ilmscore | Trading Podcast on Radio - @MirchiPlusYT | Trading Tips & Story - Trade with Purab

Trading Podcast on Radio - @MirchiPlusYT | Trading Tips & Story - Trade with Purab

Published: 2024-05-08
Status: Available | Analyzed

Predictions from this Video

Total: 8
Correct: 0
Incorrect: 0
Pending: 8
Unrated: 0
Prediction
Topic
Status
Approximately 98% of traders in futures and options experience losses, with only 2% being profitable. Within option trading, 93% incur losses.
"the statistics are on the basis of the statistics on 998% of the traders who traded in FAO and options in futures are in loss only 2% are profitable, out of that also 93% loss in option trading, so you tell me 2% now when trading success is a distant thing or if trading is profitable, profitable means if there is a capital of even lakh rupees, there is a profit of even 000 or even 00, that is still counted as profit, then 98% are in negative"
Trading success rate
Pending
If Purab had not become a trader, he would have pursued achievement in another field, potentially staying in the fitness industry where he had a significant social media following at 18.
"if I hadn't become a trader, I would have achieved something. I would have never settled for an average person. I was in the fitness industry. I had a 50,000 follower account at 18 years of age."
Career path
Pending
Young people are advised to actively seek opportunities, put in hard work, and dream big, rather than waiting for opportunities to come to them.
"you have to go out there, you have to work hard, dream big"
Investment advice for youth
Pending
The speaker advocates investing only money that one can afford to lose without significant impact on their financial well-being.
"invest only that money which, even if you lose, it does not make any difference to you"
Personal financial risk tolerance
Pending
Earning respect and trust is presented as more challenging and valuable than simply earning money.
"it is not difficult to earn only money in life, it is more difficult to earn respect than money and even more difficult to earn trust"
Importance of respect and trust
Pending
The speaker notes that high earning potential exists within the job market, citing examples of individuals earning 1 crore and 5 crore packages.
"I have seen people with a package of 1 crore, I have seen people with a package of 5 crore"
Job market potential
Pending
Traders need to recognize when to exit the market, which is a difficult skill to master. The realization that trading is not suitable for an individual is the cue to stop.
"you need to know when to stop. It's something that's very difficult to get out of. ... Once you get used to it, you can never get out. So, you know at the right time when you feel like it's not meant for you. Patience works, you just know it, you yourself realize that no friend, it is not working out, I am not this type of person, then getting out is the right choice"
Trading exit strategy
Pending
In equity trading, if a 10% return is not being achieved, it is advised to exit the investment.
"If I am doing equity, then it is important to tell yourself whether I am getting 10% or 10% or not. If I am not getting 10%, then walk out."
Equity investment return expectation
Pending