Options Training Session 1: 5 Option Trading Tips that Stock Market Courses Don’t Ever Teach

One question every Stock Market aspirant always ask is, Can You teach, How to trade stock options for beginners?

Options Training not only Includes Just Teaching How to Trade Options in India, but should mainly cover Options Trading Mindset. How to get the Trading Mindset an Options Trader Needs?
A.) Practice.

So Get ready to take a Roller Coaster ride in the Options Trading sessions for Beginners with me Nifty Options Training Coach Ashok Kumar N Rao.

Here is the Video of the Post Below. You may opt to watch the video or Read the Post.

What’s Needed to Trade in Nifty Options in India?

1. Options Trading Knowledge which includes Technical Analysis, Strategies, Risk Management and Entry-Exit Levels. 
2. Good Trading Account with Low Brokerage for Options Trading.
3. Good Trading Software for good technical charts.
4. Time of at least an hour per day to trade.
5. A Gooooooood Mentor for Your Options Training Journey.

1.) Options Trading Knowledge which includes Technical Analysis, Strategies, Risk Management and Entry-Exit Levels. 

1. Nifty Options Trading is a Rough Tide if traded without knowledge.
2. Technical Analysis is the basis to trade in Nifty Options.
3. You need a Very Very Very Good Risk Manager in You. If you take care of the Risk , rewards will chase you without doubt.
4. Before the entry in Nifty Options, you need to know the Risk to Reward and Exit level Before the Entry and exact Entry level (which is what gives us an upper hand to make money).

 

2. Good Trading Account with Low Brokerage for Options Trading.

There are many good brokers in India Today
BN.Rathi Securities – ₹10/Lot Buy and ₹10/Lot Sell no matter of lot size. Also has unlimited trading options.
Upstox and Zerodha – ₹20/ Lot Buy and ₹20/Lot Sell.

 

3. Good Trading Software for good technical charts.

Many Good Options of Options Trading Accounts are available in the Market.
ShareKhan – Has the best charts in the class of free software.
IIFL – Has the second best software in Free software with account category.
Zerodha Kyte – Though heard some complaints it hangs in between, its one of the best in the class.
Fyers – As I’ve seen, offers a decent charting software with the account.

 

4. Time of at least an hour per day to trade.

1. As the Experienced say, “PRACTICE MAKES THE MAN PERFECT”, you practice till we become so easy going.
2. In psychology, there is a norm to create a HABIT. A HABIT is created when you do the same task repetitively for 21 Days.
3. Practice until its concrete in your Sub Conscious mind.
4. Considering my example, Driving a Car.
   First Day, You’ll learn how to start and move in idling.
   Next Few Days, You’ll learn how to start, idling move and apply gear.
   Further Days, Start, Clutch, Break, Apply Gear, Accelerate, Press Clutch, Change Gears, Accelaerate, Stop.
   At the Beginning you will look at the Gear Shaft to shift, at the end, by your hand placement on the shifter, you know its in 5th Gear or 6th Gear.
   Same way We practice and get perfection.

 

5. A good mentor is a Key in Your Options Trading Journey 

1. Even Now after 12 Years of Experience in Trading, I go back to my Mentor.
2. My then Mentor, Dr. Sam Hooda said, Find a Good Mentor and Do whatever he says to Succeed.
3. So Find Yourself a Good Mentor.
4. Akshara Matram Kalisidavam Guru – A person who taught You even a letter, is a Guru. Be humble, be an open fist. You never know, what a small kid can teach you one day.
5. A good mentor is a Make or Break in this Trading Journey.
6. There will be Ekalavyas of the World, but not everyone can be One.
7. My Mentor said, if you’ve to learn something fast, go to the person with atmost knowledge in the field and Learn from Him.

If You Like the Video, please Share the Post for the Needy.