This has been the case through out my trading career. I have always been trying to make back the money I lost and ended up losing more. Now I am like I don’t wanna make lot of money. I just realised that I had a lot of money already and I was greedy and wanted to multiply it more and ended up losing it all.
Now I am just gonna slowly build up the portfolio. I gotta pay off the bills and also have money in bank account for emergency fund of at least 6 lakhs.
If I had that I would not have had such a huge loss. Also I was blindly hoping that markets would not go down and had positions without hedge. Also I had taken the positions to have the net credit. Just for that. Having a negative cash balance was preventing me from taking good positions!
I have decided to go very conservative and always take hedged positions and I think I should be bullish bias on long term but protect downside with hedge. ie limit losses on downside
I have been losing money on both sides. I should at least not lose on the upside this time
FIIs have turned net buyers.
Let’s hope that I get the Chitti money, when the time is right. When I am good with money. May be in 2026. I am just gonna be very disciplined with the money