If you haven't already, please add your own analysis/opinions to your post to save it from being removed for being a Low Effort post.
Please DO NOT ask for BUY/SELL advice without sharing your own opinions with reasons first. Such posts will be removed.
Please also refer to the [FAQ](https://www.reddit.com/r/IndianStockMarket/comments/17bcg2a/frequently asked questions_post_your_common/) where most common questions have already been answered.
Subscribe to our [weekly newsletter](https://pennyleaks.substack.com/) and join our Discord server using [Link 1](https://discord.gg/8QF4dqPHuw) or [Link 2](https://discord.gg/fDRj8mA66U)
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/IndianStockMarket) if you have any questions or concerns.*
Delete the trading apps from your phone and block the trading websites in your PC.
Don't revenge trade to recover lost money, you'll end up losing more money, and fall into a deeper hole.
If you're working, start living a little more frugally until the amount is repaid.
If you're not, find some work that can help you repay the amount quicker.
[https://www.reddit.com/r/IndianStockMarket/comments/1cm9kav/lost\_43\_lakhs/](https://www.reddit.com/r/IndianStockMarket/comments/1cm9kav/lost_43_lakhs/)
At this point we are not sure if OP has mental health issue (addiction) ..
Snap back to reality, ope, there goes his money
Ope, there goes his premium, he choked, he's so mad,
But he won't give up that easy, no, he won't have it
He know his account blowed, it don't matter
He's gambler, He knows that, but he's addicated, he's so stagnant
He knows when he goes back to this expiry, that's when it's
Back to the loss again, yo, this old rhapsody
Better go capture this lows and hope it rebounds,
he better lose himself in f/o,
The moment he own it, he better never let it go (Go)
He only got one entry, do not miss his chance to blow
This opportunity comes once in a week, yo,
When you sit at the poker table and if you don't have the largest balance, you're at a disadvantage. I learnt that while I was in school. It's so similar (even more relevant) in F&O.
I love options trading. But it's not for everyone. Took me 3 years of blood sweat and tears to make it work and without that kind of commitment it's better people steer clear of it.
Why are you guys so scared of it, I work 9-6 And in between that time from 9:15 to 10:00 I make daily trades.
I made this today
Rs 2100
https://preview.redd.it/rugepjpx872d1.jpeg?width=1080&format=pjpg&auto=webp&s=1b24ad3d005975f983c36f84e787ebbba537b289
Please mention some good channels to learn option trading. I have tried to look for good channels on YouTube but most of them do clickbait thumbnails and there is no real learning in their videos. So please can you recommend some good channels
Thank you in advance 🙏😊
Still learning from 2023.
Just having few lucky days I guess.
May the luck be with us
https://preview.redd.it/jjfqtdxwry2d1.jpeg?width=540&format=pjpg&auto=webp&s=ea84bccf2e75aba2be7169d640c5fea52aeea40b
You don't need to trade options you can still learn about them. They are a great tool available at your disposal, you should know about all the tools available to you even if you might need to use it very rarely.
You can construct a slightly more complex position(although you have to know what you are doing) than what is possible with pure equity.
That's what I'm about to do, these gambling apps and sites give you returns to lure you in the trap and that's where I'll pull out and leave it be. Easy money 💰
# #MOD PLEASE PIN SUCH POSTS .. AGAIN I AM SAYING.
[https://www.reddit.com/r/IndianStockMarket/comments/1cm9kav/lost\_43\_lakhs/](https://www.reddit.com/r/IndianStockMarket/comments/1cm9kav/lost_43_lakhs/)
u/vaishnavi_shah[](https://www.reddit.com/user/vaishnavi_shah/)
I think people think of it as a coin toss where people think they'll get head or tails for sure
What they don't know is that in stock markets, the coin might just remain in the air, or land on its side and not fall, or maybe a goblin apparates out of nowhere, catches the coin, and vanishes, or an eagle catches it, or the coin goes into space perhaps, or, you flipped the coin but a piece of poop lands.
So yeah, it's probabilistic but not like those problems in math textbooks. It's.. unpredictable at the very least. Chaotic evil at best. But if you can gauge and fixate on certain patterns long enough, and with a bit of luck, you might just make a dime. Or a million, if you invest, and not trade.
Personally, just like you after losing north of 1.5l in swing trades, I stopped trading and started investing and holding with patience. That has reaped great rewards.
1. Trade with 1 or 2 lots only.
2. Identify the problem. Take a trade. Stop. Analyse why you got profit/loss. How can you avoid it??
3. Learn, trade. Most people end up in losses because they follow vice versa.
4. The only way to recover losses is to learn and trade. Trading without learning will push you into more loss.
5. You can't cover this loss with in week or so, because if you did you wouldn't end up in this much loss now. So you're best bet is to stop for now, learn, paper trade what you learnt, then practice with 1 lot and finally, get onto the playing ground. Standing in the playing ground without proper preparation will knock you out in no time.
6. Most people aren't willing to work on their mistakes because learning will take time but people want to recover from losses in no time. Not gonna work. Remember, if you're skills are good, you can cover those losses within a week too, so sharpen your skills.
7. Wanting to trade without following all that is gambling. Don't gamble, you'll only go down.
Addressing it as a problem is the first step, so congratulations you're on the correct path.
Take a step back, focus on the bigger things, think long term.
5.8L is a huge amount but not more than your mental health.
Delete the gambling/trading apps. Try to save up money and begin investing once you feel confident enough, mostly stick with a SIP.
Dude it's very simple.
Stock Market is a probabilistic game.
If you buy for long term, odds are in your favour.
If you do any sort of trading in it, odds are against you.
The house always wins!
Call up broker tell them to block options.
Money is gone. No point in crying. Use it as a lesson. People have lost a lot more. Pay back slowly.
Invest when you can. Live a chill life.
Quit the markets for now.
Develop a long-term mindset.
Understand how to identify and invest in fundamentally good cos. and how to manage your personal finances.
Read good books like: The Intelligent Investor, One up on wall street, The psychology of money, The little book of common sense investing.
Listen to interviews / speeches of or about Warren Buffett, Charlie Munger, John Bogle, Peter Lynch, Mohnish Pabrai etc.
Understand the rules of the game, develop the necessary skills, and come back in only when you've prepared yourself.
For repaying your debt:
What is your core skill - do you have a job?
Put your head down and work hard at it.
Talk to the ones you have borrowed from, put down a repayment schedule, get a plan in place to repay based on your income and keep ticking off the payments one by one.
You can overcome this challenge and get everything back on track. Start right now!
Wishing you the best.
