Hello Everyone My name is Anish Singh Thakur and I had 2 options: Either I could go and cut my hair, set my beard or sit down and make this video now. I chose to make this video because I thought making this video is very important In my channel yesterday-
I'll show you here This is my channel Booming Bulls in which you're watching the video now We are at 602 subscribers, thank you so much for making us attain 6 lakhs. I uploaded a community post- I'm interested in__ 58% people voted on beginners’ step-by-step series 42% voted on trading strategies only. So obviously you know what I'm going to make But not it's not like that I'm making both Alright? For all the people who subscribed to my channel Who consider themselves to be an expert trader- that 6% of people And those who consider themselves to be intermediate traders- I also consider myself to be an intermediate trader I'll call myself an expert after 3 years And there are a lot of beginner traders. So for all these people, both the series are bringing to you So let's start the series. In which-
As this series continue, it will go parallelly with strategies Intraday, swing, crypto, forex, everything.
Psychology everything And for the people who are beginners, come on let's start. How to start trading ? OK.
So first of all, to start trading, the number one point is the mindset. Mindset means to prepare your mind, that I am going to start trading So, first of all, you need to stay away from some stuff. You have to make yourself understand that you're not here to gamble, I am not here for quick profit, because no profit is possible. I can't make a regular income by just trading. I will get irregular income from trading. What? I used to think the opposite But no, the truth is trading can only give you irregular income, when you are a beginner to an intermediate as well. Only professionals can make an income that is very regular. So what I meant to tell you is that you can't leave your job
or studies or business and come to trade. When you are starting, you are watching this video, you have to understand that
I have to learn it part-time along with that. And after learning for 1 or 2-3 yrs,
you can think of making it a regular source of income So it is very clear to you. You can't come here for gambling, quick profits and regular income. If you have set your mind, then OK. I am learning a skill like singing, becoming a DJ, or a dancer or anything professional. When you go for any kind of business, to learn that skill, even when you go for job,
There is a training period first So what is the training process during the training period? What is the mindset? His mindset would be to do what?
To get trained, to learn the process But what happens here? There is a tricky point in trading Look, everywhere you'll get salary by the end of the month or week. Here, you'll know by the end of the day what you earned and lost Here, influence of money is a lot. So as a beginner, the first mindset you need to have is that you are a trainee . And when you come to learn, you need to focus on the process
and not on the money. That is the biggest problem even expert traders face some of the time. They get too much influenced by the money. They see Rs. 2 lakh and not that they would need to take a lot of risks or that the time has come to cut my trade. They hold on to their wrong trades too Like recently, a great fall occurred on the market on Monday Many people who take swing trade usually, they don't place stoploss. So when the market falls this much, they start holding it So swing traders become investors We shouldn't do such mistakes. The most important thing now you need to understand that you are here as a trainee. A trainee's focus should be on process, on learning the skill and not on the money But the problem is that because of money, all beginners get influenced. Like "let's earn Rs 1000 for today man, let's do this. We may have to break some rules but today, I'll earn" and that's where the problem is. So I have told you, mindset should be of a trainee,
not of someone who is here to make money. In the start only. So first point guys, I have covered to you The first step to start trading is mindset. When the mindset is ready, let's move on to the next point. Now the second point. In order to execute training, you need to have a Demat account. What is a Demat account? You have heard of the company Kotak Mahindra Securities, ICICI Securities, SBI securities are also there, Motilal Oswal Zerodha, Upstox, Angel Broking, and n numbers of brokers are there. So there are 2 kinds of brokers- one is discount brokers,
the other one is full service brokers. For beginners, I don't suggest you to go with full service brokers
because they charge quite a lot. It means that they'll take some percentage from your transaction, around 10x more. Zerodha and Upstox- I use these two and I promote these 2 and I prefer these 2. Where Zerodha charges Rs20, Kotak charged me with Rs 200 So I suggest you to open an account in Zerodha directly. I'll show you This is how a Zerodha interface looks like There is only watchlist here
Look here- HCLTECH By the way, I'll give you my watchlist and you'll work on that watchlist. You can come here and make your own watchlist. If you type Reliance here, then Reliance will show up You'll get a box here to buy or sell directly. It'll tell you if you want to buy, then for buying long-term to hold then it'll take Rs 2300 depending on the share. If you do intraday trading, then just Rs 500. Zerodha gives you 5x leverage. And currently all brokers give almost the same, SEBI brought a rule to remove leverage. So now it doesn't matter at all.
