--- title: '₹26 Lakh Loss: How This Trader Lost Everything (Sumit''s Story) | Market Losers | Episode 9' source: 'https://youtube.com/watch?v=oKDcHF7eEr8' video_id: 'oKDcHF7eEr8' date: 2026-07-31 duration_sec: 3445 --- # ₹26 Lakh Loss: How This Trader Lost Everything (Sumit's Story) | Market Losers | Episode 9 > Source: [₹26 Lakh Loss: How This Trader Lost Everything (Sumit's Story) | Market Losers | Episode 9](https://youtube.com/watch?v=oKDcHF7eEr8) ## Summary In this episode of Bazaar Ke Haare, Sumit from Bhavnagar shares how a promising start in trading with ₹500 led to a ₹26 lakh debt. His story reveals how early profits, borrowed money, and the 'Hero Zero' expiry-day trap can destroy a trader's finances and mental peace. ### Key Points - **Trading vs Gambling** [00:01] — Even after losing ₹25 lakh, the speaker still questions whether trading is gambling. Sumit started with ₹500 in 2022, doubled it, then lost it all in a single day and tried to recover with another ₹500. - **Sumit's Debt Story** [01:41] — Sumit started with ₹50,000 and made ₹10,000-15,000 daily for the first week, feeling life was set. But losses from expiry trades, Bank Nifty, fake Telegram calls and revenge trading grew until he borrowed ₹8 lakh from his father, ₹6 lakh from friends, and took a gold loan, accumulating ₹26 lakh in debt. - **First Trading Experience** [03:04] — Sumit began trading in 2022 with ₹500 after a friend's suggestion. He invested ₹50,000 and followed simple advice: buy higher if the market goes up, buy lower if it goes down. He made profits for a week and doubled his capital to ₹1 lakh. - **First Major Loss on Expiry** [04:25] — On Bank Nifty expiry, Sumit bought a stock expecting it to rise; the same day he lost ₹70,000, leaving him with ₹300–500, effectively back to zero. - **Advisory and Call Tips** [06:45] — Sumit paid ₹8,000 and ₹3,500 to different advisory services. Early calls worked, but after losses the advisors stopped answering and blocked him, having already taken his money. - **Borrowing to Recover** [09:52] — After exhausting his own ₹5 lakh savings, Sumit borrowed ₹2 lakh from a friend and lost it in 5-7 days, then took a ₹3 lakh personal loan and invested it in trading. - **Hero Zero Mentality** [12:22] — Sumit repeatedly played 'Hero Zero' on expiry days—betting big on options that could go to zero. He estimates ₹10–12 lakh were lost through this strategy. - **Father's Warning** [16:29] — Sumit asked his father for ₹3 lakh, saying he wanted to trade. His father called it gambling but gave him the money. Sumit lost it all and later admitted, 'I spent our money on this.' - **Trading is a Zero Sum Game** [22:37] — Sumit realized the market is a zero-sum game: if 100 people trade, not all can win; for one person to gain, another must lose. Chart patterns like hammer candles are entertainment, not reliable signals. - **Greed and Unrealistic Targets** [27:29] — Sumit felt a daily profit of ₹1,000 from work was not enough when he could make ₹5,000 in five minutes; this greed encouraged him to risk more and lose more. - **Toughest Way to Make Easy Money** [30:47] — The speaker quotes the English saying: 'Trading is the toughest way to make easy money.' He emphasizes learning to survive first, likening trading to Test cricket where you save wickets before scoring runs. - **The Pain of Asking for Money** [35:24] — Sumit says asking for money hurt more than losing it in the market. He had to rotate loans among friends, saw people's true colors, and realized society only respects those with money. - **Unrealistic Return Expectations** [45:52] — When asked what return he'd expect on ₹10 lakh after 6 months of learning, Sumit said 10–15% per month (≈180% per year). The interviewer challenges this, noting the best traders in the world average 25–30% annually. - **Advice for New Traders** [51:15] — Sumit advises: learn properly for 6 months to 3 years before trading; never take a loan for trading—only use savings or money you can afford to lose. - **Anchor's Key Takeaways** [53:17] — The host summarizes Sumit's mistakes: (1) treating early profit as skill instead of luck, (2) expiry trading without knowledge of theta and ITM/OTM, (3) borrowing money to recover losses, and (4) uncontrolled position sizing—risking the whole capital on one trade. ## Transcript Even after earning 25 lakhs, you still think that trading is not gambling. After getting cheated, you understood that Yes, you did, that means you took 2 lakhs from your friend, 3 lakhs from your father. You had taken 15 lakhs. I started with ₹00 in 2022. I started with ₹00 in 2022. I doubled to 50 within a week. Then in a single day, ₹00 went down. Then I put 50 back to cover that 50. [Music] Papa said that this is a gamble. I had a friend from whom I borrowed ₹2 lakhs. In 5 to 7 days, the capital was completely gone. Yes, it was completely gone. I joined Twitter and if any tips etc. come in it, that is a loss, they don't pick up the phone And how much loss did you incur due to this Hero Zero? It became or is it just hope? Why is this so? ever felt like cursing the market and saying that the problem lies in the market itself? Learning is very important. After learning we can trade. So how much money did you give to the advisory ? There is an toughest way to make easy money. Trading is what makes you dream of seeing money. She does n't give money. And there's also a confidence that it's not a gamble. return will you expect? 