This Option Buyer Lost ₹2.5 Lakhs in a Single Day | Big Bull Podcast Ep - 71

In the 71st Episode of Big Bull Podcast Series, meet Mr. Vivek, an Options Buyer. His journey from an engineering background to becoming a full-time trader is an inspiring tale of determination, learning, and resilience. In this captivating video, we delve into the insightful podcast with Mr. Vivek tells about various aspects of trading, mindset, challenges faced, and lessons learned along the way. The podcast starts with Mr. Vivek introducing himself as an ex-IIT, NIT with a strong engineering background who transitioned into full-time trading over the last 3-4 years. This sets the stage for an intriguing exploration of his journey. Mr. Vivek shares his initial experience of starting slowly in trading while juggling a job. However, as he transitioned into full-time trading, he found more time and became an official buyer, a relatively less common role nowadays. The podcast highlights how he focused on momentum-based trading, where 70% of his profits are derived. He explains his strategy of observing support and resistance levels, looking for bullish or bearish patterns, and making trades based on momentum. The discussion then delves into timeframing in trades, especially in momentum trades where quick decisions are crucial. Mr. Vivek emphasises the importance of swift actions in momentum trades compared to the patience required in price action-based trades. He shares insights on how he increases position sizing during favourable momentum while remaining cautious of false alarms and maintaining a dynamic mindset in option buying. The podcast shifts towards Mr. Vivek's journey of gaining confidence in trading. He reflects on the initial phases of overconfidence and euphoria, leading to a significant loss in a single day. This experience taught him valuable lessons about not taking revenge trades and respecting the market's unpredictability. He discusses how he navigated through these challenges, learned from mistakes, and improved his mindset and risk management strategies. Mr. Vivek shares insights into his learning process, including studying from sources like Varsity and YouTube videos, gaining knowledge, and gradually transitioning into trading with small capital. He discusses the importance of learning from market behaviour rather than blindly following strategies, especially those promoted on social media. The conversation emphasises the need for a logical approach, understanding market levels, fundamentals, and avoiding strategies that lack a solid rationale. The dialogue dives deep into risk management, mindset, and the emotional aspects of trading. Mr. Vivek shares how he managed to recover from losses, maintained discipline, and focused on generating consistent profits rather than chasing big wins. He discusses the psychological challenges of trading, such as overconfidence, revenge trading, and the importance of respecting the market's dynamic In conclusion, Mr. Vivek's journey offers valuable insights and takeaways for aspiring traders. His experience highlights the importance of patience, continuous learning, risk management, and maintaining a logical approach in trading. The podcast encapsulates the challenges, triumphs, and growth experienced by traders on their journey towards financial independence and success in the dynamic world of trading. Verified Pnl : https://console.zerodha.com/verified/... Do you want to get featured in our stock market podcast series? Fill this form to get a call from us: https://forms.gle/jMC9iJW1g4cGkjZw8 Follow us on Social Media Handles: Instagram - https://bit.ly/adb_insta Twitter- https://bit.ly/adb_twt LinkedIn- https://bit.ly/adb_linkdin 🎧 Listen to Our Podcast on Spotify: https://spoti.fi/3JnpmSQ 🎥Subscribe to our Aseem Juneja Channel: / @aseemjuneja 🎥Subscribe to our Stock Market Learning Channel: / @stockpathshalaofficial Install our Stock Pathshala App: https://play.google.com/store/apps/de... ✅Visit Our Website https://www.adigitalblogger.com/ ✅Visit our Hindi Website https://hindi.adigitalblogger.com 00:00 Introduction 01:31 Starting Slowly and Learning 05:30 Importance of patience and observation in trading decisions 10:31 Overcoming Challenges and Mindset Shift 16:23 Learning from losses and maintaining a dynamic mindset. 21:35 Importance of risk management, position sizing, and respecting the market 26:30 Lessons Learned and Professional Growth 33:10 Insights into Trading Strategies 41:55 Thoughts and explaining learning strategies 52:50 His frequency off losses Increases 58:14 Why has he not raised his Capital Size in Trading? 1:10:10 What he thinks about his future after Trading?