Earlier it used to matter, when you buy using other expensive brokers, you get more leverage around 50x. Now everyone gives around the same- just 5x, they can't give beyond that. So intraday trading and long term trading covered. I'll cover this
After this So what did you understand? This is Zerodha, here you can come and add your funds. Here you can come and see your holdings, how much you held, how much long-term you shared, your order booked, what all trade you did, today I didn't trade at all, so you'll find my order book and position book empty. Because, I made good profit yesterday, around Rs 5.50 lakh. So whenever I make profit alright, I don't trade for 2-3 days In fact, when I make loss also, I don't trade. That was a definite point, OK. So you have to open a broker account. You'll get a link in the description box to open Zerodha account. In fact, you'll get for Upstox also. You have to open your account there And send your ID no. to
[email protected] Why? I'll provide a lot of future services where I'll give you heavy discounts, or provide you with some things for free. So make sure, if you open your account through my link, then mail your id to
[email protected] Alright guys, so we started. And yes, look at this link I made a video in this on how to use Zerodha account. I have made a video on this, so you can watch that too. OK? So done. Now, let's come to the third point. Now we have opened our Demat account and made the mindset. Now we need to decide to trade on what Buy which trade? To sell which trade? That is called making watchlist. Come to my laptop, I made this watchlist for you Do you see this watchlist? This is Good Volume Stocks, it's written Nifty, Bank Nifty, Axis Bank, Bajaj Finance, BPCL, HDFC Bank, ICICI bank, Tata Motors, Reliance, SBI, TATA Steel, TCS, Titan, Zeel, Tech Mahindra, Ultra Tech Cement, Bharti Airtel, ..., JSWS Steel, Indigo. I covered all the sectors for you And all these are good volume stocks You can't trade beyond this This is your universe, you made this watchlist. Where did you make this watchlist? Do you see this tradingview.com? This is a link, here you'll get all the information on tradinview.com By clicking this, watch the video if you want to learn what is trading view. So you'll come into trading view and make your watchlist and you'll be able to open charts. OK?
So this is my watchlist giving to you. And yes, in this there are around 10-12 stocks, you will choose only 5 from these. One from bank, one from IT company, one from steel company, one-
One from auto company. Like this you'll make a watchlist on all five It's your universe
You'll do homework on these. You'll focus on the main five things, it's not possible beyond that. So the second thing was to make a watchlist You made your watchlist. Now, the fourth point is funding. Money. If you want to fund your account, then how much should you fund? Nah Nah Nah, you just need to open your account, no need to fund any amount. Now, you need to do paper trading. Now what is paper trading? This is a link in which I made a great video on paper trading. Please watch.
But I'll tell you once again. Paper trading means you don't need to place real money, You have to apply real strategies, which I am about to tell you, in live charts. Look, one is back testing, you need to do that, to check. One is forward testing, when something is happening in real-time on market, then you
whether your strategy works or not? Am I just fluking? To know this, you need to do forward testing. So from 1 to 3 months, you'll not spend even 1rs You'll do paper trading, you just- If you think SBI will go up, then you buy SBI Like when I write in copy that I bought SBI of Rs5000 . And I'll exit here 2 pm, I bought them at 9 am, 9:30 am
So yes, I earned this much money You'll make a calculation
For that, there is even a software. Therefore, I told you to go directly to this website, to this link It'll give you all information on paper trading. And yes, you won't learn one thing from paper trading, psychology. But no problem, we'll learn psychology 1-3 months later. But obviously, instead of wasting our money, let's do paper trading first. So I hope you understood the 4th step, what is paper trading. Now the 5th step. 5th step is the actual funding of the account Now I have to do actual funding to my account I have to put money to my account. So if we are about to do intraday trading, Then put only Rs 10000- Rs 25000 at start, not above that. If we are doing swing trading, then we'll put only Rs 1.5lakh- Rs 5 lakh, not above that.
OK? Now you'll say, what's the difference between intraday and swing? What is intraday? In intraday, you start trading in the morning by 9:30 AM, and cut your positions somehow by 3pm, even if it is profit or loss. You don't think at all that it's a loss here,
so I'll hold it till tomorrow And if tomorrow more loss happens? No. You decided that you are cutting the trade here today. So you cut this and that is called intraday trading. There is a benefit in this, people with small capital, with Rs 25000, your broker will give you 5x leverage,
consider this as an exchange. So Rs25000 will automatically become Rs1,25000. Yes, by this you profit and loss will be 5x So I'll tell you how to do intraday in the coming videos. So you understand what is intraday trading. Now there is something called swing trading. Swing trading, positional trading, in which positions are help for longer than a single day For 2 days, 4 days, 7 days, 10 days, 1 month, that is called swing trading. There are 2 kinds of trading and this uses a lot of capital. In this, we need to trade on a thing named Futures. You must have heard of Futures and Options trading, we'll talk about it at the end of this video. Ok. Now, the next point would be strategy, which is important of all. Now, which strategy will we use? We will use our favorite intraday VWAP strategy, in this video, I have 2 Million views guys.
