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Final Decision: Kite Account Closure Near

Final Decision: Kite Account Closure Near

The author has decided to sell all their stocks, close their Kite account, and move towards investing in delivery stocks, mutual funds, and IPOs instead of F&O and intraday trading. They admit to making mistakes in intraday trading that led to significant losses. They also acknowledge the importance of using stop loss and understanding risk appetite, which they learned after making these mistakes. Despite losing money with the more advanced Kite platform, they made profits with PayTM Money, an inferior app that discourages intraday trading due to its slow interface.

The author received mixed reactions from other users, with some suggesting they should improve their discipline and strategizing rather than switching to an inferior product. Others recommended using killswitch to limit their trading addiction. Some criticized the author for blaming the trading app for their losses and decisions. Despite the criticism, the author remains firm in their decision to change their investment approach and learn from their past mistakes.

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