“What differentiates you from other traders?” I asked, starting with a basic question, not expecting the answer to thrill me as much as it did.
“I used to feel the candlesticks,” Umesh said during our podcast.
At first, it sounded unusual. Feel the candlesticks? What does that even mean?
So I asked him directly, “Can you explain what that means? How do you feel a candlestick?”
He smiled and replied, “It’s simple. Most trader thinks that sitting in front of the screen, watching price movement, will help them to become a pro trader. They keep watching the stock price moving from ₹400, ₹404, and then to ₹402.”
“Yes, and I think that is one of the biggest reasons behind their loss,” I added.
“Absolutely, correct,” he said and then continued, “A trader must look at the candlesticks, not the price. The candles tell you everything.”
“I want to know more about this, like what is the right way to look at candlesticks,” I interjected.
Umesh sat a bit straighter and explained, “A candlestick is just a rectangular shape formed because of price changes. But inside that candle is a pattern, a movement, a message. People think green means bullish and red means bearish, but it’s not that simple.”
He continued, “If you want to become a serious trader, you have to look beyond the color. You have to observe the behavior, where the price opened, where it went, and how it reacted. The candle tells you what buyers and sellers are doing.”
I nodded and got into more detail, “So, many people are doing it wrong already, looking at andlestick is not only knowing the price but the psychology behind that movement,”
“Yes, it’s 80% psychology only. Another mistake that traders make is following indicators for taking entries and exits,” he explained in a serious note.
He continued, “Even I did that in the beginning. Let me share one incident with you.”
So, it was the time when I first came across the term technical analysis, and my curiosity took me to the institute where mentors used to explain different indicators. I still remember the day when I learnt about RSI, I thought, oh that’s it, 70 overbought-sell and 30 oversold-buy.”
“Hahaha, so you have been there too.“
“Yeah,” he further added, “It doesn’t end there, at that time I was working as a dealer with one of the sub-brokers, and told the clients that from now onwards I will give you stock tips.”
“Oh my God! That level of confidence,” I remarked in between.
“Not a confidence, overconfidence,” he said with a smile and a chuckle, “And then I found that indicators don’t work in a live market. Thankfully, I realized this soon and didn’t become the reason of my clients’ losses.”
“Thank God,” I took a deep breath.
“”So, what made you realize that technical analysis was not just about using indicators?” I asked.
“If you are trading with Indicators, you can’t place accurate stop-losses. It’s the candle that shows you real behavior.”
He continued explaining, “After realizing I learned other ways of understanding the market, and to keep track of my learnings & trades, I started keeping a trading journal.”
“That’s one of the traits of a successful traders,” I mentioned & continued, “But unfortunately, many traders are still not aware of it.”
“Okay, so moving forward, how will you use your trading journal?l”
He answered calmly, “I’d write down every trade, every observation. Then I’d discuss those trades with my mentor. That’s how I started learning that losses are part of the process.”
That’s what differentiates him from the rest. For Umesh, trading wasn’t just about strategy. It was about learning, feeling, and understanding each movement on the chart.
And perhaps, that’s the difference between someone who guesses and someone who trades with purpose.
The conversation with Umesh was deep, and it helped us to understand the real meaning of trading.
It was the first time we truly realized that trading is not just about numbers or tools, it’s about understanding behavior.
His approach reminded us that behind every candle, there’s a story of fear, greed, and decision-making, and only a patient trader can read it.
Before investing capital, invest your time in learning Stock Market.
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