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3 Entrepreneurship Tips from the CEO of Bulls on Wall Street

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3 Entrepreneurship Tips from the CEO of Bulls on Wall Street

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Bulls on Wall Street is an online resource for individuals seeking an intensive introduction to the worlds of day and swing trading. Bulls on Wall Street operates under the leadership of CEO and accomplished investor Kunal Desai, who founded the firm in 2008 to share his extensive day trading knowledge with a wider audience.

In a recent interview with MotivationGrid, Kunal Desai offers advice for aspiring traders, entrepreneurs, and professionals of all disciplines who are seeking effective strategies to reach their goals. He advises individuals to:

1. Follow your passion. When asked to describe the epiphany that led him to pursue trading full-time, Mr. Desai described the moment less as a sudden realization and more as a consistent state of being. “When you dream about making great trades,” he said, “You’re a trader!” Although it took him time to hone his craft, Kunal Desai felt obligated to pursue the passion that truly brought him joy, and it eventually paid off.

2. Manage your time wisely. In order to have time for both work and play, professionals must approach each day in a strategic fashion, prioritizing tasks to maximize both time and energy.

3. Make your passion a commitment. Mr. Desai admitted that if he could change one thing about his professional trajectory, he would have spent more time preparing to trade full-time. Today, he follows a strict mental and physical regimen to work at his highest potential.v

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Taking Advantage of a Market Overreaction to Brazilian Scandal

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Taking Advantage of a Market Overreaction to Brazilian Scandal

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Focused on results, Bulls on Wall Street offers an education platform that enables subscribers to achieve measurable, consistent trading success. Guided by lead instructor and CEO Kunal Desai, Bulls on Wall Street builds on a personal system developed during the Dotcom boom years.

In a recent website article, Kunal Desai focused on trading strategies in the aftermath of the Brazilian President being bought up on bribery charges. As he described it, this was a situation in which the market overreacted, as it tends to in situations perceived as out of the norm. This led to his team trading the exchange-traded fund (ETF) BRZU, which represents Brazil as a country.

The day began with Mr. Desai following a sudden 15 percent drop in EWZ, an ETF that represents the overall Brazilian market. With the ETF approaching its daily support level, the decision was made to trade BRZU, which is the 3x ETF for EWZ and thus provides extra leverage.

Finding a double bottom for BRZU, Mr. Desai took long positions once it broke above trend lines. Wary of the huge range, he scaled up this position gradually as BRZU rebounded from a low of $24. He had sold all of the shares by the time the stock reached $29.47. This quick recognition of a market overreaction and double-bottom buy situation led to thousands of dollars in profits.v

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Stories by Bulls on Wall Street : Contently

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Kunal Desai devised Bulls on Wall Street's unique curriculum by sharing his own trading methodology through in-person training and webinars on the market.

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Kunal talks about how we should achieve mastery in trading. Full Video: https://www.youtube.com/watch?v=B74gAg5Ouns Check out our FREE trading education library: http://bullsonwallstreet.com/blogs/education/ Subscribe to our channel and get access to the newest trading videos every week. ## About Bulls on Wall Street We teach day trading strategies and swing trading strategies to both new and experienced traders.

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Why You Should Focus On The Best Plays - Stock Trading Tips

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Even during a profitable day mistakes are made. Kunal discusses some simple mistakes he made trading too many stocks and getting greedy. Free Chat Day: https://attendee.gotowebinar.com/register/7774559139837707267 Check out our FREE trading education library: http://bullsonwallstreet.com/blogs/education/ Subscribe to our channel and get access to the newest trading videos every week.

