Sonith Manakkat

Series9 parts

Trading explained

A nine-part, picture-led explainer of how markets, orders, intraday trading, options, risk and automated trading systems work. General education only, not investment advice.

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General education about how trading works and how trading software is built. Nothing here is advice, a recommendation or a promise of any result.

  1. Part 1 of 910 min read

    How markets work, in plain words

    A market is a meeting place for buyers and sellers. This part explains exchanges, brokers, the order book, the bid-ask spread, how a trade happens, settlement and liquidity, with pictures.

  2. Part 2 of 910 min read

    Order types and the life of an order

    Market, limit, stop and stop-limit orders explained with illustrative numbers, plus the life of an order from creation to fill or cancel, partial fills, rejections and slippage.

  3. Part 3 of 99 min read

    Intraday trading explained

    What intraday trading means, how square-off, leverage and margin work, why costs and time pressure matter, and a plain statement of the risks. General education, not advice.

  4. Part 4 of 910 min read

    Options explained for beginners

    What calls and puts are, how strike, expiry and premium fit together, what an option is worth at expiry, and why buyers and sellers face very different risks. Illustrative numbers only.

  5. Part 5 of 99 min read

    The Greeks and implied volatility in plain words

    Delta, gamma, theta, vega and rho are the dials that show how an option's price tends to react. Implied volatility is the market's uncertainty expressed as one number. Illustrative values only.

  6. Part 6 of 99 min read

    Shares, futures and options compared

    What you own or owe with a share, a futures contract and an option, how leverage and expiry change the risk, and why derivatives exist at all. Illustrative examples only.

  7. Part 7 of 910 min read

    Risk management basics

    Why the first question is how much could be lost, and how position size, stop limits, drawdown, diversification and pre-order checks work. General education only.

  8. Part 8 of 99 min read

    How an automated trading platform is built

    A generic tour of the parts of an automated trading system: data, decisions, an abstention gate, risk checks, an order state machine, an operator console, and safeguards.

  9. Part 9 of 910 min read

    Common mistakes and myths

    Picture cards for common myths, plain explanations of over-leverage, emotional trading, overfitting and other biases, scam red flags, and habits that are education rather than advice.

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