#OurTribe 9 - Harsh Dixit
The future & options specialist!
💸Hailing from a middle class family Harsh always dreamt of being financially free. After his MBA, he got introduced to trading by his friend who was a sub broker. He started trading during the bull run of 2010 which was mainly based on the news and operator calls. Soon he met a friend who got him into the world of technical analysis which interested him even more. But then something happened.
The 2011 crash was a disaster for someone who had never seen the markets in red. When the trend changed, he realised that everything and anything can happen in the markets. Pretty much the same for many new investors right now. But hard times teach the best lessons. Seeing his weak portfolio motivated him to learn the fundas of swing trading, especially price action and one of his favorites - Elliot waves. Slowly recovering from his portfolio and a growing a liking for technical analysis, he also not only got into the pool of future and options, but excelled in it. Now he specializes in the momentum based options buying space - a high risk high reward game. Being in the markets profitably for more than 10 years, he has the following pieces of advice for new traders:
Long term investing does not guarantee great returns. You have to choose right stocks at right time.
Most strategies work well but you should know the right position size and how to manage your risk & emotions after entering a trade.
Always decide your exit strategy before entering a new trade.
Staying humble is important and be ready for unexpected market moments.
Harsh believes that money and wealth are essential. Lack of money can put you in trouble, and though money is not everything, wealth can give you time to do the things you want to.
The markets are an expensive teacher. Learning trading is better with a mentor, any given day. Harsh's Trendonomics is a place for just that. Started as a blog, Trendonomics is a place to learn about the stock markets from Harsh and his team!