Car driver gives stock market advice to passenger: “5 min mein nikal jaane ka…”

The stock market can be risky, but most beginners in the stock market are unaware of the risks of the stock market and how to manage those risks. Most of us are still unsure about the different trading instruments involved in buying and selling stocks.

A Twitter user named @tony_gazillioni shared how a rickshaw driver gave him advice on trading.

“The auto guy started a few minutes after I sat down because he wanted to wait for his setup. Shared his strategy: Pivots + ST on the option charts. Enter when he breaks a level and the super trending say come on. Out in 5 min. Needless to say he dgaf about bhaada,” @tony_gazillioni tweeted.

The Twitter user shared more details about his conversation with the car driver. “5 minutes mein nikal jaane ka. Ekdum bade bade lot daalo bina darr ke” “China Russia milke plan kiya hain yeh. Inflation nahi hota toh market kaha girta,” he wrote.

Sharing details of his conversation with the car driver, the Twitter user wrote, “Me: ‘main bhi Karta hoon options trading’ Him: ‘buy ya sell?’ Me: ‘both’ Him: ‘arre nahi karne ka sell. 29 din paisa Banta hain ek din me saara chala jaata hain “Just amazed beyond words.”

Since sharing, the tweet has garnered nearly 3,000 likes and several comments.

How the Twitterati reacted to this

One user wrote: “This is not a trading autowalla. He’s a trader who drives the automobile because of the current markets.”

Another tweeted: “I’m 100% sure he was a trader first and the market made him drive a car… but trading is an addiction so he continues to be a beggar soon. ..”

Meanwhile, the value of the Indian stock market is already down almost 20% from its January high of around $3.7 trillion. The lackluster economic backdrop, combined with an unprecedented outflow of foreign investors and earnings estimates that look set to plummet, are clouding the outlook for a rebound.

Sensex, nice on Friday

Benchmarks Sensex and Nifty rose nearly 1% on Friday, extending gains for a second straight day on buying auto, banking and energy stocks in line with firm global trends.

The 30-stock BSE Sensex rose a further 462.26 points or 0.88% to settle at 52,727.98 as 23 of its constituents finished in the green. During the day, it rallied 644.15 points or 1.23% to 52,909.87.

The Nifty rose 142.60 points or 0.92% to settle at 15,699.25 with 39 of its scrips posting gains.

To subscribe to Mint Bulletins

* Enter a valid email

* Thank you for subscribing to our newsletter.

Comments are closed.