I know, there is too much negative news about PUBG as well as Day trading. But, there is always a positive side if you really want to see it. I will tell you all about how PUBG helped me in day trading.
I started day trading a year before; before that I was only a stock investor and was making good gains. So, I decided to opt for day trading as a career. Initially, It was like a bad dream for me and I was in loss for first six months. I used to close day with 5 to 10 k loss. Main reason for the loss was over trading and impatience. Slowly-slowly, I started learning from my mistakes and now I can say; I am a successful day trader.
As we all know, experience teaches you best & you can’t forget it. Let me tell you how PUBG helped me in improving my trading.
- If you are familiar with PUBG, you know that there are 100 players on the battle ground and some of the locations are so famous that Experts will go there to get max kills. Initially, you just have to avoid that location and wait for your turn to kill players acc. to your level. Same thing is happened with day trading.
Market opens at 9:15 & closes at 3:30; if you will try to enter market at that time, there is 90% chance that you will be butchered by the big Investors. First 30 minutes, they try to manage the index and it is not possible to predict exact movement. Because, it is the time when big money is coming into makret or they are booking the profits. You have to wait for the market to get settle and wait for your own trade.
In short, don’t enter market when it is volatile. It will kill you on both sides.
b) In PUBG, If you are trying to beat big players by going on famous locations again and again; you will lose points only which will reduce your ranking also. So, Its better to practice with players of your level and after that enter to beat big players.
In Share Market trading, Future and options are also for big players. If you are entering again and again to bear big players, you are just losing your capital. Start with swing trading or positional trading of stocks & with less capital; so that loss will not bankrupt your account.
For first 6 months, don’t try options or futures.
I know, they are lucarative and can help you to gain your salary in single day. But, they can bankrupt you also. Over trading will not help you. Just learn by investing in stocks and after that you can start for future trading or options.
c) If you are used to play PUBG, you know Airdrops are famous for getting big guns and high power helmets or jacket which help us to win game. This is the time most of the beginners get killed as they go to get it while other players are keeping keen eye on that.
Same thing happened in trading also. As we come to know any news about the stock and take the trade, reverse thing gets happen and we ultimately ends in loss. As we all know famous one liner in stock market that Buy on Rumors and sell on News.
So, don’t ever go with the majority. Stock Market is supreme and it will always go against the majority. That’s all my learning from PUBG which helped me in improving my day trading.
Last but not the least, learn from the other people’s mistakes. Because, life is too short to make them all yourself.