Sumeet Bagadia - An MBA in Finance turned a broking house Executive Director
A dream does not become reality through magic; it takes sweat, determination, and hard work. ~ Colin Powell
Hard work is the most important key to success says Sumeet Bagadia, Without being willing to work hard and put everything into a venture or business, success is nearly impossible. No matter in what business you are, there is no substitute for hard work and perseverance. It took his sweat, determination and hard to become a broking house top management. We have on board the Executive Director of Choice Broking - Mr Sumeet Bagadia.
He is an MBA in Finance by qualification and has an experience of a decade (15+ years) in Broking Industry. Sumeet is sought by print and wire services on a regular basis for his views and comments on Equities, Commodities as well as Currency markets.
He started his career with one of the leading broking firms in India, Sharekhan. Since then he is involved in markets and played a key role in setting up the desk at few brokerage houses. With the quality experience and sound knowledge, Sumeet has a good grip on markets.
He is an MBA in Finance by qualification and has an experience of a decade (15+ years) in Broking Industry. Sumeet is sought by print and wire services on a regular basis for his views and comments on Equities, Commodities as well as Currency markets.
He started his career with one of the leading broking firms in India, Sharekhan. Since then he is involved in markets and played a key role in setting up the desk at few brokerage houses. With the quality experience and sound knowledge, Sumeet has a good grip on markets.
Name: Sumeet Bagadia.
Company: Choice Broking.
Designation: Executive Director.
Profile: Giving Technical View on Equities, Commodities and Currencies from past five years in Electronic Media like, CNBC Awaaz, ET NOW, CNBC BAJAR (Gujarati Channel), Bloomberg, Zee Business, NDTV Profit, ETC. Also have given various type of articles in Print Media like Economic Times, Afternoon, Navbharat Times, Business Standard, Financial Chronicle, DNA, etc.
How would you see your journey as a trader?
I started my investments at the age of 17 Years. In the initial years, my main focus was in the research of the commodity markets, later, my focus shifted towards equity and currency markets as well. Currently, I hold experience of more than a decade in the electronic trading markets.
Most of the people have some unheard points in their journey. What are those points in your life which most people don't know but that played a significant role in your trading career?
Among the unheard points, my working hours are approximately 12 to 15 hours a day as I track not only the domestic markets and trends that drive the prices, but also the global market factors that play a crucial role in driving the international markets in the respective positive and negative zones. My family, especially my mother, has played a significant role and has been very much supportive in helping me boost my career at the time when markets had undergone the subprime crisis and 90% of the traders had exited the global markets.
Among the unheard points, my working hours are approximately 12 to 15 hours a day as I track not only the domestic markets and trends that drive the prices, but also the global market factors that play a crucial role in driving the international markets in the respective positive and negative zones. My family, especially my mother, has played a significant role and has been very much supportive in helping me boost my career at the time when markets had undergone the subprime crisis and 90% of the traders had exited the global markets.
What motivates you to become a trader as it mostly considered as a risky area?
The volatility in the electronic market serves as a motivation and a challenge as most of the Indian people still consider it as gambling and fear to survive long in these markets. Challenge also lies in taking the right amount of decisions at the right time, so that the traders can get the maximum out of the markets in the given particular period of time.
Do you think emotion comes before your trades in your formative days? How do you tap that?
Emotions are majorly controlled by placing the right stop-loss, finding the best entry/exit levels and profit booking strategy in the current volatile market. Even though other market players show immediate reactions to the particular news or geopolitical situations, however, as a trader we have to remain patient enough to find the best entry and exit levels, and strategy in order to make the maximum profits out of the markets.
What is your trading strategy and what mindset you follow?
What is your trading strategy and what mindset you follow?
My trading strategy is to always give first priority to the fundamentals of a particular stock, sector or commodity in which we can see as a good buying or selling opportunity. Correspondingly, I also try to understand the technical perspective whether it is in line with the said fundamentals, recognizing the best support and resistance levels, and upcoming news factors or updates that could play a significant role in the movement in prices in a particular direction. After considering all the above factors, as a trader, I accordingly give an intraday, short term, medium- or long-term buy/sell calls in the market.
Any book or course which you advise for trading.
- Intermarket Technical Analysis: Trading Strategies for the Global Stock, Bond, Commodity, and Currency Markets by John Murphy
- Trading Classic Chart Patterns by Thomas Bulkowski
- Getting Started in Commodities by George Fontanills
My future plans are to have a full proof research and connectivity with the research team, which is a must for every trader who is trading in the markets and also for those who are interested in trading in the markets in the coming future. Understanding trading strategies with crisp analysis also plays a critical role for every trader in the markets.
Fellow traders should also not be afraid of extreme volatility markets that may arise unnaturally or unexpectedly, but should stay calm, apply the best trading strategy, stop loss, book profits wherever necessary and have a right attitude towards the markets. A right attitude and positive approach will help the fellow traders not only to sustain and survive in the markets, but also to get the best of the markets and maximize their profits in the longer duration.
You can connect to Sumeet with his Social Media and follow his Youtube channel for his latest view on market :
If you like this article, don’t forget to bless it with your tweets or shares on your favourite social media. Further, you might like to read Following Trading Journeys:
Chartered Accountant turned full-time Trader - An inspiring Trading Journey
An MBA Specialized in International Business Turned Full-Time Trader cum Investor
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