12 questions

Risk and reality

The uncomfortable questions. These have honest answers rather than reassuring ones.

Can I lose all my money in the stock market?

In a single company, yes, if it fails, because shareholders are paid last. In a diversified fund holding dozens of companies it is very unlikely, since all of them would have to fail at once. Losing 30% or more in a bad year is entirely possible in equity and has happened several times.

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Is the stock market safe?

Two different questions hide in that one. The plumbing is safe: your shares sit at a depository in your own name, and SEBI regulates brokers, exchanges and depositories. The outcome is not safe: prices fall, markets can stay down for years, and no regulator protects you from a bad business or a bad price.

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What percentage of intraday traders lose money in India?

SEBI found that between 65% and 71% of individual intraday traders in the equity cash segment lost money each year from FY20 to FY24. Among traders under 30, the loss rate in FY23 was around 76%.

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What percentage of F&O traders lose money?

SEBI found 91% of individual equity derivatives traders lost money in FY25, with net losses of about Rs 1.06 lakh crore. Over FY22 to FY24 the figure was 93%, and only about 1% of traders earned more than Rs 1 lakh a year after transaction costs.

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Is intraday trading suitable for beginners?

The data argues strongly against it. It requires continuous attention during market hours, capital you can afford to lose entirely, detailed record keeping, and a long unpaid learning period. Most beginners are better served learning investing first, on money that is not at daily risk.

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What happens to my shares if my broker shuts down?

They remain yours, because the ownership record sits with NSDL or CDSL in your own name rather than with the broker. You can transfer the holdings to another broker. This protects your shares, not cash left idle in your trading account.

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What should I do when the market crashes?

Check whether the reasons you own each investment have stopped being true, rather than reacting to the size of the fall. Do not sell in a panic, keep any SIP running because that is when it buys the most units, and make sure your emergency fund is intact.

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Do markets always recover after a crash?

Broad Indian indices have recovered from every major fall so far, though recovery has taken anything from about a year to several years. That is a historical observation rather than a guarantee, and it applies to diversified indices. Individual companies do not automatically recover and some never have.

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Is keeping money in a savings account safe?

It is safe from price movement and not safe from inflation. If your money grows 4% a year while prices rise 6%, you hold more rupees each year and can buy less with them. Avoiding all volatility guarantees a slow, certain loss of buying power.

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Why should I not invest with borrowed money?

Because it removes the one real advantage an individual investor has, which is the ability to wait. If a position moves against you and the loan must be serviced, you can be forced to sell at the worst moment even if your original view eventually proves correct.

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What is a circuit breaker?

It is an automatic halt in trading across all equity and equity derivative markets when the Nifty 50 or Sensex moves 10%, 15% or 20% in either direction. A 20% move stops trading for the rest of the day. It was last triggered on 13 March 2020.

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Does a stop loss guarantee my maximum loss?

No. It caps the loss under normal trading conditions only. If a stock gaps down overnight, hits a circuit limit, or falls in a panic with no buyers, your exit can be far below the level you set or may not happen at all.

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