Options Trading is a risky business, a very few actually make money. And a very very few of them make a decent living out of this trading segment.
Meet Charatej, a full-time Options Trader, who pivoted from Scalping even though he was profitable. And he did that for a simple reason. He wanted to leave his job and become a full-time in stock market trading, which he eventually did.
His journey although seems very planned and calculated but as per him, it all looks like that in hindsight and was never really planned. Seems he was just working on the dots and they connected with each other on their own or the universe seemed to have done that for him.
Charantej looked very comfortable in this discussion where we discussed his technical strategy a bit, had a look at his PnL at length. Although, we chose to keep only a portion of that in this video as per his request.
He was very candid and accepting the fact that his driving force has been his wife throughout his journey while he plans to take up a business activity sometime in the future.
In this Podcast, you will get to learn:
- A proper mindset of a trader who takes Stock Market seriously and with respect
- A process with milestones, a single one at any given point in time, rather than aiming at a big goal
- A journey filled with challenges, support system, mistakes and learnings
- A technical set up that he used to use with a smaller capital base
- And a decision of pivoting towards options selling and the rationale behind it. Of course, with the climax on how it worked out for Charantej!
Watch this relatively shorter Big Bull Series Podcast filled with a strong conviction towards a Stock Market Career.
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0:00 Introduction
1:01 Who is Charantej?
2:11 Initial Steps into Stock Market
5:24 Stock Market Mistake
12:25 He got Lucky!
16:22 Trading & Job - Both!
20:03 Glimpse into Scalping Set Up
23:35 Why he left Scalping?
27:15 Risk Reward in his Trades
32:48 His PnL
36:20 Impact of SEBI Options Regulations
40:15 Monthly Returns from Options
43:11 Biggest Loss Seen
45:46 Conclusion