BE PREPARE PSYCHOLOGICALLY WHILE DOING OPTIONS TRADING.
1.SELECT THE CONTRACT WITH PREDEFINED ENTRY AND EXITS.
Ex: If you want trade 1 lot 5000put July contract be prepare entry is 54 and exit 60 and stop loss is 50
that's it
ONCE YOU FIX THE ENTRY AND EXIT LEVELS STICK TO YOUR DECISION.
2. ACCEPT LOSSES.
Nobody is ready to accept their mistakes in this world. due to this reason most of the traders
loose their hard earned money in money market.
TRUST YOURSELF HONESTLY AT THE SAME TIME ACCEPT YOUR MISTAKES
(LOSSES)HONESTLY.IT SAVES YOUR MONEY A LOT.
3.YOU CAN LOOSE ALL YOUR MONEY.
Yes even single mistake enough to vanish your money in options trading.
News based or experts tips based trades are very dangerous.
YES IT HAPPENS IF YOU DO NOT PUT STOP LOSS CALLED BLIND TRADING.
PUT STOP LOSS TO PROTECT YOUR CAPITAL AND TRIM YOUR LOSSES IS
THE TOP SECRET.
4. DO NOT FOLLOW EXPERTS TIPS.
Now A days it become a fashion to having website and starting stock market tips business.
NOTE: MOST OF THE EXPERTS WHO EXPRESS THEIR VIEWS IN TV OR WEB
MEDIA THEY SAID THEY DO NOT HAVE PERSONAL POSITIONS OF THEIR
TIPS BUT THEY RECOMMEND TO THEIR CLIENTS.
5. LITTLE KNOWLEDGE IS MORE DANGEROUS.
Yes start trading after learning essential knowledge on options trading.
other wise your boat will sink in middle of the sea.
LEARN LIKE A KID EARN LIKE A CHAMP.
6. LEARNING SOURCES FOR OPTIONS TRADING IN INDIAN STOCK MARKET.