My Trading Journey

Hello friends,


I am Aditya Pathak. I am full time working in software industry. I came in trading because I wanted to open a second source of income.


My trading journey started in 2008, 2-3 month before the RPower IPO. The first stock I bought was the Jagran Prakashan. I kept it for 2 weeks but it never gone up. I was totally a kid for stock market but that time I did not do the intraday or FNO. I kept my self involved only in  delivery based trading because at that time I did not have capital for FNO.


First Phase:
Like any other trader I started to gain the basic knowledge  of technical analysis. That time YouTube did not have technical analysis training videos, so I started to learn with website like Investopedia  etc,


My delivery stocks were doing good but I was in hurry so I thought, I should try intraday trading.


I sold all my stocks and with that money I started the intraday trading. Because I knew nothing about trading so what should happen with a new player in ground happened with me. I lost almost 1 lack.


Second Phase:
I took pause of 2-3 years but the keedha of trading is in my mind so I was searching for any good advisor who can help me in trading and give me Tips. That was the worst thing I did in my trading career.
I found a Sardar trader. You can easily find him on you tube now like other he talks about strategies. He used to suggest to take yearly membership in 20 thousand and then he will give you FNO trades. I need to keep 3-4 lacks of capital.
I am not blaming him because if I am believing anything and the decision is mine so I am responsible for the result. He used to give positional buy and sell in FNO without STOP LOSS and ask to keep 2-3 lacks aside to manage trade. If the trade do not go in our favor even he ask to hold and when nothing left then that trade ends in hell.


I again quite the trading and taken a long pause of 2-3 years.
Third Phase:
This phase starts from 2017.Now the YouTube has good training videos to learn the technical analysis.so this time I decided that I will learn and then I will start trading. This time I selected commodity for trading because it need less margin and flexible hours for trading.


Even I was better than I was in phase 1 and 2  and I was getting profits in my some of trades but watching trading training videos and doing the real time trading are two different things.


This time too I was losing money but the speed of loss is slow as I am getting profit in some of the trades.
I had to quite the trading because there were problems in my company it was about to shut down. I joined new company on 15-08-2019.
Fourth Phase:
After joining the new company I again started the trading with 60 thousand and trade in Commodity and Stock cash intraday. This time I was doing well I could reach till 80 thousand of my account value. This given me tremendous confidence.
Same time I was following some peoples on YouTube those were providing the online as well as class room workshops on weekend.


One of them is Mukul Agrawaal. He says that he do not use the technical indicator for trading rather he uses some Multi Confirmation for trading. I found his new approach quite interesting so I decided to join two days of workshop in Pune organized in end of December 2018.


Now you will be thinking that what is the relation of all this with Elliot Wave that is the topic of my blog. So friends,my Tutor taught me many chart patterns and one of them was Elliot wave. Elliot Wave was a single PPT slide of his entire training of two days and it took only 5 to 10 minutes to finish that slide.I considered that Elliot wave like any other chart patterns that I was taught that day. I felt nothing different or important for Elliot Wave.


I think this post is getting too long so I end it here and will give more details about my experience of Elliot Wave in next blog.