5 Lessons For Traders From 'The Big Bull' Movie | Profile Traders
Updated: Aug 30, 2021
Warren Buffett knew that he wanted to accumulate wealth from a very young age. As a generation, we are inspired by Jeff Bezos, Elon Musk, Rakesh Jhunjhunwala, and Mukesh Ambani.
But our previous generation saw some of the interesting personalities related to the stock market - Imelda Marcos, Bernie Madoff, Raj Rajaratnam, and Harshad Mehta.
Just a few months after SonyLiv streamed the show on Harshad Mehta (Scam 1992), Hotstar has released The Big Bull, a film inspired by Mehta's real life.
Harshad Mehta was often referred to as the 'Big Bull of Dalal Street' during those days. 'The Big Bull' movie has a clear narration and explains how people misused the banking industry's loopholes.
Many financial journalists recall how people manipulated the stocks by using the money from different banks using fake bank receipts.
Instead of going deep about the story (most of you watched the movie), I want to see the essential lessons present in the film as a trader.
Popular Topics
Lesson 1 – Beginners luck will not be lost forever
Most people start their footsteps in the stock market by investing some money in some tips from friends or experts.
Interestingly most of them make some good profits in the beginning, and it gives an assumption that making money in the stock market is effortless.
In the movie, Hemant Shah also receives a tip on Bombay Textiles and makes a 3 lakh rupees profit.
Traders should note that it is known as beginners' luck in this field. This experience sets a substantial positive impact on the subconscious mind, and many traders take more bets or risk more capital in the following few trades.
There is no need to explain what happens next. Most