CPR Trading Strategy That Made Gomathi Shankar a Successful Trader

I can't believe my eyes actually. So what I was looking at the market became so simple and then after few months I started to make two times of my monthly salary and then after a few months I'm able to make three to four times of my monthly salary. I started to trust and I started to believe on it. For many it was uh miserable and it was uh not a happy year but for me personally as a trader it was the best year. >> That is exactly what I really want to know. the real strategy which you actually used to grow that 10 lakh rupees to cr and cr plus. So today we have with us Mr. Gumi Shankr. He is a very well-known trader in the industry with over 10 plus years of market experience. He's one of the first person who got CPR in India. He has mastered this one tool and has made a very successful trading career for himself. So in this podcast we are going to break down this indicator and his strategy to become successful in stock market. This is where I was prepared to take my short position. I was maximizing my uh quantities. I was maximizing my profits. Even in this recovery, I'm going to take entries only at these three entry points. If I talk about this strategy particularly, this actually looks like a typical classroom strategy. Then what makes this strategy really very special? That's what I want to know. So that's what it makes this CPR indicator so special. So based on these simple observations, CPR stands out among all the other indicators. We make a movie uh you know on your life. It won't be RR it'll be PPP. Hi everyone. and it'll just take one second of your time. Support this channel, help us grow and subscribe right now. And now let's begin the podcast. So we were talking about uh your journey which you know started with a few lakhs around I think 8 to 10 lakh rupees of capital and then you crossed the cr and you're handling like crores of capital uh in your corpus. Uh I just want to start this podcast with that strategy which gave you this kind of return which gave you this kind of uh profit or which which actually made uh you know your trading career. So let's start with that first. >> Okay. So when I uh started using the CPR indicator in 2018 so uh I was just uh wondering how this particular indicator can work. So well. >> Mhm. >> So I came to know about the CPR indicator through one of my friend and uh Ashwani Gujaral was using that indicator. So my trust towards that indicator has increased uh more than 10fold. >> Okay. >> Since Ash because Ashwani Gujaral was a very big trader. He's a very famous trader across trading community. >> Correct. Uh so he used to come in the TV channels. So we used to look at his uh calls and he we used to look at his interviews across the TV channels. So he was a very big inspiration. >> So since he was using CPR indicator >> uh my trust on that indicator has increased. So he started to explore the CPR indicator. Now in 2018 when I was using the CPR indicator for the very first time I was just I can't believe my eyes actually. So what I was looking at the market became so simple. So if there is a narrow CPR the market is going to be trending. So I can deploy my entire capital >> and if the market is if there is a wide CPR or if there is a setup which is having a uh rangebound CPR setup then the market is going to be rangebound. you no need to trade. So it was such a so simple indicator which uh which was which made my view on the market very simple. >> Okay. >> So uh what I did I started to deploy my all the capital whenever there is an arrow CPR and whenever there are breakouts in an arrow CPR. So that's how my capital started to grow in a very quick manner. So I I started to make my monthly salary easily and then after few months I started to make two times of my monthly salary and then after a few months I'm able to make three to four times of my monthly salary. So this CPR indicator was such a so powerful and simple indicator I started to trust and I started to believe on it. >> Okay. >> And what I did when I started I then I became a full-time trader in on November 2019. So almost two years I've been using this particular indicator and I've been u growing my capital slowly and then 2019 November I started to become a full-time trader and I got some money from my family. I took some personal loan and I started with the 10 lakh capital. >> Okay. So my full-time trading started with just 10 lakh capital and since uh you can see very well after 2019 November the COVID came >> correct >> and I was able to catch that COVID crash since I'm a directional trader I'm staying with that trend >> correct >> so the moment I saw the market is getting weaker on January and February of 2020 I started to focus on puts on the uh on with huge quantities and the fall which happened in the month of February, March and April, I was able to capture the maximum of it and to my luck uh I I of course I believe in luck and miracles. So after the COVID crash the market started to recover if you see 2020 post uh May and June the recovery was very sharp. It was a V-shaped recovery actually. >> Correct. >> And that bullish trend also I was able to maximize it. So uh I I should be fortunate to become a full-time trader on November 2019 because then came the COVID crash. I was able to capture the fall as a directional trader and I was able