The markets are not sympathetic to the meek. Few professions require as much courage as trading does. Came across this Tweet that somebody has lost 74% of his capital, by taking an earnings' trade suggested by some expert. Not sure if its true or not. 1/
But if it is then, it’s really sad. I feel for the person who has lost it. I can relate to the person as I myself took trades, like these given by INDORE advisory firm (and what a name EPIC Research :)). But in the end I came to terms its me who has done the blunder no point 2/
blaming anybody else. Holding onto SynicateBank 150 CE for 20 days, losing almost 50-60% of capital. Had bought Straddle before Infy result (many seasons back), just to realize lost 4-5l, (out of 20l capital) next morning, in no time, and was 3/
cursing the tip provider. I was raw and naïve and was just not good enough. I didn't feel the ground beneath my feet, thinking about the loss (the 2nd loan taken from my relative). Yes, am ashamed of what I had done, running into speeding train and just dint know what had just 4/
hit me. Started blaming the market. Thoughts like "The market had victimized me. It had behaved in an irrational and inexplicable manner and it did so intentionally to hurt me. It was personal" Rationally, I knew that was not true, but I wanted to blame someone or something 5/
I felt sorry for myself. I was literally drowning in self-pity. I always was an optimist, happy with my life and my achievements. I had believed that good guys always win and that my future would just get better and better. Now, the man in the mirror was a confirmed pessimist 6/
I expected the worst, and I was getting it. Long story cut short, nothing is going to save U in the market apart from hard work, adequate knowledge, and discipline (after this too you may fail). If you have any other means of succeeding in the market, its luck and my 7/
empathies with you, Its just matter of time..
And now the whole rigma role how the world of trading experts and their YouTube thing is so corrupt. Guys my two cents, DON’T BE A HERD. Its not easy out there, Don’t trust anyone, listen to everyone but CHEW WHAT YOU CAN DIGEST. 8/
And now the whole rigma role how the world of trading experts and their YouTube thing is so corrupt. Guys my two cents, DON’T BE A HERD. Its not easy out there, Don’t trust anyone, listen to everyone but CHEW WHAT YOU CAN DIGEST. 8/
No point blaming anyone. Its your hard earn money, you should be the one calling the shots. One trade shouldn’t make it or break it. Successful, long-term trading is not for the faint of heart. Each step along the way introduces new challenges to your grit, stamina 9/
flexibility, and character. Frustrations are an everyday event and your own psychology may be sabotaging all of your efforts. Surviving as a professional trader requires the courage to see all the obstacles like REPEATED FAILURES, LOSING CAPITAL, LOSING MONEY etc etc. 10/
The rewards of money, excitement, and conquering personal egos are what motivate people to take up trading. Not the ideal reasons to be honest. Do Trade only when you are absolutely passionate about it. Nothing LESS would matter. Sometimes your worst experiences of an event 11/
will have a profound effect on you. Don't let TRADING be one. As its always start with small loss and before you would realise it would have engulfed you completely. If it impacts even one person positively, this thread has met its objective. Cheers. END
