"4 Din Profit Karta tha, Paanchve din sab Loss ho jaata tha!" | Losses & Lessons Ep-23

For nearly 15 years, Ritesh believed the market could lift him out of every setback. From the dusty streets of Kanpur to trading crude oil overseas, from dabba trading on phone calls to wiping out entire portfolios in options. this is a story about years, not weeks, perspective, not luck. Welcome to this episode of Losses & Lessons series. Another round of learning for a lot of traders out there. The video quality, in this case, could be a bit average but trust us, this is the best we could do for the guest was based out of a remote area in Africa. He didn’t start rich or experienced. A modest salary, a chance introduction to a demat account, and the first ₹200 win - that early thrill sparked a lifelong fixation. Over the years, confidence became conviction, and conviction became compulsion. What began as a side hustle slowly swallowed everything else. Jobs, family responsibilities, moves across continents - all were rearranged around trading. There were bursts of hope: the first profit-sharing experiment, the oil trades that kept the lights on, the renewed start with mutual funds in 2021. But every high was followed by a harder fall - a ₹1.2 lakh loss that shattered confidence, ₹4.5 lakh wiped away in the COVID crash, and later, capital eroded in options with almost ₹4 lakh lost to brokerage alone. Even health setbacks and repeated relocations didn’t slow the cycle. In 2025 and 2026, more capital vanished, and still he traded. This episode isn’t just about numbers and charts. It’s about the psychology beneath the losses - why good traders lose discipline, why hope outlives strategy, and why “trading is the only skill I know” becomes the very trap that keeps someone inside the market even as it takes everything. If you’ve ever wondered why traders hold on despite repeated losses, if you think it’s just about bad decisions or lack of strategy, watch closely. This is not just a financial loss. This is a life shaped by the market’s highs and lows. Fill out the form to appear in "Losses & Lessons" Podcast - https://shorturl.at/8ChN4 Have you been scammed? File your complaint at - https://aseemjuneja.in/ Join Our Whatsapp Group: https://www.whatsapp.com/channel/0029Va5uiyqGufIvVfGbnG1m Install Stock Pathshala for LIVE classes and Webinars now: https://play.google.com/store/apps/details?id=com.codeclinic.stockpathshala&hl=en_IN iOS App: https://apps.apple.com/in/app/stock-pathshala/id6566178182 0:00 Introduction 1:13 Who is Ritesh? 2:52 Initial Days of Trading 6:56 Trading Strategies used by Ritesh 9:21 Why Ritesh paid huge brokerage? 12:42 Traded Options like Stocks 15:50 Multile Demat Account Strategy 18:53 Options were Exciting or Dangerous? 22:24 Learnings from Ritesh's Mistakes 26:20 PnL Statement of Ritesh 32:52 Are Losses equal to Failures? 35:21 Ego in Trading 38:32 Gambling Vs Trading 42:18 Conclusion