Become Crorepati With Trading: Day Trading & Stock Market Secrets | Umar Punjabi | FO414 Raj Shamani

If you have 100 rupees, how much money do you get from trading? At least 60-70 rupees are from trading.

And the rest?

Course selling.

Fast money.

Is it genuinely real? Making fast money is not real. If you come in trading, it will take at least 2 years.

What are the returns that you get through trading?

Anywhere around 20-25% per month.

What are the strategies?

In strategy, two things are important. One is your win rate and the other is your risk to reward ratio. For example, Livermore's win rate was 30%. Meaning, if you're taking 10 trades, 7 of them are going wrong. These two things will determine whether your strategy will work in the long run or not.

What is so special about the Rich Quick scheme? I'll make a lot of money! People think it's a scam.

66% of Indians do not trust each other. People say that trading is running away, gambling and all of that. People would rather do FD than get into investing. A watch worth 50 lakhs. If you go to an event without a watch and with a watch, what's the difference? If I'm not wearing a watch, I will have to approach people. If I'm wearing a watch, people will approach me.

Really?

Yes.

But it can also be fake. If I'm in my 20s and I have 5000 rupees. I want to become a trader, so what should I do next? First of all, 5000 rupees. Nowadays, you see ads of trading courses everywhere on social media. You can also see promises of traders' luxury lifestyle and fast money.

But can you really earn fast wealth through trading? Or is all this just a scam? Our guest today is Umair Punjabi, a professional trader, who earns 60-70% of his income

from trading at the age of 23. Today we will learn from him, are trading courses really useful? What should we look for while buying a course? How much money is required

to start trading? And if someone doesn't have money, can they still start trading? And is trading a gamble or a skill game? If you are interested in trading or just want to understand it better,

then do watch this episode till the end. And to know about Umer and his trading businesses, check out the link in the description below. 🎵Music🎵 When we thought of making this podcast, we talked to everyone, asked everyone. First insight was,

there is something wrong, there is a problem, there is something scammy. But when I went deep, what is some problem, there is something scammy. Right. But when I went deep, what is scam?

Right.

What is illegal? There is some problem.

Is there something fishy?

Yeah.

No one had an answer. Correct. So what is it about Rich Quick Scheme that people think it is scammy? I think it is a very deep rooted problem, specifically with Indians. I mean, there was a very interesting thing that I was reading. There is something called as the Legatum Prosperity Index.

On which India ranks at 121. What basically that means is how many Indians trust each other, in short. It has a very big definition. But in short, how many Indians trust each other. And 66% Indians do not trust each other. 66% Indians do not trust each other. 66% Indians do not trust each other. And now you take that trust level,

that basically means 33% Indians only they trust each other. Now you take that statistic and apply it into a field like trading, which is already full of skepticism. That gives you such a small number of people who actually believe in it. So I think that's where it's coming from. But to answer your question, it is a lot, first of all, skepticism. After that, there is no education. When it comes to this particular industry, there is no education.

People don't know exactly what it is. Maximum a person learns in his life, after doing a job, he learns that he should do SIP, he should do mutual fund. Correct. People say that trading is running away, gambling and all of that. So trading is a very far-fetched thing. There is such a big stigma about investing. People would rather do FD than get into investing, right? So I think that's where it's all coming from.

I also think in my case, when I talk about myself, I think in my case, the age factor also matters a lot. Because when people see a 23-year-old doing stuff like this, that is even more skeptical. I challenge a lot of traditional beliefs. Like what? So, there's one of my reels. Went crazy. It has like 40-50 million views.

I said in that, if your father is not a millionaire, he cannot teach you how to become a millionaire.

Okay.

And people got pissed at it. They were like, why are you disrespecting and all of that. And I said in that, See, it's not about disrespect or respect. I'm not saying your father is a bad person. I am just saying that if your father has earned only 5 lakhs per month, he doesn't have the capacity to teach you how to earn 50 lakhs.

You will have to learn from someone else. I'm not saying disrespect your father. I'm saying learn from someone who is earning 50 lakhs. He will be able to teach you. So when I said that, people got triggered. They got triggered badly. How can he disrespect me? But I didn't mean that.

I was just challenging the traditional belief. Because everybody thinks that my father is my hero. Yes, absolutely. Make him your hero. But there has to be somebody who will teach you things he cannot teach you. And that's just the reality of it.

So, that is one thing.

And?

After that, I have another one reel. It has 200 million views. And in that I was showing Bugatti, Bugatti was about 40 crores, and it had a number plate of 80 crores. And I was like, this car has 80 crores,

and this total is 120 crores. And then I was like, if you are wearing a Cartier watch worth 7 lakhs, you feel poor. And that is why your environment is very important. So if you are in India and you are getting down from your house and seeing RX100, Splendor and all, you don't feel motivated. So people were

defending the bike RX100 that RX100 is a legend, you can't say this to. And I'm like this is why people are behind. They are defending RX100. What is your problem? I am telling you to change your environment. Focus on that. Why do you think people are behind? Because they are defending something. They are on surface level. They don't go into the depth of concepts.

They don't want to understand things. They will just doomscroll. They will watch. Attention span is already low. They will watch, they will label, they will scroll. That is the routine. And I also believe very strongly that

when you open Instagram, whatever you see on your feed, explore feed, that is where you are headed in life. Because that's what you are consuming. If I open my feed and I am seeing comedy shows, I am seeing people making fun of each other, I am not seeing intellectual posts, that is where I am heading because that's what I consume.

So, most of the people, you know what they have in their feeds. Interesting concept. But proof of the pitting is, how much money have you earned?

So if you have 100 rupees, out of 100 rupees, how much money is from trading?

If I have 100 rupees, at least 60-70 rupees are from trading.

Okay.

I am not saying 100%. It's not true. 60-70 is from trading.

And the remaining money?

The remaining money would be from my university education business course selling. How much? Course selling say it should be 30. Rest of the 10 would be from other things that we do. I mean sometimes I also run a social media sort of agency company. I mean that is just purely to help out friends.

Okay, but 70% is out of trading. How do we believe you that you have earned 70% from trading? Here's a problem.

Yeah.

Right.

Maximum people,

the traders online,

Yes.

They talk about trading. Correct. But they earn money by selling courses.

Correct.

They don't trade themselves.

Correct.

Right. So how do we believe you that you have made it?

Absolutely amazing question. There is a concept called as funded accounts, prop firms, we will talk about this. But that's basically a third party which gives you funds to trade. And whatever funds you trade, 80% is yours and 20% is theirs. So to keep this as authentic as possible, I have traded with multiple prop firms across one year.

If you go to my bio, you will get my verified profit and loss statement. So on that you will see 20 plus payouts that is worth anywhere around 30-32 lakh rupees across the last one year and you can scan the QR code, you can go directly to the website and you can verify that. So, 30 lakh rupees.

Net profit. Now, 30 lakh rupees, a lot of people might say that it is very less compared to what you show. But again, my point being here is that I have shown you that I can do it. I have, in short, going back to my example, I have passed the CA, I am showing you that I can do it. I have given you that credibility with a third party involved.

Because nowadays in trading, there are many interesting things where there is something called as marketing account. It will tell you that you come to Mauritius or Cayman Islands. You will go to Mauritius or Cayman Islands. Your phone will be taken. You will sit to Mauritius or Cayman Islands, your phone will be taken, you will sit in front, you will be given a paper,

they will write on the paper that this is the offer that we have, you will be given a paper, you will read, you will not say anything, you will either write yes or no, so basically what happens in that, they will call you, they will tell you that we will give you a marketing account, a basically happens is, Everything will be fake in that. You can show as much profit as you want, You can show as much track record as you want. So, in the industry like trading, Everything can be faked.

Exactly. Everything can be faked. And so, I would say to some degree, Skepticism is valid. But again, the third party Who is verifying and giving you, That is something that cannot be faked. But is this verified by third party guarantee?

Absolutely. Now that is also a thing that third party verified. You said that I took verification from these people. How proper are these people? What guarantee do I have?

I should not believe you.

Exactly. So now you can verify the credibility of the firm that is paying out. That's why whatever payouts I have put, of whatever I have received, They are across multiple firms. I have put payouts of 3-4 firms.

All 3 firms can be verified and can be cross-checked Whether they are genuine or not. One of the firms that is my favorite, It's called Funding Pips, They have paid out $125 million to traders till date. They are one of the most credible. Now, another way to verify is that all their transactions can be verified on blockchain.

So that is again a way to verify if the transaction is actually happening or not. I am still having trouble in digesting this. Talk to me, I will answer. I am not understanding fast money in real.

Okay.

I think it is all a bubble, a scam, a world which we are not aware of. Correct. I am not denying that it is not possible. Yes, it is possible for 1% people. Correct. 3% people must be doing it and those who know it, they know it. Right. That's all information arbitrage. But it is so easy and so heavy like you can just do it. To me that's something fishy And I have seen a lot of people doing this, which I know of. Who have done this and shown fake screenshots,

showed their own portfolio, their portfolio is all made up of chat GPT or AI pictures.

Right.

Or they have edited it from photoshop and put it.

Correct.

Right. So, it's not very authentic.

Yeah.

They up and down their own platforms, their own trades, their own things by up and down, by listing in different countries. And then they win over. Is it genuinely real to make fast money? Making fast money is not real. Fast money in trading does not exist.

If anybody tells you that, they are lying and you should run away from them. It took me 2-2.5 years of constant effort, constantly losing money. So the concept of fast money is not real. Absolutely not real.

And...

Do the course today, learn money today,

and start making money from tomorrow. Absolutely not. If you are taking my course with that mindset, then don't take it. I don't want it because I year, if you get the best mentor in the world, even if you trade by my side, next to me, you will not be guaranteed to make money.

Because I will take trade, you will also take trade with me. But the mental battle you will fight, for that you will have to do training. For that you have to spend time in the market. And there are certain things which you can learn only after getting into the market. So it will take at least 2 years. So, there is no fast money. But if you think about it,

technically it is fast money because in 2-3 years, your life is changing. Your ups and downs are happening. Like 6 years ago, I used to take an ST bus from Bhiwandi to Thane to go to my classes.

Ticket was for 20 rupees. I used to get a ticket 5-6 years back. Today I am living a whole different life. So, it is still fast money. But you have to go through the hardship of 2 years. But if you have the skill of 3 years in fast demand in the world, if you have the brain in it, you can achieve this life. 100%. What do you know that others don't know?

