i was also part of that and i decided i want to be a stock trader at that age only and after 10th i i told my dad i want to be a stock credit of course you know what the answer would be at that time so but i did my trick and i took an admission in a college which was next to stock market called the casey college my graduation tyb id but more of i was into stock market less into the college and since then i learned these tricks about markets and up and down and i used to write the prices open high-low close and that was the raw form of technical analysis and you would be amazed that by the time i was in t y which was when i was 20 i made 20 lakh rupees by just trading one simple strategy and i thought i'm a genius and i'm going to make crores of rupees and just realized that it was just a bull market and it was my luck and the market crashed in that dot-com bubble and


and the market crashed in that dot-com bubble and i lost that plus i lost more money and i was also already into a debt then i realized i need to learn and then there are two parts one was fundamental one was technical so i joined a finance mba and started learning technicals to books and seminars and that's when my real interest started and i decided that technical looks very simple and easy for a common man for fundamental you need to be a finance background so in my journey that uh started in that and between 2004 and seven i almost read like 400 books on stock market trading investing and my first success came in trading when market crashed in 2008 and i was able to predict it and i did not lose money in that crash and i realized that i need some i can pass on this knowledge this 12 13 years of knowledge to someone and that's when we started our institute and we got married in 2007. let's hear her story while this tornado was going on the other


her story while this tornado was going on the other end what happened in your life so while so i was uh by education i'm i have studied law i did my company secretary ship i got interested in law and while i was i was working the ub group at that point of time 2007 so when the alliance came in so they they were actually family friends so my parents are very keen you know that they're good people and they stay around like family we know them since years but uh as soon as i got to know he's a trader i thought you are excited i don't want to get married yeah i'm working in a good corporate law corporate law firm and so that was the whole how it all got started and though he had an mba finance and he was doing well but he was ultimately trading and i was someone who never traded i was someone who didn't even know what a stock market is my friends used to trade bras completely out of it so then i said no


bras completely out of it so then i said no it's not gonna be possible then followed months of you know meeting each other and he would convince me how you know trading is not that bad and i'm not a gambler and you can just see what i'm doing and then gradually i thought yes i mean you know the more i got to know him i said he reads books he has varied interests as well and then only on the pretext of one thing you know even if focus i have my job i'll run the house only on that predict we got married and then what happened was very interesting i took a three-month break because by that time i'd moved on to kingfisher airlines and we were like you know that was the time we were acquiring aircrafts and it was very hectic so then let me take a break for three months let me settle down and while i was on a break i used to see him read charts and do some kind of analysis and i used to


and do some kind of analysis and i used to tease him what are you reading what are you studying you know so that was he got very awkward he said why don't you learn what i'm doing at least you you get to know what i'm doing the the science of it and that's how i got started i did a basic program on technical analysis how do you study charts how do you analyze markets and that intrigued me further i said this is something which is making a lot of sense it's not gamble after all and then i studied more i did the advanced course i started to make sense of it then i i mean that was a time when i had to go back to work i told my boss this is something i have to try i need to resign and he said i don't know you can come back and it's okay let me try this new career thing you know at least i don't know how i'm going to do here so i took all my money savings i invested i


i took all my money savings i invested i started trading i mean my journey was also filled with lots of ups and downs but one thing was starkly contrast to his journey was that he was there to guide me so the way he had experienced his pitfalls i was at a much better space i had a constant guide on what to do what to read what courses to go to so that way my journey was eased out so of course a lot of ups and downs but ultimately i found my way here and found this that you know i can make same amount of money maybe more amount of money but i didn't have to work full-time i could work my at my own pace and we are able travelers we travel a lot so it's like kind of you know you can trade from anywhere so that kind of gave us more confidence on passing on this knowledge through the institute if someone like me who can do it who had completely no background i'm sure a lot of others could do


no background i'm sure a lot of others could do it as well and we've had people we've had doctors we've had engineers we've had homemakers so many of them taking this forward i think yeah generally trading is becoming more friendly especially when you hear stories like this where you were just guided and you switched professions sort of so there's three things i pick up from your collective stories the first is that both of y'all have lived through some intense uh scams in terms of you know not i mean y'all have seen it firsthand the second thing i've picked up is um that you guys are pretty made for each other thank you so much yeah and even the energy you all share is very like nice you know like uh again maybe that's because i'm in a very shady career zone in life when i say great matches it's very inspiring how long have you all been married 14 years wow good you remember there's gonna be more questions about this marriage aspect maybe after the podcast but because


this marriage aspect maybe after the podcast but because we're talking about the stock markets the third thing i've really picked up from you guys is that there's science to the madness because when you don't know much about the stock market especially in india our parents generation will tell us something it's all gambling don't get into it it's an addiction like i've heard this kind of stuff growing up and i'm sure there's kids all over the country right now who've heard similar stuff so i'd love to hear the breakdown of the science so so when when you were giving mam all the dope on stock market on your early dates what was your first few inputs so now we have broken down the whole science into four parts let me first tell you that there are two kinds of sciences one is the fundamental analysis and the one is the technical analysis now fundamental analysis is about you look at the balance sheets and the ratios and what the company is doing what the management is doing now this is something


doing what the management is doing now this is something which only a person who has some finance background can do it or mba or finance or a ca or something but not a common man so the other part of the science is called technical analysis which is basically just studying the graphs in the charts you must have seen so many of them nowadays even you have a chart of covet nowadays so based on that you see the trend is going down so that's trend analysis so if i have to give you the right example and what to the viewers and audience also that technical analysis is very simple that it does not require prior background so the best example i give you uh is like let's say if somebody has a chest pain and he goes to the doctor and the doctor will say go and take an ecg out the cardiogram so it's made up of lines based on that cardiogram that doctor is going to analyze whether he has some disease or not whether he needs medication or rest or whatever he


not whether he needs medication or rest or whatever he doesn't go into why it happened whether it was because of drinking or sleeping or eating the wrong food or some whatever it is so the even when the stock market goes up or down you don't look at the why it is happening because there can be thousand reasons for a stock going up or down but if you just look at the graph it says okay it's going up there must be something good about it we don't know but what is the remedy is to buy same way doctor will say okay this is the thing you have to remedy this is the medicine or this is the further test to be done or the remedy is rest so in that case if the lines are going up you buy if the lines are going down you sell it's that simple it sometimes looks very simple to be true but then we have done it for so many years and i think it is the best way to learn markets and nowadays the world is so fast


to learn markets and nowadays the world is so fast the the markets are so volatile if you see the long term definition earlier was that is gone because the definition of long term has come to 12 months because you don't know what's happening after 12 months because of the dynamics of technology uh the dynamics of the world markets and nowadays with cryptocurrencies and all those things coming up anything can happen the company which was doing well 12 months back will not be there after 12 months wow so the only way to do short-term analysis is technical analysis so um you know a lot of people have this mindset especially people don't know about stock market they think that okay i'm just going to hang on to these shares of this company and you're saying we shouldn't do that anymore at all absolutely the a good company is a good company is only one it makes you money let's say i give you an example like so many stocks we talk about reliance the most popular company uh is was not performing at


the most popular company uh is was not performing at all between 2008 to 2016. for eight years it gave you zero returns on the stock but we say okay it's good company so i'll hold on to it but within that eight years you would have bought some other stocks that you have made money which had gone up then it's a rotation now if you look at currently the metal stocks are going up but they were not doing last year so you have to know the not the science of it otherwise you are stuck with the wrong stock and you think our markets are going all-time high and my stock is not going up so you need to know the trend of that and also need to know the exit of that so if your goal is to make money from the stock market you study it and if something is stagnating don't just leave your money there then your money is it's as good or as bad as lying in your bank account absolutely it's like you know people getting married to stocks they cannot sell


you know people getting married to stocks they cannot sell their reliance they cannot sell their lnts it's that way you get married to a stock and then irrespective of the stock giving you return or no you're stuck with the stock for yours you feel good that you're owning it but in real it's not making generating any value for you so we had the zerodha founders nikhila nitin kamat on the show and what they mentioned about the stock market is that you need to play it like test cricket uh compared to t20 you can't play like big gambles and all right so coming back to you sir when you began trading again when you were in college you said you made 20 lakhs and then you lost all of it i'm sure you were playing t20 yes yeah actually we used this example in our trainings also in fact we recently had come up with a program called option premier league like an ipl opl and we said that we use all cricketing language and let


