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 13: You
by PRASHANT SHAH -
Me: I find many trading strategies very useful, how to decide which one is the best for me? You: No strategy is best. Popular trader and creator of turtle trading method Richard Denis said that ‘I always say that you would publish my trading rules in the newspaper, and no one would follow them. They ... Read more
Chapter 14: Nature
by PRASHANT SHAH -
Me: I got the point that we need to understand our tendency and approach to decide on the strategy. Isn’t that a difficult thing to do? You: Yes. We are complex creatures. In Bhagavad Gita, three qualities of our nature are defined—good, impulsiveness and ignorance. There are three types of qualities in us that play ... Read more
Chapter 15: Desire
by PRASHANT SHAH -
Me: I understood that we must divert our thoughts to the good qualities and our actions must be driven by them. We must become disciplined traders. There are some problems related to practical trading. At times, markets become too volatile and difficult to trade. Even if we have methods and techniques in place, it becomes ... Read more
