This is my reply to email by one of the regular followers of my blog.
i think its worth posting.
Email::
i'm self retired from my bank job. im interested in trading because i prefer independence and freedom( in both financially and pshycologically).
im still struggling novice trader, im confused, i have some questions to you, i need your explanations
1. how much we can earn in a given time may be per month or per year?
2. which stock/script you usually trade and with how many lots? and how many scripts at a time?
3. someone said 90% of people lose in markets, still why so many are trading?
4. can you give me buy and sell calls?
still have lots of questions i will keep mailing you later.
thanks in advance
mahesh A
my reply:
1. The money you earn has two values the "quantity" and "time", for example person A works hard day and night for 2 years earns 2 lacs and if person B waits for right opportunity with patience earns 00 for 1 year 5 months and earns 4lacs in 7 months then B is in more profit then A.
Coming back to trading we can earn how much you can, its depends on only you, ur the employee and ur the employer,not like any other professional where ur skill worthyness is decided by ur employer. so many lose in markets bcoz of so many reasons like for example they think its easy money,they assume its gambling dont want to spend time and money to learn a method to trade,they want to mint money from day one,lack of knowledge( so many people dont know that in trading we can earn even the price is falling) ,lack of right mindset,lack of risk and money management etc... the list goes on and on...
The solution is simple find all reasons why traders fail and do opposite or find alternatives for that. actually we will learn more from unsuccessfull person than successfull one. here in market there are more unsuccessfull people to make us learning more easy.
2. Im not an expert and im not even intermediate i think im in between novice to intermediate trader, for me trading is not destination ,its a journey, its just a progress to next level,next milestone i keep on learning new things, right now im trading index futures . im a BPL trader.
Right now im not a fan of trading multiple scripts at a time, again this is one of the reasons why traders fail, if we cant be consistent with 1 script then how can we handle multiple and if we cant handle 1 lot consistently, how can we handle multiple lots, we need to scaleup step by step.
3. You are wrong, i think 90% lose ,5% neither lose nor gain and remaining 5% earns consistently. why so many are trading is becoz all thinks that they are in that 5% and the same person(s) are not in the 90% or 5% all the time, people are always keep shifting randomly between 90% to 5%(breakeven) to 5%(consistent) back and forth.
4. I dont follow any tips and dont give any calls.
I believe that instead of giving fish its better to teach them how to catch the fish so that he can survive by his own skill independently and he can use his own discretion to blend the strategy based on the situation. soon i will be posting my method, trades and analysis.
i think its worth posting.
Email::
i'm self retired from my bank job. im interested in trading because i prefer independence and freedom( in both financially and pshycologically).
im still struggling novice trader, im confused, i have some questions to you, i need your explanations
1. how much we can earn in a given time may be per month or per year?
2. which stock/script you usually trade and with how many lots? and how many scripts at a time?
3. someone said 90% of people lose in markets, still why so many are trading?
4. can you give me buy and sell calls?
still have lots of questions i will keep mailing you later.
thanks in advance
mahesh A
my reply:
1. The money you earn has two values the "quantity" and "time", for example person A works hard day and night for 2 years earns 2 lacs and if person B waits for right opportunity with patience earns 00 for 1 year 5 months and earns 4lacs in 7 months then B is in more profit then A.
Coming back to trading we can earn how much you can, its depends on only you, ur the employee and ur the employer,not like any other professional where ur skill worthyness is decided by ur employer. so many lose in markets bcoz of so many reasons like for example they think its easy money,they assume its gambling dont want to spend time and money to learn a method to trade,they want to mint money from day one,lack of knowledge( so many people dont know that in trading we can earn even the price is falling) ,lack of right mindset,lack of risk and money management etc... the list goes on and on...
The solution is simple find all reasons why traders fail and do opposite or find alternatives for that. actually we will learn more from unsuccessfull person than successfull one. here in market there are more unsuccessfull people to make us learning more easy.
2. Im not an expert and im not even intermediate i think im in between novice to intermediate trader, for me trading is not destination ,its a journey, its just a progress to next level,next milestone i keep on learning new things, right now im trading index futures . im a BPL trader.
Right now im not a fan of trading multiple scripts at a time, again this is one of the reasons why traders fail, if we cant be consistent with 1 script then how can we handle multiple and if we cant handle 1 lot consistently, how can we handle multiple lots, we need to scaleup step by step.
3. You are wrong, i think 90% lose ,5% neither lose nor gain and remaining 5% earns consistently. why so many are trading is becoz all thinks that they are in that 5% and the same person(s) are not in the 90% or 5% all the time, people are always keep shifting randomly between 90% to 5%(breakeven) to 5%(consistent) back and forth.
4. I dont follow any tips and dont give any calls.
I believe that instead of giving fish its better to teach them how to catch the fish so that he can survive by his own skill independently and he can use his own discretion to blend the strategy based on the situation. soon i will be posting my method, trades and analysis.
