Zerodha co-founder Nithin Kamath’s guide to ‘being a successful trader’

New Delhi,UPDATED: Apr 26, 2024 17:28 IST

Zerodha co-founder Nithin Kamath shared valuable insights about trading, emphasising the challenges and risks involved in the pursuit of quick profits. Kamath’s post on X about being a ‘successful trader’ details the importance of surviving tough days and acknowledges that active trading is perhaps the toughest path to easy money in life.

In his post, Kamath highlighted the phenomenon of sudden spikes in option prices on expiry days over the past year, which often catches traders off guard. This observation underscores the unpredictable nature of financial markets and the need for traders to remain vigilant and adaptable.

“I've said it earlier, trading actively is the toughest way to make easy money in life. The trick to being a successful trader is to survive the bad days. Over the past year or so, there have been sudden spikes in option prices on expiry days, and traders keep getting caught off guard,” reads the caption.

See the post:

Kamath's remarks resonated with many users, who chimed in with their own perspectives on earning extra income. Some cautioned against chasing quick money, pointing out the importance of patience and prudent decision-making in financial endeavours.

This isn't the first time Kamath has addressed the challenges of trading. He discussed how bear markets can be ferocious and cautioned traders against being swayed by the seemingly profitable experiences of others shared on social media.