I’ve been thinking about getting into F&O for a while, currently only do equities. been talking to people who trade it actively to understand what I’m getting into before I jump
and one conversation yesterday just stuck with me. my friend who’s been doing F&O for like 2 years was explaining how it works and then kind of went off on a tangent about how he’ll have a plan going into the day and then in the moment something just takes over and he ends up doing the exact opposite of what he told himself he would do. said it happens most when the market is moving fast and he kind of just reacts
honestly this scared me off a little. I was expecting him to talk about strategies and chart patterns, not tell me he can’t trust himself in the moment
is this actually common with F&O? does it get better with experience or is this just something traders live with
Very common. In addition, Jane street tries to play on your emotions and tries to take your money. It’s a ruthless market where the people with big money and experience and the bots take the small guys money. Technically, you should’ve also experienced this in equity intraday trading. To avoid this, I switch to a higher timeframe (like at least 30dte options), avoid weeklies, and more importantly manage risk by manging position size(Don’t be greedy/start very small/hedge properly).