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Showing posts with label Trial and Error. Show all posts
Showing posts with label Trial and Error. Show all posts

Tuesday, December 11, 2012

DEC12, 2012


Know everyone are fantasied with today’s date but for me today stand as a milestone. Yes, I completed 2 year out in stock market. One thing that I always ask: what I learnt in this year, is there something new? How it might help me? Every days is a new day for me, learning something new different from others.

For many people Technical Analysis might be a piece of cake, they might have learnt by a relative, friend, college or any training program. But, a college guy who specialize himself in marketing. Take a weird step on 12th dec 2010 saying “I will enter Stock Market”. It might be a easy thing for many people whose parents, relative, friends are into this market and they just need to approaches their respective people. I was one guy who didn’t have any such source but had a determination for learning it. Trust me friends, determination is the only thing that is needed in life. I am not a motivational speaker but it is a myth of life.

How I actually learnt Technical Analysis?
Whenever people find me, they ask me one frequent question. Where you learnt Technical Analysis? You worked in any company? And such question. Today, I will let you my secret. How I learnt Technical Analysis?
It was on 8th dec I actually decided to enter market. On 12th dec I sent a request to join a group owned by a lady called Darpana Sharma. The group found to be resourceful. I found some potential guys who worth following. Then I sent them a friend request, added them and for 6 months or so. I just observed them. The way they place there stop-loss, the way they take their decisions, entry point, strategies and levels. I am a student of psychology (Cognitive Psychology), and it was a easy task for me to decode there thought process using reverse engineering. I classified my people into categories

AmitMalhotra-A perfect Strategist

Abhivandan Nagia- A Superhuman

Team Eaibs -Godfather of magical supports and resistance

Dilp Jain- Trading with NEWS

And there are number of people along with these people, I can’t name them all. But do have a great respect to call them my Dronacharya. These people were Brokers, Analysts, traders etc.
Simultaneously I started reading books suggested by CMT(MTA) for their examinations. I felt really easy to read them, I used to read them and look for pattern formation out in market. Till September 2011 I quietly decoded these people. Then to practical’s I started applying what I learnt. I personally felt some difficulty applying what I learnt.

A Journey With ATMA
I was a great fan of MTA. I always used to dig MTA website, then I found Association of Technical Market Analyst which is a Indian chapter of MTA. I was in a huge dilemma to join into ATMA or carry my current psyco- reengineering process. I took an initiative to get into ATMA. I majorly used to explore MTA’s knowledge base during my initial days. But today association have its own library with number of books, website, and podcast for members. As I have told you I was having problem applying what I read. Because applying knowledge is different than what we actually read out in books.
One turning point came when ATMA started to conduct Regional meetings it was a golden opportunity for me to be there every time. The reason why because I was been surrounded with the people who can’t follow what I am speaking, whenever I used to take words like Head & shoulders, Triangles, indicators and all people saw me as if a I am alien. The people who surrounded me were from marketing, they knew brand management, advertising, sales etc. ATMA was the only option. People out in ATMA are really cooperative with open heart for everyone; few are at peak active all the time.

My personal words  
  • You make profit/ loss, keep an account.
  • Always have control on your emotions, never give a chance for your emotions
  •  Keep your ego at bay
  •  Love what you do, stock market is not mandatory for all
  • Marks and degrees are bullshit. Experience  and knowledge are the key factors
  •  Don’t hurry making money. 1st Back-test, at least work on knowledge aspect remember Abraham"If I had six hours to chop down a tree, I'd spend the first four hours sharpening the axe".
  • Determination and confidence are 2 phase of same coin.

Saturday, December 17, 2011

What did i really do,this year?


Hello friends I was bit busy after my exams. On dec 12th I had completed a year into Stock Market. My personal experience can’t be described in world. I just loved what I did/doing.

A question always hit my mind “what you really learnt in this whole year?”

The answer is mind blowing; you can do anything and everything. You just need dedication; I have a basic rule led by the great Kabir in his Dhohas:

"करत करत अभ्यास के, जड़मति होत सुजान
रसरी आवत जात ते, सिल पर परत निसान"


There are 4 mode of learning and one of them is “Trial and Error Method”. Last whole year I had spent whole of my year I had spent in hunting for knowledge, a right one. In this year I had spent most of my time in confusion, quest and with a bunch of question etc etc

I some time feel, I had spent whole year just looking and learning. Did you know what I learnt? Ok let me be truthful, what your college or university teach is completely different what people do as there career and I have seen such people in market..

·          A person who complete GNIIT in Delhi and work as a successful Broker.
·         A person who complete his M.sc in Bio and work as on stock market analyst.
·         A horoscope reader who give his business a new dimension called “Stock market Astrologer”
·         A person who graduate in Arts and end as a Teacher of TA.

After seeing such people in market I was really inspired. If they can do, why can’t I do. This question dragged me into many sleepless nights at last I decided to enter into a world of “Demand and Supply” . This is a world where even an Expert gets cheated off. An university/ institute will just teach you what is what. I even don’t have that…

Since from my childhood I have a rule “No knowledge goes waste, grab it as much as you can”. I think this may be the reason why my friends call me “scientist”. Last 6 month back I need to decide my stream in college. I had 2 options:

  • Finance
  • Marketing

This was much difficult to judge. I even took the last minute to think before I let my name into specialized stream.

Finance(Stock market) is my interest and marketing is my talent(where I am good at). I have a deep understanding on Marketing and advertisement, I cant underestimate my talent. It was just 2/3 month that I had Started learning Technical Analysis.


Marketing/Finance din’t give me any difference. I was the only freak in the whole college who used to borrow books on “Investment Management, Option & future Trading etc” I still remember 1st day in my marketing class where I was asked to leave class as they misunderstood me as a finance guy. I was so dedicated to what I was doing.

When my fellow friends come to know about this “They laugh at me, they insulted me and they criticised me”

Today, I don’t give any guarantee that, I will make my career in Stock Market. But Technical Analysis will be a integral part of my life. I have a deep desire to learn Economics and Fundamental Analysis. I hope I will complete it in next few years.

From 4th dec I have started a new topic which is not at all related to Stock Market. It is on psychology, it may take another 6 months to complete it so I will give less concentration on TA and other aspects.

Last but not the least

“ you will never come to know the depth of water until and unless you jump into it”