Ashu Sehrawat is a young Investor, Entrepreneur and Stock Trader.He’s from New Delhi,India. He started his portfolio management equity intelligence online portal Trading Fever and now his company manages his and other investor’s portfolios. His life changed after opening Trading Fever.It didn’t take a long time for Ashu to fall in love with stock tarding and the realization that it allows anyone with an internet connection to exchange value anyone else, removing the need for centralized intermediaries, such as banks or even governments.
Ashu is a true example of a self-learning man, he started his investment in Stock trading with a very low amount under financial advisor and in his early days he started losing his money, and that’s where he feels the importance of a good financial advisor.
After losing some of his capital, he started doing research and analysis of his own become his own financial advisor and with a very short span of time, he earned a good amount of return on his investment. Mr. Ashu has earning a good amount of money and reputation but he was not satisfied because of his very helpful by nature since childhood so, he decided to become a full-time stock adviser and investment advisor and helping the new and experienced investor and entrepreneur.
In the year 2017, he started his first company in under the name of thetradingfever.com and soon it becomes a well known financial institution around the globe. Within few years he made his million dollar empire at very young age.
Ashu Sehrawat Became Top Rated Stock Trader and Investor
After his huge success in the industry, he often invited by well known financial institutions and events as guest speaker and motivator. He has a great impact on youth and upcoming entrepreneur.
In our recent conversation with Ashu he said “It is very important to choose your sound financial planner before appointing or investing any amount of capital. Losing your hard earned money is easy and earning money is very tuff.”
Traders, these are those persons who trade in the financial market either for themselves or their clients. A trader is different from an investor since the former holds the stock for less time as compared to the latter. Also, they work solely on the trending market conditions, they are more concerned about the latest market condition. However, not every trader is successful there are some habits which make a trader successful than others. Some of the habits include patience, preserving, bold decision making etc. So, here I have discussed 7 habits of a successful trader which makes them different from others.
Ashu’s 7 habits of being a good Equity Trader
1. Optimism is the key!
When you are in the market apart from your trading skills what matters the most is your high optimism. Optimism works like a boost when things are getting out of hands for you. As a trader no day can be the last day for you, it’s not if someday you have not traded well then it’s the end. The most important key to keep yourself on the business is to keep your head high and be positive. However, optimism does not mean that you drift away from reality. It is always necessary to keep eyes open while taking any bold decisions.
2. Get hold of Persistence
Trading is also a kind of gambling where one day you win and another day you may lose. But, will that make you alter your style of dealing or trading. I don’t think so, India has a very shaky market where one day the shares are on the sky and other day vice versa. You cannot switch your trading style every day. Hence, to excel in this field it is important to stick to a single plan and work accordingly.
3. Let the market teach you!
The market is the biggest teacher amongst everybody for a trader, it teaches you your highs, lows and most important what is your strong or weak points. The best quality of a good trader is to learn from the market and apply it to the market activities. It is seen that only those traders who are good learners win this competition.
4. Risk Management is equally important
Market comes with risks, these risks can be high or low depending upon the market condition. The job of a trader is not simply to trade or keep an eye on the market movements from time to time but also devise a winning strategy against risks. It is the sole responsibility of a trader to devise strategies and protect himself and his clients form the bizarre risks that come every day while trading. A simple strategy would include knowing the financial ability, a knowledge of the worst situation and a rescue plan at the time of disaster.
5. Be cost-conscious
If you are an Indian Trader then the habit without which this list is incomplete is cost awareness. Indians have a habit of judging everything from the point of cost, so why should this do not apply to the market? As a trader, the sole motto of your trading must be low cost but high revenues. Hence, it is very important to check if the operational cost is exceeding the overall profit after the day-long trading. If the operational cost is most then there is an urge to make some changes in the trading activity.
6. Execution of trading activities
Execution is the most important aspect of trading, it is just like whatever you have learnt are you applying it most correctly. The best way to check this is by reviewing your activities while trading which includes trading process i.e. buying or selling the goods in the correct way. These things may look small but, they are important when it comes to the execution of these things.
7. Research, Learn and grow!
Trading is a skill, a powerful skill which needs to get polished now and then following the market condition. But how to do that? The answer is simple to research and learn this is the best way you can excel in this field. Although Researching and learning were not included in a traders platter traditionally but, time changes everything. As a trader you have to work with a lot of companies hence you must know everything about that company. Suppose two-person X and Y are trading with a company A, X is a traditional trader and does not know the company. While B has researched a lot and he knows that company A is bankrupt and will be dissolved anytime soon. So, what will happen here? X due to his shallow knowledge will trade with A but will lose while Y will refrain from doing this and hence will save himself.
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