Learn the basics of stocks, indices, and market terminology
Understand what futures and options are
Study option types: call, put, in-the-money, at-the-money, out-of-the-money
Learn key concepts: strike price, expiry, premium, lot size, intrinsic value, time value
Understand futures contracts, margin, leverage, and mark-to-market
Learn option Greeks: delta, gamma, theta, vega, rho
Study payoff charts for buying and selling calls and puts
Learn common strategies: covered call, protective put, straddle, strangle, spread strategies
Understand risk management and position sizing
Practice reading charts, trends, support, and resistance
Learn volatility and its impact on options pricing
Study open interest, volume, and option chain analysis
Start with paper trading or a demo account
Track every trade in a journal
Learn how to calculate profit, loss, brokerage, taxes, and charges
Follow strict stop-loss and target rules
Avoid overleveraging and excessive trading
Begin with small capital
Review mistakes regularly and improve your process
Learn from reliable books, courses, and market data
Stay updated with market news, events, and earnings
Follow exchange rules and regulatory guidelines
Be disciplined and patient
Focus on consistency before scaling up