The day I stopped trading in options my profitability increased. The above reports are F& O. Mostly Futures. In Feb I lost about 20k in options selling.
Now options trading is less than 1% of over all trading. The amount lost in Options is more than two lakhs.
It is better to completely avoid trading options.
At the start we start with low capital and end up trading options.
My profitability in equities trading is more than 90%
And in futures it is neutral as of now.
New traders should stick to equities. This will have less fear factor. I prefer to trade in India focussed consumption stocks.
Does not listen to Market Analysts on media. Mostly read scrolling news about market.
I use F & O data to find direction and strength.
I Keep 30% cash always in account and 30-50% cash used for equities positional trading and remaining for trading in futures positional and intraday. Reduce exposure in futures positions when India VIX goes above 14.
I don’t use stop loss and mostly go long on dips in futures.
I learned that positional futures trading is better than intraday.
I wanted to share my experience so far so that you can benefit from it.
My target of earning one Lakh per month is achieved with in two years.
Thanks to ZERODHA for the support and low brokerage. Low brokerage is also one of the reasons for better profitability.