93%

of Indian F&O traders lost money over three years

SEBI study, September 2024 · individual traders in equity F&O · FY22 to FY24 · they lost ₹1.8 lakh crore between them

Source

Check your trading habits

Most traders do not lose on the trade they picked. They lose on what they do next. Ten things take money from traders again and again — answer twelve quick questions and find out which one is doing it to you.

Check your trading habits
  • Takes about a minute

    Twelve questions, one tap each.

  • Nothing is saved

    No account, no sign-up. Your answers never leave your browser.

  • Free, and stays free

    Every calculator and every page on this site is open.

Question 1 of 12

About a minute for all twelve

After a losing trade, how soon do you take the next one?

Think of the last time it actually happened, not what you would like to do.

At the end you get the one thing costing you most, the number it came from, and the other nine ranked.

Ten things that take money from traders

Every one of these is something you do, not something the market does to you. The twelve questions tell you which one shows up most in your own answers.

  1. 1You are already in before you decide where to get out
  2. 2You get in after the move has already happened
  3. 3The market turns right after your stop loss is hit
  4. 4Nothing was setting up, but you traded anyway
  5. 5You take the next trade to win back the last one
  6. 6You add more to a trade that is already losing
  7. 7You took far more trades than you planned to
  8. 8Small profits booked fast, losses left to run
  9. 9Weeks of profit, then one day takes the month away
  10. 10Cheap options that end up worth nothing

Recognise one of these?

The twelve questions take about a minute and tell you which one is costing you the most.

Check your trading habits

Free calculators

Nine of them. Put your own numbers in. Nothing you type is saved anywhere.

For any trade

For F&O

F&O rules that changed

Six changes SEBI made to index F&O. All six apply today. Taken from the circular itself, not from a news story.

  • Full premium upfront

    1 Feb 2025

    Your broker has to take the whole option premium from you before the buy goes through.

  • No spread benefit on expiry day

    1 Feb 2025

    A position expiring today no longer offsets one expiring later, so you pay more margin.

  • Limits checked during the day

    1 Apr 2025

    Exchanges now check your position limits at least four times a day, at random, not just at the close.

  • One lot is now ₹15–20 lakh

    20 Nov 2024

    A contract has to be worth at least ₹15 lakh. It used to be ₹5–10 lakh, a level set back in 2015.

  • One weekly expiry per exchange

    20 Nov 2024

    Each exchange can offer a weekly expiry on only one of its main indices, instead of one every day.

  • Extra 2% margin on expiry day

    20 Nov 2024

    If you are short options expiring that day, you pay an extra 2% margin on them.

Where this is from

From
SEBI circular SEBI/HO/MRD/TPD-1/P/CIR/2024/132, 1 October 2024 — Measures to Strengthen Equity Index Derivatives Framework for Increased Investor Protection and Market Stability.
Applies to
Equity index derivatives, at every stock exchange and clearing corporation except commodities.
Checked
Read in full, all 8 pages, on 4 October 2026. The dates above come from the circular's own table, not from anyone's summary.

Nothing here tells you what to trade, when, or how much. These are simply the rules the segment runs on.

Your F&O profit is business income

Not speculative income. So a loss can be set against anything except your salary, and carried forward for eight years — as long as you file on time.

Income Tax Act, s.43(5) and s.72. You file ITR-3.

Turnover is not what the contract was worth

For F&O, turnover means adding up the profit or loss on each trade. A ₹16 lakh contract that made ₹8,000 adds ₹8,000 — not ₹16 lakh. That difference decides whether you need an audit.

Worth checking your own case with a CA. This is the rule, not advice on your return.

Short explainers

Nineteen short pages. Each one explains a single thing, with the working shown.

How we handle numbers

Every figure on this site shows where it came from, what period it covers and who was counted — and links the original document, not a news story about it. If we cannot do all four, we leave the number out.

Longer reads

Two at the moment. Both about what happens around a trade, never about what to trade.