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How to make money trading derivatives

Options Trading Strategies

Book review of: How to make money trading derivatives

A genuine effort to educate traders.

This book was first published 2005. It mainly deals with the subject of technical analysis and methods to make money in the derivative markets of India. The author believes that that technical analysis is a very vast field and there are various sets of beliefs when it comes to technical charts and indicators. He stresses that traders should use only a handful of tested techniques and strategies. He does well at keeping the book simple and is directed to trader with an elementary knowledge of the subject. He also discusses the Indian economy, capital markets and basic derivative instruments.

There is also a section devoted to different indicators like Moving averages, ADX, MACD, RSI, stochastics, Fibonacci retracements etc. and some basic cash/futures arbitrage which is pretty ancient. The chapters dedicated to the use of options can be an informative source for beginners, especially how he describes selling strategies to make consistent and less risky returns.

The later chapters are invaluable to people who want to learn about money management, the use of stop losses, different approaches, discipline and consistency. Ashwani Gujral very rightly stresses the importance of these qualities to succeed in the long run.

Those of you who are looking to enhance your knowledge on technical analysis and strategies should look elsewhere because this does not dig into those details. Overall a good book to get a perspective on the markets. 

10 Comments

  • Avatar Sachidanand says:

    Why to buy his book when we can see him everyday in CNBC

    • Tejas Khoday Tejas Khoday says:

      The book is about how to trade. His CNBC work is about what to trade. There’s a big difference!

  • Avatar Saatvik says:

    Why dont you write a book sir? It will be a big hit..

    • Tejas Khoday Tejas Khoday says:

      Well, I do write quite a bit online and we’re launching an education initiative. I guess for the moment, our current projects make more sense. Thanks for your suggestions. Good thoughts :-).

  • Avatar Prashant says:

    Is this book available in pdf format to download in Fyers site ?

    • Tejas Khoday Tejas Khoday says:

      Nope. It would be an infringement of copyrights if we did that. I suggest you buy it on Amazon, Flipkart or any bookstore. To this day, it is quite widely sold.

  • Avatar Varun says:

    Ashwani Gujaral the same guy who is on CNBC these days.. But it is an old one right.. any new ones by him?

    • Tejas Khoday Tejas Khoday says:

      He has written only two so far and this one seems to be more relevant as it covers many aspects of trading.

  • Avatar Prashanth says:

    He’s the same guy who comes on CNBC right.. Didn’t know he wrote a book. Thanks for info.

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