In the world of options trading, your psychology matters more than your strategy. No amount of technical knowledge can save a trader who loses emotional balance during volatile moves. Here's a ₹25,000 worth summary of options trading wisdom — a one-pager that deserves a place on your desk or wall.
The Option Trader's Thumb Rule Book:
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Avoid far OTM trades. They look cheap but carry low probability of success.
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Never put all your capital in one setup. Diversify across trades and timeframes.
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Look for both direction and speed. Momentum is your true edge.
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Set deeper stop-losses in volatile markets. Machines and funds often trigger small SLs — avoid 'death by a thousand cuts'.
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Judge your performance over a large sample size. Evaluate after 100+ trades, not 5 or 10.
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Protect capital the moment you see a decent profit. Move SL to cost — a flat trade is better than a losing one.
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Eliminate greed and fear. The market will give infinite opportunities; don't get attached to any single trade.
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Trade with equanimity. Whether your last trade was a win or a loss, stay emotionally neutral.
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Accept losses gracefully. Step away, relax, breathe, and recharge. Even the best traders lose.
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Take care of your body. Eat clean protein daily. If sleep is an issue, try natural Melatonin + L-Theanine supplements.
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Let winners run. Use a trailing stop-loss (TSL) to ride strong moves while locking in gains.
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Don't trade every day. Wait for the best setups each month and strike decisively.
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Choose your battles wisely. Trading options isn't mandatory. If it doesn't suit you — it's perfectly fine to step away.
Final Thought:
In the high-speed world of options, your discipline, patience, and self-control define your profit curve. Remember — trading is not about predicting the future, it's about managing your behavior in the present.
