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gautum_sargam | I had lost 80% of my money in stock market i trading ? tell what i do to cover my lost saving of two years .? |
i had lost about 3 lacs id intraday share trading.
now i had only 50000rs left. tell me how i can get back my money which is gone |
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Narach I
 |
It is unfortunate that you are faced with such heavy losses in a short span of time. The first step would be to stop doing what you have been doing. As the system you are presently following even if it be through an advisor is not working for you.
Next, you would have to heal yourself from this affliction of intraday trading. In most cases it is just an addiction and persons who indulge in it can afford to do so. Sometimes they win sometimes they loose and they are seemingly okay with the end result either ways.
Next you would be required to reorient your thought process to shift to a longer holding period. Where a month or six months or even a year is okay with you. But then you would have to restrict your stock selection to the bluechip stocks like Sensex stocks or Nifty stocks or Nifty junior stocks.
Next you would have to read a few books on investment analysis and portfolio management. You may consider doing a search at amazon.com for a suitable selection of books. Alongside this reading of books you would be required to develop your investment system or platform. And then test it through dry runs with pen and paper or by utilizing a suitable stock market simulator. Thereafter you would be required to fine tune your system to optimize the expected results. It would be only after this that you would be able to engage the stock market successfully.
The process described above would take anywhere between 5 to 7 years to complete. But the effort would be worth it if you are willing to take the challange.
Now, you must realize that the stock markets are a very specialized platform and without the knowledge and understanding of it you would be prone to make mistakes you have already made earlier. Further, that you are in it alone, and there are no free lunch tickets here.
Wishing you happy reading to start with.
Sincerely,
Akash
http://www.narachinvestment.com
http://www.narach.com
http://www.narachphilosophy.com
http://www.narachinvestment.com/feed.xml
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what?
 |
you didn't get the hint that you suck at trading when you were only down 50%?
stop trading. save more. cut your lifestyle - don't go out to eat, don't go on vacations, switch to slower internet, etc.
invest in index funds, and you should do much better. |
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moneyhoney
 |
For everyone who doesn't know what 3 lacs equals in US money, that's about 6,800 dollars. 1 lac = 100,000 but he is talking indian money.
Now to answer your question....you cant do anything. Get back your last 50,000 and stop with the dreams of the fast "buck" (or Lac as i guess you might say in India)
Gold quickly slips through the hands of inexperienced youth who would require impossible returns of it.
Dont worry though, think of it as a lesson. I too went thru this same lesson when i was younger, although I lost the equivalent of over 17 lacs. Think of it as an expensive college degree. If you learned your lesson, you have the degree...if you didnt, you will keep going back to school and paying your money until you decide to stop giving money away to the rich. |
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wartz
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Don't follow the spam links that are sure to fill the answers to your question. |
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Rajinder
 |
be happy what is left of the money otherwise you could have lost this too.
my advice laalach chhodo bhaiya....nahi to 5 ke chakkar mein 2 se bhi jaoge |
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jsforex.blogspot.com
 |
Stop trading for the next 30 days. Do not even think about it. Get it out of your mind. After 30 days, go into paper trading until you can show profits three months in a row.
Consider that loss as tuition fee in learning how to be a better trader. You can't get that kind of education in any university. Learn the lesson and move on.
Now you know what it takes to be a better trader. |
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Puzzled
|
If you don't have the stomach for it, don't day trade.
If you don't have the stomach for it, don't get into stocks.
There is no guarantee in stock market, as you might have (painfully) learned./ |
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singh
|
you can recover most of your money in intraday.
just do the following -
trade with only seleceted 2-3 stock on regular basis (with a particular stragety) with a weakly target of 5 to 10 points gains. I prefer JP, satyam. after geting your target exit for the week.
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Grumple
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You paid for an expensive lesson. Day trading is very volitile, and the fees can eat up a lot of your profits. You may want to look into less volitile strategies or find hot sectors to be a more buy-and-hold type investor.
The money is gone, consider it experience, albeit painful. |
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chit
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if u want to loose further then to intra day. if not, INVEST. but shares keep them withu till the time the price goes uo and then sell. no intraday should be the motto for you. i have also gone thru the same thing and have already covered up some of the losses. |
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heath_1976_us
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Shalom, Invest in Israel in medical stocks, weapon arms dealer's stocks and another stocks that are in high demand in Israel.
The Tel Aviv Stock Exchange
http://www.tase.co.il/TASEEng/Homepage.htm
Goverment of Israel website about investing in Israel
http://www.investinisrael.gov.il/
May G-d Bless you richly ... |
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