New to the markets

And don’t forget to enjoy life.

18 ll be something Jeff Bezos well heck everyone ld want.

Thanks a lot :smile:

is it solo levelling?
can’t wait more for the light novel to get animated

btw, I’m same as your age but a little about market

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  1. Trading needs capital. So by definition unless you already have a large amount of money with you, you need to earn it elsewhere. These multibagger returns within a year are not really possible without taking reckless risk and without some luck. Even with 10L capital you can expect maybe 2L-3L income. Can do better too, sometimes much better, but that is a good enough estimate of what one might make over the long term after having developed the skills and while keep risk in control.
  2. Most traders are not profitable and do not make even more than FD return. Most people lose money.
  3. Skills take time. It took me more than 5 years to understand the game and to turn profitable. Some might do better, but generally you have to give a few years atleast - AND - there is no guarantee of success. Many give up without any success.
  4. Trading does not give monthly income and is filled with uncertainties. But it does work, simple things work and we can make good money.
  5. You have time, there is no need to hurry. Unless you really hate your line of study or if you have someone successful ( not just claims to be…) to mentor you, better focus on your academics and then make some money.
    You can look at markets as hobby and over time test what you can do with small capital and then take it from there. This line of work is filled with people who are either deceiving you or themselves, so better to be sceptical and do your own work and verify.
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Really appreciate it @SpacemanSpiff

Also, for 99% of people, the best way is to invest time on their career and make money. Save decent % of that and
invest into a mix of 1) short term high rated debt and 2) Low cost passive equity index funds.

For 2) - Do SIPs and keep investing for many decades, don’t sell on market crashes, buy more when there is blood on the streets. When retirement nears, start moving cash needs of say next 5-10years out of equity.

Come on man, don’t be so gloomy. It’s better than a monthly income.

But you got to be dirty, you got to be disappointment. You got to get so low. But that’s life. You ll come across this trading or not.

There are people who throw everything in. And there are people who are cautious, have a backup plan, and live life so meticulously.

I wish I knew when I was 18. I ll work like a beast. I ll work inhuman hours.

Instead went round with a degree, so call mba, pushing. That was more than a decade ago.

I wish I was not that too cautious. Else i ll not be here writing forums.

I have lived enough to tell that, if you want a big life, a life where you don’t need any introduction, man you got to take chances.

And don’t listen to any of us. We are not famous and haven’t burned our full potential.

Your choice. Want to be Elon Musk, Bezos, ray dalio. Don’t listen to us.

We are just average people, trying to be smart here. We all know inside, we are not big or anything.

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Listen to these kind of people. I ll tell myself if i have a time machine.

But my days, i have to go the library. Search a book. Then to find pages of the book torn off.

You are living in a very good era.

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Its better than monthly income in some ways yes - but its not monthly income. You cannot depend on it to pay for your next month expenses. People need to have the right perspective of what trading can do, most are too optimistic and have unrealistic expectations. I am happy with yearly income and once capital is high enough, not having income in a year should be ok too.

Andrea Unger is a very experienced systematic trader trading many diversified systems. He has won few trading championships multiple times. Championship is not real life but it does indicate he knows stuff. He had a flat year before covid. So this income uncertainty is built into trading as well as investing in short term.

Trading can make you rich, but its much more likely to make you poor and esp so if you don’t understand how it works.

As i said, many people are either deceiving you or are deceiving themselves with false notions. But yes trading works well and i am happy with it. Today is a good day :slight_smile:

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Arnold is a natural, he was a world champion even before he was 20. Stallone is the best example, he is a late bloomer, he was ordinary, but he became an icon.

We cannot become Arnold no matter how hard we try, but anybody can become Stallone.

Just saying, I like them both :muscle:

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You present a realistic perspective from your experience and @ronin_sha too presents a different perspective from his experience.

Learning can come from anywhere and everywhere.

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Is it? Or we tend to say, he is gifted after they succeed.

Arnold was an immigrant. He had to work in construction etc.

If you look into Magic Johnson, the late kobe Bryant, messi, ronaldo,Tom cruise. They are what we call GOAT. Greatest of all time.

They have insane inhuman dedication.

Or what we commoners call ‘natural’ or luck.

They are humans who just saw something in themselves.

That’s why you and me are writing here. Hmm, the best we do.

No, he was a natural, there is a thing called innate talent, few belong to this category. Mozart was a child prodigy, he composed music at an age of 5, few people are special.

Of course, there is a lot of untapped potential in many people, which goes unnoticed, only when bigger things are attempted, this potential comes out.

I have experienced both, finance is not my cup of tea, but I have learnt some, just like you said, dedicating myself.

Their mindset works different. That’s why they are famous.

Just want to point, people can really push. Who are we anyway? Just people distracted to Instagram, porn, pizza, whatsapp. Don’t get offended, i am talking about myself.

When I said Arnold is a natural, I was referring to his body building, not his movie career or politics.

Cm on man, don’t say natural. I am into bodybuilding. And it’s so hard to keep pushing the limits.

I mean an inch of muscle takes a year.

So i keep track of Olympia, Arnold classic. There is as oh, i have a natural body.

They are beast. They push their limits. Ronnie Coleman, now can’t walk now. Man, you just don’t know.

It’s insane amount of obsession, discipline and sacrifice.

And Arnold was from Austria. His parents wanted him to be a police officer. But he had his sights on bodybuilding, i think when Joe weider came to Austria.

There is nothing as a walk in park. Cm on man, watch pumping iron or anything. You are talking to a Arnie fan.

My point is there are people who excel at a very young age, and to achieve such things at such a young age, something else is needed. Body building may have been a wrong example, but there is a thing called flair, knack, innate talent etc, this applies more to arts, certain fields.

Few things are innate, few things are acquired.

The man was smart. He invented new techniques such as Arnold press. And he went ballerina classes so he can balance his pose as light as a ballerina dancer.

He went deep as deep into the game.

That’s what it’s all about. That’s why they are GOAT.