Trading Journey: Made ₹7.5 CRORE with just ₹1 LAKH

Summary

This transcript chronicles the journey of a successful FNO and stock trader, detailing their rise from starting with just ₹1 lakh in 2015 to a trading capital of ₹7.5 crore by 2025. The trader reflects on the importance of financial discipline, the lessons learned from both success and failure, and the role of a strong personal balance sheet. Emphasizing the value of education, perseverance, and emotional resilience, the trader shares insights on how to approach trading as a professional career. They also highlight the significance of balancing income generation with strategic savings for financial independence.

Takeaways

• 😀 The speaker believes they are among the best FNO and stock traders in the country, but strives to remain humble in their approach.
• 😀 Consistently booking 1 crore in short-term profits each year places the speaker among the top traders in India, with roughly 12.5 million traders in the pool.
• 😀 The speaker's trading journey started in 2015, after realizing that creating a business while employed was difficult, making trading a viable option.
• 😀 Despite initial doubts and challenges, the speaker's belief in their ability to succeed in trading was reaffirmed, with the backing of a strong personal balance sheet.
• 😀 The speaker credits their success to having a solid balance sheet, highlighting that those with strong financial foundations have higher chances of succeeding as traders.
• 😀 In 2015, the speaker began trading with 1 lakh rupees, and by 2021, their trading capital reached 1 crore, achieved organically without additional capital injections.
• 😀 After quitting their job at 33, the speaker found success in creating a stable income through trading while managing risks in the market.
• 😀 Personal financial planning is important: the speaker optimizes income generation while their wife focuses on saving and reducing expenses.
• 😀 Financial losses, including a significant loss of 25 lakhs, are a normal part of the trading journey and should not be seen as setbacks but learning experiences.
• 😀 Trading requires deep, reflective thinking, as every event in the world can influence market positions, and consistent effort is key to mastering the craft.
• 😀 The speaker emphasizes the importance of acquiring a high level of skill to succeed as a full-time trader, advising against underestimating the demands of the profession.

Q & A

What does the speaker believe about their trading skills?

The speaker believes they are among the best FNO and stock traders in the country. They believe their consistent performance places them among the top traders, but they also make it clear they don't want to sound arrogant.

What was the initial catalyst for the speaker to start trading?

The speaker started trading in 2015 as a way to create an additional income stream, driven by the need for financial growth rather than as a primary career path.

How did the speaker's career in trading evolve from 2015 to 2025?

Starting with ₹1 lakh in 2015, the speaker's capital grew steadily. By 2017, they had ₹3.5 lakh, and by 2021, they crossed ₹1 crore in capital. They continued to scale up, and by 2025, their trading capital reached approximately ₹7.5 crore.

Why did the speaker wait before quitting their job?

The speaker waited to build a stable income from trading before quitting their job. They wanted to ensure financial security and had planned for contingencies like gratuity and provident funds before making the leap.

What role did the speaker’s father play in their decision to quit their job?

The speaker's father, a logical and intelligent person, cautioned against quitting the job too soon. He warned that many traders fail after years of attempting, but despite his concerns, the speaker believed they were different and not the 'frog in the well.'

What does the speaker mean by 'a strong balance sheet' in trading?

A strong balance sheet refers to having no liabilities or loans, which gives traders a much better chance of succeeding. The speaker argues that traders with financial stability are more likely to succeed in the stock market.

What are the two primary approaches to achieving financial abundance according to the speaker?

The two approaches to financial abundance the speaker discusses are focusing on income sources and optimizing savings. The speaker and their wife have divided these responsibilities, with the speaker focusing on increasing revenue and the wife optimizing savings.

What mindset does the speaker recommend for aspiring traders?

The speaker recommends a mindset of hard work, discipline, and reflective thinking. They emphasize that successful traders must continuously think deeply about their actions and strategies in the market.

What are the key characteristics of a successful trader according to the speaker?

A successful trader must be disciplined, skilled at risk management, and dedicated to continuous learning. The speaker also highlights the importance of reflecting on one's trading actions and maintaining a balanced personal financial situation.

What books or resources does the speaker recommend for aspiring traders?

The speaker recommends three key resources: 'Beyond Candlesticks' by Steve Nison for candlestick charting techniques, 'The New Trading for a Living' by Dr. Alexander Elder for multi-timeframe trading, and books published by Wiley Publications, which specialize in technical analysis and have been vetted over decades.