I started trading in the stock market in June 2024 and, unfortunately, lost ₹12 lakhs in intraday over the last four months. Initially, I was doing well, but one day during a short sell, I ended up incurring an auction loss. That incident triggered a series of revenge trades, leading to further intraday losses, auction penalties, and issues with buying back shares from my holdings — all of which ultimately led to a total loss of ₹12 lakhs.
I have now stopped trading for the time being. However, I would truly appreciate any suggestions on how I should restart — especially what mindset or strategy to follow when I begin again. This was my hard-earned money, and losing it has been deeply upsetting and depressing.
Though I currently have good long-term holdings worth around ₹32 lakhs, I still aspire to become successful in intraday trading. If you are someone who is genuinely profitable in trading, I’d love to hear what books, videos, or resources helped you build knowledge and skill.
Thank you for reading, and I appreciate any guidance you can share.
Equity I am doing majorly intraday. I study shares for a week wait for results and then make a move. Sometimes I only do 100 qty and sometimes more than 5000 qty depends on market morning. Just this I learnt and F&O i might study now
Don’t trade with large money until you know you have something that works.
Most lose in trading. No point in paying more money to market. Don’t even think about ‘recovering loss’. Whats gone is gone and is irrelevant.
Short term up and down is close to random, doesn’t mean anything. So any money made is no reason to scale up aggressively. You need a decent live sample before you can have any confidence ideally backed by 10year+ backtests. Just having some theory and trading based on that doesnt work, you need to know and see that the theory actually works. So need to test before you jump.
There are many many threads like this. Can start with below.
Good that you were able to identify where you went wrong.
Of the 100 ways to lose money in the market, one less way for you now. ( Hopefully won’t fail to the same mistake twice! )
Why?
Feels exciting?
No other marketable skills to earn an income? (rarely true for most folks)
Trading feels best way to earn? (also rarely true for most folks)
Something else?
While we wait for all sorts of advice to pour in, what are your thoughts on prioritising risk-management above everything else?
For example, placing extremely conservative small-sized bets,
to ensure you survive the next 99 times you fail,
and keep learning new ways to lose money in the markets.
(and avoiding markets where you cannot participate if limiting yourself to such bet-sizes)
…and then armed with the knowledge of “100 things NOT to do”
maybe stand a better chance at being successful in the market.
Nah, not exactly exciting. I kind of liked it, but the point is — it’s not that I’m not working, it’s just that learning a skill is important. I lost this money recently — those were my only revenge trades, and they cost me. On the days I was actually enjoying trading, I was always in profit.
So, I realized the issue is with me. I need to work on it and refine my approach. I may not recover the lost money, but I will earn it back — because the share market is all about give and take . I obviously need to earn my money back." May be after some months now. I am in Shock frankly -.- though i might do swing trades for time being now… but luckily I got NSDL IPO some loss recovered
Thank you for these suggestions. I will go through them. I may not work on trading for some months now but will improve my knowledge, study charts and will do swings — this is what I thought for now? would this approach work?
Happy to hear that you realised your mistakes.
Instead of focussing on losses focus on your existing capital & how to protect it on first place(Risk Management).
If Trading or Profit/Loss excites you or affects you emotionally …IMO you have to work on your Psychology & Mindset.
Secondly, after few months (at least 6 month) start with small capital with backtested idea & continue for minimum 2 years to check what actually works for you.
Remember Trading is Business not gambling.
Sure that the cause and effect aren’t reversed here? (something to introspect)
Reading these bits does not inspire confidence that a disciplined approach will be followed in future . Rather feels like a high possibility of gambling “entering risky positions” with a hope to “recover”. All this “luckily”, “earn back”, and “recover” sounds like another way of saying deferred revenge-trading carried out over a longer period of time.
This gives confidence!
Hope to see you more often on other topic-threads in the near future.
I don’t want to—and I won’t—do any more revenge trades or day trading of risk. That’s a promise I’ve made to myself. Right now, I’m waiting because I genuinely feel bad. I was in control, but the moment I lost it, I became part of that 90% of market participants who lose.
I feel like I should have ignored that auction loss and continued doing what I was doing. But maybe my age doesn’t allow me to handle it? (Kidding—I’m an adult, so I can’t use that as an excuse!)
It’s been 15 days now since I last traded. I did a few swing trades and made around ₹30K overall. I might continue with that, but no intraday trades for now.
These current swings are mostly news-based—I’m not diving deep into the charts as ‘mann kar gaya toh’ yet. I need to first learn self-control and manage my emotions better.
Before I ever hop back into day trading, may be after an year … gotta learn alot of self control. (may be the days I feel like giving in I should slap myself on behalf of my money)
lol I might hear my sisters advice and watch kdrama’s may be -_-’
Thats why when I was trying to comfort myself I saw posts here and many people were giving good advices, so thought to ask for guidance as there might be people who have years of experience and I am a noob.
the stock you choose should be very liquid and whose movment has less wicks and moves in tendem with Index nifty. ( try to choose any one from nifty 50 bucket)
only trade in this stock with only 1 quantity, this will eliminate you fear for loss and excitement for profit because the amount will be very small and insignificant.
lean the price movment with volume and in different scenarios.
Example: how stock or price behave after a big move,
How it move during choppy days
When in consolidation how it moves etc.
Trade in this stock with 1 quantity till you start turning wining 7 out of 10 trades in a day and say atleast 16 days in profit out of 22 trading days in month.
When you start winning for 16 days in a month, then refine it further where say for every 10 rs your profit is 7 against loss of 3.
When you successfully achieve till point 5 then start doubling your stock quantity every month.
And most important, be honest with your strategy and trading.
Remember trade will come back again next day, your money will not.
So don’t lose it.
)
. I obviously need to earn my money back." May be after some months now. I am in Shock frankly -.- though i might do swing trades for time being now… but luckily I got NSDL IPO some loss recovered
Rather feels like a high possibility of 