How a full-time businessman may spare just 5-10 minutes a day to trade stocks and earn 50% annually.
Did you know that "Passive income Ideas in India" is one of the topics that receives the most searches on Google? Many people have the goal of being able to make money while they are sleeping, but very few actually accomplish this.
Rental income, royalties from books, stock dividends, and revenue from online channels such as YouTube are among the most frequent types of passive income sources. While large initial investments are necessary for rental income and dividends from stocks, the remainder of the opportunities require in-depth knowledge of a specific field. People who are just getting started may find it to be a significant deterrent, unless they follow Ayush Garg.
Ayush is a businessman who also does options trading on the side in his spare time. He just spends five to ten minutes per day checking the stock market on his phone, yet he still manages to make one percent of his total money every single week through trading. Only through trading. That adds up to around fifty percent each year!
Coming from a city in tier 3 and having lost his father when he was just 21 years old, he believed that all of his hopes and goals had been dashed because he had to take over the management of the family business and put everything else on hold. But through pure determination and with the assistance of a higher force, he was able to navigate his way to the road of financial freedom through the stock markets without significantly altering the trajectory of his life.
When he signed up for an online stock market course that cost a whopping 40,000 Rupees, he made a significant financial investment in the stock market. After that point on, there was no turning back; not because the information he gained there made him successful, but rather because from that point on, his only goal was to get the money back that he had lost in some way. Therefore, he decided to teach himself the ins and outs of trading on his own, a process that took him more than two years to complete.
"The issue with all courses in general is that they focus on people who can dedicate at least two to three hours of screen time, which is not practical for working professionals, particularly those who have a 9 to 5 job," the author of the article said. In addition to this, they teach tactics that, while they might look excellent on paper, are not very effective in practise. Because the individuals who teach these courses are themselves losing traders and, as a result, they refuse to provide their profit and loss statement, these courses are nothing more than outright scams. Additionally, trading is a game of psychology, and learning through prerecorded films is just as effective as self-learning solely from watching videos on YouTube. When trading options, consumers should focus on selling options rather than buying options because selling options has a far higher chance of generating money even though buying options requires more capital.
He sells options and is a firm believer that anyone can generate passive income through option selling so long as adequate risk management and position size procedures are adhered to. If not, there is the potential for significant losses. In the current fiscal year, he has already produced a profit of almost 7 lacs on a total capital investment of 20 lacs, and there are still 4 months left till the year comes to a close. This is entirely due to profits made through trading, with the capital gains from stock investment serving solely as a bonus.
When we asked him about his most successful tactic, he said that he operates inside a structure that he affectionately refers to as the "Sell the Irrationality" framework. It was said by him that "the markets are not always rational, and we discover holes in this irrationality in order to participate into transactions." These gaps offer a favourable risk-to-reward ratio combined with a high possibility of success. Patience and a sharp mind for detail are the only requirements for this task.
When asked where he got the idea for this tactic, he responded, "It took me two years of trial and error to figure this out." Because all of the successful traders I know trade full time, their trading strategies are geared for those who have the ability to commit a significant amount of time to the financial markets. Other than the essentials, I was unable to discover anything that suited me.
At the end of our conversation, we asked him about his plans for the future, and he responded by saying, "I want to help other people who are also stuck in a similar scenario like I was a few years back by mentoring them personally so that they may save their valuable time and money." I am able to successfully run both my company and my trading business, and I believe that anyone else can do the same.
Ayush can be reached through his Twitter account, which is also where he often posts his deals. On Twitter, he goes by the name @ayushmanngenius.
Trading with Ayush can be found online at www.tradingwithayush.com.