The guest post below has been written by Haresh Nagpal. Haresh has more than 20 years of experience in the Indian Financial Markets and is very well respected in the financial community.
His Notes of the Traders Carnival 2015 Conference-Day 1 and Day 2 can be obtained from here and here
On the Third Day ,the first Session was by Shubham Aggarwal from Motilal Oswal brokerage on Quant strategies.
He strongly believed that in 15 years from now trading will not be human to human but machine to machine war.He was talking about ROBO Traders. Shubham showed some of systems they have developed and will soon be available for retail.
Key Learning :
When ADX is less then 20 do not trade or use mean reversion techniques.
The Next Session was by Brijesh Bhatia ,The Bat Man on Harmonics Patterns .I think it is not easy to learn Harmonics but full credit to Brijesh that in two hours he made it look so easy and made every one at least pick up those ABCD patterns. At the end of his session, almost all TC participants were thinking of dragons, bats, butterflies, bats and crabs . These are the Harmonic Patterns Brijesh discussed in his session .
The Next Session was by Nooresh Merani , a good friend who gave his presentation on “How to become a Full time trader “ .He has shared his presentation on his blog.
At the end, he compared the Dow Jones and Sensex pointing to some huge targets for the index in long run.
Next Session was by Deepak Shenoy of Capital Mind fame on Trading using macros ,market breadth etc .He explained some unique ways of trading markets looking at DESI MO ,% of Shares trading above 20 Day Moving average and below 20 day in Nifty and Put call ratio .
In the last slide, Deepak told the reason why FIIs are selling in India- IPOs in China are hitting 10% Circuit from last 30 days.He gave example of one such company BEJING BAOFENG TECH CO LTD. Lets Trade in China Guys !!
The Last Session was by Rajandran R of Marketcalls fame.For him, Market is his wife till he finds one.He shared his strategy REGIME SWITCHING and told a new Monkey story in which experts don’t do much .
Key Take away from Story
- It is not possible to beat the market all the time even for experts and the monkeys .
- Right Knowledge is required rather than Maximum Knowledge .
His strategy is to find Auto correlation.and then:
- If Auto correlation < 0 use mean reversion strategies
- If Auto correlation > 0 use Trend following method
His message in end “ THINK LIKE A MACHINE WITH A COMMON SENSE “
Some of the learnings and quotes from fellow participants:
- Manish Shah: In Fundamentals you first lose funds and then you lose your mental.
- Sriram: It is sometimes good to keep your money in bank .
In the end I wish to congratulate DJ and Rekha ,the organizers along with TC Core team for the good show.See you next year folks .Good Bye.