What is the formula you have? Formula is that I have spent a lot of time with the market. Market is just like a person.

It's 2 years, 3 years.

I am talking about today. After 6 years of trading, I have spent a lot of time with the markets. And as you spend time, market is like a person. The more time you spend, the more time you will understand how a person behaves. Same thing is with the markets. And I do very simple and very boring things

which most people are not capable of doing. Like what? Like showing up at the same time, waiting for the same price action to play out and to take the same entry, keep my same risk and

do that over a period of 5 years, 3 years, 4 years. People when they come into trading, they want novelty. They want that we get something new. You will see that whoever comes in trading and teaches something new concept, it will be the same concept but if he teaches it with a new packaging,

then he becomes a God. Because everyone thinks that there is some secret strategy which works. But if I tell you that you sit before the US market opens, in the first 15 minutes, the price will go up or down, let the first 15 minute candle be made, after that if the price goes up then buy, if it goes down then sell. And if you repeat the same strategy over 100 trades, you will be profitable.

It can be that simple. But again, this is just the technical part that I have said. The second biggest part is your psychological battle that you have. That brother, I have entered in the trade. Now after entering, if it goes in your favor, then you will think that should I leave now or later, go up more or go down more.

That battle you have to fight. It is going against you. You will think that it will come back to me or go down more. That battle you have to fight. So psychological battle is more tough. Technically, I will give you 10 strategies, 10 out of 10 will work. But I guarantee that even 1% people will not be able to execute.

Because it is the mental battle that is important.

Because 99% people don't make money in trading.

Right.

They earn only 1%.

Correct.

In fact, the data of SEBI is that only 1% people earn more than 1 lakh.

Correct.

Right.

93% people have made a loss.

They have not even been able to recover their, Correct. They couldn't recover the amount they invested. 93%.

Yes.

So people don't make money. Right. And maximum people who are in tier 2, tier 3 cities, who are either unemployed or have an annual income of less than 5 lakhs, those people have lost maximum money. That's Sebi's data from 2024. Absolutely true. Correct.

So when maximum people are in Dubai, in 1% means you have done this psychological battle and learned this strategy, so you are saying you come in 1% and make money. 100%. Because you will see that it is the same in life. In life, if you learn the same lessons,

psychological lessons of self-discipline, mindset and persistence, consistency, you will become the 1% in any field. Tell me 3 mistakes that people make, 99% of traders. Which 3 mistakes that 1% winners don't make? People do not follow a time window. People think that if I sit in front of the chart all day,

I will become a trader. It's not like that. You need to have a specified time window where the market is giving specific moves.

Okay, that is one.

That is one time window where the market is giving specific moves. Okay, that is one. That is one, time window. Second is you need to have your fixed risk management. Risk management should be very clarified. Suppose I have 1 lakh rupees. In 1 lakh rupees, I will not risk more than 2000 on a single trade under any given circumstances. People do not have control over their greed.

A person takes more risk when he is greedy for return. I feel that today is a good day, so I will take 5% risk. It won't work. You have to be very strict on your risk management. Third thing is you need to have a proven system. Now what happens is when a person comes in trading, he feels that trading means that I am depositing money today and earning money today.

Or today I have to do something in the market. Whether I make money or not, I have to do something in the market. But that is not how it should be. When you learn to drive, you don't sit in Ferrari on the first day. You drive Santro, Vegana to learn. In trading that is called as backtesting. Now what is backtesting? Backtesting is basically, I have told you a strategy. You are testing on historical charts over 100 trades or over a 1 year of data that it is working or not.

You will ask someone who is a trading seer that what is backtesting? They don't know what is backtesting. They don't do it. They don't want to test the waters. Because what is the mindset? Mindset is that I will deposit money until I click on buy sell.

I am not a trader. That is not true. Basically, the hard earned money that you are earning from your job or anywhere else, you are testing that on something which you don't even know if it works or not. Despite of the data that 99% people lose money. So, you should be the most skeptical person when it comes to your own strategy. But people are not skeptical on that. People are skeptical towards the whole industry.

Why can't you be skeptical when it comes to your own strategy? How much research have have done on it? How many data points you have on it? I have so many data points about my strategy that I can do trading with my eyes closed. I know that Monday is not a good day for my strategy. Wednesday is an amazing day. Friday is an amazing day.

I know that if I don't get a trade on Monday, Tuesday then I will get a 100% on Thursday, Friday. If you have backtested data, 90% of the work is done. Now you just have to execute.

Why don't people do this?

It's a boring job. It's a very boring job. I have at least, I was calculating the amount of time I have spent in the last one year just backtesting.

I have spent around 26 days on the screen. 26 days of screen time in the last one year testing. That is a lot of time. That is a lot of time.

And that basically amounts to around 12 hours

per week.

If I am not wrong or more. I might be flawed in that calculation. But as much as I remember that I do this much in a week. So I spend that much back testing. I do 2-3 hours everyday.

I don't do it everyday, I do all nighter on weekends. On an average.

On an average, yes.

So this is the most important.

So you do testing for 10-12 hours every weekend? Yes. You are doing it since last 6 years?

Not since last 6 years, I am doing it since last 3-4 years. When I actually had my first loss, I felt like I am doing something wrong in life. Then I started doing testing in the past. So can people learn trading as a skill? Or no, this is a game of mindset, this is a game of discipline. Skill is not a game of skill.

Skill is a game because managing, not a game of skill. It is a game of skill because managing your emotions is also a skill. It's a very big skill and it's a skill that will help you in life. So can I, if I am someone in 20s, I am young 20 year old, I do my job, I have financial problems in my house, I have very little money. Okay. So can I start earning money by learning skills like trading?

No.

Why?

It is not a hobby. It is not something that you can do part time. It is a full time profession. Can you be a part time doctor? You cannot be. Part time lawyer? You cannot be.

You can't be a part time trader. Whoever is telling you that you can become a part time trader, I am part time trading. If someone comes and tells you that I am part-time trading, it means he is making a loss.

In short,

part-time trading does not exist.

It does not exist. I have not seen a single part-time trader who is making money.

Why?

Because... You have to sit for 2 hours, that's it. What's in it? 2 hours is execution. That takes years of time. So there is no concept like part-time in trading. So you are saying fast money is not real. Absolutely. What's the difference between, if someone says,

let's say you are there,

like you, 50 people are selling trading courses.

Right.

Which one is scam and which one is real? Everyone is saying that learn slow money, slow course from us. On whom should I believe? On whom should I not believe? Don't believe anyone. Go on YouTube, give basic knowledge.

Watch the videos. After watching the videos, a person has a common sense that you know, what this person is saying makes sense. And what this person is saying, I am not understanding. So, go with the person who is making sense to you. After that, the only way to verify, like I said, are they able to call the markets live? Are they able to send you a chart analysis and say that according to me this is a chance of it happening?

Of course, it will not happen 10 out of 10 times. But is it happening 7 out of 10 times? Are you able to make more money than you lose? Is that person able to do that? And if the answer to that is yes, then you should learn from that person. What are the other signs? First sign that he is making money live.

That's the biggest sign. Second thing, is that person teaching you a proper system? Because a proper trading system, in which you are following rules, without that you cannot become profitable. Is the person teaching you a proper system?

Now there are many things in that system. Like, is there a time involvement? Because a lot of people think that traders sit in front of the screen all day. That is a myth. That is not true. You can never make money like that. Is there a time window they are following? Like, I trade from 12.30 to 1.30 in the afternoon and from 7 to 8 in the evening. I trade for 2 hours a day. Apart from that, there should be a risk management framework. It should be very clear that how much you are risking and how much you are earning. It is called risk reward ratio.

These are few things that should be there. After that, the person is he actually giving you value. Now, like I said, now you will understand the basic common sense thing. That the other person is giving value or talking nonsense? So these 4-5 things if you implement, you will be easily able to wet that who is in how much water. And who is a scammer and who is not.

What are the returns that you give through trading? Returns is anywhere around 20-25% per month.

Okay.

So if I am in my 20s, I have 5000 rupees. And now I am ready to become a trader and earn money.

Right.

Right. Right. So what step should I take next? What are the step by step process that I can earn 5 lakhs, 50 lakhs from 5000. Do it as per your lifestyle. First of all, give 5000 to your mom. Okay. Don't invest money.

Don't invest at all. Go on YouTube. Go on YouTube and consume as much content as you can. Make notes of it. You don't have to consume content from that mindset that you are learning. You have to consume from that mindset that you are researching and just note down what all you have seen.

After that, when you have the entire research with you, you have to ask yourself that what is making the most sense for me? Which concept makes the most amount of sense for me? Because when you go for traditional education, you gain the general knowledge in school.

After that you choose one field. Commerce, arts, whatever it is. That's the same thing you do with trading. Because there are so many concepts in trading. Everything works. Trust me, everything that you see, everything works.

But can you make it work with your psychology? That is the question. So, you can only make something work if you truly believe in it and if it makes sense for you. So, do research and see what makes sense. Now, for this, you will have to give at least 3-6 months to learn.

Only on YouTube.

Only on YouTube. Now, don't buy courses. No, don't buy courses yet. Why I didn't say to buy courses? Because if you do the basic research, then after that you will be able to gauge a person

whether he is telling the truth or not. Because in trading, in industry, today you can read a textbook, tomorrow you can become a trader on social media. And you can say that this is the concept, if this will be the case, then the price will be like this. Anyone can do that this is the concept, if this will happen then the price will do this.

Anyone can do that. So you need to have the basic understanding that the person who is talking is making sense or not. Or he is reading off a textbook. And I am sorry but 90% of the influencers are reading off a textbook. Today a new trend has started where people are showing only lifestyle,

only trading profits. But if you search their content inside, there is no education of trading. I mean, okay, I get it, you have a Lamborghini and you are making so much money. But how? Teach me how? That's what matters to me. There is no how.

You teach how?

Yes, absolutely. And I have taught it for free on YouTube. So, after this, you got the basic research. Now you have 5000 rupees. You don't have to put it in the trading account. You have to buy a course from that.

From that, you have to understand which course, which person, which influencer makes the most amount of sense for you. That is your own personal judgment. You feel that this guy, this guy, he looks genuine and authentic.

Now I will buy his course. After that, when you want to buy a course, what all you should see in the course. You should get a proven strategy in the course. Or you should learn how to make your own strategy. Either the formulation of a strategy or a strategy itself.