10 to 15% for sure. Approximately ₹ lakh. How will you give it? My plan is to give it through trading only. How will you give it? My plan is to give it through trading only. Sumit Suraj Bhai with us from Bhavnagar, Gujarat. In 2021, Sumit started in the market with just ₹50,000 and made a profit of ₹10,000 to ₹15,000 continuously for the first 7 days. profit of ₹10,000 to ₹15,000 continuously for the first 7 days. Within a week he felt that his life was set. But then came expiry trades, losses in Bank Nifty, getting trapped in Nifty, fake calls from telegram channels, revenge trading and recovery and slowly the journey that started with Rs 500 reached the family money. Took 8 lakhs from father, 6 lakhs from friends, had to borrow from relatives and even had to take gold loan. Today Sumit is in debt of Rs 26 lakh due to trading. And today Sumit will tell you in Market Losers how the first week's profits put him in the grid. How the feeling of recovery just once changed his life and how a person is more destroyed by hope than by loss. If you like this Bazaar Ki Hari series where we are showing the reality of trading, then please help us by sharing this video, like and comment and do tell us your opinion. And if you also have such a real story of loss, greed or recovery, then you will find a Google form in the description box and comment section. Go and fill it out and you may get a chance to be Go and fill it out and you may get a chance to be featured in the market's losers. how did your trading journey start? I am from Bhavnagar and my trading journey started in 2022. We We started in 2022 with ₹00. I started my Ok. So that journey started with ₹500, that I had a friend. He used to work in this, he did not make profit like me, but whenever I met him, Well, he showed it to me and I thought this is a great thing. There is money to be made in this. So then we invested ₹50,000. Then with that reference he said that if the market is going up then take the higher side. If it is market is going up then take the higher side. If it is going down then take the one below. Then I going down then take the one below. Then I made money for a week. In one week, immediately well that means the capital became ₹1 lakh yes we were absolutely new 100, then the second week started afresh, at the same time in the same week there was another profit of ₹00 and it happened, so we thought that let's round the figure, well then we were left with ₹1 lakh, then that was the expiry of Bank Nifty. So at that very moment I thought, brother, let us buy this stock. Ok? We thought that brother will go up, he will go up, he will go up. Well, I mean, keep sitting till then. Done. Yes. No, I withdrew from it and by then I had suffered a loss of Rs 70,000 on the same day. There was a Yes, we had a loss of Rs 70,000. I was left with 300 yes it became 500 and I withdrew it, okay, that means I came back to zero, yes I came back to zero, so I thought that brother, now I had income earlier, but later I incurred loss, it is okay, so then I went to 500 in a single day, again from the time I started, I went to 500 at the same time. Then put in another 50 to We went to that 50 as well. Meaning, now money was going out of the pocket. Yes, money is going out of the pocket. We we started again, we made some profits in it. started again, we made some profits in it. We collected ₹8000, ₹10000, ₹15000 in a day. added some and it became 35400. We then came a shock from different. Loss of ₹1 lakh in a single day. Good. There is loss on the remaining days but it happens normally. 20,000, 25,000, 3,000 but there is more fluctuation on the expiry day because of that. Absolutely. So who was telling you these trades what to sell? At first my friend was telling me. Okay, at the same time when we invested ₹1 to ₹1 lakh, we we we were bound to incur losses because we did not have the knowledge of it, then we started incurring losses, tips etc. used to come, so we joined it, in that the well ₹8,000 for a year, all the different so from where did you get introduced to these call tips etc. ? Well, he told me that this advisory is good. This caller is good. Ok. Then I joined this one and I used to get calls again and again. Due to the account we had, there must have been some setting above and because of that We say brother, take our tips. provide the best. So what happens later is that suppose I get a call from him on Sunday, then on Monday he will say that you take a call or take this put, then he will that the tip which he used to give me, at that very thought that brother this is right, then I invested money in it, then it goes on for days, then suddenly there is a loss. When there is a loss, then those people say let it be, it will be, let it be, it will be. those people say let it be, it will be, let it be, it will be. not there. Yes, he does not invest the money. He does not pick up our calls I would have blocked them on WhatsApp saying that now I cannot even send messages. We, we mean ours, he lost his money and we Yes. So how much money did you give to the advisory and you gave ₹8,000 to the advisory once. And once ₹3500 is fine. given separately. And what was your result in all three? The result in all three, I mean I told you that the three-four days were absolutely the best, the money that I had given to the advisory, he withdrew that much money and gave it to me, so you made money by trading, yes you made money by trading, you gave the same money to one in that, but that advisory, I mean, it is fixed, it is fixed for a certain not happen that brother, it will last long, it will last permanently. If you have given this call then it will definitely work. n't happen. Let us see what is the matter with Call Tip Advisory, Sumit Bhai, that their business is We will just show you dreams that you take this and it will explode and take this and it is going to rocket and take this it will be 10 times. and take this it will be 10 times. And when you trade, you become blind. He cannot see anything. He feels that brother, this person who is saying this is saying it for my good. He wants to make my money and I will make this money only then I will pay him the fee. And that's it. As if they see that now this guy is incurring loss. Now this guy will ask me questions. They block how much net loss did you incur in this advisory? The advisory increased to 34 lakh. Okay, I will stop you here for a while. You started with Rs 500, so this Yes, he was his own. After that, the money you were putting in was it your Even after that I deposited it, that was also my savings. My savings were up to ₹5 lakh. Ok. what happened after that? I was also doing my job. Since I used to do it during my job, the losses were also higher due to that reason. Because there was focus remained. If there was work, then work had to be done first. Later what happens at that time is that the position remains. because we are incurring losses. If we do this then the position is not closed and later there is a huge loss. Sometimes it is We work for a long time and sometimes even suffer losses. So there are more loss persons in it. If this happens then it means there must be something, then either we have a job or permanent trading, or we will have to learn and do it, or this will not work during the job time, it