Mr. Ronak Unadkat
Ronak Unadkat, computer science graduate, is actively doing trading since last 6 years. He is trading into Index options in intraday and positional options trade. He traded based on derivative data and also looks moving average for positional swing trade. He is also trading weekly expiry with predefined system.
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 Mr. Vivek Bajaj, co-founder, StockEdge, Elearnmarkets, in conversation with Mr. Ronak Unadkat, an expert options trader from Gujarat.
We will start the video with a brief introduction of Mr. Ronak Unadkat and his trading journey – we will discuss about his connections to stock market and investing from a young age, and how he decided that options trading could become the core of his trading expertise and could give him an edge over the market.
We will talk about how he built his expertise in options trading by practicing both options selling and options buying, and why he prioritizes capital preservation over the hedging of capital, which can bring higher risks.
He will also talk about why he prefers the options selling side, even though he does both options selling and trading. We will start the technical discussion of the video with the various types of charges an options seller or buyer can encounter while trading in the derivatives segment in general. Mr. Unadkat will then discuss his capital distribution and the logic behind the basics of how he runs his trading strategies, options strategies and procedures.
Next, Mr. Unadkat will start his discussion on how he learnt about options and data analysis, and we will talk about his current process of options data analysis. We will talk about the various factors that need to be in place to ensure his system works efficiently, and he will explain this with an example of an options chain he chose to work his strategies on.
Mr. Unadkat will show us the process he follows while doing his analysis of an option chain and the market situation with the help of tools like Microsoft Excel. We will then discuss what kind of actions we have to take when the market is going down, or up, to ensure that we are able to execute our options strategies with ease and efficiency.
Following this, we will see what kind of options puts and calls he will buy or sell to create a profitable trade out of the options chain that he used as an example in the video, and he will show us how this trade will be done on a positional intraday basis. We will also touch upon the role that technical indicators like support and resistance play in his analysis and trade.