# I lost 13 lakhs in market

**URL:** https://tradingqna.com/t/i-lost-13-lakhs-in-market/140534
**Category:** Trading
**Created:** [December 13, 2022, 12:49pm UTC](https://tradingqna.com/t/i-lost-13-lakhs-in-market/140534 "2022-12-13T12:49:00Z")
**Posts on this page:** 1
**Showing post:** 4

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### Author: ![Meher\_Smaran](https://tradingqna.com/user_avatar/tradingqna.com/meher_smaran/32/45882_2.png) [@Meher\_Smaran](https://tradingqna.com/u/Meher_Smaran)
#### Post date: [December 13, 2022, 12:57pm UTC](https://tradingqna.com/t/i-lost-13-lakhs-in-market/140534/4 "2022-12-13T12:57:31Z")

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Hi Abhishek,

Firstly, very sorry to hear about the losses.

The first thing you can do now is to take a break from trading and review what you are doing wrong and slowly rectify those mistakes.

> [@acd555](#):
>
> big sizing of qty upto 5000 qty.

Trading with such huge amount is risky both to health and wealth.

> [@acd555](#):
>
> No stoploss at all

This is a must. Without SL , we will have big losses and big losses are the primary reason why we lose big money. Having small losses is a part of the business but big losses is purely due to our risk and money management.

- Would also recommend to start with smaller amount that which you can afford to lose.

- Please don’t do revenge trading. We generally tend to do that when we are in losses. Do check out what my personal experience was with revenge trading.

> [@My tryst with Revenge trading](https://tradingqna.com/t/my-tryst-with-revenge-trading/140165):
>
> Thanks to movies and the “machismo charm” that it has, Revenge sounds like a cool thing to pursue. Maybe it is, for others in general. I don’t know. But, I got my \_\_ kicked. When it came to my trading journey, this was a sure shot recipe to lose money in the quickest and most silliest way possible. It also has to do with stuff like falling in love head over heels with a girl/guy who is way out of your league. star_struck That’s not a problem. It’s natural but what’s dumb is dreaming that the…

- Focus on your career more and keep trading only as a support system initially till you get some unencumbered funds and confidence.

- Try to focus on learning and trading with smaller amounts and lastly, take help from your friends and fellow traders. Most of us traders have been in such tricky situation.

Wishing you all the good luck. It will take time but we are all sure you will recover your losses. but please be patient.

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