A Day In A Stock Market Trader's Life - Hrishabh Sanghvi, Entrepreneur, Edelweiss, Citibank, IIM L

Hrishabh Sanghvi, Founder - Arque Tech, Co-Founder Rodeo Travel Technologies, Ex-Edelweiss, Ex-Citibank, IIM Lucknow, talks about his career as a trader. He gives us a glimpse into the life of a trader and talks about machine learning in trading.
(This is Part 1 of the video series featuring Hrishabh Sanghvi)
Check out Part 2 here - bit.ly/2MhWUYT
Summary of the video
In this video, Hrishabh talks about starting his career as a trader. He shares the story of his interest in markets, and how b-school was a great opportunity that helped him train the market muscle. He further talks about how b-school is not a placement agency, but a place to gather knowledge and networks.
He shares how 2 years at b-school are a great time to dabble in different competitions and clubs in order to figure out what one wants to do in the future. Further, he talks about working with Citibank, and how he heard abuses hurled on his very first day. He talks about being resilient, and emotionally aloof on the trading floor. Next, he takes us through the skills that a trader needs.
Hrishabh talks about the importance of planning one’s day before work and analysing the daily work done in order to improve. He shares how traders keep a diary where they note down daily strategies, observations and activities, thus learning on a day to day basis.
Finally, Hrishabh touches upon algo trading and machine learning and how these are changing the way trading is done. He tells us about how machine learning is used in the trade of derivatives and commodities and further mentions how certain types of trade still require a human touch.
If you’re curious about stocks, trading, and want to build a career as a trader, this video is for you.
Key Takeaways
1. Analysing performance is an important aspect of trading.
2. A trading journal helps to learn right from wrong.
3. A lot of non-linear relations can be found by machine learning algorithms which humans can’t find.
4. A trading floor is for people who can manage an intense environment without losing their cool.
5. Decision making is a key skill for a trader.
6. In trading, 70% of your work is done if you manage your emotions.
7. A trading floor is for people who can manage an intense environment without losing their cool.
8. Don’t think of b-school as a placement agency.
9. The first job is not so important.
10. B-School gives you the perfect opportunity to figure out what to do.
#Finance #IIMLucknow #Edelweiss #Citibank #Trader
Check out:
A Key Skill That MBA Doesn’t Teach You - Hrishabh Sanghvi - Part 2 here - bit.ly/2MhWUYT
Stock Trading Is For Income, Not Wealth Generation - Hrishabh Sanghvi - Part 3 here - bit.ly/2OV5wGX
Read stories about IIM Lucknow here - bit.ly/2WCBI5c
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[@InsideIIMKonversations]

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[@bhagwatnagargoje0]

I'm trader by profession. All things are right and he explained well what to do and he is good person.

[@InsideIIMKonversations]

Thanks for liking the video :D Have you seen the other two parts of his video series? If not, you can check out part 2 here - bit.ly/2MhWUYT and part 3 here - bit.ly/2OV5wGX

[@bhagwatnagargoje0]

@@InsideIIMKonversations thanks content is good

[@desitrader7679]

kzbin.info/www/bejne/bae9aXp6rLOCpa8

[@ashuetrx]

Thanks InsideIIM for being there and filling in such a big void. A normal person can understand and decide his career after seeing these interviews

[@InsideIIMKonversations]

Thanks, Ashish. So glad to hear that you find it useful. You can also check out - How I Cracked My Internship Interview In 8 Minutes - Kartik Arora, Forever 21 - Part 1 here - bit.ly/2OsTCDO

[@sandrastrong7998]

This guy is one of the most intelligent and the most humble person I've ever come across .

[@maggupta6933]

Koe English accha bolne se or acche technical term use karne se talented nahi hota...the king is who save there village in hard time....currently what I am seeing all pass out from IIM given resignation from there post ...like urjeet Patel, raghuram ranjan, sabdhya kocher, and i have many examples.....means IIM candidates dosen't have capabilities to performs in bad times

[@sandrastrong7998]

@@maggupta6933 agar koi kise ke liye kuch accha bolta hain toh logo Ko Kyun acha nahin lagta hain main yeh Jaan ne ki koshish kar rahan hoon , aisi ho gayi hain duniya jo sab doosro ki Khushi dekh hi nahin sakhte , aap pls logo ke baare mein achcha bolo aur achcha socho , and mainly stop judging people yaar , yeh duniya ke jaal mein fasna nahin . Ek zindagi mein Kitni nafrat paalonge sirji . Pyar karna bhool Gaye ?

