10,000 To 1 Crore Through Stocks ft. Malkansview | Stock Market MASTERCLASS | The Ranveer Show 115
BeerBiceps
41 min, 56 sec
The video provides a comprehensive understanding of the stock market and trading, led by experienced stock market professionals Mr. and Mrs. Malkhan. The hosts discuss their experiences, strategies, and the importance of the right mindset for success in trading.
Summary
- Mr. and Mrs. Malkhan have extensive experience in stock market trading and have made a name for themselves in the field.
- The importance of learning from experts is emphasized, rather than relying solely on internet sources.
- The hosts discuss how the stock market can be a viable avenue for income, even for beginners.
- The significance of adopting the correct mindset for trading, including removing the perception of it as gambling and understanding it as a systematic approach to making money, is highlighted.
- The video provides an explanation of the tools needed for successful trading, such as technical analysis, and the necessity of having a clear strategy and risk management plan.
- The importance of continuous learning, making informed decisions, and being prepared to make mistakes and learn from them is highlighted.
- The hosts discuss the impact of major market events and crashes on their trading journey and the lessons learned.
- The video also touches on the growing popularity of cryptocurrency trading.
Chapter 1
The hosts introduce Mr. and Mrs. Malkhan, experienced stock market traders, and delve into their respective journeys in the stock market world.
- Mr. Malkhan started trading at a young age, initially inspired by the Harshad Mehta period in 1993.
- He made 20 lakh rupees by the age of 20, only to lose it and more in the dot-com bubble crash, leading to the realization of the importance of formal education in finance and trading.
- Mrs. Malkhan, despite initially being skeptical about the trading profession, was persuaded by Mr. Malkhan to learn about it, leading her to transition from her corporate law career to trading.
Chapter 2
An in-depth explanation of the four steps the hosts recommend for successful trading, namely tools, trading systems, risk management, and managing emotions.
- The hosts explain that there are two types of science in the stock market: fundamental and technical analysis. They emphasize the accessibility of technical analysis for the common person.
- They discuss the importance of using technical tools like candlestick patterns, moving averages, and the Relative Strength Index (RSI).
- Trading systems, or having a clear process of when to buy and sell, is crucial. This should not be based on instinct or gut feeling, but on a systematic approach.
- Risk management is key in protecting your capital. Before entering any trade, it is necessary to understand the potential loss.
- The final step is managing emotions. The hosts emphasize the importance of going deeper into learning rather than seeking quick profits.
Chapter 3
The hosts provide practical advice for beginners looking to start trading in the stock market, emphasizing the importance of patience, learning, and having a realistic timeline.
- The hosts suggest starting with education, spending one to two years to understand the market, and encouraging reading books on stock market trading and investing.
- They warn against averaging a losing trade, explaining that this can lead to greater losses.
- The hosts advise starting with smaller amounts of money to limit potential losses and learn from early mistakes.
- They emphasize the importance of seeing trading as a long-term commitment rather than a quick money-making scheme, suggesting that beginners should give themselves a realistic timeline of one to two years to fully understand the market.
More BeerBiceps summaries
ANCIENT INDIAN Secrets - Distant Galaxies & Apocalyptic Stories | Raj Vedam | TRS 372
BeerBiceps
A comprehensive discussion on the profound aspects of Indian deep history, incorporating scientific, astronomical, and mythological perspectives.