I lost 50K in Union Bank's F&O in a single day when PNB posted result on 7 August.. Should i continue to trade or take break

Quit Trading| Invest in a mutual fund| Stop asking for advice!

5 Likes

Second that. Look for capital appreciation over a longer period of time.

Do yourself a favor and stop trading in F&O!! If you want to trade, then trade in cash market. F&O is for professionals and hedge funds, it’s not for retail traders!

2 Likes

I did the same mistake as you earlier! Trading on Result days, based on Street Estimates.

Profits prediction in Qtr results, and Real Results is ALREADY, ALREADY , ALREADY factored into the stock price. Everything is KNOWN ALREADY!.

Traps are set for Small fries like us, who Buy @ Open on stellar results, happy in the short up-move, then suddenly its falls like pigeon poop!. (20% of the times the Move and Results are in Sync, which means you’re in the reverse trade 80% of the times)

I quit, results announcements day trading, just do normal trading. I play PS4 instead.

Money not Lost is money saved.

4 Likes

Basically you know nothing about trading!
You don’t even know the meaning of the word “correction”.
Why oh why, you people continue gambling.?
This isn’t trading.
Do you have any system?
If yes then tell more about it and may be we can help

Do trades with systematic way and plan of action.

And never enter into trade before 9.35 a.m which the market more volatilie.

Watch the image if you follow the strategy you never enter into BUY trade…

@udayasai
Many profitable intraday traders I know, even enter in premarket with market orders.
So what you say may be good for newbies but not for everone and as you say it - always.

Initially many sources told me to trade with as higher TF as possible or at least 15 min TF if intraday - I lost and lost - until I settled on 3 min TF.
I will still loose today if I trade in 15 min TF - so it’s all about knowledge, experience, and your own style!!!

4 Likes

I’ve lost 4 lacs plus in fno. Now I’ve decided only to sell options, otm contacts for lesser risk n humble profit. I’m sleeping better.

3 Likes

Have u lost more in Futures or due to option buying?

It is true that most of profitability can be derived on fundamentals trading and in very short time also. However, it is highly not recommended for people who are still inexperienced in trading. You would need to spend maybe a couple of years on market learning before you start with F&O

Very true those Indore and Varanasi based advisors simply sends SMS and then stop loss hit they just share the numbers

2 Likes

Who is that ?

Dirgha better next time try with another username,in market first lesson to success is never trust anyone

No when the person I recommend also has same name Vinay I need to be diligent ,nobody will come to rescue in market

Ok thank you

Interesting new prospect, or new scam should I say :thinking:

1 Like

Now see it’s Dishant

Best loss recovery strategy is to get profitable or stop trading hope this helps all my fellow traders

She posted that some loss recoverer takes 15k as advance and her name is Dirga mehtha and the person posted name also is dirga so I got doubt for that she asks should she ask affidavit for the name being same,I said okay madam if the name common name it’s okay but not for some uncommon name,point here is you should be vigilant and investigative in the market leave profitability aside,atleast for not being getting cheated

looks like someone took your advice of changing user name :rofl:

How dumb was it in first place to promote own advisory by giving stupid innovative names like loss recovery agency

1 Like