Eminent entrepreneur Deepak Kumar founder of invest for wealth has said that the key to success for every man in business was awareness of the mind, knowing market psychology and also to control emotions. Deepak Kumar, a famous YouTuber, was recently delivering a talk for young entrepreneurs and freshers.
Deepak Kumar narrated his entire journey of rags to riches to inspire several youngsters in the country. Kumar said that his journey started with a board-cutting job at a small electrical hardware shop where he would barely earn Rs 10 to 15 rs per day. Kumar said in a statement, “When I was about 15-16 years old I always thought about how I could start earning so that there is steady income and all the loans would be cleared. We came from a lower middle class family and at a very young age I started working at an electric shop. I started sitting at the shop, got the sheet cut for the fitting switch. The money earned was very less, though.”
At the same shop, later on Kumar got a permanent job for a salary of rs 2,200 per month. The shop owner used to be busy on the computer which got Kumar very curious and later he understood that it was something related to gold and silver.
Kumar added, “I learnt a few things from there and opened a Demat account in the name of his mother and started trading. Initially, I earned good money but later lost the entire amount invested so I thought it was not for me. Then I shifted to Kolkata where I did full time jobs and again I was introduced to broking. I continued with it cautiously but luck did not favour me.”
Deepak Kumar’s journey began in the bustling offices of Angel One and Sharekhan, two prominent names in India’s stock market ecosystem. His early career at these established firms provided him with a robust foundation in market dynamics, trading strategies, and investment analysis. The experiences gained during these formative years were instrumental in shaping Kumar’s understanding of the financial markets and his approach to trading.
Deepak Kumar then got married and moved back to Punjab and again took up a full time job. After a few initial years, he continued with the job and faced several medical challenges in the family. He moved back to Kolkata, just before the lockdown due to the pandemic was announced. “I had started trading again by borrowing some money from relatives and when the USA announced lockdown on that same day the markets crashed when I traded in Put option and banknifty future and earned a hefty profit. I had studied this trend and hence took the decision and it paid off. After that, I have been active in the business but to certain limits,” added Kumar.
After this stint, Kumar started his YouTube channel with name Invest for Wealth mostly advising young entrepreneurs and did some livestream videos to educate youngsters. “I experienced and practiced many things that I learnt in the past. I made my trading journal and ensured that I did not commit the same mistakes again. Through experience I gained many good things. The key to success is to work on the mind, know market psychology, understand the structure of the market and how it has behaved in the last few months and most importantly how to control emotions,” concluded Kumar.