vanathi
Education

Newbie's Corner!

NSE:BANKNIFTY   NIFTY BANK
Query : How long it will take to become a consistent, successful trader?
Answer : This question arises in every trader's mind in the early stage of their trading career. Finding a good strategy and following it makes a trader consistent. But nobody will help you to find your strategy. Every person's mindset is different and their strategy also is different. Market is based on probabilities and there are "n" number of strategies which works fine. By observing market, you can find the patterns or trends or mathematical movements. Find which is easy for you and make it as your strategy. Depends on individual person's talent it may take one month to 4 years. On an average 2 to 3 yrs. If you enter trading with a well tested strategy and discipline, you can become consistent in no time!
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FIRST THINGS ONE SHOULD LEARN IS NOT TO FORGET TO USE STOPLOSS , money saved is money earned
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vanathi djhimmu
@djhimmu, Yes, I agree.
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@vanathi thanks for the cogent view especially for a novice like me
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vanathi dasAbhishek
@dasAbhishek, Welcome :)
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Lot of newbies, amateurs should also know that Day trading is not the only way to make money. They can even try their strategies on higher time frames and make it Swing Trading ( 10 days ), Positional Trading ( 100 days ), Long term or Investment ( 1000 days ). Should say I started it all from a Long Term trading and boiled them to Day trading. Everyone should try all these strategies before they think where they can invest their money and time.
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vanathi PlanckEpoch
@PlanckEpoch, As far as I know people do day trading because 1. less capital requirement 2. aggressive nature of the trader and 3. no worry about carrying positions. Their strategies work on higher time frame too. Thank you for sharing your view :)
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bnnarayana PlanckEpoch
@PlanckEpoch,
Completely agree with you
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Keep trying
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@venram, You too.
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your words worth millions, straight and real maam
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