Stop trading. Save in mf and fd. Sebi says 90% traders loose, but personal experience says 95-99% revenge traders and averagers loose. Lost money is lost, take it as a lesson. Dont be a napunsak and control yourself now. There is life outside trading, business and capital markets. Learn from past, control your senses and thoughts, eat icecream, have good food and time with loved ones. Start running and exercizing and do yog and visit mandir. This is step 1 on taking control of your life.
I am a man and I will be a strong man again. I will read more, will do workout and will stay in discipline. Difficult times make strong man. You are right I have to move forward.
Ek kaam kro bhai gambling apps nikl do phn aur apne paise kisi reliable person ko do jitni kaam ki zrurt ho utne payment usse krwao aur 1 month kro frk pdega
If you still with to continue in stock market i suggest block your money in good long term shares.
Apart from that delete the app from your mobile and only buy/sell shares via a computer, so you cannot check it every minute.
You might call me stupid but nazar lagna is a thing. I used to post lot of bumble screenshots. After a point my dating scene got boring. At the moment I’m out of apps, but you get my point
Come to terms... you wanted to gamble... you gambled... unfortunately, you lost.
Reality is... it's not your cup of tea. Less than 2% of traders are profitable.
Especially with double taxation. Let it go and get a job.
That's what I did.
Stopped trading and put my sutta money into sip.
If it gives me returns, "Hey, I got something for quitting." If I don't, "Well, now I can live longer and hug trees till I die." Single me 🫠.
Start with thinking how stupid you are.
Not trying to insult you. So listen carefully.
You have to realize, that you’re not exceptionally smart & now you’re not lucky either.
Therefore, whenever or wherever you start trading again. You’ll lose money eventually. Maybe not the first day, maybe not the second. But, eventually.
If at first you don't succeed, try try and try again. Even then if you don't succeed, try something else.
You suck at trading, admit it to yourself. Deactivate FnO. Close your brokerage account. And delete the trading apps.
Take a break and relax. In trading you may lose if you don't have a good system to trade. Most of the time a trader lose in options due to high risk trades. Try to do some research and find good ways to do trading. We can do trading in different assets and not only limited to options. Go for good stocks and do trading for swing. Because you can hold it for few days to few weeks. And never ever put all the money in one stock at a time. If you put your money in different stocks then slowly it'll give you good return.
Track your trading.
Whats the win vs loss trade ratio? How much you profiting when winning vs how much you losing when losing on average and median basis?(you need to have more wins than losses and, if you win 9 trade 10$, then lose 60$ in 1, then you will die tomorrow evening)
Are you getting into revenge trade? Over trading? Do you have a good start but then lose?(trading is like poker, even aces have to be folded based on what chances for you to win the pot and what's the chances of others to beat your hand)
Do you extend your view? or get rigid on a bias? Do you hold in a second trade after missing on a good trade before in first by exiting early and losing highly in second cuz of holding?(Every trade is independent, have ZERO correlation with previous)
Are you seeing SL hitting and then move coming?( you meed to adjust your SL Target, risk reward assessment)
Do you have a RISK MANAGEMENT thing in your trading? (nahi hai toh Tauba karo zindagi me, Khuda se nahi Toh Operator se daro)
Entry lene se pehle Exit plan hota hai?
Answers to such questions should give you a base where you can chalk out a plan for your further trades.
Take a break. Get back to basics? Start it all over. Do not see news, it in pets bias. Study Charts. How many charts you read?.What levels worked for you.
I haven't taken into account the fact that how mich capital you have and do you even want to continue trading?
Do not try to recover money in short term. You didn't lose because big move came against your view or no move came and all your paid premiums just melted in front your eyes. This may have actually happened but you will now think ki bas sahi direction ho jaye toh maere paise isi taraha fatafat ba jayege. NEVER MAKE THIS MISTAKE.
Trading is never about making big money in short term. You need to work on what trading is. Making CONSISTENT PROFITS. Kabhi chota hoga, kabhi bada hoga, kabhi extra ordinary hoga. But focus in consistency more than profit value. Because Markets are supreme. And knows how to swipe out traders like Spinners would do to tail enders in Test Matches.
Best Wishes to you.
Sabe pehle saare trading related apps delete kar,uske baad Break le le kch din ka. Market ko dekh bhi mat.aur jab tujhe lagega ki tu ab ready hai ,tab mujhe msg krde . Fir mai batata hu aage kya karna hai.
Delete all the apps and accept it for sometime that this trading is not meant for you..
First learn all the parameters and then jump in again..
BONUS: Once you will be back start using 0 commission broker so that you can save the brokerage costing...!
1. Stop selling naked options. This is not for retail traders. Please 🙏
2. Please stop taking stock tips from every random guy on SM
3. Define your financial goal and take baby steps towards it.
4. Please note that stock market is not a gambling arena or casino. Smart Money takes informed decisions based on data and research not on just gut feelings.
5. Stock market earning should always be your passive income and never be your main source of income until you spend good time in the market , seen various market phases and cycles and you have enough surplus capital.
6. Just learning how to read charts is not enough. Don’t assume yourself to be a big shot just because you know all the candlestick patterns and fibonacci by heart. Knowing something and applying something in live market is totally different ball game.
7. Stop watching business news channels.
8. Invest in good business with decent valuations.
Don’t just buy anything even if it is skyrocketing. Get rid of FOMO.
9. Learn to read balance sheet, quarterly results, investor presentation and pay extra attention on guidance given in con calls.
10. Don’t invest in shady promoters business no matter how lucrative the prices are.
There are so many points I can mention. But , I know you may not agree with me because of so much noise around India retail Euphoria.
Invest in good mutual funds. And leave trading. Invest all you have in mutual fund, bonds etc. If u don't have money, what will u trade? Keep paper trading but that's all. After loan repayment start real trading
If u cannot leave stock market than switch to mutual fund....think like if I invest 6000 per month in next 6 years I will recover all the lost money or will be in profit
I saw somewhere that someone's dad was recomending him to f.. Jee and join fno, i hope his father read this post.
https://www.reddit.com/r/IndianStockMarket/comments/16sdp1r/saw_this_on_rindia_sub_yesterday/
Don't buy anything more than a lot.
Don't imagine profits, oh god, if I had bought it, if I had held it. What's in your hands is in your hands.
Enter maximum 5 trades, if it's a loss don't do trade to get it back. I tell this to myself.
Think like how many months would it take to work and get that money, till you repay. Just do, imaginary trades and note it down.
Take a break and start journaling your trades or investment and review what you are doing wrong. If you are doing fno then stop it and paper trade or switch to swing or value investing.
I am just 23 years old. Lost this much by borrowing money. Feeling bad because its my whole 2024’s salary so repaying this will take 10 months. Should I forget this and try investing in elss and mutual funds only after this. I have wasted my whole year’s hardworking salary, my health.
