Thank you! 
hehe… yes. thanks for the warning!
Actually I have been doing that only. But there are days when greed takes over me and that’s where I lost as I forgot rules and discipline. But I will now try to avoid intraday, at least for some time.
Nope, this is absolute basic stuff. Winrate and average win and avg loss all make up the pnl.
What happens if you lose 1 rs 5 times and win 2 rs 5 times ?
I am profitable since 2019. That doesnt mean i make money every day. I have had months when a system does not work. That’s life for a trader
Yes !! Markets are noisy. Any single win and loss means very close to nothing. So if i do the right thing, i could still be punished for trade after trade until law of averages starts working in my favour.
This is a very important thing that we dont understand as newbies. I didnt either for a long time. One of the best things i learnt was when i saw the guy i learnt from lose day after day. Thats how it works. And once you start testing data, it makes more sense.
I have never read it, but i think trading in the zone book explains this.
Any profitable trader needs to accept and understand this.
On top of this, markets are uncertain. Future may not follow past. So even if you have an edge, things can change. Markets function through a huge number of buyers and sellers. Certain patterns may happen because of their behavior, but that can change over time.
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Hehe, god may or may not exist. But this is faith. Markets dont care for faith, other that faith in your own ability/systems if justified.
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yes agree, need to work hard and smart.
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Nope, No guarantee that losing 90k will make him good trader. Nonsense, again.
Go search this forum for people who lost money.
Its an experience, how he adapts from that is upto him. Most people that continue trading with more money tend to self destruct… -
Yes one needs to learn himself. But having good source of learning can help. I gave link to the guy i learnt from. It tookl me 2+ years to learn from him, and i dont trade like him. Copying did not work for me, and this i have seen with other people too.
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What show off ? wtf are you talking about ? Any harsh tone i may use is only because the severity of the situation. Dont take it personally. I dont care about you or him …
He needs to understand where he is and dont dig into a deeper grave. We have seen this time and again and end result is not pretty. -
Any one can put money at risk and sure you can call him trader. But he will be a losing trader for a long time, most have to go through this. So best keep capital small when you are learning.
Anyway, i dont really care. People dont tend to listen in these situations. One can look at the forum search link i gave and see how they just kept making things worse. Its telling that he hasn’t done that yet.
I sounded out the alarm …
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IF YOU EVER AGAIN PUT LARGE MONEY IN TRADING ACCOUNT. TERI SYSTEM MEIN GUS KAY MAROONGA! 
IF you just arrived in the market. how did you got balls to increase LOTS? as if you know?
If you are in learning phase? and never want to quit?
DON’T PUT MONEY. TRADE WITH 1 LOT OR JUST WATCH. OR AT LEAST GIVE 5 YEARS TO GET USED TO. DON’T PUT YOUR DICK IN STOCKS FOR A WHILE. YOU ALREADY FIRED UP NICELY. SO BETTER BE READY FOR NEXT DRUG SHOT. SWEET ADVICE.
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A few months ago, I was listening to a podcast featuring Abid and Prateek, and it really resonated with me. At the time, I had genuinely lost about 1.5 lakhs over four years, roughly 35k each year from buying options. I didn’t had much capital to trade in a meaningful way. Though I started with spreads, making around 300-400 rupees per trade, but eventually shifted to pure option buying for the adrenaline rush.
The most important thing I learned from that podcast is that it’s okay to lose a few lakhs when you’re young. That lesson is far cheaper than making a catastrophic mistake later in life when you have more significant capital. The experience teaches you a lesson you’ll never forget.
Following that same advice, I would suggest focusing on recovering losses safely. Park your capital in secure instruments like Fixed Deposits/GBs/DMFs for a while. You can then use only the annual returns from these FDs to test new strategies until you find a profitable one. Alternatively, a simpler and equally effective path is to focus purely on equities and mutual funds for your growth.
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Thanks Bro! Actually I am quite conservative regarding risk management, but there are days when greed got over me. So yeah- I am now super cautious. Not planning to do scalping unless I am damn sure.
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Thanks. Yeah - my majority capital is in FD and MF.
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Yeah!
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I believe it should actually be the opposite 
If you’ve made a big loss, that’s when you should stop trading, because it usually means either your system isn’t working well in current market conditions or your mindset isn’t right that day.
But if you’re in good profit, it shows that both your system and your psychology are working well. So instead of stopping, that’s the day you should try to build on your profits and aim for bigger gains.
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I don’t suggest you to quit or carry on like present trading. Hedging is best way of trading. You are always protected. Learn it. It may take 1 month & then restart your trading.
I could have suggested the hedging call providers but the administration will not understand my intension.
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Is this your new ID? Somebody with similar name was here few days back.
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How much is DD in % ?
Totally agree with this & this is what i want to say its immpossible to stay away from losses but how much profit or loss you make depends on your potential. and this pontential only improves the more & more you trade.
good suggestions
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It is very common for retail traders like us. Most of the losing retail traders, I guess, will have an overwhelmingly high percentage of profitable trades and still end up wiping out their capital. It is really this aspect that leads us to gamble - exactly what you did - assuming the odds will favor us. We forget that we exit when there is 1-2% profit but don’t exit even when there is a 20-30% or higher fall. This is purely emotion based trading and there is no way we can succeed if we are emotional. Markets are not only unpredictable but also ruthless. So if you do not want to quit it is fine. But i can only advice
1. Do not trade without an exit plan and do not look back to analyse how much more the profit would have been if were in the trade for longer.
2. Use only that much money which will not affect your lifestyle. Say if you have 10 lakhs in the bank or some other very low risk instrument, use only one or two lakhs and keep taking away the profits. Do not scale up just because you made 2% profit on 5-10 consecutive trades
If reports are true there are people who lost crores and committed suicide because they could not repay the debt. Money is certainly important but not so much as our peace of mind.
All the best. You keep coming here or other fora and one day you may get a mentor. I am not one. And my advise is do not go with those who charge money for mentoring or tips unless you know their profit and loss account directly.
One lakh is a very small amount if you learned the lesson market taught.
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thanks!
Thanks - yes, I am doing hedging now
Know your limit of discipline. Test yourself. Make a plan to quit even seeing markets for 15 days. If you can’t, then know for sure, you won’t be able to execute any other plans to recover or make profit. Know that you’re not in control and market is trying to say “1 lac eh… 1 lac so far… he he”. If you can however control yourself on that level, try the next test - seeing markets , but not taking a trade for another 15 days. If you pass, then the real test: ability to take a loss. Anyone can make profits, but what you are able to do when the trade goes against you. That’s the real test. Say decide, 1k is the max loss per lot. Then see if you can stick to it. Unless you can don’t increase your position size. Better to use GTT/predetermined SL on terminal not in your mind. Keep testing yourself to know your limits. Don’t believe yourself. Test and see.
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