Be Your Own Money Maker
- by Manoj Kr. Singh
- (Author)
You can kick your irritating boss and leave your Job, You can survive and work anywhere in the world, You can be independent from the routine and not answerable to anybody…Yes, it can be true... Traders can have the best lifestyle in the world, Can travel to the best locations, can stay in best Hotels, can drink the best brands. Yes, we are discussing about trading in stocks. But, to succeed in trading you need several innate traits without which you shouldn’t even start. They include discipline, risk tolerance, and a keen learning attitude. Traders make money by buying at Low Price and selling at high Price. If you believe that Market will be going up, you first buy at
low price and then sell on high price and If you believe that Market will be going down, you sell first at high Price and buy at low price. (Selling first and buying after needs margin and can be done intraday only for stocks, However, you can do it in future). The concept is simple, but implementing it, is difficult. It is hard to be successful in any profession, but harder to become a good trader. Beginners often assume they can make money because they’re smart, can manage teams and have a record of success in their respective Profession. You can get a fast computer and even buy a back tested system from someone, but putting money on it is like trying to drive a three-wheel rickshaw with two wheels missing. The two other factors are Trader’s Psychology and Money Management.
Balancing your mind is just as important as analyzing markets. Your personality influences your perceptions, making it a key aspect of your success or failure. Managing money in your trading account is essential for surviving the inevitable drawdowns and prospering in the long run. Psychology, market analysis, and money management—you have to master all three to become a successful trader.
How long will it take you to become a profitable trader, What rules you need to set, which methods will you use, and how much Capital will you need? What should you study first, second, and third? How much risk to take in each trade and how much money can you expect to make? If you were searching the answers of these questions, you picked the right book. You can succeed in trading. It has been done before by people who started from scratch, learned to trade and are making a good living at it. The best ones make fortunes. Others fail, out of ignorance or lack of discipline. If you work through this book, ignorance will not be a problem. Trading is a journey of
self-discovery. If you enjoy learning, if you are not scared of risk, If you are ready to put those extra hours to learn. A rewarding career is awaiting you at the end of the Tunnel. Let’s begin our Journey…
Print length
269 pages
Language
English
Publication date
5 June 2019
File size
269 pages
Print length
10800 KB
Word Wise
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Enhanced typesetting
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About the author
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Manoj Kr Singh
Manoj Kumar Singh is an Engineer by qualification. He has completed his BE (Electrical) from the prestigious MNNIT, Allahabad, and PGDBM from Bhartiya Vidya Bhawan’s Vadodara. He was the recipient of Kulpati award in the Post Graduation.
His family includes father Shri B.B.Singh, mother Mrs Meena Singh, wife Mamta, daughters Megha, Sonali and son Ishan. He likes to spend time with his family and believes that Positive attitude to learn, Dreams and confidence are the keys to achieve success in any field.
Apart from service, he has good experience of Entrepreneurship and trading. Like any job goer, he started his journey in trading in early 2002 as a hobby and quit trading after losing his capital. He came to know about Technical analysis of Stock trading in 2016 only and found that stock trading is a game of probability and hard work. His journey to become a consistent winner is very inspiring. He found that for becoming consistent winner, you have to acquire deep knowledge of every aspect of trading
Alvaro Casagrande
Reviewed in India on 28 January 2020
Verified Purchase
Great book, very helpful
This is a very good book and very well written. It does a great job in demystifying the jargon in a simple way to remember and then builds on it for people to actually create their own technical models. Congratulations and wish you the best.
One person found this helpful
One person found this helpful
Anuj Gupta
Reviewed in India on 28 January 2020
Verified Purchase
Great book, very helpful
Author looks a little bit biased towards Technical Analysis ( instead of fundamental Analysis ) but his clarity of thought leads to logical conclusions why it is so. After reading this book, I can easily read the charts and understand the Price Action. Chapter on Psychology and Risk management is an Eye Opener. A full chapter is devoted to the common errors of a normal trader which generally ends his trading career. I request him to come up with Hindi version of the book and provide training of the technical Analysis also.
One person found this helpful
Deshmukh Sagar
Reviewed in India on 28 January 2020
Verified Purchase
Great book, very helpful
Anyone who is trying for the first time in the share market. I would like to request them here that you must first read this book and study every technique mentioned in this book and after that you can definitely make profit in the market..
Subodh Deshpande
Reviewed in India on 28 January 2020
Verified Purchase
Great book, very helpful
If jump into share market without having any knowledge you will face losses .This book helps like Parachute.The writer explains technical aspects of charts..Every new budding stock tredar must read this book.
Anurag
Reviewed in India on 10 October 2019
Verified Purchase
Great book, very helpful
This is a great book that gives insight to the world of Share Trading. The approach is cleaner and language is very easy to understand even for a novice. Highly recommended.
Anand Khambe
Reviewed in India on 28 January 2020
Verified Purchase
Great book, very helpful
This is a very good book and very well written. It does a great job in demystifying the jargon in a simple way to remember and then builds on it for people to actually create their own technical models. Congratulations and wish you the best.
Arunava Sengupta
Reviewed in India on 28 January 2020
Verified Purchase
Great book, very helpful
This book explains nearly every concept of Trading in very easy to understand language and prepares you for the necessary steps which are required to be taken to become consistent winner. What, Why, How of Technical analysis are very well explained with its smallest nitty and gritty. Sometime Author is bold enough to pin-point the mistakes of Trader who do it consciously or unconsciously..
I Strongly recommend this book to everyone who takes trading seriously.
Diwakar Jha
Reviewed in India on 28 January 2020
Verified Purchase
Great book, very helpful
This book is having all the content one must know about money. We have always been taught to work for money, but never taught how money can work for us. This book reveals the story of other side… A must read….
One person found this helpful
Amazon Customer
Reviewed in India on 28 January 2020
Verified Purchase
Great book, very helpful
This book could be quite useful who wants to learn and invest in stock themselves. It would enable reader to understand how to analyze the key parameters of stock and pattern of stock price movement. Book written in easy to understand verbiage. Would definitely recommend to invest in buying this book.
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