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Three Pieces of Required Tech for Stock Trading

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Three Pieces of Required Tech for Stock Trading

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Since its establishment in 2008, Bulls on Wall Street has provided daily stock trading alerts and a range of educational courses, including its “Bulls 60-Day Trading Bootcamp” and “Intro to Trading,” both to help novice traders understand the market and develop the skills of experienced traders. To find success as a trader, Bulls on Wall Street recommends equipping yourself with three key pieces of technology:

1. A powerful computer. A computer running the latest Windows operating system is essential to successful trading. Ideally, the machine should have a powerful processor and a minimum of eight gigabytes of Random Access Memory (RAM), particularly if you engage in short-term trading. Further, equip the machine with antivirus software, especially if the computer is used for purposes other than trading.

2. Multiple computer monitors. Stock information comes from a variety of sources, so using multiple monitors saves time you would waste switching between different sources. Most traders maintain a system that uses two to four monitors.

3. Reliable Internet service. A drop in Internet connectivity restricts your access to the latest developments, which means you can’t react as quickly as you should. Fiber optic connections are optimal, though cable modems usually prove reliable.

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Resiliency and Success in Wall Street Trading

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Resiliency and Success in Wall Street Trading

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Guided by longtime day trader and entrepreneur Kunal Desai, Bulls on Wall Street offers actionable pathways toward generating consistently profitable trading results. Interviewed on traits that make a successful trader by The Guy Society, Kunal Desai brought focus to the concept of resiliency.

One core aspect of resiliency involves shaking off losses and taking lessons learned to heart. When a setback occurs, the best approach is not to give up but to get back to work and grind it out. Desai describes a situation in which a hot streak suddenly ends and a couple brutal days threaten to snowball and create unsustainable losses. An important aspect of bouncing back in this situation is to carefully document the trades undertaken and analyze statistics on what works and what doesn’t.

When slumps hit, Desai shifts from speculative approaches to go to trading strategies that have generated consistent results in the past. He simplifies processes, while returning to equity plays that he feels confident will get him back into positive territory.

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Trading stocks for a living is often just like the market upon which the career is built, boom or bust. The fear behind delving into stock trading is always the fear of the gamble. No one wants to risk it all and lose it all. But yet, the allure of fast money, of a dollar making two, and winning your financial freedom, brings many of us back to Uncle Sam's poker table.

But any poker player will tell you that their poker skills have a lot less to do with luck, and a heck of a lot more to do with their intuition, preparation, and knowledge of the game. Kunal Desai is known as one of the market's best traders, and he built his career from nothing to a globally recognized brand. He shares some of his insights on how to approach the market, as well as how to prepare for becoming a "player" and the practice it requires to become a champion who can truly run with the Bulls (that's a market pun guys).

The Guy Society: You're known as one of the major players in the day trading game. How and why did you get into day trading?

Kunal Desai: I have been in the markets since my freshman year of college. I graduated high school in 1999 and after went to Michigan State University. This was right during the time where colleges started to wire the dorms with broadband internet and students started to carry laptops. In college you have a lot more free time than in high school, you don't have the daily structure of always having to be in class. This is when I started to read about the markets and started going on MSN Money and Motley Fool and reading about stocks. My dad always talked about stocks and, this being the last year of the tech boom, stocks were an everyday conversation. So I opened my first account at buyandhold.com and put 500 dollars in and bought my first stock. During this time I started to really soak up everything I could and my dad, hearing that I was interested in stocks, would send me tips and ideas all the time. I started to grow my account and then when the tech bubble busted I lost all the money. After taking a break for 6 months, I got right back into it and started to try different strategies. I made and lost money for a few years till I started to really hit my stride between 2006-2008 after I met my mentor Paul. From there my consistency really picked up and with the advent of Twitter I started to post ideas and really picked up a following. From there we launched Bulls on Wallstreet. This has been my life's passion. It's all I have ever thought about. It was tough though, after college I still wasn't very good, so I had to go get a job and continue my education in day trading. I was ready to do it as long as it took. When you live and breathe something you, eventually, are that something.

The Guy Society: For someone with no experience in trading, where should they start?

