A journey through the ups and downs of a successful trader
Here’s the story of an ordinary man who succeeded in the share/forex market. Mithun was not born with a silver spoon in his mouth, but to an orthodox family and had a very modest upbringing. He had nothing exciting or extraordinary in his life to claim about.
But today, Mithun is a trading hero. He is a perfect example of how to become financially successful in life without investing lots of money.
How did Mithun become successful at trading? What helped him to surge ahead in this field? If you are curious to know about all these, then read on – you are about to know the real-life story of how a common man, like our next-door neighbor, got to the elite trading class through his own perseverance and attitude.
Phase I – The Beginning
Since his early childhood, Mithun was someone who believed in his own abilities. In fact, he believes that anybody can achieve anything if given proper time and effort. So, taking inspiration from his mother, he decided to go ahead in the field of stock/forex trading.
Mithun might not have had a million dollars when he decided to trade high, but what he had was a perfect game plan. He took his time and decided to prepare thoroughly. He attended training in different parts of the world. He then started trading cautiously focusing on consistent performance. His unwavering focus and realistic approach toward trading helped him to improve his performance every month. He started reaping a sizable profit every month.
But he was not satisfied with that alone. He knew that there was something lacking in his performance. So he undertook the daunting task of analyzing the trading styles and thinking patterns of successful traders around the world. This careful analysis helped him to conclude crucial factors that lead to his success in the forex/stock market. We may call this the first phase of Mithun’s journey to becoming a successful trader.
Phase II – Self-Mentoring
Having identified these attributes, he then started the painstaking journey of building those attributes in himself. He changed his trading style, developed a trading philosophy of his own, and started following it and perfecting it. Once he started doing this, it changed his whole trading journey. Soon, he witnessed a rapid growth spur in his journey and he was able to break the frames and get to the top.
One of his striking performances was when he cashed in on a pyramiding opportunity and made USD 120,000 in a span of just two weeks. Such top-level performance soon helped him to achieve his dream of gaining financial freedom in his life. Not only that, he also started having enough time in his life for pursuing his passions. Once he went for a two-month-long car trip with his friend in his brand new car around what is popularly known as the Golden Quadrilateral covering 18 different states of India.
Phase III – Proprietary Trading
Mithun started managing corporate funds with good results. However, he wanted to challenge himself and achieve more. So he set a goal for 2016 and built a fool-proof strategy to achieve that. As a result, in 2016, Mithun showcased a stunning performance that helped him achieve his goal in 6 months! You may go through Mithun’s performance statistics for the year 2016 given below:
This performance took him to the global level. Mithun became a trader that other global traders started looking up to and following. Seeing his consistent awesome performance, he was invited to Dubai by a reputed fund managing company to work as their proprietary trader! This really was a recognition for his skills and knowledge in the industry as a successful trader.
His experience as a proprietary trader gave him unique wisdom on forex trading. In identifying this, he wasted no time including this in his Master Mentoring Program. This totally changed the results that his trainees got. They started showing consistent gains with minimal risks. Over the past two years, the results have only grown better and better – and now his training has reached a level where he has started producing traders who reap manifolds of their investment.
So how does Mithun achieve such success? Let’s hear his own words.
“Well, there are no shortcuts to success. One has to learn different risk management, money management, and self-management in order to achieve success.”
“I attribute my success to three main factors:
• The mentoring that I received – I was lucky to get trained by my mentors who had global exposure
• The systematic step-by-step method that I developed for risk minimization – I still follow that
• The higher level of emotional discipline that I maintain”
Phase IV – Mentoring And Consulting Services
However, Mithun was not content with that. To quote him,
“No success is a real success unless you make changes in the lives of other people.” So he started thinking “How can I help others to make money as I do?”
This led him to think about sharing his knowledge and skill with budding traders and those having a passion for trading but did not know what to do. He first started by giving tips to fellow traders and encouraging his friends to step into the world of stock trading. This attempt benefitted many people.
However, there was one major drawback to this. Mithun found that his fellow traders are heavily dependent on him and his tips for good performance. Moreover, these individual accounts were small and their expectations high. Giving personal attention to each of these individuals was an exhaustive task and drained him of his time and energy.
For a moment, he thought his decision to help others was not a good one and that it had backfired! He realised that he should focus more on making individual clients self-reliant and use his time and resources to serve corporate clients. So, he started offering various services to corporates and helped individuals with unique mentoring sessions.
Serving Corporates:-
Mithun started offering hedging solutions to jewelers and other industries with a special emphasis on risk management. He also started offering facilitation services to those companies that would like to become brokers at the institutional level, by providing better deals and white labeling. Besides these, he also started offering consultancy services to corporate clients.
Group Mentoring:-
His decision to provide mentoring services gave birth to a unique program called Mithun’s Master Mentoring Program. Through this program, he offers mentoring services to passionate traders desirous of becoming self-reliant in stock/forex trading. This program was an instant success. It helped him to assist existing traders struggling with average performance take their performance to a whole new level and also to create many new traders who would skyrocket their performance in just a matter of 2-3 months. The success story of one such mentee – Mr. Vijay Raghavan– is worth mentioning here.
Vijay started trading with a small investment of USD 5,000 after undergoing professional training in Forex trading. However, he failed to find his rhythm in the market in the initial stages. Hence, he chose to undergo personal mentoring from Mithun. This gave him valuable insights into his own trading style and helped him understand what works best for him. Soon, he identified his shortcomings and channeled his energy toward improving them. His whole approach to trading underwent a complete change as a result of this. Now, he is one of the top performers among Mithun’s mentees.
Mithun continues to inspire people around the world who wish to achieve success through trading and gain financial freedom in their lives.
