How To Start Trading? | Beginners Trading
Guide | Booming Bulls
As a beginner, the first mindset you need to have is that you are a
trainee. A trainee's focus should be on the process, on learning the
skill, and not on the money. That is the biggest problem even expert
traders face some of the time. The first step to start trading is a
mindset. When the mindset is ready, let's move on to the next point. In
order to execute training, you need a Demat account. Zerodha and
Upstox- I use these two and I promote these 2 and I prefer these 2.
Kotak charged me Rs200 for trading in Zerodha. Where Zerodha
charges Rs20, Kotak charges Rs200.
The fourth point is funding. If you want to fund your account, then how
much should you fund? Paper trading means you don't need to place
real money. You have to apply real strategies, which I am about to tell
you, in live charts. Paper trading is back-testing and forward testing. In
intraday trading, you start trading in the morning by 9:30 AM and cut
your positions somehow by 3 pm. Swing trading is positional trading in
which positions help for longer than a single day. There are 2 kinds of
trading and this uses a lot of capital. In this , we need to trade on a
thing named Futures and Options trading. We'll talk about it at the end
of this video. We will use our favorite intraday VWAP strategy.
Stoploss is an automatic order in which I decide If I bought a share for
Rs 100 and if this share starts falling below Rs 95, then removes
automatically. So that I don't have to come and press the button to sell
It'll automatically cut me off, it is called stop-loss order. Risk Per-trade
means the risk I am ready to take in a trade. If my account has Rs 1
lakh risk, can I take a risk of Rs 20000? Or of Rs 1000? Or Rs 2000? Or
Rs 5000? So how is it possible? It is possible. If you took 100 shares of
Rs 100, then we'll earn Rs 200 Never make a loss from your account
more than 2% to 5% Otherwise, you won't be able to work long-term.
And habit is the most important of all, so work on your habit. So that is
risk management. Now the next main keyword, the main topic is
psychology, Psychology means our way of thinking. Whenever a loss
occurs, you should have the psychology that it is part of the process
I'm considering it as an expense because a business's turnover is not
equal to profit. Turnover - expense = profit but in trading, people think
profit is profit. No, the profit is turnover Loss is expense What's left is
profit People don't know that So this is the psychology you need to
adopt.
Options trading will make you sink, why? Because Option trading is an
expert-level thing of all If you have to do something, how do you start
it? Beginner, intermediate, or advanced It takes time and can only be
done by someone who buys and sells options for 3-4 years in the
market.
Guide | Booming Bulls
As a beginner, the first mindset you need to have is that you are a
trainee. A trainee's focus should be on the process, on learning the
skill, and not on the money. That is the biggest problem even expert
traders face some of the time. The first step to start trading is a
mindset. When the mindset is ready, let's move on to the next point. In
order to execute training, you need a Demat account. Zerodha and
Upstox- I use these two and I promote these 2 and I prefer these 2.
Kotak charged me Rs200 for trading in Zerodha. Where Zerodha
charges Rs20, Kotak charges Rs200.
The fourth point is funding. If you want to fund your account, then how
much should you fund? Paper trading means you don't need to place
real money. You have to apply real strategies, which I am about to tell
you, in live charts. Paper trading is back-testing and forward testing. In
intraday trading, you start trading in the morning by 9:30 AM and cut
your positions somehow by 3 pm. Swing trading is positional trading in
which positions help for longer than a single day. There are 2 kinds of
trading and this uses a lot of capital. In this , we need to trade on a
thing named Futures and Options trading. We'll talk about it at the end
of this video. We will use our favorite intraday VWAP strategy.
Stoploss is an automatic order in which I decide If I bought a share for
Rs 100 and if this share starts falling below Rs 95, then removes
automatically. So that I don't have to come and press the button to sell
It'll automatically cut me off, it is called stop-loss order. Risk Per-trade
means the risk I am ready to take in a trade. If my account has Rs 1
lakh risk, can I take a risk of Rs 20000? Or of Rs 1000? Or Rs 2000? Or
Rs 5000? So how is it possible? It is possible. If you took 100 shares of
Rs 100, then we'll earn Rs 200 Never make a loss from your account
more than 2% to 5% Otherwise, you won't be able to work long-term.
And habit is the most important of all, so work on your habit. So that is
risk management. Now the next main keyword, the main topic is
psychology, Psychology means our way of thinking. Whenever a loss
occurs, you should have the psychology that it is part of the process
I'm considering it as an expense because a business's turnover is not
equal to profit. Turnover - expense = profit but in trading, people think
profit is profit. No, the profit is turnover Loss is expense What's left is
profit People don't know that So this is the psychology you need to
adopt.
Options trading will make you sink, why? Because Option trading is an
expert-level thing of all If you have to do something, how do you start
it? Beginner, intermediate, or advanced It takes time and can only be
done by someone who buys and sells options for 3-4 years in the
market.
