Willing to trade an open minded woman

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Mahek Shah. This story appears in the 09 April, issue of Forbes India. You can buy our tablet version from Magzter. To visit our Archives. Younger and inclusive: Meet the new Modi Cabinet. MS Dhoni at Milestones of his illustrious career. El Salvador considers mining Bitcoin using energy from a volcano. Battle of the bubbly: French champagne makers incensed by Russia law. When your nerves get the best of you, change the narrative.

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Full Bio. Full Bio Recent Most Popular. Mahek Shah Do you even know what volumes mean in the stock market? She had just started trading a year earlier, as a year-old, and was asked this question by a man who found it difficult to take Willing to trade an open minded woman, or women in general, seriously when it came to trading on Dalal Street. But Shah let her work speak for itself. Intrigued by the stock market, Shah first tried her hand at intraday trading in while she was still in college, armed with savings of Rs 20, She was fascinated by the thrill of it all: The dynamic price movements right in front of her eyes, the constant tracking and monitoring of stocks, the determination to understand technical terms, and the rush of earning good profits when she made the right decisions.

She started day trading full-time after graduating inher eyes glued to her laptop screen between 9 am and 4 pm, five days a week. There were losses too: Three months into her trading inMumbai-based Shah lost Rs 10, while trading with a capital of Rs 40, Later, she lost Rs 40, while taking up multiple trades to cover up for the loss made in one trade on a single day. Shah learnt how to be more cautious, how to implement stop-loss limits to trades every day, how to be calm and focussed even when the markets are volatile, and how to tirelessly keep learning.

Shah is now pursuing a postgraduate degree in finance and investment banking in the UK. Even after a 25 percent scholarship, the tuition fee came to Rs 12 lakh, half of which she paid from the profits she made as a day trader.

The rest was sponsored by her family, which she intends to repay soon.

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She has just moved to the UK for her year-long course, but has no intention of quitting intraday trading. The stock market, with all its -crunching, technicalities, risk and volatility, has traditionally been a male domain. It continues to be largely so, but more women in the country are gradually participating in trading and investing, particularly in equity, with the upsides being money, financial independence and a flexible career. The widening reach of the internet, the freedom to work remotely, low initial investments, access to training resources and inspiration from other successful women are encouraging them to take this up.

The average age is 30, says co-founder Nikhil Kamath, and the average ticket size women invest is about Rs 80, A survey conducted by online investment platform Groww among 28, women investors in March indicated that more of them are emerging as primary decision-makers for their wealth, as opposed to turning to the men in their family.

In the 18 to 25 age group, almost 60 percent women say they take their own financial decisions. According to a September report in The Hindu, stock broking fintech startup Fyers acquired 20, new customers between last May and September, 10 percent of whom were women. Lxme, a financial platform dedicated to women, conducted several bootcamps to improve financial literacy last year, which saw participation from over 25, women.

The transaction platform was launched inan online community inand currently, Lxme has over 15, women investors. The 6,odd women on its members-only Facebook will be onboarded on the app by April. Gupta believes women are increasing their participation despite market conventions being stacked against them. Second, markets are often projected as a zero-sum game.

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Women, being cautious investors, want to protect what they have instead of taking huge amounts of risk. So they are put off by the perception that they should enter the markets only if they are willing to lose all their money. Most of the generation stuck to investment options like fixed deposits or gold, thus nurturing the mindset that markets are not for everyone.

She started trading three years ago without a mentor, poring through books, online resources and social media, where she found other helpful traders who introduced her to different trading methods and strategies like technical analysis, market profile, options trading etc. Priyal Anil Bagri.

Photo by Rajesh Bansod for Willing to trade an open minded woman India The Mumbai resident says anyone who is serious about trading has a journey where they go from big losses to small losses to break evens to small profits and finally big profits. But they have to be willing to put in the hard work. But you have to be willing to put in the time.

You cannot survive only on tips from others. Priyal Anil Bagri, 25, agrees. According to her, coming up with one good investment idea every 12 months is more rewarding than coming up with 12 trading bets in one day. Bagri dropped out of chartered ancy training in to pursue equity investing.

She swears by three rules for thriving in the stock market: Analysing the intrinsic value of only businesses she can understand, being agile in the market by taking losses on her chin and constantly learning, and chasing an aim to compound and double her wealth every three years.

Bagri started off with a Rs 60 lakh initial capital from her father. She claims she doubled the amount in 30 days, but just when she started thinking she had understood the ways of the stock market like the back of her hand, she faced a Rs 11 lakh loss in a single day, and then another one, followed by one more, until her entire earnings were close to being wiped off.

The loss shocked her, she says, but she wanted to succeed in investing so badly that she did not give up.

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Her aim was to create wealth, and not just make money, for which she had to be patient, she adds. Good for markets and GDP Even though losses are an inevitable part of the trading and investing game, women tend to face harsher repercussions than men due to long-standing prejudices, say experts, which adds to their cautious and fearful attitude toward the markets.

The Groww survey quoted earlier states that 78 percent of women invested in mutual funds, making it their most preferred asset class. However, only 30 of the fund managers in India are women, according to a Morningstar report released in March. India has added just two women fund managers since last year, as opposed to 26 men. Out of the approximately Rs According to her, the sector is structured in a manner that makes it easier for women to enter.

Work hours have become more flexible compared to what they were when I entered the industry around two decades ago, and many entry barriers have been eliminated. All these platforms create scope for formal mentoring and streamline access to information. One just has to grab these resources with both hands. Kamath of Zerodha, agrees.

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According to him, only 1 to 1. Avni Paresh Shah. Photo by Neha Mithbawkar for Forbes India A crucial part of improving this statistic is to improve the of women who trade and invest, he adds. Kamath explains that even though the of women traders on Zerodha has doubled in absolute s over the past year, their proportion to total investors on the platform has remained stagnant at 16 percent.

Kamath points out how women for only 19 percent of the workforce in India. Shah made a full-time career on Dalal Street, with the help of her husband after being a homemaker until a little after the turn of the century. She now manages financial assets with a net worth of about Rs 20 crore. But until then, you need to be cautious while having confidence in yourself. Just let the markets teach you.

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Willing to trade an open minded woman

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