said that we use all cricketing language and let me give you one strong example or strong analogy about how you need to treat stock market stock market as you said is need to be played like a test match and who's the best test cricketer in in india who was like raul dravid right so what is the main photo of raul drivers is he stands on the pitch he doesn't lose the pitch means he doesn't lose the wicket so what is the idea is most people come to stock market they want to make money immediately and fast like quick rich but if you think about staying on the pitch for some time gauge the pitch gauge the bowler gauge the runs and then you make run slowly and steadily like a test match then you will survive so for us our wickets are our capital before you learn the the magic of stock market you have to protect your capital also your initial money that you're putting in yes the the investment but how do you do that so we have to have


how do you do that so we have to have something called like let me break down the four parts we are talking about the tools the trade the risk management and the emotions management so emotions is her department so tools is like we're using technical there are certain tools like us candlestick patterns and rsis indicators and momentum those are the tools that tells you whether the stock is strong or weak or it's going sideways then there is a trading system what is a trading system is like a process process means okay if this happens we buy if this happens we sell so when you have a systematic approach when you are process driven you are not taking any decision on gut feeling on instinct on instinct it's science it's science okay then it's like uh you go to mcdonald's and you have french fries you have french fries everywhere in the world it tastes the same why because it is process driven the same machine the same kind of process if you have the same process


same kind of process if you have the same process in stock market it actually becomes boring and really when money making becomes boring in stock market that's when you really make money but most people come to stock market is for the thrill element wow great you want to have that right thrill what is the definition of thrill when the things are uncertain you don't know how things will pan out but if i'm following a process then i know that after do this this happens after this this happens either i'll make this much money or i'll lose this much money and that's the process driven thing which we bring out to this that means it reduces some part of the emotions also i don't need to think oh i should i buy or not today some people are oh i feel good today let's buy it's just system says buy then buy system says sell then sell system says book a loss then book a loss system says book a profit then book a profit once you learn that then there is it's


a profit once you learn that then there is it's just a normal day like any other business and the third part is called the risk management so before i enter any trade which is maybe a long term short term medium term or day trading you i need to know how much i can lose my money how much i can go wrong on this because that's the only thing which you can control in your market you can't control what others are doing you can't control the profit you can't control the market going up or down you can only control where you buy and where you book a loss not even the profit just to book a loss and that's where the key is when you book a loss you are actually protecting your wicket can you explain this further sir okay let's do this let's say i buy a stock at 100 rupees okay i tell you to buy a hundred what would be your natural question coming to me next that is it gonna go up is it gonna go down how much it will go up


it gonna go down how much it will go up right and i will say 200 and you will say i you'll be happy oh it's going to double right but can i guarantee 200 can anyone guarantee 200 nobody but let's say if it goes to uh 80 rupees what would you do i'd say i want to take my money out yes most people would say okay i'll wait okay it's a temporary correction or it's going to come up again it's the virus thing or some other logical rational rationalization of the loss and you hold on what happens is when you buy at 100 and when you book a loss at 80 basically you are mentally taking a defeat and people don't take defeat because since childhood we have been taught that you are to stick to it and you have to hope for the best that hope for the best goes in the wrong direction in stock market then it goes to 50 and then you try to average out let me buy more so that my average comes


out let me buy more so that my average comes down then it goes further lower and then you become a long-term method long-term investor that's how most long-term investors are produced in market because you are not able to book your loss at 10 rupees and if you had booked your loss at 10 rupees you have saved your capital you can go to the next trade but because you're stuck here you can't go to the other trade also and your money stock your mind is stuck and that's what i mean by risk management that before taking any single trade you need to know the risk of it whether it's short term or long term you mentioned averaging out could you explain that concept okay let me average let me give you the best example right now uh the the big frenzy right now is cryptocurrency right and everybody's like mad behind bitcoin and ethereum and all that now i'm personally not in favor and don't trade cryptos because it's not regulated that much in india and don't understand much


regulated that much in india and don't understand much so and my friends are trading and my my brother's in us and he's also trading and all so it went up to 65 000. now some people would have bought at 65 thinking that it's going to one lakh now it comes to 50 000 then what you do is you are averaging a loser market is saying you are wrong when market says you are wrong and you still add up to your wrong by buying more there is no guarantee that it's going to go up from 50 000 then it goes to 40 000 then you buy more so in our trading psychology or day trading game we have this thumb rule never ever average a loser you don't average a loser you average a profitable trade like let's say if it has gone from 65 000 to 75 000 i'll buy more even if it comes down i'm in profit but if it goes up and make money more money on two two parts of my positions so that's the part of


two parts of my positions so that's the part of where you as a as an audience if they're listening they should let never ever average a loser in your trade whether it's crypto or stock or option or future or long term or short term but okay again so if you're explaining this to a college student what is averaging out like could you explain at the abcs of averaging averaging is like let's say you buy a stock at 100 rupees 100 shares and then it goes to 80 rupees you buy another 100 shares so your average becomes 90 because you bought it 1800 but your average is still above the price your average is still below the current market price that's why you're losing money and if it goes further down you lose more money and uh so what about this logic of uh you know people say you buy when things are low and then you sell when things are high this is like a very traditional textbook uh stock market funder it's is actually i would say it doesn't work at all


is actually i would say it doesn't work at all like it's all it's like let's say it's like betting we have been uh since childhood we have been trained to like bet on the underdogs even in movies and cricket let's say if you are watching a australia and kenya match you'll wish that kenya wins right and that's why we sell select a stock which is going down like or if i make money in a stock which is going down i'll feel good also because i bet it against the odds let's say if i try to tell you buy the stock which is going up then it's no-brainer everybody's buying it everything is going up and you feel also that okay it's going up it's expensive right this looks cheap and since childhood again we have that saving money discount sale offer that stock was now bitcoin it was 65 now it's 40 let me buy it then it goes to 20 that is further cheaper then i'll buy it more so basically if you're betting on


buy it more so basically if you're betting on australia there's a chance australia can renew the world cup absolutely it's a no-brainer okay so the next obvious question is that say you have 10 000 rupees you're a college student and your dad has said your take this 10 000 if you want wanna begin your stock market uh career how do you actually be in how can you turn ten thousand into one crore okay ten thousand to one crore is a long journey but it's possible it's possible with the right of course the mindset and the right strategy and then of course comes to the right implementation of the strategy the implementation part is where most people fumble like you know what everybody knows how to lose weight it's a very simple science but most people can't do it because of whatever mindset problem you have you have to be disciplined you have to be like determined then only you can do it consistently consistently yes so if a youngster who's watching it and he's


if a youngster who's watching it and he's uh trying to build a career in stock market or be it in finance first of all first thing is called as something called as education like you become a doctor or an engineer or a lawyer or a chartered accountant we spend three three years to get one degree so how about spending one year or two years to learn stock market it's also a profession if you take it as a profession it will become a profession if you take it as a gamble it's a gamble right so that's the first thing i would like to try to learn and nowadays with so youtube and uh this facebook and all there's so much of education free education available about stock market where you can learn right from the basic and then understand what is a stock what is finance what are companies what is technical what is fundamental and trend try to gauge it and slowly there should not be any hurry to get into the market first is the education part it's like before you


market first is the education part it's like before you get into the main cricket you do some net practice on the main match so net practice is about practicing on the behind and then you enter the market and with 10 000 i think the you can buy stocks in equity which are like positional or long-term sectors and also you can put some money in mutual funds also because there also you can play uh based on let's say now farmers are doing good so you can select a pharma fund or you metals are doing or you can select a metal fund for but again you have to educate yourself about mutual funds and know the risk part also that okay if i lose money i'll get out here um so what i have gauge from all of this is again to learn about the stock market you do need a long learning curve which includes experience it includes reading it includes mentorship all that and you guys have boiled it down to these four steps yes i'm sure you all have like i think


steps yes i'm sure you all have like i think y'all have drawn out those four steps after years of expansion which brings me back to those four steps again this is from the perspective of that kid with 10 000 rupees right to give that kid some perspective so the tools aspect how did you actually develop the tools and like what is the tool is it a computer program is it some sort of mathematical formula what is it all right so len comes to tools there are technical analysis is a software is now available freely on all websites you go to investing.com or any other website money control and all so if you see the chart you must have seen that like a mountain chart then you convert them into something called as candlestick chart candlestick is like green and red those bodies like looks like candles that itself each scanner refers something like it it gives you some information about bulls and bears in the market and then there are certain more tools like moving averages then there's some tools like


