The Rise and Resilience of Super Trader Lakshya
A Humble Beginning:
This is the tale of a Full-Time
Trader, Engineer, Content Creator, and YouTuber who began trading at a very
young age and has earned enormous money and respect through the years by
dedicating over 15 years of study to the art of trading. Is none other than
Lakshya Singh, a.k.a. Super trader Lakshya
In the heartland of India, amidst the bustling streets of Satna-Indore, a Mdhya Pradesh young man named Lakshya Singh was born in 1990 into a Hindu family. His father, a government employee, and his mother, a housewife, instilled in him the values of diligence and perseverance. Lakshya’s elder brother serves in the Indian Army. Lakshya's upbringing laid the foundation for his future endeavors, nurturing a spirit of resilience and determination.
Dreams Deferred and Education:
With aspirations of serving his country in the Army like his elder brother, he filled exam form to get into the Indian Army, and he got selected and got admission through the University Entry Scheme in Prayagraj. Also, Lakshya pursued Mechanical Engineering at MITS Gwalior. However, familial responsibilities redirected his path, leading him to secure employment at Larsen & Toubro Limited (L&T). Despite the deviation from his original dreams, Lakshya remained steadfast in his pursuit of success, eager to carve his own path in the world.
Journey of Super Trader Lakshya aka Lakshya Singh
The Journey Begins:
In 2008, Lakshya dipped his toes into the world of trading with
a mere ₹5,000 investment. He was ecstatic when he got a 625 rupee profit on his
very first day. He threw his buddies a party since he was feeling the happiest.
However, he suffered losses of Rs 500 over the next two days. After that, he
took a little pause and added between 50,000 and 60,000 rupees to his personal
portfolio. Wherein he purchased shares of companies like United, Jaypee, and
HDIL, but his portfolio went negative because of the bear wave in the global
market.
Subsequently, he bought some shares of Rs 20,000, Satyam stock at a cost of 180 rupees each. The stock then dropped to 60 as a result of fraud in the company, but no shares were sold in the hopes that it would rise once again. Nonetheless, in a few more days, its stock went to Rs 6. He was quite afraid at the moment and felt terrible that he hadn't sold this stock for 60 rupees. Being deeply bereaved, this was a challenging period for him. He sold all shares of Satyam Stock when this stock hit 20 rupees, suffering a significant loss. Despite the initial challenges and setbacks, his passion for the market burned bright. Fueled by determination and a hunger for success, Lakshya embarked on a journey fraught with uncertainty yet brimming with potential.
Navigating Turbulent Waters:
As Lakshya dove deeper into trading, he encountered the unpredictable nature of the market. Despite meticulous planning and research, losses became inevitable. Nevertheless, Lakshya refused to succumb to despair, viewing each setback as a lesson in resilience. With each stumble, he gleaned invaluable insights, honing his skills and fortifying his resolve.
Debt and Determination:
In a bid to bolster his trading
endeavors, Lakshya ventured into the realm of credit cards and loans. However,
what began as a means to fuel his aspirations soon spiraled into a cycle of
debt. In 2012, Lakshya decided to venture into trading and obtained a credit
card to facilitate the process by taking a loan. Unfortunately, due to losses
incurred in trading, his credit card bill accumulated to ₹25,000. To settle
this bill and continue trading, he secured a loan of ₹75,000 from the bank,
allocating ₹25,000 to clear the credit card debt and the remaining ₹50,000 for
further trading endeavors.
Subsequently, he took out another loan of ₹3
lakh from the bank to purchase a plot. A year later, Lakshya opted for a top-up
loan to continue his trading activities. However, the accumulation of these
loans significantly deteriorated his financial situation. In 2014, Lakshya made
efforts to improve his trading by utilizing indicators, resulting in better
performance. However, by this time, his debt had escalated to a staggering ₹9
to ₹10 lakh. By 2015, despite starting with a trading capital of ₹7 to ₹9 lakh,
Lakshya managed to reach ₹35 lakh.
Unfortunately, within just 1.5 months, he experienced significant losses, leaving him distressed. Amidst this turmoil, a dispute with his employer led to him losing his job. Concurrently, his monthly EMI soared to ₹70,000. Determined to turn things around, Lakshya made one last attempt by securing another loan to continue trading. However, this endeavor also ended in losses, further increasing his EMI to ₹85,000 per month.
A Beacon of Hope:
Lakshya's financial
situation had deteriorated to such an extent that he was compelled to sell his
bike and TV. In an effort to improve his financial standing, in 2016, he teamed
up with a friend to open a shop where they sold snacks like samosas, parathas,
and poha, even delivering these delicacies to people's homes. However, the
earnings from the shop were insufficient to rectify his situation. About 8 to 9
months later, Lakshya secured a job at IBM, which slightly alleviated his
circumstances. Subsequently, he started scalping with amounts ranging from
₹5000 to ₹10,000, gradually paying off his loans by booking small profits. By
2018, his debt had amassed to ₹45 lakh. However, he gradually managed to clear
all his debts by trading. In 2019, with a trading capital of just ₹2 to ₹3
lakh, Lakshya remarkably generated profits exceeding ₹6 crore. Undeterred by
financial setbacks, Lakshya sought innovative solutions to alleviate his
burdens, refusing to let adversity dictate his fate.
Amidst financial turmoil and career setbacks, Lakshya's unwavering spirit shone bright. In 2016, he embarked on a new venture, venturing into the realm of entrepreneurship alongside a friend. Despite initial struggles, Lakshya remained undeterred, viewing each challenge as an opportunity for growth.
Triumph Amidst Adversity:
Through sheer determination and resilience, Lakshya emerged from the shadows of debt, transforming his meager trading capital into a staggering profit. His journey, fraught with hardships and setbacks, served as a testament to the power of perseverance and resilience. Lakshya's success story inspired aspiring traders, illustrating that with grit and determination, the sky was the limit. Currently, his net worth is more than 50 crores.
Lessons Learned, Wisdom Shared:
As Super Trader Lakshya reflected on his journey, he imparted invaluable lessons to aspiring traders. From maintaining emotional discipline to avoiding impulsive decisions, Lakshya's insights offered a roadmap to success in the dynamic world of trading. Through his trials and triumphs, Lakshya exemplified the transformative power of resilience, proving that, with unwavering determination, success was within reach.
Epilogue:
Today,
Super Trader Lakshya stands as a beacon of hope for aspiring traders, his
journey serving as a testament to the transformative power of resilience and
determination. From humble beginnings to soaring heights, Lakshya's story
epitomizes the indomitable human spirit, inspiring countless individuals to
pursue their dreams with unwavering courage and perseverance.
