I started gambling (coz every novice is a gambler here) in jun-07. since then i lost 2 lacs in f&o segment. now i m setteled in delivery only but still as a trader. future dont know..........
That sucks! What kind of strategy had you adopted during your f&o days? Was it pure instinct / random?
I haven't started trading as yet, but I'm doing a lot of paper trading, and sometimes I win and othertimes I lose. The crucial difference I've observed is when I lose, I tend to lose big time. You can keep winning for 10 consecutive trades and have all your money wiped off in the eleventh.
Saving your money is the most important thing, if there are doubts, just DO NOT trade for that session.