Solving Problems

Over and over again, I made several time this mistake. Being a professional trader I worked lot to put this two weak point of mine into the right direction. I tried and failed. Frustrated for the long time. One is booking the profit too early and second is not cutting the losses. Being novice, I wiped out my account many time. This thing has hurt my trading career for long. I frustrated and decided not to do trading. But this is what I find fascinating. So, I started finding the right solution. I worked upon the psychology and read few books and talked to fellow trader. Most of them accepted they too had faced the similar challenges. But they mastered this. Today I made some similar mistake and thought to share this. 1. Not cutting the losses and at the end it pile up to give you bigger losses. This is what happened. I took a trade. It seemed all good for sometime. Then it start going against me. I was knowing that if this break this level. It will move furthe...

Note:- It's just rough idea of poem. Don't expect much. 1. Sapna dekha that pankh phailake udne ka, Na Jane kaha phas Gaya Dil dahalta hai, sase atakti hai Na puhunch paane ka 2. Dil me darr liye baita hu,   Kaam tezi se Hota nahi,  Bas aas liye baita hu 3. Kyo dekha tha, aur Mana tha wo sapna suhana, Aaj na pahunch paane ka sansay liye dhodata hu, Sase chalti hai, par Mara hua pata hu Dil me aas liye baita hu, bas yk umeed liye baita hu. 4. Akela nikla vishwa jitne, Na jaane Kya Kya khatra mol Lena padta hai Bas aas liye baita, Dil ko tasalli deta hu Bas aas liye baitha hu 5. Bhar pet Khana nasib nahi  Bas aas liye baitha hu Maa itnzar karti Bas aas liye baithi hai Aur kitna chalu Kash ye manzil choti hoti Par aas liye baitha hu 6. Na rone se kuch milega, na hasne se kuch milega Milega to sirf mahnat ke rash see 7. Kamyabi milti hai dard ki kokh see,    aur Nakamyabi milti hai sirf yk galati se    Bas Dil me aas liy...

Just I was checking my to do list last Friday. How much I have achieved so far. I found that there were too much shortfalls what I dreamt. Just I looked behind my past action. I found lots of pitfalls which would have solved as better way, if I had not depended on the external factor. Where I have no control. I didn't have quite well feeling and emotion afterwards. I started finding what were the mistakes that I have made.Which might had been avoided to get the better results. One of those things. I ignored was that. I haven't seen to myself. Mean, my ability and work that need to be finished before the target. I just kept looking other person, who would work and give me the related result. The expectation and belief destroyed over course of action. The results are now the proof of meagre achievement. I blamed the system and people, society, policy, economic condition, past and future. And one thing that left was the present from where I have to start my journey again...

Phase begin with the world of knowing that some people around this world make large return by investing. There is no match with the way a stocks perform over a period of time. If you remain invested with good company, even you can become millionaire without creating the valuable company. Just you need to find the undervalued one, which have great scope to perform in the future. I totally agreed to the concept of buying the ownership of a company. This industry drains huge amount of wealth (trillions dollar every day) from retail to large corporation. Millions of smartest people work in this industry. There is lot more advantages, if you know well what you are doing here. Else there is another dark secret, which nobody tells untill you become one. With success comes lot more failure. There are lot more worst stories as well. But who cares about that. It's just the matter of choice. Few understand the stock market. Most drains the hard earned money. Like every industry only t...

I am here to share you a entrepreneurial view. How an entrepreneur born or become. Is there any difference between the normal people or being someone different. Like an entrepreneur. Why they behave in some different way to every question. Why not every people. What makes an entrepreneur. What are the indications that You are made for entrepreneurship. Like this there are millions of questions that strike to my mind when I was at the initial phase of my life. I got amazed with the way entrepreneur deal with the problem. Very different than a normal people. There were whole bunch of thoughts that keep day and nights awake to think, How? That is where idea generates, where there is will there is a way. So, I started searching. When I typed my question about entrepreneurship on the google. I got millions of answer in response. That was most fascinating for me that there were free of information available for the common people. My age was around 18 then. I gone to my colle...

It's a financial market where share of a company traded publicly. Mean, anybody can buy and sell the shares of a company listed on the stock exchange. The term stock exchange itself clarifies that stocks are exchanged between the buyers and sellers. What are stocks? It's a share of a company. Share is ownership in the company. For example, if one of your friend wanted to start a company and he needs some money but he can't pay you in near future. So, instead paying you, he offer you to become the owner of the company. There you may hold few % of the company. But here you own depending on the size of your investment/capital. Also known as capital market. It's a simply a marketplace like any other market. But here ownership of a company is traded. Other than those, currency and commodity shares too are well known on the exchange. People participate on their knowledge and learning base. If they feel this way have good growth in the future and wanted to make an ...

