Whats your primary source Income?

[fish]

Ive two general curiosities about the people in this forum.

1)Whats your primary source Income?
( Im reading this forum and trying to understand trading.
Some of you are in a huge loss and thus you cant quit trading.Anyhow you wish to recover it.)
Alright,but from where are you putting the money in this business?

2) What was your starting amount into trading and how much are you putting(investing) after few months/years of trading?

-fish
(newbie)

 

[fish]

Well,I first answer my own query-

1)Whats your primary source Income?
-I was working with marketing division then Insurance.

2)What was your starting amount into trading and how much are you putting(investing) after few months/years of trading?

- I've only 10 to 20k(yeah maximum Rs20,000)in my hand to invest.If this amount got lost in a trading,I dont have another 20k.

 

[fish]

no one replied

 

[jain.er]

S/w job 60 K PM

 

[Raju]

Earlier doing H/W Networking .Left it for One year and started trading without plan/strategy/planned capital ,but lost all saving so again started with Job.

Currently doing part time trading and trying strategies with 10-40 k and with some discipline.Still in loss but have confidence that one day would again be recover .

My main enemy is OveraTrading,Less time for trading as have to attend job so have to clear position.I just can't hold any position to next day.So position trading is very much not for my personality.

 

[aryan.]

My main enemy is OveraTrading,Less time for trading as have to attend job so have to clear position.I just can't hold any position to next day.So position trading is very much not for my personality.

Did you try paper trading first or did you directly jump into the market.

 

[fish]

more replies please

 

[gd.shepherd]

Everyone is in the markets to make money which makes it tough (not impossible) for part timers and can make money of each other. I remember Jessi Livermore saying that when you were right on the market, the market rewarded you with profit. On the other hand if you were wrong, the market demanded a tuition fee for the experience to be gained.

Regarding your questions, my answers are:

1) Primary source of income - Private sector job, a part of which goes into speculation. It is a money which I can't afford to lose but have no choice given that savings rate does not compensate inflation

2) I never commit more than 60k-70k per trade. My weakness is overtrading and have to overcome it.

Shepherd

 

[del_66]

Ive two general curiosities about the people in this forum.

1)Whats your primary source Income?
( Im reading this forum and trying to understand trading.
Some of you are in a huge loss and thus you cant quit trading.Anyhow you wish to recover it.)
Alright,but from where are you putting the money in this business?

2) What was your starting amount into trading and how much are you putting(investing) after few months/years of trading?

-fish
(newbie)

1.Day trading full time.
2.It was 20k three years back and no addition to it...

only multiplication

 

[fish]

1.Day trading full time.
2.It was 20k three years back and no addition to it...

only multiplication

You seem a successful trader