In this video of the Face2Face series, we have with us, Mr. Vivek Bajaj, co-founder, StockEdge, Elearnmarkets, in an interesting conversation with Dr. Jignesh Shah, a successful doctor and a part-time trader, who will share with us the best ways to be a successful profitable trader in the stock market. With over 20 years of experience, he shares his journey highlighting how the process of stock trading has evolved over time, with the launch of NIFTY and SENSEX, derivatives, and options.
We will next discuss how Dr. Shah focused on technical analysis and how he traded with the MACD indicator to refine his skills as a good trader. We will talk about trading psychology and how its principles stay the same no matter what happens in the stock market. Next, we will touch upon how the right entry and exit in the trades of the stock market can affect our success as traders in the market and how our mindset sets us apart from any failures in the stock market. Dr. Shah emphasizes the importance of independent research and analysis in creating profitable trading strategies
Next, we will start with Dr. Shah’s technical discussion on the RDX strategy, which is a combined system of the RSI indicator and the ADX indicator. We will discuss the basics of these indicators and how combining these indicators can give traders an edge in the stock market. We will also touch upon the basics of a profitable trading system for any trader and how this system can be built to help traders with position sizing and the best entry and exit to minimize our losses based on the momentum of the market. With some short practical examples, we will see how to use RDX to pick trades based on momentum and RSI.
Watch this video to learn about the evolution of stock trading, technical analysis methods, the significance of entry and exit strategies, and the foundations of the RDX strategy for profitable trading.