to catch the recovery as a directional trader. So this 2020 co crash for many it was uh miserable and it was uh not a happy year but for me personally as a trader it was the best year. So that covid period helped me to maximize my gains in from the markets. So that's how my capital was able to grow from 10 lakh to 1 cr in a very quick manner. So 2020 and 2021 both are the years where I was able to make the maximum out of the CPR indicator >> and uh that's how my capital has grown. >> H interesting. So you know uh I should be very direct while I ask you this. Uh so what is the exact strategy that you used using CPR? Like what was the buying level where you used to sell? what you used to see everything uh that is exactly what I really want to know the real strategy which you actually used to grow that 10 lakh rupees to cr and cr plus uh can you share that with us? >> Yes uh definitely. So let me uh show my charts. Uh so what happened uh during the covid crash >> uh even in one of my YouTube video which I was do doing during the covid period uh I if I if I'm not wrong I did a YouTube video in the month of January. So I was telling that the market is uh breaking the higher low structure and the market is trading below monthly CPR. So most probably the market could fall. So this is what I was saying in my YouTube channel. So uh what I was observing is in the month of January I could easily see the prices were breaking this higher low structure. So probably this is the higher low structure which we generally use uh for identifying the trend. >> Correct? So I was able to see this uh fall and then this is where I was prepared to take my short position because it's very it's obviously clear that the market broke the higher low structure. It went for a pullback and then it started to came down. Now what I was doing is I was carrying my uh put options. I was taking some carry forward positions once the prices started to come below monthly CPR and below S1 and previous month low. >> Okay. >> So I was carry forwarding a lot of huge short positions and then if you could see the market was uh giving a gap down and I was able to maximize my profits over here and then still I could see the market is taking some resistances at CPR levels because my stop loss is going to be very small. my stop loss is going to be somewhere above CPR. >> Correct? >> So I was c I was taking shorts in the month of March as well and that's where I was able to capture this fall which has happened. So by the time when I was taking the positions in the month of February, this COVID news was spreading across the globe. >> Correct. >> And China was having a lockdown already. >> So those things were uh helping me to hold on to my position. So I was not in a hurry to book my profits though I booked partial profits whenever the targets are hit like when the market hits S1 I book some partial quantities when the market hits S2 I booked some partial quantities and then uh when the market was falling uh well and when the market was uh when the lower circuit was hit I was holding my positions with some good profits. >> Okay. And then what happened? Uh I was I was still having a bearish view in the market even after the COVID crash. Even in the month of April and May, I was having a bearish view and I was prepared to take short positions. >> But to my surprise, what happened uh in the month of June, the prices started to trade above the CPR levels. >> Correct. >> And from the month of July, we started to get ascending CPR. So ascending CPR in in short it is going to it it is it is a denotion of a bullish trend. >> It clearly tells the market is going to be bullish. >> Correct? So now what happened from June July onwards I started to focus more on the bull side and whenever the market is uh breaking the previous month highs or uh over here when the market is trading above R1 or whenever the market is trading above the previous month high levels I was taking a lot of long positions and when the market is trading at the monthly CPR and when the market is trading above the monthly CPR levels so everywhere whenever the market was bouncing from the CPR, monthly CPR, I I was not hesitating to take a long position. >> Okay. >> So, I I I I was maximizing my uh quantities. I was maximizing my profits even in this recovery. So, again, if you see in the month of September and October, we had narrow CPRs. The market was not trending. And in the in the month of November, it was a huge blast on the upside. So these are the months I was able to make easy money uh with a smaller capital of 10 lakh rupee. So uh this this this entire year was a sharp V-shaped recovery and even in the month of even in uh 2021 in the mid of 2021 uh say around the month of May and in the month of August and uh September uh this bull rally also was rewarding me well because it was completely in uptrend and it was completely following the narrow CPR trending day trending month concept and these This is a very simple strategy which I followed to understand the big picture and I stayed in that particular trend >> even even on intraday basis if I when I'm taking the trades I was not on the short side. >> Okay, >> I was focusing I was concerned only on the long side because I can understand that this is a sharp V-shaped recovery. >> So in a higher time frame the prices were above monthly CPRs. So the overall trend