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Life is inherently risky. There is only one big risk you should avoid at all costs, and that is the risk of doing nothing.

Denis Waitley

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Do you really want to follow the garbage in this world? If not, then be prepared for the First-Rate Version of yourself. 

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DAY-TRADING TIPS

Day Trading is basically an act of buying and selling a financial instrument either once or multiple times within the same day in order to take advantage of small price moves. 

But it is not a safe place for new traders who might take it as a gamble and end up in regrettably loss, that happened to many. It's like first time drinking a full bottle of alcohol, which fell to shameful incident and regrettable in the morning. I don't drink but point is use little fund to trade if you are new to day trading. So here are top five tips that day traders must be aware of:

1) Make your time!

When you day trade, don't find the time which you'll have a leisure time. It requires most of your time in a day. What makes me to spend much time for day trade? You will need to track the market and find the opportunities which can happen anytime during trading hours. The key to success in this type is moving fast.

2) Small Capital!

As I've mentioned how unsafe day trade is for new traders, it's wise to start with small capital and focus on only one stock during a day, otherwise two is acceptable. The fewer the stocks are, the easier in finding the opportunities for such stocks.

3) Time Those Trades!

When the market opens, many orders placed begin to execute. It's because of high movement in those times. So Time Those Trades. But for newbie, it's wise to just read the market without placing any order for the first 15 minutes. The least move or risk belongs to the middle hours, but comes back to high volatility during closing hours. Again, advisable not to place the order but watch those times.

4) Be Cool!

Often time, many hungry traders are greedy as they kill for the profits, but greed can never help them to make profit in summary. It's true that stock markets are testing your nerves. Therefore, you need to set aside the hunger greed, fear, and also hope. It should be done by logic and analysis, emotion does not help at all.

5) Say no to profits!

No doubt profit is needed, but if you're thinking about profits all the time, it's not helping. If you look at the heart, it would come from either greed or hope, and it can make you fear as well. The truth is, there is not even single person who makes profit all the time. In fact, good traders managed to make 60-70% profits over 30-40% loss. That means, there is loss but number of profits should be greater than the number of losses. If it's opposite, then reconsider your strategy.

 “Plan your trades, then trade your plan.”

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Picking up stocks for intra-day trading? Follow these rules.

You may find several good stocks to trade in, but you are not sure which ones are good for intra-day trading. It’s important to know the reasons why you choose specific stocks before you trust your money into wrong place.

1) You need to find stocks which have big volumes. 

Good liquidity is very much required for intra-day trading because larger quantities can be purchased and sold without affecting the price significantly. The larger volume you trade in, the more easier you get out of the trade.

2) You need to find stocks which has roller-coaster in volatility. 

Day traders desire to get more profit in a day. But it only occurs when there is huge bumping in the stocks. High movements, either in terms of percentage or in dollar terms or your currency terms, can land land you to have handsome returns but no doubt in a very risky manner. 

3) You need to find stocks which has group followers:

I’m not talking about people here but an index or a sector. There should be stocks which are highly correlated with the group ones. In easier sense, stock price follows the trend or movement of stock or index. This is very important since many traders, even many stocks follow the central picture of the market, i.e. Index. 

These three main points alone are the thumb rule to successful intra-day traders but it does not help when you have poor strategies. I’ll speak out the good strategies for intra-day trading real soon. Till then, I leave you to have a sweet and profitable trading time!

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How to stay safe in world of Crypto

This question is in every minds of cryptocurrency holders. The news about hack has scared many. Especially the latest news about Israel’s Bancor which lose $23.5M. But they froze the accounts and are in investigation to find the thief.

Since many people learn about Crypto these days, the chances of scams are getting high. 

There are three terms that I want you to be well aware of:

Your public key [your login ID]

Your private key [your login password]

Your address [your email address]

What one thing that enables hackers to access your funds is PRIVATE KEY. Never ever share about it to others. Not even QR code in public area. Unfortunately, it’s not that easy as it sounds. Here is how.

