In this video of the Face2face series, Mr. Vivek Bajaj, co-founder, StockEdge, Elearnmarkets, and Kredent Money, engages in a candid conversation with Mr. Sivakumar Jayachandran, an expert derivatives trader whom a lot of us will be able to resonate with.The conversation will be about a very interesting and unique topic - bank nifty options scalping. Mr. Sivakumar Jayachandran will first talk about his story - from becoming a hotel management graduate, working in health-care companies, becoming an entrepreneur, and finally retiring and starting his journey as a trader in the stock market.
He also talks about how his portfolio was affected by the financial crisis in 2007-08 and how his mistakes have helped him learn to trade better in the future. Mr. Sivakumar Jayachandran discussed how he developed his trading strategy with the Nifty P/E ratio. He also talks about the importance of open interest in improving our profits in options trading, why he chose to become the buyer of an option, and finally, an options scalper.
Mr. Sivakumar Jayachandran discusses the advantages of options scalping and some personality traits which can make a trader successful. He also remarks on the importance of investing and trading only with the money we can afford to lose, control and limitations, and handling our losses and profits equally. We will talk about a unique risk management method that Mr Sivakumar Jayachandran uses and explains it with the help of simple examples.
The conversation then moves to the basics of options scalping with some examples from his own trades. Mr. Sivakumar Jayachandran discusses the factors that can help us choose the best broker for our trades. He talks about his process of tracking stocks and the markets with the help of tools like investing.com and OI (open interest) data. We end the video with Mr. Sivakumar Jayachandran giving some useful advice for the traders who have entered the markets in the last 2-3 years.
Your Speaker
Siva Jayachandran
Your Host
Vivek Bajaj