When I was asked to publish my trading journey, I thought that maybe my story could inspire many. And therefore, I have narrated my story in the form of 13 pointers (in a chronological order) for anyone who wishes to have a good read or wants to get inspired!
1) At the age of 19, I, like many others, started investing in stocks that most people invest in. Fortunately, since the markets did well in 2010, I profited on those investments.
2) After getting inspired by Warren Buffet in my prime, I did an internship to learn the basic valuation of companies only to realise that Fundamental Analysis was definitely not my cup of tea.
3)Since Fundamentals didn’t work for me, I moved to Technical Analysis & after learning it thoroughly, I thought I could predict the market. I began to over analyse stocks & took random trades but wasn’t making any consistent income.
4) And then came a lucky & life changing moment for me!
In August 2016, I did an extensive research on Justdial and found the stock to be extremely bearish.
Logic:
- Alexa rank was dropping
- SEC 13 F filing showed US based ETF exiting JD
5) I was heavily short on JD and it dropped by almost 40% within months.
To my surprise, I made ~300% within 2 months :)
This trade completely changed my life and compelled me to start my journey as a trader !!
6) Ecstatic with my previous trade, I entered into full-time trading but with previous success, got complacent. I started taking random trades and gave most of the profits back.
I realised that I need more knowledge to be able to do this full time for a living.
7) To learn more, I did a small stint with a Quantitative trading firm that made me realise the importance of systems & data driven trading.
8)I founded Quantify Capital quantifycapital.in a quantitative research & trading firm. We started trading with our own capital with quantitative & volatility based strategies.
9) Next, I successfully completed all levels of CFA, most respected designation in finance & gold standard in field of investments.
10) I launched “Finsense,” an initiative by Quantify Capital to spread Financial Literacy across the country. It’s mission is to help people be their own advisor and make independent investment decisions backed solely by data.
11) Started ‘The Trade Room’ (thetraderoom.in) with a vision to build a trading community, mentor budding traders & help them become more system driven.
12) In order to fulfil my mission of FinSense, I kick-started my teaching career of educating people about quantitative trading at the top IITs and IIMs in the country.
14)Approached by large multi-million dollar trading firms to train their traders and therefore, I started training the largest trading desks of the country on system driven & algorithmic trading.
15) Youngest member on the Panel “Disruptive Innovation in Finance”
The panel included the who’s who of the investment industry.
Extremely humbled to be invited on this panel
16) Future Plans
- Build a successful broking business
- Take Trade Room online to reach more traders
- Provide tech support & backtesting infra to retail traders
- Start my own blog & youtube channel
- Start a quant driven Wealth Management fund under Quantify
End
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Just like a calm sea never makes a skilled sailor, easy and steady markets won’t make you a great trader!
2) Reason for this thread:
No one talks about drawdowns, but they are part of every trader's journey. Always manage risk, follow your systems, and don't fear losses. No system is profitable all the time.
No matter where you set your stop loss, it feels like it's destined to get hit. And if you don’t set one? You could blow up your account in minutes.
Let’s dive into what happened on September 20, 2024 and ways to survive such days(Thread)
1) Sensex opened at 83,611 and dropped 400 points in just 20 minutes!
But that was just the beginning.
The market then staged an incredible rally, surging over 1,300 points from the day's low to hit a high of 84,515 and again fell 1200 points to 83300 and again rallied to 84600
Crazy Volatility🎢
2) During this upmove, 84,000 CE option exploded from 36 to around 700
A 20x move in a single day!
1) I saw few tweets saying that this is the most difficult market ever.
As a trader, we have signed up for these risks & All we can do is be prepared & manage them
Lets have a look at days when markets action was crazier than current times !
2) 18th may 2009
Markets opened at 9:55 AM as this was the market opening time at that time
Nifty immediately hit an 20 % upper circuit at 10.01 am and the markets froze.
So markets were open only for 6 minutes.
3) 24th Aug 2015 (Vega Risk)
On 24th August 2015, the Indian markets declined close to 5.92%.
Nifty around 490 points but something unusual happened on that day.
Far otm Call options shot up inspite of such a huge fall😲