Lost 40 lakhs till now in trading

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

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My scenario is quite different from yours i assume you went through the link thread. I am a novice trader and not aware of all these stuffs. In my case a single trade caused me so much loss.

By d way sister here not bro.

ok…do check message i sent you …go slow… vry slow… dont even add big amount in ur trading acount.
even i am not aware of many thing and main issue with me is not having proper discipline and trading with hope.
Best Luck:)

Definitely will keep in mind. Thank you :pray:

Thanks for sarcasm but i did not wanted to make triple profit i did not realize or say put proper efforts strategy to reduce loss or understand that we need to close trades in losses as well and which is fine…

Thanks bro…this year i am no profit but no loss also…struggling with discipline few times that is costing all profit…but i am happy that i am in no loss now…
Yes still few mistake j need to work kn like putting stoploss, no averaging and putting some limit on loss…

You should have an absolute SL in Rupees set in stone. I have no other suggestions cause I know you have no dearth of suggestions. Are you doing ratios or just plain naked options? Even the best strategy can fail when there’s no real life experience to react during moments of panic or freeze.

Good traders lose 50% of the time but their losses are capped while their profits are made to run.

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all comments in thread are very usefull thanks to everyone. Those who are trading…from my experience i can tell you few simple things which will help you in making sure you wont loss big.
a. Do not trade with huge quantity
b. stoploss is MUST
c. always have hedge position
d. make sure you know your max loss.
e. do close trade if loss is above 2% of capital
f. try to use some indicator while trading
g. never average position which is already in loss
h. even 1-6 % monthly profit is huge in trading donot try to make money double in week or day.
i. making sure loss is small is very very imp
j. if u r in profit say 5k have some stoploss say at 4k…and keep on updating sl if profit is increasing…

years profit can be gone in single day…so dont think ki kuchh nahi hoga its ok…etc etc.
all best

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good this is part of the solution. Having good risk management is imp to survive. But it wont make you profitable.
Instead of losing money quickly, you will now lose it slowly. You can still lose big, just that it will take more time to do so.

You need to do something that actually works in the market. Without that, nothing can be done.
Just using ‘some indicator’ wont necessarily work. We need to test whether something works first over many years of data. If something works, then yes execute that live without error day in day out and then hope it continues to work in future.

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Well if u loose less and ur profit isnhigh overall u will be in profit
Most ppl are in loss because of 1-10% trades so very few number of trades cause big loss

Sorry to here your loss, don’t be tense, it desire to get high profit in future, failure teach us how to become success. we just have to learn where and why we lost and how we can get profit. i suggest just take a break and learn again and become a successful trader. Good luck

I too lost huge money about 40 lakhs in trading now. I have observed it carefully and it looks like impossible to make my money back because… Doesn’t matter one lot of 10 lots …

  1. If I try to hold winning trade, it becomes negative very quick, cutting the winning trades quickly is the right thing to do.
  2. If you say made 2k profit and exit from trade, then you see the option premium go further up 10x making you to regret cutting the trade, believe me, you were not wrong because the price drives upward only when another person is losing money who has bet on the downside … Every single thing matters here, if you say on the trade the premium would never go 10x rather it would fall into your negative and wipe you out.
  3. I have tried option selling, iron condor , safe strategies everything… The thing is these are a bit safe true but nowadays markets are very trending and your best bet is iron condor even that will give you losses frequently… You will think it’s going -1% is fine within the loss range it can come back up +ve but it never does.
  4. All back tests work very nicely because these tools like opstra, stockmock are scam their results are not correct, for one test which had cut all positions on 2% loss, it showed me some days with 6-7% drawdown thats not even technically possible.
  5. Try trading with just 5000 rs and one lot for near expiry … You will know how market finds 5000 rs itself as large enough to feel your presence, you buy it goes down, sell immediately up! Even for just frigging one lot! Sebi, stock brokers are biggest scam
  6. Otherwise I don’t understand how - market takes into account crores of buy and sell, maintains same exact width between different strike premiums (like some dude can put in 1 lkh in one slot then wouldn’t demand dynamics change!? And make just that one strike price move upwards leaving everything else behind!) the market should ideally see price movement of 50 stocks every fraction of second, computed weighted average, arrive at the spot price then compute the Greeks like theta, gamma , delta etc, and display this value across crores of account every 100th fraction of a second. So even if someone bought huge in option one particular strike they should still not let the price of the stock rise and keep that strike price going down! How it’s possible? Impossible!! I think what sebi and brokers do is… In a entire day of 6 hrs 15 mins, nobody is buying or selling anything but they are just displaying some scam numbers on the terminal. When you enter your money, they randomly move the price such that you never come out of your grand total loss.
  7. People who realise this early start selling courses rather than trading this scammers.
  8. I think sebi and government should be put behind jail! Eating away all hard earned money
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Everything else is fine. But why this? :thinking::thinking:

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Naachna na aaye…aangan tera!!! Who has forced you to do FnO Trading? Just leave and stay in peace !!

Obviously coz of this

So then how do we become shareholders of the company and receive dividend? All a scam?
Hmmmmm. It has now started making sense to me. :cry:

That question is out of the syllabus :rofl:

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A story for a vernacular News paper :thinking:

Na man, most of the post is junk. Guy did not understand market, had no risk control and risked too much when he shouldnt have and now blaming everyone but himself.

This is funny and i get the feeling. But it isn’t true. Its just part of how things work and how randomness can affect us. Maybe every trader has to go through feeling this even when he knows it isnt true.