Nithin Kamath and Ramesh Damani in combination offer the most important rule in trading

Zerodha co-founder Nithin Kamath has said that most retail traders fail due to irrational decision-making. Meanwhile, financier Ramesh Damani has said that “trading is always done by slip book and not cheque book”. According to Damani, speculation is about leverage, and traders should cut their losses and hold on to their profits. Kamath clarified this statement by explaining how badla traders would always make a profit for themselves and their brokers, while those who issue cheques were betting the wrong way and should cut their position.

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