Sucker Who Trade

It started with luck before it became a passion personal project. Before coming to NZ, I put 5 lakhs rupees in my mum’s demat account to trade Indian markets. It was never my idea to trade Indian markets full-time or even part-time. But I somehow lost 10% of my mum’s capital in February and March. The idea of losing Mum's money is disappointing. I just didn’t know how to cope with that. I have faced a lot of losses before, so I am kind of numb and unreactive when my portfolio is at a loss. I don’t do anything when my portfolio is tossed into a loss. I took 1% of the remaining capital and started derivatives trading from the capital. The reason I started with derivatives trading was because I knew this is how I will make money quickly. I end up losing more. And then I decided to quit everything and wait for a clear-cut market direction. In March markets were directionless and making money buying options was difficult or not possible for a retail trader. So, the best decision was to ...

Sucker who trade 103: Personal Project On Trading I started a personal project when I took a career break for my studies. I took some money from my mum promising her 10% returns by the end of the year (yeah, that’s a risky bet) and made a stock and derivatives portfolio. First, I was confused about how to invest this money, do swing trading, derivatives trading, or commodity trading. I tried everything and lost 10% of the principal amount quickly. That was a setback given my career of setbacks in trading. I analyzed where I went wrong. The first thing I was not focused. I was changing countries then. I was trading between changing countries and career profiles.    Second, I didn’t pay attention to detail. I didn’t realize how much charges I was paying to the broker for my trade. As per my experience, a broker can make a lot of money from client trades. Irrespective of whether you lose or win broker charges plus government taxes are always going to be there. We never look at th...