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ABHISH B
"This doesn't happen overnight. You have to keep at it & hope to get lucky (it took us 20 yrs). Chances of getting lucky are higher when more people want you to get lucky. Good Karma can help improve the odds of success. So do good, if nothing else, to improve your odds of getting lucky."
principle of his life: he will take a bet only if he is ok with losing it all. He will never take a bet if he is worried about losing it.
The majority of people think the only way to make money in the stock market is to buy a stock, wait for the price to go up and sell it and make some money. But the reality is that it is just 1% of the total turnover in the stock exchanges. Only 1%!! The rest of the market is around futures and options and intra-day trading. So, in the stock market, you can make money when the market falls as well. All you have to do is get your direction right.
"The day trading is essentially like playing a t20 every day. There is a shelf life to it, and you cannot keep doing it forever. So, I thought I take a break."
In terms of efforts, one should give the complete commitment to their ventures. But in terms of money and resources, one shall never bet more than what one can afford to lose.
"When you want something, all the universe conspires in helping you to achieve it."- Paulo Coelho
"In today's day and age, it's no more about the big beating the small – it's about the fast beating the slow," Nithin says.
rainmatter.com,
Smallcase: founded by three IIT Kharagpur graduates in July 2015, with a mission to change how Indians invest. They introduced India's first thematic investment platform, which helps investors build a diversified low-cost, long-term portfolio. A smallcase is a basket of stocks that reflects an idea. They are created by finance experts backed by solid research. Each smallcase is a portfolio of stocks or ETFs, weighted intelligently to track a theme, strategy, or objective. It enables the investor to buy multiple stocks included in a smallcase with a single click. Also, they can regularly invest
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1) Define a hard stop
2) Have a stop loss on every trade:
“you should make sure that you don’t lose more than 1% of your trading capital on any trade.”
3) Stick with the trend:
“The best way to trade stocks is buying those that are doing well (going up) and selling when they are not (going down).”
4) Averaging down is a wealth destroyer:
“unfortunately, hope isn’t really a trading strategy.”
5) Leverage is a WMD (Weapon of mass destruction):
“most of the active traders who have stopped would most likely tell you it was because they traded with too much leverage. If you decide to use leverage, make sure to use it sparingly and only when you are really confident about the trade. Even then, make sure to have that stop loss.”
6) Combining fundamentals with technicals:
7) Have alternate income to improve your odds of winning:
“in my experience of meeting countless traders, most of those who were profitable were also those who had another source of income.”
Money follows Excellence "After doing a bunch of businesses, I've realized that chasing money doesn't guarantee you money. I think it's about doing the right things long enough; then money automatically follows you," he says.
"She sits on a lotus, which floats. You can't chase something that floats. It will only move away further. You have to do the right things and hope she floats towards you."
Be innovative - Go beyond impossible
Discipline keeps you growing
Love what you do
Be an Expert in your field
Luck pays the hard work
It merely is; the harder you work, the luckier you get.
Be a keen observer
Law of Karma
find a problem that you are stupidly passionate about solving, build core competencies around it and then start executing the ideas without waiting for the perfect time.
