help me

#1
i am new to trading floor
today i bought

GIL home finance for 137.8
kalindee rail for 156.2
gati for 83.42
BPCL for 652.77

now tht graph is falling down should i sell it today or should i keep for some more days?
 
#2
If you are so unsure about what you will do if prices fall, then you should not be buying in the first place. prices of equities do fall, just as they rise.

You must reconsider your buying decisions again. You have to find an answer to the question why you bought those stocks in the first place. if the answer to that question is that someone told you they will rise or you read something to that effect then you are not yet ready for stock market.

If you bought those stocks after carefully considering the financials :thumb: of those companies, then have conviction in your decision.

happy investing :)
 

d_s_ramesh

Well-Known Member
#3
BPCL is a negative Beta stock, when the index goes down it will go up. The chart patterns are very good in it on the weekly. You can hold it for a target of 700. Hold with a stop of 621.00.

You need not fear your positions, if you do so. You will attract what you fear, though the stock is good you may panic and close your position early before it makes its round.

If you use good money management and position sizing, your fear will be at bay. Since you are new to the market and losing money on paper creates emotional stress, but you learn from every move you make. Those are experiences exclusively tailor made for you. Start observing and learn even if you are making mistakes.

A mistake is a mistake only if done the second time, the first time it is learning. Fear not, you can take guidance from great experts on this forum, before and after you get into your positions.
 

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