I started Trading in 2017 and in two years I blown 75% of my capital.

Mostly due to Option buying and Future trading -

I will mention my biggest loss trades just for learning.

Follow this thread -

Trollers are welcome

In 2018 Crude oil prices were increasing fast . so i thought ONGC should go up , So i bought ONGC CE . My assumption went right and i made 80K profit. I squared off my position and booked 80 K profit.

But on the same day crude oil again increased by more than 8% , so i thought i exited very early , so i should enter again tomorrow . Next Day ONGC was 3% Gap-up .
So i bought 30000 QTY at 6.5 Rs . I thought i will make big profit . but this was top in ONGC .

Slowly option is eroded to 0.5 Rs .
Big Joke is I averaged the Option when it was going down.

Lesson - 1. Don't be greedy , once profit booked see other opportunities.
2. Risk management not followed. 20% capital gone.
3. Avoid news based trading

NEXT STORY - TATA GLOBAL -

I was just learned basics of TA . I started applying on my trading . I applied it on Tata global and i made decent profit. it was purely my luck as stock was in good uptrend -

but my overconfidence killed me , i thought i will increase my profit many times if i trades it in futures , so i started taking trades in futures with huge quantities . But losses increased fast and i also did revenge trading which further increased the losses.

NEXT STORY - SRT FINNACE

I was watching CNBC , Analyst given buy call on SRTFIN . So i bought ATM CE .
At that time i didnt know about options. it was only two days left for monthly expiry when i bought the option.

Next day when market opened i saw 14 K loss where as spot was same unchanged , finally next day this option expired worthless without change in spot.

Lesson - Dont buy Option in last week of the expiry , if ur not sure about direction. Dont follow news tips.

Next story - PNB .

This loss was happened due to Tip from Paid advisor . He gave buy call on PNB his target was way above 200 . So i bought it and made big loss.

Dont follow paid advisory.

Next Story - IDBI & SBIN
This was very interesting , so i remembered it . My paid advisor taken extra 10 K Rs for this Tip as this tip was very special as per him. so as per his advice i taken the position & I had booked heavy losses.

Next Story - NALCO

Alumina prices was increasing fast that days , so the prices of Nalco was sky rocketing . Anticipating good gains i take trade . Same night US lifted ban on one big alumina producing company and prices of alumina crashed 20-30% . Next day Nalco crashed 10%.

Learning - if ur 100% sure about direction , then also go with hedge if ur carrying overnight positions.
You will be not lucky always. hedge will always protect you against the odds.

Next story - GSFC -

This was also due to my paid advisor , he given by call on GSFC just before results and again i booked huge loss.

Learning - 1. Dont fall in trap with Paid advisors , they dont care about ur money . 2. Dont buy options near qtrly results announcement .