Third thing, you need a community. You need a group of people who are trading and who are also working on themselves. Trading is very difficult without that. Because trading is such a mentally challenging profession. And you get very lonely in trading.

Because you are making a loss. If you go home and say, your parents will shout and say, you were forbidden to play gambling. Right? So, the profession becomes very lonely.

So, you need a bunch of people with whom you can talk. Community, strategy, formulation or strategy itself. You need these three things. You will get that in the course. No one will like to tell you the strategy for free. It's a simple thing. You will have to pay for that. So, you understood this much. After that, by another next year or another 3 to 6 months, you should have a strategy ready. Now you have defined that strategy,

you have not invested money in the market yet. Now you have to buy a backtesting software. There are many free softwares where you can test old charts. Now you do the work of testing that strategy or not. Now you feel that, okay, I have tested it.

I have understood that the win rate win rate is 70-80%. Now if 70-80% comes in testing, then in reality it will come down to 50-60%. Because the execution will come into play. So you have to be prepared for that. Now if you do that much,

then you are ready to put money in the market. Now what people do, put money in the They will see the profit or loss, whatever it is. And they feel like, because it is a thrill. If you, it's an addiction. Because a lot of unpleasant things can also be addicting. Spicy food.

Spicy food is not good for your health. Gives you a lot of pain and discomfort but people are addicted to spicy food. So, it's that dopamine hit that you get even after losing. That's addiction. So don't do that.

Then what are the strategies?

There is Nasdaq. For example, the stock market of USA. The first opening candle of Nasdaq is 15 minutes. After 15 minutes, you can see the 30 minutes candle. The first 30 minutes candle is called initial balance. Now initial balance basically means that what is the initial price action? The local traders, where are they willing to take the price?

90% of the time what happens, the direction in which initial balance is made, the market continues in that direction. 80-90% of the time. Very rarely the market will open bullish and then go bearish. It happens very rarely. So if you trade only in its favor,

suppose I am waiting for 30 minutes candle, now if the high break of 30 minutes candle is there, I will buy. If the low break is there, I will sell.

Means?

Means, the price market opened.

Okay.

Price went up. It opened in 100 rupees. It opened in 100 rupees. It closed at 120. 20 rupees gain, 20% market gave up gain. In one day.

In one day. Okay. In one day. I have said too much. Take a gain of 2 rupees. 102 in the first 30 minutes. There is a very high chance that it will reach from 102 to 105, 106. You are saying in 30 minutes. It opened at 100 and after 30 minutes it became 102.

2% is also a very high gain in a day. But in 30 minutes it reached 102. There is a very high chance that it will continue from 102 to 106, 108. So what I will do is, as soon as the price will tap above 102, it will be 102.1, I will buy it. And my loss, the stop loss, where I will cut my loss,

that will be 100 rupees. Because it was open 100. So under open or under the low of the market, my stop loss will be below the low. And this is called point of no return. So, this means that when the market opens in the first 30 minutes, 70-80% of the time, point of no return is already made. Means a price level where the price is not going to come back.

So, now suppose the price opened at 100, touched 99, went down 1 rupee and then closed at 102. So, now my point of no return is 99. So what I will do is I will buy at 102.1 and my loss will be at 99. Now my target, let's say my target is stop loss of 3 rupees. So I will try my target of 6 rupees. So 1 is to 2 risk to reward ratio. So if I am doing 3 loss then 6 profit should be made. That is how I will be profitable in the long run. So, my target was 106. If you test this simple strategy,

this has a win rate of 60-70%.

Over the years?

Over the years.

Not every day. But in a week, you will get 2-3 trades. Very simple strategy. But if I do this everyday, then will I make money at the end of the month? Yes. Yes, if you do it every single day, you will end up profitable. Why do people not do it then?

Because it is the mental battle that is tough. It is the discipline, it is the consistency which is tough. Because everyday, I am saying the same thing, Trading is a problem of perspective. What do people think of trading? That it is a quick scheme,

Okay, I should make money as soon as possible. No one wants to do boring work. Trading is the most boring profession. Because if I trade from now till next 10 years, I have to do the same thing for the next 10 years. Every single day.

But that's almost everything where you want to achieve skill and master. Correct. And people are not ready for that. People want dopamine, people want novelty, they want something new, if they get a new concept, it will be fun. So, that is what people want.

What's the difference between trader and gambler?

A lot of money. But because of that, everyone drowns. What is the difference between a casino and a gambler? The difference in casino is that, why does the casino always win? Because casino has a proven algorithm on the backend, tried and tested, statistically proven, tried and tested. They know that in short term, I might lose money from the gambler. If a gambler, ifler hits a big hit, I might lose in short term but in long term I know

my edge will play out, statistical edge will play out. If a trader is exploiting a set of rules and a statistical edge over a period of time, he is a real trader. Now, if I, see, in strategy two things are important. One is your win rate and one is your risk to reward ratio. Win rate means I am taking 10 trades rate means how much I am winning if I am taking 10 trades.

Risk to reward ratio means if I am risking 2 rupees, then how much I am making in return. So, if I have a win rate of 50%, but my risk to reward ratio is 1 is to 3. Means if I am risking 2 rupees, then I am making 6 rupees. And I win 50% trades. So, now I have taken 10 trades. 5 loss, 5 profit.

In losses, how much I have lost? 15 rupees. 5 x 3 is 15. 15 rupees I have lost. How much I have earned? 30. Net profit is 15. That is how you make money in the long term.

So, even the... Who is the best trader? If you think about trading legends, John D Rockefeller, then Jesse Livermore is a legendary trader who is talked about. Jesse Livermore's win rate was 30%. One of the most legendary traders in the world to exist. His win rate was 30%.

Meaning, if he is taking 10 trades, 7 are going wrong. And only 3 are going profitable. But when he used to make profit, he used to make such a big profit that they used to set off the loss. So either your risk reward ratio should be very high or your win rate should be very high. So these two things will determine whether your strategy will work in the long run or not.

So if there is no strategy, there is no statistical edge, there are no principles, there is no proven formula, I have not explored what works according to my psychology and learning. And I haven't done backtest by taking years of data on my strategy and I don't have a win on that. So I am a gambler. 100%, you are having fun in the market. I have come in the hope that I will earn money tonight and tomorrow.

And wow trading is so good. And then maybe I will earn money for a day or two and then I will get fucked. When does a gambler go to a casino? When he has to spend money. Same thing for traders who are doing this without testing. Because they don't want to do the work that is happening without money. They just want to do the work with money. If the money is spent, they will run away from the market.

Simple.

The people who are here to stay are the ones who are doing the work of the markets for the research. But why don't you handle other people's money then? I don't want the headache. I have tried it. I don't want the headache because what happens is that the psychology that is required to trade your own money compared to handling someone else's money is very different. Very very... What is the difference?

The pressure increases a lot. You have a lot of pressure because you become obligated to answer. You are giving the money to the other person, so he will give with an expectation that I can get this much return or that much return. If there is a loss, maybe the other person will not tell you to compensate but you don't need that guilt.

So there are a lot of psychological factors on that. But again, I feel that if you do something in a formalized way, then there is always ways to do it because many people are doing it. But I don't want to get into that because again I have to use trading in such a way that it pays off all my expenses. I keep building things with the rest of the business I am doing.

So, according to me, trading is a superpower that I have. You drop me naked in an unknown town, I will do a job there for 100 dollars. I will convert 100 dollars into 5000-6000 dollars and I will be back on my feet again. That is a superpower.

You cannot take that away from someone. And I have done this actually. I did a challenge and I have put this on YouTube. I turned 250 dollars which is 20,000 rupees into 2.5 lakh rupees in a month. And I had given my trading account password publicly. That log in and see all the trades. I don't see a lot of people doing that. That this is my trading account public password. Log in and see all the trades.

Interesting. that this is my trading account's public password, log in and see all the trades. So, I have done this too. That is basically a proof of concept that it is a superpower. It is possible. So, if I am a 20 year old, I don't have money to invest, to trade. So, how will I bring money? Suppose I have learned this skill for 1, 2, 3 years.

All of it, I made it. Now, I have 5,4 rupees from my house. I don't have much money but I have to do a lot of work. So how can I do it? Either you acquire a skill, do freelancing, earn more money. Second thing is funded accounts which is a money glitch.

It's a money glitch. It's a glitch to make money. And I'll show it to you in my phone as well. What is a funded account? So, basically what is a funded account? Suppose I am a company. Okay, I have a lot of money.

And I am looking for good traders. I will tell you that, see, do one thing, give me 5000 rupees. I will give you a demo account of 8 lakhs for 10,000 dollars. You have to trade in that demo account. There is no real money in that, it is a demo. But that is basically your exam in a way. I will give you rules in that,

I will give you the limits of loss, I will give you the targets of profit. If you hit that profit target, that means you know what you are doing. There is a very high chance that you know what you are doing. There is a very high chance that you know what you are doing. You have passed that, I will give you real funding of 8 lakhs. Whatever you are returning on that 8 lakhs, 80% yours and 20% mine.

So it is like a firm that is giving you capital if you pass their exam. Is there a lot like this? There are a lot. Recently, its concept has become very popular. In India, it is still very unexplored in India. And this is only for global markets. It doesn't exist for Indian markets right now.

And I don't think it will. So, it is a very good thing to even trade Forex legally because Forex is illegal in India. So, when you are trading through a funded account, neither the account is in your name,

nor the profit and loss are in your name. You are not doing any investment. The 5000 rupees you gave was the fees to pass the challenge. And whatever money you receive, on paper it is called as rewards. It is not called as profit. Because when it is profit,

it is like you are doing investment. You know that there is no investment. So, it is called as reward. So, it is as good as I am a lawyer. I am giving service in Singapore. So, best way to even get into global markets legally without risk and with a very small capital. Because you imagine, you have put 5000 rupees, you have the skill, whatever I have told you, you have done everything.

You have 5000 rupees, suppose you have blown the account, you have initially failed, you didn't read some rules or didn't go by the regulations. You have deposited 5000 again next month, deposited 5000 again for real estate next month. You tried again. It took 6 months. You have blown 6 accounts. In the 7th month, if you made a 10% return on the account of 10,000. It is 1000 dollars.

