Welcome to protraderblog

Hello Everyone….

My name is Shishir and welcome to my blog.

I am a 37 year old practicing Radiologist by profession and an active trader by passion.

This blog is my effort to engage with people who want to learn how to trade more effectively. I would like to share what I have learnt over the last 20 years by reading countless books and watching and going through numerous chart setups doing all types of technical analysis.

Trading stocks/futures/commodities/cryptocurrencies is a subject which is extremely vast and which can’t be mastered ever. You always get to learn something new with each passing day and I have tried to imbibe as much as possible during my leisure time.

My journey with the stock market began more out of curiosity…

I was 17 years old at that time and had just started my first year of M.B.B.S at a highly reputable medical college in Mumbai, India. My grandfather had a habit of watching the daily news bulletin just after dinner time and one of the segments in the bulletin was the economic news. They used to talk all about the Bombay Stock Exchange Sensex rising and falling. It was all Greek and Latin to me at that time. However one thing which I did notice was that the people making money doing this were always glued to the market news and were taking decisions based off that…Or atleast so I thought.

Can’t be too difficult…Can It!!.

But one of the earliest hurdles which I ran into was whom to ask about what this whole share market game was all about. There was no mentor at home. No one in our house was into this space. We are from an educated middle class family but none of us had ever dabbled into the share market and had generally kept away from this space. Fear of unknown I guess!!

However as years kept passing by I kept growing more and more inquisitive about how this entire thing worked. With time my curiosity turned into a genuine interest which I have cultivated and nurtured over all these last 20 years. Fortunately folks at home have always been supportive of my involvement in the financial markets.

I found excellent guidance in simple well written books which introduced me to the world of trading. My interest most definitely leaned more towards the technical analysis component as against the fundamentals. The fundamental analysis of a market segment is still Greek to me and I don’t think its my cup of tea. Books were later complimented well with actual practice trading on the charting platforms, many of which are available online for FREE thanks to the most revolutionary invention of our times…The Internet.

Anyways so after many ups and downs including some major losses followed by some even bigger victories I have decided to start blogging about what I have learnt in my journey so far. I have traded on all sort of instruments starting from Equities to Futures to Commodities and also the latest sensation in the markets, cryptocurrencies. Hopefully some of you who have similar interests will join me and follow along with me. And maybe learn something from my experiences and mistakes.

I will be talking more on about technical analysis and how to use it to trade any market and make small consistent gains out of it in the next few posts. I will be sharing some great resources which I have found useful and which have given me some consistent profits. Am looking forward to hearing back from the readers. Leave your comments below and tell me how long you have been trading and what in particular would you like me to talk about.

Adios…..

 

17 thoughts on “Welcome to protraderblog

  • I m doing trading for long term
    I dont prefer intraday

    I m doing with the help of my friend (not doing actively)

    Since 2to 3 yrs

    • Long term holding strategy is one of the best ways to take benefits of the market movement in a stable economy especially doing part time. Well done Kiran.

  • Great write up Shishir..And I know how always u r looking forward to newer things. Trading is a really a topic where majority are afraid of it and not willing to come forward to capture the details..
    I think this will be great idea
    ..Keep it up dear..Best Wishesh

    • Thanks Amol. Really appreciate your support.
      Fear of the unknown really holds most people back. My intention of this blog is to help out alleviate a bit of that fear.
      There’s a lot of money to be made doing trading.

    • Thanks Mahesh….

      Not sure about tips..But I’ll surely pass on some useful knowledge which will make you insane profits without depending on anyone for trading tips.

  • Interesting. …. nice narration.
    Recently I started trading. I will find helpful to read your blog.
    This will be one of the plateform for trading. Great…..

  • Rakesh Jhnunjhunwala

    Big Bull Badshah of Dalal Street Rakesh Jhunjhunwala needs no introduction he is known as stock guru and warren buffet of India. By profession Rakesh Jhunjhunwala is a qualified Chartered accountant. He started his investment in stock market when BSE Sensex was at 150 in 1985. He started his investment with 5000 Rs/- and now his portfolio worth is 5119 Cr. He manages his own portfolio as a partner in his asset management firm, Rare Enterprises. Jhunjhunwala’s portfolio of stocks is tracked religiously by many followers. His latest stock portfolio is given here.

    Rakesh jhunjhunwala is indeed successful stock market investor. So question arise that what are things/qualities that makes Rakesh Jhunjhunwala successful & billionaire Investor?

    India has many so-called stock experts, trader stock analysts but none of the trader or stock analyst is as successful as Rakesh Jhunjhunwala. So with close observation I could locate following 5 secretes that make Rakesh Jhunjhunwala successful billionaire Investor.