is obvious that your money is invested, yes, and if you are working, then it will be visible on your face others will also see that, yes, then some fight happened in the office, etc., so after that I thought that now let's go into the line of trading. Okay, for into the line of trading. Okay, for some time, then ah, I had a friend, I borrowed yes, okay, I was friendly with him, that's why he gave it to me, I I spent 2 days, 3 days, 4 days, 5 days, that's it, this capital remained for 5 to 7 days, in 5 to 7 days the entire capital was gone, yes, the entire capital was gone. Then I understood that I should not work on the day of expiry. Hum [sound of clearing throat] absolutely, but there's money to be made on expiry. We told you that money is made in expiry. In our group, group means group of friends. Well, the work they did, these people also incurred losses. We also do it. But what happens at the expiry is that a Hero becomes Zero, then Hero becomes Zero, then I go then it's fine, otherwise it's zero. So, until it became Hmm. Do you think Hero Zero is right in trading? Meaning, the person says that hero is zero and I also watch it. Nowadays people No, no, no, no, no, that's not right. not right because when it makes a profit it will seem right but if it loses then you will not know and because of this how much loss did you incur in Hero Zero, I mean think about it, I don't remember for sure but how much more must have gone into it, still if you 10 to 12 lakhs were lost or in doing Hero Zero, it was not done all at once, it is mean adding it up in total, like lost, 70 were lost, like that, so you took a loan of 2 lakhs from a friend, yes, at that time you lost net almost ₹ lakhs, 4-5 lakhs of your savings, you took 2 lakhs from your friend, what was your mindset at that time, what was going on in your mind, were you feeling that I will do it, were you feeling that feeling that I should leave it, the thought of leaving it at that very moment did not come. hope. Yes, there was hope that one day something would happen out of this. We do n't have money. So I borrowed some money from someone and then I started investing. How much? Took two lakhs from two. What did you do after that? Borrowed from whom? Took 2 lakhs. After that I took a personal loan. ₹3 lakh. Ok? Because the salary used to come into my account at the same time. We also got a loan of ₹3 lakh because of him. I invested ₹3 lakh in it. That means, out of all the money I invested in it, I did not enjoy even 1% of it. I mean, I didn't even invest 1% in enjoying it. I have enjoyed it with my own money. Meaning, I had started a job on the side as well. But now I had left the job. We used to use whatever income we got from it at that time. Meaning, I started trading thinking that I would make some more money. I will enjoy it. And this is how normally people come to the market with dreams thinking that trading will make them rich overnight or I will enjoy it. But later man got trapped in the web of loans and pressure. Yes, I got stuck. Trading is what we dream of seeing as instant money. She doesn't give money. That's trading will show you that there is a lot of money in it. But money is for someone who doesn't need it. whoever is very desperate, I want to make it today, I want to make it tomorrow. talking about, is it Hero Zero now? Hero Hero means that if it works today then it works, otherwise Abdul Ghani will work till the moon, if not then till the evening, that is the story of heroes. So the thing is that when a person comes into trading, he thinks that he has to make money that day. Hey brother, tomorrow is also the day. There is also the day after tomorrow. Isn't it? It is there even after 2 years, it is there even after four years. The market existed even before we were born , and it will exist even after we die. But the brain does not work like that. Man gets greedy. This greed is what drowns you. In the Heroes Hero, I once thought that I should not use capital in Heroes Hero. You have to apply it but how much so that it does difference. You have made a very good point. if I ever enter any strategy of Heroes Hero, then I repeat this thing 10 times that brother, if you have a capital of Rs 1 lakh, then invest Rs 1000. Add so much that when you eat tea or samosa, it doesn't matter that it is ready. And zero will into a different kind of confidence and think that it and think that it cannot be zero. Okay Sumit Bhai, you also took a personal loan, your money is also gone. What is the story after that? After that the friend had to return ₹ lakh. Yes. I took it from Papa at the same time. How much did you take from Papa? I told my father to give me ₹3 lakh. Papa asked me what to do? So I said I want to do trading. At said I want to do trading. At guy had lost. put it in this. Papa said that this is a gamble. At that very moment I thought to myself that Because you come from Gujarat. Yes. So in Gujarat, normally people say that everyone gets excited after seeing the stock market and everyone remains motivated. So your father said gambling because his personal experience was not good. okay. So he said that I had a demand and Ok. Then he gave me the money. gave him ₹ lakh out of this. Good. You gave two out of three. Then ₹1 lakh is left. Yes. Hmm. So then I Ok? Trading yes. Hmm. [Sound of deep breathing] This time I had the confidence that I had taken the money from Papa. I have to give it back to him. Is equal. So with that confidence, profit was made for five days. Just like this, I made profit for five days. The profit in 5 days would have been Rs 40,50,000 only. Ok. So the capital became ₹1.5 lakh. Now I had said that I will double half of this and then I will have money to give to father. There is But this will be Papa's money. Then I invested Hero Zero in this at the same time expiry date and I earned ₹1 lakh in a single day. Then 50 500, at working with 500 capital, we will not see any profit because what we were thinking was to invest the entire capital 6000, 7000, unless we saw profit, I would not close it at that very moment, wanted that much profit but earning 5 to 7000 in a capital of 500, that is, in a single candle is not possible, that is right, then that ₹000 also got lost in a single day. Meaning it became zero again. Whatever he was, it's all gone, all gone. I then told Papa that my One day he asked me how things were