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So far we’ve seen many traders on our Big Bull series, but this trader’s story stands out as the journey of finding one’s niche in the stock market.
Meet Ansul Kumar Agrawal, a swing trader who learned about the stock market from his uncle who happened to be a sub-broker.
Influenced by his uncle, Ansul started intraday trading in the market and started learning from KZbin and other platforms.
However, even after giving a full year to intraday trading, Ansul still couldn’t turn profitable in the market and was about to give up when the pandemic came along and shook his business to the core.
Due to hampering his business, Ansul decided to give trading another shot with options trading. But this also turned out to be an erroneous decision as trading in options again led to a significant loss of 30-40% of his capital.
At this point, Ansul finally realised that if he wanted to earn consistent profits in the stock market, the only way to achieve it is to learn through learning and gaining a deep understanding of the market.
So, thus began Ansul’s journey of unwavering learning in the stock market where he started learning with courses and read plenty of books.
Ansul now recommends the voracious reading of books such as How to make money in Stocks by William O'Neil and other authors such as Mark Minervinni, and Stan Weinstein.
Ansul talks about how Stan suggests buying stocks which are in their “stage 2” which is characterised by certain attributes in these stocks.
Ansul also recommends understanding the Indian market by keeping books beside the charts and simultaneously observing how the author’s suggestions play in the real and live market.
The trader talks about how he keeps 70-80% of his capital in small-cap stocks with a risk-reward ratio that allows him to book profits while minimising potential losses.
Ansul also reminisces about how he used to see his father trading in the stock market and how seeing him incur losses during 2007-08 made him understand the market’s realities early on.
In the end, the trader talks about the realistic amount of time that one can expect to spend to fully learn the stock market and how understanding the market on your own gives you a lot more confidence than learning it from someone else.
Want to know what Ansul thinks is a good amount of time to learn the stock market?
Watch the full podcast to find out.
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00:00 Intro
00:23 How He Came into Stockmarket
01:52 Left Market in 2019 Due to Loss
02:40 Loss in Business and Started Option Trading
04:48 Took Courses to Learn
10:00 His Stock Selection Strategy
15:44 What to do With A bad Stock
17:00 Risk-Reward Management
29:20 How Much Time It Takes to Become a Profitable Trader