To give a background, I am not full time trader but I would like to be, I work as Group Product Manager for Cisco and doing well. I do have the courage to become fully independent and I love stock market and even though I made losses with F&O positions my confidence didn’t go down.
What I like to say, my ability to enter and exit stocks in pure equity delivery positions have been good. To put thing in perspective I spent 30 mins a day in trading, with a capital of say $10k-$12k I have made $1k a week. Where I have failed is my over indulgence to over trade and this is where I ended up taking F&O positions and end up booking losses.
Two things still I like to highlight I lack are:
- I suck at F&O
- I lack the ability to hold investments for longer duration (5+ years I have not held any stock more than 5 years because of trading mindset and not investment mindset)
Thank you for listening.
I don’t detect a concrete system here. Too subjective. Read up.