Kunal Desai: For someone with no education in trading. Think of this like a business. What would you do if you wanted to be a doctor or lawyer? What if you wanted to open a business or get into real estate? What is involved? You wouldn't go into a bank and ask for a loan for a business without a business plan. Trading is the same way. You need to learn and get mastery over the subject just like in any job. Think about how much work a surgeon goes through before they ever do a surgery. All that work. Trading is the same way, you need to get educated. Then practice trading. Use what you have learned and develop skills through repetitions. You ever see anyone that is considered a genius in their craft, whether it's a basketball player or a quarterback, musician etc? They have thousands of hours of repetitions to build that mastery over that subject. As traders we need to start building up those reps. There is an article I wrote on how to start a trading business, I recommend you read it. Once you get these basic things down and you're making money on a trading simulator everyday, you know you're ready to trade live money.

The Guy Society: There's always risk when it comes to trading, what do you think makes a successful trader?

Kunal Desai: I think being resilient is the number 1 trait I have seen from training thousands of students. After a loss or a setback what happens next? Can you shake it off and push forward? Most people do not deal well with failure. The ability to come back to work and grind it out after a setback is key. That shows your character and your ability to be successful long-term.

The Guy Society: Trading can be instant win or instant loss, what has been your biggest win to date? Similarly, what has been your biggest loss and how do you personally bounce back from a loss?

Kunal Desai: I have had weeks where I make 20-30k and months where I can really be hot. But hot streaks cool off, then what? When the tide turns and you start to lose can you nip it in the bud. So many of the times in my life, when I was a newer trader, a couple bad days turned into huge slumps where I lost 10k in a day and 20k in a week. One of the things that has helped me over the years is to really document all my trades and my statistics on what I do well. So then when I get in a slump I narrow my focus on my "Go To" setups, my best type of trades, to bust my slump. I simplify my process and start just looking for a few different types of plays that I know I always do well on.

The Guy Society: What advice would you give to someone that wants to give up their 9-5 to become a full time trader?

Kunal Desai: Make sure you love it. If you just want to make money there are thousands of things you can do to make money. In this business, where you only eat what you kill, you need to love it and have passion for it. That's the only way that when you get knocked down you know you will get back up. You have no choice, as it's your passion!

The Guy Society: Your Instagram shows a life of freedom. When did you finally realize you'd "made it"?

Kunal Desai: I still don't feel like I've made "it". I am trying to be my best self and be better each day than I was the day before. Some days I'm not and it's a step back but I'm still hunting. I work more now than I did even ten years ago. I have more passion for trading and teaching then I did five years ago. I am in better shape, work harder, and love this more now then I ever have. I can do better and I will. I study more about trading and more about developing myself as a CEO than I ever have. I haven't made it yet. Maybe I never will. I want to be the best that I can be.

The Guy Society: The world of trading can be filled with pressure. How do you handle that pressure?

Kunal Desai: Pressure is the name of the game. Any job with high pay equals high stress. That's with any profession. I moved to the beach just to clear my mind and it's awesome. No matter what happens in the day I step outside and I can see the ocean and hang out on the beach. I know life is good. I go for a swim in the gulf almost everyday.

The Guy Society: You founded Bulls on Wall Street, how did that come about?

Kunal Desai: Bulls On Wall Street came about at end of 2008. It really came with the advent of Twitter. At the time nobody really understood what a game-changer it would be for the spreading of information and news; how regular folks can become personalities and gain following. I accidentally stumbled on Twitter and just started to post my stock-picks on there. At the time there were a few people doing it but even less people actually posting their trades -the good and bad trades. There is a certain credibility that you can build over time doing that, as with Twitter if you stink or post bogus stuff people will just un-follow you. From there, rather than just having tweets and random conversations, I wanted to really centralize the flow and have everyone in a room where people could talk and share ideas. Something that was free flowing. So that's when we built bullsonwallstreet.com

The Guy Society: You've traveled to some incredible places. What's been your favorite destination to date?

