Psychological Killers: FOMO & Revenge
The market is designed to trigger your emotions.
FOMO (Fear Of Missing Out)
You see a big green candle. You think "It's running away!". You buy at the top.
Immediately, it reverses.
Cure: "There will always remain another trade." If you missed the bus, wait for the next stop.
Revenge Trading
You lose ₹5,000. You get angry. "I will recover this right now."
You increase quantity to recover fast.
You lose ₹20,000.
Cure: After a loss, take a 15-minute walk. Or enable Kill Switch on your broker.
*Disclaimer: NSE/BSE frequently revise Lot Sizes and Expiry Days (e.g., SEBI Circulars 2024/2025). Always check the latest circular on nseindia.com before trading.
Standard Disclosure: Investment in securities market are subject to market risks. Read all the related documents carefully before investing. The content provided here is for educational purposes only and does not constitute financial or investment advice. AlgoStraddle Academy is not a SEBI registered investment advisor. Trading options involves high risk and capital can be lost.