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Sir, you say one thing that only two people buy at the bottom and sell at the top. One is God and the other is a liar. So which category would you place yourself in? Where do you buy it? No, I don't try to catch the bottom. I'll try the bottom. Does not do bottom fishing. Yes, I don't do bottom fishing.
I never saw a falling stock when I told you that I invest in an athlete who has a track record in the past and is sick today. Past Perfect and today he is sick. If he is sick today, it means his shares are also at the bottom. This means that the shares will not be at the top. Like I told you that Tejas share of ₹400 was ₹40.
My shares are also at the bottom. But while buying it I do not think that this is the bottom of ₹40 only. Yes. I think that ₹400 which has become ₹40, this ₹40 can also become ₹20. So I'm not bottom fishing. That bottom is coming to my mind that maybe this has become the bottom. There is ₹40 to lose for ₹40.
The man who bought it for ₹400 lost ₹360. If I buy it for ₹40, I will lose ₹40. I can take this much risk. Look sir, this is a game of risk. You will have to take risks in the stock market. One should take a calculated risk. This is one thing I have learnt in life. You should take such a risk that you make the same mistake a second time or take such a risk that even if you fail, you are alive to make the same mistake a second time.
So staying on the pitch is the wisdom here sir. So after saying this, kill after thinking carefully. Hit a six on a no ball. Rest keep taking runs one by one. Stand quietly here on the pitch. So I applied this formula to them. A question that people may or may not be asking you, so let me ask it. Many people ask that when you meet Vijay Kedia ji, then definitely ask him whether stock market is better than business?
Can stock market become a livelihood? You once said somewhere that people who work 90 hours are buying their bosses Lambos. While you are doing the work. The boss is making money. Now in India there is a huge population of young people who want a second income and feel that investing in the stock market can make them a livelihood and they can live a good average life.
No one can explain this better than you because you started from zero and today you generate wealth of around Rs 1400 crore. What would be your advice in this matter? No, sir, the stock market can become a means of livelihood but not in the beginning. So saying this, I came up with a formula, Sir, which I call No Gravity Zone.
Yes, what do you call it in Hindi, right above gravity? Meaning, what happens in gravity is that the Earth pulls you. Right? So saying this, whatever is the principle of gravity, there is attraction in the earth, it pulls you. But if you go into space, whatever gravity is there on Earth, if you go above that area, the Earth does not pull you.
Its gravity ends. Then you move forward into space and reach the moon quickly. You can float in infinite space. You can float. It is an equal thing. So the same formula is here sir. So what happens here is that in the beginning, if you have come into the stock market and if you do not have money, if you do not have much capital and you think that you should invest in the stock market and earn your livelihood from it, then it will not let you grow much.
Gravity will pull you. Your liabilities, your commitments, your expenses, whether it is the expenses of running your household or marriage or children's education, whatever kind of expenses there are, they will not allow you to hold the shares for 17 years. Will not let you stop. They will make you make a mistake.
They will make you greedy by making you commit a mistake. They will make you greedy, they will make you nervous, they will scare you. After four months, if your share doubles in two years and after doubling it starts falling a little. You thought this would take away my money. I have expenses in front of me.
How will I meet these expenses? You will sell your shares and you sold the shares and you found out that a new line started from there. So after saying this to me Sir, I came up with this formula that in the beginning you should not base your life on the income from the stock market. Live life some other way.
Whether you are working or doing any business or are dependent on your father or any other person, you do not need to sell your shares to meet household expenses. Only then can you hit long, sir. You should understand this in simple words that if a new player comes to play for the first time, he will not hit a four on the first ball because he is afraid of getting out, thinking that if I get out then my life is over, my career is over, first of all he is sitting in the pavilion and watching his brothers, how is the pitch, how is the ball, how are the fielders and how is my senior partner playing, the same principle applies to the stock market, sir, you keep watching, keep reading, keep making people understand what methods the old people have adopted here.
You learn from him. After that, when you come, score one run or two runs. If there is a burden on you, then understand that a new player comes and he has this burden on him that if I am not able to score runs, then my team will be out. It means it will end. Suppose if this pressure is on him , he will not be able to score runs.
