Any Trader Can Take Risks

If you were wondering about the title, it is a quote worth contemplating. The quote by a market veteran goes
like this:

"Any Trader can take risks. All he has to be is stupid"

How true this is with respect to trader (they call them selves traders!) or punters on the Indian markets.

We have a tendency to try predict the market movements, the tops, the bottoms et al. The first question

I get asked when I mention that I am a professional trader is, Any tips for the day?

You do not know whether to laugh or to cry. You cry when you hear the story behind the person,

80 to 90 per cent of trading capital gone, in this mother of bull markets in Indian Bourses. But still,

no quest for discipline or steady business like returns. The quest is for that one trade which will be

the ticket to riches, a stock market version of Kaun Banega Crorepati!!

What does this group of "traders" do?

well, they day trade, they work of tips by brokers, they trade after a breaking news on the TV channels!

they go for futures trading without hedging or any form of protection, they "try their luck" at commodities.

The end result, broken spirits, empty pockets and a dislike to the markets.

Please don't let this happen to you. The markets pay off well if you are disciplined and mature in your approach.

Treat your trading as a business venture, plan your escape before you enter a trade and you will be far ahead of the field.

As for me, I will continue helping my clients earn their bit safely and surely, as I have done with my own trading always.

If the markets confuse me I will stay out, If I see an opportunity I will take it. If I see a loosing position I will close it.

You do the same and you will succeed.

Good luck with your trading.