0.8 Your first two weeks

0.8.1A checklist#

Day	Task	Done when
1	Read 0.1 and 0.6. Write down your emergency fund, insurance and debt position (0.6.1) and your core–satellite split (0.6.3).	One page, dated
2	Compare two or three brokers on the criteria of 0.1.4; read their charge sheets. Open a trading and demat account (PAN, Aadhaar e-sign, video IPV, bank proof, nomination). Do not activate F&O.	Account opening submitted
3	Read 0.2. In the course app, open Simulator → New order and place one order of each type (market, limit, SL) and product (CNC, MIS) on paper.	Five simulated orders, each with a one-line reason
4	Build a watchlist of 15–25 names: the Nifty 50 index, a Nifty 50 ETF, and large companies from five different sectors. For each, note the lot of information in the quote (0.2.1) at the same time each day.	Watchlist saved
5	Read 0.3. Open the daily chart of each watchlist name on log scale; mark its 52-week high and low. Do the Nifty walk of 0.3.6 yourself for a different year.	Notes on five charts
6–7	Read 0.4 and 0.5; do Problems 0.1–0.4 and Exercise m00_sip_xirr.	Exercise tests pass
8	When the account is active: log in to NSDL or CDSL, find your demat account, and set up alerts. Transfer a small sum and withdraw it to learn the timing.	First CAS reconciled
9	Set up a first small SIP into a broad index fund as a process: choose a direct plan, read the scheme's key information (expense ratio, exit load, tracking difference), set the date, and record it as a cash flow in a spreadsheet so you can compute its XIRR later. The choice of fund and amount is yours; the course recommends none.	Mandate registered, first instalment recorded
10	Read 0.7; do Problems 0.10–0.11 and Exercise m00_trader_tax. Download the AIS for the last tax year and identify each item.	AIS reconciled
11–12	Paper-trade in the Simulator: at most three trades a day, each with entry, stop, target and size written before the order (0.6.3).	Ten simulated trades
13	Journal. For each simulated trade record: date, instrument, product and order type, reason, entry, stop, size, risk in ₹ and R, exit, result in R, costs, and one sentence on what you would repeat or change.	Journal with ten entries
14	Review the two weeks: what you learnt, which costs surprised you, which statements you can now read. Choose your track (below).	One page, dated

0.8.2How to use this course#

• Levels. Each section carries a level. Foundation sections (this module, and the practical sections of later modules) are for everyone. Core sections hold the main models and derivations a serious trader or investor should know. Advanced sections hold research-level proofs and extensions.
• Tracks.
  • Practitioner (8 weeks at about 20 hours a week): from zero to confident paper trading: this on-ramp, the foundation and core sections, the trade playbooks of M15 and the Simulator. Advanced proofs are skipped.
  • Core (8 weeks at about 25 hours a week): required sections and starred problems; optional proofs and deep dives skipped.
  • Full (12 weeks at about 25 hours a week): everything, including every problem, exercise, lab and capstone.
• Order. Part I (M01 market structure, M02 statistics of returns, M03 betting, Kelly and ruin) comes before any trading module. The playbooks (M15) assume M04, M04A and M05; each ends with a "Do it in the simulator" exercise.
• Real money. Move from the Simulator to real money only after a journal of at least a few dozen simulated trades under fixed rules, and then only inside the satellite budget of 0.6.3.