In this conversation with Rajendra Paliwal, we discuss how he turned his Rs.10,000 into Rs.4 crore with Intraday Trading. He started investing in his 20’s which helped him to learn from his mistakes early on.
He has shared four things which he looks for intraday trading. These are:
-Options Data: Call and Put Writing
-Price Action: Previous Week/Month Highs and Lows
-Screen Reading: Sustaining above/below last 15 minutes price
-Trading psychology: What are other players likely to do at a particular price
He has also shared his technique of selecting stocks for intraday trading. His advice for young traders is to start with small capital and maintain a risk to reward ratio of 1:3 for each trade.
So, if you want to learn the nuances of day trading for a living then you must watch this episode without fail.
About Rajendra Paliwal:
Rajendra Paliwal is a young and passionate day trader and a tax consultant. He started trading in 2009… after listening to stories of his friends and relatives making money in the Stock Market.
He started with a small capital of Rs.10,000…and trade only in the cash market. Because of limited capital, he was not able to bet on many opportunities…but later he came to know about leverage and margins which opened his boundaries.
He participated in Indian Trading League which was India’s first stock market league organized by Samco Securities…and won 2nd prize in the Monthly Student league by making 480% returns within a month
His constant effort and dedication to win in the markets helped him turn his small capital of Rs.10,000 to Rs.4 Crore in 7 years. He considers market veteran Anil Singhvi as his guru. He likes to travel with his friends and family.
0:00 About Rajendra Paliwal
1:56 How Rajendra decide to make his career in the #stockmarket
3:30 Advantage of trading in cash derivative market
4:53 How Rajendra’s family reacted
6:50 How Rajendra grew his trading capital
7:50 One thing Rajendra learned in his learning phase
8:50 How Indian Trading League (An initiative by Samco) changed Rajendra’s life
10:29 Things to look at while doing #DayTrading
11:27 How to Select stock for #trading
12:20 Number of stocks one should keep on the radar
13:29 Options Data Analyses
15:24 Example of Call and Put Data Analyses
16:23 What is Short-covering
17:16 How to do screen reading
18:06 Price action analyses
19:53 Things to look at while taking contra trade
20:42 Best time to take a trading position
21:43 How to analyse Trading Physiology
25:53 Advice for new traders
27:00 Guru of Rajendra Paliwal
27:34 Happiest day of Rajendra
28:35 Life lesson of Rajendra Paliwal
29:36 Highlights of Episode
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About #TheRightChoicesShow :
The Right Choices with Oracles of Dalal Street is hosted by Apurva Sheth. He is the Chief Markets Editor at Samco. He has more than 11 years of experience in financial markets.
Our show focuses on curating actionable and insightful strategies from real-world stock market heroes. Our guests have been successful in markets and are willing to share their insights with you.
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