going. I spent our money on this. I had told you that I had forbidden you. great relationship. not take money from him manually, but by cutting it into 1 lakh, 2 lakh, 3 lakh, I took around ₹1 lakh from him. Meaning from different people to one people? Yes, I took it. That means you took Rs 2 lakh from your friend, Rs 3 lakh from your father and Rs 10 lakh now. That means you had taken ₹1 lakh. Yes. Ok. And that guy was like this that when my times were good then I did good work. So, did you help? Yes, I helped. Then when I was going through We are not under any pressure right now to give him money. not stay with me. Everything went into trading. You were making the same mistake. Same mistake every time, same mistake, we did the same thing not once but twice. Here I will ask you a question Sumit and many other people will get help here because again whatever we are doing, we are doing it so that because again whatever we are doing, we are doing it so that from the mistake you have made and does not repeat it, then this discussion of ours will be successful. So you started with Rs 500, you made money, the market showed you dreams. Yes. Then you lost almost ₹15 lakh in trading. Isn't it? And the only hero Zero. So since I am assuming that you took a loan of ₹ lakh from a friend, you made it zero. Then there will be a break for some time. Then he took a loan from his father. Then he lost the money. Then there will be a break for some time. Then you lost ₹1 lakh. So you did not sit and analyze where I was making a mistake. loss. No, I did the analysis by sitting and okay, so that used to happen in it, that system comes in liquidity, then many options were told, a hammer is formed in it, that is formed, many options were told, a hammer is formed in it, that is formed, I did not have the complete concept in my mind, but still there was one thing, I saw that video, saw that video, market moves as per its own wish. Nothing like this happens. This came to my mind once. Who put it in my mind that all this will not happen? Not by yourself. Ok. No one put it in. Like this is my own experience that if you think in the market that a hammer candle is formed then on the side of the hammer, that is, if one candle is in green then it means that the next candle will go in green. This was the mindset. I also agree that all this is nonsense. So it's nonsense. That the market is run by And adults don't look at charts. We make charts and we trade by looking at the charts that we make. So it cannot happen that he will also sit and wait. I will say bye when the hammer candle is formed. Doesn't happen like this. It is for the public so that they get something to see and understand. Otherwise think for yourself what is this stock market? What is trading? This is a zero sum game. What does zero sum game mean ? That if 100 people have come then all 100 people cannot make money. And if you are making money then the person in front of you has made a loss. If you are making money by buying, then the seller has made a loss. So if everyone starts looking at the charts and everyone starts looking at the hammer, then tell me who will make money and who will not come at all. Hmm. So this thing means you are absolutely right, however your feeling was absolutely right that it is not right to trade just by looking at this chart. Now I am not saying at all that charts don't work. When to use the chart, when not to use it, a person understands this with time, when to use it, when to look at it, when not to look at it. Otherwise, if you trade with your eyes closed, just by looking at the candle, the hammer and the support, then it does time, big people know that the public knows everything. The public already knows all this. Ok everything. The public already knows all this. Ok ? So at that time you Yes. So you realized something else that friend, I have to changes will have to be made in the approach. No, at that very moment this thought came to mind that brother, either watch news in the market. Or the big stocks depend on the market. Meaning they are running the market. TCS, Reliance, they are so big, so we thought that we have to keep an eye on this stock. The Ok? So then as the profit in that stock increases, that is, the stock increases, then positivity comes in the market. If we and the stock go down then negativity comes in the market. That's He got into a mind a little bit after watching videos etc. on YouTube, so watching videos etc. on YouTube, so We used to make a little money. Another thing that happened was that after the loss of ₹1 lakh, we managed to earn another ₹1 lakh. Ok? So then I made money continuously for a month from that ₹ lakh. How much? Like one month, I was Like one month, I was working in the same mindset of 5000 rupees a day, 3000 rupees, 2000 rupees. But suddenly my mind changed. I definitely made profit for at least 15-17 days, that confidence from within that I can make money ₹1.5 lakh old habit, yes old habit, what used to happen in Hero Zero was that I used to take trade of Hero Zero and used to take more quantity, that is and the target should be big. That's what happens. That's hero of Zero is the same. big deal. If it doesn't work anymore, it will become zero. We we have 1000 quantity, that is, whatever the current price is, 1000 quantity, that is, whatever the current price is, 40, 50, 60, 70, whatever it is, it becomes zero from 70. If it starts from 70 then it can go up again. received money many times Yes, what happened after that? After that, the hero went back to zero. Meaning, but yes, at the same time, all the expiries used to come at the same time, on Monday, Tuesday, Wednesday, every day, so it used to happen that Hero would become Zero every day and every day, meaning if Monday goes well then money will be lost on Tuesday, if day you make money, let's not trade the next day because you know that the money will be lost the next day, so you did not trade, the hope, hope, and this hope is drowning us. If the and this hope is drowning us. If the market has to give money then it gives it, market has to give money then it gives it, but the second time the same thing happens, that is, we give you ₹5,000 in a day and you do not have to take ₹5,000. If you need ₹10,000 then he will take the pass given to you. so big that the market is not able to satisfy it. The market definitely gives you