Zerodha co-founder Nithin Kamath said that the trick to becoming a successful trader was to survive the tough days and admitted that trading actively was hardest way to make easy money in life.
Writing on X (formerly Twitter) on Wednesday, Kamath said that there had been "sudden spikes" in option prices on expiry days in the last 12 months or more and traders have been continuously caught off guard.
"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," he wrote on the social media platform.
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…
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— Nithin Kamath (@Nithin0dha) April 24, 2024
"The quickest way to double your money is to fold it and put it back into your pocket. Chasing quick money is the surest way of losing money quickly," one user wrote.
"True that, trading without fundamentals and enough background check is super risky," another user wrote.
This, however, is not the first instance where Kamath has spoken about how hard it is to make money through trading. In 2022, he had taken to X (formerly Twitter) to share how bear markets can be "ferocious" and for a majority of traders living in the social media bubble, it should feel like everyone except the person was having a profitable time while trading the markets.
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