Paper trading is trading with no real money and just with live market price. Let us understand how to paper trade the right way.
Let us see what is needed to be a trader or an investor and judge for yourself if you have the mindset of a trader or investor.
Each trade should not be more than 1/3rd of the total portfolio. Some positions are equal to my complete portfolio value but those trades are rare and few.
Market operates around 2 emotions aka Greed and Fear. I covered how to control greed the other day and today I will be covering on how you can overcome the fear of market.
Learn how to control greed in market because greed and fear are emotions that do not allow executing your strategies even though you know what is right and what is not.
When opening first account with any brokers in India, the sales person explains us investor and trader concept and then we tend to follow his guideline for judging oneself as investor or trader. The basis of his explanation is always wrong and so then we tend to get started with wrong mindset of considering oneself as investor where as he is just a trader.
In the last quarter of fiscal when we approach the month of March, questions related to taxation hit my inbox quite often and one of the very common question is – Do I need to file my IT returns when I am in loss for my portfolio?
Answer to question: I have shares of XYZ Company at some price and it has fallen 20-30%. Can I buy more of XYZ at these levels or wait for some more correction before buying.
Learn how to make money not only investing in a long term portfolio but also trading your long term investments and long term portfolio.
Why strong Nifty support is around 4700 along with what is an expected roadmap ahead in market with action items for each type of investment objective.