After TradeX, What’s Next?

After attending TradeX you must be thinking that where to start? or how to get expertise in stocks in the shortest time span? Well, here I have discussed 10 basic steps which will land you up to your destiny as a ‘Successful Stock Market Trader’ in the shortest time span.

Step 1) Ask:

Just ask yourself ‘why you are willing to invest your money in stock market’. if your answer is ‘I need this money for my education to run my family and to fulfill my necessities’ then stop reading this answer and concentrate on your studies. But if you want to learn and explore a whole new universe of numbers where strategies create the wealth then ‘Welcome to the world of Stock Market’.

Step 2) Be ready with your PAN Card and Adhar Card

You must have PAN card and ADHAR Card ready with you in order to open your demat account for investments. It’s now mandatory!

Step 3) Open your demat account

Demat account is just like your savings account. You put your money in your savings account whereas you put stocks ( or securities) in your demat.

You can easily open your demat accout for free: link to open

Step 4) Make your own Strategy:

There are only two ways to analyse a stock. After getting expertise on these two analysis, you can easily identify ‘Which stock to buy’ and ‘When’ literally. Millions of traders all over the world use the same strategy for global markets too. I have been trading since 2009 and handled more than 500 stock portfolios as of now.

a. The fundamental analysis : It mainly comprises of Company’s management, cash flows, valuations, books, debts, past performances, dividend, its short term, and long term potential to back its debts, vision, mission, scope, strategies, future perspective, key people, bottom line performance over time, earnings etc.
(Learn in detail here).

I have made a video ‘Analyse the Stock: The Warren’s Way’ for understanding terms of stock market. You will definitely like it.

b. The technical analysis: It comprises of Candlestick charts, different indicators to find out the stock current trend, entry points, and exit points. Different strategies and indicators for daily trade mechanism. ( You can learn in detail ESTA).

Step 5) List out any 20 stocks you like: Make a bucket of 20 stocks and trace the price everyday (At least once in a while). In the stock market, the experience will be your best weapon and techniques will be your armor.
That’s how you will get to know how stock price reacts to different market situations.

Step 6) Practice through Virtual Trading:

This is 100% sure that if you have invested without preparation, your strategy won’t work and to beat world’s greatest wealth creator People prepare themselves day and night, learn new concepts and read blogs and then they become capable to sustain. Some of the websites are Moneybhai or Moneypot let people trade virtual in the live market. Practice it as much as you can.

Step 7) Discipline:

Investors should not be greedy and enter the market in haste before it signals a bottom. If you have decided that if I have purchased this stock at 400 Rs. , I will exit once it will achieve my targets ( say 420 or 430 Rs.) even if goes to 500 level in short term. Remember! disciplined Trader always makes money in stocks. ‘Entry point’ and ‘Exit point’ should be pre-decided. No matter how many times it is breaking your exit point but in order to make money in the stock market you must be a disciplined Investor/Trader. Cutting your losses has always been the best strategy one must focus on.

You can use 100 Day Moving Average or 200 Moving Average to decide when to enter and exit but once you have decided, stick to it. ( A bit advanced but useful).

Step 8) Watch Movies related to stock market investments:

You believe it or not but after watching these movies you will fall in love with financial market and will make every attempt to make yourself ‘The most successful Trader/Investor of the world’

Top 5 Best Finance, Stock Market Movies: With download links 🙂

a) Inside Job (2011) Download here
b) The Big Short (2015) Download here
c) The Wolf of Wall Street Download here
4) Margin Call Download here

Step 9) Read, Read and Read:

The more you read the wiser you will become. Remember world’s top 10 wealthiest people are avid readers.

You can download free eBooks here: https://equityboxx.com/free-ebook

Step 10) Give 15 minutes and read a financial newspaper daily:

If will happen for 20–30 days that you won’t understand the terms. It’s good because you are starting from ground zero level but, after a month or two you will feel a change within you. You will able to understand terms and jargons that traders/investors use for their trades. Once you will become familiar with these words you will become addicted to reading a new paper daily.

After 6–8 months, you will find yourself a knowledgeable Stock Market Trader/Investor.