Hello Guys
I am trading since 2 years. I lost capital of almost 8 lacks. i have learned trading and getting profits also but when at the time of loss i become emotion and do not cut trade due to this i lose 1 week profit in one day, And at the time of expiry my whole capital wiped out. Kindly guide me what should i do.
I am a married and having 2 kids. I am planning to make a career in trading. But i cannot control my emotions at the time of loss
Regards
Rahul
What’s your schedule like for trading? What do you eat during the day? What time do you sleep? Do you exercise? Do you meditate? Do you journal your trades and keep data about your performance?
Ask these questions to yourself. Trading isn’t a career. It’s a lifestyle. A disciplined life style. Things changed for me when my focused changed from learning new strategies to disciplining my overall life including trading.
I have learnt lot of strategies and did back testing and am getting good profit from trading. But due to greed i lose my whole capital my mind doesn’t allow me to cut the loss. Not sure how can i control my emotions. I have watched many youtube videos of trading psychology. At the time of trade i totally lose my control.
Will check this… hope it should work
How much capital do you have brother ?
Initially I traded with 10k and learned some strategies but my capital was wiped out because I am unable to cut the losses. Recently I traded with 2lakhs I got profit of 50k I was happy but at expiry day I traded with huge quantity unfortunately my whole capital wiped out.
Now I am planning to trade with 50k capital to develop my trading psychology
Brother increase your capital (minimum 10 lakhs) and trade in the equity delivery segment for 2 years. First be profitable in the cash segment then afterwards you can try to be in F&O. It will work wonders. Why to go in F&O when you have ample opportunities in the cash segment.
Did you even read the post he linked ?
People use psychology as an excuse i think. It does play a part but how will mind trust process without clear cut proof ? This is the loop that most people get stuck in.
Understand this - even if you execute perfectly like a robot - that alone is not enough to make money. You will simple lose slowly. Mind plays a lot of tricks in letting us think that if we do x we will make money, but its more like a b c d … z
Trading is not easy, only 1-2% of people make more than FD. Most lose. This is fact. Why do you think you can do this and why should you do this ? Dont go by youtubers. It is possible but its also not easy and can take many years to get a handle on. Even when you have ‘mastered’ everything and can make money live, you really need to have good capital ( >25-50L min i would say, more the better. Expect to make 20%-30% while keeping drawdowns under 20%. We can do better, but this can be a baseline.
Never try to make lost money back.
Also very very difficult to do this if you try to make a regular income from trading to pay your bills.
If you are going to ignore and keep trading - Since initial years are going to be difficult and you will lose money, very strongly advise you to trade with small capital - as small as possible and something you can afford to lose as tuition fees to the market. Dont scale up for few years even if you make money until you have clear cut medium term proof of edge. It took me 5+ years and even after that future is always uncertain and things can stop working and we will have to adapt and lose some time in process if that happens.
You have dependents. My very strong opinion is this - unless you are already loaded with enough money, accept loss and move on.
leave trading ur problm seems severe . it seems u jst cnt control ur greed
Please stop there!
Now I am in 17 lakhs of loss and I think this will never end until I die. You are married and you have kids so better to invest safely. This is pure gambling. Because even sometimes pro traders never be able to cut big losses. And have to pay 3 lakhs of extra interest also.