KILL THIS “CONVENIENCE”

Using wallet in cryptocurrency exchange has lots of good features. The top of it is that with wallet, you’ll be able to buy and sell cryptocurrency at ease. But there is a problem. If you’re using the exchange as a primary storage, it isn’t looking good. Doing this represents that you’re trusting the exchange to store your main private key, like giving your heart to it. With this, you prefer convenience over safety. 

Why? What are the risks involved in storing the key in a exchange wallet?

There are two. First one already explained that you’re not in control of your private key. Second one is that your private key is stored in online which expose huge risk for hacking, you may lose all funds when hacker got your private key. Now you’re convinced to start packing and move to offline wallet. Good.

COLD (offline) WALLET

The reason for calling cold as offline wallet is because you’re storing the key in the freezer which is the private area. Otherwise, hot (online) is when you keep it in a public area at home and let guests see it, else Sun consumed it. 

There are two safest ways to store in Cold Wallet, and these are explained below:

PAPER WALLET:

As the name implies, it’s a printable form where private and public keys are stored on the paper. You may need to have copies, but not advisable for many copies. You know how risk is if someone can found when you store a lot of copies, either in one or many hiding spots. But if you printed one paper, and lost it. There is absolutely no way to get it back. All your funds are lost forever. It’s like your only private key just fell from the cliff and lost. It’s advisable to print few but stored in safe locations.

HARDWARE WALLET:

It’s a popular form of wallet where the private keys are stored in hardware device. If you are planning to buy large amounts of crypto-currencies, then you must buy hardware wallet which is very secure. In fact, no report of any data stolen from this device. But what is that device? It’s a small device which connect to your PC with the help of USB. In sense, it’s more like hard-disk drive or pen-drive. In case if that wallet device is stolen or lost, you can recover your funds through a special code that you have received when setting up an wallet device. It’s more flexibility and more secured. 

The popular hardware wallets are Ledger Nano, Trezor, and KeepKey. The main drawback for this hardware wallets is that it’s expensive. It may costs ranging between $60 to $120.

That’s not all. There are few another, yet popular risk that is involved when dealing with private key. That is.

PHISHING

You may receive e-mails which is appearing to be from a legitimate source like crypto wallet or even bank. They will demand your personal details. 

Sadly, they are a scammer or not from trustworthy source, and when you mailed your personal details, it will go directly to your enemy [hacker]. 

$225 million worth of Ethereum has been stolen in 2017 just because of phishing scams.

HOW TO AVOID IT?

If you receive an email that does not look official, or even unofficial e-mail which can be very tricky to find out, they are doing phishing. 

FYI - NEVER PROVIDE YOUR PERSONAL CRYPTO DETAILS WHEN ASKED IN AN E-MAIL

And lastly, 

TROJAN HORSES VIRUSES

This kind of viruses are the most dangerous one, as it is malicious programs that seemingly bundled downloaded file like a movie. You will not find out easily. 

CryptoShuffler replaced Bitcoin Wallet IDs in PC Clipboards. Research it.

HOW TO PREVENT THIS FROM COMING?

Good Antivirus software is needed to install in every personal computer you use. Turn ON the reliable firewall and ON the auto scanning which secure your PC whenever Trojan enters. This might reduce the chances of hackers and Trojan horses viruses in your PC. 

That’s all to know the vital ways about how to stay safe in the world of Crypto. If you heeds or get action to secure your account, then you’ll be able to sleep soundly in mind that it is in safe hands.

Happy Trading or Investing peeps. 

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Why we don’t succeed?

In other words, why we fail?

Maybe you’re trader, businessman, entrepreneur, teacher, sportsman, artist or even father. We all have heard that 90-10 thing. Majority lose, few win.

But I’m against those who insult 90% people. See, in order to reach top 10%, you were at 90% man. No doubt, some who gave up failed to reach top 10%. I’ll tell you why.

The former British Prime Minister Winston Churchill once spoke about journey of success and I quote his words:

“Success is going from failure to failure without losing enthusiasm.”

When I heard this very last word, I started hitting myself why did I work on non-passionate things, in other words, why I always work on failure stuffs when I have no interest to work anymore. I always do which is not real interest to me for the fear of unemployment, for the sake of salary, for the fear of hurting, for the sake of loser. 

No doubt I started with huge interest, but does not exist in the end. No doubt I have passion to become this-and-that position but stopped in between.

