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Showing posts from February, 2019

How I reduced my losses in intraday trading?

I am trading into indian stock market for more than a year. I have been a consistent loser. Made huge losses in the beginning. Nights were sleepless and continuous thought of whether should I continue or terminate my dream of becoming a intraday trader? should I stop trading or continue?? With losses these type of question is not a surprise. I had been struggling very hard. Kept on finding the solution through multiple sources. But till then I worked without any pay for a year. I don't know what attracted me to the market. I loved it with my heart. so wanted to learn and cut my losses. but how? Let's take you through the process which I tested over the year and learnt the hard lessons. I started with very small amount. Lost all within few weeks and put another and lost that too. Then I started questioning myself. From the questioning, comes the findings. Even though I was analysing my trade i made losses several times. Blown my account. My parents were like what happened t...

How can I invest money in stock markets?

You can invest through SIP mode or mutual fund or direct by opening an account with broker. Which ever suits you according to risk appetite. Be careful before taking the route. I mean just go through basics at least. Or get the somewhat knowledge about stock market from near by you having any type of experience. Or just asking the smart question over here. For more check out my profile.

Can we really make money in Stock market in India? If so than how should I get started? With how much amount and stuff

Yes it is possible to make money. Condition applied, you have to have right attitude to learn all the required prerequisite for the stock market like any other profession. Secondly, You can start just within 10–15 mins. Open an account with a broker online. Every thing will be done from your home. Get ready your documents. There are number of broker, choose one and open an account. Amount is a certain deal. People come with 1000 to 100 cr. Depending on their risk appetite. It's not easy money making machine untill you learn the skill. For that you need to spend time with stock market. Some people become independent in a year or some in 5 years. On an average 3–5 years. Again as your learning appetite and time you spend on sharpning your skill. Lastly, When you learn all basic, go through advance and build your system to buy and sell. Conclusion: As you know first learn than think to earn. Go slow. It's a money loosing market until and unless you know how to make. Mean le...

How do you find the strength to start a new startup, right after your first startup failed?

I know in real world people may think or subjectively you might have failed. But on philosophical note you didn't failed. You can take out the better things out of that and improve on the next big idea. Only the experience of what's not working can save you to become next successful start up. I got strength because I am loving what I am doing. I failed with all my previous startups miseray. But it's ok. Time has given new thought and new venture to solve new problem. Every second there are some different type of problem get created. Just solve them and build Start up. It's you who have to see the next big thing. May be just next to your eye and you don't see it with that perspective. Check out what haunts you. Which someone has to solve may be govt or some another people. But why not you. If you are facing the problem. Solve for the others and get paid. Start small and that small would turn into giant. See the hope. That's how I am proudly proceeding.

How can I learn to day trade better without losing a ton of money from real experience and YouTube guru courses?

Use your bad experience and build a system to buy and sell. Whenever you get the signal you should perform the task and repeat with the process. How to build such a system. Depending upon your style. Use combination of indicator or whatever fits you. Back test them with past chart manually or anyway. Then deploy them in live market. See whether you have made money or not. You have controlled your losses or not. If not test again and again. Till you find it. Start with a system else you will keep on loosing. Because humans beings do make mistake. And stock market punishes heavily to mistake, no mercy game. But syetem have less false decision. If you can devote your time to do this. It will be with you for long and can improve further as you think. No system is always a winner. But know to minimize losses at very minimal and maximize your profit. You can you will.

How do I start intraday trading in India? How much should I invest? P.S I am new to investing and trading.

Open an account with a broker and start right now. All can be done from anywhere provided you have all documents. As small as 500 can be traded and invested. But to earn from the market. It will take time. Like 1–3 years. Don't expect quick bucks possible. Money here too is earned hard way. See my profile for more.

Why do some brilliant young people take up 9 to 5 jobs, when they could be entrepreneurs?

Being an entrepreneur is hard way. You have to struggle very hard. Even you have best college degree and brilliant by that creteria don't work in entrepreneurship. It's difficult and suffocating. Need to fight from yourself first. I mean by fighting yourself. Really you have to find out how things work. 9–5 job is not much hard than being entrepreneur. There you might have to face your survival. You have to survive like the Darwin theory says survival of the fittest. I put my everything at stake and still seems 9–5 job might be better option. I am loving what I am doing that's why I am sticking with my entrepreneurship. Rewards is higher but on later stage. Which is like curve. Mean you will be rewarded later if you choose entrepreneurship instead of job. It's society and you. You have struggle from both end. If you like it. Ok. Else life become football from both ends. Entrepreneur need a different set of mindset than to be a employee. Employee follow rules from...

