Chapter 1: Listening
by PRASHANT SHAH -
Me: I have been trading the markets, but have had no luck. It is really difficult to become successful here. You: Hmm. Which instruments you trade? Me: I have traded in all possible ways. I have invested in stocks in the short term. I have a long-term portfolio. I have traded derivatives. I have done ... Read more
Chapter 2: The Problem
by PRASHANT SHAH -
You: I want you to know that you have worked very hard. You are intelligent and experienced. You have understood several aspects of trading and investment. Me: Yes, but I am not successful. I need to find the solution to my problem. You: In today’s era, where information is easily available, finding the solution is ... Read more
Chapter 3: Duties
by PRASHANT SHAH -
Me: What is a better time frame for trading if you want to generate good returns? People say you benefit by investing for the long term. You: What is the definition of long term? Me: May be one year? You: Why one year? Because of tax benefits? Or is it that you might need the ... Read more
Chapter 7: Success
by PRASHANT SHAH -
Me: I think many experienced traders know about things like having a trade plan or focusing on trade psychology, etc. But I don’t think many traders follow it. Why is that? Is it because these things are very difficult to implement or is it because they are overhyped? You: Everyone knows that we should exercise ... Read more
Chapter 8: Check
by PRASHANT SHAH -
Me: You talked about different methods instead of maintaining documents. I think discussing with like-minded people would be more effective for me. You: Do that then. You can always have trading buddies. Me: That’s nice. You: In a group of like-minded people, the job of everyone is to keep others disciplined and not let them ... Read more
Chapter 9: Principles
by PRASHANT SHAH -
Me: We must work to overcome the noise. What you said can also be achieved by having a goal in mind and working through the problems to achieve that. If I have a goal or expectation of returns, I will be practicing the techniques and remain focused. And this can help me achieve my expectations? ... Read more
