In this video of the face2face series, we have with us Mr. Vivek Bajaj, co-founder, StockEdge, Elearnmarkets, who will talk about how to make money with stocks by selling options with the expert trader and CA, Mr. Yogesh Nanda. After learning about options trading and delving into its fundamentals and strategies, Mr. Nanda—who had previously worked as a CA and auditor—decided to focus on selling options rather than buying them. He explains the circumstances that prompted him to make this decision and busts myths and mistakes that new options traders frequently make.
Before starting to trade options, Mr. Nanda emphasises the value of education, diligence, and patience in order to reduce losses and maximise gains. Then he introduces a data- and rule-driven system for profitable options trading and selling. Mr. Nanda discusses his own capital division approach before he makes any trades in the stock market and the rules he keeps before dividing his capital in the most diversified way possible. He also discusses the importance of strict monitoring of systems and the testing of strategies, while giving practical examples of how he allocates his capital according to the market strategies.
He will also go over the fundamentals of a strong options selling strategy, look at the dangers involved, and provide insightful advice for risk reduction. Additionally, he explores the key elements and selection procedures required for creating an options selling strategy that adheres to our risk-reward preferences and emphasizes the importance of data in back-testing, keeping track of tactics, and establishing trading goals.
Watch this video to gain valuable insights into the world of options selling where you'll learn about effective risk mitigation strategies with the help of practical examples and develop your own profitable options selling strategies.
Your Speaker
Yogesh Nanda
Your Host
Vivek Bajaj