YOUR SPEAKER
Yogesh Nanda
Chartered Accountant, with market experience of 10+ years in the stock market started as a swing trader before moving to the options side. Trading as a full time profession for the last 7+ years, trading only in option strategies using Price action, Ichimoku, candlesticks. Developing various rule based models for option trading. Personally I believe the key to success in the market is your ability to manage risk.


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, StockEdge, Elearnmarkets, who will talk about how to make money with stocks by selling options with the expert trader and CA, Mr. Yogesh Nanda.
After working as a CA and auditor, he found out about trading and options trading, following which he was led to learn more about the basics and techniques of sub-broking, trading and working with options. We will also talk about why Mr. Yogesh Nanda chose to sell options rather than buy them and the events which led him to decide this.
We will also talk about some common misconceptions and mistakes that novice options traders face while they try to make money from stock options and how Mr. Yogesh Nanda developed a suitable system to trade options efficiently, with minimal losses, more profits, and lower expectations from the stock market. Next,Mr. Yogesh Nanda will talk about the importance of learning, hard work and patience that is required before one can start trading in options without losing much money.
Next, to start with the technical discussion, Mr. Yogesh Nanda will discuss a data-driven and rule-driven system to trade and sell options in the most profitable way possible. Firstly, to start the discussion, Mr. Yogesh Nanda will briefly introduce his team, followed by his own capital division before he makes any trades in the stock market and the rules he keeps before dividing his capital in the most diversified way possible.
We will also discuss the importance of strict monitoring of systems and the testing of strategies, with some practical examples. Mr. Yogesh Nanda will show us how he has divided his capital on the basis of the strategies he is applying in the market.
Next, we will discuss the basic building blocks of a good options selling system. Mr. Yogesh Nanda will first break down some myths and misconceptions that novices might have before they start in the stock market with options trading. Following this, we will discuss the various risks that come with selling options and some useful tips to mitigate them.
We will discuss the major points we should keep in mind and the decisions we have to make, to create an options selling strategy that suits our risk-returns requirement best. Lastly, we will see the role that data plays in helping us back-test and monitor these strategies and how data helps us set our trading targets as well.