tools like moving averages then there's some tools like called rsi the relative strength index which we specialize in it tells you the speed of the market like you have a speedometer in your car it works like a speedometer on the chart so it will tell me whether the trend is going fast or slow should i buy more should i sell should i exit should i avoid it so that's the speedometer these are the tools so and there are hundreds of tools hundreds and hundreds of tools so i believe that what we learned from our coaches earlier when i started i was doing too many tools and then i learned from one of the best traders in the world called larry williams let's go deep not broad as in like learn master one tool and our specialization is in rsi which is a tool which tells us the trend up or down which i use for the day trading also which i use for long-term trading also which i use for options trading also and futures trading i can use


options trading also and futures trading i can use that on crypto also so it's a tool which will tell you the speed of the market got it right and if you want to make money if you want to be in the right stock you need to check the speed of the market is going up or down or sideways there are three trends so if you want to buy you have to see the stock which is going up again in that if i go further the charts which are seen is like a daily chart weekly chart and a monthly chart if i'm a long-term investor and look for a few months down the line i'll look at a monthly chart if i'm a short-term trader i look at a daily chart okay i want to trade for five days so i need to see that tool on the daily chart that's that's what basically means by tools and there are many of them but select any one of them this we have not developed these are done by so many people in the past it's there since


by so many people in the past it's there since 50 60 years we just have done some more improvisation on that make it more simpler our main forte as a mulkans you training institute the usp is simplicity and i learned from one of my again one more coach is that he said this nice statement says if you want to impress someone make it complicated if you want to help someone make it simple so again a average indian thinks of stock market as high risk yes and even after you use the tools there is a risk but the risk is minimized a lot once you learn one tool really well yes so maybe the first step before you actually spread out your ten thousand rupees is understand what tools are available probably do a course like you guys have a course as well yes with lots of them yeah in fact uh we'll offer one free on your channel you can just go there and select one and you'll get an access to a free course which teaches you the basics of stock market


course which teaches you the basics of stock market why do you have lots of them like in terms of why do you not just have one which says okay it's like you go from a normal mbbs to a heart surgeon to a next level like you need to go to the next level some people just want to do as a part-time thing like okay i'm i'm having a my job i want to have a business i just want to do parallelly trade some people say i want to switch like she switched completely so then we need more tools to understand options we need to understand futures every this instruments are different their market movement or what we call as volatility is different so we cannot apply the same indicator on the same tools same instruments so we have to have couple few of them and then it takes time to master them so we have a one-year program also but we have a two-day program also so that's do you think ma'am that again because you come from the psychology aspect of things


again because you come from the psychology aspect of things and you know you switch from law into this in the same way that there are some people who are better batsmen than others are there some traders who are better traders than others is there some natural talent also that comes in or can everyone become a virat kohli of trading there are some people who are better trader than others and you can invest better take better decisions but what separates them is not natural talent what separates them is the work that they put into into this thing you know learning into learning because you have clearly seen more than 12 years we've been coaching people into full-time trading which means we have this one-year program that coaches them on all the four steps so one stock thing that separates the two kind of people you know people who do really well and take the maximum advantage and make more money versus the people who are there but they're not able to cope up you know they're not able to make money


cope up you know they're not able to make money in spite of you know they wanting to do that is the category one people they really put in the hard work they read the books we ask them to read they do those exercises i mean they're fully present in the course and they give it their hundred percent could you guys recommend some books just for the average listener right now of course we would like to first recommend our own book we have published a book called hashtag hashtag which uh has my 25 years of journey in trading plus four tools explained in detail plus six stall words of the industry interviewed in them including ramdev agarwal and dr van thorpe dr c.k naren have been interviewed in that that's the first book that's our book and there are few books which i would recommend is called technical analysis by john murphy he's a legendary uh author and great stuff simple language then there's couple of one more book called trading for a living by alexander elder and there's one


for a living by alexander elder and there's one more book called if you're into short-term trading then long-term secrets to short-term trading by larry williams and there's one super book called super trader by dr van tharp so i think if you read these three four books uh you'll get the gist of what we are talking and get a fair idea about markets coming back to the kid was 10 000 rupees because i feel we didn't completely address that question because i i love your knowledge so i also want to take you on tangents but you said that with the 10 000 rupees initially learn a little bit about mutual funds mutual funds are another way to kind of reduce your risk at the same time make money off of the stock market so would you say like put 3 000 to 4 000 rupees in mutual funds out of that yeah i think uh you can put yeah three to four or maybe five thousand also because while you're learning equity equity has a chance of loss and


learning equity equity has a chance of loss and you will have your fumbles and you'll have your blunders also to understand so it's always it's always good to do mistakes with small money right so when you do those mistakes and you also consider as by learning you are also paying some fees to the market to lose money and understand the market no matter how much you learn from our courses you are going to still lose money in the market that was your teaching fees for the market so 50 mutual funds and fifty percent equity and in equity will stick to as of as amount is small you can't do future as an option which is slightly on the higher capital requirement then you can buy one share also in equity like you buy one share of tata motors or you buy one share of tata steel and that gives you the like you are just stepping into the water and test the waters and slowly slowly you can build portfolio and that's and i i again encourage we


portfolio and that's and i i again encourage we have this youth uh thing coming up very soon and we want to highlight this thing that youth nowadays i see mostly they spend so much money on video games and gadgets and iphones and all that and the same money if they try to put into some investment and learn this skill that will be a great benefit they'll have a strong foundation you know what for us to teach a person who's 50 year old is big pain because it comes with so much of baggage and preconceived preconceived notions about chalk market gamble and they are not easily coachable of course i'm not saying about everybody but it's difficult but if you coach a teenager who has no like a plain background and a clean slate i think it's very important and very powerful for them to put the right foundations and as he said the right belief system has to be put into that stock market is not gamble it's a systematic approach towards trading and investing and


a systematic approach towards trading and investing and if you do it right you can make a lot of money so with that belief system that kid has a bright future to understand and then get into the i believe that we have this teen success pyramid if i can talk about that three things which needs for a teenager to get successful and uh one of them is the belief what do you believe right now is that there's a power of subconscious consciousness what she's talking about the habits of investing and saving at an early age and many other habits like reading is one number one habit of all successful people i'm sure you are also the one we are also one so that habit and on the top is the skills learnable skills stock market is a learnable skill high income skills so if these three things are in place then the success comes let's say there are so many people behind skills oh i want to learn this strategy i teach my rsi teach me advanced options and all that but your


teach me advanced options and all that but your belief system is not right or your habits are not right you are not going to make money with the same strategy as she said some people make money some people don't strategy is the same you're going to buy at the same level and sell at the same level so why most people are not able to do it because they don't have the right belief system which talks about the mindset part so coming back to what you i mean i have to break down the 10 000 rupees okay what do you invest in the stock market um you mentioned tata steel and one more company tata motors so uh i'm sure you're not you're not recommending that exactly that's what i was saying it's not a stock recommendation i just gave an example yeah that's that's but can you explain the logic behind the example like why you gave these two companies versus okay so if i look at the technical part of it when i look at the charts of when we look


when i look at the charts of when we look at the charts detect the graphs of tata motors or tata steel then i go into the detail that where the monthly charts and the weekly charts are bullish right now isn't it going up as they're going up right especially tata steel right now so that means i will invest in that and also it doesn't mean it's going up then it will go up forever so i need to decide when it goes up i'm where i'm going to buy and if my analysis goes wrong based on the tool and indicator where do i book a loss if those two things are clear then i will invest and then i'll wait for if it goes up i don't need to worry about it because profit is not a problem loss is a problem like that you identify more stocks and this will keep changing as the market change let's say six months down the line tartar steel comes down starts coming down and infosys starts going up then i have to switch from here to


going up then i have to switch from here to there always try riding the green waves yes absolutely that's the best quote like you you spot green waves and then think of where the next one is and you pull your money out of maybe a less um a less kind of steep green wave put it on one that's more steep yeah yeah and that's what you always bet on australia not kenya or the team inform if india signed a win a lot you say okay wait now india's running more than australia you put your money there yes something okay cool um and again this is going to come through observation also so after you've learned probably the kid has to like observe the stock market um how do you improve that observation skill do you watch all these tv news channels do you watch youtubers that's a big discussion of course we both have been really regularly appearing on channels the top channels business channels but at the same time it's it's again like youtube that's too much too much information like


again like youtube that's too much too much information like let's say i'm on tv and i'm talking about a stock and i say buy this xyz stock and my perspective is for the next five days you are looking to invest for the next one year you are listening to me so you got the wrong information right and it's all haphazard manner so in fact as a rule in our programs we give it a strict instruction not to watch tv not to watch any news channels or any not nothing against them of course i appear on them but it's like you get lost in the information maybe once you're an advanced trader then you can work then you can actually make sense out of it as a beginner you will think oh he said then i should buy but he's talking from a short-term perspective maybe for tomorrow only and you are thinking i want to invest for one year so that that is not clear because that that is not the time they have to explain on tv that okay this you should buy for this


