Hotel Management Graduate from Asan Memorial, Chennai, Completed. Masters in HR from Adam Smith University, USA. I have 15 Years of Experience in US Health care RCM, Managed and ran a the company with 800 Employees. I have done 10 Years of Part-Time trading and 4 years of Full-time Trading in Index Options being a Buyer. I am a NISM Certified Professional for Equity Derivatives & featured in Moneycontrol.com as a Star Trader on 5th Oct’19. Currently Managing account size of 1.5 Cr Capital in Options Buying With a Monthly ROI of 15%. Looking to expand to further using HFT trading in the near future on both Buying & Selling.
IN CONVERSATION WITH
Mr. Vivek Bajaj
The passion for data, analytics and technology is what makes Vivek Bajaj a financial market survivor. The journey as a market participant started in 2002 when the first trade was executed in the options contract of ITC. Life was simpler and easier during that time. Since then technology and Big data have taken over totally. As an early adapter to the complex tools, Kredent was formed to capitalise on the opportunities. He is co-founder of StockEdge and is committed to bring simplicity in the complex world of market data. He is a Chartered Accountant, Company Secretary and an MBA from IIM Indore. He is a part of various committees of exchanges and regulator and he has been an active contributor in the evolution of Indian Derivatives Market.
About this Face2Face:
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.
You can connect with Mr. Jayachandran here - https://twitter.com/justsiva123
Today, the conversation will be about a very interesting and unique topic - bank nifty options scalping. Mr. Jayachandran will first talk about his story - from becoming a hotel management graduate, to working in health-care companies, to 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. Jayachandran talked about 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 and why he chose to become the buyer of an option, and finally, an options scalper.
Mr. 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, and the importance of control and limitations, and handling both our losses and profits equally.
We will talk about a unique risk management method that Mr. 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. Jayachandran talks about the factors which 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 will move ahead to the importance of using OI data to improve our trade. Mr. Jayachandran will also discuss one of his own trades as an example to show how he operates his strategy. He and Mr. Bajaj will also discuss the role Algo plays in options scalping.
We end the video with Mr. Jayachandran giving some useful advice for the traders who have entered the markets in the last 2-3 years.