Kunal Desai: Costa Rica is my favorite. It's like Jurassic park out there! I went in 2012 with my three best childhood friends from grade-school and we lived there for 3 months. It was the best experience of my life. You don't realize how little you really need till you get out of the country. We had a tiny place on the beach with a bag of clothes and our computers. It was incredible just living there going and getting fresh food everyday and not having access to American luxuries and foods. You realize all you need are a few good friends & family, some good waves, great wine and life can be pretty amazing. I've been out there four times in the last two years it really feels like my second home.

The Guy Society: What's next for you?

Kunal Desai: Next for me is taking my students to the next level. Till they are all where they need to be I am not satisfied. We work day and night to provide the support and education that they need. I have, already, a bunch of my own students with their own trading sites now. I want a hundred of them over the next couple years, then I'll really know I've done something.

The Guy Society: We really appreciate your time and our readers will no doubt learn a lot from you. If you have any last pieces of advice, I'm sure or readers would appreciate it.

Kunal Desai: Never stop hunting guys. Every day think about what your "perfect day" should look like. What I mean by that is, what are all the little things you must do each day to make sure you have a great day? So many times we get focused on the results of life. How much money we make or what we get etc. You can't control your results. The only thing you can control is the "process, process, process." Everyday, attack the process and make sure that you hit your "perfect day". And if you hit that "perfect day," each day, what will happen is that over the course of weeks to months you will start to see incredible results. You were not put here to be average. All people have greatness inside them. But greatness has a cost. You have to be on the hunt each day attacking the process. Remember you can not expect, from a string of ordinary days, extraordinary results.

To connect with Kunal Desai, follow him here

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Kunal Desai: No Bull on How to take over the stock market - The Guy Society

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Trading stocks for a living is often just like the market upon which the career is built, boom or bust. The fear behind delving into stock trading is always the fear of the gamble. No one wants to risk it all and lose it all.

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Click here to Check out Bulls on Wall Street
Bulls on Wall Street is a day trading chat room that was founded in 2009 by the day trader, Kunal Desai. Since 2009 the business has expanded to include a Boot Camp style day trading course. Traders familiar with Kunal will almost certainly think of him as a friendly, fun loving individual. He runs his business much like we might think of a Silicon Valley start up. He trades in the morning from his ocean front home while wearing one of his favorite neon colored tank tops, then goes beach side for the afternoon to hang out with friends.

I think many people would look at Kunal as a man who is living the dream. Running a small business, trading the markets, and enjoying life. He also spends a good amount of time on the road traveling in Central America and around the United States on various adventures. While these journey's don't always offer the best internet for running a chat room, he has moderators who keep the room active when he can't be there. Perhaps most importantly, Kunal is somebody that both his students and fellow traders admire and look up to.

Bulls on Wall Street Chat Room Review

As a member of the Bulls on Wall Street chat room I immediately felt like I was part of the team. Kunal jumps in the chat room often moments before the bell rings, asking traders in the chat room which stocks are gapping up. Sometimes it feels a bit scattered. As a beginner trader I think one would feel overwhelmed and lost because there isn't a clear list of stocks he likes, other than a watch list from the night before. As we all know, a lot can change overnight so sometimes there are stocks that are in play the next morning but new traders might not know about them. As a skilled trader I take no issue with his approach, but a morning recap would be helpful. I've been in other rooms that start earlier giving traders time to analyze the market well before the bell rings.

Strategies at Bulls on Wall Street

The Bulls on Wall Street chat room is setup as an audio video feed with screen share and chat room access. This gives traders a direct view into what Kunal is looking at which I think is very helpful. When Kunal takes trades he usually shouts out that he's in the trade, but exact price is sometimes unknown. His strategy is fairly equally long and short, with a focus on flag breakdowns on the short side an flag breakouts to the long side. These patterns are fairly easy to understand, but they aren't always articulated clearly to chat room members. I think there could be improvement in this area. He also takes multiple positions at once, and occasionally loses track of the trades he's in. An example is that he'll say he stopped out a few moments ago, but traders who weren't paying attention and are still holding the position will be underwater. Again, I think this is an area where a beginner trader could get confused, but skilled traders should have no issue here.

