Ever met someone who could make ₹10 Lakhs from a capital of ₹18,000 and then wipe out every single penny? And not just once, he did it 3 times. He even made ₹20 Lakhs from a much smaller amount but due to his issues with cash management in trading, lost on that profit too.

Interesting part is - he never knew how he actually made that money and never worried he lost all of that money back in the Stock Market.

Meet Yash Raval, a trader who works in a full-time job as a Civil Engineer and passively trades as well in Options trading. He trades without any technical set up, with no rules of risk-reward and with no idea of how much capital he must be using to deploy in a trade.

He goes all in, in most of his trades.

With God's grace, he has not lost a lot of money in the market but he exited all his SIPs in mutual funds, all the profits he made initially in the Equity segment and a decent part of his salary has also been used as capital for options trading.

Till the end, he kept asking me one question repeatedly - how much money he must use in his trades out of the total capital he has in his hands?

He says he does not have many responsibilities on his shoulders which give him less to worry about in life. He wants to continue his journey in the Stock Market but I had to be a bit hard on him during the conversation to provide a reality check.

Not sure, whether giving any positive message towards his style of trading would have helped him in any way.

We had a chat post the podcast as well but this discussion must be watched by people who:
think you may get lucky in Stock Market
believe trading is easy and making money from it is pretty straight forward
are working hard towards learning but not getting the exact results
are traders and are curious why new people are losing out a lot in Stock Market
are trying to understand some major reasons why more than 90% of people are not able to make profits in Options trading
take Stock Market as a lottery ticket and pour in their hard earned money as is.

This was another amazing discussion on Losses & Lessons and I am pretty sure a lot of traders, especially beginners will stop making mistakes that are related to money management or position sizing.

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0:00 Introduction
1:09 Meet Yash Raval
5:43 Initial Glimpse into Stock Market
12:06 Steps into Trading & Expectations
17:25 Did he learn Trading at all?
23:57 Losses in Each Segment?
33:27 Exit Criteria
38:59 Luck based Trading
47:59 Days of Profit & Current Situation
48:45 Turned 18k into 10 Lakh & PnL Check
55:20 His Money Management Cocerns
1:00:13 His Expectations, still!