1.Data only works here , you are not entering a casino , this is purely a number game , hence from day 1 , trust the data & believe the process
2.No overnight success story works here , slow & steady only wins the race
3.Paper trading can show bigger picture , but trading on real time only brings out the actual calibre of the trader - when real money is involved
4. Bring the money only that you could afford to lose
5.Never ever , I repeat never ever take a loan on any form & bring money here with a hope , you will be able to repay it seeing the kind of returns options trading generates
6.As you start from std 1 in your school , same way go step by step , as nobody is going to validate your improvement, participate in forums or take help from any successful trader whom you trust & periodically get it verified
7.Most retail traders fail for one reason , they put lot of learnings into head following so many or backtesting a lot of strategies , end up not following 2 to 3 religiously & hence fail big
8.Consistency is the key, so right from day 1, believe it, daily basis after markets, spend 30mins to 60mins , to go through trade by trade to analyze what went right & what went wrong & if need be correct whatever
9.Track your performances , track your achievements , possible do it on a daily basis , it will hardly take time
10.Never trade on the opinion of majority , so start believing yourself & the belief will come within only when your learnings are intact
11.Never keep hopping between telegram channels or social media , take time , validate the person whom you going to follow & once decided follow him for atleast 3 months - too many ideas can only make you a speculator but not a trader
12.Like every business , even trading is a business & it may not be every ones cup of tea , so have a deadline, what if it doesnt work out for me ? Incase if it doesnt work out , whats next ?
13. Put small money though you can invest big . Once you get the grip of the markets its just a matter of scaling up your capital
14. Little drops make an ocean , keep your expectations rational or even small , till ths time you move up the ladder
15.Three to 6 months , make any errors you can forgive yourself
Making money in options trading is not as easy as said but if you get the facts right then minting money is as easy as anything else and remember that we are the best bank nifty option tips provider in India.
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