Hello Friends and Admins,

I have gained immensely from this group and thanks to admins for saving good amount of money
and frustration.

Here is my experience till date (If interested long one) :-

How do you feel when you enroll for the course and see the contents

 Excited

50 percent mark course is complete (the crux will still to come)

 Little bit frustrated as you can clearly make out you are going nowhere

Full course is completed

 Learnt acceleration but what about steering

 Oh my god I don’t know that clutch and break are also required
 PS: you require fuel as well (Even though we are in lock down yes you do require a good
amount of capital)

If you are :-

 Searching for Dronacharya (The greatest teacher ever)

 You have taken n number of trainings and still find it difficult to trade
 If you are looking for system building and looking for where to start
 If you are ready to become Eklavya (the best student ever)

READ ON:

What is required:

 List down what are intending to do in the markets

 What will be your commitment towards study, reading, post analysis
 How much time you will spent on social media
 How much risk capital you have to test your systems
 How much efforts are you ready to spend to be successful

Some Myths, Facts and Popular Delusions: -

95 percent of the people lose money

 Ever though who are these what are their background what did they do to learn
 Are these genuine failures (PLEASE ACCEPT YOU CAN FAIL ALSO THIS IS LIKE ANY OTHER
VENTURE)

SMART MONEY IS Hedge Fund and Institutional money

 Strangely accepted fact just believed by many

 Just check out statistics how many hedge funds have closed shutters till date
 80 percent of the breakout fails

 Yes, agreed this is a fact and when someone tells you this you are like astonished
 If this is true why you don’t short all breakouts believe me a system with 80 percent success
rate is just wonderful
 In short this is half baked truth

If you fail in trading the escape route adopted by any trainer is Psychology

 If you had Psychological problems then you should visit a doctor ASAP you are not normal
normally also
 Imagine if you tested your system for 10 years or studied market behavior for 15-20 years
after gaining basic knowledge Will you have this problem
 Agreed you need to control greed and fear but backed by solid ground work
 If you have this problem believe me you wont be successful in any business
 WHEN BUSINESSES ARE BACKED BY GREED AND FEAR ANY BUSINESS VENTURE WILL FAIL

Many of next gen wiz kids and stop reading here 😊

Then the million Dollar question what is required:-

 Yes you need some basic knowledge on Fundamental, Technical analysis no doubt on this
one (Books)
o Intelligent Investor
o Technical analysis of Financial Markets
o Reminiscences of a Stock Operator
o Analysis of Stock Trends – Edwards and Maggee

I am roughly sure any systems are derivations of the above books. For intermediate and advanced
levels there are different books

 Yes you need to know Market basics so you don’t buy and sell a T2T script, or you don’t
get a margin call
o NSE modules are the best (NCFM)

 As any other profession you need 2-3 years of time to study and 1-2 years of practical
experience to be equipped to trade

 Money management and Position sizing this is very important since we are dealing with
probabilities
Have you tried this:

Mission Statement : I want to learn to trade market cycles

Take 100-200 stocks and 5-10 indices study them on 2hourly, Daily, Weekly, Monthly time frame

Mark all turning points analyze what happened

Check if it repeats over time  Keep as a system

If it is one off Behaviour  Mark as an exception

What is the impact of Higher Time Frame on lower time frame

What happened just before a major fall and major rise (situations price action)

How the stock / index performs month on month years or year is there some correlation

Start bar by bar replay test your understanding of the markets and see if it works

Yes put real money to test in small quantities (Paper trading is the most useless system)

Increase your confidence and capital

Always check if the markets are changing behaviour (Yes they are dynamic)

Do you think you will have your system?

Mission Statement : I want to learn to trade intraday

Study past 10 years market behaviour

Which stocks moves during the day by what percentage

If they move significantly, then do they give good entries and exits so that you can profit from it

Check how these stocks / indices moves significantly i.e. what were the pre-conditions that made
them move

Note that test your system real time by small quantities

Back test bar by bar replay and live market conditions

Do you think you have your system?