Systemtrader review4/2/2023 ![]() This is where everyone gets it wrong which he nails it with his vast experience. No, it was not a trading system but mindset of a trader. There was some feeling that there has to be a secret that made him turn 3 Lac to 12 Lac and then came that part. We talked about some wisdom of day trading which I will not disclose in print and let you figure out yourself.ĭay 2 : The day started with revision of previous day and money management concepts we learned. ![]() That dawned to us that if you teach the same system with exact entry and exits, but all will have different results based on their risk appetite and psychology, which is true in your real life trading. With this game coming to close there was clear understanding that with same rules, everyone had different win and loss. To see everyone (including me) excited when we are right and sad when we lose was a lesson which you will not get in Psychology class. Īfter lunch we started playing money management game that’s where I started getting more interested as I run similar kind of experiment with students and feel that its the most important aspect of trading and fun too. Continued the session 2 of marking pivots with Madan on realtime charts and by lunch we finished the course in marking the pivots and we were like, wait, we thought it would be 2 day session and we are completed with the main part by lunch? Thoughts ran in my mind, may be he is hiding some secret (later realized that he has given more than that). Session I started with understanding of marking pivots although bit complicated but I told myself if it would be easy then everybody would be doing it. Many mentioned about psychology and money management but deep down I know every one of us wanted that secret formula. So I enrolled for his webinar and got super excited for the session in Mumbai.ĭay 1 : Session started with introduction and what was the motivation for us to join the session. By the way if you want to know he has already crossed 30 Lacs. Then started searching for whether he can teach us that in training and it will be the end of my search for holy grail □. He was trying to move 3 Lac account to 30 Lac and I remember he was somewhere around 12 lac in less then a year. I checked it and what I saw was completely unbelievable. Like every other trader one tab caught my attention, Performance – Intraday options trading account. One day, I saw my friend Kirubakaran putting a tweet mentioning that he had exciting time with a group of traders from Chennai and I saw Madan there which again intrigued me and luckily I got his twitter handle which lead me to his website. Interestingly, Madan was the first guy from India I heard saying about Fixed ratio and I got hooked on to the article. I found lot of merit in using it to increase the small account to large account. ![]() During my readings of working on position sizing, I read a concept called Fixed Ratio which was developed by Ryan Jones. One such trader who caught my attention was Madan Kumar. Then there was a pivotal moment where Nithin Kamath of Zerodha started interviewing successful traders who have really walked the talk. There are more factors like Money Management and Psychology. ![]() Then I realized the systems are only small part of the success for big traders. This experience led me to search for something more systematic where there are defined rules for entries and exit and read many books. They seem to work in when I am learning in trainers PPT and when back tested visually but somehow stopped working when I started trading putting my real money. I would have tried everything from traditional technical analysis, Elliott Wave to more sophisticated GANN Theory. Good part of my early trading career went like every trader’s journey for a search of system which can give me consistent profit day in day out so that I can leave my job, sit in front of the screen, see myself happily going to ATM to withdraw my profit at the end of the month. If you are still reading this, that means you think above proverb has some substance. If you think that way please stop reading below. You might be thinking one more proverb without any proof or evidence. Teach him how to fish and you feed him for his life time - Italian proverb. Give a MAN a fish and you feed him for a day. ![]()
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