the idea that take it, take it for 5000 because we don't need it, we need 5000, 10 20 30 40 50 1 lakh, they should take it like this because we work the whole day, we work equally the whole day, so how much should our salary be, if you think accordingly then it is ₹1000 a day, we are getting ₹1000 by working the whole day, we are getting ₹ 5000 by working for 5 minutes, there is no valuation for that, if you are working the whole day then you get ₹1000, ₹1000, Why doesn't it feel good? Well that's why it seems that I got it immediately. Got it immediately. What that means is that one thing happened that I did not have any knowledge about it. we we and what happened that got ripped off and this money. Yes. A struggles. Then if he gets money, he feels that yes friend, this is money earned through hard work. feels that yes friend, this is money earned through hard work. Like you are there, you have knowledge and you know that brother, this market is not right or else you say that you have made a profit of ₹50 in one day but the market does not seem right, then you will not trade, Bhai, and many people also have to learn this, those who do trading in future are doing it, it is very important for you to understand that I and all the people whom I meet who are doing well in trading, none of them keep a target per day that I have to make so much money. What is trading? Trading is a skill that trading is a skill. I my system. That's my target. I have a stop loss. This is my resentment. I don't do anything. I follow the same thing every day. If no pressure to make money next month. We put unnecessary pressure on our minds. make money next month. We put unnecessary pressure on our minds. Think for yourself, you were earning ₹00 per month from this job. might not have had to take such a huge loan. But you knew that when I am earning ₹00 from my job, then I have not come here to earn ₹00 for trading. I will make 3 lakhs. And who put this in your mind? Friends put it in. You heard it from someone and it got stuck in your mind that this much can be done in trading. But think for yourself, our parents must have also taught us that son, if money is made quickly in something then that work is not good or if a person is making money without hard work last and that's what happens. So there is a saying about trading and that saying is that trading is such a place, market is such a place where you will have to work very hard to make big money. n't think about survival. We think that today we have to make money, tomorrow we have to become rich then we have to buy a bungalow. Don't think so long. Look at the market, whatever I have learnt from people, I have learnt that you should know how to survive. Survive is like Test cricket. What happens in Test cricket? You have to save wickets, not score runs. Rest if you survive then you will score runs. So trading is the same, if you survive then trade means you will make money. And another trading saying that I am remembering right now is that there is an English saying that trading is the English saying that trading is the toughest way to make easy money. The toughest job to In trading, a person feels that money can be made very quickly. But only a person knows And when I hear such stories from you, I just feel that the knowledge that has just come into you. If only he had come on time or if only that realization had happened sooner, then there would not have been such a big dent. It does n't matter. So you made a loss of almost Rs 2025 lakh in trading and your Hero became zero, your main problem you have is Hero Zero. Yes, but in the trading I used to do, there is more volatility in the morning. moving. If it goes down then I take the put. If he goes upstairs, I take the call. Every day, that is, my first trade remains positive. you ever feel like cursing the market, saying that there is a problem in the market itself, or did you feel that this is my mistake? What did you realize at that time? Sometimes you will sit tried a lot to learn but it did not settle properly in your mind. Ok. I from here, 5% from here, 5% from here, we will not be able to learn it like this. Absolutely, if there is one person then he will be able to teach us. absolutely correct. Taking knowledge from there and from here means everything will get mixed up in it. This is the problem with YouTube. What is there in YouTube and if you sit with someone, sometimes we also sit, then I feel that the market will go up. Now the guy in front is also a legend. He says the market will go down. One will be right and one will be wrong. He has a different thought process. I have a different thought process. Maybe I am right. He may be wrong. What happens on YouTube Learn what someone is saying. Learn what someone is saying. Man has so much And what happens after? A person gets confused as to what to use. Should I use liquidity today, should I use support resistance today, should I use candles today, should I look at the news today, what should I do? Humans are not benefiting. What I am I am understanding that people are not getting benefit from the content. I am watching it. They are also fun to watch. He is also understanding everything. I am eventually there is no benefit. And you said a very good thing that you want to learn trading. You will have to find a Guru. One has to catch hold of a person and one has to catch hold of a person who is making money from the market. And there's also a confidence that this isn't a gamble. After having one lakh, after having 25 lakhs, you still feel that trading is not gambling. There is Ok. Why so? This is not gambling because it is a game, meaning thing that [sound of clearing throat] it should come to your mind big people, they will sell now, if still make money from this, if you do belief that money can be made, money can be made from the market, have you making so much money and consistently making money for one year, two years, three years, have No, I have a brother who is still in Bhavnagar. But we But we n't tell me earlier. Why so? Why so? Meaning that is his caste. It is like that, you do n't understand us. No, I am not able to understand. The Ok, good. There is a cast there. Okay, okay, it is there so what happens in that caste, that caste is very clever, no matter how much that caste is very clever, no matter how much know, okay, taught that if you have got