#Traders path #Futures & #Options
1: Understanding the game
Trading is not much different from playing poker game or betting on various other things.
It’s just a structured game where rules are not made by anyone, but needs to be followed by everyone in game.
1: Understanding the game
Trading is not much different from playing poker game or betting on various other things.
It’s just a structured game where rules are not made by anyone, but needs to be followed by everyone in game.
Understanding those rules and adjusting yourself is a continuous process which will never end. As #SEBI would keep on changing rules.
The important thing to understand is any thing in life if we want to succeed we need patience and dedication.
The important thing to understand is any thing in life if we want to succeed we need patience and dedication.
A 2 hour webinar or 2 day course can’t teach you about #CapitalMarkets or #Trading it’s impossible.
Personally i feel have around 40-50% knowledge about capital markets after more than 12years of trading experience.
Personally i feel have around 40-50% knowledge about capital markets after more than 12years of trading experience.
So if you think a trainer would pass on his #knowledge in 20 hrs your a fool to think so.
Understanding this game does not require #cash #funds or some #twittergurus classes.
it requires patience and a thirst to learn something new.
Understanding this game does not require #cash #funds or some #twittergurus classes.
it requires patience and a thirst to learn something new.
Follow people who you think are genuine and know something more than you but don’t start #trading on their advice, try to gain knowledge from them.
There are thousands of good #books out there read them.
#NISM offers an excellent modules for #financialmarkets
There are thousands of good #books out there read them.
#NISM offers an excellent modules for #financialmarkets
try and understand theory first.
Once you think you know the game, then your at 1% yes believe me the first time I thought I knew everything today I know it was not more than 1%.
Just think logically if it’s a zero sum game then do you really have an edge to it.
Once you think you know the game, then your at 1% yes believe me the first time I thought I knew everything today I know it was not more than 1%.
Just think logically if it’s a zero sum game then do you really have an edge to it.
2: Playing the game
Usually ever #trader gets a winning streak at his start of his trading journey, I also went through the same path.
The biggest mistake is that thinking you can do the same on a much larger #capital and #consistently.
Usually ever #trader gets a winning streak at his start of his trading journey, I also went through the same path.
The biggest mistake is that thinking you can do the same on a much larger #capital and #consistently.
When we read and see some fancy #screenshots we think that if they can why can’t i do the same.
First of all personally feel that these screenshots of #twittergurus are their success stories whether true or not is an whole different topic and a right gauge to your journey.
First of all personally feel that these screenshots of #twittergurus are their success stories whether true or not is an whole different topic and a right gauge to your journey.
Don’t get lured to these numbers no one in this whole world can make #profits so consistently.
Make a plan for your #trading journey record each trade in your journal and it will help you improve a lot in a longer run.
Data is the key don’t loose data of anything you do.
Make a plan for your #trading journey record each trade in your journal and it will help you improve a lot in a longer run.
Data is the key don’t loose data of anything you do.
Keep atleast a 10 year target to become a successful trader, in this journey you will be blowing your capital up atleast 2-3 times.
So don’t #leverage your wealth don’t even think of quitting your #jobs or #business to do #trading full time atleast in intial stages.
So don’t #leverage your wealth don’t even think of quitting your #jobs or #business to do #trading full time atleast in intial stages.
In your Initial years try to identify #mistakes you made in your losses and learn from your #winners try to adapt to different styles of #trading and stick to whichever suits you.
Don’t try follow blindly others trading style if you want to become a successful trader yourself
Don’t try follow blindly others trading style if you want to become a successful trader yourself
3: Staying in the #Game
If you can’t take losses in a trade your are not meant to play this game.
It’s extremely difficult to go off a losing #trade and enter a new one.
But if don’t book a #loss on a trade you won’t remain in the game for long
If you can’t take losses in a trade your are not meant to play this game.
It’s extremely difficult to go off a losing #trade and enter a new one.
But if don’t book a #loss on a trade you won’t remain in the game for long
To win any game first thing is survival if you can’t play it anymore you can’t win it.
So preserving your #capital and not loosing all on some bad #trades is the key to it.
Once you start surviving various #market environments on a regular basis then the first hurdle is done.
So preserving your #capital and not loosing all on some bad #trades is the key to it.
Once you start surviving various #market environments on a regular basis then the first hurdle is done.
Not making a single penny for a long time is perfectly ok if your not losing on your #capital.
Every successful #trader won’t even remember his small losses in his carrier but he would definitely remember the big ones not only #losers but #winner too.
Every successful #trader won’t even remember his small losses in his carrier but he would definitely remember the big ones not only #losers but #winner too.
If you don’t have big losses big winners are bound to happen.
Patience’s is the key.
Learn Learn Learn
#Futures #OptionsTrading #Volatility #NSE #BSE #CapitalMarkets #Trading
Patience’s is the key.
Learn Learn Learn
#Futures #OptionsTrading #Volatility #NSE #BSE #CapitalMarkets #Trading