What are the multibagger stocks that will yield results in next 3 to 4 months?

For the next 3–4 months it's the steel, finance, auto sectors. My reasoning is very simple for every down to good company is better time for investor to get the stocks at better price. That is also the simple principle of value investing. Search and open chart as many from nse website from above sector. You will find many at better price right now. For more see my profile

How can I learn how to day trade and avoid all the guru/expert trader scam artists? What legitimate books or resources would you recommend?

Don't think every guru is just a cheater. Like for every asharam you can't say spiritual leader are just scammers. Fraud is everywhere. You have to be wise to select the right mentor. From books or online resources or in person as coach or trainer or mentor. Next thing about resources, here it is For beginners: Start with zeridha varsity for basic understanding of how market is working and all. The terms and condition regarding the market. Later there are several thousand books available. Choose one by one and read 2–3 books. You will get the idea to trade in the market. And keep sharping your axe till magic doesn't happen. Learning is not linear. It's a curve. Follow the process for a year or two. You will be smarter. Till then enjoy the process else more than making money you will loose. For more check out my profile.

Can day trading be done through simple indicators such as moving averages?

Using of indicator is our personal choice whether should u include or not. It's your choice. However like most indicator it is best useful in trending market. What I observed that most indicator use average to calculate whole scenario of indicator. Rsi, stochastical,macd, super trend,EMA. All have basic ingredients i.e average. So using the moving average is quite good for the trading. Personally I don't like indicator but oftenly I check the trend with my indicator. Which is again a combination of average. So back test it in at least 20–30 charts and see can you grab the momentum. If it's ok. That what needed. Indicator is just like Google map which is just directly giving you the way where it is heading. If you know the place where it is moving with your experience. Then using or not doesn't make sense much.

Are Indian stock market heading for a sharp correction due to possible army action on Pakistan after Pulwama terror attack?

If we at look the scenario, how Indians get effected with this retaliation. I have no idea why Indian business will get effected. what I see is Indian business will be powered with strict action against the culprit. India will stand where it should in this contemporary context. India is a rising star with specializing in every field. If investor would have the strong sense of security and prosperity. They would invest more. Offshore investment will increase. Moreover Indian home investor too get the confirmation and confidence. Where they have faith with the system of capability and prosperity. Responsibility will be defined. That is what needed to grow as a business. Another factor is pak business. They are already napak(not of any use). We don't have any such business which will hurt rather they would hurt much more. Their stock market should go to hell. Bcoz they are loosing credibility to the world not us. Lastly, I see a positive impact to the retaliation which is must f...

I'm in a high school. I want to be rich someday but I don't have any interests on jobs. How can I discover myself?

I writing this note bcoz I didn't found the solution of your problem. Here it is what you should do in order to get rich. Learn skill which is highly paid whether you have money or not. Nowadays most things can be learnt from YouTube or free medium. Stick to a skill till you lost your faith. Read as much books as possible. Entrepreneurship, business, leadership, Spiritual, or the interest area of yours. Get down and sharp yourself and the arena where you want to venture till you become better than your role model. Becoming rich is just one step ahead between you and the process. Which people say the work has to be done. So look the interest area and make use of them. See to industry level. You will make lot more than you think. Work like no other day is left to make it a sucess. For an average people success comes 5–10 years from the questioning. So make the use of this information age and ask many such question and get the answer and grow fast. Then may be you will be ther...

What is day trading and is it legit?

Buying and selling of shares on the same day. Mean you will take a trade and you have to execute the very same day with profit/loss. Yes people do have doubt about legitamcy. Which shows the poor finance knowledge. Mean you don't have basic understanding of economic. Yes it it legitimate like you buy veg from your local market. Regulations are the there with sebi as the govt agency. Bse and nse as exchange as the meditiator.

If the stock I have bought for short term goes up by 5 percent then how do I know when to sell it or keep?

Before making a trade you expect something. So what is your expectations. At which level you think you might have to sell at the time of buying. At that level you should sell. As per my personal opinion is concerned. I would say wait for the resistance technically. Till that you can wait and enjoy the trend of being right. Bcoz every time you can not make the right trade. If you are into trading, you can make Sense. What I mean. So let's check the levels where is your expectations or find the resistance. How to find those levels?? Zoom in the charts of 30 mins/days whatever and mark the levels. You can use Fibonacci as well. In case of indicator following, you can see the possible indication through your indicator. Moreover take advice from the fellow trader/professional. Apart from that, learning begins from questioning. So you did. Make sure you join some group/group of people with similar interests. Meet them and discuss your ideas more in depth. You can do...

