Today we have Anmol in our Big Bull Stock Market series episode 52, a 24-year-old trader who started his trading journey 4 years ago at the young age of 20.
He worked at his Relative's canteen in Gold Gym in Kanpur last year. After that he thought of doing something of his own and one day he saw a man with a stall of chole bhature. He talked to him and started his stall with an investment of Rs 30,000.
After six months of hard work, he started earning 20,000 rupees per month from a chole bhature stall. After a short while he got the lease of the canteen where he worked earlier. From that canteen, he was hardly earning 40,000 to 50,000 per month.
Because of his cousin's wedding, he took a break of 5-6 days and when he returned, he found that The Gold gym where his canteen was situated was sold by the owner of the gym.
In January 2020, he was visiting a relative's house where he got suggestions of trading in the stock market. He along with his cousin put a sum of rupee 20000 in shares of IGL and earned a handsome profit of rupee 5500.
Initially, he started trading after watching stock suggestions in business news on TV. Encouraged by this he again traded in stocks and earned profit again. They took a break as his cousin was on the trip.
But this easy profit made him a bit careless. One day at the suggestion of a cousin he bought shares worth Rupee 27000 of Glenmark Pharma and suffered a loss of Rupee 21000. He Again took money from his sister and started intraday trading without any knowledge just based on pure speculation.
This time too he suffered losses. Once he was his brother-in-law in Delhi and out of wit he said “I am doing very good in the stock market” and they asked him to teach the stock market to a family member.
He agreed and even took a fee of rupee 8000 and even gave Anmol a rupee 60000 to trade. He lost all of his capital again.
He resorted to revenge trading. Took some capital gain and traded in Glenmark pharma stocks. This time luck favoured him and he earned quite a big profit.
After experiencing many losses, he realised that holding onto the shares and not selling the shares could make him money. This strategy became clear to him after facing numerous losses.
In 2022, his fixed deposit matured, and he invested that money in the stock market. Over the years, he kept growing that money through swing trading.
Anmol is a successful swing trader now but learning come only with mistakes. To know more about swing trading and trading strategies watch out full episode.
Also in case you are a swing trader and want to share your story and experience with swing trading fill out the google form provided in pinned comment.
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00:00 Intro
02:44 How He Started Trading in the Stock Market
03:31 He used to Work in Canteen
04:07 Started His Own Choole Bhature Business
08:10 His First Trade
10:21 First Big Loss
12:38 Opened his Own Demat Account and Lost Again
15:48 Was Totally Trading on Speculation Basis
18:15 Decided to Stop Trading At All
19:46 Started Managing Portfolio of Brother in Law
21:00 Sold Portfolio of Brother in Law and Invested in Zee Entertainment
22:29 Came to Know About Swing Trading
25:00 Invested FD's Money in the Stock Market
27:00 Learned More About Trading From YouTube Videos
29:00 His Stock Selection and Swing Trading Strategy
43:00 Good Stock and Bad Stock
45:50 He Started in Futures Recently
52:20 Biggest Loss in a Day
57:20 Final Words
