stocktaleStory of Bulls, Bears & Me ← Home
Read today Free library My notebook Workshop Register
Today This week + longer →
9 of every 10 lose money · SEBI's own study
They don’t lose because they lack intelligence. They lose because everyone told them what to buy, and nobody showed them how to look.
What do you think happens over this week?
Know nothing about the market? You’re the best person to start. Nothing to unlearn.
Traded before? You’ll find this harder than you expect.
In school, you answer when you know.
Here, you answer before you know.

Being wrong is not a mistake. It is how this works.

NO IDEA is a real answer, and in week one it is usually the honest one. Eighteen years in, Sagar still writes his down before he knows.

The one thing worth knowing tonight

Hold for a day 54 in 100
A week 56 in 100
A month 57 in 100
Three months 66 in 100
A year 74 in 100
Seven years never negative
Ten years under 1 in 100

How often the Nifty ended higher. The short horizons come from 3,044 sessions; the long ones from the thirty-five-year record, where seven years has never produced a negative return in any rolling window since 1991. The further out you look, the more the market has been on your side — and almost everybody does the opposite.

And the part nobody tells you. There was a trapping period. Somebody who bought at the exact worst moment waited years to get back — the worst nine-year stretch on record came out at minus twenty-eight per cent. After 1999 that shortens to about six years. This is history, not a promise, and it is the honest version.

Why each one moves

Today news, mood, one large buyer — mostly noise
This week flows, and what was scheduled
This month expiry, and what companies reported
Three months earnings and policy
This year whether India earned more than last year

A day is mood. Ten years is arithmetic. That is the whole reason the numbers above look the way they do — and the reason nobody can tell you what happens tomorrow.

This shows you what you think. It cannot tell you why the market moves.

Oil, the rupee, interest rates, what a government did last night, what a company reported this morning, and the mood of everyone else holding the same share as you.

Ten years is simple. The ten years in between are not. Every crash above had a reason, and the reason is what tells you whether to hold or run. That is two days in a room — the workshop →

You look every day so you can see the year. You don’t act every day.

There is nothing to buy here. No button, no order, no position. You are only watching — because you cannot see a year without seeing the days that made it.

No F&O. No intraday.

On any given minute you are trading against machines sitting inside the exchange, seeing the order book before you do and executing in microseconds. That is who is on the other side. If the plan is to beat them intraday, don’t enter this market at all — nothing here will help you do it. What a person can still do is see further out than they care about.

No money yet? Then this is the cheapest it will ever be.

In five years you will have a salary, and somebody will tell you where to put it. This is how you find out whether to trust yourself before that day comes — while being wrong costs you nothing at all.

Until you earn your own money and have savings you can afford to lose, do not trade or invest.

Learn now. Start later. That order is the whole point.

I don’t grade you. The market does.

Nobody else ever sees what you write — not other readers, and there is no ranking of any kind.

This is commentary only. Nothing here is a buy/sell call or a recommendation — no derivatives, no positions suggested. For any personal investment decision, please consult a SEBI-registered adviser.

Home · All editions · For institutions · Workshop & mentorship