The entire thread is about my learnings from 2 traders with whom I interacted yesterday. Both have a different style of trading and radiate a lot of positivity. Since,I love sharing,would insisit tomake sure you #retweet and share :)
Some of you know him as Nifty wizard and some call him @niftywizard .More than 150 mins of conversation and there were ample of learnings BUT I would love to highlight the once which are most imp for traders.
Middle conversation,clock strikes 6 & Jay asked for a break of 10 mins as he had his mediation scheduled. Discipline is when u do things when even no one is seeing.He could have easily skip,but he prefers discipline not just in trading but entire life
90% of our conversation was non trading based and about spirituality.Jay firmly believes that what ever good is happening in his life has most to do with being positive & spirituality.He is more spiritual than we all know :)
From being at a state where he used to roam on the streets with just 10 Rs in his pocket to a place when he had good money,Jay had seen it all but has never given up. He is simple guy who feels that with positive approach everything is attainable.
His secret is the secret.Rishikesh believes in law of attraction and has conveyed it before too that his entire life changed because of this book.He firmly believes that the lessons in this book are life changing.
Rishikesh is trying to master the art of hedging these days.After a series of losses initially in his career,he realized that unless a person doesnt understand how to hedge his folio,one can't make good money out of stock markets.
For a swing trader it is very important to deal with bigger time frames and this is exactly what Rishikesh does. To find the best bets he uses a combination of monthly as well as quarterly charts and that has made him good money.
Before I start let me tell I was kidding,lets learn now
If he learns something from someone he always pays due respect and also is always grateful to his guru. In world of SM where people forget all their gurus from whom they learn may be via Twitter,YT,TG,he never does that.
He is good in multitasking and a learner.Even today in mid market,he was busy learning new chart tech online sessions for which he pays 3000-4000 pm.
He feels its imp to invest in self hence he doesnt mind spending 3-4K
He makes it a point to see as many charts as possible no matter what happens. He is sometime awake late night only to focus on charts and nothing else. This is nothing but pure passion which all traders need to have. He sees multiple time frames and picks.
Keep learning
Keep growing