Kunal Desai is known as the head honcho at Bulls on Wall Street, who is an intraday momentum trader. Since trading in his teens, he struggled even going into his twenties, eventually asking a profitable trader to show him the way.
This person was Paul Singh, who gave him lots of useful advice on how to actually work the market like a trader.Because of him, he’s done well ever since.
During the interview Kunal was kind enough to about a wide variety of topics, provide many interesting insights, and give a lot of great pointers.
What’s Covered in This Interview:
- How to get over FOMO, or the fear of missing out, why it’s dangerous to chase trades, and suggestions for making more rational decisions.
- What are the mechanics of an earnings breakout, including why than give you explosive opportunities
- Why it’s necessary for traders to have a go-to setup tucked up their sleeves and how know what your personality type is can help to discover what it is.
- Insight into Kunal’s go-to setups and why technical patterns are much more cleaner around them.
- Why traders don’t need to understand a wide range of trading facets in order to make money, including why it’s such a disadvantage, that knowing one or two strategies really is well is far better.
- How Kunal protects his capital and the types of risk management rules he uses in his own trading.
- Why having a lack of passion and the wrong kinds of motivation can prevent traders from being successful. Without either of those, traders will struggle when going through the motions.
- Why Kunal feels resilience is one of the most important traits of what it takes to be a successful trader and how it can pull traders out of hard times, ones that many will eventually face.
Links and Resources:
- bullsonwallstreet.com – Learn more Kunal and his trading education
- @Kunal00 – Follow Kunal on Twitter.
