Trading Again

aja

Well-Known Member
#1
I am aja.I have lost 16.03Lakhs in Trading and I left with hardly 50k in hand.I was expecting to recover my 95% loss with remaining 5% capital.

It took me almost 5months to realize that my loss can't be recovered and I have to let it go.

Many suggested me to quit trading.Instead of quitting,I will continue trading with 50k and aim for only 200-300rs daily.

Hope you guys are doing well.

Thanks
 

LoneWolf

Well-Known Member
#4
I am aja.I have lost 16.03Lakhs in Trading and I left with hardly 50k in hand.I was expecting to recover my 95% loss with remaining 5% capital.

It took me almost 5months to realize that my loss can't be recovered and I have to let it go.

Many suggested me to quit trading.Instead of quitting,I will continue trading with 50k and aim for only 200-300rs daily.

Hope you guys are doing well.

Thanks
Hi Aja, welcome back. I wont comment on if its possible or impossible If you are doing right or wrong or anything like that..BUt I hope you have learned something out of all this, and you will use that as your strength now for your own benefit. Good luck and never give up..
 
#5
Personally I feel it is not possible to recover that much amount.
You already took 95% Loss so even to breakeven you need more than 950% profit. Forget the Loss. You are not alone. I and thousands of other traders also gone through that stage. Only difference is Lost Amount. You will not see 90% Losers again in the market. We are in remaining 10% who learn from mistakes and can easily make profit in market.

Most traders struggle with the urge to chase their losses. Chasing losses simply means trying to win back money you’ve already lost by trading more. Unfortunately, chasing usually results in more losses, which can then lead to more chasing creating a vicious cycle that can be difficult to break.

So ..

Lets begin with new start.
Hope you already learn from your losses.
Avoid Future/Options until you get succeed in equities.
Try some new Strategies.
Don't forget Money Management and Risk Management.

And Yes ..

untitled.PNG


BEST LUCK BRO ... :)
 
Last edited:
#6
Aja,

Welcome back and best wishes for your second inning in trading.

Smart_trade
 

rjshem

Well-Known Member
#7
Nice to see u back again aja. All the best .200 to 300 rs is fine as long as u have a high sucess percentage of winning trades ie 70% and above if not will be difficult to attain consistent growth in long run.also u need to make atleast double of what u risk per trade in ur winners to make consistent gains and succeed as costs eat up a lot of profit.how much u win in ur winning trades compared to what u lose in ur losing trades is the holygrail of trading for me .so focus on increasing ur reward compared to what u risk as much as possible. wishing u all success keep the grind going keep working hard if u do u will definitely reach where u want to be.
 
Last edited:

kingsmasher1

Well-Known Member
#9
@aja This post might get you to high spirits again, but few people might not like it.

For those people who say - it is difficult to recover, i beg to differ. What you only need is a turnover of 8k per month..yes, you heard it right. It is 8k pm only.

Lets say you are now 30 years of age, and seeing your enthusiasm, i am sure, you would love to trade for next 10 years of your life. 8k per month, taken for 12 months a year approx gives 1 lakhs a year. Doing this consistently will recover you close to what you lost after 10 years from now. (NOTE: I have taken just 8k pm. 500Rs for 20 trading sessions will get you 10k !!)

Next - You need to ask yourself - Why do you wish to continue trading?
If you are doing this to recover your loses, take my word - Leave it rightaway, as you might hit an even bigger one. Revenge trading never works !! There are better jobs in the world, where you get more than what an average retail trader earns. (Remember the post where you asked, how many earn 1 lakhs pm, and how many answered yes?). However, from an average job, it is very easy to earn 1 lakhs pm.

However, if you are trading for the love of the game, then whether you gain 500Rs or 100Rs should not matter. Please DO NOT TRADE for money. It never comes to you. Money should be a by-product of sound trading.

Next is, i have seen couple of last posts from you.
Pardon me, but i can see several scope of improvements in your trading approach. I won't point all of them, but
I heard you say have a 50 paisa stoploss !! Stop loss should be put based on the market volatility. It should ideally be a multiple of ATR (the easiest indicator to measure volatility). 1 ATR is what is ideal, or you can target the previous pivot as stoploss. Exit the trade, even before it hits your stoploss.

Next is i heard you say about VWAP. While it is a good intraday indicator, but it should be with a combination of several others (most importantly one of them being volume based indicator and pivot.)

Make a daily goal. If you hit Rs.xx as loss, stop trading for the day, or if Rs.xx+n stop trading for the week etc.

Next is - Please don't follow any self-proclaimed trading gurus of any forums. I know a few personally, and most are big time losers, who gives so called "gyan" in forum to get a boost of ego, after their big time loses.
It is obvious, if i have a secret money making strategy i would hide it inside the strongest of lockers, rather than sharing it worldwide.
(But of course there are exceptions.)

I had shared one of my methods here with a few people to get comments, but soon i realized that doesn't work, and i have completely changed my trading method now from what i shared earlier, and i don't share my trading method with anyone (whether it gives me good results or otherwise).So, i am not sure why anyone else would share theirs, if it is really making them money.

Finally, i am not sure why you get so much of loses, but i will tell you one of the things, which i used to do. The popular concept of buy low-sell high doesn't work in trading. YES IT DOESN'T WORK.

If something is going lower (it has a good reason), and it might go even lower, you don't know where the support is, similarly is something is high, it might go even higher. Don't think of shorting it.

(Follow the trend - don't go against it - It always works)

Finally, one last unsolicited advice - If you are an intraday trader, do not trade futures, or rather i would say even equities. Trade with options, and hedge it if required. It will help you a lot.


Sorry for all the unsolicited advises.
Wish you the best, welcome back and happy trading !! :)
 
Last edited:

Similar threads