Growing up middle-class in Bangalore, India, Sandeep was raised to be careful with money.
So the idea of trading and potentially losing money seemed risky and didn’t appeal to him much.
But in 2019, everything changed.
Here’s the incredible story of how he persevered through two account blow-ups and turned $2,000 into over $1 million in profits in about 18 months…
In India, Sandeep studied engineering — a solid career that would eventually take him to the U.K., where he’s been based for the past decade or so.
A steady guy with a steady career, he’s always been fairly risk-averse.
In fact, he admits that years ago, he had the opportunity to buy into his company’s stock before its initial public offering (IPO).
But he was too cautious and decided against it. Meanwhile, several colleagues made a lot of money…
Then, Sandeep changed his tune about trading…
Sandeep is married and has a kid. He’s got a mortgage. Despite liking his engineering job, expenses were piling up.
When a friend mentioned they’d started trading, Sandeep decided to explore it as a potential secondary income stream.
That’s how he found me…
Learning + Exploring
When Sandeep found me on YouTube, he initially thought my trading challenge was “a money-making scheme.”
But as he watched the videos and saw my top students’ results, he realized that I was legit.
In 2019, he became a student and hit the books. He read a ton and watched my videos.
It was a challenging balance: In addition to having a family, he also had a full-time job.
He’d study on his lunch breaks and commute. He’d stay up late studying — sometimes until 2 a.m.
Eventually, it began to make sense…
Sandeep opened his first trading account in March of 2019.
He started with $1,500. Like many new traders, he lost money…
Blowing Up Account #1
Cue a montage of holding and hoping, cutting losses too quickly and an ongoing series of papercut losses.
Typical newbie mistakes.
Within about a month, that $1,500 account was nearly gone. He stopped trading and hit the books…
Blowing Up Account #2
In fall 2019, Sandeep started trading again with a fresh $1,500 account.
He was feeling confident, but there were new mistakes to make this time around.
In retrospect, he admits he was trading too many patterns and strategies. He had no focus.
And he lost money again. Although, this time it took longer — about three months.
After demolishing his second account, Sandeep took another few months off. He wanted a break to regain his confidence. He’d already lost $3,000.
Blowing up two accounts sucks. But the experience taught Sandeep a lot about how NOT to trade.
He was vigilant about tracking his mistakes — he reviewed them daily, so he didn’t repeat them.
Finding a Go-To Pattern + Strategy
Sandeep decided to zero in on one single pattern: the morning panic dip buy.
In addition to hitting the books, he delved into my top students’ lessons. He wanted to deepen his understanding of trading psychology and the right trading mindset.
It wasn’t about following trades. He wanted to apply their lessons to his chosen pattern. Here’s what he learned:
• Sandeep obsessively studied my $13.5 million profit student Tim Grittani’s short-selling patterns. Why, if he goes long? He wanted to understand the short mindset so he could be on the right side of the trade. In short (pun intended), he reverse-engineered Grittani’s strategy to gain an edge.
• He learned invaluable tips on how to size up from my then $8 million profit student Jack Kellogg (more than $20 million now).
• From my millionaire student Roland Wolf, he learned about trading multi-day runner stocks with volume.
• And he learned many lessons from my millionaire students Mike “Huddie” Hudson, Matthew Monaco, and Michael Goode…
Past performance doesn’t indicate future results, but the lessons stand.
Sandeep felt prepared to focus on his pattern and repeat it over and over until he mastered it…
Third Time’s a Charm…
In February 2020, Sandeep began trading again with a $2,000 account. But this time, he only stuck to one pattern: the morning panic dip buy.
With international stay-at-home orders in place, Sandeep was working from home — which allowed for more trading.
This time, Sandeep knew what he was doing.
By the end of March 2020, his account reflected profits of over $7,000. By the end of the year, his recorded profits topped $300,000.
He recorded over $500,000 in January and February of 2021.
Just a few months later, in September of 2021, he passed $1 million in trading profits.
Sandeep never thought he’d make $1 million so fast.
He doesn’t have any lofty goals for the near future other than continuing to stick to his go-to pattern, continuing to refine and enjoying his newfound career.
The Engineering Mindset + Sandeep’s Top Trading Lessons
In trading, you’ve got to make many small calculations on the fly — how many shares, potential risk, profit goals…
As a former engineer, Sandeep acknowledges he’s good with numbers in this way. He can quickly make decisions and solve problems.
Can you adopt the “engineering mindset” in your trading?
Don’t worry, you don’t have to go back to college.
But think about how you could zero in on a single pattern and channel some of Sandeep’s insight every day.
And consider these parting tips from Sandeep…
• Learn patience and discipline. They both go hand in hand.
• Be honest about your mistakes … and don’t repeat them.
• Follow what you know.
• Don’t take trades you don’t need to.
• Always have a plan.
• Keep practicing and don’t lose hope!
Remember: Sandeep lost his account twice. Then he came back and made over $1 million in trading profits.
Don’t give up!
How does Sandeep’s ability to persevere through two account blow-ups inspire you? Let me know at SykesDaily@BanyanHill.com.
Cheers,
Tim Sykes
Editor, Tim Sykes Daily
