Thread by @IsaraniLalit

#How #I #lost #My #hardearned #money #in #sharemarket
#in2008to2019 #newtraders
Reason for tagging following gentlemen will come to know at the end of thread
@Mitesh_Engr @_mayurone @prodigal_trader @rajenvyas @naresh22decp @PAVLeader @imnishantarora @ST_PYI @CAPratik_INDIAN

This journey is started in year 2008, when #Rpower IPO launched, I was not aware of share market till 2008, I just opened demat account for this IPO and applied for 2 lots and (un)luckily got both. Along with it I started Intraday trading without any knowledge of TA or FA. As

usual I lost in many trades and gain in some trades, working methodology was like it is going up then buy and going down then sell it, that was the way to trade. this run till 2009, then I went for my Masters @ IITKGP so I took a break of 2 years till 2011

as i came back from studies in 2011, I again started with the same methods, and the results were same. Along with this kind of account blowing up, job was there so I did not get idea that i lost handsome amount of money in these 4-5 years. This was going till 2017, then i came

across Amibroker AFL collection group at FB, where I saw many charts posted by many experts, which was totally new for me, there I met one gentle man Mr. S.M.Benher sir, he guided some technical and suggested me to join TFS group on FB, so at the starting period of 2018, i joined

TFS group there I met one genius GURU Shri Nishant Arora, @imnishantarora, he has suggested some books, which I have gone through, from there I have changed the perception of looking to share market. Meanwhile Mr Mayur patel, @_mayurone also has shown keen

interest to learn TA, so I tried hands on that area till 2019 mid, I found it very interesting that ohhh this way all this prices are running, earlier was not aware about support resistance and many parameters of TA, so half cooked knowledge was ready

and I tried again hands on the Mr Market. But I was not aware that only TA will not help me to come out this "MahaYudhdha" where many are ready to kill retail participant, as they are not skilled in many aspects, which will take many years to learn

so the result was the same, again loss. Then Mr naresh, @naresh22decp has suggested me option writing, meanwhile i came on tweeter in 2018-2019, where i saw many experts was earning like anything, so heard about shri Mitesh patel, @Mitesh_Engr also. I got

some injection for the work again, before this i already blown my account 4-5 times, amount not disclosing, So again started new chapter with Option writing, before this i was used to go through all indexes, stocks, currency, crude, but now only focused only

One index that is NIFTY, for option writing. So earlier some times index sell, some times bought stocks, sold currency or sold crude, but everywhere it failed. Then I found the reason, master of none jack of all, so that focus came with positive outcome

Wait this positive outcome is not that I recovered my loss, but now I have stopped loosing and even if I loose then within sometime I am able to recover it.
In this journey I found all above gentlemen, whom I mentioned earlier because of them only I came

to know many things which I would like to share here.
1. Do not Paper trade.
2. Always start with Small quantity, but do real trade.
2. Do it for atleast 3 to 6 months, once u are profitable then and then increase ur quantities, till then stick to original

plan.
4. always find out your best ground, where u like to play. don't go away or else u have to be careful.
5. Atleast decide ur loss per day, generally if u decide loss and profit per day then it is good, but at least u must stick to loss per day, as per

our capacity.
6. once u are in a loss of predefined, then shut ur system, and engage urself to some other assignment, so ur mind can be relaxed.
7. always plan at least one day before u trade, means there should be proper planning for the next day battle,

if we go without preparation then there will be full chances of an accident. so better to avoid with planning.
8. on an event day wait for the opportunity, more u wait, more chances of winning the battle.
9. That's it from my side, if any queries feel free.
Thank you all the

Mentors who had given quality knowledge that too without penny charge. Thank you all.