DECNOCH: Traders Nexus – Where "Ideas" Converge
I’ve been to a lot of trading events in my life- sometimes as
a participant and sometimes as a speaker but Definedge events stand out as one
of the most learning experiences every time I attend them. I recently had an
opportunity to attend a DECNOCH scheduled on the 18th and 19th
of March 2023 and wanted to share my experience with you.
Kudos to the Definedge team for the successful event; year after
year.
Hey Prashant, you and your team certainly have the magic to
bring over 350 traders under one roof to create confidence and opportunities to
fulfil one common dream – trading for a living.
Trader is an underrated and stressful profession which is
silent from the outside and loud ‘mentally’.
In India, trading is still considered taboo while investing in
equity is one of the highest degrees of professionalism.
Coming to
the event, I would like to term it as expanding horizons through strategies
and knowledge.
The 14 sessions and over 15
experienced speakers explain various strategies which they follow and trade.
There are hits and misses
at an event with over 14 sessions, but I won’t criticise the speakers here. I’m
a speaker at various events for over a decade and I know the journey from
seating on a chair of participants to speaking in front of a 350+ crowd. It takes
a lot of pain, hard work, sacrifice and investment of time and money to reach the
stage.
I would look at misses as
an unlearning process. It may be a hit for some other participants.
I’m not sharing my
experience as per speaker or individual sessions. I will share as per the
segment of the topics shared.
1. Point
& Figure – The crux of an event
I am disappointed with the
way participants are registering and attending the event. I’m sure they must
have read about the speakers and topics before making the payments.
As DECNOCH is all about
P&F and thanks to the team for regularly updating participants on WhatsApp
about the event who have already mailed the link to do homework about P&F,
but still Prashant has to be on stage every year to explain the basics of
P&F (waste of time). This is my suggestion to all the readers, please do
the homework of basics before attending any event as YouTube is flooded with
knowledge.
Coming to the sessions on
P&F, really impressed with Prashant who teaches new patterns every time you
meet him.
The scanners, MAST and TOI tools
have been so interesting for traders as it gives you a big picture of the
trend.
The concept of affordable
entry, anchor column follows through and anchor day has been one of the hits
for me. I would say, it is stamped in my brain.
I am a reversal trader and am
always fear to trade the continuous trend due to the risk-reward but these
patterns seem “daar ke aage jeet hai”
2. Techno-Funda
Approach
This is nothing new for a
trader with over 15 years of experience. But……
The seamless transition of the
filtering process between Fundamental and Technical through their software of
Radar is just the next level. Kudos to the idea and implementation team.
Abhijit Bhate and Prasidh
were bang-on with their strategies. I may differ from them on a few fundamental
scanners but that’s a personal choice.
Interestingly, I just
walked to the support team outside the hall to help me with my fundamental
screening. In a few minutes, the stock list was out and the technical strategy
explained by Abhijit was ready to be traded.
For many participants, the
team sitting outside the presentation hall have an objective of marketing and
sales like all other events; not here. I will clap for them as they patiently
and politely attended to each and every query for a fruitful experience. The
team were on their toes right from 9 am to 7 pm. Three cheers to the support
team.
3. Options
Strategies
I may not comment much
about these strategies as I am not an options trader. I guess there were around
7-8 sessions on options trading, and everyone was unique.
It was a mix of options
buying and selling strategies. Surprisingly, many of us never heard the common
word “black Scholes” during these 2-days. I think participants didn’t speak
about delta, theta or gamma too. Options traders may criticise but, in the end,
everything boils down to the profits.
The strategies explained by
various speakers had one thing in common, the trending patterns on Call and Put
charts. A standing ovation to Abhijit Phatak for building this culture in
India.
As I said, I’m not an options
trader, this time was used for networking. This brings me to the last part of
the event.
4. Networking
and Sharing Informal Knowledge
It is fun to meet
like-minded buddies at an event. This is the only time we all meet and share
our ideas and knowledge. And thanks to Definedge, they give us the reason to do
so 😊
Jokes apart. Spending 48
hours with 350+ like-minded traders is ocean knowledge for all of us.
We meet old friends and
make new friends to discuss strategies and ideas which can fine-tune our
trading strategy and shorten our learning curve.
As it is said, “Trading
is a lonely business” only if you don’t attend such events.
I believe you make friends
which are just a call away to discuss with you. I made over 100 trading buddies
which are just a call away to discuss markets.
The only thing I missed in
this edition was a session on risk management. It’s a suggestion to Prashant,
atleast consider one session on this topic.
Overall, a great learning
experience and this may not end without thanking Vinay Shah, the person who
always smiles and is ready to help. BTW thanks for Bhakarwadi, Vinay!
Signing off with the quote:
“The beautiful thing about learning is that nobody can take it away from
you.”
