Lost 40 lakhs till now in trading

Hi, well like i said and to be very frank i was not following any strategy to reduce risk properly.i do hedge most of time and it didnwork very well but whenever i trade without hedge, or break one side of hedge or start averaging i end up in loss.
I should have followed at least one strategy like no more loss than 2% of capital or even 10k.i would have not been in loss or no trade should cost me more than 30% loss.
But like i said only 1% trades are responsible for my all losses if i had made sure that loss was max say 30k u would have been 0 loss or good profit instead of this much loss.
For all traders n specially me advice will be don’t loose more than 1.5% i. Day if u not good with identifyng indicator then atleast hedge, don’t average when trade is already in loss.its ok to have -ve day but v good if u could close in small loss.
Imo Discipline emotions are more important

Looking at graph , I think your strategy works well. It looks by far consistent with wins. I think months of January & May looks worse.

I think news got you. If I remember correctly January was when Ukraine invasion started and markets were reacting lot.

I see September as green mostly. Did you stop after sometime? I thought you brought account to total 0 :sweat_smile:

Ukraine invasion started on Feb 24

greens Rs 1000 per win.

loss Rs 10000 per loss.

Not all greens paint a complete picture.

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I can’t exactly remember but there was some news event during the first week of January .

Yeah , his winrate seems great but seems like somewhere money management went away and he himself said he did things like panic revenge trading. Well, its very easy to triple the lots in F&O, it’s tempting for sure :sweat_smile:. Though I wonder did he brought account to 0 or stopped and has some cash left.

no brother not trading now…though looking into chart , reading few stuff and some videos.
i was not managing risk at all…

thats correct…thats what i am saying whenever i managed risk well in week on in that month i end up in good profit or no loss atleast.
but whenever i did not follow rules i messed up very very badly…should have close all trade when i see 1-3% loss of overall capital.

@Vikii

What are you doing here, take a break, or break is over and you are relaxed now?

If you are still on the break, don’t reply to this message.

I think some members are replying to the thread reading just the first post, they may not have read your other replies, but I guess you have understood many things already.

So enjoy your break.

There is a study and research reports that saying abusive words can release stress upto 30% daily. What it simply means that your heart will gonna live more healthy :heart:

Infact, these kind of words are the part of my day-to-day clg life and i really feel blessed even during loss or exams etc.:grinning:

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Yes, he need not be here.

This thread is continuing for a general purpose.

It should be understood that things are not being directed at @Vikii . Don’t feel i am judging what happened. Just feel, i am not talking about you, when i post here. And don’t feel the need to reply.

Just like your comments were not directed at anyone, my reply was not directed about you too. New members are coming and telling him things, so I replied.

Haha, i know you.

No ill feelings, whatsoever. You can say anything. I am not, ahem, super sensitive.

On that note, let me say one little thing.

Just because you are not super sensitive does not mean I can say anything, and just because I am friendly and want to say something does not mean the person I am saying to will take it the same way.

Each person is different, andaz apna apna :grinning:

Tat was a very lengthy sentence.

But you speak well in codes, touching everything. Praising and criticizing at the same time.

Clever piece of work, you are.

It is always better to invest rather than trade. Trading is a very specialized job and one needs to be entirely dedicated towards it.

No, not criticizing, I have no such intention, wishing only well for anyone and everyone.

It is just that I speak much, write much, so some meaning gets lost in the middle :man_facepalming:

If I were clever, I guess I wouldn’t be here :face_with_peeking_eye:

Once you are here. You ll grow with it.

Unless you blow big enough, you catch trading phobia. Where you can’t stand anything related to trading. PTSD

Be clever. Also stay here.

I used to be like that too , running around with my resume during final year & after college attending so much interviews with God knows how many rejections. Then I started jogging nd working out instead of cursing . stress and depression reduced and things were more clearer of how I didn’t write my resume properly, never read job description and didn’t even realise I didn’t have skills, really stupid of me now when I look back. Emotions never let people think clearly.

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Never heard of PTSD in the context of trading.

One could call that technically, but do people think of trading losses, losing money, even after years, or once they lose big, despite the loss being big, they consider it as a big mistake and move on? A mistake doesn’t haunt us, trauma does, even after years.

I know that each person is different while handling financial losses for many reasons, but what has been your experience or impressions?

Some people do really cuss. It doesn’t mean they are unfit or emotionally drained.

Some are build like that.

image

If you have a chance to come across sang Lucci, many ll warn ahead to put headphones if children are around. The guy cuss and use f word a lot. But man, he is enjoyable apart from his trades being a verified millionaire.

Having lived a fair amount of life, i can definitely say, we should live our own way.

And being too sensitive doesn’t allow us to grow out from our :shell:.