dexter@aeron7.com

Websites are my passion. Well it is strange that website making can be a fun and passion. I gave this strange question a thought too but then I thought, maybe the appreciation ? or maybe the correct valuation! So, when I earn money from websites I must grow it rather than throwing it idle in the bank right?

I am a forex trader by day (I like numbers and maths – that’s why I dumped my IIT CSC opportunity for a Msc) and web developer by night. My great wife Kavita has been managing my website business single handedly so I ventured into Stock Market. The question is –

Where do I invest my spare money?

 

zerodhaInvest in stock market or forex. But Forex is a non-bailable offence in India so unless you have a legal way around, do not do it ! Go for stock market.

But don’t do it yourself. There are companies and individuals who take responsibility upto 15% drawdown with a legal agreement (drawdown means 15% is maximum you can lose – they will refund you for more loss) and most of them have good verified track records. Also I have used some algo trading firms who is generating about 20% increment on wealth consistently for the last five years but the ones I know will accept less than <5L in a single account or you have to make multiple accounts.

What I do myself

 

I divide my investment towards stocks into accounts of 1 Lakh- 10 Lakh each. I trade in half of them and other half of them are being managed by managers.

To give you confidence, let me share some proof –

After learning for 9 days and finishing 6 books and galloping videos (Check here to see where I started), I opened an account at Zerodha (18/07/2016) and started trading on monday 22/07/2016

main-qimg-d928f3d698dfa2f0afa3a7d7ef6bdc13

I deposited. 100,000 INR

 

My initial strategy was to pick some fundamentally good stocks and buy them when the technical confirms in chart and wait for 30 mins or 1 hour to hit.

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I use few technicals like Stoch(14), MACD (12,26,9), Parabollic SAR, Bollinger Band and Pivot Points. Here is how a chart look like in my account. I did some long trades of 2–3 days in case of Prabhat, Cupid and few others but most of them are 30 mins guest.

My trades in Equity –

 

Earnings: 9,728.45 INR. Here goes the proof –

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At this moment my unrealized profit is 2770 INR. It is still not updated here as it didn’t counted today’s profit. Yesterday night this was my holding account’s chart view as per diversification by industry and marketcap

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And this is my Futures trades –

 

Earnings: 14,120.00 INR. Here goes the proof –

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Mistakes –

 
  1. I have bought Tata Power in base of over confidence and bypassing the news that it reported loss. Although it doesn’t sound that much fundamental; I will sell the stock quick as I am quite sure it will go up.
  2. I bought Claris at wrong position but it is a very good stock and it will go up. Yesterday I make some profit in intra-day trading with Claris.

Good Gains –

 
  1. Prabhat – I bought it assuming it will go up in the time of Janmastami.
  2. Airtel – I bet on Airtel will go up again after it’s fall after Mukesh Ambani’s news. Reason ? Well, they will sure drop their rates too.
  3. Cupid – It was a sure shot. Annual General Meeting of Cupid limited to be held on today as of I am writing it (17/09/2016); it is fundamentally super strong company and I will buy it again in Monday anyway unless there is some supreme bad news. You can keep an eye here if you want share holders notice.
  4. I am not commenting on my future trades as a company whose September options I will might buy again in Monday with huge stake. So no comments cause if it go sideways and you or someone else buy based on my guts you will send me threat messages.
  5. Ambuja and NCC – I love construction companies and there was a good news from Government which made me money; well I can not recall that now.
SO LET'S GET YOU

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Habbits –

 
  1. In stocks, I never sell. Never ever. If I do trade myself.
  2. I know all those company in my fingertips and except for Idea, SBI and Tata Powers; I can hold everyone of them for long term without worrying on them.
  3. GMRINFRA is a good construction company I some time gamble upto 5% of my portfolio’s worth on it for no reason.
  4. I invest after getting 400% sure but I made mistakes with Claris and Tata Power. :( Will try to not make same mistakes but well I will gain profits.
  5. I never bother how my managers are managing the rest of the funds unless I found their decision fundamentally incorrect.
  6. I have tons of accounts with almost brokerage firms across India.

I can lend you some of the managers contact whom I have personally used; just message me cause I do not want to share my all account statements as I have done some stuff to keep my taxes low which I can’t share in public.

Also I am not disclosing my current holdings but here is my entire account value.

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The reason I am running fast is not money. I want to win Zerodha – 60 Day Challenge and want to get featured in Opentrade.in. Then I will overlook into my ecommerce venture allocating all the funds to the managers. There is a story behind me not loving stocks, read here if you have spare time – Thinking Forex? What is your threshold of pain?

I will be in the market for the next two months. Feel free to ask anything. What is your story? Comment here!

I won the challlenge

 

Updated on 2.12.2016 –

zerodha-60-day-challenge-winnerI won the Zerodha – 60 Day Challenge  finally and though demonetization sucked my profit but I still managed to keep it profitable.

