Page 99 - MEX-Yearbook-2017

MOTC MEX Option
MEX Option Trading Challenge - 2017 Trading Challenge - 2017

MTC 2017 In order to encourage commodity trading among the financial community, Mercantile
Exchange Nepal Limited organized the MEX OPTION TRADING CHALLENGE - 2017. MOTC-2017
was an option trading challenge where any individual could participate and trade in variety of MEX
products on a stimulated trading environment on a real time professional basis in MEX Option trading
platform. MOTC-2017 opened on 3rd July 2017 and concluded on 31st July 2017. Initially the participants
were provided with Rs. 50,000 opening balance which they had to use to trade in the demo account.
Participants had to increase their equity using their trading skills and strategies. This was a stage to
showcase the skills of trading by the contestants thereby setting an example of disciplined and smart
trading. MEX Nepal would like to congratulate all the winners and also thank all the participants who
enrolled in the challenge.

First Place Trading options were never easy, neither is it now nor will it probably ever be. I think the success in trading
lies in two important things. First, it is important to focus on not losing money rather than making big profits.
I think most traders, including me, tend to bet heavily on the wrong side after seeing a few losses and lose a
lot of money before ending up with a balance too low to make a rebound. I did that and ravaged three demo
accounts myself. Second, it is crucial to understand how the market works and how the parties involved in it
think. I think winning a trade is all about gauging how the traders, that include people and machines (though
they work on human-made algorithms), should be thinking at current instant about the market given the
technical and fundamental indicators. This helps our bet in the right direction. Moving average, as it is said
to be the most widely used technical indicator in the world, best help us think what the market is thinking,
and what position it is likely to take based on it. The major indicator I used for options trading was a
13-period simple moving average and I did bet on short-term trend breaks. It helped me make highly accurate
trade decisions especially in 30-minutes and 1-hour options. The secret in options trading, I think, is to do
what the market is about to do. And the key to do this is to learn to see the market from the eye of the traders
in aggregate, which I believe comes with practice.

- Bishwas Basnet

Second Place I entered the MEX Option Trader Challenge 2017, and can honestly say that it was a really incredible
experience. I’ve had lots of people asking about the award and they've been all really impressed. The
competition itself was great fun, challenging and was attended by a large number of participants. MEX
Option Trader is a really good platform for commodity traders in Nepal, especially who want to trade in a
short-term time frame. I used to trade MEX OptionTrader from my demo account before the competition.
The competition took off and I did not trade for few days as I was waiting for the right time to trade. The
most interesting part was watching the top ten list of traders having a maximum return on the website again
and again. Seeing my name in the top list motivated me a lot. The last day of the competition was much
more challenging and the competition was tough till the end. There were many ups and down and in the
end I grabbed the 2nd position. Last but not the least, I would like to thank Mercantile Exchange Nepal
Limited for providing us the most interesting challenge competition for the traders in Nepal.

- Salil Shrestha

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