Saketh has completed his B.com Honors from Christ University, Bangalore. He is currently pursuing CFA.
Read more...
His Journey in His Own Words
I have been a trader for the past 10 years. I started my journey in 2013 trading equities. Later, I learnt about options, it was more lucrative and I started buying options.
From 2013 to mid of 2017 there was not a single quarter where I made profits. I was overall a loss making trader, but the good part is I was trading with lower capital (few thousands) as I was still a student.
2017 onwards I shifted to option selling, my profitable journey too began from that year. Even though I have made many mistakes in option selling resulting in big drawdowns, I was able to recover it through selling itself.
I had 2 straight years of profits. The performance was decent.
As I got used to selling options, I could achieve consistency. My friend and I started a partnership firm in 2019 called Optionables where our friends and family came in as partners with a total capital of Rs.50 lakhs .
It's been a fairly good journey from there on.
We have been able to achieve a CAGR of 33% for the last 3 years in derivatives alone. In the last 12 quarters we have had 1 loss making quarter.
We also believe in technology. We have started our free to use Automation Platform Target. People can run all these system trades for free using this platform. We launched it in Jan 2023 and within a month we have received over 2500 registrations.
One of the significant trades was the recent one both in terms of percentage and absolute. The day was Friday 3rd of Feb 2023. We were bullish on the market. We felt the risk to reward was good. We were aggressive in going long with tight SL. We made around 30L in a day, close to 4%. Which is the highest since Budget 2021.
Read Less...
Expiry day trading outlook
Streamed
X
Give a thumbs up & support this expert if you like the session.
8.9k views
MarketsInvesting
Crypto Experts
Founder, The Noiseless Trader Designated Partner, ArthankFounder, The Noiseless Trader Designated Partner, Arthankusha Knowledge Academy LLPshow more...
Views expressed or any recommendations given are that of the respective person. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for or endorse the content and hereby disclaims all warranties relating to the same and is not responsible for any errors or omissions or for the results obtained from the use of such information. The content, views and insights are provided for informational purposes only and should not be construed as investment advice. The content/information does not constitute a distribution, an endorsement, an investment advice, an offer to buy or sell or the solicitation of an offer to buy or sell any securities/schemes or any other financial products/investment products or an attempt to influence the opinion or behaviour of the investors/recipients. Any use of the information/any investment and investment related decisions of the investors/recipients are at their sole discretion and risk. Any advice herein is made on a general basis and does not take into account the specific investment objectives of the specific person or group of persons. Opinions expressed herein are subject to change without notice. Please seek advice from professionals and certified experts before taking any investment decisions.
Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
The securities quoted are for illustration only and are not recommendatory
Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
Please do not consider any of the discussions as buy/sell/hold recommendation. Please consult your financial advisor before making any investments.