FOLLOW THIS TO BECOME A FULL TIME TRADER (PART 1)

1. DEVELOP ART OF VISUALIZATION AND SELF IMPROVEMENT

2. Visualize your method.
a. How you enter.
b. How you exit.
c. How you position size.
d. How you trail.
3. Visualise Behaviour - Moving Up
a. How would you react
b. Control emotions
c. Ask your mind to ride trends
4. Visualise Behaviour - Moving Down
a. Stop losing control
b. Stop looking at M2M
c. Stop exiting Prematurely
5. Practice mental fortitude by practicing Visualisation and meditating on your method.
6. Only those traders who can make a living out of the market or can become a successful
trader are those who learn to capture the entire trend of the market. Otherwise you will
exit the position mid-way without much profit.
7. IMPORTANCE OF REST:
a. Rest for 7-8 hours of a day.
b. Resting is important because it impacts your decision making processes, thought
process and your ability to focus.
c. Learn to manage your mood and do what is logical.
8. WATCH WHAT YOU EAT
a. Don’t eat junk food. No matter what. Period.
9. EXERCISE REGULARLY - benefits
a. Self-belief: increase self-confidence.
b. Positive attitude: towards life in general and market in particular.
c. Decision Making: Feeling being in control. More confidence.
d. Brain function: no brain fog.
e. Mastery: Better Learning and Decision Making.
10.WORK LIFE BALANCE
a. Work: Defined work hours; research time; daily review; getting up early, spending
ME time.
b. Life: Adequate time; being social; no work discussion; hobbies; recreation.
c. Balance: At least 12 hrs of Tab on screen-time. Prioritize tasks; build habits; plan
your day.
d. Weekend: No US futures, No SGX futures, say no to twitter, say no to groups, just
study charts.
11.PEAK PERFORMANCE IN TRADING:
a. Self help: always improve as a person and a trader.
 b. Work life balance: because it lowers your stress levels; you will better have a
family life.
c. Mental conditioning: remove all sorts of distraction and only focus on only what
you want to do in the market next.
d. Fitness:
e. Diet:
12.Daily routine as a trader:
a. 4-6: Meditation, visualization, exercise, deep breathing, being thankful,
affirmations.
b. 6-8: to-do list, chart review, no futures, no overthinking, no news, no social
media.
c. 9:15-3:30: reactive mindset, get-up every hour, remain hydrated, first meal, last
meal.
d. 5:30-6:30: evening walk day review, long term only, reading.
e. Recreation: no social media, no whatsapp, now tradingview, no SGX, no news, no
twitter.
13.Success in stock market: mental health + physical health.

HOW MUCH CAPITAL IS REQUIRED FOR FULL TIME TRADING (PART 2)

1. TRADING CAPITAL SHOULD BE DIVIDED INTO:
a. Planning for emergency fund: post taxation, expenses & contribution to
investment funds, some portion of trading returns should go to emergency fund.
b. Meeting bills and expenses: trading capital returns should be used to offset bills &
expenses.
c. Contributing back to investments: this is important. As your investment corpus
grows and performs, your ability to offset bills and expenses through dividends
will increase exponentially. Do not underestimate this.
2. EXPENDITURE:
a. Get good health insurance for you and your dependents. Get good life insurance
as well.
b. Avoid EMIs and Loans.
c. Travel, recreational, festivities, unplanned expenditure etc.
3. EMERGENCY FUND:
a. 24-36 months expenditure: always have 24-36 months expenditure money ready.
This will help you focus better on trading & investment. This is different from your
trading capital.
b. Where to park this money: don’t bring this money to the market. This should be
in FD/RD/High Yielding Deposits. Never risk this amount. This money will bail you
out in an emergency.
c. Main uses: helps you deal with unpredictability of life. Also keeps your
psychological health in check (peace of mind.)
 4. HOW MUCH CAPITAL:
a. Trading capital is a function of expenditure, savings, setting up emergency fund
and investing for the long term. The First 3 years are difficult. But things get easier
with time. There is no universal number to work with. For each person, this will
differ.
5. Return expectation: you need to operate with a realistic rate of return. A good trader
should make [25 %] CAGR. It takes time & skill to reach this mark. There is no shortcut
to this. Don’t get fooled by false assurances. Current market cycle is illusionary and a
20-25% return is quite difficult.
6. For trading in options, your risk management strategy should be of the highest
pedigree.
7. Psychological points:
a. Lower your expenditure: this is the biggest hurdle in becoming a full-time trader
and investor. The lower your expenditure, the easier it will become.
b. Hope for best, plan for worst: In recent times, planning for the worst has been
extremely useful. Never believe that nothing can go wrong.
c. Keep adding to the emergency fund: add, add and then add a little more. In the
long term, investments and emergency funds will make your life a lot ore easier.

