How to get rich trading (without getting lucky)
Complete beginner’s guide to wealth of Rs 10 Cr in 10 years
Step 1: start trading live
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Nothing can substitute experience of live trading
No amount of back-test, studies or indicators can substitute training your mind with screen time
As a beginner, In live trading, you will make losses almost everyday
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So here are the conditions which you can’t violate in first year
If you can’t follow these rules, this document is not for you
Start with trading capital of Rs 1 lakhs
Max loss per trade 0.25%, i.e. 250 Rs
Max loss for the day, 1%, i.e. Rs 1000
Max 6 trades in a day
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I know, these conditions will cripple you in terms of what all you can trade and how
But just like any start up, trading is also about making it through initial gruelling constraints of life
You will also learn, how to turn these adverse rules to your advantage
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Btw, you can sell directional banknifty options, obviously you can buy options, can do cash stock trading and much more under these conditions
Think about it, you will be do all kinds of instruments, just that PNL will not be roller coaster ride or exciting like a casino
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