Teachings from my Mentor:
True mentor always gives pointers based on facts and data. My mentor gave me a freedom to formulate own system based on his suggested pointers. Some important thoughts which motivated me are as follows:
1. Markets are always structured, effort to understand structure is the key.
2. Do not dream to be a billionaire overnight.
3. Do not buy which is costly and do not sell which is cheap blindly. At the same time, no price is too high or too low to invest or sell.
4. Always focus on the macro chart that is daily or weekly and have logical hypothesis. If macro done authentically, micro will align accordingly.
5. Based on the hypothesis observe trend confirmation in micro.
6. Price, volume, and liquidity are the basic pillars of markets.
7. Believe in basic zig zag.
8. Instead of focusing on quantity of trades, focus on quality.
9. Discipline and having a business module are must.
10. Both passion, efforts aligned in correct direction and experience accumulated over the period will enable you to improve the edge in trading.
11. Always try to help community in whichever way one can.
12. All methods of analysis are fine till your method makes sense to yourself no matter no one in the world understand or support it.
13. Set aside the ego and focus on self-improvement. Trading and analysis are mind game and so it is highly personalized.
14. Do not expect to be right at all the time, instead following the written process every time is the key. Focus on process, let the market decide about your reward.
15. Nothing comes free in life.
True mentor always gives pointers based on facts and data. My mentor gave me a freedom to formulate own system based on his suggested pointers. Some important thoughts which motivated me are as follows:
1. Markets are always structured, effort to understand structure is the key.
2. Do not dream to be a billionaire overnight.
3. Do not buy which is costly and do not sell which is cheap blindly. At the same time, no price is too high or too low to invest or sell.
4. Always focus on the macro chart that is daily or weekly and have logical hypothesis. If macro done authentically, micro will align accordingly.
5. Based on the hypothesis observe trend confirmation in micro.
6. Price, volume, and liquidity are the basic pillars of markets.
7. Believe in basic zig zag.
8. Instead of focusing on quantity of trades, focus on quality.
9. Discipline and having a business module are must.
10. Both passion, efforts aligned in correct direction and experience accumulated over the period will enable you to improve the edge in trading.
11. Always try to help community in whichever way one can.
12. All methods of analysis are fine till your method makes sense to yourself no matter no one in the world understand or support it.
13. Set aside the ego and focus on self-improvement. Trading and analysis are mind game and so it is highly personalized.
14. Do not expect to be right at all the time, instead following the written process every time is the key. Focus on process, let the market decide about your reward.
15. Nothing comes free in life.
