re: Day trading Nifty & Banknifty Futures
Yes agreed, I made a mistake by posting a video where traders turned hedge fund managers are making millions...but that was to tell people that trading need not be limited to 3000 pm salary going to 8000-10000. But when we learn about people making millions and try to learn how they did it to the top, we may not make millions but we can be profitable traders atleast.And billions of dollars came to these traders because of their proven trading skills...not out of inheritance.
ST
I think one thing we are all missing here.. most of these hedge fund folks are not mango people.. they dont start trading like novice.. typically they have mentors who themsevles have been successfull traders or they enter trading as full time jobs due to their alma matter .. harvard/wharton...
anyone from harvard/wharton on this forum here....
I'm not doubting their capabilities, as just like iit/iims in india, there are hundreds who come out of even the ivy leagues in us, but still there are few folks like todar jones (who had Elii Tullis to teach him cotton derivates trading) or others..
So yes there is ton;s of money to be made... and you dont need ur own money to do so.. All you need is guru who can mentor you.. who himself is successfull trader..
So what we are saying is if you are working with mr. junjunwala and intern with him and work with him for few years, yes technically you may start as clerk like todar jones, but you will learn the tricks of trade which will make you successfull to run your own hedge fund..
how many mukesh/anil ambani's have been made.. do you think ambani's learnt stuff in wharton/stanford... no .. they learnt what dhirubhai taught them..
just my 2 cents.. meanwhile watch the video and be inspired.. btw. i do look for inspiration watching these guys and looking at what they are doing at another site called business insider which has hedge fund section..
good for inspiration, but know the reality..