Early days of a Dr. C K Narayan

TL;DR

The content discusses the evolution of technical analysis in the Indian market, starting from the author's personal experience to the impact of screen-based trading, the advent of the internet, and the role of television channels in promoting technical analysis.

Transcript

well those books were definitely tough to you know get thanks to Amazon now not nowadays we get our books in three days flat but I still remember in my early days when I when I got hold of a book I was doing my MBA I didn't like what I was doing I was sitting in the library and I got folders of a thin book it spokes on something about price and vol... Read More

Key Insights

• ❓ The author's personal journey from dentistry to the stock market highlights the appeal of the energetic and challenging nature of trading.
• 🥺 The introduction of screen-based trading and the NSE led to increased trading volumes and a shift towards short-term trading.
• ❓ The availability of the internet, data, and software made technical analysis more accessible and popular among traders.

Questions & Answers

Q: What was the author's initial motivation to shift from dentistry to the stock market?

The author's interest in the energetic and challenging nature of the market prompted them to make the transition from dentistry. They found the process of making money through trading more appealing than dentistry.

Q: How did the advent of screen-based trading and NSE impact the market?

Screen-based trading, along with NSE's introduction, resulted in increased trading volumes and a shift towards short-term trading. The availability of intraday charts and lower trading costs created a positive cycle for traders and technical analysis.

Q: How did the internet and technology contribute to the growth of technical analysis?

The internet and the availability of data and software greatly facilitated technical analysis. Traders had access to historical data, charts, and various tools, making technical analysis the tool of choice for short-term traders.

Q: How did television channels influence the popularity of technical analysis?

Television channels, particularly financial news channels, relied heavily on technical analysis to fill programming hours. This increased exposure and demand for technical analysis content, giving it a significant boost.

Summary & Key Takeaways

• The author recalls the challenges of obtaining books and conducting research in the early days of their career.

• The author explains their transition from dentistry to the stock market due to the energetic and challenging nature of trading.

• The author highlights the significant changes in the market, such as the introduction of screen-based trading, the NSE's impact, and the internet's influence on technical analysis.