Mr Rahul Toppo - Any relation to Oppo or the likes?
Bit late to post anything here but I too was in some 2-3 lakhs loss and now is in surplus after 5 yrs. Few things worked for me:
- Realised that in options and futures trading, I get anxious quickly and its something not closer to my personality. So made it a rule to not trade in them. Though occasionally I do try to recover some losses but have mostly failed.
I have been a swing trader and I am happy earning anywhere between 2-4% avg on monthly basis. I deploy a capital of 1-1.3 lakhs on stocks and this technique has worked fine for me. Would like to credit @Streak for vastly improving my technical understanding. Its scanners, technicals and backtest feature has added value. See the whole point of trading is to realise whether your entry (which is easiest) is good or not and holding onto profitable trades for longer than your temptations.
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Instead of adding to a losing trade, I try taking a trade in opposite direction or look for other stocks. Those stocks in which I have made profit/loss I remove them from watchlist for the next 3-5 days. This helps prevent regret.
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When trading in unknown stocks, I don’t deploy more than 50000.
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Contra bets when done should be started with low capital and then if stock starts moving in your direction, add more. You buying price should be your stop loss.
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Capital preservation is first priority, taking a small loss and preventing a bigger one is the second and third and last priority should be taking a profit. When the market moves in your direction, it’s basically rewarding you and try to squeeze the maximum, large green candles and sign that you are in the right direction(if long).
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Make your trading boring. Before taking a position, ask yourself why you are taking this trade, what is the risk-reward, whether is it good enough, what will be my exit, etc
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It’s difficult for anyone to trade very volatile scrips. If in loss, simply try exiting instead of adding to the position.
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If early trades are profitable, close the kite and take the day off from trading.
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Be stoic. The market simply doesn’t care if you have made profits or losses. It’s indifferent. Keep looking for good setups and manage risks all the time.
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Would like to add a line in Hindi " *jo stock bhagg rha usse pakadhne ki koshish karo, jo gir gaya usko jaane do" - remember that a stock that is rising will continue to rise and the operator will make sure that you book losses in it, it will not be easy to hop onto such stocks. secondly remember that a bullish stocks will take support on its 5EMA and 20 EMA(keep checking Daily and weekly timeframes)
Nobody is making fun of you.
When you invest in dream11 - which is again a new concept for me - you need to bet on individual players right?
Lets take cricket - how does someone know who is going to perform superbly in the next match.
Can you illustrate the journey how 1L is getting multiplied, if you dont mind.
ok. I am gonna let this pass. Way above my financial literacy.
Agreed, one approach may be 1000 times better than the other.
But, neither are viable long-term strategies to financial well-being.
Similar to how eating one spoon of shit
maybe 1000 times better for one’s health than eating 1000 spoons of shit;
even then the option that is 1000-times better is still not a healthy approach.
So, despite one’s best intentions to help someone,
let’s not advise someone who has had 1000 spoons of shit,
to instead try having a single spoon of shit.
Have you done the math to support this argument
that the eventual gain will exceed the losses?
If not, please do that
- you might find a nice payday
- extremely unlikely as
- they are not running a charity.
- this is not a fixed future contract
and any loopholes you may discover will be plugged before you end-up cashing-out.
- extremely unlikely as
- you will very likely realize the psychological tricks being played
to highlight the potential upside and down-play the costs / risks involved.
But now i think if i put 1 lakh in dream 11 i will have only 72 thousand to play with because of gst right . Also if i win i jave to give 30% in gst so with 72 thousad if i win i will get back my 1 lakh if i loose i loose all, isn’t 0 or hero in expiry better than this? Is ins’t it. 1 rs option goes to 50 rs , now we have every day expiry so 0 or hero is better lootery than dream 11 ?
Ashneer grover was also crying about it that usska satte ka 3rd unicorn 
gst ki vaje se band hogya
Fno is a 0 sum game. And only because of charges it’s slightly negative sum.
So I guess for 1 rupee invested by 2 trades after trade they will collectively have 1.99. Assuming 1 percent goes in charges.
But in dream 11, even without gst and tds if 2 players invest 1 rupee, after the first bet, they will collectively have only 1.8. And then comes charges. So this is definitely bigger wealth destroyer than even Fno.
more people play on dream11 or nse ??
No data with me. I have never played and I will never play in future too.
As a student I used to play fantasy cricket on cricketinc.com. There was no entry fee as such to participate. I won around 7 times to make around 21000rupees in aggregate. It was a big amount for me when I was at a graduation level. This is between 2009 to 2011. After that I stopped completely.
the reason i am asking, gaming is taxed at 28%
will stock markets also get similar taxation structure??
No way. Probability of this is less than 0.01percent. Also giving this probability because we should never say never.
It will render the whole future and option segment unviable, destroying such an important aspect of financial markets just because of some tax gains and while aiming to be a developed economy, zero percent probability in my opinion.
Even i lost almost 40 L and now don’t have courage to do more trading.
sorry for your loss friend. I am still trading.luckly current year there is no profit but loss is almost 0.
and one thing i can tell you my overall loss is just due to 0.1% trade.
My loss is due to ONLY ONE trade, my loses can be minimised but I was unfortunate as this only trade wiped off my portfolio. I don’t have courage to trading anymore.
Better avoid…equity is good. even i should not added more than some amount in trading… still bad in discipline but hedging most of trades now…
but yes one thing is sure trading is more about discipline…even more than analysis in my opinion.
and ppl like us are just gambling.
i am hoping if i trade like last 2 months i will be able to cover my losses in 3-4 years atleast
Bhai, I will say use stoploss , stop trade if loss goes above say 5K …hedge every trade if u r buying and strict stoploss of order of itm position if mkt moves in opposite direction.
if we keep losses to some limit say max 1-2% then we will definately be in profit…
my top 10 losses
15 laks, 3 lakhs, 2-2.5l 10 times…thats it.main cause of loss and max profit is just 50k that too because of hedhe trade and other trade was in big loss