Greed can swallow us... I learnt this lesson.
I lost all my money in shares due to overconfidence of my mind "I know the Market".
I put $10000 in share market by taking loan and by the time i made $12000 and reached maximum of $15000. Slowly my confidence increased, TIll now i was doing Equity trading and earning good. By the time passes i came to know about the about the "Option Trading". Option Trading interest me alot. First i traded slowly like invested $1000 and earned $2000 dollar in single day, that was awesome feeling. Slowly slowly i increased my amount and started multiplying my money. but share market is not that easy, if so everybody should be doing trading stocks. Now i started putting huge amount and i lost. slowly i increase my amount even more to recover my previous amount but all money gone. Finally i left with $4000 dollar and with one news i traded and that was not in my favour. I lost all my Capital. This was the most horrible time of my life. i started collecting money from people and collected $20000 and invested again but in recent stock market fall i lost all my money. i was doing option trading, this was the most stupid thing i have ever done. I have to give $20000 to people and $10000 to bank. I am left with $5000 only. I stopped trading now. i don't want to do trading stocks ever again in my life.
I am also like every traders who think they know the market very well but the reality is opposite.
Friends Minimum one dollar of yours can bring happiness in my life..please help me.