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Option Trading and You

This is what happens (misery of mind) when you do options trading.

  1. One of your friends or colleagues tells you about options trading.
  2. They show you how they earn a few thousand rupees in a span of a few minutes.
  3. What they do not tell you is the amount of money they have already lost.
  4. You start thinking, why the hell am I putting so much effort into my work to earn a pity salary?
  5. This is where you try to experiment with options trading with your money.
  6. And the misery starts.
  7. You start tracking the market movements every second.
  8. You stop doing work until the time markets are closed or you have squared your position with a loss.
  9. Because with a gain, you will again try.
  10. The misery does not end here. If you keep your positions overnight, you start tracking US markets too.
  11. The very first thing, you do in the morning is to check US markets and see how Gift Nifty is behaving
  12. If the Gift Nifty derivatives are as per your expectations, you take a sigh of relief.
  13. If the Gift Nifty derivatives are not as per your expectations, you start checking the other world markets.
  14. If the other world markets are also not behaving as per your expectations, you start hoping that they will go down, as there are still a few hours left for markets to open.
  15. Ultimately, all expectations go down the hill, and you square off your positions at a loss.
  16. You take a vow that you will never do it again, but let me cover my losses first.
  17. And when you try to cover your losses, you start losing more and the story continues.
  18. What do you think you are losing here- Only money? The answer is No. You are losing your peace of mind.
  19. Even if you are earning money, you are losing peace of mind by tracking it every second.
  20. The whole concept of money is to give you peace of mind and not to take it away.
  21. As per SEBI, 90% of the customers lose money in the equity futures and options segment.

What makes you think that you will earn it with peace of mind? Please share your views.

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