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क्या Job के साथ Stock Trading Possible है? जानें एक Part Time Trader से।
YOUR SPEAKER
Mr. Gordon Gekku
Gordon Gekko is a part-time trader from Bangalore. He is a systematic trader who is currently trading two systems, one of which is a trend following system on Nifty Futures and the other involves delivery-based stock buying for short-to-medium terms. He had been trading for about 6 years and has been profitable for the last 3 years. During his free time, he loves to watch movies and shows on OTT platforms. He is an avid traveler and photographer.
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:
Hello dear viewers, we are here with another of your favourite face2face video, which will show how to become a successful trader with part-time trading. We will discuss the tricks and techniques of trading with a full-time job with our rocking host Mr. Vivek Bajaj and our anonymous guest Mr. Gordon Gekku.
This video begins with the introduction of our guest, who is from Mumbai, but currently working in an MNC in Bangalore. After learning from his father about shares and annual reports, he went ahead and learned more from a Mumbai mentor. This video ranges from Mr. Gordon Gekku's philosophical thoughts to his practical strategies, which is evident from his P&L excel sheet. He talks about his love for the character of Gordon Gekku in the Wolf of Wall Street to the value of quality and not quantity. As it is believed that only full-time traders can be successful. Mr. Gordon Gekku claims that he is a successful part-time trader with derivatives, which is backed up by his experiences.
The plot of the video is already set, and you might not want to miss this one. He also explains the advantages of a part-time trader and how the daily life of a part-time trader looks like. He focuses on the idea of not spending the whole day looking at that screen, and also how to look up to other things in life.
Mr. Gordon talks about his strategies with examples, and his P&L sheet also shows his success in the market as a part-time trader. He says that he works with two of his trading systems, one of them is used for selecting stocks in the cash market on delivery with the intention to sell them and the second is NIFTY future trend following system. These systems allow him to have a life outside his trading career, and he is not only dependent on his trading income. Also, giving importance to the fact that a trader should have knowledge of what can go wrong in the market and when he should make an exit. A few golden rules in trading, and it is possible to make money as a part-time trader.
Mr. Gordon suggests that the removal of loss-making is extremely important and looking up to the shares that have the potential to make money. They should be treated as employees, the best one receives an incentive, and the worst performers should be fired. The importance of making an individual strategy and plan, which is backtested for a maximum positive outcome is explained by our guest speaker.
He says that backtesting also allows you to understand your system and that helps to know the reliability of your system. He also says that there is no strategy that can be termed as a 'holy grail' because the market can be unpredictable. Making your own plans and backtesting them is the trick to have the perfect strategy. Watch this video to know more about the secrets of part-time trading and how you can apply them in your trading career.
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