What institutional traders know that retail investors don't

Gaurik Shah, Fund Manager at Mirae Asset Investment Managers India, spent years on institutional trading desks in Mumbai, Hong Kong and Singapore before building systematic strategies in India. 

In the second episode of The Systematic Edge, Value Research founder Dhirendra Kumar takes him back to those years: what a morning on an Asian indices desk actually looked like, what he unlearned about back-testing at Monsoon Capital and what Indian markets offer that global quants specifically fly in to exploit. The conversation turns sharper when it reaches retail investors: why F&O is not a casino, why stop losses are not optional and why the risk culture that institutional desks take for granted is exactly what most retail traders never develop.