The major reason we can’t reach the destination is that we hate LONG PROCESS so bad that we can’t survive anymore. When I checked my x-ray, I found out that I have been burning out my enthusiasm to the end and started to force myself to work on non-passionate things. Makes sense.

The secret to keep the enthusiasm alive is when you have enough oil to spark the fire. Wait, oil and fire? 

Enthusiasm is the fire, and the magical encouragement is the oil.

Suppose there is mud lamp, imagine the ocean of encouragement (oil) is shouting all the way to spark the fire (enthusiasm). Fire desperately needs oil, not vice-versa. 

The truth about human being is that they need each other. Today, people started to focus on self which I proved is full of worthless life. No doubt, made enough money but made huge loss towards others. 

I need some corrections but I don’t see myself if I need any correction, it’s my habit that blinded me. But you can see my habit, you know it’s good or bad. You need to encourage me to make my life better. But in today’s generation, worst outweigh good. Thus, good vibes are needed around you.

“For bad company corrupts good character.”

Now go and meet the right, probably experienced ones. Ask them for the improvement, surely flood of answers will spark your fire back. Come back to make the decision for your aim, your trading, business, work as an entrepreneur, teacher, sportsman, artist, or your interest. Get the enthusiasm enough and keep it alive. That’s your job!

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This is funny at first, but when I kept looking at it, it tells everything about us. Honestly, I really hate this. I see me. Often time, we allow dirty things to pollute our minds that spark up our anger and hate with hopelessness and pride. How can we get rid of this tasteless fruits? 

There are very rare solution which is difficult to many: 

Productive schedule which automatically packs up non-sense life and thrown to the space, schedule more like cleaning home, or excel sheet for learning or for your work, talking around good vibes.

We have to say “shut up” to ourselves when there are stuffs going on in your mind while thinking or doing.

Changing heart, not by surgery, not by religion but by Someone who created you. (This one works for me). 

The key to deny the dark-self is SURRENDER to The Light who takes the dark away.

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The most purest definition of Success ever is this:

𝙎𝙪𝙘𝙘𝙚𝙨𝙨 𝙞𝙨 𝙜𝙤𝙞𝙣𝙜 𝙛𝙧𝙤𝙢 𝙛𝙖𝙞𝙡𝙪𝙧𝙚 𝙩𝙤 𝙛𝙖𝙞𝙡𝙪𝙧𝙚 𝙬𝙞𝙩𝙝𝙤𝙪𝙩 𝙡𝙤𝙨𝙞𝙣𝙜 𝙚𝙣𝙩𝙝𝙪𝙨𝙞𝙖𝙨𝙢. - Winston Churchill

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My Favorite Books on Investing!

If one wants to be strong or mature on investing. I can recommend you some books which is way too worth to study if you have passion in investing.

With links below (click the title name of the book beside bullet number), it will lead you to Amazon website to purchase books. Otherwise you can search for free pdf/epub in google if available. Now grab and eat yum books.

1. SmallIvy Book of Investing: Investing to Become Wealthy

(It will shape your mind the basics of investing. Explaining what stocks and bonds are and what are the related risks involved in investing any kind of assets available in the book. It also helps you to understand how to use investing to reach financial freedom, where you don’t have to depend on salary to pay for utilities, etc. Good book.)

2. Do You Want To Make Money Or Would You Rather Fool Around ?

(With this, you’ll be able to learn how to make real market in the markets)

3.  The Millionaire Next Door: The Surprising Secrets of America's Wealthy

(Learn something from the Wall Street Legend. It helps us to have insight for the long shorts from the no-shots by reviewing financial statements and knowing what numbers really count. It will tell you how your portfolio can reward you.)

4.  A Random Walk down Wall Street: The Time-tested Strategy for Successful Investing

(When one don’t care about news except small beta funds)

5.  Trader Vic: Methods of a Wall Street Master

(It emphasizes more on charting. Great book on investment psychology and give you an idea what it is like to be a trader.)

6.  One Up On Wall Street: How To Use What You Already Know To Make Money In The Market

(Gives you an idea about how average investors can take advantage of professional to achieve financial success.)