on tv that okay this you should buy for this many period they're just talking about tomorrow and day after that's the thing ma'am so what did you do when you began observing instead of watching news channels when i'm sure your husband was watching news channels because you know he's he was an advanced trader when you were just starting so how did you observe so i basically used to observe only from practice so i used to kind of you know get homework from him every day that this is your homework for today you need to there's something called as when you when you're trying to learn uh a tool or a strategy or a method or a system what you do is you have to go back into the past and you have to check it how it works it's called back testing reviewing your own work yeah so you have to kind of figure out that if i have to have the system to buy at this point how did it work in the past because technical analysis is like you know studying the history


because technical analysis is like you know studying the history you're studying the past when you study charts you study the past right so basically it's that kind of work that you have to do keep on studying it more and more when you say go deeper it means exactly that put in more hours of study of how it worked when the markets were up how it worked when the markets crashed so that's exactly that's the more number of hours need to be put in there that's when your expertise comes in got it so say the kid again coming back to that kid's example where he's invested in two stocks yeah i was just coming there so if suppose you know if the kid is studying that this is my 5000 rupees and these are how do i put it which stocks do i put it in so that's one you have to do where suppose you are studying with rsi for instance what he said is so if you have which is the best talk that shows up best on rsi on discount


best talk that shows up best on rsi on discount you have to go back and study put in hours of analysis which is the best stock to buy if you get five best stocks and if i just have five thousand rupees i just need to invest in one stock so which is the one which is the best out of these five so that kind of requires and this is why people don't get into it because it's a lot of work right it's a lot of you know you have to put it in hours yeah like you have to just stay active ready to pull out your money from one place put it in and you have to do the work you have to go and analyze and do it yourself so yeah so the other thing which comes up with the stock market the common belief it talks about easy money and quick money so we get so many requests that do you have an advisory service like there are so many advisors just send you a message buy this and sell that so we said we don't do


this and sell that so we said we don't do advisers we teach you once you learn you can do it for the rest of your life we are giving you the fishing net not the fish but most people refrain because it requires that kind of work what she's talking about and in that work also you'll fumble and you lose money right but then you learn that skill for life long it's one lifelong skill which you can get and stock markets never get shut even in the pandemic not a single day stock market or short it's the only online income which you can do completely online learn online trade online make money online so and nowadays thanks to this pandemic so many people have woken up to the stock market thing because it is online you must be seeing so many ads coming up on channels and tv and all that about markets but the problem is right now the markets are going up and everybody's buying it's like what happened to me in 1995 96 markets were going up i


to me in 1995 96 markets were going up i was buying and i made money and i thought i'm a genius only to realize when it crashed that i'm not a genius it was my luck so the same thing will happen it is a cycle its market goes up and then goes down when it goes down at that time if you can put a stop loss or you can exit and you can make money then you are an expert otherwise in a bull market everybody makes money does history repeat itself in the stock market i would say absolutely yes but not exactly in the same fashion if you see the crashes which has happened in the past week 1992 or 2001.com bubble or 2008 the subprime crisis or the 2020 the covet the reasons are different but market did crash for some of the other reason and in that crash how you can protect your wicket which is your capital that's where the key is right so again i'm going to boil down some of this information from


going to boil down some of this information from an amateur perspective and this is combining some of the stuff that the karma brothers also told me with what i've learned through you guys um initially you put in a lot of work to study to learn to do courses become very equipped like you know go to your gym go to your mind gym for the stock market yes when you're actually beginning to trade you reduce your risk a little bit by putting some money in your mutual funds or what people call low risk options then job but like the money that's remaining you put it in the stock market in tiny tiny amounts yes and through those tiny amounts you'll get some sort of learning you'll understand how things work and you shouldn't look to make money initially you should look towards making mistakes and quickly learning from those mistakes yes okay would you add anything else to this strategy okay and one more thing i would like to add is give some time to yourself give a horizon


is give some time to yourself give a horizon to yourself like that okay i want to be an expert in stock market in the next one or two years that it should be a one or two year timeline minimum it can take longer also but if you think from it don't think that i'm going to of course we may do a two-day program or a three-day workshop but that doesn't mean you start from the fourth day and start making money so i'd like to add one thing like you said give time with a sense of belief that i'll be able to absolutely absolutely that's the most important part that's her job to put that belief in your mind that okay you can do it so when we do this workshop it's less of technical and less of strategies it's more of the mindset that first believe that okay it's possible it's a scientific way to make money and you can do it it's learnable skill and if you sustain for a period of time you will make money that kind of


period of time you will make money that kind of belief system gets into your head then the strategy will work hey guys so that was part one of a conversation with mr and mrs malkan that was all the basics in part two we take on your questions from twitter we take on slightly advanced concepts when it comes to the stock market and we talk a little more in detail about making money through cryptocurrencies versus making money through traditional means like the stock market look out for part two [Music]


welcome to part two of our very special finance skills episode of the runway show featuring mr and mrs malkhan experts of the stock market in part one it was all the basics all the nitty gritties you have to go through as a beginner but it was all about your questions which you sent in through twitter lots to learn in part two it's a little deeper i do recommend you watch part one of this conversation before you enter part two of this conversation but i'd also recommend that you follow us on spotify the ranvi show will soon become a spotify exclusive when that happens the audio versions of our podcast will be available only on spotify the audio versions of each episode will be available 48 hours before the video versions that you see on youtube make sure you follow trs on spotify for a lot more information for a lot more learnings for a lot more life skills that you come across on trs some financial learning some life skills on this part too of a special conversation with mr and mrs mulkan


of a special conversation with mr and mrs mulkan [Music] i have to highlight this aspect because it's a trend right now uh and i also have some money in crypto uh but i also have some money in like traditional finance like most of my money is in traditional finance and that's that's the safety of it that's a tried and tested thing there are regulations uh that's where you should actually multiply your money but what would you say about crypto as observers because you guys know the stock market and crypto mimics real world money right a lot of it not all the currencies but for example bitcoin is built out in the same way that gold was accepted by human society right so what are your observations from the outside so if i've been following crypto since a long time since the time it has started and usually for us it's like looking at a chart whether it's a bitcoin or a gold or silver or nifty or bank nifty is the same for us like you are looking at the ecg of a


us like you are looking at the ecg of a person and we know that it's going up we also know that it's good but the only challenge at least in india is not fully regulated as much as we would love to like what is in the west the second there is some kind of uh limitations on there's something called long and short like you go long you buy and sell there's something called a short which we do in futures and options you sell and buy you short at a higher level and buy lower which is not maybe allowed in many of the apps which are there on crypto right now so i had this uh analysis of crypto few days back and i was telling some of my friends in us that you should shortcut short bitcoin means you sell at a higher price at around 55 and buy at a lower price but somehow in india it was not able to do it that's why i would say something which is not fully understood fully regulated or fully don't understand the logic behind it should be


fully don't understand the logic behind it should be avoided once you start understanding it then in playing crypto especially it's very crazy right now with the youth is like you're going to playing a world cup without playing the gully cricket you first trade stocks you trade options futures you have enough things to trade here ultimately when you look at the percentage return ultimately it drives down to whether you invest 10 000 or one crawl you're looking at percentage return so percentage return if you look at let's say bitcoin went from 30 000 to 60 000 in last six months tata steel also went to more than double than that from 400 to 1200 it's just sexier talking about absolutely more popular right so and like that there are so many stocks in indian stock market which you actually understand it's regulated by indian government or what we call sebby and it is doable some crypto is something fancy which we don't understand maybe but we want to do it just because it is fancy so i personally


it just because it is fancy so i personally have refrained from trading it but i track charts and i can do an analysis of crypto as good as i can do for a tata steel so i don't think if you are looking for a return in pers in terms of percentage indian stocks are much better to trade and plus nowadays as we also been calling since last six eight months in our programs that we are starting a bull market you know bull market comes once in five years and it lasts for three to four years like you saw a bull market in 2004 you saw a bull market in 2014 and now it has started after the covet thing although it looks scary outside but the market says something else if you've seen markets have been rising because it sees the future it's a leading indicator market gave a reaction of kovid once bad like last march 2020 but since then it's been on an upward trajectory so if you look at a bull market you can really if you can capture bull


