Help needed for beginner

P

prasenjitsh

Member
#1
#1
Hello to all of my seniors.

I am very much new to share trading..I opened a account with sharekhan with 15k balance..I am not a day.On Friday,I buy

3I-Infotech [email protected]
Unitech [email protected]
Suzner [email protected]
Satyam [email protected]

and want to hold it till august..can you please tell me if it is a good idea?:confused:


One more question,In my obligation report it says I have to pay Rs.....
to exchange with settlement date on 28th July..I am really confused with it because I didn't purchase more than my balance is a/c..I sum up all the cost,its around 13k..

Do i need to pay the amount to sharekhan,which shows in obligation report?:confused:

If i see my margin statement it showing Limit Used By Trading on 2009-07-24
is Rs... and its a negetive amount..al the share transferred to my demat account..Please help me what to do with this scenario..
 
TFL

TFL

Well-Known Member
#2
#2
Re: Help needed for beginer

prasenjitsh said:
Hello to all of my seniors.

I am very much new to share trading..I opened a account with sharekhan with 15k balance..I am not a day.On Friday,I buy

3I-Infotech [email protected]
Unitech [email protected]
Suzner [email protected]
Satyam [email protected]

and want to hold it till august..can you please tell me if it is a good idea?:confused:


One more question,In my obligation report it says I have to pay Rs.....
to exchange with settlement date on 28th July..I am really confused with it because I didn't purchase more than my balance is a/c..I sum up all the cost,its around 13k..

Do i need to pay the amount to sharekhan,which shows in obligation report?:confused:

If i see my margin statement it showing Limit Used By Trading on 2009-07-24
is Rs... and its a negative amount..al the share transferred to my demat account..Please help me what to do with this scenario..
Click to expand...
You don't need to pay anything extra for what you brought except the brokerage, tax and other charges. Call you broker office or write to [email protected] for clarification of additional amount charged.

and want to hold it till august..can you please tell me if it is a good idea?
Click to expand...
You should have to think this before buying them. You already did it any now no meaning in analysing it rather than checking how we can cop with these shares in your account.

3I-Infotech [email protected]
Click to expand...
Keep a short term stoploss @ 76.5 (Closing basis).

Unitech [email protected]
Click to expand...
Keep a short term stoploss @ 84.5 (Closing basis).

Suzner [email protected]
Click to expand...
Keep a short term stoploss @ 97.85 (Closing basis).

Satyam [email protected]
Click to expand...
Keep a short term stoploss @ 103.5 (Closing basis). Will be good if you exit it as early as possible tomorrow.

All the above are for short term perspective. Disclaimer :) : I don't hold them and take my advice as your own risk, I will not be responsible for the same.

TFL,
 
P

prasenjitsh

Member
#3
#3
Re: Help needed for beginer

Thnx for your reply TFL.
I wrote the letter to sharekhan let see what the reply come.
Basically i am searching on moneycontrol.com and I found that they advice to buy satyam with a target 120 and unitech..thats why i buy them..basically my idea is when i see my portfolio valuation is above 4k of bought price i will sell them..Do you think this is a bad idea?i need average 3-4k/month from trading..
thats my 1st goal for 1st 3-4 month
Please advice if this goal is correct or not
 
B

blitzkreig

New Member
#4
#4
Re: Help needed for beginer

prasenjitsh said:
Hello to all of my seniors.

I am very much new to share trading..I opened a account with sharekhan with 15k balance..I am not a day.On Friday,I buy

3I-Infotech [email protected]
Unitech [email protected]
Suzner [email protected]
Satyam [email protected]

and want to hold it till august..can you please tell me if it is a good idea?:confused:


One more question,In my obligation report it says I have to pay Rs.....
to exchange with settlement date on 28th July..I am really confused with it because I didn't purchase more than my balance is a/c..I sum up all the cost,its around 13k..

Do i need to pay the amount to sharekhan,which shows in obligation report?:confused:

If i see my margin statement it showing Limit Used By Trading on 2009-07-24
is Rs... and its a negetive amount..al the share transferred to my demat account..Please help me what to do with this scenario..
Click to expand...

I think u don't need to pay anything. Actually u are buying shares from broker and broker will have to settle this with exchange after 2/3 days. And also for most of the shares there is some margin, and you need to pay only that amount initially. I think that's the amount showing in negative. You have to pay the rest at the time of settlement. But as you already have this money in your account. There is no problem and u don't need to do anything.
 
