Hi guys
This is my personal problem that I wish to discuss with you guys, feel free to reply/abuse or anything to me on this thread.
I am working at a software firm in Mumbai. I always keep on feeling that I need more money, my life would be better if my salary can increase.
My expenses are growing faster then my salary (inflation>increment).
I am married and have one kid, and the household rent burns a huge hole in my pocket. I am unable to dream to buy a house/car with my meager savings.
I have tried almost everything (from past 5 years) to improve my life but it dosnt. Now I am not sure what to do? should I take sanyaas and go to Uttrakand and opean a tea stall. Or should I stop worrying about life and let it take its own path.
Can anyone suggest some solution? How can I make more money?
Dear friend
generating more income is generally not in one's hands, cutting down on one's expences and expectations is. as a few members have suggested before, try and cut down on your expecnce and expectations.
you have tried everything in the past 5 years and nothing has worked... at times it is better to just let go and let life take its course.
going to Uttrakhand and opening a tea stall would not solve your problem, it may fulfill some childhood dream of living in the hills. but do give a thought to your family, your child's education etc. before you do it.
trading in financial markets is a very difficult and high pressure job. in your current state of mind (frustration/irritation), I'll give you a 9.9/ 10 chance that you will not succeed and in effect, you will make your problems worse.
you have to understand that a stock trader, however good he is, would not be able to program in C++ or understand java. if he wants to do that, he will have to give a few years in understanding. same goes for people who come from any other field and want to trade the financial markets.
lastly, there is a lot of information regarding trading available on the net. some is good, lot of it is BS. pick up something that seems logical to you. study it for sometime, stick to one method , do some paper trading and then start small... start only when you are in a relaxed state of mind.
best of luck for your future.
regards
PS. there are some very good posts/ threads on price action trading by Smarttrade. go thru them and you may find lot of value there.