It became 800. It became 70,000 rupees. How much did you lose? 30,000 rupees in 6 months. You made it in a month.,000 in 6 months of loss. Now, another interesting thing is that

if you took profits 4 times, took payouts 4 times back to back, means, suppose I have an account of 1 lakh dollars, I made a profit of 2,000 dollars, withdrew it, made a profit of 2,000 dollars, withdrew it. I did this 4 times, and refund you the fees you paid for the evaluation. So technically I am pulling money out of thin air.

So which is this company?

It is Funding Pips, that's the best. I use that myself. Then there are many more prop firms. They are called as prop firms basically.

Prop firms?

Yes, prop firms, propriety capital. They are called prop firms. Funded accounts concept, prop firms, funded accounts funded account is the same thing. So, there are many but the problem in this is that the real account that is given to you that is also a demo account. Means you have passed the evaluation.

Now the account that I am giving you that is also technically simulated capital. Now how is the risk management of that firm on the backend, that depends on whether you will get the payout or not. Because now assume,

I will tell you how many firms work. Let's say 100 people bought an account from me, evaluation. Now I know 99% lose money. So the fees that 99% paid me, that money became revenue straight up. Because I don't have to refund them,

they don't have to give any profit. They will fail the challenge. Bye bye, the work is over. One person will pass and he will take 1000 dollar payout. But I took 60 dollars from 100 people. I got 6000.

Now the person who will take 1000 dollar payout, I will give him 1000. I got 5000 dollar net profit. So technically you can run a prop firm with no backend, no connection to the markets. It can all be run like a game and you can still run it profitably. Now if the problem comes

when there are profitable traders coming in your firm. Now profitable traders have started coming who are taking back to back payouts. Now how will I give them money? Because I was giving them money

from the fees of other's account. My back end is empty. So that is when you need to choose a reliable firm which is actually connecting your trades to the market on the back end. Because if the trade is not going in the market, then the firm is not earning money.

The firm is basically earning money from the account fees. So that is very important because you will do trading, maybe you will make money too. But it is very important whether the firm will give you a payout or not. Because there is also a chance that the firm will not give you a payout. They will deny you any rules. They have never traded.

Correct. They can deny, they can say and legally what will you do? You have given them 5000 rupees. How far will you go for 5000? So that is also a problem. So that's why you trust this one firm.

Yes. They've paid out, like I said before, they've paid out 125 million dollars to traders in the last two years, which is huge. Is it that easy? It is not easy. Because their test will be very difficult. Yes. There are many conditions, many criteria you have to pass. It is not easy. Do you see any opportunities? In any other field, to make money, where are they today? If these young people are watching.

I see AI becoming the next big thing. AI automation.

AI is the big thing. It's not next.

Correct.

It's already the big thing.

Yes.

But I think what will be really valued in terms of AI is how well you are able to use it. So I was reading something and it was written that there is now something called as a prompt engineer. So, the prompt that you put in AI, by engineering that, how can you get the best output from AI? I think that's going to be a very important skill to have. Today, most of the things that I use in my business is through AI. And like doing research or something.

But of course, I think whatever AI is doing, the human element is very important in that. A little human element is required. in it. A little human element is required. If you can master that human element and you can become the person who is able to facilitate AI for someone or some business, then there is a lot of money in it.

Like what? Tell me specifically.

Specifically, if I am a trader, you tell me that Umer, the backtesting that you do, I can automate it through AI and give you the results in a week. I can give you results in a month. I will happily pay you.

You used AI and made my work easy. I don't know how to use it properly. I don't know any software that can automate my backtesting. If I am paying you for 20 hours a week, and if I get it automated after a week, then why won't I give money?

You are basically bringing convenience to people's life. So pick up any one industry and then figure out what you can automate in it. Then go to people who are making shit tons of money in that industry and tell them that your work is not easy. Absolutely, I followed this guy, I really like him, Alex Hermouzi. And he says that if you want to make money, make rich people's life easier.

Because they have the capacity to spend money. If you make their life easy, they will throw money at you. Because for them, time is the most important thing. Efficiency is the most important thing. So, see how you can make rich people's life easier. And you can do that through AI.

True. Agreed. Okay, you are 23 year old. Yes. Right. If someone is 10 years older than you, 30, 35, 40 year old, how can they trust you? And why should they trust you? Because I have done it and showed it live multiple times.

What I have done live, I have a track record that I have shared and there are many things that I also believe that there are certain things that I might be uninformed about I am very self aware that of course I am still 23 I still have to see the world there is still a lot that I am yet to learn

but whatever I have done I am very confident on that and I know that that can work for someone else so my mindset when I am learning from somebody my mindset is that I don't care about the flaws this person has. What can he give me?

I call it a garbage mindset. What is a garbage mindset basically? What does a garbage person do? Garbage is given to him. He looks at what he can sell and derive value from the garbage. So, I am a garbage person.

I am consuming content or I am learning from someone, so I will find what is it that I can sell and earn money. You might have the world's garbage, I don't care. I don't care. If you have 99 trash things, you keep that with yourself. I am concerned about my own self-improvement. So, I will learn from that.

So, I will say that I am still inexperienced in a lot of walks of life. Like we talked about emotionally, I am a child still. I am still learning a lot of things. Financially, in finance management, yes, I might know certain things. Pick that from me and try to improve your life. I think self-improvement should be the goal for anybody who is trying to learn from me or anybody. And it is very important to compartmentalize that from whom you are taking advice. I have also made this mistake.

There is a very popular figure, Andrew Tait. Everybody knows him. And I started taking every advice from him. And I ended up in a bad situation. In my personal life, I ended up in a bad situation. Then I realized that you should have people

for every different part of your life. Like fitness, finance, your emotional life, and then you are playing some sport. So you should have people for every single thing. You don't have to make a person god. Because everybody has their own flaws, nobody is perfect.

So if you are learning from me, see what you can take. If you don't like it, don't watch my stuff. Don't learn from me, I don't have a problem. Because I am also flawed. I am also a human. I also make mistakes. So, pick up what you can. Become a junkie.

And that's it. Improve your life. And many people will say that you are 23 years old. You haven't seen a loss. You are a do-bahn. Now in some time, everything will be closed and then you won't be able to make any money.

What do you say to that?

I will do it again.

We are waiting for you to fall. I will do it again. Even if I fall, I ask myself that I have come from Bhivandi. Okay, my monthly expense was 3000 rupees. I used to spend 50 rupees a day on the ticket of HT bus. I used to go to the police station. I used to eat Vada Pav there. I used to eat Vada Pav of Kunj Bihar for Rs. 10.

And I used to eat Swiss roll of Monginis while coming home. That was my daily expense, Rs. 100. What could be worse than that? What would be more than that? I will go for. Because if I go there with this skill set, I will leave within a month.

Because like I told you, trading is a superpower. I just have to do a job for 20-25 thousand rupees, for which I am easily capable. I mean, if I go to work, I will provide so much value to someone that I can earn 50-60 thousand rupees a month.

I am very good at sales. I will take up a sales job because it has an incentive base. I will start selling real estate. I can close pretty much anybody. If I am convinced on the product, I can close anybody. So, I will do that. And I will do trading with that.

So, what do I have to lose? If you are coming from a middle class family, it is your superpower. If you are born in a millionaire's family, you have never seen zero. You have never seen what it is like to live on a 100 rupees budget on a day. You are in a tougher situation than I am.

Because I have come from there, I will go back and come back. Will it work for me? But it's very easy to say, once you upgrade, then downgrade again. It doesn't happen, correct. Absolutely it doesn't happen. But if you don't have an option then what will you do? The mindset is same. Absolutely.

You said you are good at sales.

Yes.

Teach something about sales that everyone should know. How to sell? First of all, you have to be delusional about your own product.

Agreed.

Because if you do not believe in your own product that you are selling, you cannot convince somebody else. Because sales is basically convincing somebody to believe that this thing will either add value in my life or save my time or upgrade my life. This should be one of the two or three things. You should know what role your product is playing in it. Either it is increasing your status.

If you are selling a luxury watch for example, it increases your status it is also a store of value, its price increases depending on whatever watch you buy after that how many complications are there, how many jewels are there, is it automatic, quads, you should know about the product and then like I said, the category should be clear that what value is it adding in life whether it is increasing status or not or you have to play on that.

So, you can basically close anybody on that. You just need to know your product and how it makes your customer's life easy. You are into watches?

I love watches.

Okay, why?

I feel that watches, they are like jewelry for men. I mean, I believe that wearing a gold chain or that heavy kind of jewelry, I think that doesn't really suit my personality at least. So, according to me, jewelry is watch for me. It's a statement. It's a very... Basically, it introduces you without you introducing yourself.

Because, again, I'm not saying that if you wear a watch worth 1 crore, you will be able to do whatever you can. No, it is an entry ticket. Means if I am sitting with you on the table and I am wearing a watch worth 50 lakhs, you will know that he is someone. There is someone who is earning money. But I wouldn't care.

You wouldn't care. Why? Because that is just the entry ticket. Now, what I am saying openly and what value I am bringing to the conversation is the 90% of the part. But me being a 23 year old, if I normally dressed up and show up like an average 23 year old, then there is a very high chance that I won't be entertained because of my age factor. You won't get the entry ticket. But if I have something to show for that you know I have proved myself, this watch is like a milestone for me. That's an entry ticket.

After that, what I talk about, that is 90% of the job. So again, I am not saying that this is everything. But it gets your foot in the door.

Which watch is this?

This is Audemars Piguet. This is a AP. AP, discontinued model 2022. How much is this? This is about 45 lakhs. So if you wear this watch of 45 lakhs, people give you entry on the table. I mean not literally but you get respect, you get respected. In front of who? In front of important people with whom you have to do business. Like for example, let's say if I want to sit with traders and I am showing up just like that in shorts with no proper dressing sense. See, everyone has a different dressing sense.

Everybody has their own preference. But I feel you need to have something that talks about you as a person, material wise.

Do you think it makes a difference?

It has made a lot of difference to me. Especially in a society like Dubai. Like what? Like in Dubai, there is a lot of show-off. If you don't have anything to show for, you will not be entertained as much.

Really?

Yes. Because this has been my experience living there for the last 3-4 years. Because especially as Indian, most of the labor class, Indian, Pakistani, Nepali, Bangladeshi, these are all guys who are majorly in the construction side and all the labor jobs. So, if you are not presentable, there is a high chance you might be considered in that category. Without I mean, if you are going in an unknown

crowd, there is a high chance. But of course Correct. No one will give you a feeling. So, you either need to show that you are rich or you need to have that charisma where you are able to network with people or you are able to just clearly show them that you can add some value. So without that, because initially when I went to Dubai, I got to see a lot of this.

