Amey sir, I understand how difficult it is to take your loss and go home. I had about 20% of my money in such duds - Parsavnath developers, ABG Shipyard, Bharati, IndiaBulls, DLF, Jayprakash Associates and a few more.
In a year I took losses of about a few lakhs. I would not have sold them but then I wanted to free some money for my daughter's admission. Depending on the scrip my losses were from 50% to 90%.
That was a huge lesson learned, and after that by God's grace I did not make any loss in any financial year. In individual scrips I made losses, but never overall. I did not make many significant gains, but I hope things will improve.
I can understand your pain - as a person who lost a few lakhs when he had to liquidate his duds for his daughter's schooling. The best decision I took at that times was retaining the winners and selling the losers which novices generally do not do. I was lucky there.
I know another close person who lost more than a million rupees because his broker topped up on falling IVRCL. When the loss was at about 2-3 lakhs, I advised him not to do that.
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