[@maggupta6933]

@@sandrastrong7998 No I am just opposite of doing MBA after engineering ....I am always say to friends don't do MBA after engg bcoz after some day you will do job of sales only....and Engg is far far apposite to MBA ...so nw my mind becomes anti MBA.....

[@maggupta6933]

Or MBA courses indirectly jhoot bolna Sikhata they only focused on packing not on quality....is me customer ko kaise katna hai ....kaise paise nikale client se ....or engg isse opposite kam karta....they try to provide you quality.

[@karthik3584]

I didn't feel anything like that

[@InsideIIMKonversations]

Also, check: A Key Skill That MBA Doesn’t Teach You - Hrishabh Sanghvi - Part 2 here - bit.ly/2MhWUYT Stock Trading Is For Income, Not Wealth Generation - Hrishabh Sanghvi - Part 3 here - bit.ly/2OV5wGX

[@VNnimbs]

Please upload part 2 ASAP...

[@VNnimbs]

Please upload 2nd part ASAP....

[@InsideIIMKonversations]

Hi Vaibhav, Part 2 is published you can check it out here - bit.ly/2MhWUYT

[@desitrader7679]

kzbin.info/www/bejne/bae9aXp6rLOCpa8

[@rahulmandalrahulmandal4937]

@@VNnimbs c2😘cc😘22c22c

[@nikhilvallala6899]

This is most humble interview I have ever seen.

[@TanmayvMukim]

Liked the way he used his engineering and management skills...try to arrange one more session with him.

[@vadirajagd3143]

Very good inputs i really enjoyed it.Thanks for sharing the key takeaways as well which is really awessome.

[@InsideIIMKonversations]

Thanks a ton for watching!

[@the_raushankumar]

Really good content, good over view of trading. Please make more videos on trading.

[@InsideIIMKonversations]

Thanks, Raushan. So glad to hear that you find the video useful. Part 2 of Hrishabh's talk is out! Have you seen it? If not, you can check it out here - bit.ly/2MhWUYT

[@nitikbadjatya]

If you have cracked CAT then you already know how to control emotions 🖤

[@rishikeshdas3453]

Lol no

[@rajalakshmipunuru8709]

What is your suggestion for someone interested in Trading. What's that they should be looking for gaining experience.

[@templogical3095]

rajalakshmi punuru Dont do it

[@shangkhabrahma7532]

Enter into it

[@tejaswkumarkothari8085]

Do a job in any stock broking company first.

[@saurebh8109]

Prepare for heavy losses first

[@parthlimbachia]

Learn to preserve the capital first. Learn price action and do not venture into futures and options till you master capital market trading. Futures and options is not for beginners

[@ajaysonkar6886]

Successful trader is one who is discipline and physiology

[@pankajsheoran9429]

5:40 , So you mean The Wolf of Wall Street was a correct depiction of jobs in stock market?

[@michaelmantode4985]

I think the point is that it's a high pressure situation that governs such high profile trading floors. So it would only be natural that they yell and abuse to get the work done and do it right. This ain't like normal sales.. they are dealing in cores, I think a few abuses can go unnoticed.. 😁

[@kingshukdutta2064]

Reminded me of The Wolf of the Wall Street, when he said abuses are thrown lol.

[@AryanKumar-ll7ux]

tHIS WAS THEEEEE BESTTTTTT ...WANT MORE OF SUCH CONTENT , QUICK !

[@vishalmishra1937]

diaper and beer example is standard algo is apriori algorihtm

[@dipankar1688]

listening him is so exciting, jus think when i m gonna pursue that

[@InsideIIMKonversations]

Best of luck for your ambitions

[@maheepsingh5993]

The interviewer needs to be eloquent, otherwise 👍

[@rohitrawat6892]

I would recommend to everyone at least try for once

[@gameswithrichie6545]

What kind of trading do they do

[@enriqueheredia5794]

IIM graduates rule the world. Proud to IIM alumni

[@InsideIIMKonversations]

🙌

[@tejaswkumarkothari8085]

I'm a commodity trader by Profession. I agree with all his advice.

[@Dingutu]

Hey bro, please tell me which factor affecting the prices of crudeoil And how long u have been into this profession

[@tejaswkumarkothari8085]

@@Dingutu First of all crude is very volatile commodity, and there are many factors affecting the prices of crude oil. For example IRAN & USA tensions, global economy slowdown, rising crude inventories etc.

[@tejaswkumarkothari8085]

@@Dingutu I am in this profession since 2018 ☺️

[@Dingutu]

@@tejaswkumarkothari8085 I trade in crudeoil and most of the times I've fear of losing the money that's why I missed many of the big rides. I just ask u one simple thing what's in ur mind when u place a trade. Please let me know the factors affecting the crudeoil prices

[@tejaswkumarkothari8085]

@@Dingutu Look man first of all you should have a strong knowledge of technical analysis to trade in the market. If you don't have any strong knowledge of technical analysis there are plenty of books out there in the the market. Get one ASAP

[@rohan5058]

Why everyone is an engineer in iims ?

