Don’t be Penny-wise Pound-foolish……My Journey as a Trado Trader

Don’t be Penny-wise Pound-foolish……My Journey as a Trado Trader

I took 10years to relentlessly follow the teachings of Saint (Dr Sree Kumar Ravindran) and absorb all I could from the published blogs in various forums.

While most of my learning through Saint’s blog helped me instil the passion towards trading…..there was that one mind block to make the very first step into this “Weird wild world of Stock market”. Then came the launch of Tradonomix, an Academy which for me is an Institution that aims to bring passion/dream into a reality for those standing on the shore waiting to wet their legs and feel the spiritedness of having achieved their dreams…….

I was skeptical on joining any course and it took few rounds of discussion with the Tradonomix team till I was convinced that……..how can trading be different from flying a plane…and how is that it takes several hours/months to learn flying while we need no preparation for trading……. This according to me was absolutely ridiculous……My initial learning from the blog made my decision easier.

My training was unforgettable……awesome bunch of well-read and experienced trainers, energetic group of peers to support each other, complex homework and to top it all…..The Trader’s Group-Silver and Gold Club……made me feel a dream come true…..

Trust me if you don't learn trading the methodical way……you are certain to lose money in a single trade which would account to more than that of your course fee. The course clarified my doubts on money management, risk management, when to trade and most importantly when not to trade. It also helped me to maximise the gains and minimise loss. It improves your confidence towards trading and helps you to grow into a Prudent Trader.

Thank you Tradonomix……I’m glad to be a TRADO TRADER.

Milind

GAMBLER TRAIT NO 1:BUY,BUY,BUY ON DIPS!!!

Go anywhere and one sees the desperate call to BUY. Screaming from news channels,financial websites, every analyst around cries out: Here is a Dip!!Buy it, buy it now before the chance is lost, before all possible chances of getting at lower prices is lost forever. Go on Twitter, go on CNBC, Bloomberg, read any financial publication and there is this desperate cry exhorting you to buy the market NOW and on Dips.

Ask them how much of a Dip a Dip should be before you can possibly get into these markets, and you are faced with a blank look and a deep, pondering silence. A long, glum, gloomy Silence. Many of them would quote a Warren Buffett line of Buy Low, Sell High and then pray that you stop with your piercing questions. Do go easy on them though ,they really have no answer to these questions.

Markets go up, they go down.There is no madness when markets correct or enter into a downtrend. No madness at all when extreme price action to any one direction settles down to an opposite trend. But there is indeed a great madness in this great desperation of convincing everyone to buy under the guise of BUYING ON DIPS!!! And a greater madness, when that is exactly what you go on to do.

Think Shorts in a Downtrend. Think Longs in an Uptrend. Know the difference between the two, and the exact point where one becomes the other. A Downmove is a downmove is a downmove and there is only one action that needs to be done. Take shorts(in Futures Markets) or stay out if your country or market does not allow that. But trying to catch a falling knife, and you are going to get hurt.

Buying on Dips however intelligent the concept may sound ,or however aggressive that concept is sold, is nothing but a gamble.Get on the Right Side of the Market. Apply your strategies and become a Strategic Trader. Remember one important thing: If you want to be the greatest of gamblers, be one, but the greatest Gambler does not gamble. He plays as per a well planned out Strategy.Stay away from small time, amateur gambling. Stay away from following a financial and media setup that tells you of the dire need for you to do so .Instead.......Go with the Flow of the Markets!!