Rakesh Bansal, a post graduate in International Business Management, approached the stock market in the year 1998 to make a livelihood from trading. He is a result driven professional with more than two decades of rich experience in the areas of trading & investment. He is an expert panellist with zee business. He is the author of two 2 books.
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, Mr. Vivek Bajaj, co-founder, StockEdge, Elearnmarkets, aims to decode the basics and the fundamentals of technical analysis to be successful in the stock market, with Mr. Rakesh Bansal, a stock market specialist.
This video is optimal for those novice investors who have recently been able to step foot into the market, due to the covid-19 lockdown. Here, we will be discussing some of the key focus points that a beginner in stock market should keep in mind.
To start the video, Mr. Bansal will discuss his academic background and the various events in his life which led him to become an expert in technical analysis with short-term trading.
Mr. Bansal will start the video’s technical discussion with how his perspective of the stock market has evolved over the years. With practical examples, he will discuss the importance of defining the right kinds of entry and exit points in the market, no matter the time frame the investor or the trader is working in.
Next, Mr. Bansal will discuss the basics and the pros and cons of using a three-line break charts with some of his own examples. He will discuss his entire process of using these charts to make profitable trades in the short-term investment horizon.
He will also share his personal strategy of using the inverse of regular charts to find hidden opportunities to make profitable trades in the stock market. We will discuss how both the inverse charts and the three-line break charts have helped him seriously trade in a better way in the stock market.
Moreover, we will discuss some of the soft skills we need to succeed in the market, including the importance of temperament and health in helping us make the soundest decisions in the stock market.
Moving on, Mr. Bansal will discuss how he has learned to trade over the years without the presence of any technical indicators to predict trades in the stock market. Also, while entry in the stock market is easy, exit is not.
So, Mr. Bansal discusses some of the fundamentals he looks for while exiting his trades in the market, with the help of examples from some of his own short-term trades in the stock market. We will discuss some stock exit guidelines which will help traders preserve their capital even in a situation where they are not able to book much profits.