Daily Entertainment at Bulls on Wall Street

In all honesty, half the reason I stay a member at the Bulls on Wall Street chat room is for the daily entertainment. Kunal is a really funny and entertaining person. He lives with his roommates (also his employees), and hearing them tell stories of getting into bar fights or Kevin making a fool of himself are hilarious. For many traders, this career can be fairly isolating. This makes being a member of a chat room enjoyable, and Kunal definitely brings the entertainment here. I think very few people could be a member of the Bulls on Wall Street chat room and not get a good laugh on a near daily basis.

Bulls on Wall Street Boot Camp

Starting in 2012 Kunal began teaching a Boot Camp style day trading course. In keeping with many other trading courses, he covers all of the basics of trading before moving into the more advanced day trading strategies. I haven't taken his classes, but through speaking with current and former students, it seems Kunal puts a tremendous amount of energy into his program. While many courses by competitors are recordings only, the Bulls on Wall Street classes are live. This is nice because of the obvious advantage of being able to ask the teacher questions. I spoke with a few students who took the trading course and still weren't trading profitably, but I don't think this is entirely uncommon, especially in an industry as competitive and challenging as day trading. His Boot Camp is priced just under $3k which is fairly expensive for most beginner traders, but well worth the investment in their education.

Bulls on Wall Street Final Thoughts

The Bulls on Wall Street takes its place high in our Top 10 list. We feel Kunal and his fellow instructors provide a solid and transparent trading platform that is good for begins and exceptional for skilled traders. Kunal provides education in an easy to digest format. His teaching style is conversational, funny, and easy to comprehend. There are a few other chat rooms that provide equally good value for experienced traders, and perhaps more value for beginner traders, but the Bulls on Wall Street should remain on the list of services to test out.

TickerTV Bulls on Wall Street Channel

Kunal has previously been a broadcaster on TickerTV. His channel is currently inactive, but if he starts streaming again we will be sure to link to that channel.

As always, if you have questions or thoughts, please comment below!

Check out more reviews of Bulls on Wall Street at Investimonials.

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Bulls on Wall Street Review: What I learned about Day Trading

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Click here to Check out Bulls on Wall Street Bulls on Wall Street is a day trading chat room that was founded in 2009 by the day trader, Kunal Desai. Since 2009 the business has expanded to include a Boot Camp style day trading course.

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Kunal Desai always knew that his passion lay in the markets. He began trading during his freshman year of college and perfected his strategy over thousands upon thousands of trades. When he finally found a strategy that worked well, he knew that he could keep it to himself and do very well. However, he wasn't content with that solution. Instead, he wanted to teach his strategy to others who were interested in stocks but just hadn't been able to find a great strategy. This led to the launch of Bulls on Wall Street in 2008.

Kunal started this as a one-man operation, but quickly realized that he needed a team to fully realize his vision. His first student, Maribeth Willoughby, picked up the strategy very quickly. Before long, she was able to keep up with Kunal's trades and was trading alongside him in the Bulls chat room. In fact, her skills had grown so much that Kunal made the decision to hire her as part of the Bulls team.

Kunal (right) with students at the Bulls house.

From there, he hired another one of his students, Jordan Brown (currently BOWS Director of Education), to develop his ideas into a formal curriculum. When asked about why he joined BOWS, first as a student and then as a team member, Jordan offered "Kunal's passion for trading is why I first joined the Bulls on Wall St service. As we traded together, it became obvious he attacked everything with that same level of passion and commitment; I knew I had to be a part of that, so I joined the Bulls team."

