Dear Friends,

My Heartfelt thanks to all the kind souls who reached out via phone, WhatsApp, and Messenger to check on my well-being!

Since last June, I have been engaged in a practical trading session. Throughout the process, I kept detailed notes on the events and observations of my daily trading activities.

I have documented the reasons why people often fail in options trading, as well as my own approach and performance; please feel free to read it if you are interested.

To effectively convey a concept to others, one must possess expertise in that area.

I firmly believe that only someone who has actually scaled Mount Everest can guide others to the summit.

There are many people here writing about trading strategies and technical analysis, but very few discuss trade psychology, trading discipline, or mental health.

While contemplating how to address this, an idea occurred to me. That idea was:

1. To use Only one trade per day.
2. Use a capital of only ₹15,000 per trade.
3. Maximum risk of 2% per trade.
4. Carry forward a trade only if the setup is rock solid. 
5. Mandatory stop-loss to be in place always and set a target setting.
6. Never alter the stop-loss or target for any reason for your own interest.
7. Maintain daily notes on the trading setups used to review and learn.
8. Trade with minimum lot with your own risk appetite.  

The Key points to consider:

1. Do not feel compelled to trade every single day and expect profit.
2. Just set a realistic goal for yourself and remained always disciplined and in control while pursuing it.
3. On one occasion, I violated my discipline by moving my Stop Loss (SL); consequently, a loss that should have been capped at ₹1,800 ballooned to ₹2,800.
4. If a trade taken based on a solid setup results in a loss, it isn't truly a loss (in the strategic sense). Alternatively if a trade taken without a setup yields a profit, it isn't truly a profit.
5. Can you able to consistently execute trades using your own setup?
6. Can you able to continue trading without fear even after suffering two consecutive losses following a profit?
7. It was my three winning trades that saved me from the losses incurred on other days; therefore, when your setup presents itself, you must execute the trade—hesitation prevents success.
8. Trading does not guarantee a continuous winning streak always. Profits and losses will inevitably alternate. Make sure Profits> Losses.
9. Without proper risk management, your capital will be wiped out. That is certain for sure!

If you can able to  generate a 10% return on your investment using a single lot, then you need to maintain that same discipline and practice for you to achieve a 10% return regardless of the capital invested.

This month's challenge is currently underway;

I will try to post a video about it if possible.

If you understood and appreciated the points I shared, please share them with your friends as well. 

My goal is not to instill blind faith in option trading always, but to demonstrate that with the right strategies and discipline—you too can make a profit.

Thank you!