has changed from bearish to bullish. >> Correct? >> Now as a day trader I was prepared to take only long positions and I was carry forwarding my positions also. >> So uh in 2020 and 2021 I used to carry forward my positions more frequently and but recent times I am not taking any carry forward positions. Recent times I have reduced my uh swing trades and positional trades and now I am more of a intraday trader. Yeah. uh but uh during the COVID crash and 2021 I was a more positional and swing trader. >> Okay. >> So this is a very simple CPR strategy. Uh market is staying above CPR. Market is having a narrow CPR. So the entire month is going to be trending. So these are the clues which I had uh which helped me to uh trade during the COVID crash and the recovery. >> Okay. as you discussed u like you were taking swing trades majorly during the covid crash and postcoid crash in the recovery phase. >> Yes. >> And you also explained okay how you use CPR to take these swing trades. Uh can we like elaborate on this particular strategy of CPR little bit more like what were your exact entries what were your exact uh exits? >> Okay so always I plan my entries at three locations. Okay. So the first location will be at uh when the prices are taking supports at CPR. Okay. So let me show you. So in general I have three entry points. >> Uh I'm going to take entries only at these three entry points. So my first entry is there should be a narrow CPR. So let's consider this is uh this is the month of September 2020. >> Yeah. So I need a narrow CPR and I want the prices to take support at the monthly CPR. So basically this is daily chart and uh this is a narrow CPR and the bull candle is taking support at CPR. So that is going to my going to be my entry point. >> This green candle. >> Yes, this green candle. Now what happens? My stop loss will be very small below the uh CPR. So uh if if I'm getting a bare candle close on a closing basis if there is a bare candle below CPR then that is going to be my stop loss. >> Okay. >> Okay. And now my second entry location is when the prices are taking breaking R1 and previous month high uh in a single bull candle. So it should be a narrow CPR >> and the prices should break R1 and previous month high >> okay >> with a bull candle close. So what I will do is uh this candle will be closing at 3:30. >> So 5 10 minutes before I will be taking call options and I will be carry forwarding my position. >> Okay. So this is like uh one trade is support based and other trade is breakout based. >> Breakout based. Yes. Okay. And and my second entry location where I usually go with a lesser position sizing is when the market is breaking R2 and when the market is taking support at R2. So uh so the first entry location is at CPR. The second entry location is at R1 and previous month high breakout. And my third entry location is when R2 is getting broken or the prices are taking supports at R2. >> So my stop loss will be below R2. Any bare candle close below R2 is going to be my stop loss. Since the prices are breaking R2, my position sizing will be much lesser. Maybe I will go with only 50% position sizing. So on the other hand, if the prices are taking supports at CPR or when the prices are breaking R1, I go with my full positions. I see. So these three entry locations are uh my key points where I used to take trades on 2020 and 2021 and even now I used to trade based on these levels more >> on intraday basis. >> On intraday basis. Yes. >> Okay. And uh what about your targets sir? and my targets when I'm taking a entry at CPR, my target is always R1. Okay, so this is going to be my target. So let me mark it in a different color. So this is going to be my target. If my entry is at CPR >> and if I am entering at R1 and previous month high breakout, my target is going to be R2. >> Okay? >> And if I'm entering at R2, my target is going to be R3. So simple. So this is my entry points and my stop loss is always below CPR, below R1 and below R2. So these are my stop losses and more importantly I focus on narrow CPR months more. Now there are days uh we get breakouts on a wide CPR. Now you can see over here in the month of November just observe the CPR length. >> Correct? >> And if you observe the month of December the distance between the CPR is very big. So this is a wide CPR. >> Yeah. Now if there is a breakout on a white CPR then what I used to do is I reduce my position sizing into off. So here you can see uh the market is breaking the R1 and previous month high zone. So this is R1 and previous month high zone and the market is breaking that zone. So what I would do is I would go for a long position when there is a breakout. Now my target is not going to be R2. So R2 is not going to be my target. Instead what I do is I take the 50% of this R1 and R2. So this is R1 and this is R2. So the 50%age is going to be my target because already the CPR is wide. >> Okay. >> Already the CPR is wide. So I cannot expect a bigger targets. So I would be booking my profit somewhere around this R1 and R2 50%. >> M. >> So even on a wide CPR we get entries. But what happens? I will reduce my position and I will book my profits at R1 or to 50%age level itself. >> Okay. So like if the R1 is breaking you should take the trade. Doesn't matter if the CPR is narrow or wide but just reduce the quantity. >> Just reduce the quantity. Yes. Because