Because of the nature of his business, he was able to get to know Maribeth, Jordan, and other former-students-turned-Bulls on a very personal level. Of Jordan Brown, Kunal says "I trained him when I was doing 1 on 1 training and he saw how first hand his writing skills from reading his trade journals." Because each member of the leadership team was once one of Kunal's students, each hiring decision wasn't based purely on a resume and an interview, but rather the skills that Kunal had witnessed them developing firsthand. This in turn has led to a very unique company culture. "One of the best moves I have made that has helped us grow is that all our employees were students of mine at some point," says Kunal. "Having a group of partners who have learnt directly from you how to trade and have been mentored on business, trading, life gives us a company culture where every person thinks in lockstep with the other. We share the same values and look at trading the same way."

Kunal and some students at a Vegas convention.

Kunal's students also had great things to say about this. "When Kunal started tutoring me, I was a complete market novice," says Maribeth Willoughby, current BOWS VP. "Like any great teacher, he not only taught me, he inspired me to continually learn and grow as a trader. I joined him and Bulls on Wall Street so that I could help inspire others to pursue their trading dreams." Current Director of Sales Blake Anderson said, "What first began as a desire to learn a new skill turned into a dream come true. As my journey to learn the profession of trading continued to progress, I couldn't help but to notice that Kunal was more than a trader. He is a mentor and someone that you want beside you in all aspects of life. Given the chance to work beside him and give others the same opportunities in life through trading, joining the Bulls on Wall Street team was a simple yes - a must do."

While the move to hire customers sounds unorthodox, Kunal has shown that it can work out. All organizations face challenges when they grow, but the fact that BOWS' leadership team is so close-knit has clearly helped them stay on the same page as they continue to expand.

If you are considering taking Kunal's approach and hiring some of your most loyal customers to join your team, here are a few questions to think about:

1. Which customers fit in with your company culture and share the same values?

2. Which customers possess a thorough understanding of both your product and your target market and how to relate to them? The best customers you can hire are the ones who match your targeted buyer profile as closely as possible.

3. Which customers have unique insight and perspective about improvements that can be made to your product to better serve your targeted buyer profile?

In short, you are looking for customers who engage with your product/service beyond a simple purchase. They are the ones that willingly leave feedback and genuinely want to make your company better.

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This CEO Hired His Most Loyal Customers -- Here's Why

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Kunal Desai always knew that his passion lay in the markets. He began trading during his freshman year of college and perfected his strategy over thousands upon thousands of trades. When he finally found a strategy that worked well, he knew that he could keep it to himself and do very well.

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One common attribute that many entrepreneurs have is a desire to make an impact on the world by helping people. In 2016, business leaders are now finding their calling in online teaching. Whether it's business coaching, sales training or teaching niche skills or hobbies, there's a market for almost any skill these days. For the people who figure out how to scale it, there's a lot of profit to be made.

Teaching online has become an attractive business model because it allows people to make money doing something they are passionate about. We've all heard about the school teacher who quit because the job doesn't pay enough. Technology now lets regular people actually scale their teaching faster than ever before. Simply put, they can help people without sacrificing profitability.

One success story of the online teaching boom of recent years is Kunal Desai, founder and CEO of Bulls on Wall Street, a company that teaches people to trade stocks online. Desai came to his idea of launching Bulls on Wall Street while working as a successful stock trader. He decided to try making money teaching it to people. Now his company offers a series of successful bootcamps for prospective traders. I caught up with Desai and asked him about how he built and manages his teaching empire.
John: When you were planning your monetization strategy, how did you plan out how you would separate your levels of service?
Kunal: "This took some time to really think about when we started. We set out to take people who knew nothing about trading stocks and turn them into professional traders. This solved the biggest problem for me when thinking about the monetization strategy, which was scale.

You can only fit so many people in a chat room before it becomes a zoo. It's also harder to monetize a chat room. If you have 500 members at 100 dollars a month, it's only a $500k/year business that struggles to scale much higher. We've personalized the business and also created bootcamps that individuals can be a part of. Being a full-integrated company can take a $500K/year model and turn it into something that is worth tens of millions if the plan is executed properly."
John: One of the areas I write most about is how small businesses can use social media more effectively. Can you speak to what sort of role social plays in your business strategy?
Kunal: For us social media is a huge part of our business. On social media we talk about how we are a family business. I have my three best friends working for me along with numerous former students. I have had over 200 different students come to my house and stay for a week and finish their trading. I house them and feed them as if they are my own family.

