A Broker looks at a graph depicting the change in sterling on the trading floor at ETX Capital, a broker of contracts-for-difference, in London, U.K. (Photographer: Jason Alden/Bloomberg)

Traders Carnival: There’s Money To Be Made By Being ‘Boring’, Says Deepak Mohoni

Deepak Mohoni, the man who coined the term "Sensex", believes there’s merit in being a “boring trader”.

95 percent of traders don't make money in the markets. “If you want to be in the 5 percent that makes money, you have to do the boring bits -- controlling costs and accepting that profits are unpredictable,” Mohoni told BloombergQuint on the sidelines of the Traders Carnival event in Mumbai.

The real edge that a trader has is to control the losses. The profits are up to random factors that the markets will provide. 
Deepak Mohoni, Director, Trendwatch India 

“Thinking there’s easy money to be made in the markets is a mistake that many traders make,” Mohoni added.