How a Part-time Trader has developed his own Successful Trading Strategy? #Face2FaceEmerge
hello hello, friends, I am Vivek Bajaj, co-founder of stockedge and elearnmarkets this episode of emerge is very special to me because a common man can do so much with the power of tools that we have created you will have lots of fun so watch till the end. He will share strategies to make money in the market, but we will not know his name. So we will call him Sachin, So hello Sachin. Hi, how are you? I am good. Thank you so much for calling me and letting me show what I have been doing You have been working really well, although we can't share your name I know you very closely.
but we want to know about your background. So tell us about it without giving any personal details basically, I am a computer engineer. I have been working in IT for the past 14 years as a senior researcher I saw that when I added my mutual fund portfolio, it got sold for 50% I wanted my investment in my hands and needed someone who I can trust for investment first, one is those who spend a lot of time in the market and earn less money, and second are those who spend less time in the market but earn a lot and the feeling of trading every time should be minimized we will discuss the agenda first, and how I will explain the strategy I will give a disclaimer that whatever stocks we are discussing is only for educational purpose and we are not recommending that if we go to one table and we analyze that we will go to another point that if my table is wrong then I have to give 1000 rupees we will talk about only 1300 rupees here sir this is a very simple example of this we have to talk about the new thing it is really important to take proper knowledge before indulging this part-time can be taken as an advantage can you repeat the steps for me to recall I was able to proceed with it with the help of elearnmarkets and stockedge his style really matches with me so he really supported me if we really want to trade big then we need to look at our data my starting knowledge was started with elearnmarkets only that's how I do it with trading if we keep the expectations low then it makes it easier I do positional trading in the market, and I leave after buying it saves me from taking any wring decisions our vix is in control so I have always given more importance to risk management before this option was not available but after the update, it is there before stockedge there was a download option in excel analytics skills should always be developed this model helps psychologically and in finding parameters this theory should be considered for trading if you are liking this then you should book this one so without thinking we proceed I might be wrong but that is my psychological perspective and when we will proceed then I will get back to this point how much we will allocate the capital, which is also the question so we will discuss it colorwise if the stocks are not outperforming then we have to go like that so we will check the weekly return of the stock for the first time it goes for an all time high stocks are ranked so it should be in the weekly, monthly, and biweekly parameter now the consolidation for this month, I have removed CIR ranking it is too high in comparison to the previous week but the stocks that have high momentum, that will only work 50% of the times and in every time frame, you can see the trend I can use some share from the profit that is given so if my position is on top then I will go on with it and my stocks should be really strong so that I will feel that my prediction is not wrong so I will invest that stock around 30 so we will look into the 10-15% loss over the weekends I determine all the files for the next trade this stock I exited recently on 24th of august all the trading journals you suggested is here for buy and sell one of my rules got deviated so I took a negative see that he used the technique but he still had a loss because loss can happen basically, if it crosses 70% then it will have a profit of 90% our testing is done so we can proceed and I would like to highlight a point so if my system says it is generated then I will proceed I have been using this for myself it will be generated bi-signal because I do not take any decision in haste I have a question if it is giving bi-signal then how are you entering? if it is between the price then I enter so if someone wants to improvise they will do it so the stocks started increasing then it exited on 24th of august here you will get an exit signal around 1100 this is such a nice strategy for adding, generally people don't do that we are serious learners in elearnmarket here we have got a few percent loss so Sachin, we will have to end this here I will make the indicator and host it on stockedge so that others can also see it so the thing about emerge is that we bring verified people here this is one slogan we all should have in life