    (1) Capital:-

    To make money you need money, this may not be true in many cases but in case of stock market you need a lot of capital to become zero to hero or to become successful billionaire Investor.

    But another big thing is capital can be made also. This is what rakesh jhunjhunwala has done. How he has gone with a starting capital of Rs 5,000 to a net worth of a few thousand crore rupees is now the stuff of urban legend.

    Rakesh Jhunjhunwala said in one of his interview “I had no capital when I came to the markets, and no father gifts and no father-in-law gifts. So I had to earn the capital to invest. How do you invest if you don’t have the capital? And I got the capital by doing future trading.”

    In 1985 when Rakesh Jhunjhunwala has started 5,000 Rs/- was said to be good capital for investment today you at least required 2-3 Lakh as initial capital to start investment in stock market.

    Top 5 Stocks of Rakesh Jhunjhunwala Source of Learning

    (2) Knowledge:-

    In today’s world for every business or job you need relevant experience and skills. Without knowledge and experience one cannot get good job or cannot establish good business. Same is true in case of investment & stock market.

    You require specific knowledge and skill set to become successful like Rakesh Jhunjhunwala.

    Rakesh Jhunjhunwala said “Markets are about money, but markets are also about knowledge. Markets are also about egos; markets are also about the satisfaction of having been proved right. Especially, when that right is from an original thought and not from a guided source or following somebody.”

    You need to do lot of research, a lot of data gathering and a lot of knowledge accumulation before making investment in stock market.

    (3) Right time Right Decision:-

    For every investment you make time of investment matters, especially in stock market, you have to be selective and have to pick right stock at right time. Rakesh Jhunjhunwala is master of that, he pick correct stock at correct time.

    He made his first big profit of Rs 0.5 million in 1986 when he sold 5,000 shares of Tata Tea at a price of Rs 143 which he had purchased for Rs 43 a share just 3 months prior. Between 1986 and 1989 he earned Rs 20-25 lakhs. His first major successful bet was iron mining company Sesa Goa. He bought 4 lakh shares of Sesa Goa in forward trading, worth Rs 1 crore and sold about 2-2.5 lakh shares at Rs 60-65 and another 1 lakh at Rs 150-175. The price rose to Rs 2200 and he sold some shares.

    So right from beginning he has quality to select right stock and to click correct deal at correct time. This is important quality to become successful in stock market.

    Warren Buffet Basic Screen Test passed by only 12 Stocks

    (4) Patience:-

    Controlling emotion and keeping patience is extremely important in stock market. Stock market moves upward as well as downwards. During down trend or during market crash one should maintain patience. In other word one should have faith in investment made in stocks.

    Jhunjhunwala’s stocks fell by up to 30% in December 2011. But he has quality to keep patience and that patience pays its fruit. He recovered his losses in February 2012. This year his portfolio has given around 35% returns.

    (5) Vision:-

    I believe that if a person can dream up something he/she can do it. It may take time and effort and persistence but it’s not impossible. Personally I believe dreams are worth fighting for because they are a representation of out truest self and out innate abilities.

    In word of Industrialist Dhirubhai Ambani “Only when you dream it you can do it.” Or “For those who dare to dream, there is a whole world to win!”

    According to me Rakesh Jhunjhunwala is visionary. He started with capital of Rs 5,000 in 1985 and now in 2013 he is sitting on portfolio worth 5119 Cr. To start with Rs 5,000 and to reach to Rs 5000 Cr in stock market is indomitable. He sees Dreams and has capability to turn dream in to reality.

    To be successful in stock market like Rakesh Jhunjhunwala one must have vision.

    There could be many other factors responsible for success for Rakesh Jhunjhunwala but preliminary I could find above 5 things which makes him successful in stock market.

    60 Inspiring Quotes & Tips by Rakesh Jhunjhunwala

    Investment Philosophy of Rakesh Jhunjhunwala:-
    Rakesh Jhnunjhunwala stock picking strategy is influenced by George Soros trading strategies and Marc Faber’s analysis of economic history. He endorses the rule, “the trend is your friend.”

    His investment philosophy says “Buy right and hold tight”.

    He admits to having been a bear in the Harshad Mehta days and believes that investors should be like chameleons. He has said that the markets are temples of capitalism and believes that they are the ultimate arbiters.

    He claims to base his trades, in part, on the business model of a company, its growth potential, and its potential for longevity. He factors in heavily the competitive ability, scalability and management quality of the enterprise. The entrepreneur, according to Jhunjhunwala, makes an invaluable difference to his expected investment returns. According to Jhunjhunwala, believing in the vision and the beliefs of the entrepreneur and evaluating risks that may not be perceived by the entrepreneur are key success factors for a trader.

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