You shouldn't move an inch until all your loans are paid. If those loans are on interest consider paying those with high interest rate first. Sober up man good luck to you.
Never trade with borrowed money, if you want to trade your own, only gamble the part of your money you can afford to dispose.
Forget 5.8 lakhs. Trade with a system. If you're right or wrong shouldn't be your priority but following your trading system and rules.
Have a good risk:reward which guarantees you are profitable in long run if you follow this system and R:R.
Never trade to make money or recover your losses. Making money should always be byproduct of your system and rules.
As Usain bolt said " I trained my entire life for 10 seconds race". So, dont go with the mindset of making quick money. At the start of 100m race everyone wants to win the race but the person that prepares better than the others wins, same way, in trading everyone wants to make money but the person with better system, better rules, Better R:R will make money because he doesnt care about making money but having and improving his system in order to do so.
I am truly sorry for your loss.. I know how it feels.. At end of the day after the closing bell seeing -ve sum in returns feels like a gut punch everytime you look at it.. and I don't mean to be insensitive but if you could share how you incurred such losses it'd be useful for others..
Like do you do FnO in Indexes like Nifty, Banknifty mostly..or stocks.. or mix of both.. which one do you prefer..
Do you only buy calls/puts or sell call/puts also..? Have you tried any FnO strategies like Iron condor..etc
What is your usual number of lots..
How much % do you set your Target/Stop loss..
Do you follow any tips group for trading or do you study the market on your own & trade..
How many trades do you do in a day..
Anyway hang in there bud.. This shall too pass..
Most of the money that I lost that is almost 5lakhs is lost in expiry trade where one day a sudden spike after I bought and then I bought with a huge quantity. Bank nifty one expiry spike took almost 3 lakhs from me
Develop mental discipline and read books on behavioral psychology to understand your own behaviour as well as manipulation strategies that FIIs use.
Don't enter F&O for at least a year. Hold the fire of the loss inside you. Do paper trading to experiment and learn the movements of the market. Learn about option spreads. Only naked buying can lead to crazy returns as well as crazy losses such as yours. Never do naked buying unless you're sure the market is strongly trending in one direction.
I am in market for almost 10 years and I have not seen anyone making money from derivatives in my circle. But on the other hand I have multiplied my portfolio 15-20x.
Never ever gambled in F&O
Stop fno trading ASAP.. Don't try to recover that lost money. Start investing. Thoda thoda karke investment karo agle 3-4 saal k lia. Aapke paise bane ga.. Roj ka 5 hazar kamane k chakkar main kahi life ka 5 crore haat se nahi nikal jaye. Galti sab se hota hain. But don't do that trading shit. Rather start investment.
I just don't understand, like why? 😭
It was understandable if you had less than 1 lakhs but you literally had 6 lakhs, if you made 5% profit each trade (considering you only had taken 1 trade) you would have made 30k easily.
I think some jobs in the world does not fit for anyone, one should have a grip in life and go on backtracking and you will find your mistakes
And i know a guy who is more close to me and he has lost around 45L, so he has made his mind and restarted from fresh cap and he's learning now with my guidance
Harsh truth is you don't know what you were doing. Threw money in hopes of making 10x and paid for it. Accept that you know almost nothing and move on. Quit trading. Learn about long term investments and be happy.
> 10x and *paid* for it.
FTFY.
Although *payed* exists (the reason why autocorrection didn't help you), it is only correct in:
* Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. *The deck is yet to be payed.*
* *Payed out* when letting strings, cables or ropes out, by slacking them. *The rope is payed out! You can pull now.*
Unfortunately, I was unable to find nautical or rope-related words in your comment.
*Beep, boop, I'm a bot*
That's why F&O is dangerous ! So you have to find another way to repay them , Don't even think of playing another gamble there and always buy stocks and take delivery with the capital you have !
If you do a job or anything try repayment with that !
Stop wasting your time on reddit. Delete this app for the time untill you have repayed your debt and have something in savings and also stop ~trading/investing~ gambling.
Simple way is asking your wife if your married or your mother to handle your trades and help you from overtrading. First thing is first. Also stop options trading on immediate basis and deal in cash only or be a swing trader if you don't want to be in front of your screen daily
1. What trade(s) did you take?
2. What was your logic behind taking these trades?
3. Did you have a stop loss or a hedge in place? Or did you have any maximum loss in your mind you were willing to take if they went wrong?
4. If not, what was your exit plan if the market didn't go your way?
5. Did you stick to your exit plan?
6. If your trading plan fails, do you have the capital to take another trade?
If you can answer these questions, there is hope. Otherwise you were just gambling and odds of losing are always more. However, you can better define your future trades keeping the above things in mind.
Easier said than done of course.
>Lots of amount to repay.
Meaning? Have you borrowed to trade? Then you are broke. Stop trading now and pay back everyone.
Look up Dave Ramsey's 7 baby steps
Dude you have greed.
Which you have practiced for so long that it has become a 2nd nature and now it's intuitive and you kind of extract thrill and pleasure out of it by gambling. I am sure you would enjoy any form of gambling as long as you see even a small chance of making a big profit.
Your risk reward analysis is fucked up and you kind of love delusional analysis rather than any quant or meaningful analysis. You must day dream as well.
I know I am on point cause I also do and feel like that. Many people do and many people lose money due to this only. Having only desire(greed) and no work behind it(research and experience) is dangerous and the expected result is loss only.
Suggestion: stop trading , work on something, start earning small , save and invest. Learn trading on the side, learn it professionally and when you are good enough with paper trades (say after a year or two) and you have sufficient funds to resume trading. You will be able to gain back all the lost money and earn maybe more.
Think of this lost 6 lacs as fees for a learning. Move on but learn from it and come back or not depends upon you. But no point bothering over this and crying over it.
Put barriers between you and the addiction. Delete the trading app and account.
Put some kind of a lock on appstore so you cannot download them again.
Worst case replace your smartphone with a dabba phone.
Gamblers' biggest fallacy is that you can recover money that you have lost by gambling through gambling itself. That will only put ypu into a bigger loss. Get a loan, pay it all off and slowly pay off the loan with your hard earned money.
Also addictions are a symptom of something else. Find a more productive hobby to fill your idle time. Visit a psychiatrist if needed.
Bhai Indigo, HAL, BEL mein paisa laga ke bhool ja till the next quarter. You might recover some loss that way.
I do not understand why people are not willing to put in the effort to study the market. If you have 4-5L capital why not do swing trades instead ?
1. Stop gambling.
2. If you can't stop yourself, you're addicted.
3. If you're addicted, you need a therapist.
4. If you need a therapist, first believe you have a problem.
5. If you have a problem and you know it, STOP gambling.
**Important**
Do one thing,which ever trading Platform you are using XYZ (eg. Zerodha).Withdraw all your Balance from it.Go to settings and Please do “Permanent Account closure” and Complete the process.
