Welcome... but just some advice from someone who has paid a heavy tuition fee to learn the market moves and still learning. Money can sleep for a while but 'learning' never sleep
Oh.. Gekko, my favorite movie as well. Greed is good but only for the lack of a better word. It is NOT good in real life.
I would not ask you to give up your ideas as you might have already an action plan but still some points to ponder.
* There is never enough money to invest. Most retail traders loose because they are under capitalized and over leveraged.
* Often long term investments are the short term investments which turned bad.
* For starters I would suggest to choose only, Nifty 50 stocks.
* Do not go for penny stock, like Cals Refineries
People thought it was cheap at 1/- some thought its great bargain at 0.75.. they averaged it at 0.50 and hoping at 0.25 and I am sure they will pray that SEBI does not stop trading on this counter... which makes it ZERO
So what you should do is,
* Earn some knowledge before you earn your single penny
* Never congratulate yourself on your win, ask yourself if you did well or it was just beginner's luck.
* Never eat more than that you can digest, always BUY something that you can comfortably hold for more than a year.
There will be lots of learning as you go along in your journey and there will be losses along the way as well. Never get betrayed by losses and never try to attack back if market is beating you... first learn the art to defense.
Best of Luck!!!
Reference Material For Learning:
http://rapidshare.com/files/264869583/Saint-Teach2_Fish.pdf.html
