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I am also trying to learn option trading, I made 4-5k but also lost 15k. I am finding few courses on Udemy, watching videos on youtube.
Don't do it
Bowl Leader
There are many tutorials on youtube. F&O is extremely risky if you don’t understand it properly. Better to learn first before diving
Don't do option trading. I lost 8 lakh till now.
Community Builder
Well I made more than 150% ROI in the same last 2+ years...
The point is I'm skilled at what I do...
How long have you been in markets?
I personally feel naked Option Trading is very dangerous to Health, Sooner or Later one will realise it.
If you have any hedged strategies it is worth taking a shot 🤝
Yeah option selling and directional works good... Given one knows how to play
Any good telegram channel?
Here are few things I learnt😁
If you are a buyer then you account size be atleast 70k
Trade only one lot and that too pick nifty or niftybank
You should be in and out of trades within 1-2hrs max, i personally get out of trades in 10-20 mins.
Learn technical analysis and price action. This is very important, just reading won't do, you should be able to understand what the hell is happening in the charts. This will happen only when you watch the charts for hours and apply the theory you studied.
Then pick only one strategy starting out, i only pick breakouts because option premium raises very quickly in breakouts.
And SL is very important, but options overreact a lot. Because premium falls sharply aswell. So i set a SL 60 points lower, this is so that if i am not able to react quickly, the sl order will cut the loss, but my mental sl is at 30 points, if i see the trading going wrong, it quick get out of it.
Don't do revenge trading, i normally stop trading when lose 2k in a day. Or six trades per day, if I'm profitable. There were days i have 10k profit and the next few days i end up loosing because i did not book profits at the right time, because i want to make 10k again. This expectations that you will make 10% daily will drive you crazy. You will have to find a balance, something i dont know how to do😅
Options have different behaviour, on Wednesday and Thursday the premium falls quickly, but any sharp move will give you 1x 2x returns. On Friday PPL Take position for the week, and some PPL will not wait till Monday, because anything could happen over weekend. This things can only be learnt buy watching the market daily.
Any gains you make, buy ETF or some thing else or just take it out of the account, if you see 1lpa in you account rather that 70k, you will tend to take bigger trades, and lose your profits, so safeguard your profits by removing them from your account. Once you showing consistency for 2-3 months then you can increase you account size.
Trading especially intraday trading is very stressfull job, when ever I see 60k account i get headache, because I'm thinking i make profitable trades to make up for losses. And so even if i took good trade it get out of it, before the sl is hit and after i get out of it, then the market moves in my direction. This happen a lot when you are weak hearted, so take a break from trading for 2-3 days, don't think about the markets at all. After a break you will find your strength back.
The time of the day you trade also matters, 9:30 10:30 you will have to trade with big sl and the gains made are also proportionally big, but you won't be able to handle the loss properly with such a small account, so trade from 10:30 to 1, you will have enough information to do technical analysis in 5 mins chart.
Previous day high, low , close play as important support and resistance. So generally before breakouts, there will be a consolation happening at these points. There could be a breakout or a reversal. You will be able to understand what will happen if you understand price action.
For BN 39500, 40000 ... Are key levels, big institutions will be trading at these levels only so at they also play as important resistance and support.
Understanding option chain analysis will also help you a lot. For example, at 39500 is broken but the call option writing has not decreased much instead 39600 call writing has increased, the that means there will probably be a reversal, if call option writing is decreasing and 39400 put option is increasing then maybe the up trend will continue.
In conclusion, there are a lot of thing happening behind the scene and it is not easy to interpret and of this data. You will have to focus on one thing at a time and keep on adding new things one by one and slowly you will see that you success rate is increasing. Once you start understand these thing and are mentally strong you can turn 2lpa into 10,20,50lpa, but this will happen only after you train yourself for years.
Treat you losses as a tution fee to learn trading. I have done intraday trading and lost 40k 4 years ago, the again lost a 50k account in options 1 year ago because i dint study about options and blindly entered it. Finally on my third 70k account i have made 35k.
I watched few yt channel, Abhishek kar, pr Sundar and ghansham tech, not for tips but for the pre market analysis and post market analysis. Don't follow any telegram channels who are giving you entry and exits, you won't understand why the are telling to buy and when to get out, when to book profit.
If you have studied and mastered a strategy then you can follow the tips from these PPL, because you will know when to get in, out and set sl. Y i am saying this is there are 100s of stocks and the market is open from 9 to 3:30 so these people at like a screener for me, so i dont have to keep track of the market 24*7.
To learn price action and technical analysis i read al Brooks books.
Hope you find this useful and earn a lot in options trading.
Thanks man♥️
Kuch dino pehle ye mila. Don’t know whether it is real or not. Ye banda to alag hi level par khel raha hai
https://m.youtube.com/c/InvestWithSaurabh
Mene ni try kiya abhi tak. But jo bhi karo chote capital se hi krna. Options are very risky. And avoid naked options at all cost. Strategies ko study kro aur backtest krke hi try krna. Good luck 🤞