position sizing is the key. Once your position is less your loss is going to be less. >> So automatic. So uh I always follow high probable and low probable entries. uh why I am following this high probable and low probable entries is to decide my position sizing. >> Correct? >> So I'm I'm already integrating my position sizing with the setup. >> So if it is a high probable I'm going with a higher position sizing and if it is a low probable trade I'm going with a lower position sizing. So high probable trades are there are higher chances I will be winning for winning at least 60 to 70% of the time and in a low probable trade I'm having a lesser win rate and I will be losing less. So I'm integrating uh the setup along with the position sizing so that my risk and money management will take care of itself. I mean you know we get a lot of comments uh on all our strategy videos that okay I've tested the strategy this does not work in the real market the charts are already made that's when you're teaching everything and if I talk about this strategy particularly this actually looks like a typical classroom strategy >> like a classical stock market trading strategy which you learn while learning the basics of stock market you know when you learn the pivot points and then you're like okay buy about the R1 break out of the R1 and because The market was very trendy while this period, right? During the fall or during the time of recovery, it was very trendy, right? Yes. >> And people were making money like in random stocks. >> Yes. >> Just put the money and it was growing. True. >> That was the period. >> True. Agreed. >> Right. So this strategy was working back then but at the same time every strategy was working back then. >> True. >> Correct. >> Any trend following strategy. >> Yeah. Any trend following strategy you just put the money it was giving you the returns. True. Then what makes this strategy really very special? That's what I want to know. >> Okay. So most of the trend following strategies they fail in a rangebound market. >> Correct. >> But the specialtity with this CPR indicator is even it will tell you whether the trend is going to be rangebound. >> So that's when we get a wide CPR. So uh let's take moving average. Mhm. >> So if there is a uh positive crossover on the upside the trend is going to be bullish and if there is a negative crossover then the trend is going to be bearish. >> Correct? >> Okay. So if someone is uh in this uh in this COVID crash and in this COVID recovery if somebody is using a moving average or somebody is using a alligator indicator >> so they would have seen it would have given a beautiful for short signal and it would have shown a beautiful long signal. >> Yeah. crossovers and >> crossovers it would have happened. >> Correct. >> Now when the trend is range bound so the moving averages will take some time to turn or there will be a crossover but the market will not fall. >> Correct? There will be a crossover on the short side but it but the market will not fall and there will be a crossover on the positive side but the market will not go up. >> Correct? >> And the same thing with respect to alligator indicator as well. So any trend following indicator I'm not specific about moving average or alligator. So any trend following indicator they fail in a rangebound market. So they fail to show the rangebound market in a precision manner. >> But when it comes to CPR we can easily identify that if it is a void CPR the entire month is going to be rangebound. So I can see that on the first of every month. >> Correct? So if the first of every month uh the entire month CPR is wide then this month is going to be rangebound. So either I can stay away from uh trading or I can trade only with a minimal quantity. >> So that's what it makes this CPR indicator so special. And there is also one interesting observation I would like to say. So if the CPR is wide the month is the entire month is going to be rangebound. >> Okay. Now there are some months that where the CPR will be narrow but still the market will be rangebound. >> Okay. >> It is because the distance between the previous month low and the previous month high this range is very big. >> Mhm. >> So since this range is very big even though there is an arrow CPR the market is going to be rangebound because already the market has exploded in the previous month. >> Okay. So this month we are having an arrow CPR but still the range is very big. So it's going to be a rangebone market. So based on these simple observations CPR stands out among all the other indicators. So it's well known to show you the trend for the entire month and the first of every month. It is it is good at showing the trend for the entire week on the first of every week. Okay. So that's what is unique about CPR and it stands out out of all the trend following indicator. >> H and as you said okay if the previous month uh range is very big so the previous month high and previous month low will have a significant range. >> Yes. >> Uh and if the CPR is narrow uh then the internal range will be enough to give you >> the reversal trades. >> Yeah. Reversal trades, support trades with good decent target risk ratio. >> Correct. You are right. Struggling with confusing charts, false breakouts and poor entries, then this CPR indicator is a gamecher for you. It helps you to identify clear support