Re: 1 LAKH Profit in Portfoilo !!!
Secondly, lets say that I invested 1 lakh in various companies (say 5/6). And today the invested amount become 1,30,000. Now in the correction if it comes to level of say 1,07,000 (down 23000 by about 17.7% of 1.3 lakh), I will sell everything and get out preserving my capital. I know there will be lot of criticism of this amateur approach but I wont mind. I am happy with my simple rule. I reiterate i am a very conservative investor and not a professional trader or alike.
THIS IS THE ONLY RIGHT WAY TO HANDLE DRAWDOWN
oilman5
Secondly, lets say that I invested 1 lakh in various companies (say 5/6). And today the invested amount become 1,30,000. Now in the correction if it comes to level of say 1,07,000 (down 23000 by about 17.7% of 1.3 lakh), I will sell everything and get out preserving my capital. I know there will be lot of criticism of this amateur approach but I wont mind. I am happy with my simple rule. I reiterate i am a very conservative investor and not a professional trader or alike.
THIS IS THE ONLY RIGHT WAY TO HANDLE DRAWDOWN
oilman5