Major Need For Trading-: If you do not understand it, then it is fun to trade in day trading. It gives you the feel of a Maharaja sitting in a casino. You look at this from a professional perspective then Only one day in your week will come, again and again, Monday.
Yes, it is true that you do not have to do physical work, but the mind has to work all day and night. You want to or not. Not only do they analyze the candle chart by sitting in front of the computer, But he also kept controlling Emotion.
The Biggest Deterrent-: the most difficult part of stock market trading is you do not know whether you are making your decision yourself or whether your emotions are driving you. Take your decision by yourself, It does not happen in a day. It takes months for this.
We all know one thing, money is not happiness. Money is a tool to get happiness and a lot of facilities. Regardless of how correct you are in other matters when it comes to money, you are a little greed or a seeker of fear. And these two major emotions force you to take the wrong decision. 90% out of 100% is displaced in trading, and the remaining 10% would be trade execution.
Getting Rich From Trading-: First of all, you have to decide how much money you need to be rich. Even people are happy with lakhs of rupees, some people are not even from crores. For you to fulfill your needs, it is rich for you!
So first we have to see how much we need in the month or during the year. So here we come to know that Rich’s Parameter is different from everyone. So here I am giving you a real-time example.
In Beginning-:
I have a friend, his name is Mahesh. Lived in a village called Jeypore from Odisha. He is an engineer. He was working in an MNC company for 60k per month. At one time on I do not know, he was completely ripped off by his job.
And he decided that he will learn to trade and earn from that at home. First, he gives a deposit of 1 lakh for trading, to know how the mechanism works. he made some losses and some gains. continuously for 3 months. Yes, you have managed 6 months in trading, You become a 70% trader there.
In those 3 months, he Lost 20000, Which was 20% of his principal. I live in Bhubaneshwar at a distance of about 550 years. He used to talk on the phone. He focuses so much on trading, he forgot to call me. I met him after a few months. I am talking about 7 months later, I got to know that he has invested in 5 Laksh in his trading accounts. He told me that he is able to make a profit of 1.5% to 2% in the month. Whenever he tries to work more than this, then he has to suffer from it. so he increases his investment from 1 lakhs to 5 lakhs.
Pro Trader-:
after 3 years in 2019. when I met him. his entire investment was 20 lakhs. now he is able to make 80 k to 1 lakhs per month on average base on one year. By learning from the teacher, and by using his experience. About 5% by month.
And he does not just do day trading. He does positional in Future and options trading too. He told me that trading means buying and selling. And making a profit. Nothing matters, it may in a stock, a commodity, or a future and option. He does not just follow the chart, he does research many things like the economy, global indices, global news, and monetary policy. There is only one rule, be in profit.