Why do you buy the stock exchange? To make earnings, isn’t it? 4 years earlier, when Jitendra Jain began alternatives trading, he too was driven by the greed element that makes Dalal Street overcrowded with ratings of young ‘Khatron ke Khiladi’ for whom making fast cash is no less than a video game. Things altered after he suffered a loss of Rs 19 lakh in2019 Ever since, the Mumbai-based seller in Nifty and Bank Nifty alternatives who runs Scalium Invest with 4 other partners has an easy trading mantra – Be scared and not greedy. “I relocated to the risk-first technique from the return-first technique. From that day, I trade with optimal loss in mind. If the optimal loss hits, I leave,” states Jain. The 43- year-old algo trader is a mechanical engineer by training who ran an effective digital marketing organization prior to getting drew to the world of choices trading. Modified excerpts from a chat with Jitendra Jain: What brought you to the stock exchange from digital marketing? Was it the desire to make more cash or you were not enjoying your work? My brother-in-law informed me about alternatives trading 4 years back. He revealed me how he was succeeding by utilizing covered calls. I got captivated and found out about it. I liked the mathematics part about it. After seeing some trade videos, I discovered the fundamentals and started. I was enjoying my work, however this looked more intriguing. It was the greed aspect that informed me that I might make more. The variable pay made it like a video game. How did
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ETMarkets Trade Talk|Greed vs worry lesson from Mumbai’s leading choices trader Jitendra Jain
