I feel bad to see these kind of msgs.
This came from my school friend who had already sufferred losses in cash. He entered on Thursday near closing. And didnt keep any stoploss.He said he he didnt keep sl as last time market went in his favor after hitting sl.

I asked him did you do any study b4 entering position. He said he had attended one workshop on Future and Options. I told him
It took you several year to be Engineer and Get High Paying Job.
How you expect to be Successful Trader just by Attending some workshop.

His wife is Jobless and they are looking for icome from home.
He is also fade up of his Job.
And thinks he can earn through trading. Be their own Boss.

I told him look this looks fancy from outside but it has lot of risk and emotional rollar coaster.

I told him
Forget profit for 1st 3 years.
Even if you attend my worshop.
U will get just some guidance.
But profits will come only after few years of practical experience.

Have adviced him to look for some freelancing Job for his wife.
Told him to strictly avoid FNO and try your luck in Cash

After Learning
#TechnicalAnalysis and #riskmanagement

Share this thread for benefit of trading community.

Help new traders Investors who entered post March.
To know the reality of this Fancy World.