Chat With Traders 020: Kunal Desai – Go-To Setups, Trading Explosive Momentum, and How to Combat FOMO
54 snips
May 14, 2015 AI Snips
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Kunal's Early Trading Struggles
- Kunal Desai started trading in his teens using a small amount of money and was initially successful but lost all his capital during the dotcom bust.
- He repeatedly rebuilt his account through trial and error until gaining crucial trading knowledge and systematizing his approach.
Confidence Comes from Competence
- Confidence in trading comes from competence gained through extensive, non-destructive repetitions.
- Many traders fail by blowing up accounts before reaching their 'aha moment' from enough practice and learning.
Master Limited Setups
- Master one or two trading setups deeply instead of being a generalist with many shallow skills.
- Mastery reduces emotional mistakes and allows confident, automatic execution under various market conditions.