Making a living from market

1. There been a day when Rs.25 Rs turned into Rs.35,240/-
2. There been a day when RS.705,010 turned into 0/-
3. There been a day $380 turned into $0.30/-
4. There been a day $140 turned into $1,760/-

However lucrative the market looks like there is always that Zero Sum Game in the background .The principle is laying an egg in your basket is mislaying an egg in someone else basket.

One has to respect the fact that a single trader’s Intelligence is always below the collective Intelligence he is against. Then one should understand the fact that he is up against some of the brightest minds & machines, so don’t look ahead to any mercy if you had suffered a loss earlier, there is no covenant that next trade would do any justice to you.

Making a subsistence from stock is possible many are doing it, but I personally have not met a single trader who been out in the market with sheer success streak, all had their ups and downs. The overriding must be how one manages the risk, that’s it.How well you can manage the loss or how well you can hedge the capital you have, that all would give you consistency, which is something you should look for rather than a single takeaway.

Learning is one of the key, as like any field an informed person can make better decisions here too, but on the job and in the book it is utterly divergent. Since an infinite number of strategies & tools are available to make one confuse . So sticking on to a single postulate would be better, rather than going around applying all that you learned ,cause each applying of your thought out trades are not in any duty to be in favor of your bank balance.

I saw that you have written you are new to stock market, so a blunt opinion would be don’t listen to anyone who talks as they have figured out the market,they don’t & No-one did or those who thought who did never been always right,market is a drunkard he will walk in the same old random walk theory, so called technical analysis ,well it’s no fool proof system no single system has succeeded every time,so don’t expect them to be any gentle to you too. What seemed to be worked statistically is some patterns which you would come across eventually, but even that is only a chance. A kid with random toss coin decision is no worse than a informed analyst.

The fact is if you are looking to make a living out of trading alone, you would require discipline, which is easy to say hard to get.

Does writing this all makes me any expert ?
No,I know nothing ,the fact that we know nothing will make you realize ,that you really know nothing.

What’s the silver-line ?

Like anything,a gradual progress can be made here too,in fact you can be an expert person in this field because of sheer availability of free resources and experts that are at reach ,which our previous generation missed out at this ease.
It sure be a bumpy road as long as you are no machine and you are a member of HomoSapiens ,you would meet with some good mountain views and some really bad valleys .

Is it possible to earn 10k to 15k?

Sure it is ,

so is to loss too

None to make any suggestion still

1. Read if interested
1. Security Analysis -2nd Edition - Benjamin Graham
2. Intelligent Investor -3rd Edition - Benjamin Graham - Avoid Comments
3. Japanese candlestick charting techniques by steve nison
4. Foundation of Economics by Paul A. Samuelson
1. Probably if from non business or finance background you may find it hard to digest at first ,if a starter start with d, then b ,Aftter that a & then c
2. Use Youtube/Quora/Wikipedia try to learn aspects once only you made your base,else you be forming base about market from couple of wannabes,it’s better to trust good authors than some random strangers with followers ( Self criticism )
3. Getting a Guru is great - (Read Ishmael you would realize something about a teacher in this ) - If he is too good ,he/she would be not be available ,if got lucky you are .
4. If you are good at maths - Sharpen 2 degree derivation with multi variables, basic algorithm
5. Avoid market simulators
6. Open an account ,it would cost around only rs.300 to rs.500,try to work on paper trades ,rather than simulators
7. Follow kaizen a little progress a day can make you 365 times better in a year ,that’s still way better than trying to gulp it over night
8. Continue reading even if you don’t get the logic first, some day lights will make it clear for you .

As to answer for the part of Bonafide

been there done that - Still a kid wondering at the vacuum of space & wondering how tiny we are.

“A person is a person ,no matter how small “ -”HHW -08″

So good luck & All the very best .

I provide Portfolio Management Services,Portfolio Assessment Services,Live Trade Account Management on professional front. 

I love teaching derivatives in depth to those who like to learn.