Welcome to India's fast-paced financial markets, where option trading is both a strategic game and an artistic work. Learning the complexities of option trading in a single day may appear to be an unrealistic goal, but it's not impossible to reach.
You may enhance your understanding and implementation of options trading with the right tools and guidance. We'll walk you through a step-by-step approach in this detailed tutorial to help you get started with option trading quickly.
We'll also introduce you to the excellent resources provided by TradePik Academy to help you achieve your goal of learning option trading in 1 day.
How to learn Option trading
Before we proceed to the next level, it is critical to understand the steps you must take if you want to master option trading.
Step 1: Learn the basics
Like any other business, option trading is also a business where you need to learn the basics of options trading. Basics like Option pricing and what are the factors that influence option pricing.
Step 2: Right strategy and tools
Like any other business, option trading also required a proper strategy, timely monitoring of market and a proper recovery plan if anything goes wrong or situations goes against you.
In the next section we will discuss more about the above 2 steps.
Step 1 - Building a Solid Foundation
The first step to learning option trading is to build a strong foundation. TradePik Academy's free basic option trading course is the perfect place to start. This comprehensive course covers all the essential concepts, strategies, and terminology you need to know, including:
- What is option trading?
- Types of options contracts
- Option chain
- Strike price
- Expiry date
- In-the-money, out-of-the-money, and at-the-money options
- Option Greeks
- Option pricing
- Intrinsic Value & Time Value
- Implied Volatility etc..
The free basic course is taught by Sachin Sival, an experienced Indian derivative trader with over 12 years of experience. Sachin's teaching style is clear and concise, and he makes complex concepts easy to understand.
By the end of the free basic course, you'll have a solid understanding of the basics of option trading and be ready to take the next step.
Real-Life Example - Learning to Ride a Bicycle
Think of this basic course as akin to the initial experience of learning to ride a bicycle. Just as you must master the basics of balancing and pedaling before tackling more challenging terrains, understanding essential concepts and terminology is crucial before you dive into live trading.
Step 2 - Elevating Your Expertise
Once you've mastered the basics, it's time to take your expertise to the next level with right strategies and tools.
As you knew that in option trading there is a learning curve. You need to gain the experience to succeed in the field of option trading.
We will undoubtedly make mistakes in the beginning, and those mistakes will be quite costly if we trade without any proven strategy or tool.
So to make your journey more valuable, we have introduced a basket of option strategies in Nifty and BankNifty for Intraday.
This premium basket provides you with access to a comprehensive suite of advanced intraday option trading strategies that have been proven to generate consistent profits.
In addition to the advanced strategies, the premium basket also includes a number of other valuable resources, such as:
- A comprehensive trading guide that covers all steps like entry, exit, strike selection, Stop loss and Targets.
- We will guide you which tools you can use to automate these strategies so that you can focus on your learning without any worry of the execution.
- Access to a supportive community of fellow traders
- Query solving by me (Sachin Sival) during live market.
With TradePik Academy's premium intraday option strategies basket, you'll have the knowledge, tools, and support you need to succeed as an option trader.
Real-Life Example - Upgrading to a Sports Car
Imagine transitioning from a regular car to a high-performance sports car. This upgrade signifies a shift from basic to advanced strategies. With TradePik's premium strategies, you'll have the horsepower you need to outperform other traders, just as a sports car outpaces regular vehicles.
In conclusion, mastering the fundamentals of option trading in one day is an ambitious endeavor, but it's feasible with the right resources and guidance. TradePik Academy, under the expert tutelage of Sachin Sival, an Indian Derivative Trader with over 12 years of experience, offers a seamless learning experience.
Don't delay any longer. Begin your journey into the exhilarating world of option trading with TradePik Academy and Sachin Sival as your mentor. Your future as a successful Indian options trader begins here. Sign up now and fast-track your option trading journey with TradePik Academy. This is your opportunity to gain the knowledge and skills necessary to excel in the dynamic world of Indian options trading. Your future success starts today!