bull market you can really if you can capture bull mark one bull market in your life that can make you a fortune how much money would you need as capital to say make a crore from a bull market if you if you have skills if you have important hard work okay so that can be uh i have to put a disclaimer that it's not for everyone you need that skill you need that knowledge and you need that uh kind of maybe also kind of flare flair or grit to put money in the stock market and hold on for that long if i look at let's say even if i put money in metals right in the last six months or eight months i would have doubled my money so if i have to make a crore i have to make 50 lakhs in six months which is a good return now let's say if i trade slightly uh more uh exotic instrument called futures and options there i might have to i'm i can make a crowd out of 20 lakhs also but then that


crowd out of 20 lakhs also but then that requires that kind of temperament to hold and have the strategy and it has the risk of going down also but broadly only equity based if you see so many stocks have doubled or tripled in last six months to eight months or even in last one year so if you take a gauge like 25 to 40 lakhs if you haven't you want to make that crore it's much easier in a year if you have a longer time frame you can have multiple like ways to make money by mult switching in and out of stocks maybe you can even start with 10 lakhs and after five years you can land up to become a crowd party wow it all comes with a disclaimer right it looks very very very kind of what you call sexy or very very attractive but whoever is listening this is not the way you have to think right now you have to think about how i can learn you should be hungry for learning learning learn stock markets never


should be hungry for learning learning learn stock markets never going to close in fact more markets are opening as a youngster you first think about how can i get this skill right then the rest of your life you can make money so what will happen if that number of four percent of indians take on the stock market goes up to 40 or 50 how will it affect the market forget about 40 if it goes to 10 there'll be huge inflow of money in the market which will come to the corporate companies and they will grow like anything and the whole country will go like what we are talking about super power india becoming super power by 2030 that one thing which i just you said is important that four percent has to go to ten yeah yeah four percent has to go to 10 or 12 or 15 then then nobody can stop india because the number of youth the population which we have is incredible right but for that the way you think about stock market has to change yes it doesn't have to be


market has to change yes it doesn't have to be that risky or juve gamble or whatever you like if you go in educated you're actually helping the company yeah that's fun i've got to move on to the q and a's because those are the questions sent in by all the stock market aficionados so this is from our twitter verse which lately has become a hub for like financial knowledge and learning in general definitely it's centered around crypto but if you actually explore twitter you'll find a lot of people who know other aspects of finance well okay so this is our twitter verse round uh very simple question first suprit k asks is stock market for everyone yes is it not for some people i would actually rephrase that like is this any kind of personality type that shouldn't be in stock market according to you the person who doesn't want to learn lazy lazy if you're lazy don't take part okay what do you would you agree with them hundred percent uh so okay kush rajput another very wide question


uh so okay kush rajput another very wide question but i'm gonna ask it anyway how to select a stock second part of the question how to make a profit off of a short-term investment okay how to select a stock is basically you check the rsi which is relative strength index of course i can't explain it right now but there are so many videos there it's i give you a kind of a thumb rule rsi is like a speedometer between 0 to 240 is your speedometer this is between 0 to 100. if the rsi of that stock especially if you're looking for short term that means you're looking at the daily rsi is above 60 you buy that stock within few days you can make that money and that okay cool so you answered i think both the questions sir um okay this is interesting aniket panchal asks information about the tax system with respect to the stock market how do taxes work with respect to stock market okay there are only basic three uh three tax slabs one is the short-term trading


uh three tax slabs one is the short-term trading one is a derivative trading and the long-term trading it's very basic you just google it and you'll know it it's changed over long term is like 15 like if you hold for more than 365 days and then sell it you'll have to pay 15 if you're doing derivatives it's like a business income you have to pay 33 of the tax so that's that's basic stuff got it um what app do you guys think is the best for trading in stock market this is a question from arnab like or other apps like okay there are many apps if you are looking at analyzing the charts the technical part then uh investing.com is the best and as far as trading i think any broker who gives you a good app like even you go for the main brokers like motilal oswald or share khan or angel broking or you go for the discount brokers like you have zero da and up stocks and grow although we are not affiliated with any one


and grow although we are not affiliated with any one of them but this is the general in for main broker versus discount broker what is our discount broker where it's like uh cheap brokerage where you can trade for really very less brokerage there are some maybe pros and cons of each of them but nowadays everything is at par so you see so many ads up stocks and zero that i think to start with they both are great they also say this is the age of fintech suddenly and are you guys also seeing the difference that fintech has made like financial tech i'm guessing there's more money absolutely because it's become so much easy like you just it's like using facebook and you're using an app to buy and sell i when i was in 1996 this was i used to draw charts with hand on on a graph paper to analyze the chart and one chart would take one hour so i can at least do five only now you can look at 50 stocks in one minute so i think it's great okay


stocks in one minute so i think it's great okay uh next question is from sanjit keswani is from our team um will artificial intelligence play a role in the stock market going forward according to you guys it is already playing a role to some extent where we say or i'll go trading and all that but to a common man i'll go trading is not that you just have to trade one or two trades in a day or a week or something like that algo trading is mainly for people who have high frequency trading with big numbers especially like a big fund house or a hedge fund and all that so but whatever it is let's say even the algos are trading and the big people are trading the fires and now everything is captured on the graph so if you know how to analyze the graph you can trade and you think you can teach a machine how to analyze the graph yes there are certain systems which we teach like say okay you have to buy about this or sell about this you


have to buy about this or sell about this you can program it and you can even run it automatically right so especially if you want to handle multiple markets so let's say that i'm the single person and i'm trading crypto also and currency also an equity also so i can put some algos somewhere they can take care of certain stocks and certain stocks i can trade so yeah that definitely but as a beginner or a youth investor or a youngster it's just start with the traditional way of trading yeah so in my final year of college my optional subject was neural networks which is ai and my project in my final year was designing a stock market predictor all right yeah and we put in hours into it hours and we studied how stock markets were we had a financial expert guiding us he was a mentor like in engineering in your final year you have one finance or business based subject so that gives a mentor along with the second mentor who is an ai specialist now the ai specialist the


is an ai specialist now the ai specialist the finance specialist and this team of pretty active and smart like we had a smart team we still couldn't crack it because it was a very complex project and the finance guy was very hopeful about it because of the whole team but it just wasn't yeah it still wasn't on point also to really train an ai takes time like it takes like three four years to really get a good quality a i mean so i i feel like maybe this is a business model for the future like 10 years and 20 years and people will be selling algorithms yes it already is it's it's already people are selling algos and systems is it is it accurate yeah see there are still there is some kind of human intervention required if there is some kind of you see you must have seen some flash crashes crashes in the market like a dow jones goes down thousand points and comes back again because that was an algo which didn't go right and it created a lot of


which didn't go right and it created a lot of losses in people and it has happened in indian market also a couple of times so it's still at the i would say nascent stage and needs that kind of trajectory for a few years to grow how but okay say if we are living in 2050 how do you think the stock market will change with all this ai inbuilt i if she can answer that because uh the human emotions are not going to change hope greed and fear and you're going to behave in the same manner when you are into greed hope and fear and the patterns will keep repeating it's been there since 100 years what we are using technical analysis are very old science right so it's still working and it's getting better actually so if you have the right technical knowledge whether it's 2050 or 20 you can sail through the market even if you're in a general parlance from the common man's point of view if you talk in terms of scams a scam that happened


in terms of scams a scam that happened in 1992 mata scam that we're talking about it's a similar scams that are still happening you saw the satyam thing that came out you know it's a similar thing why do they keep repeating even after decades because it's a human beings it's a human emotions that come to the forefront and cause you to make the same mistake so even if the world advances the fintech you know whatever changes that we see in ai whatever terms but if it's us humans who are part of it we're going to be repeating the same things again i think the way i look at it people will build out ai algorithms basically robots which are like your friend to kind of co-invest with you in terms of you'll have like someone suggesting that will happen that will be interesting that would be interesting uh and again i've read i've been studying ai for the sake of one of my startups and we have it is definitely going to


startups and we have it is definitely going to steal jobs away from people but there's a long way to go it'll change things drastically into the investment world as well yeah yeah there's an author called you are noah harari who i'm a like i'm the biggest fan of and uh his book is sapiens and uh 20 21st uh 21 lessons for the 21st century we keep bringing it up on this podcast and the criticism we get for bringing him up is why are you repeating stuff from those books because if you ever read those books you'll understand how much information is in that guy's head and how much he's been able to predict because of his study of history like what he said what patterns are beating emotions he's also predicted the future based on like studying history and he's spoken a lot about ai stealing jobs but not in our life lifetime so what comes out of this conversation is that you have to constantly upgrade your knowledge yeah what what brought you here will not take you


