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How it all began:
My father had always wanted to trade but he somehow never could make money in the market. Belonging to a lower-middle class family, he decided he could no longer afford to make losses after I was born.
However, he continued following the market and eventually introduced me to it too. He encouraged to try my hand and to not give up after I made losses the first few times. He was delighted to find I was much better at it than he was!

How it has evolved over time:
My first years were used in long-term equity investments which began to pay off during the three years. My father had always discouraged me from day-trading, but I read a sentence online that made me change my mind.
No, it wasn’t a motivational quote, but a simple matter-of-fact statement that I still remember the crux off: The average price difference between Infosys’s daily highs and lows was 150! That stark difference drove home the fact that there was money to be made here.
Thus began my journey with Day Trading. Right now, I have a few equity long-term investments,a couple of medium-term commodity buys and short-term derivatives.

My Biggest Loss:
There were plenty! However, I remember this security that I invested in lost close to 20% of its value a couple of weeks later. Foolishly, I decided to stick on, believing that a rebound was on its way and ended up losing close to 45% of my holding before selling it.

My Approach to Trading:
As mentioned, I maintain a long-term portfolio while spending a couple of days in a week on intra-day.
Regardless of your time-horizon- a full knowledge of the market is extremely important. Beyond that, the strategy changes drastically. In long-term trades, I like to pick unfancied stocks with strong fundamentals, particularly those with great price-to-earning ratios. In the short-term, I swear by the moving-average.
I’ve always been good at identifying patterns, and it’s a gift I rely upon heavily for trading. It’s served me well so far.
Disclaimer: The views and opinions expressed in this article are those of the individual trader and do not necessarily reflect the official policy or position of the company. Neither, MCSL, nor its directors, employees or affiliates shall be liable for any loss or damage that may arise from or in connection with the use of this content. The content of the site and the interpretation of data are solely the personal views of the contributors. The member reserves the right to make modifications and alterations to the content of the website. Users are advised to use the data for the purpose of information only and rely on their own judgment while making investment decisions. The investments discussed or recommended may not be suitable for all investors. The member does not warranty the timeliness, accuracy or quality of the electronic content.

As of 2012, there were 1 million daily active traders in India. We believe that lost in that number (which has since exponentially increased), are a huge number of fascinating stories that would make for very interesting reading. The Trader’s Diary is our attempt to capture the ups and downs, hopes and fears, and the goals and risks of these individual traders through informal conversations. Today, we talk to Amit.

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