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Guruprasad V
Guruprasad V

Guruprasad V

Stock Trader and Consultant

Rock City Capital Advisors

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Influenced by
There are lots of people who have influenced me in my life. I'd my influence from my dad who came back successfully from his loss of more than Rs.10 Lakhs in 1988. Secondly I have got my influence from Warren Buffet, who is well known to whole world. Thirdly Jesse Livermore, who is the stock market speculator of 1930s. When I read his books, I wonder how genius he is during 1900's which is tough era to trade in stock markets. Osho is another person who helped me to refine myself. I've never seen anyone whom I have mentioned except my dad.
My advice to professionals
Have confidence in yourself. Never be afraid of failure. Learn, Learn and Learn. To learn you need to read books and speak with smart guys. Read lot of books and books would help you to understand things.
Qualities require to be successful
Currently I'm a trader and I'd tell what are qualities needed to become successful trader. In stock markets most important factor to succeed is to have robust risk management. World's greatest traders have just 40% of winning trades and when they lose, they simply cut their losses earlier and when they make winning bets they simply sit in their trades and make huge profits. One must work really really hard to become successful trader. Everyone should have a style or strategy to trade in the markets. Strategy is the edge in trading. We must analyze our edge and should concentrate in that to become successful in trading. Reading is important since one have to be updated with current events. Psychology is most important stuff that is needed to be successful in this business. Most of the people didn't know (they simply didn't accept)that investing in stocks are most risky in nature than simply speculating on short term for the success or failure of a stock.
Current Job Description
Currently I'm trading with my own money. I'm also involved in consulting my clients to invest in US markets. We as an organization is looking for funds to invest in markets.
Initiative taken by professionals to develop a country
Innovation, innovation and innovation. Despite facing near death situation in 2008, US came back strongly from their greatest recession due to their innovation. Entrepreneurship is the quality that need to be inculcated within oneself and I believe every professional should be entrepreneurial in nature to create strong country. India doesn't need IT Shops like what is there now and they need companies like Tesla and Tumblr. One shouldn't be afraid of failure and shouldn't think failure as a sin. Mistakes are normal and its important to commit in order to achieve success in business as well as in life. Originality and bravery are important for the professionals to help India to become developed nation than simply thinking of climbing ladder in the company. Innovate, Inculcate and Inevitable would happen in the name of success.
Couple of years from now
I'd like to see myself as a successful money manager managing huge AUM. This would take atleast 3-5 years. Once you become successful nothing could stop you in this business.
Concept of Analyst
I'll explain about stock trader which I'm pursuing now to earn for my living. Trader must understand that his sole aim is to trade based on price actions than stories. Everything is in price and one must understand that its price that is important to look than looking into useless stories that could be treated as entertainment. Trader should understand his ability and his edge in trading. Trader should accept losses and should understand that losses are part of the biz. Risk management is one of the most important tool for a trader and he shouldn't afford to be lethargic on risk. Sitting tight in the position is another important quality for a trader.
My Strongest Skill
I'm not afraid of failure. I believe in myself and ask questions to myself to understand why I'm doing a particular job. I accept my mistakes in the process of moving further to achieve my goals.
Handling risky decision
I've taken risk on numerous occasions. I've succeeded on few and have terribly failed sometimes. I always want to be an entrepreneur and I believe in entrepreneurship. I did my first business at the age of 18. During that time I got failed in my Higher Secondary and was thinking of doing something worth to pass the days to join the college. During that time I've to wait a year to join the college. I started the mail order venture and was quite successful in that. Later on I visualized that internet would simply destroy my business and I eventually closed that during 2001(Before 9/11). After finishing my MBA, I tried EXIM and in that I did couple of deals but I couldn't last longer because I was in need of capital and infrastructure. I closed that. During 2007/08 I was involved in discussing few ideas with known guys but couldn't get proceed further due to lack of cooperation. My recent risk was leaving my job in Muscat to start on my own.
Avoiding mistake and connecting right dots
If you have not made mistakes you are not at all living a life. If a person wants to play safe he couldn't become a leader. I don't find meaning in your question. Let me put in my way. I'm a budding person and I have only confidence with me. I don't want to play too safe and jeopardize myself of risking myself by not taking any risk. In the path of achievement you're bound to make mistake and if I say I didn't make mistake I'm simply lying to you. I've made numerous mistakes and I believe that I'd continue to do in my future. If you would like to become a leader never play safe. If you are trying to play safe you would never grow in your life. This is my humble assertion.
My achievements
During 2007 I clearly visualize International crisis and advised few of my friends to save money. I myself bet against markets in 2008 and made money. During 2009 I made big money on upper freeze in our Indian markets and bought a house on that win.
Upcoming trends
I don't think that technology could replace human in my business. In future, Currency would become most active markets in India. If Commodities have options then it could witness huge volumes that could probably exceed CME and LME. SEBI has to frame rules for the growth of Hedge Funds. I guess we could witness birth of complex derivatives with stringent rules unlike other parts of the world. I'd prefer to see easy rules to set up Hedge Funds.
Important decision taken
Resigning from my job (I worked as a trader cum analyst) is by far the best decision I've taken in my career.
My thought on education system in India
Education system should create an entrepreneur than creating an employee. Sadly our education system creates employees who work for organization than simply creating an organization. Our culture simply doesn't accept taking risk and failure is not at all permissible by us. Our education system should be pragmatic and should nurture entrepreneurs and should educate that making mistakes and getting failed are normal in life. For this to happen, Parents should have a mind that is open and they shouldn't be selfish to forward their intentions to their children. Parents simply want to achieve their dreams through their children. If one had a dream of becoming doctor and if he couldn't he simply forces his kid to become a doctor. We need improvement in the mentality of parents to create improvement in quality of education.
More about myself
Never work for money. If you work for money then you are not going to achieve anything. This is most important thing I learned in my life. I always look into the aspect of money and take decisions based on money. Later on I understood that if I work with passion and with perfection money would simply come to me. If you are passionate and have an edge on something work towards that goal. Money would simply chase you and Money is by product of your success. It took years to attain this maturity.
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