Because I was not entertained at all. Maybe because I was young, maybe because I didn't have proper dressing sense. Whatever it was, but I saw it a lot in my initial years there.

So once the watch came, is it a car?

It's not a car.

So once the watch came and then you think it makes a difference.

Yeah. Do you think Porsche, McLaren, Lamborghini, etc.

Yes, for sure.

Will make a difference.

It will make a difference. Because you are getting down from a super car in a meeting. Again, that's a milestone. And it is not about... A lot of people get it wrong. A lot of people think that just because he has money,

so they are respecting him. It's not about that. When you are an entrepreneur, when you are a businessman, these cars or these watches, they are like milestones for you. It means that if a person is buying a watch worth 50 lakhs, it means that he must have earned at least 3-4 crores. Or he must have earned at least 10 crores to splurge 50 lakhs on a watch. So that is not showing me 50 lakhs. That is showing me 10 crores rupees that I can see.

From an entrepreneur perspective. Now from a normal perspective, maybe I would think that okay, this guy has spent a lot of money, 50 lakhs. But anybody who is thinking from a businessman side, he will know that he must have earned at least 10 crores to spend 50 lakhs. So that again sets the tone without you talking. But again, now if I

wear this watch I don't know what to talk about, where to open my mouth, where to keep quiet. It's all for a toss. Assume that you know everything. You are a confident person, talented, skilled. Okay. You are an average 20 year old.

Okay.

Which is the majority audience. I keep everyone between 20-40, they are hustlers.

Okay.

We know what we have to do. So if you go to an event,

knowing everything that you know,

what will be the difference?

The difference will be that

Really?

People won't know if it's fake or real. At least after talking to them from a distance, they can know. Maybe. And nowadays, fake has come so much that it is not even known many times. Correct. Right? Until you sit with a lot of glasses or some inner features or whatever that parts are, you call it mechanics, mechanism.

Until then, it won't be known. Movement. So, until then, no one knows. People will come from far and talk about fake. If only from far. And here, what will people know from far about which watch?

True. So, if I am such a person, who has knowledge of watches, or who has good taste, who can spend money. If I am seeing from far, that this person looks like he is wearing a very important watch. Maybe he is someone I should talk to. I will go and talk to him. Now if I am going to see the watch,

then what will I see first? I will see the watch only. Now if I understand that it is fake, then... See again, what I am trying to say here is watch is not everything.

It is an entry ticket. Now if I go there and talk to the person, maybe it is a useless person, he might have done something wrong and taken the watch. But his family gave him something. But when he is opening his mouth, I don't see value. I will back off immediately.

So again, it's not a deal breaker. But do people look at you and talk?

Yes.

It has happened with you? It has happened with me. People's whole attitude has changed towards me. Seeing the watch. Of an important person or random people? Important people. People who are on a higher level than you,

who are rich, they change their attitude

after seeing your watch.

Yes.

You never felt it?

I felt it. I am telling you, in Dubai it is very common. In Dubai, it is very very very common.

I don't know.

Never happened with me. very common. I don't know. Because I met a guy recently, he is the owner of a payment processing company for forex brokers. He wears a Richard Mill that is around 1.5 crores. He is like I don't even know which model this is. I don't even know what will happen to it, what is the value of it, what is not. He even scratched it on the first day. He is like I have only got this for networking because when I wear this, people approach me and then I introduce myself and then I get to talk to people.

So, I know people who are 100x more wealthier than me who are doing this just for networking. So, in Dubai, it is very very very common.

I don't know, maybe in your world.

Maybe in the finance field, maybe. I have been to Dubai. I have networked in Dubai, I have been to events, I have met those billionaires, I have met multi-millionaires, I have met really famous people knew and who I didn't know. And I have not faced any time that someone has reduced my value or didn't talk to me. If I have talked to them, they didn't talk to me. Because I have never worn a watch. You will never see a fancy watch, nor a fancy shoe, nor a fancy suit.

Nothing. Nor did I get out of any fancy car.

Okay.

So, I never faced. That's exactly my point. And I have gotten opportunities after opportunities. And in fact, the kind of opportunities which are offered by 0.01% in the world. That is what I am saying. It is not a deal breaker.

What you say, what you have to offer is 90% of the thing. But it is good to have it. It is not a must to have. That is all I am saying. But coming back to the point, you have been watching this since childhood. And you think that this will change your life. Correct.

That let's buy this car or this house. And what I have noticed is that after buying all this, if you buy a very sexy sports car or a very sexy watch or a very sexy house, you know whose attitude changes?

Those people who cannot afford it.

Correct.

Because you become their dreams and they say that brother has that and they get jealous.

Right.

So you only attract other men who are broke. You don't attract important people who are more successful than you. You don't attract women that you want to attract, you don't attract the kind of networking you would want to have or you would want other people to like you don't attract people who are important and can actually give you opportunities. I would agree on the woman part, you will attract only gold diggers. But like this is what I felt that if you have these sexy things, then you only attract those who cannot afford. You don't attract those who can afford. It makes a difference to them what is the value. Correct. Like I said that's 90% of it. So that's my experience. I have never been driven out of luxury too much.

Yeah.

I have only spent little amount of money in my life in all of these things. Rest you will see me in black t-shirt everyday. Tell me one thing, if you make 100 rupees, how do you spend it? What do you do with 100 rupees?

Today?

Yes. Let's say you make 100 rupees, what do you do? How do you allocate it? 99 rupees goes back in my business expanding. That's insane. I can't live that. I am an all in kind of person. I can't do that.

I spend my life expenses in 1 rupee. Okay. 99 is going back to business just scaling, scaling, scaling. So, your 1 will also be spent for the whole year. But earlier also when it was less, it was 1b.

Yes.

So, today it is coming out. Great.

Right.

Earlier also it was like this. 99% from the beginning. It's a simple philosophy on a scale. I guarantee you, guarantee you, you can see the history.

In our field, in the things that we have touched, you wouldn't see anyone with faster growth than ours. You wouldn't see in last 4-5 years, I'm talking about.

You wouldn't see anyone who has a big setup, infrastructure, team, tools, technology, things as us. That's why I'm here.

Right.

Right.

You wouldn't.

I'm talking about like, And that's the reason. Like I just love reinvesting, reinvesting, reinvesting. I think it's my... It's my responsibility to grow at a pace because so many people have trusted me. I have to break it.

Today we are world number 55.

Okay.

In the whole world,

we are the only Indian podcast which has ever reached the top 200.

Okay. And we have reached globally at 55. So there are just 54 podcasts ahead of us. When we started, there were 10 million ahead of us.

Right.

In 4 years, we have gone there. So for me, 99 also I feel like I am investing less money because I have only 54 left and I want to beat all of them. And if so many people trust me, I want to make sure that we become number one in the world and there is no stone that we leave unturned. So that's why I feel guilty that if I pick up from here and spend on something else. Okay. You feel that you are not being responsible.

Yeah.

What is the definition of success for you? How do you define success? I think success is divided into two parts. If you have to say it in one line. I will tell you two parts. Because relationship wise and professional life both are different. No, give me one line. One line is when more money like

I think success is, I heard this beautiful line, I will actually quote that if you ask me to say it in one line. When more money will not change your life and work, that's success.

Okay.

That whatever you have earned, no matter how much you earn, now your life is not going to change nor your work. Okay. Because maximum people have to earn money, they need success so that they can change their life. They can change their work because they are worried.

Okay.

If you earn as much as you want, it won't change. I think you hit the mark.

Hmm.

That to me is success.

What's for you?

Success for me is pursuit of excellence in everything that I do. Get into. Because I read this book and it was written that when you eat food and when you are full, what kind of feeling do you get? No matter how tasty food comes in front of you, you will not want to eat it because you are full. What if you make the same way with money?

Assume that you earn 1000 crores and you will feel a stomach full when it comes to money. What will you chase then? So, there is something that should be there which is beyond money for you to pursue. Because the only reason why you don't have a 100 crores today is because you don't know what to do with it and you don't know what to do after that. So, for me, the definition is the pursuit of excellence in whatever I do. So, whatever I get into, I want to be excellent in that.

I choose excellence in whatever I do. This is contradictory. You spend not on excellence, you spend on status. Right.

Then?

That's a very good point. But in terms of everything I do in life, now not necessarily for you because you are running a business which is more towards I would say traditional side of things which has operations which has a bunch of team and all of that. For you excellence would be reinvesting in it. For me excellence might be different. Because for me excellence will be that I will sit in front the screen for 20 more hours and I am improving my trading. That is excellence for me. For me, excellence is not an outcome.

For me, excellence is a part of process.

Yeah, your inputs.

Yeah, so for me, excellence is... The work I am doing, I have to bring excellence at this level, only then I will be successful. Your input is not... Success is not excellent. Absolutely. Because of my excellence, I'll be able to achieve success.

That's true.

But your excellence and your inputs doesn't necessarily become good with money.

Hmm.

It doesn't.

Yeah. So your, what you're saying, my spending doesn't really impact my excellence because it's not necessarily monetary. But I'll tell you here's how you, because you said you spend on status. You would spend on hiring the best mentors in the world.

You would spend on experiencing and learning from certain people. I already do that.

If excellence is the thing, then probably your mentors would be way beyond your limits today.

Hmm.

And there are people who would be out of your budget today.

Yeah.

And if you're not chasing them and you're spending on status, then there's a mismatch.

But I also feel when I spend on status, it helps me become a better personality. It helps me talk more about things. Because eventually what I've realized is that when you sit on table with people, it gets you opportunity.

It doesn't get you excellence.

Yes.

Yes.

It'll get you up.

Definition mismatch.

Okay.

I'm just pointing it out what you're saying.

Okay.

That's it.

What I, what I, what I think is key'm saying is that when I spend on certain things, it gives me excellent opportunities. As per my experience.

Okay.

Is what I'm saying. And then I also love to push myself. Again, a lot of people will say that materialism is bad and all of that. Again, no, it's not. You materialism is bad and all of that.

No, it's not.

You think so? Yeah.

Why do you think so? I think to each their own. Everyone has their own way of dealing with life and everyone has their own way of being attracted. It's just like that. I am not immaterial. Okay, let's just put it this way.

I don't like things that increase status.

Okay.

Right.