5 LIFE SKILLS TO BECOME A FULL TIME TRADER (LEARN THIS)

1. Avoid groupthink: groupthink is when you seek confirmation for your views. More
diverse opinions leads to decision paralysis and leads to indecision and at times, wrong
decisions.
a. Keep opinions to self. Yo u don't get paid for opinions. You get paid for conviction.
Avoid time on WA, Tele, FB. Waste of time and resources. Instead, read about
businesses. Read about management. Study charts.
b. In stock markets, the journey that you undertake you need to be ‘alone’ in it. If
you keep seeking confirmation for your trading and investment decisions from
others, then you will never be able to develop analytical skills in the market. In
stock markets you need to ‘own’ everything. The losses have to be your own. The
profits have to be your own. Everything that happens to you in the market, you
will have to own it.
2. Watch for your company. This is Vital.
a. FRIENDS: Stay away from friends who crib. Be with ones who thrive for success.
b. FAMILY: family members can be over-protective. Learn to draw a line.
c. COLLEAGUES: stick with those who appreciate the success of others.
d. MENTOR: genuinely humble. Who understands the power of the stock market.
3. Understanding 'Resistance’:
a. RESISTANCE KILLS DREAMS: The inner voice that ‘prevents you from doing what
you should be doing’ is what Resistance is all about.
 i. The inner voice convinces you to postpone your work and encourages
procrastination.
b. RESISTANCE IS YOUR ESCAPE: Resistance is also what you use to escape difficult
situations in life. The ones who recognize this, achieve the greatest heights in
their careers.
4. STRONG CHARACTER: full time trading will test you multiple times. Unless you have a
strong character, you just won’t survive.
a. GRIT (Inner Strength): There is no substitute for grit. Challenging times are only
meant for ones with immense grit. Keep reading and knowing about successful
people.
b. ADAPTABILITY: this is the art of being fluid in the market. Be like water, be flexible
to take any form and shape.
c. OPTIMISM (Drawdowns): without optimism and positivity, drawdowns will eat
you up. Build this skill today. Successful traders see the best in the worst of the
times, because they are highly optimistic in nature. They tend to see a silver lining
in everything.
d. EMPATHY AND GROWTH OF COMMUNITY: Enjoy success in the community. Have
more empathy and gratitude. Less than 5% of people have this skill.
5. Think like a negotiator: best way to think of risk reward.
a. Planning: looking into sectors, stocks. Analyzing strength of sectors and
underlying price trend. Looking for broader market trends.
b. Look for bargain: whether you are a full time trader or investor, look for a better
bargain. This is important as this impacts risk reward.
c. Execute: Once you have planned and you have identified an opportunity, don’t
hesitate to close the deal (buy the stock.)
6. Have a fully developed left brain and right brain.

WHY SIDE INCOME MATTERS IN (FULL TIME TRADING)