Before diving into the career of entrepreneurship. These are widely acceptable books that every entrepreneur should read. I read most. Not all. I have felt the change by reading them and I am on the way to finish all from this list by the year end.  It has shaped me like a novice to true dreamer. The potential of me increased and I am dreaming bigger and better. After this bunch of books, you will feel fresh and energetic for sure. You will have new beginning and enter into the league of creating value for the society. Lets take a look at the list. 1. Think and Grow rich 2. The secret  3. Rich dad Poor Dad 4. The intelligent Investor 5. Money Master the game 6. The 4-hour Work week 7. The millionaire Fastlane 8. The power of habit 9. Atlas shrugged 10. How to win friends & influence people 11. The $ 100 dollar start-up 12. The monk who sold his Ferari 13. E-myth Revisited 14. The 10x  rule 15. Zero to One Hope you ride ...

Every stock trader have different observation in the market. But few are very common that needs to be addressed so that trader can remind and remain on their gut while trading. This is all psychology game inside your head. So, the lesson is pretty hard to practice. It takes lot more time than we think to master the art of trading. The most common thing that I want to share are: 1. Needless to say Money Management and Risk Management. 2. If things are not going in your favour, lets say for an hour, I think you should get out with booking the very less possible loss. 3. Every second some stock is going up and down. So don't rush to enter the trade. Be patient, analyse well and enter at the right time. 4. Trail the profit in the moderate to low moving movement. But act fast in the fast moving stocks. else catching the profit will not happen. (Trail doesn't work in fast moving stock, it is likely to hit the trigger). 5. It's important to make a decision when to trade, wh...

In trading industry one of the most frequently asked question is "where to put the stoploss?" This is really a challenge. The solution lies on two half. First is the chart pattern. And second is the area of value. Second one is more important as it is more relevant than the first one. Because looking at the chart pattern nobody can tell you on the shorter time frame where to put the stop loss. Bigger picture like a day chart can confirm it. So, do technical analysis well and observe the pattern. This is one cool idea. Another is Area of value. Now, what is the area of value. It is simply the support and resistance. You can also consider the fibonacci level and pivot point. Mean, You can put the stoploss below/above these value. How much below/above. Exactly nobody knows. But relevant to the market movement of that particular day. This is the coolest idea that I have learnt where the stoploss should be. The two term is well known between the day trader support a...

The answer is big Yes but depends where you have invested. Like any business it has pros and cons. Before dive into the financial market also known as capital market. It is yes riskiest market but rewards keep you alive to work harder and achieve the goal. what attracted most people is the return over a period of time with intelligent investment. Here in the financial world people loose as well unlike the fixed deposits or traditional things. May be frequently as well. But the experience over a period will leads to make better decision. Here is the catch of capturing the value rather than creating the value. Most of the books on financial market has the idea of capturing the undervalued company. That is where you need to do all research and use your knowledge to find the best stocks to invest where you can get good returns if invested for few months/weeks/year/remain forever. Mostly the people is fascinated to see the money growing while working. This gives the chance to bea...

While trading I have witnessed several fears that effected my trading career. But some of them are the common fears that leaves us to rethink. Out of them, 4 measure fear are: 1. Fear of leaving the amount in the market 2. Fear of missing out 3. Fear of being wrong 4. Fear of loosing money These fears generally hurts us psychologically and effect our trade. We loose our control on those things which is must to be controlled, as being a consistent trader. Logically if you read these points, you will find commonality in all. and that is psychology behind initiating a trade. Now the question arise is how to go ahead with the solution. First like a pattern of the chart. Remember these points in your head. Remind yourself several times especially revising at the weekend. This will take time and make a space in your head while training through this. Next time when you will initiate the trade you would remember these automatically and you will make better decision.

Since I started trading I thought, I would become millionaire within next few months. But when I jumped over trading. It become much tougher task. I keep on draining my hard earned money. Everyday, Every week, I learned from my mistakes as well from the others. By reading and listening on various platform. I thought I am done with this. what happened next is, again I repeated the same mistakes with little improvement. I pep up myself and remind myself, I can't afford to loose at this stage. I have huge responsibility, I have to rise. Again revised all the things from my past experiences. This time I thought I would not repeat the mistakes. I was the right till I haven't entered the trade. As I took up. I found that it's wrong again. I have to get out. But the psychology inside my mind was that at least it would give all charges that I have to pay or few rupees profit. It can't do like this. wait. I waited till next hour. What happened? I lost and triggered hit the...