and resistance, trend direction, and you can trade with confidence without any guesswork. Whether you are a swing trader or day trader, this CPR indicator will give you accurate entry points, stop-loss levels, and targets. And also you will learn risk and money management along with position sizing to protect your capital. And guess what? More than 8,000 traders have benefited from this course. So what are you waiting for? Enroll today and become a CPR smart trader. I remember uh you were talking to one of our experts yesterday and you said and that expert uh said key okay CPR is the only indicator is the only leading indicator in the market. He was telling like CPR is a futuristic indicator. >> Yeah. I mean which can tell you about what's going to happen in the future like usually what indicators say what has already happened they are either lagging or something called as coincide indicators. Right. >> Correct. >> I mean you are like one of that person in in our country who actually introduced CPR to our country. Right. Who actually started talking about CPR uh like at a very early stage while while nobody was talking about it. Yes. >> Um, so how is this the leading indicator? That's my first question. So I just want to know that you know amongst all like hundreds of indicators I can say now thousands because everybody is creating their own indicator nowadays. Uh what was that one special thing right uh which makes CPR the leading indicator like how price is actually following leading? Leading indicator means what? Okay. First the indicator gives the signal and then the price follows it. >> Yes. >> Correct. Yes. >> So how is this CPR which is in a way you know a pivot point in a way it's pivot point right? It is giving you the resistance level and support levels and the uh central pivot range. Correct? >> Why the market is actually following this range? >> Actually pivot points was there a traditional pivot point was there for so many years. >> Mhm. >> But among the pivot points CPR stands out. Now actually uh CPR is a upgraded version of a traditional pivot. >> Okay. But pivot was not so much favoring to the traders because it shows only one uh information like if the prices are above the pivot it is going to be bullish and if the prices are below the pivot it is going to be bearish. That's it. But apart from that it it doesn't shows any other values or it doesn't show any other information about the market. So let's say I'm using a traditional pivot and in the first of the month if the market is above the pivot then I would consider that this entire month is going to be bullish but I don't know whether based on this traditional pivot it is going to be a trending day or whether it is going to be a rangebound day. >> So this information was lagging with respect to a traditional pivot. Now this upgraded version of pivot point this CPR uh this three levels gives us enough information uh to to predict what is going to happen next week or next month even we can uh on on a weekend we can even say how the trend is going to be for the next week by plotting the values on Friday or Saturday itself. >> Okay. So uh if as I said earlier if the CPR is narrow if the CPR is wide or if the CPR is ascending there are many many stocks which has given more than 10% fall and then from there onwards it forms ascending CPR and it gives more than 10 20% returns. So in this way even this ascending CPR helps to capture a good quality stock a fundamentally strong stock when it's available at a better prices. So in this way CPR is a leading indicator because it shows we are because the CPR shows like it is having ascending CPR. So this entire month is going to be bullish. So when the prices are taking supports at CPR I can easily go for a long. So ascending CPR as you know the the CPRs will be going higher and higher every session. So when the prices are moving along with the CPR and above the CPR taking supports at the CPR I'm going for a long. So well before the this month starts I can be prepared like okay I'm having ascending CPR for this month. So I have to stay on the long side. So if the prices are taking support at CPR I'm going to be a buyer. I am going to be on the long side. I'm going to trust the bulls. So in this way it helps to plan us for the entire month on the first of every month. So this three lines not only shows narrow CPR, wide CPR, trending and range market. It also shows ascending CPR where you can capture a fundamentally good stock and it also shows a descending CPR where you can uh narrowly escape a crash. Let's say you are holding a fundamentally strong stock. you are in a good profits, you are in a good returns but in some cases what if there is a uh there is a allegation on that particular company then the next day there will be a huge gap down >> correct >> and that is what happened with the Adani Hindenburg issue. >> Yeah. >> So in these case in these kind of cases you can narrowly escape if you see a descending CPR and if the prices are trading below the descending CPR. >> Okay. So in this way it helps to plan our trade. It plan it helps to plan our trade as well as our positions or it it helps to plan our holdings as well. In such a way uh it helps to uh make a good profit or narrowly escape a crash. So that's why CPR is considered to be a futuristic indicator. Uh it shows everything well ahead of time. uh