I accepted that I am not great at stock trading and been trading index only majorly since then.
I would have had a gain of more than 230 % if I had capped losses at 1% of cap.
Lesson: Keep losses less than 1% of capital
But still sometimes losses are >1 R😓
Lesson: Always keep otm protective stops in the system to keep loss in control in case of blackswan.
So many times I have wasted 1 or 2 weeks just to close a loss making trade at cost.
Lesson: I do manage now but exit as soon sold options become ITM or 2 x in value.
So always always manage risk while selling.
Eg. Corp tax rate cut, demontisation, 2020 steep fall etc are black swans and if not managed properly can take years of profits.
Bcz we as humans tend behave in a certain manner everytime.
So , it’s best to keep your lessons/mistakes hand written in front of you and read everyday before trading.