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#1
22nd January 2008, 09:46 PM
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Dear Seniors....Please let me know where i went wrong....
Dear seniors and all investors & traders,
My experience with the market is as follows..... Last year when markets crashed during August, i picked 2 stocks..... When Nifty crashed to 200 dma, i picked RELIANCE @ 1740......Near to its 100 dma.... R.COM @ 496........Almost near its 200 dma..... When i picked these stocks, my view was to keep it for atleast 2-3 years minimum.....I was so very happy that i picked these stocks at almost near its bottom....I was so very confident that no matter what happens RELIANCE will always respect its support and resistances.... BUT... Today , after 5 months , i saw RCOM at my price of 496.....And RELIANCE, well it made a low of 2100+..... Now , i want to know where i went wrong...... 1. Did i pick the wrong stocks????... 2. My view was of long term.....Did i make a mistake of keeping a long term view and going to sleep???... Please do let me know your views..... (After today's crash, i think that even ""LONG TERM INVESTORS" should take profits or atleast TRIM their portfolio from time to time) Please comment Regards, Aparna  
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#3
23rd January 2008, 09:59 AM
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Re: Dear Seniors....Please let me know where i went wrong....
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#4
23rd January 2008, 10:58 AM
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Re: Dear Seniors....Please let me know where i went wrong....
I think you did right by picking stocks at 100 & 200 DMA, but you shoulh have booked profits as soon as they fell below these DMAs
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#5
23rd January 2008, 11:35 AM
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Re: Dear Seniors....Please let me know where i went wrong....
I am a long term investor but my policy is that if any stock I own gives me more than 100% return then i book 50% profit no matter even if happens in the short term. Only in the case of ADSL i booked 100% profit since it gave me more than 200% return in less than 3 months. Lucky i did all this on 4th January so this steep fall did not effect me as much. Lesson learned, no matter whether you are LT investor or not, book periodic profits when the going is good
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#6
23rd January 2008, 11:35 AM
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Re: Dear Seniors....Please let me know where i went wrong....
Quote:
For a long term investor, five months is not any period to talk about. In any longterm time zone markets do go up and down. Of course current slide has been exceptional and has been caused by global reactions and not by any cause in the Indian economy. If you buy shares based on the fundamentals of the companies then where is the cause to worry ?? Actually this is a good time to accumulate .. Personally, as a longterm investor, I look forward to these crashes in the market. Cheers
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#7
23rd January 2008, 07:42 PM
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Re: Dear Seniors....Please let me know where i went wrong....
Hi Aparna,
To know why you failed please read my post on "How BUY and HOLD guys lost money?" Your stocks may be good and they may give fabulous returns over a period of time. But you should not forget that there is a term called "Book Profits". - SageCapital
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#8
23rd January 2008, 08:01 PM
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Re: Dear Seniors....Please let me know where i went wrong....
Quote:
Hi Aparna I Dont think you have done any mistake to buy this stocks. The only thing required from your side from the next time is you decide some price level where you want to book the profit say 1000 Rs up for Reliance and 250 Rs up for RCOM. In this way you would have been already booked the profit and also have the opportunity to buy the stocks again at the lower level. My sincere suggestion to you is that you always keep a selling target on whatever stocks you buy.
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#9
23rd January 2008, 09:00 PM
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Re: Dear Seniors....Please let me know where i went wrong....
Dear nayagam, rkkarnani, prabhjeetrana, su203, harmads, sagesurya...
Thank you very much for your views....Thank you very much for pointing out where i went wrong.... I have realised that even though i am a long term investor, i need to review my portfolio from time to time....I need to book atleast partial profit, if not full, and have some cash ready to buy, when we get the right entry.... Had i taken a bit profit , i could have entered again during this crash.... But since i was fully invested and had no extra cash, i missed the chance.... Also the biggest mistake i made was, being over confident....Confident that RELIANCE will not break 100 dma, as per its past performance.... But this time it did teach me a lesson that i should not get attached to a particular stock... Thanks a lot for your valuable views....I will surely remember this always.. Regards, Aparna
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