Thanks for your wishes. Thank you all.

Here are my top 10 best and worst contracts –

contracts

About the Author

Aloha, I'm Amit Ghosh, a web entrepreneur and avid blogger. Bitten by entrepreneurial bug, I got kicked out from college and ended up being millionaire and running a digital media company named Aeron7 headquartered at Lithuania.

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23 Comments
 
  1. UTKARSH SINGH RATHOR October 8, 2016 at 9:23 pm Reply

    Hi
    How should a beginner start learning Share Market ?

  2. Mahesh October 10, 2016 at 10:05 am Reply

    Hello, send me the manager IDs.

    • Amit Ghosh October 11, 2016 at 12:50 pm Reply

      What do you mean by manager ID ?

    • Amit Ghosh October 12, 2016 at 6:04 pm Reply

      What do you mean by managers? The account and transactions shown here is from Zerodha.

  3. Prithviraj Janugade October 12, 2016 at 5:03 pm Reply

    Hello, I want to work as a stock trader for a good firm. What is the way and steps to go for it?

    • Amit Ghosh October 17, 2016 at 5:25 am Reply

      I know a lot of forex companies as I am a old guy there but as you can see I just started Stock Market actively since this August though I do lots of blabbering in Quora. Know idea :(

  4. Prakhar Jain October 14, 2016 at 7:07 pm Reply

    Hi Amit, I have been reading your blog, its just amazing, your review of trade academy and all. “Bitten by entrepreneurial bug, I got kicked out from college and ended up being millionaire and running a digital media company named Aeron7 headquartered at Lithuania.” – life goals dude.

  5. ashitvora October 30, 2016 at 2:20 pm Reply

    Not related to this article but your your bio here says that Aeron7 is headquareted in Lithuania.
    Any reason for moving your HQ there? Is it for tax purposes?

    Would be interesting to read story about it.

    • Amit Ghosh November 4, 2016 at 10:40 pm Reply

      Not Tax issue. European people do not like hiring Indian companies in general. They curse us for poor quality work which is bad. I’m about to open a new company in US.

  6. Pranav rai November 1, 2016 at 10:54 pm Reply

    Hey can you please send me those managers list who manages money to me at prnv.rai@gmail.com.

  7. Ravi Teja.K November 9, 2016 at 11:49 pm Reply

    Bhai are you a human or a superman.

  8. Harshal November 12, 2016 at 1:11 pm Reply

    Hello Amit, interesting bio !!

    I just came across your profile on Quora while reading about Android freelancing and landed here. I am myself an Android developer and also a trader cum investor since 3 years. Even I started trading with fundamental stocks and later learnt technical analysis and still improvising and recently started with options trading 3 months back and by now made good profits in options. So really felt glad while going through your blog.

    India is really at sweet spot right now for investing and I think there are quite good stocks available right now at some discount.

    My email id is harshal.ranpise89@gmail.com. Hope we catch up some time or discuss on our common interests.

    Keep writing.

    -Harshal

    • Amit Ghosh November 26, 2016 at 12:19 pm Reply

      I added you to a trading group in Flock. Check email.

      • Harshal Ranpise November 26, 2016 at 1:03 pm Reply

        Sure Amit. Thank you.

  9. Rakesh Bandi November 17, 2016 at 11:39 am Reply

    Hi Amit, Thanks for details explanation.
    I have been trying my hands on with Algo traders and Hegde funds in India.
    Though I only know one firm (Minance) which gives maximum drawdown protection. I would love to know more about other firms which offers similar assurance. I have burned my hands earlier with Returnwealth. I would really appreciate if you could share the names of the firms giving drawdown limit protection.

    • Amit Ghosh November 26, 2016 at 12:33 am Reply

      Can you please share me the part on your journey of Returnwealth? I’m researching in Indian micro portfolio managers. They are not hedge funds though. I’ll come shortly with answer.

      • Rakesh Bandi November 26, 2016 at 11:28 am Reply

        Thanks Amit.
        I invested 1.5 Lakhs with Returnwealth and also paid 8K for Algo Fees. They initially advised me to review only after a quarter to visible appreciation. But just before the end of the quarter I could only see 13 consecutive trades with total loss of more than 30K, I was surprised to see not even a single trade made any profits, so I told them I would discontinue after the end of the quarter if they continue with such performance. They however recovered 18K till the time I exited from their services

    • Megha T December 2, 2016 at 5:14 pm Reply

      Thanks for sharing informative post. Keep Posting.

    • VIckeemore December 2, 2016 at 5:16 pm Reply

      Which is the best Stock to invest how can we track that ?

  10. operaiims December 27, 2016 at 9:37 pm Reply

    Hello Amit, Thanks for detail explanation.
    You proved true that one can be successful in trading with strong fundamental and technical analysis. Can you help me to know if there are any groups to follow where people share their views on stock picks and analysis.

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