So, you need to have a free hand. So by saying this it is necessary to move away from gravity. So in the beginning you should depend on other income. Like I told you earlier. Once you start becoming successful in the stock market. Little by little, capital starts building up. So keep some money aside from the stock market which will become a source of fixed income for you.
Give it up. Let it become your source of fixed income. Whether it is a rented property. Passive income, whether it's income or passive income you have. Whether you are taking it through FD or investing it in some business or investing it on interest, I do n't know, you will have to choose your own method.
You should prepare such a fixed income due to which you do not have to sell shares in the stock market and even if the market crashes, you can face it. You shouldn't think my career is over because I'm safe to eat and drink. Your new journey begins from there. The journey of that highway super express highway will start from there.
Yes, ah, one thing that you often say and it is very interesting that in a bull market, the duck also looks like a swan. You found a duck which you had earlier mistaken for a swan. So as I told you, these one or two shares, two-three shares of mine turned out to be such that they did not perform in the last five-seven years.
Yes. So, he did have the potential but if we look back from the higher side, we can say that maybe I thought he was a swan and but even now, whatever little study I have done in him, etc., it is not that he accepted that he was actually a duck. But for four-five years he has lived like a duck, so as they say, you should understand that if you leave a lion among 100 dogs, then the lion will start behaving like dogs.
And if you leave a dog among 100 lions, the dog will also start behaving like a lion. So this is the law of nature, if there is something like this then I don't know whether this formula applies or not. So what I mean is that if that stock did not perform then I probably mistook that swan for a duck and so it can happen, it is not like that, I make a mistake.
Sir, there was a time when you were about to sell your mother's jewellery and today you are the biggest and most successful investor in the market, what was that moment when you felt that no, now I have become one, my time has come, no sir, what was that moment when you sold your mother 's jewellery or sold your head because the time had come, at that time I used to trade in the market, these future options, which you call, I used to speculate in the market because I had no other knowledge, no experience, no mentor, such podcasts, such shows etc.
did not exist at that time, they were not written in books, they were not on TV and so it was simple that yes, you have to work by trading, so what did I do in trading, sir, so look at my Koki, someone taught me one thing that here But the biggest and most important thing in future option trading is stop loss.
This is Brahmastra, this stop loss. Yes, if you learn this then you will not fail. I will not leave the stock market. I did not have this knowledge. And I was incurring losses. I did not sell those shares. I thought that I had incurred a loss and if I sold the shares then the chapter would be over for me.
This money will have to be paid. It's over for me. I do n't have any money, where will I get it from? So I thought maybe it would improve. In the hope that it will improve in the evening, it will improve the next day, it will improve on the third day. People keep on hoping for this. The same thing is true even today.
That's the thing. It is the same even today. So at that time it had just entered the market and as soon as you enter, you start earning money. Beginner's luck, which in English means you get money. You think I am the biggest fool. I also took away from it that when God gives, he gives it in abundance.
When he takes it, he takes it by slapping. So this is how it happened in the beginning. After that losses started occurring. So I did not cut it. So a time came when he suffered a loss of ₹35,000 as he did not get the money to pay. It came to the point of selling the mother. I tried to convince God and explained to him that please save me, my life will be tarnished.
God also heard it. I said I will leave the market and go away. Please save me. I will leave this business and go away. In that, payment has to be made within 15 days. Nowadays, T Plus One was for 15 days. Luckily, the money arrived within two, four, five days, sir. Yes [sound of clearing throat] I came to the stock market and told God that I will leave it and go away, so I did go, then I convinced God that if I leave it and go away then I will be nowhere in life [laughs] I came back after 10-5 days and apologized to God and God also said go child, I have forgiven you, the biggest lesson I learnt from that was I learnt stop loss, stop loss, that stop loss is with me till today throughout my life, that stop loss, now I do not trade, 101% I do trading but I learnt stop loss from there, I passed the KG level of my life or what you can call the primary level of stock market, that was because of that crisis, because of that crisis, if that crisis had not come then perhaps I would not have learnt, if such a difficult situation had not come then I would not have learnt that day, so I felt that now I will not leave the market, I have come back once, now I will not leave the market because I understand Where did I go wrong
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