September 30, 2022
  • September 30, 2022

From a tutor to a technician to earn millions through stock trading

By on September 12, 2022 0

Stock exchanges can be one of the most difficult and risky places in the world to make money, especially through futures and options. However, there are a few who are successful and also continue their full-time jobs. Kavita, based in Burdwan, West Bengal, who currently works full-time as an IT professional in an Australian firm, has thrived in options trading.

Kavita learned the value of earning money and the art of saving it at a very young age. A brilliant student since childhood, she began organizing classes at age 14, where she earned up to 250 monthly fee from each of its students.

“When I was young, my grandparents and relatives gave me money as a sign of love when I visited them. I used to save this money with my mother because she had the used to give a certain amount of interest depending on how long she kept that money with her,” says Kavita.

How to save money

Kavita believes that it is the support of parents in the formative years of your life that is indispensable and the decisive factor in your success. She says her parents taught her that you can save money by limiting your spending habits.

Kavita continued to teach part-time during her college years. Although she was a top since childhood, Kavita chose a university close to her hometown because her father could not afford the accommodation costs. So she commuted three hours a day by bus. After arriving home in the evening, Kavita used to start teaching in the upper grades until 9 p.m. At that time, Kavita increased her tuition to approximately 400 years old and taught math and science to students. The idea of ​​earning extra income gave her the joy of being “independent”.

Her teaching journey ended after she landed her first job in an IT company in Pune. During her training period, Kavita saw her cabin mate meddling in actions. And this was the first time Kavita had heard of the scholarship. Since Kavita was always used to making extra income, she decided to learn more about stock trading. Kavita says her colleague introduced her to stock trading. In addition, she also gained knowledge through dailies and business magazines.

Soon Kavita started intraday trading and recorded a profit of 200- 400 per day in the initial phase. But for her, trading was an intermittent affair. Kavita took a big leap forward in stock market investing when she took out a personal loan of 3 lakh to create a wallet. She said she took on the loan after watching her colleague apply for the Career Point IPO and earn a big return on the listing. This decision proved to be a turning point as it not only sparked his interest in the stock market, but also instilled in him a trader’s zeal to overcome all obstacles.

But the loan papers arrived at his home and his parents bristled with anger. “My parents, like most families, thought the stock market was nothing more than a game of chance and no one made money from it,” she said.

What made their hearts swell with pride was when she showed them that the size of her wallet had increased to 20,000,000.

However, Kavita says she gained a formal understanding of other aspects of trading during a training session conducted by a futures and options brokerage in 2016. Kavita then began trading contracts. eventually, but lost a fair amount of money. Simultaneously, she also started reading about what mutual funds and what big investors have done to recoup losses. It was then that she discovered the strategy of covered call options.

“Options trading solved one of my long-standing problems – making money in a sideways market,” she said.

She quickly mastered the ropes of options strategies and was able to generate a decent return on her capital. Calling himself a positional trader, Kavita trades weekly and monthly options.

Despite her success in trading, she believes that the source of income should not be trading alone.

She was passionate about having an additional source of income instead of relying entirely on the scholarship. To stock market beginners, his advice: keep working and keep the stock market as your hustler, until you have gathered enough funds, knowledge and confidence in the stock market.

Kavita also had her fair share of losses. Its biggest loss ever on the stock market was 8,000,000.

However, through her learning and experience, she now generates decent returns from options trading every year. Kavita’s biggest gain in options trading was 14 lakh in a single day so far.

As a “guru” in the stock market, she suggests, people get a deep understanding of stocks and then invest, but “always start small.”

“Suppose someone has 10 lakh capital then one can invest 50,000 to 1 lakh initially. You should never put all your money on the market,” she explains.

Kavita says her mantras for success are “hard work”, “consistency” and “discipline”, and her ultimate goal is to give back to society. Not revealing much about her goals, she simply said, “There are several social problems in the country, but she will focus more on women’s issues and try to solve them.”

Read also : Stock Trading and Traveling the World: How a Kolkata Girl Lives Her Dream

Read also : Mumbai housewife-turned-scholar shares her success mantra

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