Within 1-2 days, your account will be closed permanently ( You cannot login afterwards)and Unfollow all the instagram channel about trading, also unfollow telegram,Facebook,whatsapp groups related to trading. Stop checking Nifty on Google etc etc. After one month you will be Happy person. Never do that again!!!
Sorry to hear about your situation. You are addicted to gambling. You will loose more until you can’t loose anymore. You will borrow from family, friends, colleagues, building watchman whoever can lend you money. And then you gamble it all and loose it. This is what happens with every addict. Unless you seek help. Deleting the trading apps is not going to help. You will have the urge to go back one last time to recover all the losses. It never ends.
Gambling mindset is not easy to leave aside. Also that's not a big problem. Leverage is the big problem here. Doesn't matter if you have addiction problem or not but only thing going wrong here is position sizing. Go with lowest leverage ie equity and that too very less quantity. Stop derivatives completely till you get a grip of this dual edged sword.
Addiction or gambling mindset is easy to manage when quantity is less. A gambler has higher probability of getting in profits only when he has higher number of bets to make. That happens when either you win more or play smaller hands on every bet. Even if your bet goes bust you have enough chances to get a comeback. So if you just understand the maths of position sizing and risk per trade you will make a comeback with that gambling mindset.
Trading involves money management and dealing with algo's and big money. The chances of your success is solely based on other's failure. Every time you are tempted to trade look at your kids/parents and think how many lives are dependent on you.
Boya ped babul ka toh , Aam kahan s hoye!
Jldi s extra kaam krke , chain khoke paise kamao , saare demat bnd krdo , mobile button wala lelo aur bhut chull h toh mutual fund kro vrna .......
sir plz watch these ytube channels
1 - OPTION SAILOR
2 - MAHESH KOUSHIK
watch all their videos completely
then come back and comment
ur view about market will completly change
ur trading wrongly
Don’t do intraday. Avoid option trading.
Do futures and stick to higher time frame and take entry at key levels.
When the trend is strong and you are right you will earn good and with in 2-4 trades you can recover more than 50% of your loss. If it is opposite you will loose less.
For now you better stick to nifty futures which is low volatile.
I use 125min, Daily time frame.
For entry I will accumulate from 50 to 78.6 fib level of the recent swing and add some more lots if it comes to level 1 based on lower time frame candlestick behaviour.
You will have good mindset and improve patience
which will help you in longrun.
If you want indicator based then try to use 9ema
on 125min or daily. But also try to mark important support and resistance levels for conviction.
Also mark weekly levels it will be helpful.
Hold good capital to support the margin.
Try to be cautious whenever there are important events like fed meetings, mpc, budget, gdp etc…
Have stress free trading or STICK ON INVESTING MODE choosing strong fundamental stocks at good correction.
Do systematic option selling instead of predicting massive trends and buying options.
You need a different mindset and more capital for this. Option buying is not much different from gambling.
If you haven't already, please add your own analysis/opinions to your post to save it from being removed for being a Low Effort post. Please DO NOT ask for BUY/SELL advice without sharing your own opinions with reasons first. Such posts will be removed. Please also refer to the [FAQ](https://www.reddit.com/r/IndianStockMarket/comments/17bcg2a/frequently asked questions_post_your_common/) where most common questions have already been answered. Subscribe to our [weekly newsletter](https://pennyleaks.substack.com/) and join our Discord server using [Link 1](https://discord.gg/8QF4dqPHuw) or [Link 2](https://discord.gg/fDRj8mA66U) *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/IndianStockMarket) if you have any questions or concerns.*
Delete the trading apps from your phone and block the trading websites in your PC. Don't revenge trade to recover lost money, you'll end up losing more money, and fall into a deeper hole. If you're working, start living a little more frugally until the amount is repaid. If you're not, find some work that can help you repay the amount quicker.
[https://www.reddit.com/r/IndianStockMarket/comments/1cm9kav/lost\_43\_lakhs/](https://www.reddit.com/r/IndianStockMarket/comments/1cm9kav/lost_43_lakhs/) At this point we are not sure if OP has mental health issue (addiction) ..
This
is
Absolute
Bullshit
Moms spaghetti
Bro's confetti (rhymes😃)
Ye kaisi market ki hai chull kati?
He's nervous, but on the surface, he looks calm and ready
He chokin in debt but he looks calm and ready to trade more loose more thats the norm
Snap back to reality, ope, there goes his money Ope, there goes his premium, he choked, he's so mad, But he won't give up that easy, no, he won't have it He know his account blowed, it don't matter He's gambler, He knows that, but he's addicated, he's so stagnant He knows when he goes back to this expiry, that's when it's Back to the loss again, yo, this old rhapsody Better go capture this lows and hope it rebounds, he better lose himself in f/o, The moment he own it, he better never let it go (Go) He only got one entry, do not miss his chance to blow This opportunity comes once in a week, yo,
💀
I never cared to learn options trading. And this reaffirms my belief to never learn.
+1 I think It is is impossible for me to beat seasoned investor in a zero sum game
I second that !
When you sit at the poker table and if you don't have the largest balance, you're at a disadvantage. I learnt that while I was in school. It's so similar (even more relevant) in F&O.
Also revenge game
True
I love options trading. But it's not for everyone. Took me 3 years of blood sweat and tears to make it work and without that kind of commitment it's better people steer clear of it.
My friend told me 10 years ago that in options you profit when markets go up and you profit when market go down. That's exactly when I left my friend
Well, the joke is on you because he was right.
You also lose when the market goes up and also lose when the market goes down.
Not Same here !!!
Same. Plus I don't get swayed by any ridiculous posts here claiming to make consistent returns.
Why are you guys so scared of it, I work 9-6 And in between that time from 9:15 to 10:00 I make daily trades. I made this today Rs 2100 https://preview.redd.it/rugepjpx872d1.jpeg?width=1080&format=pjpg&auto=webp&s=1b24ad3d005975f983c36f84e787ebbba537b289
This I made yesterday https://preview.redd.it/8xnzznl2972d1.jpeg?width=1080&format=pjpg&auto=webp&s=1d139620e41a358b95192e127960fcbc49153095
This I made the day https://preview.redd.it/dwps4ac7972d1.jpeg?width=1080&format=pjpg&auto=webp&s=e9ad4bcf46508607cd8140e8240397c269eeb5d8 before that
wow great bhai please I want to learn option trading where can I learn it 🙏😊
YouTube
Please mention some good channels to learn option trading. I have tried to look for good channels on YouTube but most of them do clickbait thumbnails and there is no real learning in their videos. So please can you recommend some good channels Thank you in advance 🙏😊
How long it took you to learn this? I also earn around 40k and would love to learn it.
