"From Adversity to Achievement: The Unyielding Path of Ghanshyam Yadav"
"Success is no accident. It is hard work, perseverance, learning, studying, sacrifice and most of all, love of what you are doing or learning to do."
Humble Beginning:
Someone who has no money but has a will to get
it, someone who has a place to dwell but has a strong desire to own a luxurious
home, someone who sleeps many times without food but strives hard to get
it—someone who went Rags to Riches . That would be none other than Ghanshyam
Yadav. Ghanshyam Sir was born on September 30, 1986, in the Uttar Pradesh
village of Deoria, 50 kilometers away from Gorakhpur. He and his family spent
their early years in Deoria. His early years were extremely challenging because
of his lower middle class background. His father did farming, but even so,
their income was not sufficient to meet their basic food needs. Ghanshyam Yadav
learns many things during these challenging days.
Struggles in the City of
Dreams:
He therefore made the decision to graduate in order to meet his family's financial demands and make some money. So for graduation, he came to Mumbai on July 23, 2006. Before coming to Mumbai, he was already married, since early marriage is a tradition in his village. He came to Mumbai on July 23 and lives at a relative’s house. Three days later, there was a severe flood, which severely damaged nearly every home in Mumbai. Every house had water in it, and there was chaos all around. He arrived in Mumbai full of hopes, aspirations, but after just three days, City of Dreams began to show true challenges, difficulty, and diligence. His early days in Mumbai were exceedingly difficult for him. Throughout those days, he often felt exhausted, but he had no other choice. Even though his heart was telling him to just return to our town, he remembers of the promises that he made to his family before coming to Mumbai. And after realising this, he pushed aside his disappointment and melancholy and began the work with vigor, determination, and hard work. He failed every single day, but he was determined to get back up.
"Biography / Journey of Ghanshyam Yadav - King of Bank Nifty Option Trading"
Embracing Hard Work and Learning:
In this manner, his journey began. He then
took admission in college, where he chose the IT field in B. tech. degree,
where he made four close friends, and he learned plenty of things from them.
Those friends were also helpful; they were aware of Ghanshyam's financial
situation and helped him fulfill his fundamental needs. Additionally, he began
hanging different posters on the walls of buildings and power poles, receiving
two rupees for each poster. He also used to hang big banners, receiving five
rupees for each. He pushed his shyness and humiliation aside in order to start
working hard and making money. In an interview, he stated, "I haven't
earned a single rupee through bad methods, then why are people ashamed of doing
this work? When you have nothing in your hand then, this situation teaches you
multiple things, and automatically become mature. This is life. “Harsh to
believe but true"
Introduction to Trading:
One day, he went to his friend's house to
spend some time with him, where his friend’s father was doing some work on his
computer. Then, out of pure curiosity, Ghnashyam asked his friend, "What's
your father doing?" In response, his friend said, "He trades in the
stock market." Ghanshyam was unaware of trading at the time, so all he did
was listen and ignore. A few weeks later, he again went to that friend's home,
where his father was doing the same work and examining some of the charts on
the computer. Then, Ghanshyam inquired of his buddy, saying, "Every time I
visit your house, I see your father working on a computer." How were your
monetary requirements met. In response, a buddy said, "By trading
only."
Then, his friend
taught Ghanashyam that trading is another way to earn money. Then he provided
Ghanshyam with a bit of additional stock market trading knowledge. For the
first time in his life, Ghanashyam realized that earning money doesn't always require
working a job, and we can earn money even by sitting at home. Then, out of pure
interest, Ghanashyam began to learn more about trading. He used to visit friends'
homes on the weekends to ask about trading with his father. Ghanshyam has now
learned plenty about trading, and he begins with 5000 rupees. However, all of
the money was lost in two days. He began working a part-time job as a watchman
in a construction building in order to increase his income.
In the
meantime, he finished his bachelor's degree, got hired by an IT company, and
started working there. However, for whatever reason, he still had passion,
hunger for trading, so he began trading again. During the first 2 years, he
made only losses, but those losses taught him a lot about trading. He got to
know his strong and weak points from this, and according to this, he started to
build strategy. He allocates half of his salary to trading and the other half
to meeting his family's requirements. After all of his efforts, he slowly turned
into a profitable trader. At that time, the market opens at 10 a.m. He trades
for the first hour before heading to the workplace. By this point, he is making
about 50% of his salary from trading. His appetite for trading at the next
level grew daily.
Transition to Full-Time Trading:
He is now earning enough money from
trading. Then he made one of his most radical life decisions. He resigned his
job and began trading as a full-time profession. He hides this news from
everyone, so he used to go to a neighboring park every day and trade full-time.
However, again, he started losing money, and in only three months, he had
completely lost all of his savings. He was really miserable at the moment and
did not realize where he was making mistakes. He even didn’t have enough money
to meet the necessities for his family, which was the toughest of the period
for Ghanshyam Yadav.
In
order to get out of it, he then sold his wife's jewelry, which at the time was
worth around Rs. 2.20 lakhs. He had now started his thorough study of trading.
He realized that, in the past, when he did his job, he would only trade for an
hour in the morning before heading to the workplace; now, he trades all day,
which leads to overtrading and results in losses. After quitting his job, his finest
hour was in the morning, where he made a good amount of money, but due to
trading all day he made losses. Then, he began studying trading for eight hours
every day. Before, he used to do total gambling without any knowledge, or setup,
but he has now begun to understand more about price movement, support, and
resistance. Now he thinks more about his losses than his profits. Then he
learned about risk management.
And
again, he started trading with 50 thousand rupees. However, now he has learned
many things about trading. He gained great psychological insight into trading.
H gradually got to know that he was lucrative while trading Banknifty options.
After that, he constructs his own trading system, setup and begins to control
his emotions and greed. Now he takes trades with proper risk management. At the
end of the month, he made a net profit of two thousand rupees for the first
time in his life. Subsequently, he began to use his own tactics, and his
profits began to rise. Additionally, he started 2 Youtube channels; Ghanshyam
Tech and Art of Learning. Currently, those channels have more than 20 Lakh subscribers.
Currently his monthly income is more than a crore rupees, and by estimation,
his net worth is around 100 crores.
Trading Wisdom and Success
Ghanshyam eventually achieved supremacy over
his trading setup. And he's earning lakhs, then crores. His largest profit in a
single day was about more than three
crores. In an interview, he stated that having a side income source, allows you
to trade freely and without constraints, which is the only way to be lucrative.
Proper setup is not enough to make money; you also need the right mentality.
Profits are the only way to grow wealth. If your trade goes against you,
respect your stop loss and don't stick to the trade for too long. Rather, take
another trade. Avoid battling with the market. Never take out a loan and put it
on the market because you will lose it right away. Loans disrupt your
psychology and way of thinking.
Additionally,
Ghanshyam Yadav stated that although many people believe trading to be nothing
more than gambling, this is untrue. Gambling is any sector in which you are
ignorant of certain facts. It's a pure chance if you choose to dive in without
learning to swim. To succeed in this, you must first learn to swim. This is
comparable to trading in that individuals invest money without any prior
knowledge in the hopes of making more money, but how can you expect to be
successful?. Those who learn how to control their mind, and greed will
definitely become successful.
Reflections on Success
"After
years of relentless determination, learning, and refining his skills, Ghanshyam
Yadav emerged as a beacon of success in the world of trading. With his
unwavering dedication and newfound expertise, he not only transformed his own
life but also became an inspiration to countless others. His YouTube channels,
'Ghanshyam Tech' and 'Art of Learning,' served as platforms for sharing his
knowledge and empowering aspiring traders worldwide.
