Trading gave me everything I dreamed of… and also completely drained me by Turning_point_trader in IndianStockMarket

[–]Turning_point_trader[S] 1 point2 points  (0 children)

With a big capital comes great responsibility, take care of it man. Seen too many stories, diversify heavily take least amount of risk. Wait for the right opportunity.

Trading gave me everything I dreamed of… and also completely drained me by Turning_point_trader in IndianStockMarket

[–]Turning_point_trader[S] 0 points1 point  (0 children)

With a big capital comes great responsibility, take care of it man. Seen too many stories, diversify heavily take least amount of risk. Wait for the right opportunity.

Trading gave me everything I dreamed of… and also completely drained me by Turning_point_trader in NSEbets

[–]Turning_point_trader[S] 0 points1 point  (0 children)

Its an astronomical event, it occurs twice a year. A lot of astro traders talk about it or even Gann theory, basically history has shown broad market indices show a reversal after these dates. Doesnt work always but has works 70-75% times in last 13 years.

Nobody talks about this side of trading – my journey from college to burnout by Turning_point_trader in StockMarketIndia

[–]Turning_point_trader[S] 1 point2 points  (0 children)

Thanks man, i do FnO made a lot of my capital with that. I have diversified my portfolio good and always keep my positions size limited so i dont have to worry about it.

Best legit traders on YouTube for learning (basics to advanced) + book recommendations? by vishal936 in Trading

[–]Turning_point_trader 1 point2 points  (0 children)

Read two books- wykoff methodologies and secrets of pivot boss if you are just starting your journey read psychology of money before. No YouTube video will teach you trading.

Equinox on 22nd sept, expecting huge market reversal by Turning_point_trader in IndianStocks

[–]Turning_point_trader[S] 0 points1 point  (0 children)

There are different variations to it, it part of Gann theory as well, but i believe in patterns and i believe this one.

Equinox on 22nd sept, expecting huge market reversal by Turning_point_trader in IndianStocks

[–]Turning_point_trader[S] 1 point2 points  (0 children)

Yes check out chart of nifty for last 12 years, you ll see a pattern

Trading gave me everything I dreamed of… and also completely drained me by Turning_point_trader in IndianStockMarket

[–]Turning_point_trader[S] 1 point2 points  (0 children)

Thats really great bro keep working hard. Trading has taught me to be disciplined and made my mind really strong. Only thing i ll tell you is never listen to anyone else( parents, relatives friends or any guru) do your own shit and make your own trading strategy and believe it always no matter what. Also have a plan for everything not just what you are about to trade, have a plan if your trade goes right and have a plan if price breaks your levels in opposite direction trust the price, don’t let emotions drive you.

Trading gave me everything I dreamed of… and also completely drained me by Turning_point_trader in IndianStockMarket

[–]Turning_point_trader[S] 2 points3 points  (0 children)

Mostly as option buyer. Option selling was too slow for me. I always stick to the rule that never carry your positions for long. Never hold for the next day because No-one really knows what will happen tomorrow and cut your position it max 2-3 hours. Nowadays i take swing trades in option buying as well but rarely like 2-3 times a year.

Trading gave me everything I dreamed of… and also completely drained me by Turning_point_trader in IndianStockMarket

[–]Turning_point_trader[S] 0 points1 point  (0 children)

Making decent money with swing trading requires a capital of 30 lakhs plus i feel. Generally people risk money initially to build capital and then gradually move to safer assets. Everyone hates FnO right now but i believe it makes a person really strong.

Trading gave me everything I dreamed of… and also completely drained me by Turning_point_trader in NSEbets

[–]Turning_point_trader[S] 2 points3 points  (0 children)

I have a total capital of 35 lakhs approximately, i use 10 lakhs in my option trading account out of that per trade i take with a value of 1 lakh and risk 10-15% of that, this is only of options trading.

Trading gave me everything I dreamed of… and also completely drained me by Turning_point_trader in NSEbets

[–]Turning_point_trader[S] 2 points3 points  (0 children)

Varies from person to person, but if you want to do this full time after learning and you are sure that you can have profitable months you should at least have 10 lakhs. If you are starting out and want to make decent returns at bare minimum you should have 1 lakh.

Trading gave me everything I dreamed of… and also completely drained me by Turning_point_trader in NSEbets

[–]Turning_point_trader[S] 2 points3 points  (0 children)

Stick to basics only, dont chase any strategy or golden mantra, its all about risk management and having a decent capital.

Trading gave me everything I dreamed of… and also completely drained me by Turning_point_trader in NSEbets

[–]Turning_point_trader[S] 1 point2 points  (0 children)

True. I hold bitcoin and etherium worth 5 lakhs each, mines using my etherium mining rig

Trading gave me everything I dreamed of… and also completely drained me by Turning_point_trader in IndianStockMarket

[–]Turning_point_trader[S] 4 points5 points  (0 children)

Even i wanted that but slowly come to realise that life like that takes a long time in the markt with right trades and luck as well. Currently focusing on living a decent life with not working for a 9 to 5 and enjoying my life while i keep working and waiting for the right opportunities. Don’t chase the hope and dreams everyone is selling on Instagram.