But do I have to make the biggest house in my city for my mom and dad? Yes, because I want them to be comfortable. I mean, not the biggest house in the city, but let's just say, let's imagine the house they dream of. Do I want that? Yes. Is that a materialistic goal? Yes. Do I want my parents to just fly always business of first class forever their life?

Is that materialistic?

Yes.

That is comfort. Like everyone's definition of materialistic is different. But yes, we live in a materialistic world. I am materialistic. All the people I know are materialistic. Everyone has a different definition. For you materialism is spending on other people, not yourself.

If that's the right way to put it. For me materialism is only, it's a choice for comfort and fulfilling dreams,

not increasing status. Right.

Like, I don't want a bag just to show how good my status is.

No.

I want that bag, if I ever need it, it is so good. Right.

Either my mom wants it or my dad wants it. So, let me put it this way. I might have come off in the wrong fashion. I do not spend on things purely for status. That's not what I'm saying. I wanted to buy this watch for the last three years.

I love saying. I wanted to buy this watch for the last 3 years. I love it. I genuinely love it. Okay. I haven't bought it just because people come and talk to me.

I think you have.

Shut up.

Now you're lying.

No, I'm not lying. This was on my vision board for 3 years. Which is great. But the value for you is it will help you get more opportunities. Yes. Which is okay and anyway bro, you lived your life like this. I am not denying. I am just for the sake of it we were having debate. Yeah. I love just talking to people with different opinions. I respect you.

No, I love it as well. I am not, see I am not trying to compensate for what I said. I am trying to clarify things. I am basically saying that I genuinely like AOS. AP, the brand AP, I genuinely like this watch. AP, the brand, I genuinely like AP. Okay. And then, yes, it is an investment. It increases 5000 dollars every year in value.

It gives status, that's an added bonus. If it didn't give status, I would still buy this watch.

Because I genuinely like it.

Okay. Fair.

Because... If I ever buy it, I will buy it because I like it. I don't care about the status. Right. I like it, I don't care about the status. I, I, yes, I, it is a good to have for me. It is not a must to have. How did you make money?

How did you start? So, I started my journey at 15 years old. I was a fitness influencer. I was an online coach. 15 year old online coach back in 2017. That's how I started.

So, I used to charge 1500 1500 for 3 months plan. I used to write down custom diet plans and workout plans. And then after that I realized that I need to do something that is not time versus money. But why did you start doing this in 15 years? What's the back story? Back story is that I had a very rough childhood, very traumatic childhood. What was that?

So when I was 12 years old, 10 or 12 years old, my father was cheating on my mother with another woman. There was a lot of domestic violence in the house. There was a lot of beatings. He threw us out of the house three times. We were homeless thrice in our lives.

We had to go to relatives door to door that can is the value of money and if you don't have money, then how people treat you. And my father, he also did whatever he could do for money because he was providing money. He could see that no one was supporting us. So he did whatever he could think of and threw us out of the house. Relatives didn't entertain us, so we didn't have an option but to go back to him. And we used to see that everyday. We used to see fights and arguments everyday.

And that went on for 10 years of my life. So... But if it was 10 years, then it was till 20 years. Yes, all of that had a closure very recently.

So...

What do you learn when you come from such a family where you see abuse everyday, you see desperation, you, lack of options.

You're the eldest son? No, I'm the youngest. And how many siblings do you have? I have two brothers. I'm the eldest.

So you and your elder brother both feel helpless.

Yes.

And you see your mom getting beaten up every day. And you come back to her. This is a very terrible situation. I can't even imagine what you were going through. I don't think anybody who hasn't gone through this can understand.

Right?

What do you learn in this situation?

The biggest lesson is to be self-reliant in all ways possible. Now, you know, when you ask me this question, I am rather thinking of the damage it has done to me. Because very recently I came across a lot of things that were affecting my life very negatively. But if we have to talk about the positives... But tell me damages first. We'll talk about positively. Yeah.

So the damage was... It gave me a lot of negative patterns from my father. Like? Like control, threats, everything that I had to do. There was always a degree of control involved in whatever we used to do. So I was...

What do you mean? I mean, look, we have to go on a trip. In our life, till the time I was 19 years old, I had not been on a plane. And till the age of 19, we used to go only to one place and that was Mableshwar. I had never gone out of Maharashtra. Why did we go to Mableshwar? Because father has to go there. We never used to take suggestions or opinions because he was providing financially. So, it was in my mind that if I am providing financially to someone, I can control them.

That is a pattern I picked up subconsciously which I didn't realize till now. The other thing was what to learn from positive? Positive, I understood the value of money. That you know, I understood the value of money. I also, again you can see this in a negative or positive way, but I lost trust in humans because nobody helped us.

And the person... Nobody helped you, means why? Means when all this happened, my father threw us out. My relatives didn't help anyone. Why didn't your relatives help? I don't know, everybody saw it as a burden.

Surprisingly, I have some uncles, They are very well-to-do. They all live in bungalows. They all live in villas. Nobody helped us. Nobody was ready to keep us. And my uncles from my mom's side, they used to go to their workplace.

Their wives used to torture us. I have a specific experience. We were locked in a room. We were told not to come out of the room. Sometimes, there was no water in the bathroom. So, we were not allowed to take a bath. We used to eat the leftover food that was cooked by the family.

There is an incident that I will never forget. I was in school when all this was happening. The bus used to come down and we used to go. So, one of my aunts,

I woke up in the morning. I was almost go to school. So, my aunt, I woke up in the morning,

I was almost ready for school and my cousin, we both used to go to the same school. She saw that I am late, so she sent him faster, so that I could leave.

So, these are the things that I have seen growing up. And I just lost faith in humans. That there is anybody who wants me better except for myself. So I became extremely self-reliant. Because of that my mindset became very bulletproof.

And then I was very sure that this is rock bottom. If I don't help myself, nobody will.

What happened after that?

After that I understood what I am capable of. After that I slowly understood my potential. From where. How? There must be a lot of people who don't have such a story, but a similar story of this type, who must be feeling helpless.

They have to earn money, they have to get out of that rut. For themselves, for their parents, for their partner, for their wife, for their husband, whatever. Like they want to get it out. So, what did you do? What was the first thing? From somewhere, in 15 years, fitness influencer. Where did you get the idea that you can make money?

What was the insight? When you speak about helplessness, one experiment was done on people. Okay, the experiment was basically that there were two groups of people. Group A and Group B. Now, group A was made to sit in a room.

There was a chair with everyone. There was a button on it. There was a very annoying sound that was being played. If you press the button, the sound would stop. Okay. That was the test done. There was Group B in which if you press the button, the sound would not stop.

After that what happened, eventually the Group B, the experiment was done again after a few months. Group B did not even bother to press the button because they thought that if they press the button, it won't work. And that is called as taught helplessness. You have taught yourself to be helpless. And that is what I was running from. Because I knew that if I don't do it, then nothing will happen at home.

And coming to your main question, I got the proof of concept. And that I am earning a little by doing fitness influencing. How did you get the idea of fitness influencing? Basically, the idea was that I used to use Instagram. Now I started going to the gym. So I started posting.

Now I was 45 kilos. I was very skinny. Very very skinny. Now I started posting. I was 45 kilos. I was very skinny. Very very skinny. Now I started posting my journey. And I was very fond of posting photos and all that. So I started my journey. After that I understood that this is the thing for which I can charge.

Then I was following certain fitness influencers. And I used to see that they were giving coaching. So I said why can't I do it? Because I have also gained weight. I have also made my body. So, I do it because I also want to make money. So, that's how I started. Now, by following other people,

by seeing other people, the things you were doing, you said that I will do it for my life. Correct. I did a simple copy paste. And I was doing of course for cheaper. I was charging 500 rupees per month.

And I, while growing up, the maximum money my father has made is 1 lakh rupees per month. So, for me, earning 50,000, 10,000, 20,000 rupees was a big deal. Because I am coming from a family. Now I have started earning 20,000-25,000 rupees. Fitness influencing. Sick.

I used to do training. After that I got an idea to write an e-book. That I write an e-book. I can sell it to many people. So, I wrote an e-book on nutrition, I wrote an e-book on workout programs, and I started selling them. That is how I made my first 1 lakh rupees.

Nice.

By selling e-books.

How old were you then?

I was 15-16 years old then.

Sweet.

That is how I made my first lakh. Now, I understood that whatever is happening is right. I used to send people on Instagram DMs. I was reaching out to them, Hey bro, do you want my e-book? I learned sales there. I was doing door to door sales but online. I learned sales there, how to close people.

I learned all that. I learned a little bit of business there. Then technically, it was not a proper business. Because there was no cost involved. I have to take my knowledge and make it in PDF on Canva and sell it. So I was doing that but my sales were very strong.

I learnt how to sell myself. There my personal brand was born. Now there came a point that I had so many clients where I was not able to focus on anything else in my life. Now then I took commerce after college and I wanted to become a CA. I wanted to become a chartered accountant. So I was took commerce after college and I wanted to become a CA. I wanted to become a chartered accountant. So, I was doing commerce.

Now, naturally, the concept of stock market came. So, then I understood that the money I am earning, I am spending it all on myself. So, there is also another concept of multiplying money. To earn more money and multiply it. So, initially, I came across investing.

So, I started with investing. First investment, Yes Bank. I bought Yes Bank at around 40 rupees. In a year, it was at 4 rupees. 4 rupees or 8 rupees, whatever it was. But I had a 90% crash.

So, that was a shocker for me. Then I started reading. Reading books changed my life. So, the first book I ordered ever was Intelligent Investor. Book order was opened by Benjamin Graham. I didn't understand anything. Then I said, this is a very advanced thing.

I see something simple. So, I ordered Rich Dad Poor Dad. That is where my, I would say, finance journey started. From there, I got into stock market, started investing. Then I understood that there is something after trading. From there, I got into stock market, started investing. Then I understood that there is something called trading. From there I got into trading. So what did you understand by trading?

After trading I understood that this is a very dangerous thing. Here you can lose everything you have. No, I mean where did you get the idea of getting into trading? The idea of getting into trading out of curiosity. I was just looking. I understood that I won't be able to earn a lot of money with this fitness thing. I will be tied to a lot of people, I will have to live life according to them.

And again, you can connect this dot to my childhood trauma. Because I was always controlled, I never wanted to do a job. I always wanted to do something of my own where no one would control me. Because I have been controlled controlled since childhood severely. So it was very clear to me that I don't want to do anything which you know puts me under someone's obligation, puts me under someone's authority.

