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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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😲
1) @sachin_rt is undoubtedly one of the greatest batsmen of all time & has played several amazing knocks. But one that stands out is his 241* at Sydney. He did not play a single cover drive in the entire innings
2) Look at his stance on the crease. Look at the balance. Perfect. Simply elegant. Looks so pleasing to the eye.
Even @bhogleharsha once said, “When Sachin hits a cover drive, the world seems all the more beautiful.”
3) But in the series against Australia. Sachin had been getting out by trying to drive the ball outside off.
He had scored just 88 runs in the previous three matches and had registered 2 ducks as well. So he decided that he needs to change something to score more runs
We have done this program at many large proprietary trading desks such as Futures First, KIFS Trade Capital, Marwari Shares etc and institutes like IIT-D, IIT-B,IIM-B, NMIMS,JBIMS to name a few.
So we surely have good credibility in the this domain :)