What are your best lessons from the stock market?

Lessons from the market:

1. Stress adjusted returns as a philosophy works best. Risk is misunderstood by most and people lose the shirts off their back chasing alpha. Only bite as much as you can chew.

2. If you don't bring significant heft to your investments, even multi-baggers can't move the needle. Play big or go home.

3. In addition to 2, concentrated bets work best.

4. Always always have an advisor. If not for the actual advice, atleast for an alternate PoV and a sounding board.

5. Time in the market is absolutely vital. Accumulation of corpus in the early years is underrated and needs to be understood and executed better by people investing for the first 10Y.

I started my first job as a Quant in F&O trading and used to occasionally come upon the financials, settlements and charges. Realized that profits aren't meaningful unless we have a high capital and I can never supplement F&O as a passive income because it needs huge effort and is time sensitive. So I have never traded on my own money, only on client's money.

1. Regarding trading, as a beginner, focus and trade on very few scripts (5-8). Else you will spread yourself too thin, burnout without learning anything.
2. Own a philosophy, either strategize to earn small regularly or win very big during events. In any case, need to have risk framework well built. Use spreads instead of naked positions, this helps in diversification.
3. I am biased towards mean reversion, but that requires patience. Momentum is frequent to trade. Have calculated exposure to both themes.

Don't open account with zerodha

"I have since left F&O, I have found better use of my time elsewhere" --- Can you mention what that is?

Don't do more than 40x leverage on trades xd