Psychology of Option Trading Book

Usually, its a common tendency for anyone to want to achieve everything without putting much effort. Due to this tendency, people often venture into the stock market without reading any books or putting in the hard work. They rely on hearsay and the advice of friends and end up losing their entire savings and then curse the stock market, options trading and future trading throughout their lives. In options trading, people can make money ten times faster as compared to buying and selling ordinary shares. Conversely its also true that people can lose money just as fast. Don't consider trading as a guaranteed return investment like a bank FD. Investment and trading are two different principles. In trading, there can be both profit and loss; therefore, in the initial chapters of this book, you will find the explanation of the principles of options trading and the importance of mental maturity and managing position size. These principles are an essential part of the book. is expected that the reader would first acquire sufficient mental maturity for trading by reading(this book) and following the intel chapters carefully and then ensure that the number of positions he/she takes are as perthe position size. They should avoid being greedy and taking narrow positions under any circumstances. The principles explained in this book should be practiced through paper trading(simulated trading without involving real money) for at least a month to gain experience.This is a practical book on an important component of the stock market, ie., Options trading.