Sivakumar Jayachandran is one of the option scalpers popularly known as @justsiva123 in twitter. He is a serial entrepreneur who took successful exit from his BPO business before venturing into the world of financial markets. Siva currently mentors budding professional traders to swim in the world of options.
Scalper Siva lost 50 lakhs in a single day of options trading in 2014. He shares his journey and the lessons he learned from his highest profit and loss.
Highlights
- 200-300 days of earning can be ruined by one bad day in trading, affecting both the trading career and personal life.
- Hotel management graduate Shumar J Chandran unexpectedly entered the stock market in 2001.
- Joined the BPO industry in 2001 and excelled in the healthcare BPO sector.
- Got interested in the stock market after seeing a friend’s success in doubling his investments.
- Made mistakes in stock selection and panicked during market downturns, averaging down positions without proper analysis.
- Lost money in stocks and turned to futures and options trading, seeking help from tips providers.
- Realized the need to learn and educate himself about the market.
- Started investing systematically and accumulated stocks before the 2014 elections, recovering previous losses.
- Retired at 39 and became a full-time trader, focusing on both investing and trading.
Key Insights
- 💸 Losing 50 lakhs in a single day highlights the risk and volatility of options trading. One bad day can have a significant impact on a trader’s finances and life.
- 📚 Education and learning are crucial in the stock market. Without proper knowledge and analysis, traders may make costly mistakes and rely on unreliable tips providers.
- 📈 Systematic investment plans (SIP) can help in accumulating stocks over time and benefit from long-term market trends.
- 💪 Overcoming failures and losses is possible with determination and the support of loved ones. Shumar’s wife’s trust and belief in him gave him the confidence to recover and succeed in the market.
- 🌟 Success in the market requires a combination of investing and trading skills. Shumar’s transition from a healthcare BPO director to a full-time trader showcases the importance of pursuing one’s passion and goals.