Chat With Traders 008: Anand "Lucci" Sanghvi – Slinging PS3’s, Accumulating Millions, and Hard-Hitting Psychology Lessons
25 snips
Feb 19, 2015 AI Snips
Chapters
Transcript
Episode notes
Beginnings at the Prop Firm
- Anand Sanghvi started trading with zero knowledge by joining a prop firm and learning from watching other traders at New Hampshire.
- He improvised by reading tape and learning buyer-seller interactions rather than relying on formal education or traditional indicators.
Struggles with Trading Emotions
- Anand struggled with emotional trading, making inconsistent profits and losses on his trades.
- He found swing trading fewer stocks more effective for managing emotions and avoiding overtrading.
From Prop Firm Closure to Swing Trading
- When the prop firm shut down during the 2008 financial crisis, Anand took his $70,000 and started swing trading equities independently.
- He rapidly compounded his capital by buying large positions in washed-out stocks and later transitioned to options trading.