Trader's Queries & Newbie's corner - Can everybody trade? Part 4

Prologue : Trading seems to be the perfect solution in tough times. When there is no hope, trading gives easy ways to earn money. Share market looks so mesmerizing with so many good promises. Thrills everybody with its twists and turns. Who will escape from its attraction? Who dares to challenge it? For every tick, it makes the heart beat faster, making the hormones to addict to it. Who dares to control their mind? U do ?
Query : This week's most asked query.
I have 2 Lakhs in my savings and lost job recently. Can I start trading to fulfil my family needs?
Finding job in this pandemic has become tough. Can I trade with borrowed money?
Answer : Ok, lets take few examples. An engineer lost his job. Can he start doing surgery to earn money? To fulfil his family needs? A pilot lost his job. Can he start to work as a software engineer to feed his family? Does not sound logical or correct, right? Now read the query again.
Step 4 : Everything has a right value. Stock market price moves up when there is demand and price falls down when there is supply. A person gives more emotional attachment to money when he has financial problems. A trader trades well when he give the right value for the money. When a trader under values money, he gets greed, risks more and trade without proper position sizing. When a trader over values money, he get fear and miss good trading opportunities. Can you understand now how emotions make a trader to trade with out discipline?
To become an engineer, a person has to complete B.E in engineering. To become a physician, a person has to complete MBBS. To become a trader is there a degree qualification? No. But it does not mean without proper education you can be profitable.
You can be profitable if you have proper trading education and education. Everybody can trade with proper education.

(to be continued...)

Free telegram channel :

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.