This is the 3rd time experiance due to market downfall , in 2008 i dont know about market , just simply buying and seeling the stock , on that time i only know intraday , i lost 30% of my money , on that time the capital in 1 lakhs , after i lost 30k in market i quit trading for 4 years , then i fly to dubai to get a job and learn the risk management , and i get a chance to learn OPTION ,
the mentor teach me how you can stay in the market for lifetime , The important lesson they teach me its really usefull for my life now , in this recent fall my portfolio is in green only , option trading in the recent fall also i managed professionally ended in the profit ,
1- Expect Rational return from the market Ex- 5 % per month , if you achieve this percentage quite trading for the month wait for next month, Most people loose money because when they achieved 5 % they will trade again to get another 5% the same month the entired capital will wipe out on one month ,
2- Transfer your profit to diffrent asset class to shine your future requirment
3- never borrow money for trading
4- downside market compulsery avoid trading - or limited qty to trade
5- start accumulating asset on downside market
6-never loose 1% of your capital in one month
7- never enter the market without strategy
8-better to avoid intraday trading
9-Always keep aside 20% of amout in FD (or) Debt and 10% of amount in gold and 20% in REIT Real estate -Never put all your capital in any kind of trading , its really dangerous
I will never buy any asset from my own pocket , i alway buy asset from my option trading profit only
I buy own land worth 18 L , 7 lakhs worth gold , 15 L worth stock Etc… all are from my option trading profit only
i will never aggresive in the market . i am more conservative trader cum investor