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Siva's Scalping Principles | Scalping Strategies
Top 3 pieces of advice from an experienced scalper →
Hey there!
Today we’ll discuss expert scalper Sivakumar Jayachandran’s top 3 principles for successful scalping. But first, a little on Sivakumar…
Sivakumar Jayachandran (also known as Siva), has 15+ years of experience in options trading, being one of the few traders to generate consistent returns as an options buyer using his unique scalping strategy. He is the founder of OI Pulse, a tool that helps traders identify the right trading opportunities by analyzing multiple variables simultaneously.
📌 Siva’s Scalping Principles
1. The 1% Rule
Siva’s 1% rule is about making consistent intraday profits and avoiding revenge trading. The idea is to exit your positions after making a 1% return daily, not more than that. Though 1% may look like a small amount, a daily intraday return of 1% can double your capital within 5 months. One of the biggest mistakes many novice traders make is that they try to maximize their profits every single day. Wanting more & more is a recipe for disaster.
2. Using the Previous Day’s Profit as Stop Loss
Another clever strategy is that Siva uses the previous day’s profit as a stop loss for the current day. If he made ₹1 lakh the previous day, he would set his stop loss at ₹1 lakh on the current day. The idea is to not risk one’s capital, to prevent revenge trading.
3. Splitting Your Capital
Finally, Siva does not put all his eggs in one basket. He splits his capital into 5 different accounts. After making money in one account, he closes it and moves on to the next one, thinking that he’s starting the day afresh. This helps him protect his profit. Owing to this risk management strategy, Siva can generate a 15% ROI consistently every month.
To summarize,
😍 Something exciting coming up with Siva
We have something interesting coming up with Siva very soon, especially for those interested in scalping 🔥
Until then, check out our range of trading and investing courses. Use NL30 at checkout for an additional 30% discount👇️
None of the above stock ideas are intended as recommendations. Please consult a registered advisor before buying/selling.
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