Playing since 2005 lost 13+3 lakhs

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stock72

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#145
#145
Re: Playing since 2005 lost 13+3 lacks

bazawaza said:
All the Best mate
I am also in the same boat of recovery but mine is just 2 lac more ....

Thanks
baz
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What is the percetage you recovered and from since you are recovering so that still 2 lakhs are more ?
 
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shaslam

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#146
#146
Stock 72

Interesting to read your thread. Trust me many people have been in same boat as you including me.

I dont know your source of income and if 15 lakhs means a lot to you.

If you dont want to loose more, here are my suggestions:

1) Never trade in Options. Stay as far away from options as possible. I am very serious. Options are used by Banks and Fund managers who work as a team of 15-20 people and their sole job is to trade.

2) Only trade in futures/do investments for long tem. Do 50% investment and 50% in Futures.
 
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kiranglobal

New Member
#147
#147
Re: Playing since 2005 lost 13+3 lacks

ghosh_ak34 said:
Dear Stock72,

You have already got good advise by others. Here are my 2 cents.

What I would have done, I am writing here.

1- I always prefer to have records of all my trades with dates etc.
2- If I loose 3 months in a row, I will stop trading for atleast one month. Will analyse my records to find the reasons for its failure.
3- Will prepare a strategy based on my learnings from loosing trades. Then, will paper trade for 3 months to see if it works. WILL NOT TAKE REAL TRADES FOR THREE MONTHS!!!! (This I will take as my punishment for loosing and still not learning). If I happen to make profits 3 months in a row using paper trading then, I will start trading again with small money say 30-40k. Will try my strategy to see if it works for 3 months in a row atleast, If it doesn't work will go to step 2.

I have followed this when I was in loss and it worked for me. Hope this helps.

Regards
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Dear ghosh_ak34,

I really appreciate ur method for learning a disciplined manner in becoming a good trader.

Regards.
 
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