Lost 25 lacs in banknifty option trading

Obsession only arises after finding what to do, and does not happen with everything that one comes across. It is not mere interest, or intrigue, it is beyond.

At the beginning one might feel to see every trade becoming profitable, but not after a while, not after he understands what is what :grin:

Once you find clarity on what to do, you aren’t excitable on every trade you place. It simply becomes a comfortable process that you follow!

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Yes. Once a bigger picture emerges, not everything excites.

One we know that there are :shark: in the water, we are not afraid of :fish:

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Are you joking, why would you need 2-3 months? I bet I could do it in a day. :sweat_smile:

Try and forward test your theory brother. You may find it more challenging than you anticipated, to make consistent losses!

Take break for 1-2 months and think that " the control, patience, persistent is inside you. If u lost ur control then nobody can save you. You may have responsibilities of ur family, hence be wise.

hope you were not trading borrowed money.

The reality is you are not trader.

  • do not increase your capital again in the hope to recover losses

  • trade only one lot/1lakh capital atleast for 3 months ( its boaring but life changing also)

  • Make plan for nxt 2-5 years, it could be enough to make 5-50 lakhs or more than that.

  • Think this way 'i wl become good trader to make more than i lost.

  • Do not think this way ’ i will recover, i hv to recover ’ forget about recover, it may distract you.

  • Stop watching for tips, YouTube, or any help. Do your own, developed ur own understanding. study by seating front of market and trade with small qty. Do it again and again to feel improvement in you.

Its gone by you, but still you have power to get back what has gone.

U have to fight against your luck too. :grimacing::grimacing:

Thanks for the motivation and advise…perhaps chasing my losses made me lose my life savings and thats the reason why I went from a loss of 5 lacs to 25 lacs in just 8 months

Pick one Strategy

Backtest it - Your confidence will improve from backtesting as you will know the in and outs of the strategy

Start trading with only 1 LOT for the next 90 days and slowly start increasing the quantity
And in the beginning do not RISK more than 2% of your CAPITAL.

Finally If the strategy works STICK ONLY TO THAT STRATEGY FOCUS ON ONLY THAT STRATEGY

OR

If you want to make this process a little easier Learn from a someone who has experience
I GURANTEE you it will make your life so much EASIER if you choose to get help when needed.

You can share your experience on Youtube and market it. You can easily recover money.

Don’t stop there, post on r/wallstreetbets too.

What will happen by posting there, no revenue is generated there like YouTube?

There is no edge in buying other than slight edge. It’s about taking only the right trades. Even with those trades cutting losses fast.

bhai, avoid trading. leave it aside it is necessary to take brakes often once twise inweek to make sure we are not addicted to it.