Vivek Gadodia: From system analyst to market wizard
'Losing a position is aggravating, whereas losing your nerve is devastating.' This quote from unarguably one of the best traders in the world – Ed Seykota rings a bell with everyone who has been in the market. Once in a while comes a trade which will test a trader's nerve. This make or break moment defines the trader.
Vivek Gadodia, who derives his inspiration from Seykota came out victorious after losing his nerve at a time when he had established himself as a trader. Support from family and friends brought him back on the track, but not before leaving a permanent imprint on him.
A system analyst who carved his own path into trading Vivek Gadodia is a self-taught algo trader. Starting by managing small money from his natural market (family and friends) Vivek grew to become one of the biggest non-bank traders in the currency market in the country.
His background in systems and his experience in trading led him to the second position globally in designing market neutral algorithm of US equities in a competition conducted by one of the world's largest crowd-sourced hedge fund.
Vivek is a co-promoter of Dravyaniti (www.dravyaniti.com), a fin-tech company that is into research and development of algorithms in the financial markets. They develop rule-based trading strategies that are deployed by the broker's proprietary funds. Their company is now in talks with Alternative Investment Funds to customise their models to the needs of these funds.
Vivek is a movie buff, especially market movies, and going on treks to lakes in the Himalayas. The little free time he gets he loves spending it with his family.
In an interview with Moneycontrol Vivek speaks about his journey ...