Who is P J Lal?

PJ Lal's trading style stands apart from professional licensed traders due to his diverse background and unconventional approach. His journey combines journalism, international trade, and financial markets, resulting in a distinctive trading methodology.

Background and Experience

Journalism Career

• 20 years in daily journalism

• 7 years in news reporting, developing deadline-oriented skills

• 7 years in business journalism, honing historical perspective for market analysis

Merchant-Exporter Experience

• 40 years in trading consumer and industrial goods across Asia

• Developed "Sell First, Buy Later" model, emphasizing adaptability

• Learned risk management through extending unsecured credit

Financial Trading

• 40 years of experience, including private banking and self-directed online trading

• 24 years in electronic trading, starting with US stocks in 1997

• Regular trading since January 2019, using Fund Seeder for analytics

Trading Philosophy and Strategies

Risk Management

• Defines risk in advance, avoiding naked options selling

• Utilizes exchange-provided leverage over broker or bank mortgage

Product Selection

• Focuses on high-momentum instruments with mean reversion tendencies

• Prefers products with high Daily Average Range

Trading Tactics

• Adapts between price following and forecasting based on market conditions

• Specializes in options trading, particularly spreads with defined risk-reward profiles

Innovative Approaches

• Experiments with margin maximization and hedging strategies

• Combines futures, spreads, and options for comprehensive trading solutions

• Recently shifted focus to algorithmic trading ("Plan like a human - Trade like a machine")

Advantages of Independent Trading

• Unrestricted by SFC regulations or institutional guidelines

• Freedom to develop and implement unique trading strategies

• Ability to quickly adapt to market changes and personal insights

PJ Lal's approach to trading reflects a lifetime of diverse experiences, blending traditional business acumen with modern financial techniques. His independent status allows for continuous innovation and adaptation in trading strategies, setting him apart from conventional licensed traders.