In the fast-paced world of Futures and Options (F&O) trading, losses are often attributed to a myriad of factors, from emotional decision-making to the allure of quick riches. Recognizing these pitfalls and adopting strategies for safeguarding your investments is crucial for success in this volatile market.
6 Reasons Why Traders don’t make Money
1. The Lure of Quick Riches
Coming into the market expecting to double or triple your money quickly is a dangerous mindset. It's easy to get caught up in stories of big wins and start dreaming of making it big yourself. It pushes you to take risks that aren't worth it.