Rakesh Jhunjhunwala success story

-




Rakesh Jhunjhunwala



Early Life & Education📌

Born on 5th July 1960 in Mumbai, India.

Father was an Income Tax officer, which sparked his interest in stock markets.

Studied Chartered Accountancy (CA) but later pursued full-time investing.

Stock Market Journey🎨

  •  Entered the stock market in 1985 with just ₹5,000 when Sensex was at 150 points.
  •  His first big profit came from Tata Tea stock, which tripled in just a few months.
  •  Made massive wealth by investing in companies like Titan, Lupin, Crisil, Sesa Goa, and Escorts.

Major Success & Net Worth📈

  • His net worth reached $5.8 billion (₹46,000+ crores) before his passing.
  • Known as the "Big Bull" of Dalal Street for predicting long-term market growth.
  •  Owned Rare Enterprises, a private investment firm.

Death & Legacy🤖

  • Passed away on 14th August 2022 due to health issues.
  • Left behind a strong legacy as one of India’s most successful stock market investors.
  • Co-founded Akasa Air, India’s newest airline before his passing.

Rakesh Jhunjhunwala’s Quote🔥

Stock market is about earning money, but it's also about patience and conviction.






Comments

Post a Comment

Popular posts from this blog

ALGO TRADING MEANING

-
Image
  ALGO TRADING MEANING BLOG   ALGO TRADING MEANING Algo trading is the use of computer programs and algorithms to execute trading strategies automatically. Instead of manually buying and selling stocks, a trading algorithm makes decisions based on data, market trends, and preset conditions. Instead of a human manually placing orders, the software continuously monitors the market and executes trades instantly . DIFFERENCE BETWEEN MANUAL-ALGO TRADING Algo Trading  - No fear, greed, or hesitation —it follows strict logic.   Manual Trading  - Traders may panic , overtrade, or hold onto losses due to emotions.   Advantage-  Ensures disciplined trading without emotional mistakes. IF YOU HAVE ANY DOUBT AND QUERIES COMMENT BELOW
Read more

ALGORITHMIC TRADING

-
Image
ALGO TRADING HISTORY   Algorithmic trading, also known as algo trading , is the use of computer programs to automate trading strategies based on predefined rules. 1970s – The Birth of Electronic Trading: 1970s, stock markets relied on open outcry trading, where traders shouted orders on exchange floors. In 1971 , the NASDAQ (National Association of Securities Dealers Automated Quotations) became the first electronic stock exchange , allowing computerized trading . 1980s – Rise of Program Trading: The New York Stock Exchange (NYSE) introduced program trading , which allowed institutions to execute large orders using computers. 1990s – High-Frequency Trading (HFT) Begins As computing power improved, high-frequency trading (HFT) emerged. Traders started using technical indicators, mathematical models, and automation to execute trades in milliseconds . 1998: The U.S. SEC (Securities and Exchange Commission) approved electronic communication networks (ECNs) , allowi...
Read more

The Father of Algo Trading

-
Image
  The Father of Algo Trading The Pioneer of Algorithmic Trading The father of algorithmic trading is  Richard Donchain . In 1949, he introduced the first rule based trading system, which became the foundation for modern algorithmic trading.   Jim Simons was the one who gave a major boost to high frequency trading (HFT). He founded Renaissance Technologies,a hedge fund that used fully quantitative models to trade in the market at a massive scale.   His firm revolutionized algorithmic trading by relying entirely on mathematical and statistical models, eliminating human emotions from trading decisions. . Before founding Interactive Brokers, Thomas Peterffy  had in 1987, created the first fully automated algorithmic trading system.   His was a game changer in the trading industry, as it significantly improved speed, efficiency, and accuracy in execute.                 YOU HAVE ANY DOUBT COMMENT BELOW ...
Read more