You see this video. Why does this video have 2 million views? Because it's the most successful strategy of all
If you click- Whatever video I have told you, right-click on those, and leave them on a new tab, Pause and continue watching this video After this go and watch those videos. After this, you have to watch this VWAP strategy, After watching this, you have to do paper trading, , and make your own concept, your own records, prepare yourself that before trying on real money, you try on this fake money. I'll tell you what is the difference between real and fake money. So you need to work on this strategy, and that's it. And as soon as this video gets 10000 likes, I'll give you one more new strategy, OK? If you need a new strategy, then make sure to pause this video now and like so that it will reach more people, so that my meaning of making this series- I want to reach 1M subscribers fast. Not too fast, I want to reach there in the right way by adding values, so I may add those values. Alright guys, I have told you to watch the strategy but come to the laptop, I'll show you. It looks kind of kike this, my strategy which I'm giving to you, Like, if you see here, I have placed an indicator named Pivot Below, there is a Stochastic RSI And a line named VWAP Whenever price breaks a pivot and VWAP like this but it should break after 10:45 So after 10:45, we can see that we are already below. And somewhere here, the stock has stopped You can come here and drag one line from here, drop on here When this line breaks, we need to short. Now beginners would ask what is called shorting? There are two type of trade guys- long and short. Buy for long, short for sell. It means to sell without buying. Yes, maximum people in the market don't know, we can earn money even in losing stocks I made this video on short selling Please watch this video, you'll know what is short selling. So you'll know what is short-selling After that, if you come and watch this then you can see that we had to short here When we short here, then our second indicator is giving us sell. You'll get to learn this strategy in detail So here, we'll make a short trade. We'll short here, we'll keep our stoploss at our previous high and we'll try to make a trade around 1:1.5 or 1:2 What is 1:2? If we face a loss of Rs 100, then we'll earn Rs 200.
Do you see 1:2? This strategy will give you 1:2 or 1:1.5 So like this, you need to learn this strategy. Maybe beginners might feel it complicated,
but it's not that complicated. 2M views must be out of some reason. I have explained it very well. Please go and look at the strategy So we have chosen our strategy. First paper trading, later real money. Alright guys, so next point. What is the next main point? The next point is risk management. What is this? It isn't enough to just place strategies Most important is learning to manage the risk What is risk management? Look we have a tool called stoploss. Stoploss is an automatic order which I decide If I bought a share for Rs 100, and if this share starts falling below Rs 95, then bro remove me automatically So that I don't have to come and press the button to sell It'll automatically cut me off, it is called stoploss order. So you'll use this tool, stoploss And I'll make a video for you on how to use stoploss Or I have told you how to place stoploss in that VWAP strategy video So you'll get it there also. So first risk management tool is stoploss. The second tool is Risk Per-trade. . It means the risk I am ready to take in a trade. If my account has Rs 1 lakh risk, can I take a risk of Rs 20000? Or of Rs 1000? Or Rs 2000? Or Rs 5000? So it is something which we have to define ourselves. If we read books, it's written not to spend more than 1%, but that is for people having million-dollars account or 100 dollars, that is Rs7000000- Rs8000000, having 1 crore From your small account, Rs 1 lakh, Rs 50000, Rs 10000, Rs 2 lakh, Rs 5 lakh So our risk depends on each individual 2% to 5% For 2%-5%, you yourself can decide if my account size is Rs 25000. Then I don't want to lose more than Rs 1000- That is 4% I don't want to lose more than 4%. So 1% of Rs 25000 is Rs 250 multiplied by 4 Rs 1000. So I won't make a loss more than 4%. So how is it possible? It is possible. If you took 100 share of Rs 100, OK? Let's say you have Rs 10 stoploss Let's say you took some share of any amount Rs10 stoploss is coming So you will do 10x100 so it is Rs1000 So you won't buy more than 100 shares. If you buy 200 shares, then you'll have Rs2000 loss, its stoploss is Rs 10. So multiply stoploss with quantity Quantity means the number of shares Like this- OK if you found it difficult then I have made this video on risk management, its a defined video Please watch this video, otherwise, I have told you, made you understand, Never make a loss from your account more than 2% to 5% Otherwise, you won't be able to work long-term. And habit is the most important of all, so work on your habit. It's very important.
So that is risk management. Now the next main keyword, the main topic
That is psychology Psychology means our way of thinking When something happens to us let it be good or bad, was it good or bad for us? How do we define that?
