It’s quite amazing that as soon as I decided to relax and find my way with stock marketing investing, the universe has decided to give back. In just one and half month, I’ve made more money than 8 whole months in 2020.
What have I done differently?
In 2020, I was making 6-7 trades per week, trying to figure out which indicators work for me. Should I trust stochastic, RSI, EMA50&200 or should I just follow price action? I found a system that works for me and 2021 was when I applied it unemotionally. I now make barely 1-2 trades a week. I can research post market hours and don’t have to stress during my work days. I realised in 2020 that trading the way I was doing it was affecting my work, specially during the last few months when there wasn’t much stress at work. The way I was trading wasn’t sustainable nor was I making money for the amount of work I had put in. The new system that I’ve built for myself is working where I can control stop loss. At this point, I must recommend Zerodha and it’s GTT feature. All of this has been possible because Zerodha has been able to provide these features for free. Just to be clear, this isn’t a sponsored post. This blog is journal for me and I haven’t really advertised it.
I’m at INR 36k as of 11 February 2021. This is up by freaking INR 13k since my last update.
INR 64K more to go.
I’m planning to increase my base investment of INR 1.3L to INR 1.8L. The final amount is still lower than the 2L initial investment I had started with. Since I don’t deal with Futures and Options, I’m only playing with equity. The progress is slow but I don’t think I’m ready to for F&O yet. Hopefully, this series graduates someday where I’m trading in F&O. That will be uncharacteristic of me since I don’t like too risky investments.
Please note that none of this should be taken as advice to buy. You should contact your financial advisor for such decisions if you’re unsure of it. I’m only sharing my thought process on this blog.