yeah what what brought you here will not take you there so you can't we also learn a lot now although we have been teaching but we also learn because market changes the behavior of the market changes new instruments come new rules come and this like new thing crypto has come so we study we have to keep upgrading our skills all the time and also uh there's something called as one is called informative education and one is called transformative education informative is like you learn about a subject like a technical analysis or a or a maths or science you study it you master it a transformative education what she deals with you have to deal with your own emotions all the time you cannot say i've mastered my emotion 100 so that constant motivation coaching because you always go through challenges and you bring down your motivation you lose focus so you need some guidance so we keep going back to our gurus like tony robbins and many other people who have been coached so we continue this the main thing is be a


so we continue this the main thing is be a lifelong learner that's the message i would like to give to the youth also that no don't stop at your formal education keep growing keep learning keep growing keep learning asks i think ma'am you should answer this how should one cope up with a bad trade what's the mindset after bad trade ah i love that so bad trade is nothing but you know when you talk about trading as a business we just mentioned that so business may there is when you do a business there will be a lot of you know whole variety of situations that you will encounter in a business sometimes you'll make profit sometimes your production goes cost goes high and you don't make as much profit so it's like when you take trading as a business it's like you have to be prepared to encounter every situation that a business encounters you are not going to shut down your business just because you had a small loss you take it as a part of your business so that is


it as a part of your business so that is what we call as you know when you make a loss what we teach is loss is the cost of doing the business of trading there's no other cost right you don't need an office you don't need anything you can even trade from your mobile phone these days but what is the real cost is your loss that's that's what the real cost is in that moment how would you ask them to bounce back it's like you know when you make it as a process what happens in a process is process driven and what the best way that we explain it is like you know just that when you're trading with a system or we're trading with a method it's like the method and the system is making money for you it's like you know you don't say i made the money you say my system made the money my system made the profit and my system made the loss in you know in real life uh real life analogy in spirituality there's a term called


real life analogy in spirituality there's a term called surrender you just need to surrender right to the highest to the highest good it's like in the trading world you need to surrender to your system once you develop a good system and you know you have a system that suits your temperament and it's good for you to go with you surrender to the system let the system do its job of making money or losing money all that you have to do is you have to focus on following the system that's all again through a lot of learning through mindset building which is what needs to be highlighted okay uh this is a question from raghav from our team uh could you all expand on u.s stocks investing in u.s stocks sitting in india uh it's a hot topic currently in the whole uh world of finance i think individuals have just woken up to the fact that we can investigate yeah i think uh that's possible u.s stocks through certain brokers we can trade in u.s talks and


brokers we can trade in u.s talks and you can have a limit to a particular amount of money which is substantial for a common man to do it and it's like for us if you look at if you show me a graph of let's say apple or if i look at the chart of uh say something called reliance for us the buying decision and the selling decision is based on the same parameters as so if you can if you see an opportunity there where the stock is in a super hyper trend and you can make money definitely you should and it will be another kind of an instrument or set of instruments where you can trade and make money so stocks anywhere in the world if you can trade the analysis remains the same that's why we said technical analysis is a global or a universal study it's like when you study an ecg let's say if i look at an ecg of your ecg or her or her his it's the same thing i'm going to analyze i don't look at oh


i'm going to analyze i don't look at oh he's runway or he's she's magna it's like the chart says buy means buy oh it's apple then buy oh it's reliance then buy so that way it is a universal study and that's the best thing if you are relocated to some other country later you can trade that stock market as well and the same thing for commodities also now if again we're coming back to crypto party but if you look at commodities like the copper the silver and the zinc and aluminium they have also got ups too much and there also is an opportunity to trade you can trade that market through mcx it's a multi-commodity exchange so once you learn this skill of technical analysis you can trade anywhere in the world so in the same way that people have gotten introduced to the u.s stock market and you mentioned mcx yeah what other you know options do you have in terms of where you can diversify using the same stock market skills the same stock market skills


the same stock market skills the same stock market skills you can use national stock exchange which has the normal equity it has the futures and options these are the three different types of instruments then there is mcx which is a multi-commodity exchange where you can trade in silver and gold and copper and crude and all that then you have this u.s market through a couple of brokers where you can trade the u.s stock markets and then you can trade commodities there in we call it the nymax or the the c-mod where you can trade gold and silver in dollar terms but both are broadly the same because if it goes up here it will go up here also and there's also currency and then there's currency market which is the usd inr and few of the currencies are listed here and you can even trade international currency what we call the forex now uh i again it becomes very fancy okay i trade forex and it's a 24-hour market and but at the same time the time is there so


but at the same time the time is there so you have to keep tracking the market throughout the day throughout like 24 hours almost so when it comes to indian stock market you have that liberty by 3 30 or free and you will go to those other markets if i have to trade ultimately you want to make money right so if this markets indian markets are saturated and they are not going anywhere like a developed economy we are a developing economy so there will be growth sectors and growth stocks so that is enough for us to trade rather than going some other stock where we don't know what timing at two o'clock in the night you're changing your stop loss and orders and all that so at one point of time like few years back i used to do all that it looks fancy and feel that great high that okay i'm trading all around the world but i said oh i have a daughter i have to look doctor i have a son then i have to look after him also i have to


i have to look after him also i have to play with him so let's focus on indian stock mark at the most indian commodity markets and then go outside if you have that huge money like you go into hundreds of crores where your indian market is not enough to take that money as a depth then you go to the other current currency market or whatever market is otherwise for a common man indian stock market right now is like a gold mine if you just need the mining skills here's a slightly hardcore question again from me now when you were when you were talking about you get support from your partner so i was trying to draw it into your lives with stock market and i'm sure you guys because you'll have experience now you have settled down in the head in terms of you're very calm with your process that's not the case when you're young you know like when you're young you're very fiery in the head especially if you're doing something like you're trying to get uh you know


doing something like you're trying to get uh you know success in the stock market and i understand that uh you'll get support from your partner you'll calm down and you'll kind of be more well-rested to go back into the stock market and become more successful the question to you is that is there a certain level of creativity required in the stock market because i feel like even creativity gets refueled you know through love have you read napoleon hill no that's what he talks about yeah so he yeah there is certain amount of variety or creativity which as a human mean you need and i as i said in the past that 95 percent of the people who trade stock market they trade for that thrill or variety moment because that gives that alternate rush right so i would say that to have something creative or something different or that thrill part you do something else but not stock market stock market is systematic so stock mark makes stock market like a process driven thing and very very boring wow okay and once


thing and very very boring wow okay and once it gets boring then the real money will show up like like let's say if have you seen people like have you seen people like who uh who must have seen like oh i made this money oh i told you it will go up oh my god that is that is the guy who's for thrill like if you ask warren buffet you made millions of dollars like i is he excited oh that's my normal job it's boring i'm glad i did this episode with you you're giving like some crazy content that's probably not out there as much uh again i i just got to learn so screw the content i mean don't screw the content please share it uh okay um another interesting question from shivam kapoor are you guys familiar with blockchain technology so okay some part of it yeah i think the question is from a basic angle only um do you think there is an application of blockchain technology in uh the stock market going forward and can companies


in uh the stock market going forward and can companies in the future get money from people using blockchain tokens instead of ipos yes we have heard it from many people that the future of currency is the tokens and that nfts and all that but till the time it doesn't get real i would still try to explore it not completely negate it also at the same time i'm open to learning it let it come and it will have its own time and we'll have time to explore do you see it coming yeah we as we have we are following certain coaches and certain trainers in the us and they have been very vocal about it that this is going to be the future like you look at gary vee he has started his own tokenization that we friend something so of course there is some logic to it if some so many big people are putting head into this there's some logic to it but i would say rather than uh trial and error or rather than ex predicting something let it come to us


rather than ex predicting something let it come to us we'll explore it it's another market maybe it will open up new apartment i see it as an opportunity and we'll grab it ayush gautam asks i've heard experts saying intraday trading is the game of experienced professionals and it's not meant for everybody how true is it should a beginner or amateur start day trading what are your thoughts okay that's a great question i would like to give a proper guidance to people who want to do intraday trading intraday trading is again like that thrill ride which you are having because you get that rush of making money in few minutes if you take it systematically and professionally with the proper system it can really make good amount of money but it requires tremendous amount of temperament now what is that let me break down that let's say an intraday trading versus a long term trading intraday trading within that span of six hours of market you have to decide to buy


