Someone is so sensitive here. Keeps flagging posts.
No wonder, moral policing is also high in the land of kamasutra, and Khajuraho Temples. Infact, there are many temples of this kind all over.
And no wonder the crime rate.
Yeah, off topic, but seeing very sensitive guys. But they can be real bad guys in real life. And @anon99108009 seems full of fun.
But need to discuss trading only here. Poker face on.
I want to know who are those flag guys! I want to know their P&L. @Vikii might get encouragement. Can’t stand for this man but very good at sniffing comments. 
@Vikii you should Collab with 1 Crore guy. Few weeks back there was a guy want to triple money in 12 months. 30 Lakhs to 1 Crore. I’m pretty sure he gets MOTIVATION by seeing this post and all comments…
I’ll be glad if you both guys collab and invite for anniversary.
Taking break now brother will learn few things mostly related to risk mngt and then will start trading very very slow.
Hi
Better go for stocks
U will be safe
I am also similar situation as you. I understand I should book loss but I couldn’t, suppose f I book my loss after that stock flying. Recent example Siemens, initially I purchased huge quantity for intraday after that too much loss like 30K I converted to positions,next day poor quarterly result stock fall too much so I booked loss, next day flying within two price reached all time high.
As you said I cut profit early but I never cut my loss.
Trying to develop patience and psychology.
Recently plan to avoid intraday trading and learning options selling.
It is good to buy in small quantity and after selling that quantity for profit or loss, buy again, so that if there is loss, it will be for that quantity only. Don’t go for additional quantity until the first batch is sold, or even if you buy more and the second batch is also in loss, don’t buy more, sell both batches, and then buy again.
Don’t convert your position from intraday to delivery because you cannot take a big loss, this is not index but a single stock. If you know about the stock, it is okay, but even here, you may have to wait for many days to get back your purchase price.
Trading in stocks whose results are expected that week taking a chance, because we cannot surely say if the price will move up or down after we buy. Sometimes market expects the results to be very good, so people buy before results, price goes up, and even if the results are good but are less than what market expected, price falls or stays there because price is moved up already, and if the returns are bad, price falls. And like you said, price fell and moved up, maybe because investors thought it is available at a good price.
Simply put, take it slow at the beginning, you can take big steps once you understand some things, gain some experience.
Market does not care that you lost money and has no obligation to you. Stop trading. Forget about lost money.
Selling options wont automagically make money. You can make situation much worse too.Selling options without emotional/risk control will lead to even larger loses.
Take an extended break. After break if you still feel you want to trade, then first try to paper trade and/or trade with small capital only. Backtest/forward test, log your trades and check if you are making money after decent number of trades. Probably wont. We need to repeat this cycle of backtests and try to find an edge. You must be able to face multiple cycles of drawdown ( tough phases where you lose money - everyone has these, even with a great edge) without blowing up your account.
Trading is competitive. It can take years to learn and some never find an edge. Why do yo believe that someone without emotional and risk control, someone who cannot even follow plan will make money ? Those are basics and not an edge on their own. From that, you have to expect that you will lose until you have edge and execution consistency. So trade small and pay less tuition fees to the market.
These things you say though true are very tough even for me every time I hear them, as you tell a lot of things. For newbies, these will be like whatttttttttttttttt 
It is what it is. I made some of those mistakes in active investing, but only with fraction of capital and also got lucky with a good stock than ran ( It ran even more quickly after i sold it off and moved money into trading … ).
In trading, i guess i was much more careful. For years i did not lose capital, and now with an edge i can compound (hopefully in future too) rather than looking to recover money. That’s why its best to conserve until you are ready. Index+Debt MF is good enough until then.
Of course.
But the things you say are like level 3, and for people who are new and at level 1, these will be like, what is he talking about, what is all that, do they apply for me, should I know about them etc 
May ishwar give you courage to bear this whole situation.Look sir what ever you lost that has gone .Leave trading for atleast one year if you wish to resume this business again.And afterwards you can start again only if you wish your condition reminds me my biggest loss in single day almost 3.2 lakh rupees in February 2011 options expiry day .I was frustrated by some loss on my hero honda trade and bough call options of whole account value and end of day i was left with 21 k rupees by then i have busted small and big total 9 accounts which were close to 11 lakh .I was 20 year old then money was my father’s who retired two months back .I told my father about whole incident in evening he was disappointed but he didn’t scolded me instead he told me focus on my studies and try to find a job .Stock market is not for you leave it .
I didn’t give up trading it took me another 8 year till I could return my father his whole investment with bank interest and that was my best day of life till now.
The role of Guru is sacred! Whatever the field, mentor can identify your weakness, can tell you your homework and can direct you to the right path. Whatever you can achive in 10 years, you can gain in 1 year.
It is just my suggestion, but you can find a guru for yourself. Even here, you have to be very careful though 
.
Although, its your choise man! As, there may also be people, who can turn themself up mostly alone in less time!
At the end, no substitute for practice 
That’s why its safer and better to do long term investing in companies with strong fundaments and bright future growth prospects. At least, this is what i am doing at present. Till the time i don’t get comfortable with learning the tips and tricks of trading, i will not venture into that territory.
"Lose–but don’t lose the lesson!" - The Dalai Lama
Note: And when you open your eyes, you will see the world still around you. So it’s not really the end of the world, right?
Good luck.
Dhanyavad Praksh Sir 
yes absolutely right
I have went through all comment properly and know my issues just need to to learn few things properly specially risk management, controlling emotions, setting up stoploss hedging and not triying to recover money fast, limit of loss, controlloing trade size.
need to make this habit…going very slow hence forth with very small qty after break.
Thats great brother. yes i need to work very hard on my mistake and emotions i am sure i will make profit higher than loss amount but after break practice only.
first stop trading, decide your trading style, i suggest you to go for option selling, before doing option selling learn trading strategies like iron condor, iron fly. start with 3 lakh capital and after gaining confidence increase capital. the biggest mistake what you did is, if you stop trading when lost your 11% capital it is very good but you almost loose 80%. you can’t do anything now. if you can"t focus on full time trading become an investor.
Time to review your old comment. 