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Nithin Kamath, Zerodha co-founder and Chief Executive Officer (CEO), said that the trick to becoming a successful trader was to survive the tough days and admitted that trading actively was the hardest way to make easy money in life.
"One way to ensure you don't lose money due to volatility is to trade fully hedged options strategies, such as spreads," Nithin Kamath mentioned.
Kamath also reposted a message from Sensibull, an options trading platform owned by Zerodha, aimed at assisting traders in grasping the concept of spreads. Here is a brief overview of its post -
So how does one stay put without losing his shirt? "One way to ensure you don't lose money due to volatility is to trade fully hedged options strategies, such as spreads," says Kamath.
The momentum indicator MACD for Axis Bank has also turned bearish, which indicates that in the short term, the trend will likely remain bearish