Mr Piyush Chaudhry is a founder of Wave Analytics, a firm that aims to be a pioneer in practising objective and scientific forms of analysis with defined parameters that generate consistently higher grade payoffs through superlative accuracy rates, shunning all and any form of randomness, with that being the underlying objective, they currently focus on Elliott Wave Analysis for both Short Term price movements as well as Long Term price trends and end-to-end Automated Trading Algorithms that work with zero human intervention. With an MBA in Finance and a work-ex of 17 Years in Stock Markets, Mr Chaudhry has seen several market cycles and is well-equipped to deal with the finer nuances of the Markets.
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, we have with us Mr. Vivek Bajaj, co-founder of StockEdge, Elearnmarkets, and Mr. Piyush Chaudhry, an expert trader who has witnessed the growth of the derivatives market in India over the years.
You can connect with Mr. Chaudhry on Twitter - https://twitter.com/piyushchaudhry
Here, we will discuss the background of Mr. Piyush Chaudhry and then move to how he studies stocks and makes profitable trades in the stock market.
The books mentioned by Mr. Piyush Chaudhry are -
1. Technical Analysis Explained - Martin Pring.
2. Technical Analysis of Stock Trends - Edward and Magee
We will also talk about the mindset behind brokers, analysts and traders and the differences between their approaches in the stock market.
Mr. Chaudhry will also talk about how our physical and mental health can also affect a person's performance in the stock market. He talks about how our health can help us build an ecosystem to foster our trading skills.
Next, we will also mention how to transition from salaried jobs to a career in full-time trading. We will touch upon the kind of mindset that is required to make this transition smoothly.
Moving to the technical discussion, we will discuss how Mr. Piyush Chaudhry used the various evolving elements of technical analysis like classical patterns and the Elliot Wave theory to build his trading style.
With real-life examples and charts, Mr. Piyush Chaudhry will show us how to use the various elements to create a profitable technical structure.
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