Look at this:
Source: http://money.rediff.com/
This was the SEVENTH BIGGEST FALL in the history of Sensex (source: moneycontrol.com)
How much you lost?
I can tell for sure that more than 70% of retail future traders must have become greedy and out of hope would have been long Future Buy on Nifty and then 256 points fall. This is a loss of 256*75 = Rs.19,200/- in a single lot.
But during these times people get greedy and trade with as much money as possible. Some even borrow money to trade. Its not good to borrow money to trade. 🙁
And now its payback time with interest.
I have told this many times that if you are one of those who think you will make a lot of money from stock markets in one or two years – then please STOP dreaming. Even Warren Buffet took more than 25 years to make a lot of money. But he made it slowly, taking one small step month after month.
I can go on and on but its Sunday today. So signing off.
Click to Share this website with your friends on WhatsApp
COPYRIGHT INFRINGEMENT: Any act of copying, reproducing or distributing any content in the site or newsletters, whether wholly or in part, for any purpose without my permission is strictly prohibited and shall be deemed to be copyright infringement.
INCOME DISCLAIMER: Any references in this site of income made by the traders are given to me by them either through Email or WhatsApp as a Thank You message. However, every trade depends on the trader and his level of risk-taking capability, knowledge and experience. Moreover, stock market investments and trading are subject to market risks. Therefore there is no guarantee that everyone will achieve the same or similar results. My aim is to make you a better & disciplined trader with the stock trading and investing education and strategies you get from this website.
DISCLAIMER: I am NOT an Investment Adviser (IA). I do not give tips or advisory services by SMS, Email, WhatsApp or any other forms of social media. I strictly adhere to the laws of my country. I only offer education for free on finance, risk management & investments in stock markets through the articles on this website. You must consult an authorized Investment Adviser (IA) or do thorough research before investing in any stock or derivative using any strategy given on this website. I am not responsible for any investment decision you take after reading an article on this website. Click here to read the disclaimer in full.