Sharing my experience after a little more than a month in F&O

Before anyone asks, my net PNL is between -65k to -70k. I have a risk appetite for ~2 lakhs loss.

My learnings

1. Sell options when you're slightly bearish or bullish

2. Buy options when you have a strong conviction for a direction, much much better returns than selling.

3. Use futures if you want to take a positional stand. They're much less volatile than option.

4. Don't identify yourself as just an options buyer or an option seller, use everything that's available to you.

5. Don't trade with money you can't afford to loose. Even after my current PNL I'm not panicking because it is within my risk appetite. Identify your appetite, stick to it.