A new Life, A new Career, A new Dream - I am a Trader

[ganeshams]

BNF meri bhi GF hai......:argue:
Tumari bhi hai.....:argue:
HUM sab ki hai.....:cheers:

BNF badnaam hui darling tere liya..... ~~~~


:yahoo: - K - :yahoo:

BNF subdari (like Gandari) every ones darling

 

[maneverfix]

Hello friends,

Finally I am out of the corporate slavery and now I am a full time trader.. It was a tough decision but the tougher path is ahead where I will be working from now on. All my time and energy will be dedicated to trading, learning, being discipline and enjoying my new life..

Starting the new thread, new diary, new career from today.. Best of luck to all my friends here, wish me luck too :thumb::thumb::thumb:

All the best

 

[jain.er]

EOD Summary

A good day, did only 2 trades. first trade was a mistakes of finger and order got executed, so had to exit quickly. 2nd trade was a short entry and got 44 points.

Net gain for the day = +40 points

Regards
Taiki

Taiki Bhaisaahab no trades after 1PM ?

 

[Taiki]

Taiki Bhaisaahab no trades after 1PM ?

Nope Jain bro, though one short signal was there from 6000 to 5980.

 

[maneverfix]

some inspiring thoughts from the person who made 400% in zerodha challange.

Hello Guys,

People want to know my system, But to me, making Profit from markets is not about the system, Its about winning over your own emotions,its about the commitment, the determination and some motive behind it. Find some motive, give your sweat and blood to it, Success will come for sure.

I found my motive from somewhere - will tell you my story - When I was In 12th standard, I came to know about IIT, I dropped one year after 12th, joined one coaching institute, tried my best but couldn't go past preliminary round. Second Attempt means waiting for one more year.. So I joined a PVT Engg College in a city near my hometown. My dream was shattered. I knew that I was just near the success, but due to societal pressure, I didn't drop one more year and failed to get into IIT. Then came 3rd year of Engineering, I thought, Lets try IIM now , wrote CAT.. couldn't crack it. I used to get good score in Quants in Mock Tests but my verbal was not up to the mark due to my schooling from small town. In the mean while I joined an IT company after finishing my college. After few years, I wrote CAT again that too when I was married, had daughter and had a home loan. But again couldn't crack

That unfulfilled desire to get into IIT/IIM was always there in some corner of my mind. Then One fine day I thought -"I am bad in verbal, so what.. but I am good in Quants, Let me work on my strength than to crib about my weakness. Moreover, Many of the Guys from IIT/IIM get into number crunching game and work as Investment banker only. Let me try something of this sort. So what - If I don't have formal degree" I knew that there is unlimited potential in financial markets which can be tapped.Why shouldn't I excel in this field to satisfy my burning desire to do something for which even IITian and IIM guy will look me with respect. I found my motive that day, and started working on my goal. I had trading account opened few years ago, which I had blown up a couple of times. I started trading again with my new motive to excel in this field.

One key point which I kept on reminding myself - "CAT/JEE aspirants have to wait for one year to improvise to write CAT or JEE exam again. You have this market open everyday. you can learn from your mistakes everyday. I was fully determined this time . No matter what - I wont give up." I had met one full time trader named Speculator("ichart handle") with help of Rainbow("Ichart handle"). There were many other examples ( to name a few, "Twist", "Jimmie" from icharts) who were working full time in trading. So I had the evidence that yes its possible to be profitable even if the odds are against the trader. I kept on working and working trying to learn something new everyday. In the process I started treating money as number, Yes its purely a number. Even its a money making game, Detachment from the money is necessary to win this game.

Many times I am up M2M with 50k-60k, while my TSL locks only 20k, I am ready to give back my 30-40k to the markets and wait for my stop loss to be hit. And many times, this 50-60k M2m reaches to 80k-100k M2M and my TSL moves up and locks up 50k, and then further M2M reaches 140k , My TSL locks up 100k. How many of us can do it comfortably. If we can do this and ready to give some paper profit back to market -> We can win this market over long run. That's why I said its not the system, its the winning over the emotions of greed and fear.

One Last piece of advice - Don't give up, There will be times when you will feel like giving up, but Just don't give up.The only problem with the Financial market is that "not giving up" means burning some more money.. But remember we can not just come and straight away making money from very first month. It took me 5-6 years to start making me money. So You have to understand that you will have to pay tuition fee. The cycle has to be completed.The steps are - Blow up your account for few times -> Break even for a couple of years - >Start making Profit. You can not directly jump to third step, no matter how many seminars you join, how many books you read.

Its my personal opinion is that - if one is ready to invest 5-6 years in this field and ready to blow up his account a number of times then only he should invest time and money in this. otherwise there are many other fields, where you can excel.

I believe that - One will be successful or not ? It just depends upon how strong one's desire is.

Having said all this - I am still a learner. There are many better traders than me who trade in Zerodha itself, but by God's grace I was given a chance to be profiled first. I have a very long way to go to become a better trader.

Happy Trading And All The Best

source- http://www.zerodha.com/z-connect/blog/view/software-engineer-up-400

Thanks, your post is moral booster, till date I have busted 5 accounts and now planning for 6th attempt.

 

[4candles]

Thanks, your post is moral booster, till date I have busted 5 accounts and now planning for 6th attempt.

Hi Maneverfix

I am sure you will succeed this time. One cannot fail all the time.

The doubters said,
"Man cannot fly".
The doers said,
"Maybe, but we'll try",
And finally soared
in the morning glow
While non-believers
Watched from below."
- Bruce Lee


-K-

 

[maneverfix]

Hi Maneverfix

I am sure you will succeed this time. One cannot fail all the time.

The doubters said,
"Man cannot fly".
The doers said,
"Maybe, but we'll try",
And finally soared
in the morning glow
While non-believers
Watched from below."
- Bruce Lee



-K-

Cause last 5 times was an impulsive trader, used to make small profits regularly and then on impulse holding one against the market and getting wiped, now since last few months spending 3 to 4 hour daily on TJ and learning the wisdom shared by people who are large hearted enough to share their secrets, and learning.

 

[rahul_mail]

Taiki had suggested the book "High Probability Trading" by Marcel Link. Indeed, it's a very good book if you haven't read it so far and will help in your goals.

 

[jain.er]

Can you share the link for the above book

 

[Taiki]

High Probability Trading

http://www.4shared.com/office/iQAm2FbN/Marcel_Link_High_Probability_T.htm