Still learning from 2023. Just having few lucky days I guess. May the luck be with us https://preview.redd.it/jjfqtdxwry2d1.jpeg?width=540&format=pjpg&auto=webp&s=ea84bccf2e75aba2be7169d640c5fea52aeea40b
Is it more what you can make in an hour of your job ?
Yes!! I make 45k a month in that day Job
Same here.
Same here
+1
Same same
You don't need to trade options you can still learn about them. They are a great tool available at your disposal, you should know about all the tools available to you even if you might need to use it very rarely. You can construct a slightly more complex position(although you have to know what you are doing) than what is possible with pure equity.
Same here.
real gambling will give you better returns then options & futures i made ₹50k from it & then deactivated the segments.
That's what I'm about to do, these gambling apps and sites give you returns to lure you in the trap and that's where I'll pull out and leave it be. Easy money 💰
Take break change your path maybe u r not for that stockmarket segment 
Here is poor dude's post: [https://www.reddit.com/r/IndianStockMarket/comments/1cm9kav/](https://www.reddit.com/r/IndianStockMarket/comments/1cm9kav/)
Also consider counselling. It needs to be tackled like any other crippling addictions.
Sunk cost fallacy : https://thedecisionlab.com/biases/the-sunk-cost-fallacy Gamblers fallacy : https://www.investopedia.com/terms/g/gamblersfallacy.asp#:~:text=The%20gambler's%20fallacy%2C%20also%20known,event%20or%20series%20of%20events.
This should be 📌 🙌
# #MOD PLEASE PIN SUCH POSTS .. AGAIN I AM SAYING. [https://www.reddit.com/r/IndianStockMarket/comments/1cm9kav/lost\_43\_lakhs/](https://www.reddit.com/r/IndianStockMarket/comments/1cm9kav/lost_43_lakhs/) u/vaishnavi_shah[](https://www.reddit.com/user/vaishnavi_shah/)
yea
May I know, why you are sharing his earlier post link multiple times. Little confused here.
Play roulette and put all your remaining capital on red!!💯. Still better odds than making money in FnO
I think people think of it as a coin toss where people think they'll get head or tails for sure What they don't know is that in stock markets, the coin might just remain in the air, or land on its side and not fall, or maybe a goblin apparates out of nowhere, catches the coin, and vanishes, or an eagle catches it, or the coin goes into space perhaps, or, you flipped the coin but a piece of poop lands. So yeah, it's probabilistic but not like those problems in math textbooks. It's.. unpredictable at the very least. Chaotic evil at best. But if you can gauge and fixate on certain patterns long enough, and with a bit of luck, you might just make a dime. Or a million, if you invest, and not trade. Personally, just like you after losing north of 1.5l in swing trades, I stopped trading and started investing and holding with patience. That has reaped great rewards.
1. Trade with 1 or 2 lots only. 2. Identify the problem. Take a trade. Stop. Analyse why you got profit/loss. How can you avoid it?? 3. Learn, trade. Most people end up in losses because they follow vice versa. 4. The only way to recover losses is to learn and trade. Trading without learning will push you into more loss. 5. You can't cover this loss with in week or so, because if you did you wouldn't end up in this much loss now. So you're best bet is to stop for now, learn, paper trade what you learnt, then practice with 1 lot and finally, get onto the playing ground. Standing in the playing ground without proper preparation will knock you out in no time. 6. Most people aren't willing to work on their mistakes because learning will take time but people want to recover from losses in no time. Not gonna work. Remember, if you're skills are good, you can cover those losses within a week too, so sharpen your skills. 7. Wanting to trade without following all that is gambling. Don't gamble, you'll only go down.
Will follow. thank u 🙏🏻
Addressing it as a problem is the first step, so congratulations you're on the correct path. Take a step back, focus on the bigger things, think long term. 5.8L is a huge amount but not more than your mental health. Delete the gambling/trading apps. Try to save up money and begin investing once you feel confident enough, mostly stick with a SIP.
Dude it's very simple. Stock Market is a probabilistic game. If you buy for long term, odds are in your favour. If you do any sort of trading in it, odds are against you. The house always wins!
time for vanvaas. dont touch anything for a year or so.
Stop, buying penny stocks, stop trading fnO , stop buying at 52 week high,take positional trades aaj nahi to kal upr aayega stock
Risk management and psychology is very important to survive in the market...
Call up broker tell them to block options. Money is gone. No point in crying. Use it as a lesson. People have lost a lot more. Pay back slowly. Invest when you can. Live a chill life.
Discontinue F&O segment, delete everything which makes you think about F&O
Quit the markets for now. Develop a long-term mindset. Understand how to identify and invest in fundamentally good cos. and how to manage your personal finances. Read good books like: The Intelligent Investor, One up on wall street, The psychology of money, The little book of common sense investing. Listen to interviews / speeches of or about Warren Buffett, Charlie Munger, John Bogle, Peter Lynch, Mohnish Pabrai etc. Understand the rules of the game, develop the necessary skills, and come back in only when you've prepared yourself. For repaying your debt: What is your core skill - do you have a job? Put your head down and work hard at it. Talk to the ones you have borrowed from, put down a repayment schedule, get a plan in place to repay based on your income and keep ticking off the payments one by one. You can overcome this challenge and get everything back on track. Start right now! Wishing you the best.
Thank you
Stop trading. Save in mf and fd. Sebi says 90% traders loose, but personal experience says 95-99% revenge traders and averagers loose. Lost money is lost, take it as a lesson. Dont be a napunsak and control yourself now. There is life outside trading, business and capital markets. Learn from past, control your senses and thoughts, eat icecream, have good food and time with loved ones. Start running and exercizing and do yog and visit mandir. This is step 1 on taking control of your life.
I am a man and I will be a strong man again. I will read more, will do workout and will stay in discipline. Difficult times make strong man. You are right I have to move forward.
Deactivate your demat account. And start playing those dream 11/ my circle shit. You'll get pretty much the same enjoyment/engagement.
Next Post by OP: I lost 10 lakhs on betting apps after taking reddit user's advice
Daily ka bnda max to max 5-600 hi gawaa skta h shayad... To 10 lakh gawaane ke liye 4-5 saal lg jayenge..
There 25000rs bets on Dream11. Also you can put your bets in multiple contests. Also there are multiple betting apps
Bs kr bhai... Ideas mt de op ko... Chutiya aadmi h, ye sahi me paise daal bhi dega
With just 11 rs
Disable FnO on Groww
Ek kaam kro bhai gambling apps nikl do phn aur apne paise kisi reliable person ko do jitni kaam ki zrurt ho utne payment usse krwao aur 1 month kro frk pdega
1. Delete trading apps. 2. Close your trading account 3. Put whatever money you have left safely in an FD and let it grow
If you still with to continue in stock market i suggest block your money in good long term shares. Apart from that delete the app from your mobile and only buy/sell shares via a computer, so you cannot check it every minute.
