We always on a dream of doubling our income or want to invest our money somewhere to get a good return on investment. As, an Indian we also dream of “Chaalis din mein paise double” as Mr. Khiladi dreamed, Because of these dreams we Indians also fall on so many chit fund frauds. Let the jokes aside My name is Himanshu a 22 years old stock market investor and today I am going to tell you the story of my introduction with the world of the stock market.
How i introduced with the market
Maybe I sound a noob to you because I am a noob so! in this field, I am just here to share my experience that how a guy in his 20’s felt when he put his first step in the stock market. It started back in June of 2016 when jio 4G was introduced to masses in India. And every teenage guy was seeing their future on Youtube so am i. I went ahead and started a Youtube channel named Watch the facts ( You can still find in Youtube though) I worked on it for two years but things didn’t go well, gradually is started thinking that it’s better to stop putting efforts on that channel.
Then I closed my Youtube monetization and I received an amount of ₹2200 which I made through the years. It was a big deal for me because it was my first income and I don’t want to lose it. So, I started figuring out ways to invest that money, I come from a commerce background so I have my basics cleared about markets and stuff.
Then I started browsing on YouTube about how to invest in the stock market. I found some videos, but everything went above my head. Then I started with mutual funds, which are very simple for those who do not have time to track the stock market, your money is managed by experienced fund managers. So, I went ahead and invested my Rs 2200 on the HDFC small-cap fund, which I have seen on Youtube. And that’s how I entered the market (technically).
Then I started tracking the stock market. You can’t learn the stock market until you invest in it. Then in December 2018 I again came across a video on youtube which is about how to open a free Demat account on Upstox I immediately went ahead just because it is free and opened my Demat account. At that time in only have 130 rupees in my bank account ( I was a student at that time so not have money), I transferred all of it in my trading account.
When i went to the trading portal
When I went to the trading portal for the first time I didn’t understand anything of it, I don’t even know how to buy and sell stock then I started learning and my teacher was Youtube I have learned the basics of seller portal and now its time to do some trades. On the trading platform, there was a watch list of 50 stocks I bought the two shares of 3 Infotech which is on the top of that watch list I don’t know anything about that company and also don’t know how to read charts. still i bought that share.
The next day the price of my shares went up by 10 paise I thought now I am in profit so its time to sell those shares. Then I sold them then I realized my trading account balance decreased way more than the value of shares sold then I realized there was a charge by the brokers called brokerage which got deducted from my trading account. That’s how I introduced with the brokerage. I continued trading 💹 in share market.
Till then those 130 rupees I putted on my trading account went 80 rupees. In those days I traded like a gambler. Of course, I put those 130 rupees just for learning purposes because putting a large amount of money on the stock market without any knowledge is stupidity in my opinion. As you can see I almost lost 40% of my money in useless trades. Imagine if that were a large amount. I also know about my friend who lost a large sum of money in a similar mistake.
Indian’s perception about stock market
In India, people perceive the share market as gambling because they have seen so many scams and frauds in their time. I also started thinking the same after losing 40% of my trading amount. Now after loss, I started learning about trading, I tried to learn for months but still, I am facing losses. after 3 months I ended up losing all of my money in the trading account.
How I learned investing
As I told you i came from commerce background I know how to read balance sheets and read financial reports, After losing all my money on trading. I again knocked on the door of my teacher Mr. Youtube to lean investing. And believe me, since I started investing instead of trading I have never lost a single penny on stock market. It is almost 2 years now since I stopped trading now my savings are increased and i have seen my money growing by investing.
I feel I am lucky I learned that trading is not for me, with very minimal loss. I hope you liked my story, stay tuned for more such content.
If you also want to invest in the stock market then here I give you the opportunity to open a free Demat account from upstox SIGN UP NOW