself (fear and greed the biggest traders/investors enemies)

If you are able to acheive your target I think you would be the only one of a kind (one in a Billion Kind of Guy), as your starting capital is not much, I can only say one thing, GO FOR IT!!!!