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Mihir Sukthankar’s Life of Finance

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People enter the trading and investing game for a wide variety of reasons. Primary to these, of course, is to make money. The exact type varies, with people entering the market to make a quick buck, save their money as assets, or “grow” their money with investments as a source of passive income. For some more successful traders, trading can become a solid career that provides various benefits, like flexible working arrangements and potential financial freedom. For those who are even more dedicated, trading can become a lucrative lifestyle that results in riches unachievable through a conventional nine-to-five job.

Though it is the main reason, money is not solely why people start trading. For those with the cash to spare, trading is done as an enjoyable and occasionally profitable hobby. These people see trading as a game, enjoying the gamble of risk and reward the activity provides.

Stocks and options trader Mihir Sukthankar is a little bit of both. Starting on the stock market at just 14 years old, Mihir quickly discovered his interest as well as his aptitude for the endeavor. Like most young traders, Mihir initially saw trading as an easy source of alternative income, as well as an entertaining way to pass the time. It did not take long for Mihir’s spark of interest in finance, however, to turn what was once a hobby into a lifestyle and full-time career.

At just 18 years old, Mihir is now highly successful as a trader, mentor, and entrepreneur, being the owner of three financial companies. His mindset of passion, resilience, and hard work allowed him to acquire the skills and experiences needed to thrive in the highly competitive financial industry.

In contrast to Mihir’s journey, the story of most young investors is vastly different. After being pushed to the market by an ailing economy and a pandemic-borne global financial crisis, impetuous and inexperienced young investors are being eaten up by finance veterans. Compounding the problem is the popularity of various fintech firms that promise quick and easy profits and provide avenues for trading without offering essential guidance to its new investors.  

With his firsthand knowledge of the young investor experience, Mihir saw the situation as a problem that he is in a unique position to solve. As a bonus, his experience in coding and managing teams in his past work with nonprofit organizations helped him establish the financial companies he had in mind.

Mihir’s first company was Traders Circle X, an association of options traders under Mihir’s guidance. It was based on the idea of signals, which are easily comprehensible and navigable instructions that can be followed by traders of any kind. Under the expert analysis of Mihir and his hand-picked partners, TCX has grown to a group of 4,000 traders. As a further sign of the organization’s success, the confidence of its member traders has seen them leaving their jobs for a full-time career in trading despite the difficulties brought about by the pandemic.

Client feedback from TCX inspired Mihir’s second company, BoostedQuant. In contrast to TCX, BoostedQuant is targeted more toward passive traders without the time but with the resources required to engage in trading. BoostedQuant is a machine-learning trading AI that analyzes and learns from past and present market conditions to foresee and recommend financial decisions for the future. As a unique added feature, BoostedQuant also allows its users to modify its algorithm to account for their risk preferences and trading behavior.

Mihir’s latest company is Market Dice, a one-stop hub that condenses relevant market information to a newsletter format to allow clients to make informed decisions. To further this objective, Mihir aims for Market Dice to offer online seminars in the future tackling lessons on stocks, real estate, cryptocurrency, futures trading, and other traditional, new, and emerging forms of financial markets.

To develop his skills for himself and the thousands of traders who follow him, Mihir continues to engage in trading on top of his efforts in maintaining and developing his companies. Mihir aims to become a successful and equally innovative owner of his own hedge fund and prop trading firm in the near future. In parallel, Mihir wants to use his hard-earned knowledge to help others achieve the same level of financial success.

You may follow Mihir on his Instagram, @mihirtrades.

The idea of Bigtime Daily landed this engineer cum journalist from a multi-national company to the digital avenue. Matthew brought life to this idea and rendered all that was necessary to create an interactive and attractive platform for the readers. Apart from managing the platform, he also contributes his expertise in business niche.