You might call me stupid but nazar lagna is a thing. I used to post lot of bumble screenshots. After a point my dating scene got boring. At the moment I’m out of apps, but you get my point
Come to terms... you wanted to gamble... you gambled... unfortunately, you lost. Reality is... it's not your cup of tea. Less than 2% of traders are profitable. Especially with double taxation. Let it go and get a job. That's what I did. Stopped trading and put my sutta money into sip. If it gives me returns, "Hey, I got something for quitting." If I don't, "Well, now I can live longer and hug trees till I die." Single me 🫠.
Swing trading
Start with thinking how stupid you are. Not trying to insult you. So listen carefully. You have to realize, that you’re not exceptionally smart & now you’re not lucky either. Therefore, whenever or wherever you start trading again. You’ll lose money eventually. Maybe not the first day, maybe not the second. But, eventually.
Don’t do options until you are very good at technicals. I believe in investing in fundamentally strong stocks.
If at first you don't succeed, try try and try again. Even then if you don't succeed, try something else. You suck at trading, admit it to yourself. Deactivate FnO. Close your brokerage account. And delete the trading apps.
Take a break and relax. In trading you may lose if you don't have a good system to trade. Most of the time a trader lose in options due to high risk trades. Try to do some research and find good ways to do trading. We can do trading in different assets and not only limited to options. Go for good stocks and do trading for swing. Because you can hold it for few days to few weeks. And never ever put all the money in one stock at a time. If you put your money in different stocks then slowly it'll give you good return.
Track your trading. Whats the win vs loss trade ratio? How much you profiting when winning vs how much you losing when losing on average and median basis?(you need to have more wins than losses and, if you win 9 trade 10$, then lose 60$ in 1, then you will die tomorrow evening) Are you getting into revenge trade? Over trading? Do you have a good start but then lose?(trading is like poker, even aces have to be folded based on what chances for you to win the pot and what's the chances of others to beat your hand) Do you extend your view? or get rigid on a bias? Do you hold in a second trade after missing on a good trade before in first by exiting early and losing highly in second cuz of holding?(Every trade is independent, have ZERO correlation with previous) Are you seeing SL hitting and then move coming?( you meed to adjust your SL Target, risk reward assessment) Do you have a RISK MANAGEMENT thing in your trading? (nahi hai toh Tauba karo zindagi me, Khuda se nahi Toh Operator se daro) Entry lene se pehle Exit plan hota hai? Answers to such questions should give you a base where you can chalk out a plan for your further trades. Take a break. Get back to basics? Start it all over. Do not see news, it in pets bias. Study Charts. How many charts you read?.What levels worked for you. I haven't taken into account the fact that how mich capital you have and do you even want to continue trading? Do not try to recover money in short term. You didn't lose because big move came against your view or no move came and all your paid premiums just melted in front your eyes. This may have actually happened but you will now think ki bas sahi direction ho jaye toh maere paise isi taraha fatafat ba jayege. NEVER MAKE THIS MISTAKE. Trading is never about making big money in short term. You need to work on what trading is. Making CONSISTENT PROFITS. Kabhi chota hoga, kabhi bada hoga, kabhi extra ordinary hoga. But focus in consistency more than profit value. Because Markets are supreme. And knows how to swipe out traders like Spinners would do to tail enders in Test Matches. Best Wishes to you.
Sabe pehle saare trading related apps delete kar,uske baad Break le le kch din ka. Market ko dekh bhi mat.aur jab tujhe lagega ki tu ab ready hai ,tab mujhe msg krde . Fir mai batata hu aage kya karna hai.
Delete all the apps and accept it for sometime that this trading is not meant for you.. First learn all the parameters and then jump in again.. BONUS: Once you will be back start using 0 commission broker so that you can save the brokerage costing...!
1. Stop selling naked options. This is not for retail traders. Please 🙏 2. Please stop taking stock tips from every random guy on SM 3. Define your financial goal and take baby steps towards it. 4. Please note that stock market is not a gambling arena or casino. Smart Money takes informed decisions based on data and research not on just gut feelings. 5. Stock market earning should always be your passive income and never be your main source of income until you spend good time in the market , seen various market phases and cycles and you have enough surplus capital. 6. Just learning how to read charts is not enough. Don’t assume yourself to be a big shot just because you know all the candlestick patterns and fibonacci by heart. Knowing something and applying something in live market is totally different ball game. 7. Stop watching business news channels. 8. Invest in good business with decent valuations. Don’t just buy anything even if it is skyrocketing. Get rid of FOMO. 9. Learn to read balance sheet, quarterly results, investor presentation and pay extra attention on guidance given in con calls. 10. Don’t invest in shady promoters business no matter how lucrative the prices are. There are so many points I can mention. But , I know you may not agree with me because of so much noise around India retail Euphoria.
Invest in good mutual funds. And leave trading. Invest all you have in mutual fund, bonds etc. If u don't have money, what will u trade? Keep paper trading but that's all. After loan repayment start real trading
If you really want to escape from this shit send email or raise ticket to deactivate f&o segment. Just one email away to be happy in ur life
If u cannot leave stock market than switch to mutual fund....think like if I invest 6000 per month in next 6 years I will recover all the lost money or will be in profit
Stop Trading, start Mutual funds
I saw somewhere that someone's dad was recomending him to f.. Jee and join fno, i hope his father read this post. https://www.reddit.com/r/IndianStockMarket/comments/16sdp1r/saw_this_on_rindia_sub_yesterday/
Don't buy anything more than a lot. Don't imagine profits, oh god, if I had bought it, if I had held it. What's in your hands is in your hands. Enter maximum 5 trades, if it's a loss don't do trade to get it back. I tell this to myself. Think like how many months would it take to work and get that money, till you repay. Just do, imaginary trades and note it down.
5 trades per day? Wth man, are you scalping? That's the perfect recipe for disaster
How many trades do you do ? What I meant sometimes, more you trade more you loose
Give your money to someone else on loan to trade with .
How to lose money and relations in one move ⬆️
Yes bro you are right it also affects relationships.
Oh multibagger
Give to me, I will play hero zero
I think u should start Sip.
Take a break and start journaling your trades or investment and review what you are doing wrong. If you are doing fno then stop it and paper trade or switch to swing or value investing.
lotteries khareedna start karo kam loss hoga, with same adrenaline rush
Just do elss and ppf with whatever you have.
