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ETMarkets Trade Talk | Ahmedabad engineering dropout's 3-point strategy to hit the jackpot in stock market
After his stock broker father turned bankrupt in the 2005-06 market crash, Pratik Patel was left with two options - study engineering or do full-time trading.
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My father was a stock broker and during the market crash in 2005-06 he suffered badly and had to shut down his office.
The Gujarati boy chose to not leave any option B and dropped out of first year computer engineering.
After turning bankrupt twice, following the journey of many star traders and reading hundreds of books, his dream came true in the bull market of 2020-21 which turned him financially-free.
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Patel’s trading strategy is based on the three pillars of market sentiment, macro fundamentals and price action. Edited excerpts:
My father was a stock broker and during the market crash in 2005-06 he suffered badly and had to shut down his office.
At that time I was just out of class 12 and started selling insurance. I also had some interest in