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My Journey To Trading In Indian Stock Market

Discussion in 'My Journey Discussions' started by europemaverick, Sep 23, 2019.

  1. europemaverick

    europemaverick Junior Member

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    Hello and welcome to my journey. I wanted to do something in IM but it seems everything has become too competitive (or maybe I lack skills and knowledge). Anyhow I had saved enough money (close to $5000) from freelancing gigs and recently started trading in India's stock market. I started with $3453 and kept rest safe in bank.

    I will be updating my journey thread everytime I make some profit. I have already made some decent returns in month of September 2019 which I am posting below :

    September 5 2019 - 2,41,728.71 ($3453)
    September 10 2019 - deposit 5,000 ($71)
    September 14 2019 - 2,49,434.76 ($3563)
    September 16 2019 - deposit 8,000 ($114)
    September 22 2019 - 2,59,475.01 ($3706)

    Main figure is in Rs. (Indian currency) and USD in brackets. Deposit is when I add money from my freelancing gigs to my trading account.

    As you can see I started with $3452 and have made $65 profit within two weeks. It's not much but slowly it will increase. I am sticking to fundamental giants in my country which do lot of business and won't collapse overnight.

    I usually book profit everytime my stock goes up by 1%. So I buy at let's say $100 and then sell at $101. I have a list of 20+ companies and invest partial amount in each company, book 1% profit and re-invest in some other company.

    September 23 2019 was the best day in this month because I made close to R.s 7000 ($100) in a day.

    I have attached some screenshots. Don't get confused by numbers in red and all. I book those in profits and then average those in losses, and then book them later in profit. So when I sell something my main holding amount goes down.

    As on September 23 2019 I have Rs. 2,66,335 ($3804).

    I am trying to generate atleast 3%-4% return every month which is approx. $100+ per month. I know it does not sound much compared to rest of journey threads here, but in long run when compounding kicks in money starts multiplying very fast in the stock market. Ofcourse their can be losses but I am hoping to avoid problems. I haven't booked single loss so far in month of September.

    Let's see what I make this week and in next month.
     

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  2. TheVigilante

    TheVigilante Jr. VIP Jr. VIP

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    Any particular site that you used to learn trading or did you attend any course?
     
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  3. krishnacode360

    krishnacode360 Senior Member

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    Seems intresting.
    I would like to trade, but years passed, I am not able to start.
    Let us know more about your strategies.
     
  4. Purush

    Purush Jr. VIP Jr. VIP

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    Best of luck. I have invested some stocks there. Lost interest as not able to track full time.
     
  5. kweiss

    kweiss Regular Member

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    Good luck! how long have you been trading? What are you trading and are you on MCX?

    100 USD a day is very do able with a strict RnR. I reach this on average.
     
  6. europemaverick

    europemaverick Junior Member

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    nope learnt myself. Have experience of over a year of profits and losses. Read a lot about business in general and hence doing trading.

    It's simple - buy fundamentally sound business on dips and sell on rise. Keep some money invested in few sectors at once.

    Yup you need to track the market almost everyday and then re-evaluate your strategies.

    Few months but only recently started making profits. Used to invest but didn't get much returns. Only NSE + BSE stocks and no MCX. Yes $100 a day is doable, but I am trying $100 a week for now. Later will scale up more with margin trading (after 4-5 months).
     
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  7. kweiss

    kweiss Regular Member

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    Do you use any indicators or are you more a price action and fundamentals trader?

    100 is very doable even with the amount of capital you are trading with. My largest draw down in one go was -20000 EUR. It was a rough night indeed :)

    But two years ago I felt comfy with risk and made 500-1K EUR almost everyday for 3 months straight. Then I took some time off.

    The key is to not blow up your account until there is no money left to trade. Now that I have recovered, I go slow and trade sizeable positions I can chew on.
     
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  8. europemaverick

    europemaverick Junior Member

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    Damn man 20K down must sting so bad. Glad to hear you recovered and made more.

    I follow only one indicator - RSI (overbought and oversold conditions). Other than that I have a list of good companies and track them on daily basis. Every-time they go down I buy (average on more correction) and then sell on rise. It's just that simple. I tried MACD and all but can't understand technical factors that well so stick to very simple trading routine.


    Update 24 September:

    Made Rs. 3000 ($43 approx.). Bought another company for few trading sessions.

    Hopefully will make this much today or tomm too. 4 more trading sessions left in this month. If I can manage $100-$150 more it will be a good month.
     

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  9. europemaverick

    europemaverick Junior Member

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    Update 26 September:

    Made Rs. 2600 ($37) today. Could have booked more profit from another company but am holding it since it can rise 1%-2% more by tomm. Bought another company with remaining funds and will wait and book profit by Monday (or maybe tomm.)

    Hopefully I will make Rs. 7000 ($100) more but let's see what happens.
     

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  10. aidehunsaker

    aidehunsaker Newbie

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    great journey
     
  11. armur

    armur Jr. VIP Jr. VIP

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    Wow! Nice journey mate.

    You're super disciplined and seem to be sticking to the plan well. That's all trading is actually. Identify a winning strategy and simply stick to it with discipline.

    I used to trade intraday about two to three years back. Made a good amount of money but then I decided to start a business and build a good stream of reliable passive income. Don't have time to sit and monitor the stocks these days. Hopefully, I can start trading now and then soon. It is kind of addictive :D

    Word of caution about using the leverage that discount brokerage firms offer though. It's a double-edged sword and could hurt you real bad.

    Looking forward to your updates!

    Cheers and best of luck! :)
     
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  12. europemaverick

    europemaverick Junior Member

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    I stay away from leverage (When I do take margin, I stick to positional trading). Also my plan is something similar. Double my investment, then generate returns and invest in some online business.
     
  13. europemaverick

    europemaverick Junior Member

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    Update 30th September :

    Made Rs. 9000 ($130) today. Booked early profits in previously bought companies and then made close to $90+ intra-day. Overall a good day and a good month.

    September stats :

    Started with Rs. 241,728 ($3453)
    Added Rs. 13,000 from my side ($185)
    Ended month with Rs. 280,618 ($4008)
    Made Rs. 25,890 ($370)

    Overall gains in September : 10%

    10% gains in a month is good. If I can keep making similar gains in next 3 months, I will have made atleast Rs. 4-5 Lakhs ($5700-$7000).

    From that point I will be making more than enough in a month to spare some money for investing in side projects (want to build an amazon affiliate site).

    See you tomm.
     

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  14. krishnaverma

    krishnaverma Jr. VIP Jr. VIP

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    You are making only profit? That is hard to digest based on my experience.
     
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  15. anilpendu

    anilpendu Supreme Member

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    Good Luck on your journey.
     
  16. sisusisu

    sisusisu Junior Member

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    Making profit in this bearish market .wow
     
  17. armur

    armur Jr. VIP Jr. VIP

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    Ah I expected a good profit :D With Indiabulls' fall any kind of short selling would've made good money. Well played!
     
  18. Value Stuff

    Value Stuff Jr. VIP Jr. VIP

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    GL op With your journey. I'm also planning to learn about trading.
     
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  19. jania.minia

    jania.minia Newbie

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    I will following this journey
     
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  20. Krikai

    Krikai Newbie

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    Following your journey, hopefully to get some knowledge :)
     
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