lost 6 lacs? please tell me the way to recover

[AW10]

So sorry to hear your case Sumit.
IMO, If we find that we are in a hole then very first and wise thing to do is stop digging it further. My sincere suggestion is stop trading for the time being.. whatever method of trading u have, is not working in current BEAR market (your results is telling u loud and clear). So please, don't dig it further.
50k per month on a capital of 2.5L that means, 20% return per month. i.e. 240% per year approximately..
Be realistic and ask successful traders what it took for them to reach a level where they can generate 20% per month on consistent basis. Yes you can make money in the market but it is not as simple as anybody think. So please be realistic in your expectations.

Sumit, If I am in your position, then as a business person, I will limit by debt liability by repaying partially, or re-negotiating rate with the lender, or refinancing the loan (u might get loan at much lower rates now as rates are coming down). Next step, will be to learn and do trading in right way with much lower account (say a/c of 50k size)..
Once I am consistent in my performance, then only increase the account size and take bigger risk..

Hope this helps. Feel free to PM me if you want to discuss anything at 1-2-1 level.

All the best.

Happy Trading.

 

[avinashtiwari22]

Hi Every One,

It really feel nice that in this Selfish word,still our own traderji comunity is Unselfish and willing promptly to help.

Sumit,

Do not worry, Purani kahawat hai " Bhagwan ke ghar der hai andher nahi hai"

Do not lose trust in your self. You can do it man.

and please post your recovery as a "Beacon for others to follow"

All the best,
Avinash

 

[sumit_verma2k5]

hi all,
am new to traderji. after losing 6 lac i was just surin and trying to search the ways to recover it. finall i reach traderji.com. i just post my thread to know whether i can get one or two good advices but i didnt knew that traderji is a place where others are always ready to hlp the person whom they never meet. log toh apno ki help nahi karte hai aur yaha anjan log ko help ki offer dekh kar mujhe me confidence aya hai. thanks traderji and thanks toh every all who are the part of it. you have devloped my confidence somewhat. mujhe toh lag raha tha ki meri life ab khatm hone jaa rahi hai.

 

[iKon]

Beginners should understand that :

1. They will keep on paying market tuition fees till they learn how to trade as well as learn discipline & emotional self management. So ppl should understand that in their early phase they are more likely to lose money than earn.

2. Therefore they should NEVER borrow and trade. Trade only with funds they are prepared to lose without killing themselves or suffering mental and financial ruin.

3. @ Sumit : financial despair can make you lotus eater.
Get better of your wishful thinking abt super profits....bec if that starts influencing your trading decisions, then you can kiss your remaining capital goodbye.

Get in touch with helpful seniors here....any which way, you are going to come out wiser

please pay heed to AW10's advice...wise words

 

[sumitro]

Know it is like as if you are riding on the back of a Tiger ,if you fall the animal will eat you up.No amount of Advise/Suggestion/Consolation is going to help.
Any trade if goes only 0.25 % against will increase Frustration/disturb the Mental Frame work.Had been in this phase (though i did not had so big amount Loan) trust me ; absolutely impossible to breathe/live for a person who has self respect .
If you are at kolkata or near by may come to my Trading den,will atleast hold your hand in this difficult time & trade side by side.
Take care,this is not the End ,few have emerged out from this and those are all ordinary guys like you & us.

Asish Sir any more kolkata meet in near future ?

 

[maneesh007]

hi,

Friend, I am watching this forum from 2 mths and the conclusion is as following :

*Trend is friend.
*Chart is an important part.
*Greed & fear are the topmost enemies of a professional trader.
*Be patient and cool while trading.
*Wait & watch are the best friends of a professional trader.
*Proper entry and exit 50% win.

Dear friend, market is full of opportunities, just think that the person who have lost 6 lacs was a different person and the person who is going to recover, is altogether a different person with full of confidence ( by doing lots of homework and after seeking advice from seniors) and I can bet U will definetly recover ur amount very soon.

And lastly, I would like to say that being associated with this forum is like sitting at the beautifull side of this world.

Best of Luck.

Maneesh bhardwaj

 

[beethoven]

Sumit,

I can well visualise your pain. I also lost a lot though not as much as you and it was my own money not loan but the pain is equally high.

There are no short cuts my friend. My saviour is Saint who taught me a way to trade. It is hard work. You will have to put in 14 hours of study daily and have a passion for trading - only then you can succeed.

Read first Saint's "to teach a man to fish" carefully like a textbook. Then go thru his thread "60 min flow". Meanwhile during trading hours watch the action in live thread of "60 min flow--".

No short cuts my friend. But if you get a grip of this method then you are set for life. Markets will always be there and traders need never retire.

Take this loss as an investment (or learning fee) for trading. Every trader has lost money - this is the hard fact of life. But it is the perseverance that makes initial losers good traders eventually.

Best of luck, my friend

Bee

 

[uasish]

Asish Sir any more kolkata meet in near future ?

Last time Sunondo (ID sunbim) took the initiative & we where helped by Soumya(ID souyma_b) Satyajit (ID mita_satyajit).
Now some body else has to take that initiative (i am extremely pressed with Time presently) i am always whole heartedly available.

 

[anch]

Helo,
i'm animesh,i want to contact you for know how to trade at online with formula.
Please send me you contact no.

Animesh.

 

[OneBull]

Short Punjlloyd its a super tanker tgt 82-83