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Business

Turning Tragedy into Triumph Through Walking With Anthony

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On the morning of February 6, 2010, Anthony Purcell took a moment to admire the churning surf before plunging into the waves off Miami Beach. Though he had made the dive numerous times before, that morning was destined to be different when he crashed into a hidden sandbar, sustaining bruises to his C5 and C6 vertebrae and breaking his neck.

“I was completely submerged and unable to rise to the surface,” Purcell recalls. “Fortunately, my cousin Bernie saw what was happening and came to my rescue. He saved my life, but things would never be the same after that dive.”

Like thousands of others who are confronted with a spinal cord injury (SCI), Purcell plunged headlong into long months of hopelessness and despair. Eventually, however, he learned to turn personal tragedy into triumph as he reached out to fellow SCI victims by launching Walking With Anthony.

Living with SCI: the first dark days

Initial rehabilitation for those with SCIs takes an average of three to six months, during which time they must relearn hundreds of fundamental skills and adjust to what feels like an entirely new body. Unfortunately, after 21 days, Purcell’s insurance stopped paying for this essential treatment, even though he had made only minimal improvement in such a short time.

“Insurance companies cover rehab costs for people with back injuries, but not for people with spinal cord injuries,” explains Purcell. “We were practically thrown to the curb. At that time, I was so immobile that I couldn’t even raise my arms to feed myself.”

Instead of giving up, Purcell’s mother chose to battle his SCI with long-term rehab. She enrolled Purcell in Project Walk, a rehabilitation facility located in Carlsbad, California, but one that came with an annual cost of over $100,000.

“My parents paid for rehabilitation treatment for over three years,” says Purcell. “Throughout that time, they taught me the importance of patience, compassion, and unconditional love.”

Yet despite his family’s support, Purcell still struggled. “Those were dark days when I couldn’t bring myself to accept the bleak prognosis ahead of me,” he says. “I faced life in a wheelchair and the never-ending struggle for healthcare access, coverage, and advocacy. I hit my share of low points, and there were times when I seriously contemplated giving up on life altogether.”

Purcell finds a new purpose in helping others with SCIs

After long months of depression and self-doubt, Purcell’s mother determined it was time for her son to find purpose beyond rehabilitation.

“My mom suggested I start Walking With Anthony to show people with spinal cord injuries that they were not alone,” Purcell remarks. “When I began to focus on other people besides myself, I realized that people all around the world with spinal cord injuries were suffering because of restrictions on coverage and healthcare access. The question that plagued me most was, ‘What about the people with spinal cord injuries who cannot afford the cost of rehabilitation?’ I had no idea how they were managing.”

Purcell and his mother knew they wanted to make a difference for other people with SCIs, starting with the creation of grants to help cover essentials like assistive technology and emergency finances. To date, they have helped over 100 SCI patients get back on their feet after suffering a similar life-altering accident.

Purcell demonstrates the power and necessity of rehab for people with SCIs

After targeted rehab, Purcell’s physical and mental health improved drastically. Today, he is able to care for himself, drive his own car, and has even returned to work.

“Thanks to my family’s financial and emotional support, I am making amazing physical improvement,” Purcell comments. “I mustered the strength to rebuild my life and even found the nerve to message Karen, a high school classmate I’d always had a thing for. We reconnected, our friendship evolved into love, and we tied the knot in 2017.”

After all that, Purcell found the drive to push toward one further personal triumph. He married but did not believe a family was in his future. Regardless of his remarkable progress, physicians told him biological children were not an option.

Despite being paralyzed from the chest down, Purcell continued to look for hope. Finally, Dr. Jesse Mills of UCLA Health’s Male Reproductive Medicine department assured Purcell and his wife that the right medical care and in vitro fertilization could make their dream of becoming parents a reality.

“Payton joined our family in the spring of 2023,” Purcell reports. “For so long, I believed my spinal cord injury had taken everything I cared about, but now I am grateful every day. I work to help other people with spinal cord injuries find the same joy and hope. We provide them with access to specialists, funding to pay for innovative treatments, and the desire to move forward with a focus on the future.”

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