1. How to plan for side income:
a. Focus on skill development: everyone has natural inclination towards some skill in
life. Find your passion.
b. Area of interest: if you cannot determine your skills, look for areas of interest.
Dive deep in this.
c. Find the right reason + ethics: contributing to the community & focus on finding
the right audience.
d. Monetize your knowledge: once you build community, monetize your knowledge.
Be honest. Give your 100%.
2. Diversification of income is absolutely vital. Uncertainty is always around the corner.
Have a mindset of someone who wants maximum revenue.
3. Avoid having a defeatist mindset.
4. Find out multiple passive sources of incomes.
FULL TIME TRADER (How I Became TRADER & INVESTOR)
1. Failing is fine. What you do after that is what matters.
2. The more you fail while trying, the better you get in future.
3. Failure is the bedrock of most success stories. Don’t ever regret failing in life.
4. Tracking limited stocks always helps in the long run. Every stock is unique.
5. Read, watch & learn as much as you can. No matter which stage you reach, getting
better never ends.
6. Keep an open mind. Learn from the experiences of others. This will help a lot in your
progress.
7. Book: Technical Analysis of Stock Trends - Edwards, Magee, Bassetti.
8. Book: Technical Analysis for Financial Markets - John Murphy.
9. Book: Reminiscences of a stock operator - Edwin Lefevre.
10.Book: Japanese Candlestick Charting Techniques - Steve Nison.
11.Start with web based technical analysis platforms. Then think about softwares.
12.Book: The Visual Investor - John Murphy.
13.Book: The Power of Now - Eckhart Tolle
14.Start with equities first. As you gain experience, move to F&O.
15.Book: The 7 habits of highly effective people - Stephen Covey.
16.Not working hard is the single biggest reason why most traders fail in the market. Stay
focussed & work hard.
17.Stock market requires focus, self belief & dedication. Very few understand this.
18.Those who laugh at others don’t have the courage to dream. Ignore them.
19.Public shaming is very common. Don’t be afraid of this. You are the only one who
matters in the end.
20.As you read, you mature as a person and as a trader and investor. Reading is one habit
you must develop.
21.Listen to what your elders have to say. They have a world of wisdom within them. Helps
a lot.
22.Trend is the ultimate truth in markets. Learn to respect the trend. Always trade in the
direction of trend.
23.Book: Trend Following - Micheal Covel.
24.Helpful indicators: MACD, RSI, Moving Averages. Price action strategy is good.
25.Book: Technical Analysis: Using multiple timeframes - Brain Shannon.
26. Start with higher timeframe trading & investing. This is very important when you begin.
27.Book: RSI: The Complete Guide - John Hayden.
28.Book: Atomic Habits - James Clear
29.[Book: How to profit in bear and bull markets - Stan Weinstein.]
30.Book: Intermarket Technical Analysis - John Murphy.
31.Broader market trends and index trends can be different. Always track broader market
trends.
32.Book: Trade your way to financial freedom - Van K. Tharp.
33.Book: Jesse Livermoore - world's greatest stock trader - Richard Smitten.
34.When you start getting uneasy in markets, start reducing your position size.
35.Also, get good at fundamental analysis.
36.Book: Security Analysis - Benjamin Graham, David Dodd.
37.Common sense trumps intelligence in the long run. Trust what you think.
38.To get better at something, you will have to sacrifice many things. But in the end, it's
totally worth it.
39.[Moving Averages, RSI, MACD, Price & Volume still work very well. You just have to
know when to use these.]
40.Try and see what works for you. Be open to the opinion of others but explore things on
your own.
41.Becoming a trader and investor is a process. No one can escape this and it does take
time.
42.Book: Trading psychology 2.0 - Brett Steenbarger.
43.Always set high goals for yourself. Once you do, slowly and steadily then work towards
that goal.
44.Accept how you are made. Learn about your strengths and weaknesses and then work
on it.
45.[Book: Get out of your head: stopping the spiral of toxic thoughts: Jennine Allen.]
46.Reading helps you think better. Also stimulates your mind to innovate new trading
methods.
47.Book: Encyclopedia of chart patterns - Thomas Bulkowski.
48.[Book: How to day Trade for a living - Andrew Aziz.]
49.If you get good at higher time frame trading, your lower time frame trading will
improve.
50.Book: Markets in Profile: Profiting from auction process - James Dalton, Robert Dalton,
Eric Jones.
51.Price volume analysis can never stop working. This is the core of trading.
52.Book: A complete guide to volume price analysis - Anna Couling.
53.Believe in your dreams. Trust your vision. Work towards it and be prepared to struggle.
54.Book: How to make money in stocks - William O’Neil
55.Market teaches you lessons. Document all those lessons and read these regularly.
56.Book: The little book of common sense of investing - John Bogle.
57.Your attitude matters a lot. Be positive, be open to learning. Once you get better, be
aggressive.
58.Book: Value Investing and Behavioral Finance - Parag Parikh.
59.Learn to lose. This is an art and takes time. The best loser in the stock market becomes
the best winner.
60.Book: Think and Trade like a champion - Mark Minervani.
61.Book: Trade like a stock market wizard - Mark Minervani.
62.[Book: New Market Wizards - Jack Schwager.]
63.Both technicals and fundamentals work. Try and learn both gradually will definitely
help.
64.Book: Market mind games - Denise Shull.
65.Book: The art of community - Charles Vogl.
66.Book: The five rules for successful stock investing - Pat Dorsey.
67.Book: How to grow - Darryl Dash.
68.Book: The new trading for a living - Alexander Elder.