Only 45k Left

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vijkris

vijkris

Learner and Follower
#21
#21
goldenedge

goldenedge

Well-Known Member
#22
#22
aja said:
Hello Again :)
My story of losing money in stock market is very painful.So far I have lost 7 Lacs trading F&O. :mad::annoyed::( I was left with Only 50k in hand.

I had 5k loss in mid Dec 2016. :( From that day I am not trading at all.
I removed my thread Only 50k Left in a depression,considering not to trade again and not to visit here again.

Now,with this 45k in hand,I want to recover all my loss.I still have some Hope left.
Click to expand...
Brutal truth: You have to forget about your 7 lakh loss. Sorry but you are not going to gain it back.

As long as you 100% mentally accept your losses you cannot do anything except losing. (you didn't completely accept because you are still focused on recovering your losses)

Assume that you are starting with 45k account: since you're starting with a 45k account, have reasonable profit expectations. Depends on your strategy but 5k profit goal per month is absolutely fine.

Let's get back to business. Here's your guide: Yes, you still have hope. You can gain it back.

But first, you must 100% mentally accept loss and imagine that you started with 45k account. Focus on attaining that modest 5k per month profit for 3 continous months..trade consistently.

Your account should be around 60k. Then add 40k and increase your profit goal for 10k per month. Keep on doing this every few months (faster if you're really consistent). To recover your losses, it will take you around 1.5 to 2 years. Don't worry. These 2 years aren't wasted. You learned the skill of making money, taking large losses and be a better overall trader. You will eventually make more money than you actually lost.

It all comes back to consistency, discipline and money management. Maintain a journal, prepare your mind everyday, have a decent profitable strategy (strategy is only a small part of trading). Make a notes. Track each and every trade and improve everyday.


This is not some bullshit theory of mine. I followed the same procedure to recover my losses and successfully did it (and made 10x more money!) I know you won't believe me. No one does anyways.

Remember that if you focus on capturing back losses then you will only lose more. :clapping:
 
travi

travi

Well-Known Member
#23
#23
aja said:
yes,1m chart only.
Click to expand...
Its hard to teach a person(like a glass) that is half full.

You can post about your experience and time in the market,
describe how you lost 7L, did gaps hurt you, or were just opening naked directional positions (any analysis?) or read/listened to tips on TV / Websites?
Holding losing positions in hope of reversing, adding to losing positions ?
as well as how you trade etc bcos ultimately 1m TF will have to evolve.

I didn't guess that, I was 100% confident, that means I also know where that TF is flawed :D:D
 
Last edited:
vijkris

vijkris

Learner and Follower
#24
#24
vijkris said:
With 7 lakhs, FnO is the segment you should trade. With less than 2 lakhs EQ is the only segment which one must trade, if he wants to survive.
Click to expand...
 
Vipul_84

Vipul_84

Well-Known Member
#25
#25
Wanted to write my reply, but this reply from GOLDENEDGE just covers everything that I wanted to say.

Basically come out of revenge mind set. You will loose far more if you dont!
Start with 45 K and steadily built upon. Greatest tool is MAINTAINING A JOURNAL. YOu may have a simple method with 1:2 RR with 50% win ratio, but maintaining journal is far better more important.

Understand that it takes at least 5 years to be profitable trader. Dont panic, you can claim your loss in next 8 years of time, by then you will be profitable if you follow the process.

Just think of this: In last 1 year you made 700K to 45 K and now in next one year you want to make 45K into 700K :confused:

Have reasonable expectations. Dont loose more than 1 or 1.5% on each trade. Success is ours if we stick to rules.

Take care & God bless ! :thumb:


goldenedge said:
Brutal truth: You have to forget about your 7 lakh loss. Sorry but you are not going to gain it back.

As long as you 100% mentally accept your losses you cannot do anything except losing. (you didn't completely accept because you are still focused on recovering your losses)

Assume that you are starting with 45k account: since you're starting with a 45k account, have reasonable profit expectations. Depends on your strategy but 5k profit goal per month is absolutely fine.

Let's get back to business. Here's your guide: Yes, you still have hope. You can gain it back.

But first, you must 100% mentally accept loss and imagine that you started with 45k account. Focus on attaining that modest 5k per month profit for 3 continous months..trade consistently.

Your account should be around 60k. Then add 40k and increase your profit goal for 10k per month. Keep on doing this every few months (faster if you're really consistent). To recover your losses, it will take you around 1.5 to 2 years. Don't worry. These 2 years aren't wasted. You learned the skill of making money, taking large losses and be a better overall trader. You will eventually make more money than you actually lost.

It all comes back to consistency, discipline and money management. Maintain a journal, prepare your mind everyday, have a decent profitable strategy (strategy is only a small part of trading). Make a notes. Track each and every trade and improve everyday.


This is not some bullshit theory of mine. I followed the same procedure to recover my losses and successfully did it (and made 10x more money!) I know you won't believe me. No one does anyways.

Remember that if you focus on capturing back losses then you will only lose more. :clapping:
Click to expand...
 
TraderRavi

TraderRavi

low risk profile
#26
#26
aja said:
I am Scalper because my temperament is very impatience so I always prefer scalping.
I came up with this wild nasty idea.

Is it possible-?
I’m going to buy 1 lot of stock future whose lot size is 500-1000 or whose intraday margin is between 30k-40k.
I will be doing quick scalps of 50-60paisa.I will try to catch such 5 moves.So that my daily profit will be 3000rs.

I know its impossible and very tough,but I don’t have any other solution.So,if you could suggest something then I will be very thankful to you.
Click to expand...
I have one idea (4G) , first I shall implement/check it myself for a few days, if clicked then I will tell you :D
but do not have this hope of 3000 Rs daily on 45000 Capital . 500 bhi mile to bahut hai .
BTW which stock you feel comfortable with ? if any.
 
A

aja

Well-Known Member
#27
#27
TraderRavi said:
I have one idea (4G) , first I shall implement/check it myself for a few days, if clicked then I will tell you :D
but do not have this hope of 3000 Rs daily on 45000 Capital . 500 bhi mile to bahut hai .
BTW which stock you feel comfortable with ? if any.
Click to expand...
Hope is a Sweet Poison Ravibhai.
In trading,if money is gone no problem,you can come up with another 50k later :p
But if Hope is gone,you cant perform well inspite of solid trading methods and those strict MM plans.
 
A

aja

Well-Known Member
#28
#28
TraderRavi said:
I have one idea (4G) , first I shall implement/check it myself for a few days, if clicked then I will tell you :D
but do not have this hope of 3000 Rs daily on 45000 Capital . 500 bhi mile to bahut hai .
BTW which stock you feel comfortable with ? if any.
Click to expand...
I know this is very tough and almost impossible.I am just looking for a way to make it possible and expecting a reply from some intense scalper who may have done it or doing it.I still believe its very much possible.I have already lost a big chunk.I have nothing to lose now but a Hope.

Tatasteel is a right candidate,but I am running out of the margin.Please check 1min chart.
50 paisa move is quick and very much achievable on 1 min TF.

1-2 din me chalu kar dunga bhai.
 
headstrong007

headstrong007

----- Full-Time ----- Day-Trader
#29
#29
aja said:
50 paisa move is quick and very much achievable on 1 min TF.

1-2 din me chalu kar dunga bhai.
Click to expand...
50 paise se kya milega>mostly bid ask spread is above 50 paise..
tax and slippage extra..thora dimag se socho yaar...
 
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