When I Started
I started into equity market as money making opportunity when the market was booming in 2007 with 50,000 Rs. I did my first trade on 22nd June 2007 and purchased MAN INDUSTRIES (INDIA) LIMITED and in a day or two I was richer by Rs 300 and started multiplying numbers. Daily 300 Rs would mean I can easily make more than my Job. Hurray !!! I was on top of the world.
Soon reality check kicked in and I realized that it is not as easy as it looks from outside. You need to understand lot of things before making a move. I had a taste of some huge gains but I also realized that those were one of gains and I am not able to repeat them. I tried repeating them but lost not only my gains but even a lot of my capital.
Learn To Trade The Market
As the famous quotes say “You Learn More From Your Losses Than Your Wins” and the same applied to me. I was certain that there’s lot of money to be made from the stock market if I am willing to learn the right way. Being in the market for 5 years I can say for sure that if you are ready to learn the right ways, you can make lot of money from markets.
Being from non-finance background I was not very keen on writing a book on equity market. I always wanted to be in equity market but more for a personal hobby. As I buried myself into equity market I found that there is too much of crap information and it is very difficult to understand who you should believe and who you should not. The amount of noise in the finance domain leads me to DIYTechnicalAnalysis.com.
I am B.Tech in IT and I know some of the best programming books are written by people from non-computer background. This made me to believe it doesn’t matter what background you are from but what matters is your expertise and willingness in the subject. If you know it, you can always write about it. Yet another reason I went ahead with my ebook – Understanding Chart Patterns.