six hours of market you have to decide to buy sell not to buy not to sell partially buy partially sell is your brain capable to take that many decisions versus that one decision which you have to take in a month to buy or not so if you can have that split second kind of reaction and can that kind of what we call in qriket we call it reflexes then you are meant for intraday trading maybe you using one particular system and making good money in intraday i using it completely can fail because i don't have your temperament and most people as a beginner will not have it whether you are a 2020 player you still have to go and do some net practice and some play some ranji trophy and all that so you have to get your hands through then only you can go into intraday so i would not suggest as a beginner or a startup you should go into intraday first learn the basics through a short-term medium-term trade once you get the hang of it


medium-term trade once you get the hang of it then you can take that decisions then you switch into intraday and psychologically also what happens is intraday is more number of decisions the more number of the more amount of fatigue your brain goes through right so that's why it's like you know intraday traders they have faster burnouts wow you see them they have short-term careers because a burnout happens much faster more number of decisions short-term goals why it's the fatigue that takes over right it's the brain fatigue that takes over if you read dr amen he talks about you know the number of decisions that your brain makes per second intraday suppose even if you take two traits that's like way too many decisions that you're making compared to a longer-term trades so that is like more fatigue and hence the shorter career here wow it's it's so personality-based it's so much psychology that's right that's what we say that it's 80 of it is psychology systems can


that it's 80 of it is psychology systems can you believe it the best system that makes that has made us so much of our money and for students as well it's free on youtube it's free you just see that system there the best running system but how many people are able to make money from that very few because you need that psychology to you know follow that system consistently wow beautiful uh which is why from the outside looking and i admire my brothers nikhil and nitin gamut these two guys they're famous for their temperament yeah they are yeah so and then once you hang out with them you come to realize that they're just different guys cut from a different cloth so anyway um okay sharshwat shagun pandey asks um can we use mutual funds where money is invested by us and is handled by professional traders to generate higher returns i'd also probably add a pms firm uh kind of angle you like again if if you're on like say for example someone in a media


you're on like say for example someone in a media industry where you have a lot of things to do where you're supposed to put your energy into creatives should you rely on pms firms and mutual funds too i would say that uh it's like you when you put in my put your hard earned money with an expert you have to do your due diligence properly on the expert on the expert right because and the same expert can also go wrong and if you are sticking to an expert you have to stick for a really long time because every expert will also have a bad year it's like a bad form without kohli will get out at zero certain times that doesn't mean he's a bad batsman but he's in bad form the same thing can happen to a trader or a mutual fund expert also my strong suggestion would be is to un learn the thing yourself and then hand it over to someone then you can also note that where he went wrong how yes otherwise the mutual fund will


he went wrong how yes otherwise the mutual fund will come and guy will say oh you lost money so and you say oh you just you can't do anything about it and you said okay my bad luck but once you know the market and then you hand it over to someone then you know what he's doing whether it's a really a bad trade or a bad decision or it was just a bad judgment so then you can cope up with that you can modify as per your so say so if you dedicate one hour of your day every day um for a year will you be equipped enough absolutely yeah 100 that's great and actually everybody should do it at this moment we are on a bull market we have so much of youth population and especially nowadays work from home is so so rampant so you have some time if you just spend half an hour one hour a day to learn this skill within a year you can go leaps and bounds and there's so much of information available whether you talk about paid


so much of information available whether you talk about paid courses or free courses but you can really learn a lot so there definitely it should be a mandatory like i would like to if it's my power i put a subject like stock market in school only one period every every day you have to learn that will make a big difference in youth yeah i think i think it's not that crazy or thought what you're saying maybe in 30 years 40 years time we might see that because again if we work in the creative industry we're seeing how much of a lack of skills there and we have to teach everyone the skills in office right rather than that if you teach kids those skills it'd be beneficial for their minds also they'll be happier people growing up imagine teaching a kid creative writing like good creative writing how much of that kid's traumas can come out through his like creativity yes or again if you teach a kid meditation is part of the physical education what can that do for a child's


the physical education what can that do for a child's brain basic question chanu jain asks if you're not from a finance background and if you have zero knowledge about it where can we begin learning about it click on the link below we'll give you a basic course right right from zero we learn a free access to the course which teaches you what is technical analysis what is a chart and what is rsi what is candlestick right from basic uh do you also have regional language courses i usually use english like hindi and english so that's the two languages we can got it got it got it um from the content world regional is going to say boom in the next 10 years over the next 10 years not like right now it's mainly indian english but other languages suddenly starting to pick up in terms of content that's what we're observing yes yes that's that looks geo geos reached out like two corners of the country you know that's what i like about the world of business and just industries in general


the world of business and just industries in general it takes one gutsy move for the whole industry to pick up their game and then change culture absolutely yeah another question from me actually like what do you learn about human culture after trading for so long in the stock market about human culture not human psychology okay so culture is like uh indian culture if you talk about there is too much of since we have come from slavery from the britishers so we have this scarcity mindset one second we have this mindset which says too much money is to not not too good if i have too much money i lose it or if people who have too much money have done something wrong so this kind of thought process like if you talk about in india if you say i want to be a crorepathy or i want to be a millionaire your your parents will say okay sit down you can't be you can't you are not an ambani and all that but in the same thing are you in the west a


in the same thing are you in the west a guy or a youngster will say i want to be a millionaire okay great what what help do you need so that's a big difference between the cultures and the thinking process which needs to change because if you love money if you make more money it doesn't make you a bad person you know and i'll tell you the business angle of this what you're saying uh is that most businesses in the country start with only saying okay i'll become national level they don't look beyond that because they don't have the guts to say i'll go to even usa and africa and i'll excel my stuff there right so i think this country needs guts more than anything at this stage and it's it's possible like one thing i've realized from the podcast and from doing some international business is that we are more than capable in terms of on an international level so for example like when we were researching about ai and how to incorporate ai into our startups our


and how to incorporate ai into our startups our assumption was that the american guys were good with ai are way better than the indians we found out actually the indians at the same level it's just that there isn't enough opportunity here and there isn't enough of an arena to showcase so next 10 years again if there are young entrepreneurs listening to this which i'm sure that there are like aim for the moon like aim for an international stage uh it'll change everything and i see that happening over the next 20 years prashant parabh asks about covert specifically during the pandemic why has stock market remain positive and maybe some post covered predictions also according to you okay so i had done a video on the covered analysis and why markets are going up on after the covet so we when the covert was hit first time in the in the 2020 and during february march we had a huge crash big crash that was one of the biggest in the history and that was because market


the biggest in the history and that was because market crashes when there's some scam or whether there's some natural calamity or there's something which people don't understand and there's so much of uncertainty so first time when the covert hit we were uncertain whether we'll survive or not whether there is an end to this or not now that second wave or third wave we understand things are recovering there is vaccination and then there's people in the other countries already vaccinated and doing better so it's we know that what will happen so stock market is a discounting mechanism and it will not discount the same thing twice the covet has been discounted in 2020. now if there's a bigger or a newer problem comes to the world then only the market will crash now stock market is looking 2022 and 23. it's not looking at the current situation so how the and if you study the history and the cycles behind after every pandemic we know the pandemic comes every 100 years that's


we know the pandemic comes every 100 years that's thanks to the internet we got that but after every pandemic there's a huge boom in every sector or sector almost and which we are already experiencing in some of them which is just the beginning and that's why it's the start of a bull market and it's a great time to be in stock market this is the tip of it and it's not just the market the the financial economy you'll see that everywhere it's just that you need to be prepared you need to prepare yourself in terms of skill set and in terms of mindset to be part of that it's that i think the consensus of this entire conversation with all of its angles was that get to your process of learning keep that as a habit i'm sure you guys even now study and learn about the stock market a lot a lot i think this podcast was an attempt to get the youth into it to get people who are kind of just starting out and while we market it to


of just starting out and while we market it to the youth it's obviously foreign for everyone so and i think the other takeaway is that the more people that take part in the stock market the more everyone benefits including your country including yes you know a larger benefit for all including yourself so one thing i'd like to highlight is please guys share this video as much as you can with people who would appreciate it of course i'll be linking all of your handles your course down below uh i'm deeply grateful for the 101 tuition i got opened up my eyes to so many things and while the world is bullish on crypto and that's still something that the world is finding out i think a tried and tested machine like the stock market should be understood in detail it's not just money making skills you'll get from it you learn life you learn psychology you learn about yourself you learn about yourself that's the biggest biggest takeaway from this yeah so maybe some signing of note to a beginner


