This Option Trader Loves Risk-Management in his Trading | Big Bull Ep- 59

We have brought many traders to our stock market podcast so that new traders can learn a lot by watching their trading journey and avoid making the same mistakes that those traders and investors have made.

Today, we have another trader with us on the Big Bull podcast episode 59, our guest, Ashish Mondal, who belongs to West Bengal and is currently working in Punjab. He started with forex and then learned about the stock market.

When he started his new job, he took a loan for three things. Seeing their colleagues with iPhones and other luxury items, he also bought an iPhone, gold for his wife and a bike on EMI, which cost them 25,000 every month, leaving only 5,000 for household expenses. This made it difficult for him to manage his home.

At that time, he realised the value of money and learned about financial management. He introduced finance into his life for the first time. When he went to his job, he saw a colleague trading in Forex. He didn't know much about Forex, and he didn't even know that Forex trading is banned in India.

When he received his salary, he put it in a binary account, and his money multiplied by 12 times. But when he invested again, he lost all his money. At that time, he didn't have any money left even for food.

So, he managed to survive by borrowing money for a month. When he got his salary in the second month, he again put all their money in the binary account. However, later on, he couldn't log in to their forex account, and he found out that it's not legal in India.

After doing binary trading for two and a half months, he entered the stock market. However, he didn't have enough money to invest, so he began learning about the stock market first. He dedicated 13-14 hours a day to practise and also read books.

Once he learned about the stock market, he started gathering capital. He borrowed up to one lakh rupees from his friends and kept his Bike's NOC as collateral and took loan of one lakh rupees. Afterward, he began trading, starting with option selling.

His strategy was to make small profits consistently. To know more about his interesting journey in the stock market, watch the entire stock market podcast.

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00:00 Intro
00:42 Why he started trading?
03:53 When he first knew about the charts
05:04 How he started trading in Forex?
15:45 How did he collect capital for trading?
20:30 Risk during Ukrainian - Russia War
23:30 How he increase his capital?
31:45 His Current capital
32:51 Should discretionary trading be stopped?
41:51 Risk and Reward Ratio
42:05 How many trades in a day or month?