what happens in this week it it tells before the week's event starts. What's going to happen on uh on the month? It tells on the uh first of every month. What is going to happen tomorrow? It tells us after 3:30 today itself. So that what's make CPR stand out of all the trend following uh indicators and CPR is considered to be a futuristic indicator as uh we were talking yesterday. M but uh there are some other pivot points as well right the camera or the >> we're talking about the traditional ones right we >> but there is a camera pivot point then there is a Fibonacci based pivot point and then there are a few more right >> uh so if you compare these pivot points then uh still like CPR has an edge over the others >> yes of course CPR has an edge because all these traditional indicators >> that is uh traditional pivot, classic pivot, camela pivot, kibbonaki pivots, demark pivots and woody pivots. So there are lot of pivot points. Now all these pivots individually they show you only one trend. Above pivot it's going to be bullish and below pivot it is going to be bearish. For all these pivots the pivot formula remains the same. Only the calculation for resistances and supports are changing. M >> so each and every pivot points differs only in the resistance and support calculations. >> Okay. >> But apart from that all the all the pivot points will is having a common concept like above pivot it's bullish and below below pivot it is bearish. >> Mhm. >> So like CPR gives a multi- uh functionality these traditional pivots they never give you. So uh of course uh every pivot has their own pros and cons but still comparing with the other traditional uh pivot points CPR always stands one step ahead as we discussed you know you were uh doing swing trading while the COVID crash and while the recovery time. >> Yes. >> And now you shifted to intraday trading. >> Yes. >> Right. So what kind of indication you got that you shifted your trading style from swing trading to intraday trading? Okay, actually I became a swing trader during the COVID crash by accident because I am I am a intraday trader first of all. >> So in 2017 18 19 I was doing intraday trades. How I become a swing trader was uh during the covid crash and when the news was spreading across the country that uh China is having a complete lockdown everything. >> Yeah. >> I take short positions for intraday only >> but since the trend is really good and since there is negative news across the globe I want to carry forward my position. >> Mhm. >> So I was not purposefully taking a swing trade. I was taking intraday trades where the trend remains good and I wanted to carry forward the position. So that's how I was focusing on swing trades during the covid crash. Now during all this covid crash since I have been used to carry forward my position that became a habit >> and during the covid recovery also I used to take long position I carry forward I take long position for intraday I book profits and few quantities I carry forward. >> Correct. >> So that has become a habit. Then post 2020 uh and 2021 the VIX has completely dropped and the market volatility has uh settled down. Okay. >> So now I started to focus more on day trades because carry forwarding doesn't make sense anymore. >> It was not making sense anymore after the COVID recovery. Postcoid recovery the late in the early part of 2021 a carry forwarding position doesn't seems to be good. So I was comfortable with intraday trades and that's how I continued with my intraday trades and then onwards what happened my capital also started to increase. So from 10 I was from 10 lakh I was increasing my capital to 25 lakh then I'm going onwards to 50 lakh. So my capital is also growing. So I wanted to uh protect my capital. So I uh so when I was having a small capital it is easy to carry forward your position. It is easy to take a lesser risk. But when your capital grows, even a lesser risk seems to be a big capital. >> Yeah. >> So that's why I started to shift more to intraday trades and in recent times I am a complete intraday trader and I'm not focusing more on the uh swing trades. So that's how uh act so as I said earlier I became a swing trader by accident just by carry forwarding my position I became a swing trader but always I wanted to be a day trader only. So there's no particular criteria that you saw okay now this is when I should shift to intraday trading or any >> there's there's no specific reason like I should shift to intraday trading because I've always been an intraday trader. >> Mhm. >> So uh even if I uh during even during the covid crash and the recovery uh I take intraday trades I book most of my profits and I carry forward only a a small portion of my quantities. >> Okay. So that's how I was doing swing trades during the COVID crash and the recovery. So there is nothing to transition from a swing trader to a uh day trader. But you know the main problem with intraday trading is uh you have to sit in front of the screen but I mean if you are not opening your laptop and trading that day that means you're not making any money. >> True. >> Correct. While in swing trading if there's a position which is still on uh and the market is moving you don't have to do anything just keep a track of it and market is making money for you that's the biggest problem of in trading that if you are not present if you're not trading