Yes you guessed it correctly. My family was against it tooth and nail. But once I was in it they backed  me when things went off hand temporarily. For instance they would morally boast me when the Bank called in for margins I was leveraged (up to my neck) with Bank finance in 2001 and needed the NASDAQ to close higher so that my bank did not call me for margin.

I played the "game" in the way I told you Rs 10 is meaningless if I am looking at Rs 50 for a decent standard of living.

All throughout  the last 5 years My investing strategy has been one where I have wanted to play the risk with the reward. I do not play blind in the sense that for each of the companies that I have invested I have read the history of how the global peers evolved and then comparing strategies. In one of the companies that has an internet presence I am anxious to know from the management as to how they would increase revenues and values. I have also tried putting  my strategies across and they have been listening and improvising significantly on that.

You do not need conviction when you have not made any money. You need tons of it after you have made it because then there is the risk of losing all or a substantially part of it.