So then I understood that I won't be able to do fitness in long term. So I will have to get into this. And when I understood the concept of trading, I said that this is good because I myself an introvert and no inventory, no creditors, debtors, no sales, nothing, no customer support. Your capital, you sitting in front of your screen battling your emotions. I thought this is a very good life.

Then, I am talking about 2018-2019. The boom of content creation came after COVID. There were not so many trading influencers then. Then people used to just talk about trading, no flashy stuff. Right. So, at that time, I was lucky enough to find good people and I learned from YouTube here and there.

Who did you learn from? So, there is a trader, his name is Trend Trader Karan.

Trend.

Okay.

I might be mispronouncing, I don't remember. I don't even know if he is on social media or not. But I saw his video. When I saw his video, he made 2 lakh rupees in a single day. I said, this is a good thing. Something is happening. So, I got lured into it by seeing the quick money one. But then of course, very quickly market humbled me. I lost money, a lot of money. How much money did you lose? In starting, I started with 14000 rupees. Because I didn't save money.

I used to spend whatever I earned. I was very fond of shoes. I used to buy fake shoes. Because my income was not enough to buy original Jordan. So I was earning 1,000 rupees.

Initially, when I was earning, I used to buy fake shoes. When I started earning 1 lakh rupees, then I got into investing and I got into trading. Then I started investing money, that was my capital.

But I started trading with 14000 rupees. Out of which 7000 was my brother's and 7000 was mine. Out of which I lost half of it in a week. So I got scared and said, listen brother, keep this money back. I will see it on my own. I will do what I am earning. We will see later.

So, my brother supported me. But I said, wait, I am a little scared. So, that's how I started with my own money. I lost about a lakh of my own money.

Then my mom got some land money.

There was some division in the family. My mom got 50,000 rupees.

My mom was seeing that he is working so hard and she wanted to support me. So, she gave me the 50,000 rupees. I took that 50,000 rupees. I lost 25,000. Half of it again. That was the turning point of my journey. Because when you lose your own money, it doesn't really bother you much.

Because you know that it is yours. I don't have to answer anybody. But my mom and my brother, they were looking at me with so much hope because I already proved to them that I can make money via fitness. Now, I'm a hero according to them.

I'm doing good according to them. I'm going to make money.

You've made lakhs.

Yes, this is what will remove our pain. So, I became that. Now, how do I tell them that my condition is bad. I have lost money. I was so in a tough spot mentally. How do I tell them that I am in a bad condition.

They give me 50,000 and I lost 25,000 in a day. So then I took a pause. And then I was like I am doing something very was like that I am doing something horribly wrong. Then I took a pause and I was like that let's see, let's try to understand that what are the people who are actually earning money from trading doing? How are they doing things? Let me try to copy them. And I am a very big believer in this concept that don't use your brain.

Because if you had the brain to do something, you would have already done it. But if you haven't done it yet, then it means you haven't got that much brain. So learn from that, it is there. So I started completely copy pasting successful traders. Reading books, watching on YouTube. That's when I saw my first success.

Then I made that 25000 into 4 lakhs in a span of a year. And that was my first trading success. And that is when I again gained my self-confidence. And you were 19 or 20 years old? I was 18 years old. I was not even at the legal trading age. I turned 18 at the end of that.

So then I made 25000 into 4 lakhs and that is when I got that proof of concept that trading also works. Till then I did some investment and I made some money from investing. And by that point of time I was making around 1-2 lakh rupees a month. And this is out of trading. Out of trading. Then I stopped fitness.

My e-book used to sell a little bit but then my ratio was almost 90-10. 90% trading, 10% this. Then I understood that when I was almost 90-10. 90% trading, 10% this. Then I understood that when I was learning, I didn't get a proper guide who could tell me A to Z. So I was like I will choose that person who has taught people from A to Z for free of cost.

And my YouTube is basically filled of that. I can guarantee that if you go to my YouTube and watch all the videos from start to end, you will be ahead of 90% of the crowd. Free of cost. Because that was my entire intention of starting.

I never started for followers. I never started for views. My first year on YouTube, I posted every single Saturday 9 PM Indian Standard Time without fail. For a year, I had 2000 subscribers.

For a whole year, I used to get 200-300 views. In the next 3 months, I had 100,000 subscribers. I uploaded a video about my journey that went 1.5 million something and lot of people loved it and that was the blow up of my social media thing. 100k views. 100k. 1 million views and 100k subscribers. So, that was my social media journey's start. But there was no guide. I wanted to be that person. And that's why I got into the education business.

Coming back to your life. Tell me your life. Life of a trader. Life of a trader. Where do you spend? How many hours do you work? Where do you travel? So, now you have earned, you have folded in life.

No, man. not like that. Yes, you have to do a lot now, but you have done it today. You are talking about a 15 year old, and from there you have folded here. Yes, that's right. So, today, see, one thing that I am really proud of is

there was a point of time in my life where my family had to beg in front of others to keep us. And the only thing that I'm really proud of today is that they will never have to worry about how the house will run and who will take care of us. I've taken care of that and that is something I'm really proud of. Apart from that,

I do all these things for fun. Materialism and all of that. I love it. I really like buying stuff like this.

Where do you spend?

On watches. I love shoes. I love wearing clothes. Now for example... Of course, quite luxury. One of the most expensive brands in the world. So, now on this also, you know, it's not for me. For me, why was this fascinating? Because he explained to me that this is Merino Virgin wool.

Now what is Merino Virgin wool? Merino wool is a very rare sheep's breed. Merino wool is that. Now what is Merino Virgin wool? Virgin wool is basically the wool that is first grown.

The wool that is first grown that is much softer. So, Merino Virgin wool has come from Italy. So, I have worn a cloth worth 500 rupees in my life. So, for me, I want to experience

what the hell is it.

What does it feel like on the body? Exactly, what is it? How does it feel? How much is this t-shirt? This is 1 lakh. This is worth 1 lakh.

So, for me, it was, it is, when I buy such things, I get a breakthrough. Because I feel that if I can afford 1 lakh rupees to spend on a t-shirt. I am unlocking a newer mindset for myself. Where now 1 lakh rupees is a bit low for me.

Not in a way where I am devaluing money. But in a way where I am thinking big. So for me when I buy stuff like this, It pushes me more. You know to do better. Now there can be many interpretations of this.

Like we have had a decent discussion on it. So, a watch worth 50 lakhs, a t-shirt worth 1 lakh, pants? They are, these are very cheap. I got them stitched in Thailand, in Bangkok. So, these must be 5000 rupees.

Okay, 5000 that. And what shoes are you wearing today?

I am wearing Hermes sandals. They are 1 lakh.

1 lakh. 1 lakh? Interesting.

And this is, you missed this, the frame, these are also 1 lakh. Which one is this? This is Lindbergh. These are full titanium unbreakable.

Okay. So you are wearing Hermes, you are wearing Loro Piana, you are wearing AP and this is Lindbergh. Lindbergh. Lindberg. Linberg. Interesting. Okay. So, from top to bottom, you are roaming around for lakhs.

Correct.

55 lakhs, how much?

50, 51, 52, actually 45, right?

45.

45, 46, 47, 48, 48 lakhs is per day you have. Per day means I have the outfit, that much. I mean, Of course.

2-3 lakhs are changing every day.

Not 45. Correct.

And how many watches do you have?

I have three.

I have a Cartier and I have a Rolex. So this is the most expensive one that I got recently. Why do you do all of this? All this, This online trading world, This works in the image of online guru.

Absolutely.

People buy more, people get attracted. They might even abuse you because you do such things and attract them, you don't have anything in reality. So, I think it's a very fine line and if you know how to play with it, you can do very well. And so basically what happens is that this stuff itself,

like you said previously that when you do all this then you will only appeal to those who cannot afford it. But you are giving them aspiration. They are aspiring to become like you. Now that in itself is not right to do according to me. Because so let me finish on what I was saying.

So I was saying basically that, I was saying that basically what a lot of people are doing, they are showing aspirational stuff. But when it comes to teaching people how to do it, then they are not providing the actual value.

So, I think doing that is wrong.

Okay.

Doing that is wrong. Again, somebody might say that no, but people are getting inspired. Sure, go ahead. But according to me, that is wrong. That you are not showing them any way by exciting people. I do it like this that I excite people

but I have a value-driven system at the back end which if they want to use, they can do. So, it definitely sells on social media. Do I buy all this for social media? No. I do have taste in all of this stuff and I love what I buy basically. That's why I buy. It helps in social media, absolutely, no denying in that.

But showing such a luxury lifestyle increases the sales. Yes.

And then if there is sales and if you give a garbage product then? Then people eventually will leave you. Because eventually what you want is that if I am doing a business, my customer ticket should have actual value and actual impact. Because if impact is created, I will be able to sell more expensive products and upsell it. If you show only value and not show that I have Lamborghini and AP, I live in, lifestyle, Bugatti, all that. Okay. Crazy, which is going to rent, get two photos taken, people usually do.

Okay.

If you don't do that and talk only about value and talk about genuine life changing, then what happens? The truth is that people will not come to you. On social media, I am talking about social media. On social media, see what I believe in is that there are two factors here, two elements here. One is social media, one is what you do. You are talking about social media.

Talking about social media. Pure social media. Talking about pure social media.

People won't come.

Won't come. Why? If you are providing only value-driven content, people won't come. Because not everybody, as I was saying, that one is what you are doing and the other is social media.

Whatever you are doing, you are doing it above social media. That doesn't necessarily mean that it will go viral on social media. Because you are operating on an algorithm and on a platform that requires you to do something because of which it goes viral. But now if I am a trader and I am talking about trading only on YouTube live and teaching only trading,

I am not learning how to design a thumbnail, I am not learning how to do SEO, how to rank a YouTube video, how to rank in YouTube search, how to rank in a browser feature. So, I am not respecting the algorithm in a way. So, I need to know how to exploit the algorithm

to push what I am doing. So, there are two elements that you need to master. One is social media and the other is what you are doing. So, a lot of people are very good at social media but they are not providing value at what they are doing. Very few people are able to actually provide value and who are actually good at social media. So, by showing educational content on social media

you can become successful, you can do a lot of work.

Why not show life?

Because that is what sells. You can't scale only educational content.

We do that.

