Should i quit my job?
Hi all, I've been consistently made profits from options trading, earning ~1.5 lakh INR per month with a 20 lakh INR capital. Considering quitting day job due to success and time commitment. Experienced one bad week but recovered. CTC: 26lpa
Bhai please sikha de. Thoda sa. Monthly 5k profit bhi chalega mujhe. Plis bhai
Don't fall for it, OP is likely deluding themselves by considering luck as skill. Options trading as a retail investor is as close to gambling as you can get, don't look at anecdotal bhai, chacha or xyz youtuber/grapeviner who got rich off of it.
Hey jimi, definetly this is gambling. I am not deluding myself. My philosophy is what Abid Hassan (check on YT) pitches. Just following big guys trades'. Also note that the capital I have, I just earn 7 odd percent in month.
Job Market is bad , I am facing hard time getting any clients or offer. Don't unnecessary risk it for mediocre gain.
just tell us, how did you learn ? Any courses ?
I started with absolutely the stupidest things - buying options based on well known research analysts.
Did courses that teached basics. Learnt a lot by losing a lot. Option decays, Greeks and all. Gained a lot (40k in a day). And then I lost a lot (100k in a day). These learnings made me stop. That was during March last year.
Last September started selling options and hedged it always. Its not green always, red bunch of times. Always tried and learnt a lot. Every win and loss teaches something. More I learn more I know nothing
If learning costs this much then better to do virtual trading ?
See if you can automate what you are doing. 1.5 lakh in a high risk environment is not something you should fall back on as permanent income unless you are confident about family backing. Your income will grow in your "permanent" job with low risk. Same is not the case with options trading (high risk).
Automation is risky. Cannot trust code or automated logic to work during high volatility sessions
Decision making: -> Build a worst case scenario. -> divide your cap into: trading cap + runway cap -> Have a 12-24 month runway which you won't touch even if all your trading cap is gone (in worst case) -> if you can sail through the 24 month mark without taking a hit on your personal needs/standards && -> if you have little to no obligations.
So if you see yourself sailing through the worst case without little to no problems then yeah, it's definitely worth the shot!
What do you mean by consistency? How many months you have done it? At this rate you can double your capital after expenses and taxes so you will have 6+ crores at end of 5 years. I am sure you don't even understand what you are saying.
Tbh you don’t leave your job there’s nothing much to do in free time anyways.
As a quant till now I’ve made substantial money trading perps.
I still continue my hustle as developer and marketer.
Also after a point you might hit a rock bottom due to non-interaction with people.
If you’re young then will suggest you not to leave your job even I’m like 25ish and it gives me a chance to meet new people everyday. If you’re old you and are settled married etc it’s good you can leave
If you are free to work and have automated your strategies I’m hiring for quants. I run a hedge fund and VC and need some extra hands with risk management
Hi ,I have excellent knowledge of stocks market and nifty and banknifty index been trading from past 2 years
Can you give me a chance to interview or you can ingeneral question me on anything and I would be happy to answer
One black swan event, your capital will be wiped out. Continue your job while trading.
Demonstrate this over multiple market cycles and then think of quitting
If u don’t have debt, sure quit the job
