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yH4e0L
No.358
If anyone wants to know more about day trading,
thread #9762 on inch of 8moe
dEXetx
No.359
>>358(OP)
dhanyavaad mahoday
dEXetx
No.360
>>359
Grettings Bh*,
You know whats comfier? Being neet and having money. Imagine shitposting all day while eating gourmet and going on at chilly night
I’m going to share what I know about market; day trading. In a year with consistency youse should be able to call it an income. Remember, the trick to consistency is to keep it simple. At least until youre fully matured. In fact, hardwire this.
I’ll be taking you through multiple stages. It will start with basic pattern recognition then to analytics and to understanding how anything works. Minimum 95 IQ is required; no lies, you will halt at second stage and only trade under certain conditions but you’ll still have some income.
There are many ways to trade markets, most famous being technical analysis where you are guessing what the combined output of 2 or more technical indicators possibly means and putting your money on it. However, its not artistic. Gradually, you wouldnt need to look at any indicator, including volume because when the market is going to have momentum, it will have it regardless of what any indicator says. Because essentially indicators are giving you a signal after happening starts happening. The artsy way of trading is to understand what the market will do next before days.
Is this relevant for mlecchas? Yes, with adjustments. The nature of average person differs from culture to culture. Nature towards money, panic, making money, being aware of tech etc. So, the price action will adjust that behavior. For example, a panic sellout could look steeper and shorter in matured countries under same levels of input.
Meanwhile, I suggest you to read a book called, reminiscence of a stock operator. Its just a story, it doesnt really teach all that much about how to, but its a classic anyway. The guy indeed traded by understanding how the market behaves. Also, a video by ray dalio on how economic machine works.
I will return after 10 or 20 days. Youse are free to explore markets, read web and write a paper on what you understand. Remember, keep it simple just follow the Nifty 50 for its contracts.
If youre bored sitting at home, I suggest you try an Investment Banking sector. Its easy to get 500.000 package as a fresher or entry level job and actual job is as good as data entry. If you did good you could get in company that allows work from home and has free beers and unlimited snack. Although, you’ll need to be able to speak; at least in interview and carry yourself. Just read about derivatives - options, swaps, and fx mainly, options formulas, OTC trade life cycle, Fixed income instruments, Accrued bond interest calculation, Aml/ kyc, Corporate actions, ISDA and its template, how various department work in the sync. And on soft skill part, walk me through your resume, elevator pitch, what were you doing being a neet etc. And with growing India, this job market will likely to stay consistent. So, without much effort you will be making more than IT coolie.
PS.- I dont have any prooofs that this works for now as I deleted my account and dont plan on trading for a while. The earliest I can post proof of my accuracy is 6 months.
>inb4 fir 6 mahine baad ana
Ph6Ilj
No.649
Chapter 1 - Momentum
Momentum is like a torque. The sooner price trend reaches a height and stays in power band, more effective the generated torque is. Momentum is the thing that really moves contract prices. Even if the Nifty50 is overall up, it is possible that option prices wont move at all. That's most noticeable in case of zig-zag price action. Because you're trading a option contract / piece of paper. So, the demand and supply of underlying stock or index is not directly effective and the options carry their own little psychology. Hence, its equally important to think whether options will have any momentum and its perfectly normal to only trade for 7 days.
g2BiYZ
No.650
I've read first 2 modules of zerodha varsity. Enough knowledge to make around 2-3k per day with swing trading.
I need to get more comfortable before I can dip my toes into day trading.
ncS0uf
No.651
**option trading.
Just follow the index_nifty50. Keep it simple
b/37Bq
No.652
how do i start sirs ?? i have sufficient monthly income but it is stale and not being invested anywhere. i am willing to invest in stonks market but i am scared because my baap lost a lot of money in it. i am not a gawaar dehati and totally in for learning.
75WkIU
No.653
>>652
first, keep a portion of your savings in an FD for emergencies and backup.
next, read first 3 modules of zerodha varsity: https://zerodha.com/varsity/modules/
aim to read them at least two times. Make notes.
there's a chapter in 2nd module that tells you a very specific strategy for swing trading. You can start doing it once you've read it.
Once you can generate consistent revenue from trading for 3 months straight, you'll know what to do next.
b/37Bq
No.654
>>653
>FD
done. its already in place.
>varsity modules
okay i ll go through them. thanks anon.
>Once you can generate consistent revenue from trading for 3 months straight,
this is what i am not so sure about. is consistent revenue even possible. what do you define as consistent revenue ?? >=x every month strictly or >=x every month averaged out over a period of time.
75WkIU
No.655
>>654
for now just focus on gaining more money than you lose.
Keep in mind, losing money is inevitable, you can't control it. The only aspect you have some control over is how much you lose. Never trade without stoploss.
zt6JUH
No.656
>>654
>>652
1. Read 'reminiscence of a stock operator. Get the idea about why market moves the way it does
2. Follow nifty50 and try to make sense why it's moving the way it does
3. Trade nifty contracts - single lot
4. Keep within single scrip. Don't complicae. You need sorted brain more than you need variety
HPIRC5
No.657
>>656
yeah i myself believe in the art of keeping things simple. but anon do i really need to read books ?? i just skimmed through those varsity zerodha blogs and they seemed quite comprehensive themselves.
>>655
>losing money is inevitable, you can't control it. The only aspect you have some control over is how much you lose
this is what scares me. i dont want to lose any money. if i do, i want recovery quick. is this is a wrong mindset ?? maybe i need to train this first. the thing is, when i lose money, meri gaand phat jaegi in investing further amount. and at the end of the day i will be left with a net -ve.
>Never trade without stoploss.
my baap did the same mistake. not gonna repeat it
75WkIU
No.658
>>657
books are exactly for that.
they won't give you directly applicable knowledge like courses do, but they help train and develop the mindset that you need to have when trading.
do not bring emotions into this, as soon as you do, you've already lost. Read about the gambler's fallacy, it works the other way around too.
BWESta
No.659
>>658
fair point. also i am aware of the gambler s fallacy. chalo to fir emotions pe kaabu rakhoon aur padhta hoon varsity waale articles.
is it more about having confidence in my strategy (or whatever method i am employing at said point) that reduces fear and uncertainty ??
UcQhLk
No.660
nVVwHw
No.661
>>657
Read it frog. It's a classic anyway. Buy it off amzn fo ₹200
