Interview With Anwesha Panda

Anwesha has been trading in the markets since 2019 when she was 22 years old. She completed her Bachelors in Technology in electrical engineering from KIIT University, Bhubaneswar. After a short stint in the corporate world, she started trading from 2019 onwards. Anwesha hails from Bhubaneswar, Odisha. As of now, she does not have any telegram or WhatsApp group. However, at times she shares her ideas and views on threedots app in her exclusive club 'Trade With Anwesha'. If you wish to reach out to Anwesha, you may DM her on twitter or email her at ap.workspace97@gmail.com


Following are excerpts from the women's day special interview.

Who inspired you in this journey of stock markets?

Answer] To be honest, I had no clue about stock markets or investing earlier. When I left my job, my father introduced me to the world of trading. He encouraged me to start trading and taught me the basics. Later, I started delving deeper into it and learned a lot from various sources. My father has been very strong support and inspiration for me on this journey. Without him, I don't think I would have been here today. Other than my father, my fiance has also supported me a lot. He pushed me to do better and every day. He believed in me and motivated me every time I doubted my potential. He has been very understanding through these years when I was trying to make something of myself.


What do you love the most about trading in the markets?

Answer] I love the fact that I can trade from anywhere around the world. I have no time/location restrictions. No commuting, no traffic jams. No night shifts. I just need my laptop and internet connection and I can even earn while I am on vacation. Trading is a great career but very few crack it. If you can, you will be able to live a life that most people can only dream of.

The best day in your trading career till date when you look back?

Answer] Well, I feel a trader never forgets the day when he makes the first-ever profit in his/her trading career. So yes, I still remember that day very vividly. In 2019, I made my first-ever profit of Rs 750 by selling Bharti Airtel shares. I felt elated.


Whom do you look up to and get inspired by when it comes to your trading profession?

Answer] I get inspired by a lot of traders. Some of them I haven't met at all. But they inspire me to do so much more in life. Initially, when I joined Twitter, I got to know about Manu Bhatia. I read his story on Moneycontrol. It gave me a lot of confidence.


What is your advice to women traders around the world?

Answer] From my personal experience, women are likely to face a lot of judgment for paving their own path in a male-dominated field, especially in a career like trading which is considered as 'gambling' in our country. One thing I would like to tell all women is that you are going to survive 100% of the challenges you thought would break you so don't forget to trust your instincts. Celebrate your wins no matter how small they are. Don't listen to people who pull you down. When people can't do something themselves, they will tell you, you can't do it too. Your failures and criticisms don't define you. Your self-confidence and self-belief will make you a winner in life. Remember, behind every successful woman, there are a few people who helped her move forward and a lot of people who provoked her.

What was the most challenging part of your journey in the stock markets till date? How did you motivate yourself to overcome the challenge?

Answer] I come from a family where no one is into trading/entrepreneurship/business. Everyone is into regular jobs. So it was a little difficult for me to be the first person to be getting into such a profession so early in life. It was a war against stereotypes. I had to figure out a lot of things on my own. A lot of people never believed in me and looked down upon me for choosing this profession. So I had to direct all my focus into my work and keep negativity at bay. I told myself, it's okay to break the rules in pursuit of designing a journey that aligns with my goals. Today, a lot of people who looked down upon me want to learn trading from me. So I think that's a great achievement.




What is your style of trading?

Answer] I am a pure intraday trader but sometimes, I also look for swing trading opportunities in stocks with a good risk-reward ratio. I trade in segments like equity and futures. When it comes to intraday trading, I take trades on a 5 min time frame in stocks and indices. I usually prefer to trade Nifty and Bank nifty futures most of the time.


Your advice to new traders on how they should approach the market?

Answer] I would advise new traders to first learn and then earn. One must start trading with very few quantities of shares/lots and as you become profitable, increase the quantity gradually. Spend time looking at charts and analyzing it. Find your trading style. Find a strategy that suits you and master it. Don't jump from one strategy to another. Be consistent. Don't lose hope if you make losses in the beginning. Manage risk and always place stop loss in your system.

What is that one skill you feel that is most important to be a successful trader like you? How can one go about developing this skill?

Answer] Risk management and position sizing are very important for being profitable in the long run. One needs to know how much one can risk in a single trade. Also, trading needs a lot of patience. Especially if there is a lot of volatility in the market, one needs to wait for the price to come to an important level to make the right entry with good risk-reward. Random trades can blow up your account. A trader also needs to know where to exit his positions and not hold on to loss-making trades. These skills come only through experience and with time.


Your favorite trading gadget that you cannot do without?

Answer] My laptop and phone are the only gadgets I use for trading and I can't do without them.


Please take us through your trading desk to see how it looks. (For example: How many screens, tabs, laptops you use)

Answer] We usually come across pictures where a person is sitting in front of 5 laptops and 10 screens while trading. But the truth is, you just need one or a maximum of two screens to take your trades. Chart analysis and trade execution are what matters. Fancy-looking, expensive laptops/desktops don't ensure profitability in trading. I use only one laptop for looking at charts. I punch orders on my phone.


Your broker choice with whom you are comfortable placing your trades and why?

Answer] I place all my trades in Zerodha. I feel the app is extremely user-friendly. It is very well-designed and easy to use.


Do you follow news and current affairs? What are some of your favorite finance news apps?

Answer] Yes I do. It is important for a trader to follow the news to know about important events so that they can take their positions accordingly. I have apps like Moneycontrol, Finshots, Tradingview, etc.


Personally, I don't use any data analytics applications for trading. But one can use data analytic tools to improve their trading and understand risk with predictive analytics risk scoring algorithms. Data analysis in trading has a lot of scope in future.

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