you're not making any money right then how do you overcome this problem >> can you actually overcome this problem >> most probably we can take like this if you uh among the most uh most full-time traders in our country >> if you see who is taking more leave on on intraday it will be me on the top because most of the days I will be not trading >> like even today right we are shooting right now >> even today even yesterday even for past two days I've been shooting uh in done and of search >> so uh I'm a more frequent absentee with respect to intraday trades because uh >> so is it like like I've made enough money for myself now I just don't want to trade anymore >> it's it's not like that uh if if I having any particular work, I focus on that work. I'm not like no no I will look at that work after 3:30 only. I'm not that kind of person. >> Let's say if I want to come for a shoot, I will be like okay I'm ready to shoot in the morning. I will be not like no till 3:30 I want to trade after 3:30 only I will come for a shoot. It's not like that. So uh uh maybe uh maybe it's like a mindset or what I don't know. I'm not uh I'm not a person who want to sit and trade every day. Yeah, >> if if if I'm if the entire week Monday to Friday if I'm free then I'm ready to trade. >> But if I'm having any work commitment then I'm ready to sacrifice that particular day even if it is expiry because market is going to be here for so many years. Well before I was born the market was here. >> Yeah. >> Now I'm in my 30s and the market is here and even the market will be there forever. So I I am I am a person who is not that much addicted like I should sit and trade every day. I should not miss this monthly expiry. Of course yesterday was a monthly expiry and I missed it. The market was trending and I missed it as a trend following trader as a directional trader. But still I'm not in a uh I'm not that kind of a person like I wanted to trade every day. So I I most probably take a lot of uh off from trading uh due to a lot of personal works and other work commitments. You can say it's a con but it's also pro or the best part about internet trading is uh there is no overnight risk like you can sleep very peacefully correct like if you are >> if you have a right mindset you can sit and trade and uh if you're not ready if you're not comfortable then you're not constantly bothered by what's happening in the market okay like whenever you're ready you can just open your laptop open your phone and start trading but if you're not in the right mindset that's when you can completely avoid it I think that's where uh people you know the addiction part is where people lag the most while trading in reality they have to trade they have to sit in front of the screen from 9 to 3:30 otherwise they feel like okay I'm jobless >> yes >> right uh so since we're talking about the mindset part only uh let's talk about the mindset uh what are the three key rules or uh the three ideas that you have in your trading which actually shapes your trading or shapes your entire career as a very successful trader in industry. Okay. So, uh for me if if if there should be any three habit or uh three things which shaped me as a a good trader is the first thing is passion. So you should have the passion for the market. We can see a lot of uh traders especially after covid they are not having the pat passion they are just interested to make money. >> Yeah. They have passion for the money. uh they have passion for the money not for the market not for learning part or not for the analysis part they just straight away they just want to make money. So uh for me I had a deep passion and even I worked with three reputed broking firms where my uh experience was very immense. I worked with carvy stock broking, I worked with spider software and even I worked with zeroda for six months. So because I I was not feeling ashamed to work uh I I just don't want to become a trader straight away. >> I just want to gain the experience. I want to gain the knowledge what is happening in the market. So I had a deep passion. So I worked with uh broke. So though I am from an engineering background, I still worked in those broking firms which is totally irrelevant to my uh career. >> Correct. >> But still I worked there because I had a strong passion for the market. I want to learn everything in a quick in a quick manner. I want to know how the market is functioning. And then the first thing is I had a deep passion. So everybody should have a passion towards the market. Then then the second thing is I had a patience. I was actually I was not in a hurry to become a full-time trader. Mhm. >> Accidentally I go I I I studied CPR in 2018 and accidentally I became a full-time trader in 2019 because I was able to make my salary easily. >> Yeah. >> So it was not actually planned. It was not like I have to work only for one year. I have to work only for two years then the third year I become a full-time trader. It's not like that. So if if I if I would have not become a full-time trader, if I would have not become a profitable trader, then I would have still worked for some broking firms or any other proprietary firms like that. >> Correct. >> So the second thing which helped me to become a good trader is uh patience. >> Uh I was not in a hurry to make money. Uh even if I am not making money from trading and even if I