suggest share trading method/ style

#1
Friends,
Its a great community here, I request the seniors to give me suggestion on following points:-

I am quiet new to share trading , earlier i had tried my hands in Derivatives (nifty) in january 2008 and burned my fingers heavily, that was my only ex poser to the market. Now I intend to do it more seriously. I have recently undergone a 2 days course in share market conducted by sharestradingschool.com at dadar mumbai . But it was very basic and and not worth.
Because of work profile, I cannot remain in touch with market on minute to minute basis. So which trading style I should adopt and practice?
I can invest around 100k .
Secondly I am having my trading account in icicidirect. whether in change is required?.
I open to study and read so kindly give your advice or possibility to explore in this field.
:)
 
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NOMINDTR

Well-Known Member
#3
There is no Universal instrument/method for everyone under the sun. Did you took enough time to learn your techniques, before you put them in market?

Are you sure that you were not impulsive when you traded last time?

As you said, this is a great place to learn and share things. I wish you all success in your trading endeavors and suggest you to check right from beginners section of this forum.

Secondly, go thru the sections of this forum and I am sure you would find some great threads and would meet great people.

Let us know how would you be doing.
 
#4
There is no Universal instrument/method for everyone under the sun. Did you took enough time to learn your techniques, before you put them in market?

Are you sure that you were not impulsive when you traded last time?

As you said, this is a great place to learn and share things. I wish you all success in your trading endeavors and suggest you to check right from beginners section of this forum.

Secondly, go thru the sections of this forum and I am sure you would find some great threads and would meet great people.

Let us know how would you be doing.
HI gsalvadi thanks for your prompt reply. What you have guessed is correct, I was impulsive during my first stint in market. Actually i had open nifty long position on 21st jan 2008 and i was attending a marraige function, by the time I could reach the computer my position was locked by icici , and i could do little.
This time I have decided to do 1months paper trading, before doing actually trading with stirict stop loss.

I had one more query , in the course i did, they had suggested systematic monthly investment in top 5 nifty scripts on regular basis of a fix amount out of our monthly income compulsorily. Now that fix amount normally comes to around say 5K.
Now I was wondering whether it will be workable considering the brokerage and demat charges .secondly other brokers what rate brokerage will be charging for low turnover like in my case.
thanks for the support:)
 

columbus

Well-Known Member
#6
Hi vinod
thanks for the reply. I had also feeling that day to day trading will be out of question.
:)
Hi mukesh,
It is dangerous to sail in two boats keep one leg in each boat
because you will never reach your destination smoothly.
If you have a decent job ,continue in it and invest in SIP(Systematic
Investing Planning) way.
Day trading is not as bad as it is perceived if you have lot of spare
time and it is taken as full time profession.
 

NOMINDTR

Well-Known Member
#7
...and i was attending a marraige function, by the time I could reach the computer my position was locked by icici , and i could do little.
Don't stress yourself. Avoid taking positions if you have some important thing to do. We can not help it. And don't forget, markets are there for next day too.

Regarding long term investment, IMO, brokerage should not be a problem and it is good to decided the scrips by fundamentals, irrespective of the fact that whether they are in NIFTY 50 or not.
 

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