How I learnt Investing- My Journey

How I learnt Investing- My Journey

I often get asked about how I learnt investing at such a young age. I mentioned a brief overview of how I got into investing and learned the tactics. Here’s the story.

The Idea.

I was 14 years old kid eager to make money. My mom gave me an idea of investing in stocks. It seemed to be practical but I knew nothing about it. Later I asked my mom and dad. They knew very little. I called my aunt who trades every day for the last decade. She told me stuff but it didn’t help either.

The Hustle.

I started watching YouTube videos and read articles of investopedia. I understood nothing. It seemed like rocket science. I then bought a book called the intelligent investor.

This book was for pros. I couldn’t read past a couple of pages. A month passed I was still on square one. I heard stuff like sensex, P/E, index, ROIC but I had no idea what they meant.

Next, I watched YouTube videos on particular terms. I watched a video on what sensex means. What was a stock. How it works. Watching animated videos were quite helpful. I knew something.

A few weeks passed I opened a virtual account on Stock trainer and traded a little. I watched CNBC everyday after I came home from school. Soon I knew the basic ticker symbols. And that’s how I learnt investing, at least the basics.

The First Experience.

In August I had the basic knowledge about stocks through YouTube. But I had no idea how to open a demat account and all. My mom opened it under her name through Icici Bank. Finally, on 6th September I bought my first stock. Coal India x1.

I bought and sold random stocks. I mostly made losses. Over time I learned what fundamental analysis was. I watched animated videos on it.

I soon selected stocks on the basis of P/E ratio, profit and sales growth. It didn’t work. I lost big on TATA Motors.

Then finally I read my first book on stocks. It was called Rule #1. I had to read it 2-3 times to understand. It took me a month to read it.

In August 2018, about a year later I saw a video on technical analysis. I never tried to understand it. I watched it. It was about 1.5hrs long. I was amazed to see how one can predict stock direction based on charts.

Over the course of a few months watched over a 100 videos on YouTube about tech analysis since then. I loved the concept of margin. I came home early after my exam and bought my first stock on leverage.

The Downfall.

It was Infibeam Avenue. I shorted it. I made 2000rs in an hour. I felt awesome. It was the most money I’d made. By the end of the day I lost 4000rs. It was way more than I what I could afford.

I was soon addicted. Everyday after writing my exam paper I traded instead of studying for the next paper. Soon my exams were over. I had no time. I had to learn how to swing trade. I spent time analysing charts to figure out my next swing position.

Again I lost a ton of money. I knew I had to scale back. So I set aside a small capital for trading. April 2019, I opened an account on Zerodha as the Icici brokerage was too much.

Over the course I read books like- the intelligent Investor, Stock to riches, how to make money in stocks, how I made over 2 million dollars in the stock market and many more.

So videos and books helped me learn more about stock market more than anything. The simplest way to start is just fucking start. If you’ve no idea what to do, just start. Search. Read. That’s how I learnt investing.

The Sharing.

In March of 2019 I decided to write a short blog  on investing on a website called Quora. I was surprised to see the organic reach of my blog. Within hours I got over a thousand views. This encouraged me to write more. Over the course of a year, I ended up writing 450 short blogs on investing on Quora and a couple of books.

You can check out my Quora page- https://www.quora.com/profile/Vikrant-Chaudhari-15

In July of 2019 I decided to write a book on my experiences. I brainstormed the ideas and after 72 hours of writing and editing, my first draft was ready. I had no idea on how to publish it. After a few more hours of research and designing the cover I finally published it.

You can download it from here-

After a few months I wasn’t satisfied with my book. It was only written for beginners. I decided to write something detailed for people who have decent amount of experience in investing. So, 15 days and 400 pages later I finished writing The Young Investor. You probably know me from that book.

 

 

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