Share market(options buying in expiry) me pesha bnta hai ya nhi ye to pta nhi per insan apna mental health kho de ta hai,kyo ke ess me ups and downs bhut jaldi hota hai, winning and lossing. Jish se mind ka sense kam kerna band ker deta hai or mental disorder hojata hai, Acciety depression autonomic nurbhas system pura week kar dega
Very sorry to hear that you lost a good sum of hard earned money in the markets. This is the biggest challenge most of we retailers go through.
- we depend on single source of income and then put that hard earned money into an instrument which has the highest risk coz we put so many ears of hard work to accumulate the sum that we are desperate to get money quick to take a break.
- we are targeted and victimized by these ad agencies and other people who try to show case some profits which they boast by showing their verified PNL. Trust me anyone who gets a green verified PNL stops the f&O then and there coz he has the fear of loosing that pnl more.
Even the govt of India tells that 9 out of 10 users loose their money in F&O. So where is this money going. Obviously to NSE/ BSE and the FII and DII( operators). We can trade in a day max with 100 million as an individual while they trade on an average in a day at 1000 million.
They have access to high frequency trades which we as retailers don’t have.
They too know that we follow technical analysis and they use advanced algo trades which does order flow analysis. They use advanced systems which tells where most of the retailers are showing I teresr to hunt them down( eating SL).
I too lost 25 lacks before COVID. It took me 4-5 years to recover it back. Below are the things I followed. Trust me it was very difficult but I was determined to do it. I will also strongly say that the CHANCHES of taking this path is tough, but mine was a bold decision. - never trade in F&O with out hedging.
- stay away from F&O as much as possible. Do value investing.
- build multiple sources of income, forex gold, money rotation, part time jobs, coaching mentoring… drop shopping. So many… yes these are painful.byesbfhese consume time and energy. Yes to get this you loose family time. At one side I was bombarded with family pressure that I lost money and useless at the same time I was determined to recover it back. But no it was relieved agression. Not revenge …I accepted that I am weak and I was more systematic. Always put money in stock market where you can afford to loose.
- put paper trading in the night. Started reading books listening to coaching programs, red news articles. Followed opinion and went to investor summits. Was more focused in understanding how markets behave.
- go small but steady… Where people were making 20k to 30k a day. I was keeping myself happy with 1000 to 5000 rs a day. Some days had a profit of 200 rs also… at times it also happened that I had won consistently for 15 days and gave back market at least 50 percent in one single day. I learnt another important lesson that when ever you win some amount. Some goes back to the bank. I forgot to reward myself. From now on I followed the strategy. Suppose I have 30k to play. I put 20k to use and then if I make profit. I debit that money from F&O and add it to my investment. I bought govt stocks only. Though they give less return they don’t collapse so fast. If I make good profit. Half goes to f&O account and rest half goes to MF. If I loose money. I stop live trading then and there and do paper trade… Till I build confidences.
6)I only trade in trends. I tried straddles. Strangles. Iron condor. Etc etc. you name it what ever is in youtube now a days. I have done it. Price action , harmonics synthetic futures, Fibonacci. Moving averages. Etc etc… all work for sometime and then fail. Always follow trend is your friend. - 2 years slept for 4-5 hours a day. Rest of the time was busy working and sometimes spent other time doing part time coaching or drop shipping etc. I am blessed to have a wife who stood by me understood me and she too went to work for me. My friends were taking care of my children. We had to go through this 5-6 years of hardship. Had put everyone into problem. Why… was this so much necessary. It’s just because we are shown all around with goodies. You open an ista or a fb or any social media. It’s filled with all nonsense of quick ways to make money and faster ways to earn money… No body talks of generating wealth through recommended sources like job. Or starting a business and growing one step at a time. Tell me did TATA’s BIRLA’s or the top 20 billionaire… make money just in a fluke. No not at all. And they are sustainable businesses. I learnt that value investing is more important than short term profits… In this journey I happened to meet some institutional investors and traders who shared their journey and they to make losses like we do. But they have something called as margin of safety which they never try to breach. I was at least fortunate enough that I lost money without taking anyone’s debt… when I see stories I am shocked how people take loans to trade… I think right now the ask of the hour is to start teaching in schools , personal finance and the power of compounding/ going long…
Mutual funds tabhi sahi hai jab woh lamba tikega. So is the job or the business or wealth … for us to be capable enough to do work out parents invested 15 long years into us so that we are capable of working…
So for us to master the domain of markets we need to invest ourselves in the sector where there is knowledge of what is going to happen. Obviously since it’s not accessible and classified information, best approach is to go to a mutual fund house and take advice form a registered investment banker.
Being happy is more important than being rich…
Being bold and resilient is more than the thought of being broken… Nothing is permanent. Not even the sorrows. Just take it as a learning experince. I know it’s hard to digest huge loss of lacks… think of the happiness you got when you made lacks trading…
Consistency is the key. Get small but be consistent. Learn to reward yourself… See at the end of the day being happy and contended to what you have is more important than trying to get something. For somebidybit has workedbdoes not mean it will work to you. May be something better is written for you which you will shine which might not work for me.,. If possible take a break and calm your mind bread self development books … stay away from all the nonsense in Instagram , youtube and other social media which are designed to target innocent people like us… that the root cause and I happy SEBI and goverment is working to curb all this non sense. The ads of people posting enjoying pics and showcasing as if they are better will soon see their true self. Trust me a day will come when that willa slo get ripe and get be reaped… Time never forgives anyone. Be bold … be strong and take one step at a time. Focus on building multiple streams of revenue and help yourself. Stay happy stay calm… Sorry if I hurt you… but wanted to write down my thoughts as it connected my previous version to you… Sorry for a rather long message…
Thank you so much sir for your suggestion. Currently I’m in loss of 24 lakhs but good thing is I have stopped F n O and started building wealth by salary. I’m also planning for Food restaurant, let’s see. Once some wealth build I’ll start to invest in swing trading. However I have been not paid my personal loans as no money available. But I’m also closing loans one by one. Now coming on tracks. Surely I’ll use to follow some of your strategy to recover losses. Thank you again for your valuable time.
How much money do you need to lose before you give up ? 24 is also not enough ?
What happens if swing trading does not work because bull market ends ? We need to be able to survive all sorts of environments, some times favorable sometimes not.
Trading needs capital, if you don’t have capital, better not take loan to trade.
And looking at how you behaved after losing 13L, it seems likely that you cannot control yourself and are digging deeper.
Sorry to be harsh, but i just don’t understand you people.
Bare minimum - Dont trade with capital you cannot lose in learning phase and dont trade without paying off loan.
More than 90% people lose. What are you expecting and why ? If tomorrow any random person on internet comes up with his account of how he recovered money, are you just going to keep trying again and again ? That itself is not bad, but one must conserve capital for as long as it takes before you find something that actually works and must be sure that it works. I had to wait for 5+ years.
No idea why i reply to these types of threads anymore …
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