A star trader who wanted to join Bollywood, but life had other plans: Amit Seth

Life had other plans for Amit Seth, who is a Chartered Accountant, and a star trader who likes to keep things simple with his trading setup as well.

He wanted to be become a hero and join Bollywood, but after completing his CA he worked with an international audit firm, and also helped in his family business, Seth told Moneycontrol in a special podcast ‘D-Street’ talk on the sidelines of Traders Carnival.

His stint with audit firms in the M&A division gave him an in-depth exposure regarding the valuation aspect and understanding the balance sheet of the big companies.

He initially started investing in stock markets via a fundamental approach and gradually shifted his focus towards technical analysis through a self-learning process. However, to perfect the system it took almost 5 years and innumerable failures in between to be consistent in markets.

The ‘mantra’ which Amit follows for effective trading is that he likes to keep things simple. He trades with a bare minimum number of indicators on the chart.

His focus is largely on Price Action, Demand/Supply Zones and uses RSI and Bollinger Bands as a confirmation tool. “Too many indicators create a lot of confusion and will hinder your decision-making process. A simple setup is the best setup,” says Amit.

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