Hi,
Could you please tell me from where have to start? I didn't find the starting point...Thank you so much for the reply
Bala
Dear Bala,
Before two years, I was also at the same stage where you are now. I lost around Rupees two lakhs while trading in the markets believing the advice of my broker, and also the raskals those who apear in TV. Channels. And you know how you feel when your hard earned money is getting vanished.
One thing I learned was that, those who are apearing in the TV channels were not helpfull to me.
It was also known to me that there are people making money from this market.
So I decided stick on some principles and plans.
1. Stop depending any one for trading or investments
2. Buy shares of the companies which are the parts of the sensex(30 scripts)
3. Never sell a script in losse, no mater it may decline 99%
4. Buy 50% of my buying capacity.
5 Start selling from a 10% apriciation
6. Add. 400% of holding script when it decline 30% of previous buy price
7. Start learning about trading till I get satisfied.
Bala, I am not arguing that the above rules are smart enough to earn money.
But be frank with you from the day I made this rule I did not loose money till date. Not only that I made more than 5 to 6 times of my investments.
See when the time of Satyam scam I was holding 500 shares of satyam. It was trading near 180 some thing on the day. suddenly it start losing breath. It declined up to 90 percent in hours. every one was selling it.
But Acording to My rule No. 6. 400% at 30% I baught 99500 shares of Satyam on an average of Rs. 18.3 and you may imagine what hapened then.
Every one Including Sharekhan adviced me not to buy Satyam. But I have insisted on my Rule No. 1. My friends even called me mad.
But today I learned a lot and I know how to make money in this market. I started learning Technicals and many changes are there in the privious rules.
Now I am depending on a trading system with 11 by hearted rules. I only enjoy the thrill of trading and trade creat money for me.
So Bala be frank with you dont go for tips of others. The fact is that every one in this universe belive that they are smart enough in their particular field. So by taking tips from others you will become a mere instrument to satisfy their ego. or as far as the chaps who are apearing in TV channels or those who are sending you SMS you will become the target of their traps. Just try to understand they are there to earn money.
So there are 2 option with you.
1. Start learning technicals from this forum.
(For the above I will suggest you to depend a Great Guy (Mr. Raunak Agarwal)
2. You can mail me with details (your capacity of investments/criteria of Investments etc) as I said in the last post so that I can make a system which may suit you.
The best will be Trying learning Technicals with the help of Mr. Raunak Agarwals Thread and start enter trades with him.
Best of Luck.
With regards
Gangadharan.