want to work, I was ready. I was not I was not having a target like I want to become a full-time trader in 6 months. I want to become a full-time trader the next year. So I did not have any deadlines or targets. I was just having the patience like if if if I'm able to make money then I'm okay to become a full-time trader and if not I will keep trying and I will keep doing my regular job. So uh I was patient enough uh to master how to make money from the markets. So if if you see I started in 2014 till 2017 I was just uh trading in the penny stocks and then from 2017 till 2019. So this 3 years was a complete game changer. I was not having any deadlines or any expectations from the market. Just going through a lot of workshops, webinars, conferences and working uh working with broking firms and exploring the CPR indicator, taking a lot of trial and error trades. I was having that patience. But if you if you fast forward and if you check at the recent time, people are not having the patience. people just wanted to subscribe to one algo platform and instantly they want to make money. >> Even now as you mentioned right uh you said key okay I was not having any deadline of 6 months or 1 year. >> Yes. >> So in even in the example you gave yourself a pretty decent amount of time 6 months and 1 year right. >> Yes. >> Uh >> right now what happens is nowadays everybody want to become a trader maybe in a week by doing a workshop as you said or any boot camp. >> Correct. or they want to become a trader maybe to the most they want to learn one or two strategies and then practice it for like 15 20 days and they want to start full-time trading within a month or two max >> correct correct >> right I think that's where the real problem lies you know if you want to become professional anything >> if you want to become a CA or a doctor all these are professionals right they like being a doctor requires seven eight years of training being a CA requires maybe lifetime for a lot of people but um people want to become professional trader maybe in a month or two right and that's where majority of the traders fail in the patience part and even after when they become trader >> when they are trading right patience is the most difficult part of the trading >> yes >> right understanding the strategy is fine understanding the concept is fine but uh holding the stock >> yes >> holding the trade That's where majority of the traders lack. That's what I feel. >> Yes. So uh so of course patience uh has to be there and and the patience should not be there for few months or few not for few days or few weeks or few months. It should be for a few years at least because mastering the markets it will take at least few years. So and then uh the final thing which helped me to become a good trader is uh practice. So I keep on practicing my strategies. Even now we are all learners for the market. The market market is supreme. Market is a teacher. We learn every day from our mistakes. Even now, even today, even this week, even this month, we make mistakes. We we we go through a lot of losing streaks. We go through draw downs. So the market teaches each now and then like you are still a learner. The market teaches us you are still a student. I'm the master. >> Correct? >> So, we have to keep on practicing our strategies according to the market uh changes, according to the regulatory changes. So, we have to tweak our strategies accordingly. We have to change the time frames or we have to change our entries. Uh earlier I used to take entries only when the uh day high is getting broken or when previous day high is getting broken or swinging high is getting broken. But now I have to tweak my entry and I have to bring it down to CPR. >> Okay. >> Or even before CPR based on the reversal around S1 or previous day low I have to so I have to adjust my entries accordingly. >> So these kind of things which we look at the market in life uh we keep on practicing. So passion, patience and practice should be there uh for everybody and this has helped me. I personally followed this. I had the passion, I had the patience and even now I'm practicing everything. Even now I'm I'm trying a lot of combinations with CPR uh to find out uh that little bit of extra edge in the market. So of course uh these three things have shaped me to become a better trader. So PPP passion, patience and practice >> practice. So if if uh if we make a movie uh you know on your life it won't be RR it will be PPP then >> true. All right so thank you so much sir for giving us all these market insights and your journey on how you use this one indicator called CPR how you mastered it and how your trading journey actually looked like from a few lakhs to cr plus corpus. uh very insightful session sir. Thank you so much for being here all the way from Chennai uh and sharing all these things with all our audience and of course for the wonderful strategy. Thank you so much for being a part of search podcast and we really look forward to see you very soon again on this channel and uh get some more insights from you. >> Thank you. Thank you an and thank you up search team for having me. Thank you. >> All right. So if you enjoyed this podcast which I know you did then you must check out this podcast as well. I know you'll love this one too and uh hit the like button. 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