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Rakesh Jhunjhunwala, India's successful investor and trader, has made a tremendous amount of money through trading. How does he trade? Does Rakesh Jr. use technical analysis while trading? Does technical analysis make money? And if he does, how does Rakesh Jr. use it? What is his strategy? If you want to know more, watch today's episode carefully.
Once, a conference was going on where trading and investing were being discussed. A man came and said, "They don't talk about trading, they talk about trading and investing. Money is made through investing." As soon as Rakesh Jhunjhunwala heard this, he replied, "Boss, you brought me ₹1000. If you made money, it was through trading.
If not, who gave me the money? Your father or my father." Rakesh Jhunjhunwala is as good an investor as he is a good trader. He first ventured into trading, and the money he made through trading, he invested for a long time. Later, that money worked for him, meaning he earned tremendous returns on the investments he made over the long term.
So Rakesh Jhunjhunwala is as good an investor as he is a good trader. See, Rakesh Jhunjhunwala sir has two brains - investing brain and trading brain. When he invests, he uses his investing brain and follows the investing rules - cash flow statement, balance sheet and fundamental analysis. It is important to follow these at the time of investing.
He knows this very well. And when he trades, he uses trading rules - trend analysis, chart analysis and technical analysis. He trades and earns money through techniques. Till date, in many conferences, TV shows or parties, Rakesh Jhunjhunwala sir has said many times that if he makes money from trading, then how does he trade?
What is his trading success mantra? His trading success mantra is 'vadhare vadhare levan ghatare ghatare bechwa'. When Ramesh Dhawan sir interviewed him and asked him how do you trade, what is the secret of trading and what is this 'vadhare vadhare levan ghatare ghatare bechwa', what do you look for first while trading, then Rakesh Jhunjhunwala sir said He said that when he trades, he first looks at the broad direction of the market, for which there is no need to go to the market every hour and at all times.
After that, he said, "Vadhare Vadhare Levan, Ghatare Ghatare Bichwa." Now, "Vadhare Vadhare Levan" means that the stock which is in a bullish trend, which is Vadhare Vadhare, has to be bought, and the stock which is in a downtrend, which is in a trend that can become cheaper, cheap stock, which is in such a trend, needs to be sold, it is sold there.
Now he was asked, "Vadhare Vadhare Levan" means that the stock which is in a bullish trend, which has already increased, which has become expensive, has to be bought, then he said, " Why not, who said that it is expensive?" See, if the stock which is in a bullish trend continues its rise, if it increases further from where you are buying, then the place where you bought will start looking cheap.
And this is the thing that many traders do not follow, and because of this, only 100 traders out of 10 lakh traders made money. You see, Jhunjhunwala Sir says that if he made 100 trades, only 40 of them would be correct. You heard it right, Sir. He says that if he makes a wrong trade on a stock, he accepts the loss at the right time and exits.
As a good trader, we must know when to exit a wrong trade. Newswala Sir says that if he bought a stock at 00 and set a stop loss at 90, he decided that if the stock goes below that level, he will exit. If he doesn't, he won't be able to sleep. Jhunjhunwala Sir said that 40 out of 100 trades come out evenly.
And here people are coming like this, if they make 100 trades, they want 100 out of 100 to be correct. There are many people here who take a stock for trading, if it goes down, they take more, if it goes down, they take more. And if you ask them what they are doing, they say they are averaging. When Jhunjhunwala Sir was asked if he averages when his stock goes into loss, he said as a rule I never ever average.
So the lesson here is that if your stock is going into loss, then first determine when to exit the losing trade while trading. When Jhunjhunwala Sir was asked this, when you buy a stock while trading and when it is in profit, when do you exit from it, what is your target, he said target, what are targets.
He even said that the people who come on TV and give targets about the stock, this determination is until it goes from up trend to down trend, that is, until there is technical weakness there, according to the chart there is no sell signal, this means that while trading, when we go into loss, we have to exit from it in time and when we are in profit, we have to stay in it as long as the stock remains in the uptrend, but people do exactly the opposite of this, when we go into loss, we stay in it with patience and when we are in profit If they are, they get out quickly and become impatient.
This leads to mounting losses and no profit left. See, stock market trading is risky, and Rakesh Jhunjhunwala Sir knows this very well. There were some years in his life when he did not earn that good income from trading. But he knew that when the market goes into a strong uptrend from cheap valuations, if we invest in the right stock there, we can make a lot of money from it.
And he demonstrated this by doing it too. They say that the hammer should be struck only when the iron is hot. If the stock is in an uptrend, the momentum is upward, and if a signal is received again, then Jhunjhunwala Sir does pyramiding by buying again. Our Smart Investor Training Program is in this program with case studies.
Like today we discussed about Jhunjhunwala Sir's training strategy, similarly, with case studies, Nicholas Darwa or Jhunjhunwala Sir, the method we use in detailed technical analysis was taught to all India in CNBC's All India Adva Championship in 2016. How I successfully made a position in the top 10 advisors of 14 years, which method do I use, what is the technical analysis technique with which I can trade successfully, I am doing that, I have taught that in it, so do subscribe to this Smart Investor Training Program, so while trading in this way, Rakesh Jhunjhunwala sir trades by analyzing the trend and using technical analysis, if someone is telling you that technical analysis is of no use, what is technical analysis, what will happen by reading the chart, see, the world's successful trader Bruce Connor says that if you are trading without looking at the chart, it is like an orthopedic doctor performing an operation without looking at an X-ray, Jhunjhunwala sir says that if you want to become a successful trader/investor in the market, then you will have to get married twice, some people are getting happy, see, two marriages do not mean two marriages in real life, there is trading and one is investing, trading will be one marriage, investing will be one marriage, the money you will earn from the good returns you earn from trading will be earned from there.
And if you invest in the right shares in the share market for a long time, then you will be able to earn good returns. So, that's all for this episode. If you liked today's episode, then do like it and tell us in the comments on which topic you want to see videos in the future.
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