Vishal Mehta Biography:
Vishal Mehta tells the story of the journey of how they had intimate relations with their first salary (₹3500), and dogs were their pets earlier. To this day he feels like a proud father of them. Along came his elder sister, who used to run a beauty parlor, and Dad had legal cases while together with stock market losses.
Despite hurdles, from that modest salary, the speaker started trading with millions of rupees. The story goes back to 2002, but there is additional background: the speaker’s father was a Bombay Stock Exchange broker between 1992 and 1998. While many families hate on the stock market, I grew up with trading.
Vishal Mehta stock market journey:
Whenever their father would come back from the trading ring with torn shirts and scratches, Vishal remembers fearing that he had been in fights. They would later find out the father was a member of one of these trading rings, where people bought and sold shares noisily.
And, over the years, the father had graduated from a lowly accountant to a successful stockbroker who made enough money to live large in a bungalow with two cars and an office on the 21st floor of the Bombay Stock Exchange building. The speaker also cites an interesting anecdote wherein Emperor Akbar requested Birbal to establish such experiences in life that neutralize joy and sadness.
Financial losses and impact on family:
Vishal Mehta muses on the swing of fortune in life, that good times are followed by bad ones and vice versa. They have their own story to tell of a time when they had won and then lost it all—conflict with a partner, financial wreckage in the stock market.
These losses had come quickly and brutally; they’d sold their bungalow and their cars. This experience gave the speaker a front-seat view of how riches can be made and lost … leading to starting over in much humbler homes through running an office while at home, but this time with getting involved themselves in stock trading from 2002.
Learning technical analysis basics in 2002:
Vishal did a BSc in statistics, and his father motivated him to have knowledge of the stock market. A friend—Vishal—mentioned the concept of candlestick charts and technical analysis. Confused at first, the speaker realized an important principle: prices tend to go higher and lower than their 200-day moving average.
This inspired us to make a fortune through intraday trading without investing a lot of money. The Internet and modems were primitive, and in 2002, the speaker was looking for intraday analysis software when he came across a company that had these tools—Spider Software. This revelation incited the speaker to entertain the notion of working there, and he related it to potential: bringing things into existence.
Manifestation and first job at Spider Software:
Vishal Mehta recounts an anecdote alluding to a popular Shah Rukh discourse about how your ‘chahat’ (intense desire) becomes the truth. He relates that faith helped him get a job reference at Spider Software from a friend: that was his career launching pad.
He narrates that there were tough times when his sister operated a beauty parlor while his dad was preparing for court cases, and it was in these hard times that he cleared the interview and joined as a marketing executive with an initial salary of ₹3500. He faced challenges, but his resolve to make something of himself and willingness to learn the way things worked in his job helped him.
Vishal shares a difficult day where he was sent over and over again to various places in Mumbai for work, which left him upset. Nevertheless, his interest in technical analysis continued to increase, as did his contact with brokers and software packages such as Falcon Reliable.
Transition to Reliable Software and training role:
Vishal Mehta explains how they changed their point of view from marketing to training after seeing an opening with Reliable Software. They applied, got a call, and began working there—which turned the tide. Storytelling helped them to always keep learning and advance their knowledge.
There, they met a lot of new people; many provided information, but they also soaked up much of the wisdom of others, and their passion for the stock market grew in leaps and bounds. Despite their solid references for trading shares, they were rejected as prospective technical analysts without an MBA.
This was my first lesson that showed me how difficult it could be and also how important determination and desire are in success.
Vishal Mehta Education Qualification:
On how they learned about the MBA course at ICFAI Ikebai School of Financial Studies after reading a brochure, Vishal says that is what motivated them to go for it despite being from the science stream.
They cleared the entrance test and went to Hyderabad for two years of a residential course. By then, the speaker was more determined to become a technical analyst and move to Bombay, as he had full trust in himself regarding the law of attraction. They continued to apply for a job as a junior technical analyst at IIFL Securities, but there was no response initially.
Bombay Stock Exchange:
After several applications, the speaker finally received an email from the spam box to be interviewed and did so 15 days later. They called the company, got a nod for an interview, and arranged to go to Bombay.
The speaker stresses the value of believing in oneself and perseverance, which resulted in acing the interview and getting a technical analyst position. Congratulations, and the workout finally paid off; they must have both wanted to be a technical analyst and an MBA.
Technical analysis by Vishal Mehta:
“A junior technical analyst in IIFL Invest (most likely the role), let me tell the truth, it might seem easy from outside but needs you to always be making the right trade calls. They remember a time when, despite being mostly right about the calls they were making, a couple of wrong ones brought them so much criticism that they felt demoralized.
This was when the speaker woke up and knew they wanted a change. They enjoyed training others and thought about becoming teachers in the stock market space.
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Persistence in training roles and job applications:
No jobs were advertised; however, the speaker emailed their CV to a training email at one organization and said they are interested in further opportunities. This tenacity was rewarded with an interview the following day.
The interview was a tough one, as Vishal had changed jobs recently, and yet another question to which Vishal confidently responded that they are self-taught and are sure the other team members have lesser knowledge installed at homes. The manager liked this and made an offer where the speaker started to compete with some of the best firms (Bloomberg) in financial software.
Vishal Mehta Bloomberg Career:
Vishal Mehta on his costly Bloomberg software contract and desire to work at Bloomberg. They were even rejected the first time they applied because they did not have the skills of a software developer.
A friend later told them about an opening for a product manager in the financial technology sector that required technical analysis skills. This chance, compatible with the speaker’s background and wish to achieve this, made them quit their previous work and start working at that financial technology company, which he believed was his fate.
Vishal Mehta Net Worth:
For Vishal Mehta, career-wise, it was when he had a friend from Bloomberg who asked him to join the firm. I got my first salary from Bloomberg, and it was ₹3500, so I called my sister up as a joke and said if I left the job, it would only be after making ₹35 lakh.
Surprisingly, when he resigned after some years to begin his trading journey, it was ₹35 lakh that he was making per annum. He credits this success to the power of manifestation and aligned action that he implemented in his trading career.
Conclusion:
The journey of Vishal Mehta is a classic example of how dedication, determination, and belief in oneself can turn all odds into a win. Starting his first job and earning ₹3,500 to now fetching ₹35 lakh at Bloomberg, Sucharita’s tale is a testimony of how learning, endurance, and visualization often manifest as reality.
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