Abhirup Sekhri - Keep On Going Despite Whatever Hurdles You Face Both in Your Professional and Personal Lives (Investor From India)

 

Life management: your trading decisions may often be impacted by the other things going on in your life that you may have no control over. Therefore, in order for a trader to make sound choices no matter the goings-on in life, we train our students to take care of their physical and mental health through exercise, meditation, and proper nutrition.

 

1. Tell us about your company and your individual journey.

Anish and I had been friends for over a decade before we started Booming Bulls together to make up for the disappointing dearth of good stock market education. While pursuing my B Com degree, I had already begun dipping into the world of entrepreneurship and when the idea of a stock market institute was brought up among the three of us, it seemed like the best course to take and we were right.

2. How did you come up with the idea of booming bulls and how did you go about executing it?

In October of 2019, we did a trial run in Nagpur with a 3-day in seminar to see how people would receive the idea of our training institute. It was a huge success as the seminar was attended by dozens of people eager to learn trading and we were practically nameless in the field at that point. That’s when we realized we had landed ourselves a winning plan.

3. What do you think are the most important qualities of a successful entrepreneur?

Keep on going despite whatever hurdles you face both in your professional and personal lives. Quitting should not be an option.

4. What are some of the most important factors for running a successful business?

A brilliant team and training them to be the best at what that do. Creating a system that produces the results you want to produce. Keep trying until you make it work and even then, keep on improving.

5. What is the USP of booming bulls?

There are two: simple and effective curriculum and faith in our product; which is why we have a system of refund for anyone who thinks we are not what they’re looking for.

6. How did you set up a presence on YouTube and Instagram? What challenges did you all face and how did you overcome them?

Consistently putting up useful, easy-to-understand as well as enjoyable content. Our content not only engages people but also enriches their knowledge of the stock market.

 

7. What is life management and risk management and how do you teach them to your students?

Life management: your trading decisions may often be impacted by the other things going on in your life that you may have no control over. Therefore, in order for a trader to make sound choices no matter the goings-on in life, we train our students to take care of their physical and mental health through exercise, meditation, and proper nutrition.

Risk management: making trading decisions by calculating how much you can reasonably afford to lose and minimizing your losses.

8. What are some of the best career advice that you have ever received?

To go above and beyond in whatever is that you choose to pursue in life. You may not be rewarded in the short run but you will eventually reap the benefit of your extra efforts.

9. Since youngsters don't have the money to invest in trading and investing what would you recommend to them to start their investing journey?

Demat accounts can be opened for free. SIPs can be opened with a mere Rs 500. You can even start trading with a 100 bucks. The power of compounding in trading is phenomenal and it doesn’t matter how much you start with.

10. There are so many materials, strategies, and channels available out there. Then what according to you should be an ideal roadmap to invest in for a beginner?

Do your research and start with small amounts.

11. Any principles in stock market trading and investing that one needs to know?

In order to be a successful trader, you must stick to the four fundamental pillar of technical analysis, life management, risk management, and psychological trading.

12. What things should be kept in mind before starting trading and investing in this field?

No amount of money can be made without a potential for loss-making. They go hand-in-hand. So, you have to be cautious about how much money you use to trade in case you make a loss.

Interviewed By - Shashank Sehgal