Social media is everything on getting those messages out on what you believe in your values and the type of culture you're building. It also allows me to interact with people on a daily basis and build relationships.

If you go on my Twitter or Instagram, you will see me talking stocks with people each day. I not only get to show my lifestyle, values, and culture, but also my competence. I post articles and ideas each day. Behind all the social media you need to show that you are the best and give people a peak at how good you really are."
John: What are some concrete steps Inc. readers can take if they aspire to create their own online business?
Kunal:

1. Figure out your skills. What are you good at? What is your edge that you can tap and market to others?

2. Research your field and the biggest names in it. Figure out what they do well but also really dig into where the holes are -- where you can fill a need and provide value. How can you differentiate yourself?

3. Learn. Go on sites like Khan Academy, Coursera, and Udemy. There are so many free and cheap classes that you can take. Learn a little bit about Internet marketing, web development, social media and others. In the beginning you will have to wear a lot of hats, so make sure you train your brain. I still take classes from those websites to this day.

4. Reach Out. People are inherently good. Reach out to some successful people that run similar businesses and ask questions. Get some guidance. Hit them up on Twitter, Instagram, and email them. I reply 100 percent to all my emails when people randomly reach out for advice.

5. Just do it. There is no better day than today. If you wait until you get all the training and all the information you need to make a move, you will be waiting your whole life and it will pass you by. Start working. Build something, and don't be afraid of the obstacles or what you do not know. In the end you will get knocked down thousands of times. It's inevitable; you have no choice in that. But it is your choice whether you get back up."

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Why Online Education is a Popular Path for Entrepreneurs in 2016

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One common attribute that many entrepreneurs have is a desire to make an impact on the world by helping people. In 2016, business leaders are now finding their calling in online teaching. Whether it's business coaching, sales training or teaching niche skills or hobbies, there's a market for almost any skill these days.

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Kunal Desai has accomplished a lot in his career. He became the VP of his company at 25, but knew that he wasn't following his passion. He had been interested in the markets for a while; after months of trading in his free time, he decided to make the plunge and trade full time. He is now the founder and CEO of , a firm dedicated to teaching students of all ages and experience levels how to trade stocks. His business has freed him to travel across the globe in his spare time and spend plenty of time with his friends. We spent some time getting to know Kunal and hear what advice he has to offer for those who are also interested in trading and following their passion. Learning from others who have walked the path before you is one of the most important keys to becoming a Bulls on Wall Street millionaire. Here is what Kunal had to share.

Kunal's Advice for Aspiring Millionaires

If you could go back in time and give yourself one piece of advice when you started trading, what would it be?

1. I would go back and tell myself to treat this like a job. I thought that just waking up one morning and reading some books gave me the right to go out and make money to make my dreams come true. No, I was dead wrong! This is a job; it's no different than learning how to be a doctor or lawyer and you need that same level of commitment and preparation. Think about an elite athlete or some other high performer, think about what they do to get to that status. Then go about learning how to trade in the same way. I literally prepare myself like an Olympic athlete. Beyond just perfecting my technique, I need to work on my body and mind in a 360-degree program.

You were very successful in your career before starting Bulls on Wall Street. What was the 'ah-hah' moment that made you decide to leave that behind and trade full time?

2. When you dream about making great trades, you're a trader! When you're sitting there on the toilet and you're thinking about stocks, you're a trader! When you're out talking to pretty girls and your mind wanders off to stocks, guess what - you're a trader! Now at that point I wasn't very good, but when it's in your heart and soul, you have the obligation to yourself to do every single thing you can to get there and make it.

