In this article, we will delve into various aspects of Stock Burner's life, such as his background, financial worth, age, height, career, trading failures, story, family, relationships, and much more. So, let's dive in!
Who is Dinesh Kirola aka Stock Burner?
Biography
Dinesh Kirola was born on 9th July 2000 in a small village called Almora in Uttarakhand, India. He comes from a lower-class family background, with his father being a vegetable seller and his mother a housewife. Dinesh has four siblings. During his childhood, he lived with his uncle and received his primary education there.
Dinesh Kirola (Stock Burner) Trading Journey
Entry in the Stock Market
During the LOC posting in 2020, Dinesh Kirola couldn't carry weapons due to medical issues. So, he took up the responsibility of cooking for the soldiers. While doing this, he stumbled upon a video on YouTube about earning lakhs in the stock market. Intrigued, he opened a demat account.
At that time, Dinesh was earning a monthly salary of 45,000 rupees. He started trading in the stock market with that amount and initially made small profits of 20-30 rupees a day. Encouraged by a friend, he invested 80-90 thousand rupees from his savings in an IPO and earned a profit of 18 thousand rupees. Greed then took over.
Greed
After making a profit of 18,000 rupees, Dinesh got greedy and combined it with 80,000 rupees for trading with one Lakh Rupees. Due to short selling, he lost 20,000 rupees in a day and tried to recover but lost 45,000 rupees before reaching one lakh rupees again.
In 2021, he attempted option trading to recover the one lakh rupees loss but faced a major setback. Despite making a profit of 20,000 rupees from a new investment, his greed led to losing it all. Seeking help, he borrowed eight lakh rupees from a friend as a personal loan with 18,000 rupees monthly installments. Nonetheless, he persisted with trading despite the setbacks.
Big Losses & Multiple Loans
Dinesh combined three lakh rupees from his salary and took a bank loan of seven lakhs. He invested the entire ten lakhs in the stock market to recover from his earlier loss of ten lakhs. Unfortunately, he lost all that money in just three weeks. After losing twenty lakhs in total, he stayed away from the stock market for a while and began repaying the loan from half of his salary.
Burden of Debt
Earning 45,000 rupees per month, Dinesh started paying installments for a one and a half lakh rupees bank loan and the share of his friends. Within three months, he lost all the invested money, leading to disputes with his friends. During a month's leave, he learned stock market intricacies from one place and improved his approach.
The Comeback
In the end, Dinesh Kirola had around three lakh rupees left. Despite a risky situation, he resumed trading with that amount. In a single day, he made 22 lakh rupees but also lost 18 lakhs. When army officers found out about his troubles in the stock market, it affected his job. In April 2022, Dinesh decided to leave the army and become a full-time stock trader. He started uploading share market strategy videos on the "Stock Burner" YouTube channel, which has been viewed by over 40 Million people.
When Dinesh earned 20 lakh rupees, he sent eight lakh rupees back home for his sister's wedding and used the remaining 12 lakhs as capital for trading while staying in a rented PG on a monthly rent of ten thousand rupees. His earnings eventually reached up to 1.5 crore rupees.
Where is Dinesh Kirola (Stock Burner) Now?
After months of trading underground, Dinesh Kirola revealed his success in the stock market, earning 1.5 crore rupees, to his family on last year's Diwali. Initially, they didn't believe him, but after showing account screenshots, they were convinced. After celebrating Diwali at home, Dinesh bought a new apartment and decorated it lavishly. He even gifted a scooter to his father. Now, he has set up a trading setup at his home for stock market trading.
Facts
- Dinesh Kirola is a popular stock market investor from a small village in Almora, Uttarakhand.
- He was a former ex-army man who ventured into trading after leaving the military.
- Born into a poor family, his journey from a lower-class background to a successful trader is inspiring.
- Dinesh has garnered a significant following on social media platforms like Instagram and YouTube.
- His net worth is estimated to be around ₹3-4 Crore, earned through stock market investments, YouTube, and social media.
- Despite facing setbacks and losing around 40 lakhs initially, he persevered and eventually made a profit of approximately 20 lakhs.
- Dinesh loves sports like football and badminton.
Frequently Asked Questions (FAQs)
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References
- Stock Burner
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This post first appeared on Blog About Finance, Entrepreneurs, Trading And Net Worth Of Different Celebrities., please read the originial post: here
