Trading profession v/s other professions

  According to me  trading is just like any other profession like Medicine, Law, Teaching and Engineering . It is all about skill development. But unlike trading, these professions have an advantage. We can always conceal our failure and mediocrity there. We can always put the blame on others and situations .We rarely suffers due to our mediocrity and inefficiency. Our client or our employer always suffers. Just think about this for a moment. How many people you know, excel in their chosen professions?

    Finally think about how much money we need to spend on education to land up in a good profession. We may need to spend several lakhs to become a specialist doctor. How much we need to spend for an engineering degree and a reputed MBA?. Here in trading, people are not willing to spend on education and pay tuition fee to the market. Everybody wants to mint money from day one.

    There are no short cuts. Select a method with an edge and get yourself trained. Be ready to pay some tuition fee( loss during learning phase) to the market to be consistently profitable for financial and pshycological freedom.

So many are doing it, we can do it.

How to learn day trading?:according to me

               If you are ready to take a little effort, you can learn it really fast.

1. Gain the basic knowledge of markets: what are stocks,futures,options,commodities,forex?, what are the     core concepts of working of stock markets? how and how trade them? etc etc........ the questions goes on your mind and know the answers for all... how to know answers? simple " google". open demat and trading account from a broker( do some research to select a suitable broker for u )

2. Based on the knowledge you gain select  what to do investing or trading? or which segment stocks or    F&O or commodities etc...... or may be any script (ex; nifty or crude oil ...) i mean select what to do and on which to do?

3.  Select a method for trading, u can develop ur own method by ur knowledge and studing historical charts or in web so many method for all time frame are available.
   Select  the style of trading (scalping or day trading or swing trading or positional etc) and chart timeframe on which you are comfortable(1 minute ,2m,or 15m or 30m etc),do ur own reasearch .

4. Backtest   the method on historical charts to check how efficient and how it works. do paper trade the method on ur selected script and timeframe for some days or months untill u gain confidence , repetition is the mother of  learning any skill.. make changes if needed. prepare a trade plan that is consitent and comfortable to u.

5 Go live with minimum lot size, record and review trades and learn lessons from mistakes.
  practice a lot for consitency and Win More, Lose Less

6 Review ur performence for consistency, prepare a trade plan with all loopholes corrected

7 Go on increasing ur lot size  and repeat the process of record ,review and learn lessons from mistakes.

 This is just my view, use ur discretion and  u can ask me , i will try my best to help if u have doubts .
 Don’t worry if you cannot invent  You can always do Reverse Engineering use "google".