already lost 90%!

RSI · #61 30th January 2007, 03:50 PM

Quote:

Originally Posted by CreditViolet

Your job as a trader is to capture certain amount of price range in a risk efficient manner, nothing more nothing less, money is a just a by-product.

CV

You have put the very essence of stock market trading in one single simple sentence. Congratulations.

R. S. Iyer

beginner_av · #62 30th January 2007, 05:01 PM

I have not read any of the replies....pls excuse me...but i would like to ask you...
do you really want to play with futures or your future?

Nodaytrading · #63 31st January 2007, 12:01 AM

Option trading is totally money losing business and futures trading will kill you day by day --- my 5 years exp.

As Warren buffet said - Derivative is a mass destruction weapon.

------------------
Find a day job and ferget past

raosrinivas · #64 31st January 2007, 11:13 AM

Quote:

Originally Posted by shobhendra

hi this is shobhendra tiwari, i am from gwalior, i am a FnO trader and allready lost 90% of my capital.I need to recover fast to save me and my family, plz help with ur trading systems.

i made small profits in 2004,2005 in stocks. in 2006 i made a small loss, i wanted to regain the lost amount and started seeing opportunities in everything i come across. the small loss has become a big loss. my lesson is never trade/gamble to regain what is lost. you should start with a fresh mind cautiously.

thank you
Srinivas

Agilent · #65 31st January 2007, 01:25 PM

Quote:

Originally Posted by raosrinivas

i made small profits in 2004,2005 in stocks. in 2006 i made a small loss, i wanted to regain the lost amount and started seeing opportunities in everything i come across. the small loss has become a big loss. my lesson is never trade/gamble to regain what is lost. you should start with a fresh mind cautiously.

thank you
Srinivas

Well said

Unfortunately all this advice seems to be falling on him like water on a duck's back

Meanwhile, some members continue to lure him with quickfix/fastmoney thru' swing trading /daytrading opportunities. With respect, those people forget .. that strategy may be good enuf for them as they are sitting on large profits and can afford to gamble away some , even as they hopefully make some more (God bless them !)

Maybe he likes to live on the edge ... it will be sad if he falls for those traps

AGILENT

radkris · #66 31st January 2007, 05:01 PM

Quote:

Originally Posted by shobhendra

hi this is shobhendra tiwari, i am from gwalior, i am a FnO trader and allready lost 90% of my capital.I need to recover fast to save me and my family, plz help with ur trading systems.

Hi Shobhendra Tiwari,

Most to the traders' story, both successful and unsussecul are similar to yours. We enter this trading ground as pure gamblers, knowing NO fundamentals of trading, thinking that we can make easy money overnight. Hence some loose heavily even 100% of their capital and give up the trading once for all. One way you are lucky that u have lost only 90% and you have the intitative to continue the trading. The need of the hour is education, and you are in the right place for that. Spend some time on daily basis to teach yourself from this forum. Thanks to Traderji and all our seniors who have contributed so much to this forum, for the begineers to learn. We make a mistake of going straight to f&o, it's like joining the college without doing our primary & highschool education. By loosing some money you have only learned a lesson. So take this as your first lesson, prepare yourself for the big Time. Take out greed from your mind. Lost is lost & forget about it. It's going to be a new beginning for you. learn and trade with your remaining capital. I am sure you will be a great trader one day.
Wish you all the success.

Radkris.

shobhendra · #67 31st January 2007, 05:33 PM

ThanX to all, here i wish to tell you some about me.
1. I am a mutual fund distributor
2. I am father of 9 month baby
3. All I lost is borrowed and the reason behind it is separation problem which normaly every hindu family face after marriage.
4. I have liability of more than 15.8 lacs
5. I don't have any equity as backbone instead that dead "datapro information technology", which is about 1.5% of total
6. I know fundamentals and technicals
7. All I lost because of my greed and impatient
8. My biggest fault is my dream to be millionaire and I'll be one day
9. Another fault "not to trade wat I plan" and not to trade wat I advise to others.
10. Another fault is to have faith in INDIAN ECONOMY, which is a callgirl at political perspective.

but

I am a quick learner, family lover, optimist and hard worker.
I will be wat i want to be.
It will take some time but I know I can win.

few of my recommandations (wat I gave to others and not followed by me):
IVRCL Infra 340 call @ rs. 8 (november)(lot size is 1000)
last price was 42
Nifty 3900 put @ rs. 18 (December) (lot size is 100)
price was 175 in two days
IFCI 17.5 call @ rs. .20 (January) (lot size is 31500)
last price was 6.80

And many more.....
but I still need ur help to reach my goals.Only your best wishes and lots of knowledge can do this wonder.
ThanX again
Shobhendra Tiwari

srisara · #68 31st January 2007, 06:01 PM

Shobendra,

You have all the ingridients to make a good trader and you can make a living from markets.

But you have far too many weaknesses out of which the main culprits are

1. Greed - borrowed 15 lacs and traded so lavishly? (say foolishly)
2. Discpline- You dont look discpliend at all.
3. No Strategy - You have never had a strategy when you have atleast started to loose 30% of your capital

Tell me one thing? What are you gonna do with all those millions you want to earn from the markets? A bit philosphical approach to trading and markets will make you a more rational man.

Try to stay calm and realise the ultimate goal of Life. I am also in the market,not just for fun but to make some money. But, I have set my goal which are realistic. I never set a target to make crores and crores in months. If it happens, it will happen with hard work and being more rational.

Things you Need
1. Strategy - how are you gonna pay those 15 lacs back? How long the creditors will wait for you?
How fast can you earn it back from markets? If you set yourslef very fast, there is all the chance that you will loose that fast too.

2. Start of with a some X amount of Capital, go for a Money Management Techniques, search in the forum on Money Management Techniques. Go for Strict Stop Losses, Trailing Stop Losses. If you are happy about a trade, take the profit out, nothing wrong in it.

3. You need to decide, whether to go for high risk trades (Futures & Options, Day Trading) or Delivery Trades (low risk)

4. Look for an alternate income, in terms of Job or anything etc.

It is Good that you have very young child, so you have age on your side. Imagine, if the same money you lost at the age of 50-60? No Physical Strength nor Mental Strength to come back at that Age.

Treat Markets like Father and respect them. If you think of Revenge, You will be the looser and not the markets. As, Markets are always Right, whether they are Up or Down.

Best of Luck
Satya

Agilent · #69 31st January 2007, 07:01 PM

Satya

A beautiful piece of advice ... specially that bit abt his need to choose between high and low risk strategies (... exactly my advice earlier)

except (I can't resist ... I see it so many times) loser is spelt with a single o.

AGILENT

PS
And folks ...( sorry to digress, but ...) for heaven's sake , its scrip , not script

shobhendra · #70 31st January 2007, 07:05 PM

ThanX to Satya and Agilent for encouraging me.

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