My primary love is professional trading. That's what I do, that's
what I breathe. Trading gives me passive income, my money is busy making money
for me. It is my passion, however that is not my occupation. My job is somewhat
of a missionary set out to educate people about the art of investing and
trading. My job as a coach is to find talented people and make sure they learn
and follow the fundamentals of the art. This is the goal I have set for myself.
This is why I wake up every morning. This is why I sleep every night. However
on this journey I encounter many people who come into trading having
accumulated either a lot of money or a lot of dreams. I have seen a lot of
doctors, lawyers, engineers, techies, accountants, architects and the like. All
those professions require a lot of training to master the skills involved. You
simply cannot go to a realtor without any proper training or qualification and
say "I'd like to design this structure for you today." Instead it
takes 5 years of study, many years of practical training and above all
commitment towards transforming oneself into an innovative designer.
Professional trading is the same concept with little positive
variations. However the one important aspect of life that prevails in any
business, job, or profession is commitment towards what you do. You should do
whatever it takes to be what you want. I have taken this liberty to write certain positive aspects of
learning professional trading.
- It does not take a long time to understand. Technical Analysis, regardless of what people will tell you, can be learned in a month or 2 but it takes, 6 months to a year to become perfect. The best way to learn is by actually trading as your trading decisions may vary according to the market conditions.
- It does not take a long time to start making money. If you are trading, with the right knowledge and according to a well learnt plan and market conditions suiting your trading plan, you can start potentially making money in the first year. The larger your starting pool, the more you can make.
- Many people also have this perception that it is here in the trading world, where you can make good fat money in no time. They are right to an extent however it does not fund a lifestyle straight away. Depending on how much you start with, it takes time to build an account that funds a lifestyle. It took me a lot of years. I was working for my father and was saving whatever I could. It took me a lot many years to learn the concepts and yes, I have learnt all the hard way. I have even lost more than 70 % of my trading capital but I didn't quit. Now when I look at my students, sometimes I do feel envied as I never had what they had; a mentor who would guide me through the bends in the road of trading. They have way better chance of making consistent money than what I had but it still takes time and of course the commitment. It took me 4 years to get a professional degree (B-Tech - IT), before I earned a rupee. It took me 2 years to complete my post-graduation (MBA - Finance) and it took me more than a year when I started earning passively from markets.
- You enjoy freedom of time. Depending on your trading style you may have to give not more than an hour of your entire day to trading.
- You enjoy no employment costs. You are a one man army. You do not need to hire someone to work for you. This business doesn't require man power unless you set up your own money making factory.
- There are no geographical boundaries. This business allows you to take your setup anywhere you have planned a family trip to. All you need is your laptop and internet.
- There is no scare of recession. This business will never go out of work as you make money when market goes up, you also make money when market goes down and you even make money when market is at stand still.
Keep Investing || Keep Trading || Keep Walking
Nikhil Dhingra
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