7.  The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel

(Learn the value investing from the greatest adviser of the twentieth century, Benjamin Graham)

Happy Investing!

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Cryptocurrency is still worth?

After the highest peak, it traveled all way back to the worst last year and it kept getting down. However, there is one light that is shining. 

One should not forget the vital reason why people rush in to invest in crypto. As our view, it’s because BTC jumped to the highest peak in very short span. But the real people see block-chain, the emerging technology which future companies are cunning to have it. When companies or experts accept this kind of technology, then light would be burning brighter and shiner that people will come back rushing to invest. 

But we don’t see any light nowadays, not even a single indication about its reversal. Is it still worthy?

Yes! No doubt it’s very risky. But you’re not suppose to trade more than you can’t afford to lose. That’s primary rule you have to set in your heart to protect your funds and that’s one of best self-control tools. Otherwise, you’re ready to become one of fools and greedy when you exceed the affordable limit to your blind faith. Actually, it’s not a definition of faith but a “lover of money“ which is globally known as the root of all evil.

Let’s hear some wise words from the famous author Bernard Marr about affordability:

Which brings me nicely to what I feel is the gist of the question of whether or not it is wide to invest in Bitcoin at this point in time.

As a basic rule, never invest anything that you can’t afford to lose. With Bitcoin’s volatility, it’s value could diminish overnight – and with prices spiked as they are at the moment, now seems as good a time as any for that to happen.

If you haven’t invested more than you can afford to lose, none of that will be a problem. If you do decide to play the game, however, don’t be surprised to find the stakes quickly raising. If you had invested $1,000 in Bitcoin in 2011, you would have £36.7 million now. You might (if you are lucky) consider that you could afford to take a $1,000 hit for the sake of a gamble – but could you afford to take a $36 million one?

Professor Milton Friedman quoted this:

I think the internet is going to be one of the major forces for reducing the role of government. The one thing that’s missing but that will soon be developed, is a reliable e-cash.

I hope you have a great takeaway from this short post. Happy life ahead!

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List for Forex Brokers that offer Bitcoin Denominated accounts

Bitcoin trading and crypto-currency brokers are a rage these days. Owning to the demand,  many brokers have started offering bitcoin denominated accounts and crypto currency trading. Not everyone that offering crypto trading good. Here’s a recommended list of Forex Brokers which are amongst the best.

Coinexx: 

Very impressive bitcoin broker. They provide two different accounts available: Pro-ECN and Zero Commission Accounts. The ECN account has a commission of $2 per lot but offers spreads starting from 0.0 pips. If you wish to trade commission free, then go zero commission account. You can deposit and withdraw in multiple crypto currencies. Anonymous account with valid email you can create. No fiat allowed. It offers upto 500X leverage. Offers trading on MT5 which is leading platform.

1Broker: 

It is also one of brokers that offers Bitcoin denominated. It offers trading on its proprietary platform. No minimum deposit required and you can avail upto 200X leverage. You can create anonymous account, keeping your personal details away from broker. The deposit/withdrawal is restricted to bitcoin only. It offers copy trading also.

SimpleFX : 

They offer setting up an account with 15 base currencies. Like every digital currency brokers, no personal details are required when setting up an account. Just a valid email address. The minimum deposit amount required is $1 and offer leverage upto 1:500 and spreads starting from 1 pips. Deposit or Withdrawal is restricted to Bitcoin only.

WhaleClub : 

You can trade FX, Commodities, Cryptos, Stocks and Bonds with whaleclub. They offers upto 20X leverage. They do not accept fiat and you can create anonymous account. Brokerage is there only if you trade in margin trading. You can deposit or withdrawal not only in Bitcoin, but also Ether, Litecoin or Dash. The spreads are a on a higher side with whaleclub.

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FINVASIA vs ZERODHA

Broker shopping is a serious business, and finding the broker that best suits your trading needs depends on a number of factors. Of course, you can always trust the experience you had trading with a particular broker. But the most important things you should be looking for is commissions and the associated costs. 

And when we talk about commissions, Finvasia and Zerodha are the first two names that come to your mind. Finvasia is the first zero brokerage broker and Zerodha the first discount broker India had.

