Moody Markets? Zerodha’s Kamath Says the Smartest Move Is No Move

As Indian equities markets struggle with increased volatility and a series of holidays, Zerodha CEO Nithin Kamath has made a timely appeal for prudence. With just four trading days in the next ten because of Dr Bhimrao Ambedkar Jayanti and Good Friday, Kamath advises investors and traders to take a conscious break instead of risking impulsive decisions in an unpredictable market.

Kamath's message, posted on social media, underscores the psychological burden of trading under conditions of uncertainty. He insists that market mood and personal mood have to coincide to achieve profitability, cautioning, "Don't make the mistake of believing you should trade even in these potentially debilitating circumstances. By avoiding the markets, you can live to trade another day when you're in a peak performance mental state and the market conditions are optimal."

The counsel arrives as Indian indices have fallen more than 15% from their recent peaks, wiping out profits for most retail investors. Kamath, a veteran proponent of trading discipline, reminds participants that at times the wisest thing to do is to step back, take a pause, and recharge—particularly when the odds are not clear.

Source: The Economic Times