Dude, just quit for now and take a break. Dont fall into the trap of revenge trading psych…Review what have you done… As you are on a continuous losing streak, there may be some serious lapses in your trading strategy… Check it out…
I wonder how come ppl loose such huge money in short span of time,fisrt learn to loose less money while sticking to markets for long period of time so that you can learn and survive yes ah you do loose but not huge ,anyways dont trade with the mindset of recovering lost money it will further make you loose.
If you really love trading and have passion towards it then only you should continue and that too after some training or reading some books etc. Don’t trade to recover your losses ; trade to learn and gain experience.
If you only want to recover losses than quit trading and do only that where are you best means the business or jobs through which you have accumulated money that you have lossed in trading.
And if you have some access cash than you can invest that money in zerodha smallcase and in mutual fund.
What you quoted is absolutely tight don’t go for revenge as we can’t recover this losses by intraday trading but one thing I m pretty sure that this can be Covered partially by holding FNO lot.
Dear, You need to complete analysis in this regard. like how much actual losses, n brokerage incurred as in this almost 20 per cent amt will be from taxes n brokerage.
Secondly, also see which trading platform you are using
N Third you need improve your knowledge and change the way of trading as these are small steps.but you cannot cover entire losses.
if you are trading just for money then stop trading right now. if you have passion for market, then dont worry abt money, it will pay you back with interest.
With interest…I doubt. I have also lost almost 15 Lakhs in intraday in FNO but there was one time wherein I had also made a profit of 1.75 Lakhs in a day and lost in 3.6 lakh in Biocon. You have to learn from your past mistakes. You should be very attentive and disciplined in any trade / position you are holding otherwise it will take only a few minutes to go from proft to loss. Then if we make loss in one trade in starting of the day , then it is very difficult to recover the same in intraday. some times you can but most of the time it is not possible, We keep in on adding money but we hesitate to withdrawl the profit.
I don’t understand why would you do this to yourself.
Why trade in commodities when you could have made more money in equities?
you lost 19 lacs without giving much thought into this business and you still “hope” to recover this amount somehow?
May i ask how you plan to do this when you have no clue how you lost 19 lacs in the first place.
Don’t get me wrong, i tend to ask tough uncomfortable questions. But if you can’t answers these to yourself , sorry to say you deserve to lose this amount.
I always lost money assuming I will recover but it never happend.
Finally u mind says to quit but heart says lets try one more time with more decipline. However I am still not able to decide what to do I know. It is impossible to recover such a big loss in a month’s or year.
Please guide what exactly to do.
Please help.
No man it’s fine to lose I was just advising on how you can raise more capital to lose it more after all somebody has to lose in the market for others to gain. Keep it up you are doing God’s work.
I did only futures 80% loss is in crude oil and most of the time when a position went wrong I tried to recover it immediately taking big positions which sometimes worked but resulted ultimetly in loss. Lack of discipline is the main cause of my losses.
Boss, I was not here to loss money I also tried like others to gain something out it and soon started trying to recover the lost amount and ultimetly resulted in such a huge loss.