Friend,
I too lost about Rs.4,00,000 in F&O trading. The directional trades in F&O break our back mercilessly just because we did not want to spend to insure the trade by hedging.
Trading is, I strongly felt and learnt, something which is associated with our psyche towards market. Until and unless you find the balancing synch between our psyche and market we are not going to make it. I spent around 6 months in introspect my mind and my behavior towards the trading.
Finally I devised a strategy based purely on my psychological comfort level and my ability to see the next move of market. It seems working for me. I am now comfortable with my trading and the final result.
I drastically reduced the capital.........and now I trade only Nifty futures.
See yourself How I am faring with this new found mind game.
July series : Traded for 7 days (six days won) and made a profit of Rs.39,000I have lost bare minimum on loosing day. I have made 39% of my capital in trading account.
August series: Traded for 3 days and all days won and made a profit of Rs.10,000. I have made 10% of my capital in trading account.
September series : Traded so far 7 days and all days won and made of profit of Rs.67,000. I have made 67% so far of my capital in trading account.
(****each day I make around 3 to 6 trades......and I gave end of day results)
Giving details..........so that it will help you to look into mind mapping to rewire it and approach markets with a new found strategy.
all the best.