I have 1000 rs. How can I make them a million while living in India?

First thing is you can't. Secondly if you are asking questions on internet it means you have to access to data. Now you can become an entrepreneur and become a millionaire. How?? Learn few skills which is highly in demand like AI expert. Sell them on multiple platforms. Which is not easy at all. It takes time. Literally good amount of time. For serious person and obsessed with one skill can do in a year or two. But little procrastinate person or average person. It takes like 5 years working 6 hours a day. It's millionaire dream from 1000 rupees. So will take time to build from scratch. If don't know which skill is demanding. What you can do is show the skill you have and improve and repeat. Sell to the world. Make use of YouTube, Facebook etc. Earn the rights to reach to the audience with your skill. Again need time and effort. Thirdly, I can say use existing method like taking up a job. Keep learning and move from one post to another. May be in private/govt secto...

What should I do if my overall gain in stock market is around -35% (-20 to -45% for individual stock)?

Know why you have taken in first place. What were the reason to take them. Don't get bogged by every day movement. Know why it is down. Know if the stocks is ok or something cooking inside very bad. Do know the detail. Let's not forget to analyze fundamentally and technically. Do ask the specific question from your advisor. If something seems more bad. Exit from them. For more, contact me. If you think.

What are the basic rules I need to follow while investing first time? How do I grow my knowledge about investing and trading from zero?

Every 5th person says stock market is gambling. If they can't understand, you can't make them understand. You asked mean you Wana know the real market. Coming to your point what you can do is start from zerodha varsity which is just basic of stock market. Then you can you can decide whether you can make entry or just be outside it. If you decide to go, then start reading financial newspaper like economic times. Go to sites like money control. Explore and learn for 6 months without any intention to earn. Next find what type of person you Wana be in stock market. A broker, analyst, trader, investor. After that go on reading the books related to them. Search on Google or ask here or from your fellow mate. Buy the book and learn well and implement them into the live market. Thats how you will grow and can make a mark into this field. Ask your doubt frequently. You will improve and learn fast. For more DM me.

Is it possible to become a professional trader with online education? If so, which?

To be a professional trader is no different than any other profession. It takes time. May be huge for some and little a year for another. But it takes time. Like a cricketer can't become professional in a day or two. As every person can play but to become professional you need to put time and practice hard. The journey is full of adventure, uncertainty but when you look back you will love it the way it is. I entered like any other to earn quick bucks. But it never happened. Contrastingly I lost and my mental and physical health got effected. To be become a trader you need to know all basic nuances on which market works. Practice and repeat over and over again. Then also you will feel the pressure to put the trade like any every player feel in the field. You will have to just keep improving, just a step ahead every time. Here losses are the best lesson other than books. Which will open your mind. It's the hard way. Very tough journey than you think from outside. ...

Would I ever be able to understand stock market?

It's the uncertain game. If you know you can be wrong and get out from wrong decision. That is where your understanding will be measured. Learn that and ride the right trade to make profit. If you can do that. You have the trading understanding. Regarding stock market as whole. Yes, it's a market place to sell and buy shares like any other platform. Simple.

Is it possible for an undergraduate student to make around 4,000 INR monthly via the stock market or by any other means?

Till then keep tracking nifty movement and do paper trading and real trading occasionally. Get obsessed with the market for a year at least. Know how markets work. Where to enter where to exit. All can be learnt with a mentor or on YouTube or self trading ie. Practice in the market. Get all the lesson before you can make consistent gain. Market are set to loose if you don't understand it. So be wise and practice with small amount at least for 3 months. Then you will come to know where you are. If you don't want to dedicate your time don't enter to stock market. Use your talent where your interest are. From there you can earn handsomely. For more check out my profile.

Could you earn 5% a week in the stock market?

I will take an example of today's stock which gave a movement of more than 5%. i.e APOLLOHOSP(-10%)-11th feb 2019 So even in a day it is possible to make such %. But the thing is how? Yesterday that stock posted their earning and next day something like this happened. So what you can learn from this is that yes it possible to make such return in a week but at the same time there is potential risk. You have to know well before making such up move i.e risk and potential reward. For more visit my profile.

How to choose intraday stocks??

Choosing intraday stocks is always treaky. Bcoz you need good move to make better profit. Let's see. How I choose?? 1. Sector wise from nse site on same day depending weakness/ strong. 2. Sometime news based-much risky. 3. My favorite or what I track daily- on top, I do this. so I think you should too. 4. Result based- quarterly result 5. From this group/ another source- first I check myself then I enter. Note: first find the reason then enter a trade. Do not worry after taking a trade. Happy trading!! How you choose??