What is the most important thing to remember when trading options?
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"One day of volatility can make or break a trader"
Options is the most volatile segment.
One day of volatility can make or break a trader.
To trade options, learn to create a state of mind that is not affected by the market’s behavior and the struggle will cease to exist, everything will become easy.
Achieving success in options requires developing a static state of mind that remains unaffected by the unpredictable and often volatile behavior of financial markets. Detaching yourself emotionally from market fluctuations and maintaining a calm and objective mindset, the challenges and struggles associated with options will diminish.
By cultivating such state of mind, you can make rational decisions, remain focused and effectively navigate the complexities of the market. This is the concept of emotional detachment or psychological resilience which can help you avoid impulsive reactions, stick to your trading strategies and approach the markets with a clear and composed perspective.
Credit: Quora