Mitesh Patel is one of the most popular and well-known traders on social media, especially twitter. He is an aggressive trader who shares his experienced insights, pre-trade and post-trade on his social media, and also helps spread his insights through his own telegram channel. With an academic background in Chemical Engineering, he has been working as a participant of the stock market since the year 2005, and currently, along with stocks, he also focuses on options and futures trading.
IN CONVERSATION WITH
Mr. Vivek Bajaj
The passion for data, analytics and technology is what makes Vivek Bajaj a financial market survivor. The journey as a market participant started in 2002 when the first trade was executed in the options contract of ITC. Life was simpler and easier during that time. Since then technology and Big data have taken over totally. As an early adapter to the complex tools, Kredent was formed to capitalise on the opportunities. He is co-founder of StockEdge and is committed to bring simplicity in the complex world of market data. He is a Chartered Accountant, Company Secretary and an MBA from IIM Indore. He is a part of various committees of exchanges and regulator and he has been an active contributor in the evolution of Indian Derivatives Market.
About this Face2Face:
In this video of the Face2Face series, watch Mr. Vivek Bajaj, co-founder, StockEdge, Elearnmarkets, and Kredent Money, hold a candid conversation with Mr. Mitesh Patel.
A chemical engineer by profession, Mr. Patel discovered trading as a profession in the year 2005, by starting with delivery-based trading. He soon started trading in the F&O segment around 2007. He talks about how his losses during the downturn of the economy in 2008 helped him learn how to trade effectively.
You can connect with Mitesh Patel here -
Through this video, we will understand how important it is to know how the market works. Mr. Patel will also talk about what made futures an attractive option of investment for him when he started trading in the F&O segment and will discuss how his mindset developed while trading in them. We will also learn about how he realized the importance of studying technical charts to make effective trades, and how he learned about support and resistance to trade in options effectively.
We will also learn about risk management in option writing and future trading. Mr. Patel will share his opinions on how to identify stock momentum with relevant examples from his own trades. He will also discuss his own strategy of identifying breakout stocks through candlesticks and technical charts, and which type of stocks he explores when he’s looking for breakout stocks while trading in futures. What makes this video even more unique that he has used his own trades to explain his trading techniques.
Mr. Patel will also discuss how to identify the best options for trading. He will also discuss a strategy for novice investors which can help them trade with confidence in the F&O segment. He will also discuss some essential features of retracement by understanding some trends in the candlestick charts.
Also, we will watch Mr. Patel discuss how he takes up trades in options by explaining his own trade in the market as a practical example. Mr. Patel explains how we can pick out great options with a sound understanding of momentum and volatility, and the power to execute the required trade in the market. He will also show how it is not essential to keep an option till its expiry to make an effective trade.
Mr. Patel will also talk about what amount of capital traders should have to trade in options with as little risk as possible, with practical situations to justify his answer.
The book being referred to by Mitesh Patel is - Methods of Tape Reading - Richard D. Wyckoff.