Upon first glance, one might mistake professionally dressed Mihir Sukthankar for a typical 19-year-old, but they would be mistaken. Mihir is a prodigy; he is a young trader who is making waves in the stock market by spotting movements and key investments before many of the other big players. A business-like air replaces his unassuming manner as he gets ready for the interview. It’s evident that this young man knows what he’s about, and he’s prepared for anything the world throws at him. He relaxes as the interview begins, his confidence shining through.
How a 19-Year-Old Becomes a Successful Trader
Sukthankar is quite successful at his craft, but he didn’t initially set out to be a trader. Before discovering the stock market and his natural knack for spotting price movements, he was a website designer and teacher. He spent a few years working on websites for NGOs and teaching kids to do the same. In high school, on a quest to make more money, Sukthankar fell in love with the stock market. He says he would spend hours researching the latest stocks and their potential gains over time. He felt like his ability was natural, but soon he came to realize it was in fact a unique talent. It’s this realization that led to the formation of his primary business interests.
Sukthankar is among the young, rising stars of modern trading. He states that his earliest memories of trading come from trying to get some money in high school. The projects he invested himself in weren’t paying, and he needed to get an income going. When he discovered the stock market, his entire outlook on making money changed. Here was a place where someone like him could make a real impact. Over the course of weeks and months, he found himself going the extra mile, researching stocks and reading reports. What’s more, he was enjoying what he found. It was this interest in the market and the eventual earnings that he made off it that pushed him toward becoming the successful trader he is today.
Other Businesses He Runs
After discovering his knack for trading, Mihir Sukthankar says other traders wanted to follow what he was doing. A firm believer in community support and teaching people to do things, Sukthankar designed and implemented Traders Circle X (TCX). At its heart, TCX provides a pattern for users to follow, giving them the information that breaks down why they’re doing what they’re doing. Sukthankar says he hopes his approach will help other beginner traders understand the technical analysis required to succeed in the trades. Sukthankar is also invested in two other businesses: BoostedQuant, a tech automation he’s developed that uses the power of a trading system to adapt to market movements, as well as Market Dice, a feed for traders to get hard facts about what’s going on in the stock market without the “fluff” that often comes from traditional news sources.
The Biggest Challenge
The biggest challenge this young entrepreneur says he’s faced entering the stock market was the sacrifice required to succeed. While many others his age were out drinking and partying, Sukthankar spent his time reading books, analyzing price action, and determining the best point to enter a trade. Even more, he says he would spend time breaking down the factors that led him to his decisions, making it easier to explain to other beginner traders. Sukthankar says he believes the biggest obstacle most people encounter when looking for success is themselves. If someone doesn’t make up their mind to do what they want to do, they’ll always be doing something else and lose out on the opportunity to improve their life, according to him.
Sukthankar believes that if he had given in to his own fears, he would never be as successful a trader as he is today. When he set out to do this, he was forging a path that no one in his family had ever delved into before. It was scary, he admits, but he kept at it, because he felt as though what he was doing was worth his time and effort. Eventually, others came to realize that he was making a difference. While his family might not have realized it, Sukthankar became a respected member of the online community. His educational resources changed the lives of many traders, even encouraging them to take up day trading as a full-time profession.
A True Young Business Owner
Sukthankar’s story is unique. Not only because of his age, but because of how successful he’s been despite the odds against him. His dedication to helping others learn fuels the success and continued growth of TCX. Sukthankar even says that several traders who are members of his group have quit their day jobs to become full-time traders. With wins like this, it’s easy to consider Mihir Sukthankar as one of the top traders of his generation.