Learn about System Based Trading with an example
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Description
In this episode of the Face2Face Podcast series, we have with us Mr. Vivek Bajaj in conversation with a successful trader who calls himself a circumstantial trader, Mr. Sankalp Chaturvedi. This podcast covers the systemic and rule based approach to intra-day trading. So it should be of great help to all intraday traders out there. The speaker will talk about what he believes are the 2 common mistakes traders make in the stock markets. One is greed and another is fear. According to him, the only way to come out of this is to have a disciplined approach to trading. The speakers will then discuss a price action based strategy known as StableFork. The system is based on 3 criterias only after which any buy side or short side trades are undertaken. So Mr. Sankalp all in all follows 3 basic things on a daily basis. These are a strict target price(this helps in overcoming greed), a strict stop loss(which helps in overcoming fear) and a finite amount of profit per day after which he exits trading. So be sure to tune in, sit back and relax while the experts make stock trading simplified.