Hi to all traders,
Kindly help me friends by advising me. There is a big story behind this. But i will tell you in short.
I am a b.tech from computer science in 2009. I entered in the world of financial market in 2009. I did my first trade in JP Associate. I earned 5000 rupees in my first trade in 2 days. After this profit, my interest generate towards trading. I invest so many times in shares, and took profit from them. And the times come when i started in futures and options. And all my fund that was of near 1 lacs, lost. My father has given this money to me just to survive in delhi, as i was searching for job in IT.
I never told my father about this loss. I took some money from my friends to survive in delhi. As IT market was down in 2009 and 2010, i was unable to find the job in my field. Finally i decided to go for any kind of job to survive. Finally i got a call from a comapny. And i got selected for Marketing executive post.
After some time i changed my job to another company on same profile as a Business Development offficer. I earned a lot of money in that field. My family condition was not so good. So when i use to go to my home, i always take saares for my mom, and other kitchen appliances for the home. I am very much emotionally attached to my family member.
When i earned money, then again i start investing in the market in futures. and again started to loose my money. Unfortunately, my company got a financial loss, and company get closed. Now i was very affraid, as i have limited amount of money, because i loose money in the market.
Then i comes to know that there are some software in the market that generates buy and sell calls automatically. I saw the demo. And it was very good software. Where it gave the buy call, the share came up, and where i gave sell call , the share came down. I was happy to see that software. The cost was around 50000. And i don't have suffiecient money to buy the software and to invest in the market. Now i made a big mistake. I took 2 lacs rupees on interest. And bought the software. I started to trade according to software. In starting it gave the good return. But in the end, it has given a loss of whole fund as i never put the stop loss to my trade. It was year 2013 january.
Now i was totally in dipression. I was giving interest from my savings. After 2 month, my father says to me, to give that 1 lac rupees that he gave me in staring. It was horrible time for me. I said to papa that ok papa i will give you after 2 days. After 5 days papa said beta, can you please give me that 1 lac rupees. I said papa i will give you tomorrow. My papa was in doubt, as they know that i always invest money into the market. They always used to say not to invest in the market. Next day my father said to me beta trasfer the 1 lac rupee today. Then i said to papa, Papa i don't have money. I lost all the money in the market.
My father was completely out of mind at that time. But my father said beta, its ok. But please from now, never invest in the market. I said papa, now i will earn from this market only. It was 2014 january.
I never told to my father about 2 lac rupees that i took on interest. After some time, a kind friend of mine said to me that he will pay my interest on monthly basis. And he said to me, that whenever you got the job, you can give me back all the money.
From that day, I read so many books of technical analysis, about charts, patterns, breakout, indicators etc. Now i came to know that how market reacts when it come to support. what is support, what is resistance. Then i decided to go for the job in technical field. I tried it for six months, but never got the call from any company. From januray 2014 i live at my home. Now i had some knowledge about charts of indian equity market, commodity market and forex market.
I started to go to a branch of a broker in our city. I always used to sit there in evening and always gave calls to the clients who presented there.
They got the profit from my calls and slowly slowly i became famous in that office.
But Whenever i traded with my fund, i always got the loss. Finaly last month i got the call from Capstone securites pune. They are giving only 3000 rupees as stipend. But it is not possible to live there in this amount. I have a lot of pressure. There are so much amount on me which i have borrowed. My father always say to me, son please leave this market, you already spoil you 5 years in this field, and you don't have nothing. Your friends are on the package of 12 lacs now. And you are nothing. They always pressurize me to leave this market and go for a job in any field.
Now please tell me friends, what i should do. I have so much borrowed money. My father is not in good financial condition. They cannot give me any money to survive in pune now. But my interest is in finacial markets. And i believe that i can do it. My all relatives tease my. Every one says me that markets are not good for carrier etc etc.
Please help me frnds, otherwise i will gonna mad some day. I have so much pressure on my mind. Please suggest me what to do now.
