Bot a way to retail trade !
Yes, now the BOTs trade, earn profits for clients ! Read how.
This is about bringing AI & Machine Learning in India for day to day retail trading, by way of bots that can think per second and act much faster than humans.
By India Input Research Desk
With the recent crash at the stock market that made a total loss in several lakhs of crores, the risks and threats involved are back in public conversations. The one common question, though is : Can one trade with preset limited or restricted risk level ?
So that the loss doesn’t cross the line set by the individual investor..?
Bots that trade
A commerce Graduate has a positive answer.
With Interests in Algo trading, stock market, Machine Learning and Artificial intelligence, Prasen Lonikar has created these Trade BOTs for stock trading. Bots are software applications that run automated tasks on the internet.
Estimated 5 companies are working in Algo trading for Retail in India. Prasen’s company is one of them. There are no Tips for sharing. The Bots scan and find the opportunities and buy and sell -all of this on their own.
The losses are capped
What if the markets begin heading downwards? If the market goes further below, the bot executes ‘stop loss’ and does an exit to secure the investment.
Prasen says, -‘The wins can be limitless, the losses are capped at absolute terms and not in percentage. These trading bots do buying, predicting and selling on their own and do not require commands or suggestions on their daily activities at the stock markets.’
Prasen and his Stoq.club has automated the retail trade for clients who have financial goals but are unable to spend their days on trading. The most important question asked is how much amount can you risk? For example, a bot may look after the interests of an investment of rupees one lac fifty thousands at a risk of rupees twelve hundred only (1200/-) STOQ Club builds tailored investment strategies with globally diversified portfolios for everyday investors according to their risk appetite and goals.
Thus, STOQ Club is bringing Trading/investing on autopilot experience for everyday retail investors
STOQ Club enables low risk smart investments and aims to bring a revolution like Vanguard did in the US,’ claims Prasen.
Large market
In his words, -‘The market is huge and we believe that India with its young and millennial-led population is witnessing a rapid shift towards a financial assets focused investment strategy. With over 700 million active mobile internet users who are transacting on various platforms, there is a large market available for distribution of new-age financial products. STOQ Club is building a mobile-first platform that makes goal-based investing a seamless and intuitive process for India’s many first-time investors.’
The pandemic (Covid19) has accelerated financial awareness in India leading to all-time high growth in Demat accounts with over 10 million account additions in 2021 alone. Despite this growth, 75% of these accounts have little to no activities due to conservative investing attitude and lack of understanding of the equity markets. Equity market participation in India is still stagnated at 3.7%. Compared to this, China is at 12.7% and the US at 56%. STOQ Club aims to increase participation of Indians into equity markets by using smart automation to make investing simple and easy for everyone,
These bots were his ‘retirement planning’ in 2019. Today his bots are working for more than 60 clients.
The bot is not a single entity. Prasen has a range of bots for different market scenarios. And he claims,- ‘Earning rupees two thousands to ten thousands per day is a frequent phenomena.’
According to Prasen Lonikar, one of his bots has an accuracy of 68 pc in predicting whether the markets will open up or down the next day. This earns a few thousands for overnight holding.
What next?
Prasen says, he is building chat bot to interact with users for all the trading that is happening. Bots will also provide trading updates on WhatsApp, for the clients.
‘Bot’ a way to trade, really!