Between trading and teaching/mentoring, you seem to have a packed schedule, yet you also spend a fair bit of time traveling. How are you able to handle that work/life balance?

3. It's hard! What you see now is a finished product. What you don't see is the 10 years before that with no vacations. No time off from the 24-hour grind! Now that I've hit some of my goals I enjoy myself a lot more. In order to balance things it's really about managing both your schedule and your energy. If you're going to work and be productive and also have fun, you can't afford to waste any part of your day. I don't just mindlessly work, I ATTACK my day in a systematic fashion. In the morning I get my big projects and creative work out of the way since that's when I am freshest. I only answer emails very late at night when I'm tired and I don't need to have much energy because they're energy zappers. Doing your mindless tasks when your brain is at its peak performance is a waste! I analyze my schedule the same way I would analyze a stock or investment, making sure I get the most bang for my buck. Everything from what I eat to how much I sleep to how I exercise has a specific function to make me an elite performer; this is no different from an athlete like Tom Brady (my favorite football player!). If you can do that then you can travel the world, make money, be healthy - you can have it all, just make sure your work has a purpose.

There is so much information out there on trading, and hundreds of different strategies. As far as an entry point, what would you tell someone who wants to get into trading but is intimidated and doesn't know where to start?

4. Find out what type of trading your interested in. There are investors like Warren Buffet that hold stocks for 10 years and then there are traders that move around in different stocks every single day. From there, really learn every single thing you can about that type of trading. Read books, go on YouTube, read blogs - see if this is of interest to you. I want to stress this: really make sure you have an interest before you start spending money on a type of trading. Once you know the interest is real, go find a mentor. Every elite performer has an elite coach. Think about Michael Jordan; he didn't become a 6-time world champion without Phil Jackson! There are websites like mine - bullsonwallstreet.com - that are solely focused on building traders from the ground up. If not me, find someone else! There are so many good folks out there.

Are there any specific industries/sectors you've got your eye on at the moment?

5. Right now I'm looking at oil stocks, as the price of oil is at an historical low. The question is a matter of timing. Many of the oil companies that people are looking at are going to go bankrupt; even if oil goes up 20-30% the damage has already been done. So I really am digging into which stocks will survive, then which ones have the ability to go up the most with the least amount of risk. Don't get suckered into seeing an oil stock at 2 or 3 dollars, thinking that it's cheap. Cheap gets cheaper - a lot of well-known oil stocks were 100 dollars and now are sitting at 1 to 2 dollars. Most likely those are bankruptcy risks. Find the liquid ones that will survive.

If someone wants to trade with you, what should they know and expect from your program? What do they have to do to get your attention?

6. When people enter our program I let them know this is no different than going to med school or law school. Sure it won't take as long, but I need the same level of commitment from them. You give me 100% and I will give you 110% back. It's a 360-degree program, from live classes 4 times a week to weekly homework, quizzes, and group work with your peers. Once that is all done I put my students on simulators and watch them to make sure they are getting the techniques down. I give all of my students attention, but the truly great ones stick out because they are tough. They are resilient; they do their work diligently but that's a given. Working hard just gets you in the door. To reach next level you have to dig much deeper and keep attacking the process with passion. Learning to trade or just being successful is tough. It's a given that you will get knocked down. That is the only certainty you have, but it's your choice to get back up and rise when you don't think you can. That type of toughness and greatness is a choice. Greatness has a cost you must be ready to attack everyday every moment.

Mastering the keys to success and paying the price necessary to get there isn't always easy, but anybody who is committed can do it. What is the cost you are going to have to pay to reach your greatness?

Photo credit: Unsplash.com

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entrepreneur's advice for reaching your dreams

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Read This Wealthy Entrepreneur's Advice for Reaching Your Dreams

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Kunal Desai has accomplished a lot in his career. He became the VP of his company at 25, but knew that he wasn't following his passion. He had been interested in the markets for a while; after months of trading in his free time, he decided to make the plunge and trade full time.