Understanding and overcoming these psychological pitfalls is essential for developing a disciplined and profitable trading approach. In this article, we will further explore it. 

I explained that Warren Buffett, the Chairman and CEO of Berkshire Hathaway, is himself involved in the industry that frequently uses derivatives, particularly in reinsurance. He has even participated in longer-term derivative bets. This revelation left the gentlemen shell-shocked and eager to learn more about options trading