That is told to you by your psychology You need to have a winning psychology, not a losing psychology Not a loser psychology
What is a loser psychology? Loser psychology is "I'll earn in all the trades" This is not possible. If you make your psychology positive, look brother I came to trade and not to my father's casino where I'll earn every time I play, It's not like that, it won't happen that way hen you trade, there are always unknown factors that may come
and damage your trade Your trade might damage So never be too confident on any trade that you put all your money on that It'll be either a big profit or big loss. You shouldn't do it like that. I told you step number one mindset, , it's not gambling it's trading, it’s a professional thing So you have to create a psychology that not all the trades that I am taking will be winners. So there will be some losses for sure So whenever a loss happens, I'll consider it as a part of the process part of the game, That is my cost of doing business. Like if I open a store, then I have to pay electricity bills, I have to give salary to my employee, I need to buy raw materials. Whichever office I open, I have to pay the electricity bill, give rent, pay my employees. I can't say to the electricity board that I won't pay the bill, they'll cut the electricity I can't tell the internet guys that I won't pay the Reliance Jio bill, the internet will close So that's the thing, whenever a loss occurs, you should have the psychology that it is part of the process I'm considering it as an expense because a business's turnover is not equal to profit. Turnover - expense = profit But in trading, people think profit is profit. No, the profit is turnover Loss is expense What's left is profit People don't know that
So this is the psychology you need to adapt guys. Whenever you face a loss, never be sad due to fear Just keep doing it by understanding that this was the expense What's left is profit. Like this, you have to make your profitability So I hope I gave you the whole journey from mindset to psychology From start to this Now there are a lot of things in between which I'll make a video on in future When this video gets 10000 like, the beginner series will continue. Even if it doesn't, I'll keep making But if you help me to reach 1 million then I'll also help you Let it be a two-way process right? Now, a bonus part for all of you One of the things that the beginners might have heard a lot is Options trading Futures and Options trading. What is it? Futures trading and Options trading is a word. Futures trading take quite a lot of money, around Rs 1.5 lakh- Rs 2 lakh for 1 lot average. So, Rs 1.5 lakh- Rs 2 lakh, what happens in that is In that also- actually earlier with used to say that we might face a great loss because we get more margin in that But now margin has reduced even in that. So Futures trading is not that risky now. But Options trading- Where it takes Rs 15 lakh to buy options, option comes in Rs 5000-Rs 6000 out of the money What is option? It is a way of trading You might have heard of this name- Nifty and Bank Nifty trading is not normally possible. It is possible only through Option or Futures So people don't have much money, the retailers So they don't do Futures, they do Options They get one lot for Rs 10000, Rs 5000, Rs 6000 in Nifty, for Rs 15000. So out of greed, what do people do? They instantly trade in Options mostly due to other people's tip Which they get calls, add you to telegram and taunt you Like hearing bad words? Not you but if you like hearing bad words If you can hear bad words, then I made a video on such things which happens wrong in the market Do hear it, but with earphones as I have used some bad words. So you must understand my real frustration It happened to me also therefore I made this video. So Options trading will make you sink, why? Because Option trading is an expert level thing of all If you have to do something, how do you start it? Beginner, intermediate, advanced It takes time, right? So option trading guys, can only be done by someone who buys and sells options for 3-4yrears in the market They need some experience If you watch this kind of video, how to start trading Then definitely options trading is not for you So you need to stay away from this Though I'll make a 3rd or 4th video on what is options trading for you Okay, I have already made it If some of you want to .... Then look, this is my whole series. You'll click on this video, you'll get a whole series on what is options and futures You watch it
Otherwise, I'm going to make it once again with a beginner point of view So guys, I hope I told you to keep away from what If you want to make a career to of Futures and Option trading- If you want to gamble, then do Options trading first Buy Nifty and Bank nifty’s put When you don't know If you go up, buy put
If you go down, buy call If it was this simple, then anyone could do it. But it’s not that simple. So that is the most important thing that I told you guys. Now I hope all my new subscribers- in fact, I used to meet people when I travel in flight, go here and there So people used to ask me from where to learn, I say come to my channel. In my channel, I have uploaded a video for the first time, how to start trading. On how to start trading I wish you people liked it and I have a request to you guys To share this video with all your friends and family, to those who want to start trading Because I gave all the information on how to risk management, psychology also. Alright guys If you have good comments, then I'll feel good Please tell me throughout the comments how you felt, what more do you expect from me. If you comment these on this video, then you- I mean I'll feel very good If you are new to the channel, then do subscribe It is one of the fastest growing channel, not just for stock market but for cryptocurrency and forex also, and a lot of divestment opportunities as well
Alright? OK guys thank you so much, OK guys thank you so much, and you'll get to see a lot of things in this channel Subscribers who are linked to this channel before, please comment how you liked the video So that the beginners could know And these who need strategies, on the way Everything is on the way So this is the new era of, you can say Booming Bulls channel We have started the 1M journey which we are going to earn in the coming 6 months By June-July, we have to hit our 1M target. For that you'll help me So start sharing this video as much as possible Thank you so much guys I'll see you soon in some next video Bubye.