If New to Trading, A Must read for you.

veluri1967

Well-Known Member
#1
Dear Members,

There is a close relation between Fantacy and Stock Markets. If you have decided to make big and fantastic money by investing in stock markets, I suggest "STOP" right there. Donot put a step forward. You might have heard of stories of making Big money by people around you or in news. But you never knew, how did they make it.

There are more loosers than winners in the stock markets. We hear about stories of winners who constitute less than 5% and jump into the markets by grabbing whatever we have, and loose and leave the markets with empty hands. Again, we gather some more funds, enter markets and story repeats.

The secret of making money is - "Timing and Consistency". To master this, there is no short cut. It is very tedious, requires lot of man hours of study and effort. Here I donot deny that some lucky people might have made money, but their luck is closely adhered to the rule mentioned above. If you believe luck only matters or want to try a random trial, I suggest you to pack your luggage straightway and never return to stock markets unless you are very rich to afford such a costly trial.

Now, for those who believe in their efforts, we have numerous threads here to understand the issues of stock investing or trading.

Never commit your money, unless you have the following trading kit.

1. Trading Plan.
2. Tested Trading System.
3. Technical Software.
4. Money Management Tools.
5. Minimum Trading A/C Balance.

If you fail, take granted that something is wrong with your trading kit.

I wish you all the best and prosperous trading journey.

I am in the process of making a bare minimum trading kit for the benefit of new members, obviously, no trading balance. As soon as it is ready, I will give a link here to download and equip.

My tiny trading kits, as gifts to my brothern, are being posted here partwise. Click the links below and download. I will be very happy if these kits prove to be useful.

TINY TRADING KIT - PART I


TINY TRADING KIT - PART II
 
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#3
Hi

Dear veluri1967

Tks for this educative post. I am a loser in this market. I jumped into intraday without acquiring required knowledge and skill.As a result I lost almost all my hard earned money. Now I have two choices. one leave trading and forget my money or learn how to trade effectively. You know it is not possible to forget my hard-earned money. so can u pls help me how to trade skillfully so that I can recover at least some amount??
 

veluri1967

Well-Known Member
#7
There are numerous Charting Softwares available in the market. Some of them are Amibroker, Metastock etc. But these softwares need data feed for which we need to subscribe to download data especially if you want intraday data. For Amibroker, you have a free trial of 30 days, during which you can check if it is suitable to your needs or not, then purchase it.

However, there are some softwares which are absolutely free including data download. The drawback is you cannot implement scans based on your criteria. But for beginners who have to learn a lot by scanning visually through charts, the link I am giving below will serve the purpose. Download the software from the site. In case of any difficulties starting the software please free to post your querries.

I have posted link for the software as "TINY TRADING KIT - PART II" in the first post.
 

veluri1967

Well-Known Member
#8
Some reading materials and technical software issues are covered. Now I am attaching a tiny money management tool which is basic serves the purpose of trading.

http://www.stator-afm.com/downloads.html

When you open the page, there are two free downloads at the bottom of page. Download the softwares and PDF files associated with them which are of value in understanding money management concepts and system testing tools.

Cheers.
 

veluri1967

Well-Known Member
#9
A MUST READ LINKS IN TRADERJI.COM FOR ABSOLUTE BEGINNERS

Until you become master of trading, you can follow the recommendations in this link for buying/selling of shares, the strategy is closely monitored by SavantGarde, Moderator of this site and Asnavale, a Good Expert in AFL writing.

http://www.traderji.com/equities/29292-stocks-keep-close-eye-chapter-ii.html#post315305

An excellent thread for learning Technical Analysis by Beginners. A must read for Beginners.

http://www.traderji.com/technical-analysis/6072-teach-man-fish.html#post38532


Psychology plays a vital role in trading success. In the following link "a successful trader's mindset" is discussed.

http://www.traderji.com/swing-trading/40202-trading-ranges-3.html#post432219


Since you are a beginner, check your level playing field in this world of trading. A good post on levels of players to be associated with.

http://www.traderji.com/swing-trading/40202-trading-ranges-4.html#post437183

As I said in my earlier post, do not start your trading unless you have a well tested trading system. Here in this link, a trading system is discussed. You will understand what a trading system is, how to build etc basics here.

http://www.traderji.com/swing-trading/40202-trading-ranges-4.html#post438513
http://www.traderji.com/swing-trading/40202-trading-ranges-5.html#post438800
 
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