money, then do not make noise, do not tell, keep it private, only then the money will stay, if you shout to everyone, then evil eye will fall on you, every person will be after you, this is a good thing, what do you think about this, no, it is right, one should not tell anyone after getting money. We should talk to our family. The rest should not be told to anyone else. Well, I have a question for you, did you cause so much loss? When did you feel the most pain? Did you feel pain while causing the loss or while asking for the money? in the market. It hurts a lot when you ask for money. Because the person in front says that brother is not here right now. After a few days we wait and if someone needs some of it then we have to return it to him, the money has to be arranged at that very time, we have to take it from one friend and give it to him, then we have to take it from another friend and give it to him, that means we have to ride the rolling cycle like this, so it is a very tough thing that at that time you get to see the reality of a person, who is with me and who is not with me, no one supports me, at that time you do not get anyone's support. We are not with anyone in rolling time. not with anyone in rolling time. And one more thing is that our family or our relations do because it comes to money. This is certain. I am but it is firmly ingrained in my mind that brother, he has money. If you have money, you have something. salutes the one who has money. Yes, there is money. If you don't have money, no one will greet you or say a few sweet words to you. So earn money in life but not by taking loan from trading to earn money. come today, take a loan for trading and do trading after taking the loan. Will you Why? This should not be done by taking a loan. You should trade with the money you have. not be done by taking a loan. You should trade with the money you have. problem even if the money is lost. Yes, if you have knowledge then you can make money, but if you do not have knowledge and still want to start then you should invest only as much loss as you can bear. start then you should invest only as much loss as you can bear. you have suffered this much loss. Incurred a loss of around Rs 2025 lakh. because you must have told your father about the Rs 3 lakh because you had taken his money, then about your loss, he came to know later that the money which I had taken, I had to return it to him, I did not have the money, so I had incurred a loss, that brother, your son has taken the money from me and he is not returning it, then he said then he said not to do this thing. This is gambling. If I am fine, whatever happened, happened, you just stop this and get on with your job. We We again got the assurance that brother, let's give him some We then left the market. ? Ok. I left it at that very moment and started working. Ok. And I have just as much accounting talent. me a starting salary of ₹25 to ₹00. Hmm, so then according to the skill, I took I took out money for 2 months, 3 months, 5 months, 6 months, then after started again with savings, why do I mean, I had become addicted to this, did n't you, there was a hope that if the money is taken from me, then it will be returned one day or the other, was this hope or was it revenge trading that if my money is lost, then take it out from here, tell me the truth today, was it a hope that something will be made or was it that because my money is lost stress here, so I took it out from here, that was it, okay, so what happened after that, time the knowledge was the same, it was zero, I did not again you did not learn anything, again it was the same that if it is going up, then I take the upper part, if it goes down, then the lower part, I learn it, then I will be saved. recovered but if we learn then after getting that slap I understood that it is very important to learn. can trade after learning. We shouldn't do it otherwise. So that money of yours is also gone. Yes, that too money, meaning you started with Rs 25,500. You have also seen earning Rs 500 a day, you almost got a debt of Rs 26 lakh, then you took a break, then you saved some money and then you invested the money and then lost it, so you regret that I wish I had not come into trading, I wish I had lived my life normally because you told in the beginning that I did not enjoy the money from trading, so regret sometimes sits on a person, then you regret that friend, no, I should have entered into it, yes it happened because it happened this time, I spent so much money, spent so much money, but if I had so much money, then what all would have happened, this is understood by a person after losing it, yes when a person is losing money, then he does not value it, it is true, but once he loses it and he is left with nothing, lose. At money is very important. It should be kept and wherever we are investing money, thoughtfully. Just a very good thing. A person becomes a philosopher when he causes harm. not settle in your mind. Because whatever you are saying, I mean if I am thinking the same thing then such a person can think only when he has been slapped. Otherwise, the person does not think first. You incurred so much loss in the market, you incurred a loss of almost Rs 2025 lakh by taking a loan. What do you think is more dangerous, loss loss incurred in trading at that time more dangerous or is there a hope that one lot of harm in the name of hope. Yes. So what do you think Why so? Because hope has no limitations. Loss has a limitation that if it loses 25 then it is gone. Now we have to do 26, that is in our hands. If we hope then it will go to 30, 35, 50, 60. hope, then we will, but but talent is necessary for the mind, it is very important to learn in this thing. Yes, and you have to learn with the money that is your own. and you have to learn with the money that is your own. we incur. That's you have savings of Rs 5 lakh and no problem. This is how we have to trade. Meaning, if you had not started all that trading, how much money would you have left now ? If you had not incurred losses and had not entered into trading, how much money would So at that time I had savings of ₹5 lakh. Yes. Because I did not have to give the money at home. Yes. I had the same savings as before. I used to do a I used to enjoy with other friends, money at that time, apart from that I had savings, so apart from that