How should I start trading ? What if I lost whole capital? Am I doing it correctly? Such questions arise when a person decide to venture in stock market and to answer all these questions A Digitalblogger has brought a podcast series called Big Bull in which we interact with some prominent members of trading community.
In this podcast we are introducing to you Ali Ahmad,once an Airtel company employee turned full time trader. As usual host Aseem Juneja asked Ali Ahmed from wheore did he heard about stock market and in answer he said 'My maternal uncle is a trader and he came to know about stock market when he saw hsi uncle trading. '
Ali Ahmad joined Airtel in year 2007 at a monthly salary ot ₹15000 and there he saw other employees trading. He opend trading account and with beginner luck he got profit little more than what he expected. With that a misconception came to Ali Ahmed that stock market is easy. He was earning little profit with equity trading and a friend gave him ₹ 2 lakh to trade on his behalf but he ran out of luck and lost all the capital.
To make his woes worse he again took money from someone and a cycle of losses start that with massive debt of ₹35 lakh on him. He lost confidence, quit job and discussed about his losses with elder brother who helped Ali Ahmed in trying times.
To pay off debt he sold an ancestral property and after that started trading with small quantity. Along with that he was coaching students, dealership in properties to arrange capital for trading. All the happened between 2009 and 14.In between he met his mentor who taught him trading psychology and technical aspects.
He became consistent in trading and in 2014 he turned this part time trading gig in to full time trading. Now coach newbie traders with through his KZfaq videos.
There is a lot more to learn so do watch the video to full length and tell us about your experience with trading and fill the google form in pinned comment to appare in our podcast.
Here is the KZfaq handle of Ali Ahmad : • Video
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00:00 Intro
02:59 First step in the stock market and initial losses
08:20 Meeting a stock market mentor
11:00 Foreys into full-time trading and common mistakes
21:30 Rule-based trading and psychology