TFL

TFL

Well-Known Member
#5
#5
Re: Help needed for beginer

prasenjitsh said:
Thnx for your reply TFL.
I wrote the letter to sharekhan let see what the reply come.
Basically i am searching on moneycontrol.com and I found that they advice to buy satyam with a target 120 and unitech..thats why i buy them..basically my idea is when i see my portfolio valuation is above 4k of bought price i will sell them..Do you think this is a bad idea?i need average 3-4k/month from trading..
thats my 1st goal for 1st 3-4 month
Please advice if this goal is correct or not
Click to expand...
prasenjitsh,

Its extremely dangerous to take advices for trading from here and there. In time it will only empty your trading capital. If you don't have the knowledge to trade/invest it will be better to go with Mutual Funds or such investments. If you again wanted to be in equity directly then be an investor first rather than a trader. You may graduate as a trader later. But the path you are following is absolutely dangerous, that's the only thing I want to point out.

You may also try paid advice providers, will be better than advices from fellow people here and there and from CNBC or money control annalists appear on TV or forums. But again I will not recommend this.

Trading is a business and for doing business you need enough ability, knowledge and enough capital. Many think trading is an easy way to financial freedom but in reality, its an express way to financial ruin. Keep this in mind. I am not discouraging you but telling the fact.

TFL.
 
TFL

TFL

Well-Known Member
#6
#6
Re: Help needed for beginer

prasenjitsh said:
Thnx for your reply TFL.
I wrote the letter to sharekhan let see what the reply come.
Basically i am searching on moneycontrol.com and I found that they advice to buy satyam with a target 120 and unitech..thats why i buy them..basically my idea is when i see my portfolio valuation is above 4k of bought price i will sell them..Do you think this is a bad idea?i need average 3-4k/month from trading..
thats my 1st goal for 1st 3-4 month
Please advice if this goal is correct or not
Click to expand...
Also want to add this...

Setting a gaol is good but it should be realistic that you can achieve.
3000 to 4000 per month from your capital of 15000 is anextremely big target considering you as a new trader. Be realistic and think its not an easy way to earn being a trader. Its tough than regular office works, it needs a personality which suits and on and on...

TFL,
 
P

prasenjitsh

Member
#7
#7
Re: Help needed for beginer

TFL,

Thanx for your suggestion...I already have 3 mutual fund sip..Sundaram tax saver @5000/month,HDFC top 200 @ 10000/month and Reliance regular savings fund @ 5000/month.....

Since i am very much new in this online trading line..so i dont have much idea about this..So if i want to be a investor first,Then what is your suggestion..Will you please suggest me some equity...

I saw 52week high of this share...I dont mind to hold the share for long..as you suggested to become an investor...suppose i sell all this in next week with a margin value.. and then want to invest directly in equity...in that case what will be my buy? and what are the paid service there...please guide me
 
TFL

TFL

Well-Known Member
#8
#8
Re: Help needed for beginer

prasenjitsh said:
TFL,

Thanx for your suggestion...I already have 3 mutual fund sip..Sundaram tax saver @5000/month,HDFC top 200 @ 10000/month and Reliance regular savings fund @ 5000/month.....

Since i am very much new in this online trading line..so i dont have much idea about this..So if i want to be a investor first,Then what is your suggestion..Will you please suggest me some equity...

I saw 52week high of this share...I dont mind to hold the share for long..as you suggested to become an investor...suppose i sell all this in next week with a margin value.. and then want to invest directly in equity...in that case what will be my buy? and what are the paid service there...please guide me
Click to expand...
I shouldn't have said about those paid services. I did the mistake, I strongly recommending you to keep away from them. Its not your way.

I think the better strategy for you is to keep you money in Mutual Funds itself, do SIPs in MFs, etc. If you are particular and want to be direct, then select some good companies which you think will have some future and short list to some 5 or 10 companies. Then each month invest your extra money into them and keep them for Lo...ng term.

Don't be scammed yourselves from the attractive advertisements from paid advices. many are flops.

If you like to be a trader, my first advice is to read some books. Trading For a Living by Dr. Alexander Elder is a good for start-up.

TFL.
 
P

prasenjitsh

Member
#9
#9
Re: Help needed for beginer

Thnx for your reply..Its really help full to get some seniors idea at the beginning..Do you think i should sell the share which are in my account?or shall i hold them?

and i will shortlist some company and let you know about it
 
TFL

TFL

Well-Known Member
#10
#10
Re: Help needed for beginer

prasenjitsh said:
Thnx for your reply..Its really help full to get some seniors idea at the beginning..Do you think i should sell the share which are in my account?or shall i hold them?

and i will shortlist some company and let you know about it
Click to expand...
I simply enjoy helping beginners that's why.

Better keep them with the stoploss I said earlier for Monday and Monday after market hours we can analyse what to do next with them. (Alert me after market hours.)

TFL.
 
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