Master Trading Like a Business: Risk Management, Leverage & Identifying Your Edge

Master Trading Like a Business: Risk Management, Leverage & Identifying Your Edge | Breakfast with Traders Ep. 5

In episode 5 of Breakfast with Traders, we feature Nikhil Khandelwal, a full-time options seller and avid traveler who loves exploring new places, trading on the go, and meeting new people. He shares insights on overcoming self-doubt, finding market edges, managing drawdowns, and the perks of being part of a trading community. Nikhil wraps up with valuable advice for new traders and reveals his next trading destination.

#BreakfastWithTraders #EP05

0:00 Intro
1:23 Nikhil's background
6:46 Purpose/vision of this series
7:52 Initial trading days
10:52 How to protect yourself against tail events
14:49 Percentage of Nikhil's capital spent on tail protection
15:32 Importance of leverage in all businesses
16:47 Are Nikhil's inspirations an example of survivorship bias?
18:51 Were Nikhil's parents supportive and how much was his initial capital?
21:59 Self-doubt and mentality
24:46 What aspect of trading brings fulfillment to Nikhil?
30:30 How to identify and utilize an edge in the market?
39:01 How to handle drawdown periods?
41:04 Is Nikhil a systematic or a discretionary trader?
55:03 Max Value at Risk (VaR) on any stock option position
57:22 Perks of a trading community
1:04:26 Tips for new traders
1:08:31 Next trading destination
1:09:08 Outro

Breakfast with Traders series -    • Breakfast with Traders  

Venue credits: Brahma Brews, JP Nagar, Bangalore.
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