Stock market is an industry where most people land with a dream to be rich overnight, that’s why we aim to bring investors and traders in our stock market podcast, whose journey, experience and mindset can fix the mindset of stock market beginners.
In this stock market podcast, we have our friend from Lucknow, Mr. Arif Khan, a full-time trader in different segments. Arif Khan has his expertise in forex trading, but carries advanced knowledge of stock market as well as trading psychology.
During this stock market podcast, this full-time trader unrolled his journey in the stock market. His stock market journey started when he used to visit a jewellery shop where he saw the trading terminal for the first time and got curious.
This trader interview can be very helpful for stock market beginners as it highlights the mistakes beginners make in their learning phase.
At that time in Arif’s life in 2008, he had almost zero knowledge about the stock market, so he used stock market tips for trading and made losses of around ₹50,000. This loss hurt his ego and pushed him to crack the stock market and trading.
Then, he started learning from different sources and gathered as much as he could for 5 years and kept backtesting. This trading podcast also reveals the dark truth of the online stock market courses, in which Arif lost millions of money.
His primary motive to crack the stock market was to make a source of income after retirement. So in those five years of time span he learnt everything about candlesticks, technical charts, identification of false breakouts and interpretation of different candlestick patterns.
Stock market for beginners could be a very dangerous and challenging game if they do not have the right vision and guidance. This stock market podcast will help beginners to restructure their trading setups and reshape their trading psychology.
Further in this stock market podcast, you will see how stock market trainers con new investors and traders, and how to protect yourself from such people.
Hope you enjoyed this conversation. Stay tuned for more such trader interviews.
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Chapters:
00:00 Stock market podcast introduction
02:13 How his journey started
06:41 Why do stock market beginners make mistakes?
08:46 Why people jump in the stock market?
12:20 How did he lose money in the stock market?
18:38 Marubozu candle and trend reversal
26:19 Spent money on stock market courses
33:48 Different types of traders in the market
36:30 How should stock market beginners learn?
41:01 What is structural breakout?
48:37 Trading podcast conclusion
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