Hi dude
My name is Manish Dhawan. I run a 3 million fund by the name of MYSTICS.
Mystic Funds
I am going to be very rude here, take it personally. You are exactly 'the kind of people' who give speculation the bad name!!!!.
ask your roadside kiryana store how much investment did he start with. or in your case, worse still ask your local paan shop. even they start with a base of 10-20 lakh Rs to earn a ROI of around 4-5% per month (that is if they are lucky with amazing footfall and rapport)
step 2. Read Risk management article wriiten by Ed Seycota on his website.
in a nutshell you cannot risk more than 1% of your corpus on 1 trade. ATR of Nifty ensures that your stop loss has to be 50 points away. 50*50= Rs. 2500
(backtested and optimized from last 3 years data on 12 min timeframe, I am not even talking about hourly charts)
to bear a loss of Rs 2500/ trade you need to have the capital of Rs 2.5 lakhs. so to trade 1 lot of nifty, you need 2.5 lakhs.
Now lets talk about returns. I don't know what strata of society you come from, but I presume you need around 25k/month that your average paan shop owner earns.
you need 500 nifty points in your kitty to earn that amount with 1 lot trading. IMPOSSIBLE.
Hope this helps. My friend Stock market is like any other profession, treat it like a casino and you will get the same results.
why didn't you think of becoming a doctor, a lawyer, a journalist by reading a couple of books. coz it takes more than a couple of lousy books. it takes 3-5 years of toil, hard work and commitment before you start earning.
STOP insulting this full time profession and try and figure out and experience the hidden feelings of insecurity, get rich quick hog that you have based on some psychological disease.
Like Ed Seycota says, your un experienced deep rooted childhood feelings are your real trading system.
and you will find ways to create HUGE loss making dramas to manifest and experience those feelings.
Manish Dhawan
