Stock Trading Is For Income, Not Wealth Generation - Hrishabh Sanghvi, Edelweiss, Citibank, IIM L

Hrishabh Sanghvi, Founder - Arque Tech, Co-Founder Rodeo Travel Technologies, Ex Edelweiss, Ex-Citibank, IIM Lucknow, talks in-depth about machine learning and algo-trading, and how these work. He gives us a peek into how investing is evolving today.

(This is Part 3 of the video series featuring Hrishabh Sanghvi)
Check out Part 1 here - http://bit.ly/2N2U4GQ
and Part 2 here - http://bit.ly/2MhWUYT

Summary of the video

In this video, Hrishabh answers various questions about trading and its evolution. He shares how machine learning works, and how it is changing the job industry. He talks about how machine learning creates the need for a bunch of people with the right skill sets who can control those machines.

He shares how the greatest advantage of using machine learning as a trader is the speed of analysis and execution that machines provide. He further talks about maintaining emotional balance while working in a supercharged trading environment.

Hrishabh talks about how a trader needs to maintain a balance between taking risks and earning rewards. Finally, he talks about investing versus trading and how both have their own benefits. He tells us how trading is good for earning a monthly income, whereas investing is all about long term gains.

If you’re curious about the mindset of a trader, check out this video.

Key Takeaways

1. Trading is good for income generation.
2. Do what suits your personality the best.
3. Investing is good for wealth generation, but will not give you income.
4. For a trader, being aware of risks and rewards, and taking the right bets is very important.
5. Speed and breadth of analysis are the biggest advantages of algo trading and machine learning.

#Finance #IIMLucknow #Edelweiss #Citibank #Trading

Check out:
A Day In A Stock Market Trader’s Life – Hrishabh Sanghvi - Part 1 here - http://bit.ly/2N2U4GQ

A Key Skill That MBA Doesn’t Teach You – Hrishabh Sanghvi - Part 2 here - http://bit.ly/2MhWUYT

Read more stories about finance here - http://bit.ly/2Fa4zmY

You can check out stories on careers in finance here - http://bit.ly/2LH8KeN

5 Questions to ask before taking up Finance - Miti's tryst with Finance - http://bit.ly/2KIC82R

The Reality Of Investment Banking - Harsh Parikh - Part 1 here - http://bit.ly/2y8NLsn

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