so maybe some signing of note to a beginner from both of you all uh first of all i would like to thank you for being to invite us on this show which is uh i think a great show and you are a youth icon and we even my son watches your video and my son's friends watch it and they were like can we come can we come we want a photo and i said okay we'll do it post covent right now situation so you are a great uh icon as far as youth is concerned because you started early you went through the journey i've seen your podcast and so that that's what the country needs some inspiration someone has to lead someone has to show that i can do it you can do it so i'm truly grateful for both of us being on this show and and also to make us so comfortable that we shared our hearts out we were not like corporate kind of an interview and i know it got longer than what we thought but we shared our


got longer than what we thought but we shared our whatever whatever best was there so how was your experience oh it was wonderful thank you ranvi thank you for having us over and thank you for making us feel comfortable and as as you know you already mentioned into the take away but uh i would like to say that personally from my experience coming from where i have come from this is something that anybody can do it let not anyone tell you otherwise you come from any background you don't need to be a i used to consider myself as someone you know not so good with maths in spite of that i could do it so anyone can do it in a special message message especially for women out there it's your world it's just that you just have to go out walk it out and own it up it's that way you know and it's all it's all there for you just just take it take the biggest pie that you can out of the whole thing you know you just need that confidence from within


thing you know you just need that confidence from within that you can do it i think yeah i think it's learning and guts those are the two main keywords from this podcast and both are connected if you have more learning you'll have more guts because now you know it for sure keep keep at it keep at it with the process thank you mr and mrs love your story thank you so much for being thank you so much for having us here i'm truly grateful thank you we had a complete ball having this uh interview i'm grateful as well and i hope that for the next 20 years of human existence this podcast keeps teaching people stuff sure so thank you thank you so much [Music] you


ayahuasca peyote shrooms lsd marijuana we spoke about all these plants from a neurological perspective and from an ethno-botany perspective dr mark plotkin is a world-renowned ethnobotanist he studies plants from the perspective of the knowledge of ancient cultures the ancient cultures that passed on their knowledge through generations through the tribal culture that we now know of in the amazon in the himalayas in the jungles all over the world that's what dr plotkin is all about this one is a slightly nerdy conversation but if you ever want to know about shamanic culture if you want to know more about ayahuasca if you ever want to know more about this deep world of plant medicine that is finding its applications in medical science in neuroscience this is the episode for you we're going to bring dr mark lotkin back on the runway show but for now i have to announce that the runway show is now a spotify exclusive the audio versions of all our podcasts will be available only on spotify no


all our podcasts will be available only on spotify no other audio platform 48 hours before the video version is available on youtube so make sure you follow us on spotify that's the ranvi show on spotify this is a huge deal for me as a podcaster but for now i'm gonna highlight something else that i'm grateful for this conversation with dr mark plotkin enjoy one of the most learned men in the world currently the expert of ethnobotany dr mark plotkin on the renbi show [Music] dr mark plotkin out of all of my podcast that i've recorded in my recent past i've been the most excited about this one you're an ethnobotanist i'd love for you to explain what that is first but before you get to that answer deeply grateful towards you for being on the runway show thank you ranvir it's a pleasure and honor to be here i'm mark clodkin dr mark plotner of the amazon conservation team i am an ethnobotanist that is a scientist study to work with


that is a scientist study to work with indigenous peoples and their relationship to the plant world so that could be amongst tribals in india that could be amongst uh tribal peoples in the amazon and the amazon is where i've been focusing for much of the past four decades beautiful uh i first heard of you on the tim ferriss show and i'd highly recommend that users i mean the listeners of this podcast check out that episode as well it'll open up your mind in ways you don't expect uh so i'd love to know your life before you got into this uh you know how did you figure this whole kind of tangent in life well i'd never heard of ethnobotany and then i dropped out of college this being you know the 70s the 60s was time of revolution and tumult here in the states and i wandered into an high school class by richard evan schulte's who turned out to be the father of ethnobotany who'd gone to the amazon for six months and went


who'd gone to the amazon for six months and went native for 14 years and i thought a life of romance and adventure in the tropical forest sign me up uh when you look back at your life now if you had to summarize it in like three sentences and i know this is a difficult question but i'd love for you to hear that we will talk about what happened during your life as well but when you're looking back at it right now in this whole journey how would you summarize it question authority trust your instincts look for adventure in a smart and rational and reasonable way gorgeous do you see this kind of rise of consciousness happening all over the world i remember about 10 years back i heard about ayahuasca for the first time on the joe rogan experience that podcast i ended up doing ayahuasca in 2015. i had an experience myself and it was life-changing for me i've spoken about it on the show as well um i'm also noticing that all of india


well um i'm also noticing that all of india but generally the rest of the world is really kind of waking up to the power of ayahuasca and traditional plant medicine now so have you been noticing that change as well in the last 10 years that people are just realizing what ancient cultures have to offer to the world of medicine you know ranveer not a not a week goes by here in the states where there's an article about people discovering that mind-altering substances alter your mind and uh there was a big article in bloomberg which is very mainline traditional conservative financial times about how mind-altering substances can have a very spiritual impact on you written by noah feldman who's an expert on arab culture and teaches at the harvard law school that's how deeply this is penetrating in circles outside of of ethnobotany but as on a personal note ayahuasca was discovered and i say discovered as my mentor did schulte's who made the first scientific observation and collection of an ayahuasca


the first scientific observation and collection of an ayahuasca ceremony so the idea that the old is new is an exciting one uh the idea that you know you start back where you came from is sort of a shamanic idea but i also want to emphasize that ayahuasca is not the be-all and end-all that there is a long and valued tradition in india of mind-altering plants uh opium marijuana hashish and you know the the the situation where these things were demonized uh really did a disservice it's the idea that that all of these plants are harmless and because it's a natural product can't harm you is ridiculous but the idea that they can't help you under the guidance of a psychotherapist or a shaman or an herbalist or a guide is equally foolish so it's very exciting to see that these plants and fungi are coming to the fore and that people in india and people in the us are beginning to realize that this is a way to enhance


to realize that this is a way to enhance your creativity and deal with so-called incurable ailments like depression but the idea now my worry is that it's being oversold that this is a panacea for everything that there's no downside and that's that's ridiculous that's in in fact harmful and i will tell you an interesting aspect like i said i focus on on south america to a lesser degree central america but it's doing a lot of research on marijuana because i have a new podcast called plants of the gods that focuses on mind-altering plants ayahuasca was the first episode it's available on spotify available on apple podcast but the most interesting aspect i found in the history of marijuana took place in india when in during the raj in british india the brits were trying to examine marijuana and find out how harmful it was and it turned out that not only did they find that it wasn't harmful it could be very therapeutic again the idea that you know


could be very therapeutic again the idea that you know there's no downside to people who smoke too much marijuana or ash is ridiculous but this ancient tradition when the brits who were not very sensitive to ancient traditions found out yeah there's some good stuff here so this whole reawakening uh you could say started in india a hundred years before it started here why do you think the world has this negative perception about plant medicine in the first place do you think it's you know because of some old people some old men who lived in the 1800s who just had this preconceived notion about notions about these plants do you think that's the reason like why does the world look at it in you know this sort of with this stigma you know in suriname there's a saying to every complex question there is an answer which is both easy and wrong so this is a very long conversation which i'd love to have in person but i think a lot of it has to do with the western


a lot of it has to do with the western technology where when we discovered discovered antibiotics of course we we discovered them but the fungi made them first we thought well what do we need all this natural stuff for and all these witch doctors and stuff like that you know the future of medicine is technology now as a westerner i know that western medicine is phenomenally successful and sophisticated but i also know that western medicine is full of holes so the idea that that antibiotics are the answer well what about covid right western medicine is just coming to grips with it and there's more viruses and bacteria and protozoans waiting for their turn to to to launch the next pandemic around the world so covet is not the end of this the point i'm making here is we need as many medicines as we can get the point i'm making here is it's not the medicine man versus the microchip it's both working together and i'll give you a classic case of of western medicine and traditional


you a classic case of of western medicine and traditional indian medicine and how the sweet spot is marrying the two if you think of sarpaganda from the rig vedas that 3000 years ago the ancient people the ancient cultures in india were using this plant which we know in english as snake root to treat snake bite to treat insanity gandhi himself used it as a tranquilizer it's very much been a part of indian folk medicine however in the 1950s it was looked at in the lab and it was developed into a tranquilizer an antidepressant a blood pressure medicine and right now it's about the 15th or 16th most important blood pressure hypotensive medicine in the world so what are the lessons here number one these ancient people knew what they were talking about in many cases not all of them number two with western practices scientific practices we can synthesize we can isolate and and make these medicines even more effective number three what's old is new again whether it's ayahuasca or snake