What a Retail Trader should do to become a Professional Trader?

YOUR SPEAKER

Akshay Chinchalkar

Akshay Chinchalkar is a Chartered Market Technician (CMT) and an MSc in Accounting and Finance from the London School of Economics and Political Science. He is also a global board member of the CMT association, and currently heads the Electronic Trading Solutions department for Bloomberg South Asia. In his 16 year old career in the financial services industry, Akshay has been an index options and commodity futures trader, has headed the equity derivatives research side for a regional sell-side firm, and over the last 11 years at Bloomberg, has been responsible for building Bloomberg's Technical Analysis, DataViz, and Quantitative Analysis Franchise for the Middle Eastern and the South Asian region with a focus on Equities and the Fixed Income, Commodities and Currencies (FICC) world. Akshay is currently pursuing his Executive Programme in Algorithmic Trading (EPAT) from Quantinsti, and is also a CFA Level 1 and FRM Level 1 candidate.


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 instalment of the face2face series, we have with us Mr. Vivek Bajaj, co-founder, StockEdge, Elearnmarkets, in conversation with Mr, Akshay Chinchalkar, an expert trader and technical analyst who has worked with Bloomberg for over ten years.

Professional and retail traders use Bloomberg to track various data points and make the best decisions possible for their trades. Along with price action, we can use software like Bloomberg to track the various important technical indicators and oscillators. This is what we will touch upon with Mr. Chinchalkar, who has worked on Bloomberg with its core development, and is also a member of the CMT association.

Over the span of the last 5-6 months, a lot of retail traders and professional traders have entered the stock market with various aspirations and expectations, and a lot of them might not be able to use Bloomberg. However, as long as we have a holistic understanding of the fundamentals of efficient technical analysis, anyone can be a successful trader, with or without Bloomberg.

Mr. Chinchalkar will also discuss about the CMT certification, which is considered a gold standard for technical analysts, and the kind of advantages it offers to analysts and market technicians. We will also see how the certification exam has evolved to connect both traditional and modern technical analysis, from chart patterns to algo trading and programming.

Next, with his own Bloomberg terminal, Mr. Chinchalkar will first show how we can practice the various traditional and modern practices of technical analysis. This will be a great example for us to see how technical analysis has evolved over the years. We will first take the example of how an asset manager or trader trade currencies like INR with the help of the terminal and its multiple tools, which have been simplified over the years.

Following this, we will take a look at how Bloomberg provides over 25,000 functions for traders to study the market. With practical examples, like those of candlestick chart patterns, we will see how we can track our trades and back-test our strategies with the terminal. Through this, we will also take a look at the basics of using such popular technical indicators, whether we are using Bloomberg or not. We will also discuss the basics of discretionary and non-discretionary trading, and some rules and tips which traders can use to start consistent money-making.

 

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