I had savings, so approximately ₹10 to ₹1 lakh, so in this way, ₹ 10 to ₹1 lakh would have been yours, it would have been yours loan, it would have been Yes, there is still debt. How much debt do you still have left? Right now How much debt do you still have left? Right now Still the provision amount will be around ₹ lakh. no interest. Yes. This is a very good thing. Otherwise, a person takes a loan, a person takes a loan. Just in the last episode, we were talking to someone who I was working with since 2019, during that time I have done work for many good people. understand that you got it because of your relationship. But not every person is like you. every person is like you. So, I was talking to a person in the recent episode and he had Yes. And his interest was 22%. So I will still say to you that your condition is bad but at least you don't have to pay otherwise you would have to pay interest as much as your capital would not have been the principal amount, so not have been the principal amount, so job, you are doing an office job, my house is running with that, there is a little bit but the problem is less now I give it little by little, then When will he give it in full? But I say one thing, brother, it will be done, we will give it to you. Are you also avoiding it, yes I am avoiding it, where will you go brother? you, how can we give it to you? But if you want more then tell me more, I will give it to you with interest. He says he doesn't want to take any interest from you. My plan is to give it through trading only. Still right now. preparation that needs to be done is to first learn the market. make money out of it. Well assume that I give you a capital of ₹1 lakh right now. Are okay? That come on Sumit Bhai, you start trading and I will give you Rs 10 lakh capital only we okay? So for 6 months you are learning trading. After that you are getting a capital of Rs 10 lakh. So, how much return will you expect from a capital of Rs 10 lakh, monthly or annually, after experiencing all this 10 to 15% is it for sure for a month or a year? Month means 15%, month means almost yes, that means you will convert the capital of Rs 10 lakh into almost Rs 28 18 lakhs do you think this is possible? make it. I have made a loss, so how do you know whether it will be made? I watch videos from YouTube. This is the point. The point is that whatever someone has told you, there is no proof of it. No one has done this till date. Ok? I will tell you here that Sumit ji, there is a wall here. You will not say, friend, where is the wall? I will say it is a wall. I will say it is a wall. I will say, look, I can after 10 times you too will say, yes friend, maybe the wall is visible. So when a person lies 10 times, it starts appearing true the 11th time. If you think that 180% return will be my year. Have you ever wondered Why is everyone worrying so much? Doing business , paying taxes, getting recharge done. Trying to earn ₹2 from there. It 's simple brother. Come invest your money 's simple brother. Come invest your money in the market. Make 15% and take the money. Why does because trading is a business. Sumit Bhai, when you do business, tell me, if I give you these 10 lakhs for doing business, will you be able to make 15% profit every month, that is, will you be able to convert this capital of 10 lakhs into 28 lakhs through business How much will it be? Will not done. The capital will be Rs 10 lakh. So you will say that first I have to buy a shop. I have to hire staff. I have to pick up the goods. Then this is your capital of Rs 10 lakh. It will take you a year and a half to recover from this. what happens when you get into trading? A person becomes blind when he comes into trading. Becomes blind. This is the lesson and also for those people who think that it is so easy to make money and I will make 1 lakh into 10 lakh. There is no brother. You should go and check the records of the best traders in the world. Do you know what their returns are? What do you think their returns will be this year? The average average return is 25%. The average return is 30%. Go and do your research. Go and research today. It is for a year. And when that 25-30% is achieved, then these people go crazy with happiness. They go crazy with happiness that it has become 2530 taka because growns up. But small capital does not mean that you will make a lot of money. Look, once or twice a year becomes 10-15%. Now if I tell you, I have also started crypto. I converted my capital of Rs 5 lakh into Rs 50 lakh in 6 months. So the returns are insane returns. But you will tell me that you can do it again. I will 5 lakhs into 50 lakhs. I continued doing my trading. Plus I have a backup. I don't have any loan. I am trading with confidence. Right? Only then this was made. can do it too, or you can't. Will you say I can do it? I can't do it. The thing is that we have to live in reality and we do not live in reality. This is what causes the problem. So if you are starting trading again, start with this expectation. Sumit Bhai, I can give you a written assurance that your money will be returned. So trading now what have I done? Demotivated you. Now I have said 30% of the year, now you will say that friend, if I work for 10-12 months and save ₹3 lakh, then I will get ₹60-70000 per year, business, this is the thing, this is the fact, trading gives money to the one who needs it and in trading, money is made only with money, if you have come in the beginning to learn then invest some capital, but if you want to make big money then you need money in the market, this is the truth, that is why this ratio of 99% is still prevalent that 99% people do not make money and 1% people make money. So that is why I explained it in such detail so that you too can understand it and if your future money is saved because of me then it is a good thing and people also understand and get awareness that this is the truth of trading. If money could be made so easily then rich people like Tata, Birla, Ambani would not lay wires under the sea. They also say, brother, you do very good trading. You trade. This does not happen. What do you think about this? No, it is correct. The shine is still fine. Okay Sumit Bhai, I liked it. You came and told your story because see, a person becomes strong only when he first admits that brother, I have made a mistake. So you admitted that