I am taking you back in time with my experience of the stock market.
We all get to notice things when they are shining as hell, when everyone talks about it and the same thing happens in the stock market too. Everyone is talking about it and making money and yes they might be telling you the truth that they are making some money but for that instance, because either they are new comers who didn’t have much experience of the market cycles or they are just showing it off to influence you. In either case it’s not good to be foolish and believe in anything whoever comes to you and says or shows anything. Always believe in facts, data and self experience.
It's human tendency to see oneself grow, get rich and have luxury and because of these human tendency,is what influences the person to go with anyone who shows the fairy tail of the stock market to them. With words like “you can dig in the stock market with so little money or we give you a strategy that's working 100% and you can make lots of money out of it. Casinos, gambling, chit fund companies and some people who talk about the stock market, as these are the way to enjoy your financial freedom, getting richer soon and easy and what not. These things are not related to stock market experience but they already are within everyone and come out with “stock market” names. So now I'm going to tell what I have learned from my initial days of stock market experience -
1. Earning from the stock market is the same as any other profession. Like if you start a business you have to know the below mentioned things which are similar in stock market as well.
a. First off all the initial capital.
b. When to start a business/trading.
c. What is your edge compared to others in competition?
d. How is your money management there? Like in business we segregate our capital into sections based on different factors, risk and scenarios.
e. Do you have any backup plans if your business or trading fails to generate the income or money you planned for.
2. These are things (Point 1) people ignore to do in starting days. And In hurry to earn more and more they jump into this business and sometimes with full capital also.
3.stock market is not 15 mins or 1 hour work its not part time and easy money, it is full time commitment same as we do business, whats actually different is
Here you pull out those 15 min or 1 hour to actually implement what you learned and observed in the rest of your day.
4. You have to invest not only your money but your time too
So during this initial journey I was introduced to KEEV. Honestly speaking I had tried other tools too but KEEV was fairly simple to use, and that's what is attracting newbie traders to the platform and that's why it is important to share this bit,so from the people reading it here in KEEV and using KEEV I should expect you to avoid the mistakes I made and other common mistakes I mentioned and go with a plan. First learn and then execute.I know these days everyone is talking about passive income and trading and stuff don't let the internet rush you. The platform itself is simple and easy to use but the stock market isn't.
Also for the non KEEV users, as I said in 1.c that you have to have an edge over other people and there KEEV helps you with the following things to improve your edge. Some of them features it has are:
A. When you have to test your strategies it provides multiple scripts to test in once. It saves time and also helps you to understand which kind of stocks gives you better return with those particular strategies because different types of stocks follow different types of moving patterns.
B. It provides the charts with the buy/sell entry on the scripts you are testing to verify that your codes of the strategies are working fine and you can trust it well no other platform provides that.
C. It includes the optimization Features that will automatically show you what kind of Risk to reward ratio (R:R ratio) fits perfectly in your strategy.
So with all these features you can probably get some edge over others.
And one last thing I want to add is think of it as “what you do to get a job that pays for your bills”. You do schooling, get education do college then do some project. You invest your time and money and after that you can make some money out of it. Take the stock Market as the same, it is not a lottery ticket to get easy money, it goes in a similar dimension of learning, practicing and starting your career in it.
Thanks a lot for reading this out. Have a great day.
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