Ms Taruni wakes up every morning to glance the business page of the newspaper….and is happy to see the markets fall and frowns when the market gains…..Well the emotions are basically very typical of enthusiastic yet apprehensive investor.
Most of us love to be part of the rally and enjoy benefits of the return and also the company of successful investors and traders, but there is a stigma attached to taking that dream to a reality.
The stigma of trading…….”Trading is meant for gamblers, for those who have all the time in the world and for those who need to be glued to the monitor and take every movement of the market with a pinch of salt”.
Let us understand if this view of trading is true or just a myth.
Ms Taruni, a busy professional with all her travels, meetings and personal commitments too, decides to take the dive into market but with the right knowledge and understanding of the risk and benefits of trading.
Any career or business, be it big or small has the strings of risk attached to it. Returns comes packed with risks and the smart investor is the one who knows to limit his risk and reap the benefit. The only way one can limit their risk is to have adequate knowledge of when, how and where a risk can show up.
Make the move….gentle and slow…test the waters….be it equity or derivatives (futures) do it your way….as a Weekend Trader.
You have various resource to give your fundamental views of the market, industry and the stocks….now go on to learn the technical analysis of stocks…the best method being chart pattern trading.
Charts have always been a wonderful tool to traders. Traders use them as their alarm to either exit or enter the market. Charts depict trader emotions and these reflect as patterns. Historic data and patterns in charts are used by traders to analyze the upcoming moves.
So fundamental news coupled with chart knowledge and a stomach to absorb quantified risk is all that is required for you to begin weekend trading..
Once you pick the stock, a patient watch and monitoring of the movements and stop loss every weekend will get you ready to take decision for the next week. Isn’t this sounding interesting and quite manageable…So, why wait.. take the plunge.
Don’t be the audience for a lovely match….get the ball rolling….Cheers
If you are new to trading and don’t have a solid understanding of various trading concepts, check out our free tutorial Teach A Man To Fish – A Foundation To Technical Trading.
NISHA NAMBIAR – CHIEF EXECUTIVE OFFICER AT TRADONOMIX
Nisha Nambiar has over 20 years of experience in the Banking industry. She has extensive experience and understanding in handling both domestic & international customers, providing value for the company through right business strategy & guiding the team towards on time delivery. Her passion to drive business by identifying right target markets to achieve business growth objectives has been impeccable.