Thank you very much for staying with me for 21 days.
We have created this crash course for those who are beginners in the stock market and we told you our intention in the beginning. It doesn’t matter how much money you are going to make, how much money you will earn and how much money you want to make, for me the only thing that matters is that you should not harm yourself, so today inside the crash course, inside the 21-day crash course, I have tried to give you all those things, all the understanding, all the analysis, all the strategy, which I think is important for a beginner, so as a beginner, everything that you needed to learn, you have got it inside this 21-day crash course, if you this is the last video of this crash course, if you are watching this video directly, then I would like to tell you that we had created a 21-day crash course, the link of which you will find on the button and on the end screen of this video you can go and watch the whole playlist.
You can actually be after completing this crash course.
I have taken it, I will ask you to revise it once.
You can watch all the videos once again even if you watch them at 2X speed and if something is left, you have to make some notes, then this time you can make it because the information and knowledge you have will not be useful to you throughout your life.
So today our video is the last video of this series but it is the most important one.
I want to tell you that most of the people make losses, we talked about it, but your loss should not be my main aim, so today we first talk about risk management and trading psychology.
If you are going to invest, what should be your psychology and mindset, first of all it is necessary to be clear, then before investing money or trading or investing I would like to clear some things, see number one, the first thing here I have written is avoid scalping, if you are a beginner, you may be in trading, you have just started, you have also invested some initial capital, even 5, 10, 20 thousand, I will tell you to avoid scalping, now what scalping means is that in a very short time frame, within 1 minute, 2 minutes or 5 minutes you have traded and sold, see your accuracy increases on a larger time frame. I do not want you to be impatient, if you keep typing then you will become impatient and you will feel that instant profit, instant loss, so if you get used to instant then understand that when we talked about investing, we did compounding. We talked about the rule of 72, and we talked about years, so it takes time, making money is not easy in one go, whether it is investing, whether it is trading, it takes time, and it requires analysis.
Effort and patience also, Warren Buffett says that the stock market is a means of taking money from impatient people and giving money to patient people.
So what are you you can tell in the comment number one avoid scalping in the beginning when you become pro then you can do anything but if you are a beginner then let me guide you then I will tell you to avoid scalping. Rule number two now if you are thinking of investing money that now I invest, I invest money to trade, so I have a beginner question, if you say my 20 ₹ 25000 becomes zero then how much are you ready to lose.
Even if it happens, it will not make any difference to me, this is important, everybody has different risk-taking capacity, we are talking about risk management, now I am here, I can say I can take a loss of 50 lakhs, I can take 1.5 crores, maybe I cannot take yours, maybe a person says I can take a loss of 10 crores, brother I cannot, everybody has different risk-taking capacity, a person says if 10000 makes a difference to me, so initially you have to decide how much money goes out of your pocket, even if it becomes zero, it does not matter to you, so you should invest that much capital initially and give another good analysis of it. How much money do you want to earn every month from the stock market now you can say whatever you want you can say that I want ₹ 10000 so I would like to tell you that in the beginning you have to expect only 5% of your monthly capital if you make 10% then very good but your expectation should be that if you make 5% of your capital then 5% of 200000 is ₹ 10000 if you want to earn 10,000 then your capital requirement will be ₹ 200000 which is ideal you can earn ₹ 10000 even by investing one lakh it is not that it is impossible in a month but the expectation has increased a lot 10% capital you feel that you are talking about making 110000 if a person is chatting with 10 crores. He is expecting to earn one crore every month and even 5000000 is a lot for him, someone is talking about spending 100 crores, how much he must be thinking about earning ₹ 100000000 in 1 month, you have to think accordingly.
Trust me, if we reduce our expectations then we also reduce our risk many times and reducing the risk is important.
So according to me 5% is a good expectation.