Prospect of a novice:
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Stock market is a place of easy money, let’s try it and become richly rich (which in short term).
Stock market is a place of easy money, let’s try it and become richly rich (which in short term).
Perhaps you are agreeing to give time
to build your BODY, but you have not patience to build your FORTUNE.
New comer’s common mistakes:
A
new comers thinking about the Stock Market:
= Market is
very confusing, and tough to enter a trade.
After
a small period what he/she does?
= After
small number of losing trade, he/she think lets follow the rumors or
follow baseless TV channels discussion.
After
couple of weeks passed:
= Let’s try
INTRADAY (FNO), but overall result is
Nil.
After
couples of months (already loosed a big part of capital):
= start to
follow chart
and data to be an ANALYST.
After
one or two years what happened?
=Nothing……….the
account is NIL….
Then what to do? Quit?
NEVER.
Just follow
these two rules.
Rule No. 1:
Never repeat your past doings and forgot the fear of losing.
Rule No. 2:
Never forgot rule no. 1.
What is the way of start again?
Before more
discussion, I would like to share my stories.
My
experiences are not differing than others. At early 2002 (mid of February) I
entered this market with some money (aprx. 19.63 lac) and zero experience.
From 2002 to
2008 I was fighting for existence at market, as usual result was not positive.
The
recession of 2008 {when Nifty Future toped at 6336 (on 09.01.2008) and bottomed
at 2228 (on 27.10.2008)} has changed my whole life.
Then I lost everything……..My
portfolio was smashed…..I was finished.
But I never QUIT.
After five
months, the recession was over (around March’2009) I re-enter the Market with
small capital (35 k, it was tough to me to collect more capital on that days).
Till today
from re-enter day I have updated myself at every second.
All of you
know (those are in touch with my Blog-FB-Twitter-LinkedIn) that how much
perfect is my market prediction (with zero tolerance).
Just now I
am working with time factor (near to
complete).
From 17+ years
of experiences I can suggest that Investing is the only way to change your
destiny, rather than intraday trading.
I have
recovered all losses with multiple numbers of profits.
Now the WAY:-
Simple,
a)
Avoid day trading; I am NOT suggesting investing
for 15 to 20 years. In maximum case between these types of long periods the
specific stock will toped several times.
That
means you will loss the chance of get profit at whole.
b)
Pick right stock and first predict the possible
time frame and price factor. It may be mid-term (in months), may be small time
(in weeks) and at tiny frame (in days).
Examples: from my own
trade:
Mid-term:
October’2017 I have purchased the stock of Reliance Industries (@Rs.
844). 3rd May’2019 the stock made high 1417.50.
I have booked all the shares @ 1392. Price increased 65% from my buy
value. The stock may bottom below 1123 at coming days.
Short Term: On 15th February’19 bought stock of ICICI Bank @342. At
28th May made high 439.20. Increased by 28%.
Tiny Term: 3rd
May I have bought stocks of UPL @959. On 27th May this stock
made high 1043.75. Increased by 9%.
c)
Make your portfolio small (number of companies).
Preface:
Investment in stock market is a business, this is not a
gambling. Therefore before investing do prepare your mind.
If possible, do
discuss with any well experienced investor or your Investment Guru.
