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Zerodha's CEO Explains Why Trading Is One Of The Toughest Ways To Make Money Amid Ongoing Volatility

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Leading Indian Financial services company' founder and CEO Nitin Kamath has expressed his views on share market trading amid the ongoing volatility that has been prevailing in the current calendar year. Both the BSE Sensex and NSE Nifty have corrected more than eight percent in the last two months.

 
Zerodha's CEO Explains Why Trading Is One Of The Toughest Ways To Make Money

Ntitn Kamath took to his Twitter handle and in a series of tweets said, "For most traders living in the social media bubble, it must seem like everyone except you is killing it trading the markets. FYI, it mostly ain't real. Trading is one of the toughest ways to make money & the kind of volatility of the last few months makes it even tougher."

The founder of Zerodha added, "Btw, bear market rallies are usually quite ferocious. While shorts make money faster compared to longs because markets tend to fall faster than they go up. But bounce backs like these after a fall makes it really hard to book profits on time or continue holding shorts."

The stock markets remained choppy in the month of June. Experts have also claimed that stock markets will continue to remain volatile for some time amid surging interest rates, high inflation, and risk-aversion displayed by foreign institutional investors.

Meanwhile, BSE Sensex gained 433 points today and ended at 53,161 while Nifty 50 gained 132 points and ended at 15,832. In the top gainers today on Nifty, stocks like Coal India, ONGC, Larsen , and HCL Tech gained between 3% to 2%. Meanwhile, stocks such as Apollo Hospital, Eicher Motors, HDFC Life, and Kotak Mahindra fell today and featured in top losers on Nifty.

Story first published: Monday, June 27, 2022, 18:11 [IST]
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