How Can I Recover from Daily Trading Loss?

Actual Question:

I am continuously losing ₹3000 daily in trading. How I should recover from that?

Answer:

Dear Friend

Quit Immediately!

Forget about whatever you have lost.

Please do not expect to recover the trading losses. I have seen speculators doubling the bets to recover past losses and sink even more rapidly into losses.

Make a fresh beginning with value investing which is true investing.

Buy yourself a copy of every true investor’s bible, “The Intelligent Investor” by Benjamin Graham.

Picture of book The Intelligent Investor

Take a solemn vow that you will never again indulge in trading/ margin trading, which are highly dangerous.

You look quite young from your photograph. So let me assure you that by following a slow but sure path of value investing you can certainly achieve significant investing success.

Related topics:

·       Is the Stock Market a Place to Make a Fast Buck?

·       Is There A Mathematical Formula for Option Trading?

·       Investing - Definition

·       What is Value Investing?

·       Can We Achieve Warren Buffett Like Success?

All the best.

Thank you

Anand

What Stock to buy on 30th December 2016?

Wish You a Happy and Prosperous New year

Dear Friend!

Sorry, I am not a day trader or margin trader. I am a value investor. Therefore I cannot give advice what stocks to buy for a single day. The stocks that I buy and advise others to buy are meant to be held for lifetimes. However market conditions often make such stocks expensive and therefore I advise people to buy a few at times when they are expensive and desist from buying when they become expensive. Such advices generally hold good for a month or at least for a quarter. Thus I had already advised my audience to but three stock in December 2016. Perhaps they will be useful to you. So kindly read my post on my blog at “4 Stocks to Invest in December 2016.”

I do not know whether you indulge in day trading/ margin trading, but let me caution you that trading in stocks, commodities and currencies is not investing but dangerous speculation.

Thank you.

Shocked margin trader staring at losses

I wish you, your family and friends a Happy and Prosperous New Year 2017.

With Best Regards

Anand

Suggested Further Reading:

• Investing - Definition
• What Are Investments Actually?
• Day Trading Definition
• Margin Trading Definition
• What is Short Selling?
• Why Day Traders Cannot Quit?
• What are Good Resources to Learn Trading in Foreign Currencies?
• Is Algorithms Based Trading Safe?

What are Good Resources to Learn Trading in Foreign Currencies?

Margin trader shocked by speculation loss 

Actual Question

What are some of the good resources to study about Forex markets and Forex trading?

Answer

Dear Friend!

Sorry, I do not trade stocks, commodities and forex.

I also request you to kindly desist from doing so.

Actually it is not trading but speculating which is very dangerous.

The trading lots are very big and the margin is low, which magnifies the gains/ losses many folds. Mostly people incur losses only.

Very long time back I used to trade in stocks and incurred huge loss and since then stopped trading and became a value investor.

You want become really rich and accumulate a huge wealth you can surely and safely achieve these objectives through value investing.

I have suggested a few articles for you to read. They talk about stocks but not about forex and commodities but in reality when we talk about trading all are the same and all the risks are same.

Thank you,

With Best Regards

Anand

Suggested Reading:

• Day Trading
• Margin Trading Definition
• Can One Get Rich From The Stock Market?
• Is the Stock Market a Place to Make a Fast Buck?
• Is There A Mathematical Formula for Option Trading?
• How Can I Become a Millionaire Quickly?