Hi,
I know everybody was little upset over my less writings. One more request, just wait for someday, you will get all the answers.
Let us come to our story. In fact,for the first time I was not comfortable with this overnight position as it was trading near year's low and it was a Friday. In the true sense it was a real nightmare. On Saturday night, Government's stand on disinvestment announced. They gave particular emphasis on Oil & Gas sector. On Sunday, financial channels like CNBC 18, aired valuation of share price of HPCL, BPCL, IOC etc. above 2500/- mark. But as per my analysis, I thought HPCL might open above 240 as it was closed around 223, my purchasing price. So at best I might incur a loss around 50,000/-. But in fact, it was not the case. HPCL opened at the upper range of the day and I closed my position around 295 same day. With a single stroke, I lost my entire capital. After that loss, I decided to quit the self trading forever and go for a job. After searching for 15 days, finally I found a job as technical analyst with a monthly salary of 10,000/- (there was no incentives). In fact, I was very very desperate to get a job. My new company was totally techsavy. They encouraged people to trade technically. For that purpose, they used Reuter, Metastock, Advanced Get (all were genuine) and Tradestation 2000i. So immediately I got a huge platform to horn my skill. There were independent senior analysts who traded on the basis of chart. It rejuvenated my demoralised mind. In fact I felt guilty, as I blown away my father's money. Slowly I tried to concentrate in my new job.
Initially, my new boss never forced me to trade or do any other thing. He simply told me to explore the net and read as much as possible. He told me he appointed me as his personal trader and be prepared to handle position of value around 2-3 Crore. It excited me much. Finally I started trading and it was in one lot in two to three scrips. I stayed in that company for 14 months. In those 14 months, I made a profit of 12 lakhs.
In between, I found my friend who was trading at Daryaganj, bought flat, car and everything. His monthly pay out was mindblowing. He was a famous name in Delhi's jobbing circle. The very low brokerage rate had always in my subconscious mind and in fact there was an urge inside to trade for myself. After working for 14 months, my salary was increased by only 2500/- without any incentive. I found no stimulant for my motivation. So I ask my friend to arrange a seat at Daryaganj besides him. After one week, he called me to join him. He also arranged Tradestation 2000i for my trading. After knowing all such things, finally I tendered my resignation to my boss.
Please have patience and wait for my next journey.
With Best Wishes
I know everybody was little upset over my less writings. One more request, just wait for someday, you will get all the answers.
Let us come to our story. In fact,for the first time I was not comfortable with this overnight position as it was trading near year's low and it was a Friday. In the true sense it was a real nightmare. On Saturday night, Government's stand on disinvestment announced. They gave particular emphasis on Oil & Gas sector. On Sunday, financial channels like CNBC 18, aired valuation of share price of HPCL, BPCL, IOC etc. above 2500/- mark. But as per my analysis, I thought HPCL might open above 240 as it was closed around 223, my purchasing price. So at best I might incur a loss around 50,000/-. But in fact, it was not the case. HPCL opened at the upper range of the day and I closed my position around 295 same day. With a single stroke, I lost my entire capital. After that loss, I decided to quit the self trading forever and go for a job. After searching for 15 days, finally I found a job as technical analyst with a monthly salary of 10,000/- (there was no incentives). In fact, I was very very desperate to get a job. My new company was totally techsavy. They encouraged people to trade technically. For that purpose, they used Reuter, Metastock, Advanced Get (all were genuine) and Tradestation 2000i. So immediately I got a huge platform to horn my skill. There were independent senior analysts who traded on the basis of chart. It rejuvenated my demoralised mind. In fact I felt guilty, as I blown away my father's money. Slowly I tried to concentrate in my new job.
Initially, my new boss never forced me to trade or do any other thing. He simply told me to explore the net and read as much as possible. He told me he appointed me as his personal trader and be prepared to handle position of value around 2-3 Crore. It excited me much. Finally I started trading and it was in one lot in two to three scrips. I stayed in that company for 14 months. In those 14 months, I made a profit of 12 lakhs.
In between, I found my friend who was trading at Daryaganj, bought flat, car and everything. His monthly pay out was mindblowing. He was a famous name in Delhi's jobbing circle. The very low brokerage rate had always in my subconscious mind and in fact there was an urge inside to trade for myself. After working for 14 months, my salary was increased by only 2500/- without any incentive. I found no stimulant for my motivation. So I ask my friend to arrange a seat at Daryaganj besides him. After one week, he called me to join him. He also arranged Tradestation 2000i for my trading. After knowing all such things, finally I tendered my resignation to my boss.
Please have patience and wait for my next journey.
With Best Wishes