Is it possible to become a full time trader?

is it possible ? Yes !!
should you be? NO !!

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Because most of the ordinary retailers are not bothered about the regulations as they are not affected by it/helps protect them. The only regulation which I observed affected a lot of retail investors was the recently implemented margin requirements for delivery trades

Hi
Can you please explain why in the first part you mentioned about minimum capital of money equal to 1 lot of F&O contract. Any particular strategy here?
Thanks
Giri

Yes of course , At least you will be in the stock market game!!, you can trade both plain stocks & FNO at least 1 lot !! , unlike the USA where FNO contracts are fixed to 100nos /lot , so that both retail traders & Big guys can trade, invest in stock market and can easily run many strategies to protect their portfolios. In India SEBI always makes sure that FNO lot sizes are crazy in sizes and depriving small retails traders to use option strategies like Collar , Covered call , Cash secured PUts , to protect their portfolios.

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Haha! Thank for the great response!!

Could you pls elaborate your answer???

Everything is impossible until someone does it.

Yes and no.

Yes, it’s possible.

No. for those people who doubt their mindset will find it more harder or quit sooner.

Trading is mostly a self journey. A journey where you ld discover more about yourself. Much more.

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I recently came across a video which suggested that day trading isn’t a viable method for making money consistently. It quoted multiple research papers (linked below) which had concluded that the bulk of day traders lose money and only a handful of day traders are able to earn returns above the benchmarks.

Referenced in this video:

This IS the whole point actually. Achievement is measured upon the difficulty of the task. So is the reward. 95% of traders failed, fail and will fail. But simply because of this remaining 5% (like me) will earn tremendous profits. Koi loss karega toh hi na hum profit karenge!

Actually any sort of trading like intraday, positional, Investing or even entrepreneurship are not viable ways of making money consistently.
You must have heard about start-ups and silicon valley etc. How many new companies survive? 95% os the start-ups fail.

Do you want to know way of “making money consistently”

i dont even need research paper!

:moneybag: SBI mein chaprasi ki naukri :moneybag:

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Excellent Question and I will answer this way -

Firstly, I am not a great fan of technical or fundamental analysis after learning for 5 years and having almost 15 certifications. There are many reasons and many proofs. Even some of world’s greatest people in stock market agreed to that. But as always, there are exceptions to it. probably 1% of people earn because of them but what are the odds of we falling into that 1%? Funny thing is, people only realize after spending years on it (just like me). So, try saving some years yourself :slight_smile:

Instead, if you want to have a guaranteed but gradual success in long term and make it a living in stock markets (like me :wink: ) there are 2 things that you need to focus on -

  1. Statistics and probability - There are some proven methods in stock market which give you sure returns in long run but you need to continue doing it for years (that’s what a living is, right?). Especially options trading which is just like starting your insurance or casino company which always end up with profits will be a game-changer for you. Best part is, at the end of your learning curve, you get to know that simple trading is what actually gives you better returns.
  2. Risk and Money Management - These are everything. Without this, it doesn’t matter what and how much you learn. A person following disciplined risk/money management will always be a long term winner.

It’s going to be a long (and maybe, tough) journey but a fruitful one at the end. Just to give my bit of help, I am trying to put some of these concepts in my blog. Check them if they can help you.

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This is bordering “Tare zameen par”!! 5 years & 15 exams to decide ki “ye mere deemag ke upar ka hai”

This is not a best part. Best part is giving fancy name to regular option strategies, usually using acronyms etc.

No need for that. Its wayyyy simple to earn using referrals, mentoring etc.

Lemme tell you guys one thing. Its all marketing. If it requires a guy whole lot of “research journey” to end up with two kindergarten strategies, then to learn proper trading - ek do janam toh lene hi padenge!

There has been this tendency going on among some people -

  1. Get a strategy out of some foreign author book ( Their are plenty)
  2. Or even get one simple plain vanilla strategy.
  3. Give fancy names - so as to intrigue retailers.
  4. Then market at every avenue available.
  5. Then start selling.

One guy on tweeter, in the name of saving retailers, conducted webinar for 500 rs only. USP being we are cheap. 100s of gullible traders joined. He pocked 3-4 lakhs.
And what he finally taught? 15 min ORB

matbal kuchh bhi!

I love your responses related to psychology part…

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Savage!

In-fact I also have developed a secret strategy with my years of research that no one knows. It involves writing an OTM call and covering it with a higher strike OTM long call. It also involves praying to god that the market doesn’t trend up or fluctuate much.

And the name of my strategy is ‘The Champak Chowdhary Strategy’ (CCS for short).

I’m now planning to give this strategy to people for free. All you have to do is open Zerodha using my affiliate link and pay to watch my Youtube channel.

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:joy: :rofl: :joy: :laughing:

@30cagr.com i don’t know what’s your agenda, nor do I wish to be a dampener to your spirits here. But if some hopes are up, by your stories , let me stick a pin here.

I am not judging you, just a opinion.
Have a great day.

Don’t talk vague. People are not fools here. :angry: Tell number of years precisely.

:sweat_smile:

since 9 November 1992 to be precise :sunglasses: :sunglasses:

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Thanks. Can you explain with some examples how it can be done. I have some funds now.

well it really depends on individual , my way of trading may not suite to you, you need to find your way so you need to decide , what you are going to do , say trading or investing , if you are new to market , it is better to do delivery based with only few shares, If you want to hedge your portfolio by using FNO strategies , you need to have trading experience ,otherwise its really tough , you may lose more money. its my experience too. If you have no experience & don’t want to trade !!!, So other simple strategy is buy & forget :slightly_smiling_face:
Instead of posting my trading/investing screen shots , i will post 3 different help full FNO strategies for an investor/Trader ,a video link for you , which explains in a simple way , i hope will be a helpful link for you.
All the videos are relevant to Indian market too, Since all the stocks except Indices options are delivery based , so if you want to avoid physical delivery , you can buy Nifty BeES Pledging it for margin and you can run collar , Covered call strategies on Nifty options to earn money , please note this is not an advice just sharing information !!

Thanks. That is pretty useful.:+1:

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