After researching thoroughly, thought will compare these two torch bearers. The touch points of the comparison are few key factors and here they are:

Brokerage or Commissions

An interesting things to note here is though Finvasia is the only broker that offers zero brokerage, while searching online, Zerodha’s name crops up not Finvasia. So clear the air, Finvasia is THE ONLY broker that offers commission free trading on all segments they offer, while Zerodha only offers zero brokerage on equity delivery. For trading other segement with zerodha, you will have to shell out Rs 20 per trade or 0.01% whichever is lower.

Attached is the image (https://www.finvasia.com/calculators)

We all know that Zerodha provides cheapest brokerage for trading. But Finvasia brokerage is "NON-EXISTENCE". It is literally zero. Finvasia takes the lead here.

Account Charges:

I got in touch with both the brokers and here’s what each quoted me as account opening charges. With Finvasia there are no trading account opening charges and no AMC charges and even for opening a Demat account, there are no charges and the AMC fees for the Demat account are also waived off. And if you wish to set up an account with Zerodha, Trading account opening charges are Rs 200 and 300 if you wish the form to be couriered. There are no AMC charges in for account. You will also have to shell out Rs 100 if you wish to set up a Demat account and an annual Rs 300 as Demat AMC charges. It clear that Finvasia is far more cost effective if we are looking for a broker to cut costs.

Leverage:  

Both the brokers offer similar exposure to its clients to trade, where Finvasia offer 10X leverage for equity intraday and Zerodha offers upto 20X leverage in equity futures.     

Trading Platforms: 

Zerodha offer Pi, Kite Web and Kite Mob app along with NEST to trade. And you can trade on NOW, NEST, AMI Broker, Presto, Blitz, Scalpert web and Scalpert Mobile with Finvasia.

Client Support: 

Finvasia offers phone, live chat and online ticketing support whereas Zerodha only offer email and phone support. From what I have researched, Finvasia’s support team does quite a job with regular follows and client query solving. Some clients even complain they call too many times to check if everything is fine. On the other side, Zerodha support services have deteriorated over time to the point that the team does not entertain client calls if there is any issue they do not have answers for or where they are at fault.

Summing it up, Finvasia stacks up better than Zerodha in the factors compared. You can visit each broker’s website and do your due diligence. I rate Finvasia a 5 on 5.

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Top Zero Brokerage Brokers in India

Zero brokerage seems to be a fad these days. Every stock broker is offering something or the other free. I wonder if the brokers claiming zero brokerage are actually offering commission free trading. So I did my research and below is the list of brokers that have claimed to be zero brokerage brokers but aren’t really offering it barring one broker that really seems to be doing it. Here’s the list:

1.  Finvasia – They are literally charge zero brokerage. There are no commissions for trading across all segments, be it equities, F&O or commodities and there is no hidden charges are well. From account opening, AMC charges, call & trade charges to clearing charges, there is zero charge. They literally charge zero fees for the given services. They offers multiple platforms and tools for trading for traders. You pay technology charges if you wish to trade on platforms other than NOW and Scalpert.  They closely fit into the definition of zero brokerage brokers.

2.  Wisdom Capital - Their freedom plan offer zero brokerage and zero other charges including software charges but outside of this plan you pay brokerage of Rs 9 per executed order or Rs 999 lifetime. They are more of a discount broker than a zero brokerage 

3.  Trade Smart Online – They charge Rs 15 per executed order. They aren’t really a zero brokerage broker. None of the other services offered or charges levied are near to zero.

 4.  Zerodha - One of the first discount broker in India who claims to be a part of their zero brokerage brigade. They offer zero brokerage only in equity delivery but charge Rs 20 per trade or 0.01% whichever is lower

 5.  Trade Plus Online – They offer unlimited trading plans at Rs 799 but aren’t really a zero brokerage broker . The only thing free with them is setting up a Demat account and its associated AMC.

 6.  Fyers – They do not levi trading account and demat  account opening charges and associated AMCs but charge Rs 20 per executed order for trading.

 7.  5Paisa – They have zero account opening and demat charges; outside of that they charge Rs 10 per trader lot for trading.

PS: Visit each broker’s website to review the charges and the authenticity of this list. You’ll not be disappointed.