Look at this:
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.
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