A mechanical engineer by Profession and active trader from 2009. I have been trading all instruments like Equity, F&0, Commodity, International Indexes and Currency. Preliminary, I am a pullback trader for Day and short term timeframe.
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, in conversation with an expert trader who socially operates with the alias of “sanstocktrader”, and who has been a successful part-time stock market trader for over ten years.
This video focuses on trading for beginners, will be especially helpful for those who are currently part-time trading in the stock market, and are beginners looking to improve their expertise in technical analysis of stocks and earning money from the stock market.
Mr. San will first talk about his academic background and learnings, and how he became an expert trader who shares his insights and expertise through social media now. Through this episode of the face2face series, we will look at how Mr. San has maintained stability in his earnings despite doing only part-time trading in the stock market.
We will also be touching upon some common misconceptions that beginners have when it comes to how we can make money from the stock market. We will start our technical discussion with how a Wyckoff chart accurately represents the life of a stock market trader.
We will begin our discussion with a short brief of how Mr. San began his trading journey, why he chose to become a stock market participant, and how trading has changed in the stock market over the years.
Next, we will see the different points throughout the life journey of a successful trader, which includes –
- New trading account;
- Initial success and overconfidence;
- Excess losses and self-realization;
- Initial phase of learning;
- The phase of constant failures and constant learning hand-in-hand;
- Persistent learning and continual improvement with real success;
- Hiccups and consolidation, which leads to us becoming a refined and experienced trader.
Mr. San will talk about how each of these stages played out in his own life, and how they influenced his journey as a trader. We will also discuss some factors day traders should keep in mind while beginning their journey as day traders, like volume and volatility. Mr. San will explain all these points with the help of examples from his own life and trading journey.
Lastly, Mr. San will touch upon the model that he uses to identify stocks, which is based on price action and pullback in the stock market. We will also touch upon the basics of breakouts in the stock market, and how a combination of breakouts and pullbacks can help us create a system of stock identification.