How much time does it take to become a profitable Trader ?
It takes "Time, Tuition fee to the market, Learning, Knowledge, Discipline, Persistence & Patience".
I started my learning journey in Jan 2016.
The market was bearish at that time.
I bought Yes-bank stock worth 10,000 rupees and it was going down, so instead of buying more of anything i held onto it.
I began watching business channels but they did not seem to work that well.
I started reading books on investment as i had no experience in the market nor any qualification in finance or any field related to stock market.
I bought Yes-bank in good quantity maybe more than i was comfortable with losing at that time because i thought it would be my big hit.
One day market crashed and i was losing 30,000 rupees in the stock, i got "Cold-feet" and did not know what to do so i held onto the stock thinking that i am a long term investor.
Market was near the bottom at that time and gradually the stock price started improving, my loss covered and i sold the stock at breakeven and took a breath of relief.
I read books on Investing and Technical analysis, so in 2017, i was looking for buying stocks with great technical buying opportunities for the long term.
The market was rallying hard during that year and i invested 50,000 in HDIL thinking that it will be my investment multi-bagger.
But in 2018, the stock started crashing and the Technical's seemed to have failed me. Multiple supports were getting taken out, i could not understand what was happening.
So i started reading books on Fundamental analysis & Market cycles, watched countless you-tube videos, followed many traders on social media, read more and more waking up at nights.
I was doing fine as an investor in 2019 when the market started rallying again but i was not a profitable trader yet.
I realized that as a trader i was either "Catching a falling knife or getting out of the stock for a little profit and my risk management was not proper".
I was reading more and more about trading and my investment portfolio was taking a hit due to Covid in 2020 but i detached myself emotionally and bought some stocks for investment which i believed in.
The market started improving after March, the investment portfolio started recovering and i was hunting for good trade opportunities.
Last 10 months have been the best for me.
Disclaimer : Not a recommendation to "Buy or Sell".
I am sharing my Trading portfolio since November 1 2020.
I would also like to share the Trade logic below.
I posted my view on our community "Telegram group" as-well.
As you can see, "DLF" was trading in a triangle pattern, i bought it at 167 and shared my view that i see a 50 % upside in the stock, it is now trading at 305. Over 70 % gain.
"TATAMOTOR" was breaking out from a triangle and i bought it. Over 100 % gain.
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Telegram : Logical Investor
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Quora : Trade & Invest
Regards !!
