Trading in stocks first time

vijkm · #1 2nd March 2007, 05:38 PM

I am new to stock trading. I was waiting for the market to go down before I start to buy. Now the market has fallen down to my desired level. Can members let me know, is it right time to jump in ? Since I do not have direct experience in buying & selling, I will be buying only sensex stocks first. I can invest 2 lakhs only at the beginning.
Please let me know my decision is right?

Thanks in advance

Vijay

jumboninja · #2 2nd March 2007, 05:53 PM

if you are long term invester right time to enter the stocks is june second and third week. since last 8 years. i have observed 52 week low in june 2nd and 3rd week. and 52 week high in feb-mar month. and if u are day trader everyday is golden opportunity for u if u have best technical analysis

jumboninja · #3 2nd March 2007, 05:53 PM

DAY TRADERS CHECK MY POST FOR DAILY EARNING AND SAVING. INCLUDES TAX SAVING AND ASSET BUILDING

http://www.traderji.com/equities/116...-tracks-3.html

SEE THE LAST 2 PAGES EVERYDAY

vijkm · #4 2nd March 2007, 06:42 PM

Jumboninja,
Thanks for your reply. I am not day trader but can say short/mid term investor.Can i invest some portion of my money during this time, since stock market has gone down too much.
Thanks in advance

equitymaster · #5 4th March 2007, 01:16 AM

Quote:

Originally Posted by vijkm

I am new to stock trading. I was waiting for the market to go down before I start to buy. Now the market has fallen down to my desired level. Can members let me know, is it right time to jump in ? Since I do not have direct experience in buying & selling, I will be buying only sensex stocks first. I can invest 2 lakhs only at the beginning.
Please let me know my decision is right?

Thanks in advance

Vijay

Market level does help in making a decision but don't buy a stock because it has come down a lot. there are three ways to make a decision
fundamental, technical and above all judgemental( not be mistaken for hunch or gut feeling)
fundamentally cement is ok now, technically little more downside but judge mentally , with so much messing around by FM etc and high interest rate , housing demand is sure to go down, leading to lesser cement demand etc.

So , say ACC may come dn to 650-680 but will not move up in a hurry, you may not lose much but your money is stuck! and when other good oppotunity come , u r forced to sell at a discount, therfore stay away from cement and sugar. stock specific on requwst but free
regards

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