Most professional traders understand the need to treat trading as a regular business. For a Business venture, the needs are:
2. Understanding of the business
3. Management of risk
4. reasonable expectations of return
These are the principles that should be applied to the setting up of trading as a business.
More on this topic, soon.
CNBC: I appear on CNBC at frequently during the day, starting from 8.15. Since I discuss my Nifty and broad market views extensively on the channel, I plan to discuss other relevant ideas in this blog. Readers are welcome to ask questions on the Market.