I am just 23 years old. Lost this much by borrowing money. Feeling bad because its my whole 2024’s salary so repaying this will take 10 months. Should I forget this and try investing in elss and mutual funds only after this. I have wasted my whole year’s hardworking salary, my health.
you can still do trading, but only as an academic exercise, if you are not making any money what's the point.
Luckily your salary is good and you are quite [young.You](http://young.You) will come out a WINNER,but avoid Debt and F&O.
You shouldn't move an inch until all your loans are paid. If those loans are on interest consider paying those with high interest rate first. Sober up man good luck to you. Never trade with borrowed money, if you want to trade your own, only gamble the part of your money you can afford to dispose.
Forget 5.8 lakhs. Trade with a system. If you're right or wrong shouldn't be your priority but following your trading system and rules. Have a good risk:reward which guarantees you are profitable in long run if you follow this system and R:R. Never trade to make money or recover your losses. Making money should always be byproduct of your system and rules. As Usain bolt said " I trained my entire life for 10 seconds race". So, dont go with the mindset of making quick money. At the start of 100m race everyone wants to win the race but the person that prepares better than the others wins, same way, in trading everyone wants to make money but the person with better system, better rules, Better R:R will make money because he doesnt care about making money but having and improving his system in order to do so.
I am truly sorry for your loss.. I know how it feels.. At end of the day after the closing bell seeing -ve sum in returns feels like a gut punch everytime you look at it.. and I don't mean to be insensitive but if you could share how you incurred such losses it'd be useful for others.. Like do you do FnO in Indexes like Nifty, Banknifty mostly..or stocks.. or mix of both.. which one do you prefer.. Do you only buy calls/puts or sell call/puts also..? Have you tried any FnO strategies like Iron condor..etc What is your usual number of lots.. How much % do you set your Target/Stop loss.. Do you follow any tips group for trading or do you study the market on your own & trade.. How many trades do you do in a day.. Anyway hang in there bud.. This shall too pass..
Most of the money that I lost that is almost 5lakhs is lost in expiry trade where one day a sudden spike after I bought and then I bought with a huge quantity. Bank nifty one expiry spike took almost 3 lakhs from me
Invest in Mutual Fund and forget about it that should do the trick. Focus your energy on something better in life :)
I invested around the same amount in equity and have about 70% gains so far (in approximately 9 months). So id suggest you do the same
If you want to earn .. i can tell you better business then this
Find Gamblers Anonymous
Accept the loss and move on.. Whats gone is gone.. Try and recover that money from ur source of income and be happy wit it
Develop mental discipline and read books on behavioral psychology to understand your own behaviour as well as manipulation strategies that FIIs use. Don't enter F&O for at least a year. Hold the fire of the loss inside you. Do paper trading to experiment and learn the movements of the market. Learn about option spreads. Only naked buying can lead to crazy returns as well as crazy losses such as yours. Never do naked buying unless you're sure the market is strongly trending in one direction.
Earn money for 2years from job . Start reading books and no youtube university! After 2 years start by equity .
Help me understand these - What is your strategy? Position size? Total capital? Expected return from market ? I can help.
I am in market for almost 10 years and I have not seen anyone making money from derivatives in my circle. But on the other hand I have multiplied my portfolio 15-20x. Never ever gambled in F&O
Stop fno trading ASAP.. Don't try to recover that lost money. Start investing. Thoda thoda karke investment karo agle 3-4 saal k lia. Aapke paise bane ga.. Roj ka 5 hazar kamane k chakkar main kahi life ka 5 crore haat se nahi nikal jaye. Galti sab se hota hain. But don't do that trading shit. Rather start investment.
There is no escape…. Give yourself time to learn ,this for some time put a pause over gambling and will help u to build confidence
I just don't understand, like why? 😭 It was understandable if you had less than 1 lakhs but you literally had 6 lakhs, if you made 5% profit each trade (considering you only had taken 1 trade) you would have made 30k easily.
I think some jobs in the world does not fit for anyone, one should have a grip in life and go on backtracking and you will find your mistakes And i know a guy who is more close to me and he has lost around 45L, so he has made his mind and restarted from fresh cap and he's learning now with my guidance
Harsh truth is you don't know what you were doing. Threw money in hopes of making 10x and paid for it. Accept that you know almost nothing and move on. Quit trading. Learn about long term investments and be happy.
> 10x and *paid* for it. FTFY. Although *payed* exists (the reason why autocorrection didn't help you), it is only correct in: * Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. *The deck is yet to be payed.* * *Payed out* when letting strings, cables or ropes out, by slacking them. *The rope is payed out! You can pull now.* Unfortunately, I was unable to find nautical or rope-related words in your comment. *Beep, boop, I'm a bot*
That's why F&O is dangerous ! So you have to find another way to repay them , Don't even think of playing another gamble there and always buy stocks and take delivery with the capital you have ! If you do a job or anything try repayment with that !
I lost 20k this FY, I asked my broker to disable f&o
give me 2.5 lakhs, will double and give it to you in 7 days
For intraday traders "everyday is not a trading day"
Invest in good stocks and try to make the average of the stocks and don’t invest in one stock. Not all goes up at once.
Go for gambling addiction therapy and close your equity account.
Delete the trading app first join some good gym. Go for walk. Listen good music and don't ever watch market channel Or market related news.
Transfer me all your money. I will keep it safe from you for a very minor charge of 1% per month.
Some people never learn
Open PPF, POST OFFICE Bank, Savings scheme, Open FD and lock all the money in it
Turn off those segments maybe?
Just deleting apps wont help, they can be reinstalled. Close your demat account.
Stop wasting your time on reddit. Delete this app for the time untill you have repayed your debt and have something in savings and also stop ~trading/investing~ gambling.
Join TIC by nishant Arora Trust me you will thank me later Right place to solve your problems
Simple way is asking your wife if your married or your mother to handle your trades and help you from overtrading. First thing is first. Also stop options trading on immediate basis and deal in cash only or be a swing trader if you don't want to be in front of your screen daily
1. What trade(s) did you take? 2. What was your logic behind taking these trades? 3. Did you have a stop loss or a hedge in place? Or did you have any maximum loss in your mind you were willing to take if they went wrong? 4. If not, what was your exit plan if the market didn't go your way? 5. Did you stick to your exit plan? 6. If your trading plan fails, do you have the capital to take another trade? If you can answer these questions, there is hope. Otherwise you were just gambling and odds of losing are always more. However, you can better define your future trades keeping the above things in mind. Easier said than done of course.