[@RetailAdda]

To shot at redemption.

[@akashrathod9617]

Already exhausted by studying 40 subject. To revise it again...they do MBA. Just kidding.

[@kunalborkar9435]

Engineers are smarter than others to crack it down. As simple as that 😂😂

[@shivamraghuwanshi4365]

Because CAT(entrance exam for IIMs) is easy for an engineer as they are comfortable with the topic of quants.

[@jayshah6029]

Which companies are coming for the summer internship inside IIM?

[@PawanSharma-lx1vm]

Plz tell me how could i get a job of a trader in an investment bank..i m a trader n running my stock mkt franchise since2017.

[@desitrader7679]

kzbin.info/www/bejne/bae9aXp6rLOCpa8

[@varadd8543]

1st job is important !!! Not for someone who's already born with a silver spoon but for the one who didn't even had proper food to eat

[@adharshdevarakonda1605]

I like this job and i want to do that any suggestions please

[@dhruvzala5664]

Inside iim you guys are doing job very helpful

[@InsideIIMKonversations]

Thanks, Dhruv! You will find a lost of similar content here: bit.ly/2VuO2CN

[@shubhamchhajed2412]

Where are such events held?

[@Purnachandhar-S]

Great interview

[@InsideIIMKonversations]

Thanks for the appreciation.

[@arnabsarkar3737]

TRADING shouldn't be adraniline packed or charged up.... because if is it show you're Trading with EMOTIONS and emotions should never be involved during Trading..

[@vishnusahani2822]

how much did you made homie ?

[@harendrasingh_22]

8:20 woah !!!!! I want Citi ! :P !

[@oranzestudio4316]

Try crypto trading .. you'll find out what the real adrenaline rush all about...😀

[@Dingutu]

R u trading in cryptocurrency? Which broker u choose

[@oranzestudio4316]

@@Dingutu I don't do it now. Since Indian govt stand on crypto currency is still unclear . Matter is still in supreme Court . But my many friends those living in foreign lands do it regularly. Binance, Bitmex , deribit are some foreign exchanges . Trading is a good career option but learn it first... otherwise you'll burn all of your capital.

[@Dingutu]

@@oranzestudio4316 thanks dude. So, r u trading in forex or in stocks means nifty or bank nifty

[@oranzestudio4316]

@@Dingutu yes Bank nifty and forex.

[@Dingutu]

@@oranzestudio4316 I trade in currency market like gbp/inr, usd/inr, eur/inr Can u please tell me what r the factors which affect the currency prices.

[@pratiksharuthe5186]

everyone is trader but not everyone is rich....

[@mrshetty2019]

Hence be a investor😇

[@warrenchrist2804]

@@mrshetty2019 all investors are also not rich, only 5percent. Trading is profession , required skills, right mindset ,it's not everyone cup of tea.

[@warrenchrist2804]

Pratiksha ruthe wrong, everyone can't be trader,it's only for genius people. Trading is a full time profession while investment is wealth creation which is part time.

[@pratiksharuthe5186]

@@warrenchrist2804 the game is not for genius people its a game for smart people.

[@kapilthukral1258]

Pls pls make in hindi

[@odaadu-4463]

No Hindi

[@shahilshah2997]

This guy has the charm of a goldfish

[@deepakgairola88]

I guess he did trading in some lala trader shop... Making fool you guys, making it's dramatic and he must have watched a movie which he is explained here.... Trading is not at all adrenaline rush it's boring job... And those who thinks it's adrenaline rush become bankrupt.... It's not video game button dabaya trading ho gayi...

[@Chrono-vlogs]

I think he is institutional trader

[@sarthakkumar8395]

Yes man it is very boring

[@harshrajjadhav940]

He did trading on the Citibank floor. Investment Banks trading floors are pure chaos

[@warrenchrist2804]

@@sarthakkumar8395 don't think so, people leave jobs now to become Full time trader.

[@knowledgeworld6951]

Trading is gambling nothing else

[@InsideIIMKonversations]

Why do you think so?

[@knowledgeworld6951]

@@InsideIIMKonversations 99 ppl lose money in trading only 1 makes money it is very stressful should not be encouraged

[@titasdeyscience5999]

🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

[@govindpawar9895]

Hindi me interview चाहिए

[@harendrasingh_22]

5:58 hahaha.