Any investor is in for an adventure of limitless wealth and exhilaration! But alongside the glittering promise of the stock market lies an undeniable reality: risk. Nevertheless, courageous investors need not worry, as this interactive guide is set to become a great buddy.

1. Know Your Risks: Mind you, the stock market is a bit risky affair. There are various types of risks you might encounter, including those associated with F&O trading. Have you heard about these risk types: market risk, company-specific risk, and systematic risk? Please take a closer look at trading types and try to imagine them included in your investments.

2. Assess Your Comfort Level: Everyone has a unique tolerance for risk. What type of investor are you: the extreme value seeker who even knows how to manage F&O risk, or the kind of investor who prefers steady growth over the years? Have a quick risk tolerance assessment to ensure your investment strategy matches your level of comfort.

3. Research: Knowledge is power! Allot a certain amount of time for investigating and evaluating a possible financial asset, especially when it comes to advanced instruments, like in future trading. Keep up with industry trends, and use market news to make well-founded choices. Always keep in mind that the more knowledge you have, the nearer you are to an outcome with less risk involved.

4. Diversify Your Portfolio: It’s time for you to break away and put in the effort to look for the next best opportunity and investment! Explore what are the possibility when you want to invest in F&O stocks, mutual funds or other assets across industries, and geographic regions. Discuss this with a professional if you’re unable to pinpoint what assets your portfolio needs.

5. Monitor and Adjust: In the stock market, we all board the rollercoaster, but the ride is very bumpy and full of turns. Designate a method of periodical monitoring to ensure your investment strategies are followed at all times. 

6. Utilize Risk Management Tools: If your toolbox of risk management tools is sufficiently stocked, so don’t forget to use it. Dive into risk management strategies such as stop-and-reverse orders in stocks and options trading to see how they might help you protect your investments from unspecified periods of decline.

7. Seek Guidance When Needed: To be frank, even those who have perfectly mastered the investing endeavor require some additional support. In case you fall from the burden of control over your financial condition, do not neglect to ask for assistance from a qualified financial adviser. The quest for stock market perfection will be a joint experience, and you’ll discover your options and obtain the confidence you need along the way.

Congratulations! You have just passed the crash course on selecting and eliminating risks in the stock market. Armed with information, a set of tools, and a can-do attitude, you can rest assured that you’re on the fast lane to becoming an informed investor. Recall that what ensures eventual approval for your stock trading endeavors is the persistence of your educational process and adaptation to market conditions.