yes, I made a mistake. You told people what mistake you had made. And I definitely hope that people watch this episode carefully and understand that nothing happens with Heroes is from Hero, right? Rather I will ask you the last question. After that we will end if any new person is coming into the market. According to your experience, what two or three suggestions would you give them like do this and don't do this. A suggestions would you give them like do this and don't do this. A new person is coming, he will have to learn first. We should come into it only after learning it. Ok? How much time should be spent on learning? Whatever his capacity is for learning, be it 6 months, 1 year, 2 years, 3 years, no matter how much time you give, it will still take less. mean knowledge, he feels that now the market will move away from here. We and the market in reality will move from there and he will get such knowledge, only then he should trade. Ok? So one will have to learn. Apart from that, you will have to learn, you will have to learn and secondly, you should not take a loan, if you want to trade then do it from your savings or there are rules for trading, we should invest only as much as we can bear, it is not to do it by taking a loan but later on not enjoy living our life. Either you will give the loan or you will go deeper into it. Either you will give the loan or you will go deeper into it. Yes. You made losses for 5 years. Then you are covering that loss for 5 years. Then you are giving the loan for 5 years. I lost 15 years. A better person thinks that if you deposit money in the bank, you would live a better life and would not be under so much mental pressure. Does not happen. Okay Sumit Bhai, thank you for coming, it was nice that you came and told your story to everyone and when a person tells about himself, especially what bad things he has faced, then many people feel that friend, I will become weak, but it is not like that at all, you become stronger through this and if not like that at all, you become stronger through this and if you will get the reward for it somewhere in the future, thank you very much Sumit Bhai. So now we have come to the six segments of the market where we will talk about you should learn. The first mistake Sumit made was that he considered early profit as a sign comes into trading, he makes profit in the beginning and when he makes profit in the beginning, he feels that brother, this is my skill set and I have learnt it. Think for yourself that in any industry, if you want to learn a skill set, you have to spend years. But if you come to the market and make profit for 5 days, 6 days, 7 days and if you think that brother, I have learnt trading, then there is no bigger fool than you. That is the market's way of calling people to itself. When you make profits, you will invest more capital with more confidence and eventually dig everything out, which Sumit did. Therefore, when you make early profits in trading, consider it as luck and not as skill. After that, the next mistake that Sumit made was that he started doing expiry trading and today I see that many people prefer to do Heroes-Zeros. Many people wait for expiry trading thinking that on the day of expiry, I will invest more money because they feel that the day of expiry is a lottery day. But let me tell you, many people make losses on the expiry day. Because the option premiums are also zero on that day. And those who don't understand Those who don't understand how theta works. Those who do not understand what in the money and out the money means. First educate yourself and you will get to learn everything on this channel. particular topic that you want to learn then please comment in the comment section. Your brother will bring a video on it. Sumit's next biggest mistake was that when he started facing losses in the beginning, he friends and his acquaintances. Thinking that once I get him out of trading, I will return everyone's money that I have lost. And when this mindset comes, you put pressure on your mind by taking money from someone, then Sumit did not know trading anyway. The skill set wasn't coming. He had an illusion that I had mastered trading. After that he was taking extra money and depositing it. Somewhere or the other, all these steps became the reason for Sumit's loss. So never trade with borrowed money. I say this again and again because if you watch any episode of market losses, majority of the people got ruined spend their own money but also took money from others and after that they went into debt, went under pressure and now somewhere or the other all those people are in depression. So other all those people are in depression. So very difficult for you to make money from trading after that pressure. The last point that you should learn from Sumit's journey was position sizing out of control. See, if our capital is ₹1 lakh then trading does not mean that you invest the entire ₹1 lakh. If you are investing the entire amount of ₹1 lakh, it means that the entire capital is at your risk. If that one trade does not go in your favor, you will incur a complete loss. So that is not called trading. Trading is all about risk management. Trading is all about trading the probabilities. Many people and trading then there will be profit in every trade. This doesn't happen, friend. If you This doesn't happen, friend. If you it is 30%, 40%, 50%. What this means is that they are also wrong. The only difference between a normal profitable trader who is trading on a large scale is and moves on from them quickly. But if we do any trade, we become so emotionally attached to it that we become adamant that now that I have done the trade, I have to make money from this trade only. And that attitude is what sizing under control. If you have a capital of Rs 1 lakh, then do not trade with the entire capital. not trade with the entire capital. you be able to stay in trading for a long time. What else did you learn from today's episode? Please do let me know in the comment section. And if you like this series then please Share it with your friends so that all the people who are new to the market can know the truth about trading. And once they know the pros and cons of trading. So you can trade with better judgment and not make any mistakes that the not make any mistakes that the losers of the market have already made.