Stock Market Success Tips: Role of Experience, Lessons, and Confidence
Investing and making profits in the stock market is not just a financial activity but also a confluence of art and science. In this blog, we will learn from the stories and advice of Vishal Malkan, an experienced investor and trader. His experience, deep understanding, and unique perspective will not only give you financial knowledge but also understand what it takes to achieve long-term success.
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| Stock Market Success Tips: Role of Experience, Lessons, and Confidence Masterclass Basics To Advanced |
Experience of Rs 2 crore 8 lakh and passion to teach family
Vishal Malkan says that he earned Rs 2 crore 8 lakh in his last trade. He is taking his success forward by reinvesting it and teaching his son business sense.
He explained to his son the importance of bundled offers like burgers and French fries. He also highlighted the growing popularity of online delivery services like Swiggy and Zomato and the surge in their stocks during the lockdown.
Mood fluctuations and stock market's connection with the moon
Vishal believes that the moon's cycles can have an effect on the stock market. He advises to study the market trends on special dates like March 21 and September. It is important to understand how the market changes on these dates.
Initiative to increase financial awareness through podcasts
His aim is to promote financial awareness. Whether you are interested in the stock market or not, such conversations can help you understand the world of money. Listening to podcasts can be an important step to learn from Vishal Malkan's experience.
Learn from mistakes and become self-reliant
Vishal Malkan has made many mistakes in his 27 years of trading experience and learned a lot from them. He says that instead of relying on someone else's advice, do your own research and make your own decisions.
He also told that in the initial stage, one should start with small investments. Just like in Test cricket, the first wicket is saved, similarly in investment also it is most important to keep your capital safe first.
Inspiration from Rakesh Jhunjhunwala: Importance of long-term thinking and courage
Talking about Rakesh Jhunjhunwala, Vishal told that his success lay in his long-term approach and courage.
Jhunjhunwala was not only able to take risks at the time of investment, but when the stocks chosen by him performed well, he invested more in them.
Basics of investment: Learn and progress
Vishal believes that those entering the stock market should first learn the basics and increase confidence by learning from mistakes. Once you start trusting your decisions, you can move towards bigger investments.
Long-term thinking and patience
If you want to succeed, then give up the dream of becoming rich overnight. It takes years to become a doctor, engineer or chartered accountant. Similarly, success in the stock market requires time, hard work and patience.
Conclusion
The stock market is a long journey, in which keeping your capital safe and making the right decisions is of utmost importance.
The experiences and tips shared in this blog can lead you in the right direction. Remember, investing is a journey, which should be traveled with wisdom and discipline.
Are you also ready to start this journey of the stock market? Share your opinions and questions below!