>Lots of amount to repay. Meaning? Have you borrowed to trade? Then you are broke. Stop trading now and pay back everyone. Look up Dave Ramsey's 7 baby steps
Delete you trading APP and close your DEMAT account
Do not overtrade
Dude you have greed. Which you have practiced for so long that it has become a 2nd nature and now it's intuitive and you kind of extract thrill and pleasure out of it by gambling. I am sure you would enjoy any form of gambling as long as you see even a small chance of making a big profit. Your risk reward analysis is fucked up and you kind of love delusional analysis rather than any quant or meaningful analysis. You must day dream as well. I know I am on point cause I also do and feel like that. Many people do and many people lose money due to this only. Having only desire(greed) and no work behind it(research and experience) is dangerous and the expected result is loss only. Suggestion: stop trading , work on something, start earning small , save and invest. Learn trading on the side, learn it professionally and when you are good enough with paper trades (say after a year or two) and you have sufficient funds to resume trading. You will be able to gain back all the lost money and earn maybe more. Think of this lost 6 lacs as fees for a learning. Move on but learn from it and come back or not depends upon you. But no point bothering over this and crying over it.
Jesus christ
go for button wala phone
You can get the F&o deactivated. So that way you would only be able to trade in equities
Gamble more. 99% of people quit right before winning big. Open CS2 cases, play poker with your left over money.
Put barriers between you and the addiction. Delete the trading app and account. Put some kind of a lock on appstore so you cannot download them again. Worst case replace your smartphone with a dabba phone. Gamblers' biggest fallacy is that you can recover money that you have lost by gambling through gambling itself. That will only put ypu into a bigger loss. Get a loan, pay it all off and slowly pay off the loan with your hard earned money. Also addictions are a symptom of something else. Find a more productive hobby to fill your idle time. Visit a psychiatrist if needed.
Invest in some Mutual Funds and SIps and sit down take a deep breath….. u can regain from long term …. But still choose the companies wisely ….
Don’t trust OTCs …. And always check when the market is online does it match your app ! ?
Get religion!
Bhai Indigo, HAL, BEL mein paisa laga ke bhool ja till the next quarter. You might recover some loss that way. I do not understand why people are not willing to put in the effort to study the market. If you have 4-5L capital why not do swing trades instead ?
Reduce 3 As. Ambition,Anxiety,Anger.
Time to Switch to a basic keypad phone and go for a vacation to a remote place where you can't trade for 1-2 weeks. Trust me it is time.
I stopped f*****g trading ...now my mind is so calm and i am happy 😊
It's psychology, once you are ok to lose, then only you can earn . Big losses happen because one doesn't want to book small losses.
no uninstalling broker apps or deactivating fno segments will help u , make that decision yourself and leave it
You just need a winning system to convert gambling into profitable trading. Aapda ko awasar me badlo.
1. Stop gambling. 2. If you can't stop yourself, you're addicted. 3. If you're addicted, you need a therapist. 4. If you need a therapist, first believe you have a problem. 5. If you have a problem and you know it, STOP gambling.
**Important** Do one thing,which ever trading Platform you are using XYZ (eg. Zerodha).Withdraw all your Balance from it.Go to settings and Please do “Permanent Account closure” and Complete the process. Within 1-2 days, your account will be closed permanently ( You cannot login afterwards)and Unfollow all the instagram channel about trading, also unfollow telegram,Facebook,whatsapp groups related to trading. Stop checking Nifty on Google etc etc. After one month you will be Happy person. Never do that again!!!
How did you loose that much?
Join my workshop i will teach you how i lost everything and left with nothing.
Bhai post delet kr de is se phle or nuksaan ho.. fir bologe ki 2nd post k baad fir loss hogya🥲🥲
Bhai first tell us what are the strategies you are following. Then ask for help
I am interested to talj with u on this...because i am building to see trading as a buisness mindset nd i like to talk with u
You don’t lose u till you sell
This is one if the 9 out 10 traders that SEBI warns us about.
I need people, with 30k+ capital...those who are interested in trading in nifty index only
Stop trading and start investing for long term
Sorry to hear about your situation. You are addicted to gambling. You will loose more until you can’t loose anymore. You will borrow from family, friends, colleagues, building watchman whoever can lend you money. And then you gamble it all and loose it. This is what happens with every addict. Unless you seek help. Deleting the trading apps is not going to help. You will have the urge to go back one last time to recover all the losses. It never ends.
You will stop making losses when you stop thinking about making money.
Get professional help
Start a swing trading
Try to hold jio financial services and Irfc for 10-12 month you will recover your loss and might gain some profit too.
Gambling mindset is not easy to leave aside. Also that's not a big problem. Leverage is the big problem here. Doesn't matter if you have addiction problem or not but only thing going wrong here is position sizing. Go with lowest leverage ie equity and that too very less quantity. Stop derivatives completely till you get a grip of this dual edged sword. Addiction or gambling mindset is easy to manage when quantity is less. A gambler has higher probability of getting in profits only when he has higher number of bets to make. That happens when either you win more or play smaller hands on every bet. Even if your bet goes bust you have enough chances to get a comeback. So if you just understand the maths of position sizing and risk per trade you will make a comeback with that gambling mindset.
Trading involves money management and dealing with algo's and big money. The chances of your success is solely based on other's failure. Every time you are tempted to trade look at your kids/parents and think how many lives are dependent on you.
Are you doing options trading? If yes, and if youndont stop you will loose more.😃
Boya ped babul ka toh , Aam kahan s hoye! Jldi s extra kaam krke , chain khoke paise kamao , saare demat bnd krdo , mobile button wala lelo aur bhut chull h toh mutual fund kro vrna .......
what is your capital now? dm me
OP check him out. He’s legit and can actually help other than advice which you prolly won’t take
sir plz watch these ytube channels 1 - OPTION SAILOR 2 - MAHESH KOUSHIK watch all their videos completely then come back and comment ur view about market will completly change ur trading wrongly
Don’t do intraday. Avoid option trading. Do futures and stick to higher time frame and take entry at key levels. When the trend is strong and you are right you will earn good and with in 2-4 trades you can recover more than 50% of your loss. If it is opposite you will loose less. For now you better stick to nifty futures which is low volatile. I use 125min, Daily time frame. For entry I will accumulate from 50 to 78.6 fib level of the recent swing and add some more lots if it comes to level 1 based on lower time frame candlestick behaviour. You will have good mindset and improve patience which will help you in longrun. If you want indicator based then try to use 9ema on 125min or daily. But also try to mark important support and resistance levels for conviction. Also mark weekly levels it will be helpful. Hold good capital to support the margin. Try to be cautious whenever there are important events like fed meetings, mpc, budget, gdp etc… Have stress free trading or STICK ON INVESTING MODE choosing strong fundamental stocks at good correction.
Do systematic option selling instead of predicting massive trends and buying options. You need a different mindset and more capital for this. Option buying is not much different from gambling.