How I am doing ? (Beginner)

SamFisher · #1 21st February 2008, 06:34 PM

Hello traders/investors,
I just started trading online since about 35 days, initial idea was to invest for long but then slowly slipped to ‘Short time’ investing (buy today and sell within a week time) as I am finding it to be safer and the growth is faster.

This is my latest status,
Invested about 8lacs total income so far: 1.08 Lacs
Loss (all controlled loss) 0.33 Lacs
Profit 0.75 Lacs

So I want your opinion here. Am I doing right? Is the performance ok? Or need to change my strategy?

Thanks for any useful information
SF

pawasthi.investor · #2 22nd February 2008, 12:39 AM

Hi sam,

I am also a new trader but I think a little differently.

I feel that stock market is not just a casino but it is a system which gives us a platform to grow with any company in which you are investor. You are believing in any company and investing(becoming part of it) in it and when the company performs well in 2-3 years you get your percentage of earning and you make profit any no one losses its a Win-Win situation.

However if you are buying and selling within a week then you are not using stock market as a platform but as a casino. If you get 15% return in a week then just think of one small thing. does the company suddenly grow by 15% in a week???? No man nothing grows so rapidly, so where does this money came from? It is a money of some other investor(s).Today you have earned but in casino no one wins everyday.

So I'll suggest you to play with small amount and invest with big this will give you better returns.

However I am not any experienced trader/investor . I just posted what I personally feel.

wc2007 · #3 22nd February 2008, 01:46 AM

Quote:

Originally Posted by SamFisher

Hello traders/investors,
I just started trading online since about 35 days, initial idea was to invest for long but then slowly slipped to ‘Short time’ investing (buy today and sell within a week time) as I am finding it to be safer and the growth is faster.

This is my latest status,
Invested about 8lacs total income so far: 1.08 Lacs
Loss (all controlled loss) 0.33 Lacs
Profit 0.75 Lacs

So I want your opinion here. Am I doing right? Is the performance ok? Or need to change my strategy?

Thanks for any useful information
SF

So your net profit is .42 Lacs which means 5% of your initial Deposit, I would say its quite aggressive - If you can maintain this ratio please pass me some tips

SamFisher · #4 22nd February 2008, 11:40 AM

Quote:

Originally Posted by pawasthi.investor

Hi sam,

I am also a new trader but I think a little differently.

I feel that stock market is not just a casino but it is a system which gives us a platform to grow with any company in which you are investor. You are believing in any company and investing(becoming part of it) in it and when the company performs well in 2-3 years you get your percentage of earning and you make profit any no one losses its a Win-Win situation.

However if you are buying and selling within a week then you are not using stock market as a platform but as a casino. If you get 15% return in a week then just think of one small thing. does the company suddenly grow by 15% in a week???? No man nothing grows so rapidly, so where does this money came from? It is a money of some other investor(s).Today you have earned but in casino no one wins everyday.

So I'll suggest you to play with small amount and invest with big this will give you better returns.

However I am not any experienced trader/investor . I just posted what I personally feel.

Hi pawasthi,
Thanks for your reply.

With regard to ‘Share market as Casino’…
Yes, I would have agreed with your statement about 35 days back when I started my trading. Even I wanted to invest and forget for couple of years. I too thought that ‘I grow with the company etc etc’. but in my case I put my money on 17th Jan as a fresh investor, and you all know what happened on 22nd Jan and the slaughter there after. Now I am seeing very volatile unpredictable market, I really do not know what should be the safe buying price for any stock. I see prices go up for no reason in ½ hr by 10 to 15 rs. and collapse at the same rate. So my strategy now is to put my money in reputed companies and when I feel the price is about to drop (or when just start dropping) book profits and wait for right moment to purchase the same stock again at price better than my last sold price.
I think its better that ‘Casino logic’ and more of business logic (‘Supply & Demand’)

If the share value remains in a gradual growth or fall based on the company performance then yes I agree with you and come back to your camp and become more investor and will be a ‘less trader’. Till then I will be cautious.

‘I would rather make less money than loose my money’ whether in a business or casino.

Happy investing,

Sam

SamFisher · #5 22nd February 2008, 11:57 AM

Quote:

Originally Posted by wc2007

So your net profit is .42 Lacs which means 5% of your initial Deposit, I would say its quite aggressive - If you can maintain this ratio please pass me some tips

wc2007 thanks for the reply,
Sorry I net profit was .75 Lacs so it makes it about 9%.
Basically I do nothing special, but watch news, websites, ‘traderji’ and some technical research. Idea is to buy the stock at lower price (sixth sense?) and wait till comfortable level to book profits. If I see the price started going down more than I expected I book loss and invest the money at some other stock later time. So far it’s working

VasanSuccess · #6 22nd February 2008, 02:38 PM

In voilatile market, IT works as now stocks are bottomout and go to some resistance level. By far you have done good under given market condition, But If you continue the same stratergy for long, when market is good, On sudden crash , you may loose out heavy money. IF you always have a stop loss for all transaction every day, then, It must be ok.

asv_sarma · #7 22nd February 2008, 02:57 PM

nice continue the pace.

but follow the suggestions of other investors, and try guess the correct company by reading their annual fact sheets and bullion market, dollar value,
these are some facts that will help you to get the sector the growth and invest in a company fallen or has risen to a small extent then you will sure get profit of 1 - 10%
daily
remeber if dollar rete increases then invest in it shares like satyam,tcs
if budget goes well and interests goes down the invest or divest in banking shares

always remember automobile is evergreen

SamFisher · #8 22nd February 2008, 03:54 PM

Quote:

Originally Posted by VasanSuccess

... On sudden crash , you may loose out heavy money. IF you always have a stop loss for all transaction every day, then, It must be ok.

Agreed VasanSuccess,
So far I have been setting my own manual stop loss, is there any way to get these values? Or any formula to use?
Thank you

Quote:

Originally Posted by asv_sarma

nice continue the pace.
but follow the suggestions of other investors, and try guess the correct company by reading their annual fact sheets...

Thank you asv_sarma,
Yes, I have been following this forum and other websites keep watching for any new development w.r.t the stock etc. but current market looks stubborn to move up. Hope we will see the green beginning of next month.

Sam

wc2007 · #9 22nd February 2008, 04:04 PM

I want some advice, I bought BajajAuto 20 shares @ 2310 levels today. For getting brokerage money I need to sell at least for 2340. What level should I keep them, 2400 or 2500.

Thanks

biyasc · #10 22nd February 2008, 04:15 PM

Quote:

Originally Posted by wc2007

I want some advice, I bought BajajAuto 20 shares @ 2310 levels today. For getting brokerage money I need to sell at least for 2340. What level should I keep them, 2400 or 2500.

Thanks

hold for

5000,