Yes, you do that. Bro, you are on a different level. And I think what you talk about is that you are not talking about a specific niche. I will talk about trading a lot. If you come to me after trading,

and ask me to teach you, I will say that you have to do back testing, then you do forward testing, which you have to me, tell me to teach you. I will say, look, you have to do back testing, after that you do forward testing, which you have to test in the real market, after that keep doing it. Now what more can I tell you?

So... Don't you feel that if you show lifestyle, I am asking again, thought experiment. Because you show such lifestyle, which people think that my life will change overnight

and I will also travel in expensive cars and expensive cars in Dubai.

Right?

So, you attract people like that only, who want to change overnight. So, hardworking people who want to study, learn and actually work, you can't attract them.

Don't you think so?

I think so that I... that is a good perspective. But those are the people who are not doing their research and homework. Like I said, they are doom scrolling.

But they will be attracted to it.

They will be attracted but they will never buy it. I know they will never buy.

After seeing the aspiration, I will have a hope that maybe if this Lamborghini changes my life, let me click. People do it.

Okay, they do it but I think there is a very small percentage of people. That's a large percentage of people. Really, I don't think so.

Don't you think so?

I don't think so. I'll make a video today. Okay.

I'll rent a sexy car and go to Dubai. I'll show that to people. Great. Everyone will want to see.

Now let's make a thumbnail. Okay. I'll make a vlog. How I turned around my life through content creation. Okay. And I rented everything from here, first class trip to Dubai.

Okay.

I rented a car, stayed in an expensive hotel, made everything. End to end, I will shoot everything professionally and come back. Everything will be done in 5-7 lakhs. Right. It won't take more than this, it will take less. In 5 lakhs, everything will be done.

And I started a lot of ads. That come, become a content creator overnight and such a life will be made. Okay. All the same people will come to whom. Versus I create an ad or I create content where I teach people. They make such hooks, select such niches, educate them, provide such values. In the same way, you replicate this content.

What is replicate? Growth metrics are there. and provide such values. In the same way, you replicate this content. What is replicate? It is a growth matrix. After the growth matrix, XYZ, XYZ, XYZ. There, only a few people will learn this, who will have to learn the actual.

And then, whatever they do, their life will change. Few people will come, but intelligent, specific, understanding people will come.

Correct.

Here, people will go by looking at the car. The views have also changed a lot. Correct. And that is exactly why I do both. So, I will tell you how I juggle around this. Now, what I feel is that the audience on Instagram On Instagram, people do not open Instagram to consume.

People open Instagram for entertainment. That is what I believe. If I am opening Instagram, then I don't need knowledge. Necessarily. Now, There might be 1% people who just follow people like Alex Hermouzi and all that crowd. Just to learn. Yes, there might be people like that.

But majority of the people, they open Instagram for entertainment. So, I want to show something in 5-6 seconds that will make a person get shocked or hooked with my content. And I do that only. Now, as far as what you are talking about educational and value-driven content,

I do that on YouTube. So, I have more than 100 YouTube videos on YouTube that are pure education and value. So, I am juggling between the two. And if you think about it, that is why your YouTube is so big compared to your Instagram. Because you are doing educational content. So, 11 million people want to learn from you. Because you are doing only education.

But Instagram has 4.1 million. That's also only education. It's not small but I am comparing the two. I am saying YouTube is bigger. Because people come to YouTube to gain knowledge. So I am basically juggling between the two.

I have a very I would say sweet spot between the two. Because if you are coming to Instagram and you are hooked on my lifestyle. Okay. And let's say you buy it.

At the end of the day, I am connecting you with a value-driven system where you will be successful. If you are doing hard work. So I think what I am doing is a very sweet spot. Juggling between the two.

I am exploiting both the platforms and both the mentalities. God, maybe. I was... I don't like it in my mind that if someone is providing a lot of value then he needs to do all this. Correct.

Because if your content is actually gold, then only people can change their lives.

People will come to their own.

Hmm.

But maybe if it's working for you and it's a shortcut that you figured out, maybe it works. I've never tried, I will never try it.

Yeah.

I will never show any lifestyle. I think that if maximum people come for entertainment on Instagram, YouTube or social media, we don't need maximum people. Okay. Our audience is very educational driven. I want to give content to those who want to learn, who want education, who want to move forward in life, who want personal growth, who want to be inspired. I make content for them. I am a human being anyway. I will keep making for them. I will sell something, buy something, bring courses, bring people, wherever I am in the world, I will keep, I will bring courses, I will bring people, I will do that wherever I am in the world. I was asking you from my point of view that if he won't do it, what will he do?

Hmm.

Maybe this will make it to the podcast or no, I don't know. I am just asking you generally out of curiosity. So, I am basically telling you that what I am doing, I mean I have told the mentality of people that I am entertaining people. What I am doing also, you will see my content, like Bugatti reel, whatever views that is there. Now in that I have given a mindset to people.

It is an aspirational mindset. Now the person who is inspired by my aspirational mindset, he has to do something in life. No, I am not talking about that kind of content. I am saying that how do you run all those ads? What you said is fair. I think it's a smart reel to me.

Right.

Like it's a great reel. It's a great mindset reel from a hustler. I don't know what is the back story and front story of the people who want to tell the world. It's a f**king smart thing and I think kudos to you that you thought well.

Right.

And we talked about good mindset that if you come to a bigger place than you, you will know that whatever you are doing is very small. Learn what people are doing in the world and how they are doing it. Agreed. I am asking that people who run ads,

which is a Lamborghini,

Buy my course, then a man will get down from the amogra and say that I had a poor life before and now I have become a rich man. And I did this because this was my trading course. That to me is a little problematic. Do you do that? I agree with you and I have never wanted to do that. I tried it once.

I did not like it. My conscious did not allow me to continue that. We did that for a few webinars. I have like it. My conscious did not allow me to continue that. We did that for a few webinars. I have done it. But I didn't like to do that honestly.

But do you still do it?

No, no.

We've stopped. But we did it for a few months. That's what I was asking. Not the reels that you're making.

Not that.

We did it for a few months.

And it worked?

No. that you are making. Not that. I did it for 1-2 months. And it worked? No, it didn't work. See, I think, I don't believe in that thing that's why it didn't work. If I believe in that and you know, basically I don't like being salesy. I will make motivational content

and inspire people. I will give value and provide value to people. But I don't like to push. I will never value to people by giving value. But I don't like to push it. I mean I will never put that story that today my course is 50% off, you have to take it today. I don't do that. I can't do that.

That's what I was asking.

That's, that's, my conscience doesn't allow me to do that. But giving the course 50% off is not a problem. That's not a problem. But pushing it to people in a very salesy manner. According to me, if your product is genuinely good, then you don't have to really push it very much. Exactly. People will come. You show inspiration, you show aspiration, you show value,

and you show some transformation, people will come.

Correct. That's exactly what we do. Got it. Well, that's it. That's I think almost every question. One question that you say a lot on your social media, bulletproof, and you just said it in the middle of the conversation. What is bulletproof mindset?

Bulletproof mindset was actually a series that I started, where I talk on specific topics about my mindset, how I have changed things, how I have transformed myself, how I perceive certain things. So that's what I call the bulletproof mindset, which is unshakable, unbreakable under any circumstance.

How can somebody build that mindset? I think through suffering. I think there are certain things just kill you have to suffer in life and not necessarily meaning the negative suffering. Okay. What's our log?

Okay. Keyer. I'm with you.

May pass a bundle. I was he asks me key. He asked me that I am born in a business family. My people around me are amazing. Everything is absolutely amazing. People around me love me. Healthy family, growing family.

Now where do I find tragedy in my life? I said, why are you finding tragedy? He was like, then how will I struggle? I said, listen, if you are in a successful family, it means that someone has worked hard for it. Somebody had to work hard for it.

Whether it was 100 years ago or 50 years ago, somebody had to work hard for it. It is your responsibility now to make sure that the 50 years that you have built, you build it more. That is your responsibility if you are born in such a good family.

And I am happy for you. So, you have to consciously put yourself in such a situation where you suffer. Like I said, do one thing, you know what? You are very comfortable in life. You go out and stay in another city, away from your home. Stay for a month and you will learn a lot.

Do that. Put yourself out in uncomfortable situations. And that is what will make you a better person. That will teach you a lot. So that is

what the bulletproof mindset is. Doing things which you are willingly uncomfortable about. And there's a very interesting theory behind this. I mean, there's some psychology

behind it. I think, so there's a part of our brain is called as a prefrontal cortex. Something like that. That grows when you do things you don't like. Yes, when you do uncomfortable things.

When you do uncomfortable things. The front side. The most fascinating thing about that I like it about is If I am going to run at 6 in the morning I don't like it.

My brain part will keep growing. The moment I stop minding doing that, I mean, one day, one month, two months have passed since I did it. Now in the third month, I am saying, now I have got used to it.

Then that part will stop growing. Yeah, you need another level of challenge. Exactly, exactly. I love cold showers. I purposely take only cold showers. So, I purposely do those things to push myself beyond a comfort zone.

To shock your brain.

Because if you think about my life, I am 23. I don't have to think before buying anything. Unless it's a big thing like a property or something extravagant. But I don't have to think before buying anything. We go to any restaurant, we don't have to look at the menu price. I am at that level. So I have to find things again and again that push me.

And that is also another reason why I might buy stuff like this. So I keep finding that stuff and I keep putting myself in such situations. Interesting. And it's, I think, I believe in putting yourself in uncomfortable situations. I think that's the only way to grow. And if you are obsessed with growth in life, then you have to make yourself uncomfortable in whatever situation you are in. Now you can make yourself uncomfortable by choosing a dream which is out of your reach.

Yeah.

Or by making little things in your life very very uncomfortable which pushes you as an individual on a daily basis. Well, thank you so much sir. Thank you for coming. Thank you for having me. You spoke everything openly on the podcast

and you actually shared so many things and you didn't mind me actually going through certain debates and counters.

So, thank you so much.

No, I loved it. I got different perspective and I am glad we spoke about it.

Thank you.

Questioning pattern was more of an insight for me.

I think I am very curious. I am like this since childhood.

Like I am a 16 year old kid who is curious about everything.

Yeah.

So, I want to know everything. Thank you so much for watching this episode till the end. Now you have to do 3 things. First of all, subscribe to this channel. Because the more you subscribe, the more valuable and better guests we will be able to bring for you. No. 2, tell me in the comments what you liked and what you didn't like in this episode. So that we don't repeat those mistakes.

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