A New Journey

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I have repeated many times to comeup with something new but have failed always.

Finally I hope I got some respite in the form of rise in Riddhi Siddhi.

I hold a small position of 99 shares
sold 25 @ 50% profit.

and remaining all my holdings worth about 3.5 lakh are all stuck at different levels in almost 45 companies shares(very small amounts in each but at very high price0.

I think now I realise most of my mistakes. I will summarise them for others too.

--- Timing the Market is Impossible(eg. everyone (includes me) thought of an in stable government and and a market crash which didn't happen).

--- A stratergy needs to be prepared for both good and bad

--- Manage ur money well and remember "cash is king"

--- Never follow Tips. Tip toh waiter ke liye hai investor ke liye nahi

--- No Ultimate system/ rule. Everything has it's own limitation.

--- If every one is superman then no one is

Please encourage me in this journey by giving your valuble reply.

p.s.: 1) I will not post regulary in this dairy.

2) I will mention any new addition of stocks after I have bought (no use for tip seekers).
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My present stratergy is to redeem most of my stock stuck at different levels if the market bounces back and reduce to loss by atleast 50,000

Pls. suggest any valuble suggestions by replying. All criticism also welcome. Now I admit my Mistake and I am sorry for it

Nifty Waiting in Wings to Trip P/E post 23 a danger mark see my post here for the reasons

Anyway Nifty@ 20 P/E folks

Hi riser3,
I am coming here from your thread "Trying to double money in 5 years".

Can you please let me know few more things about you? Are you a full time or part timde trader?

What is your opinion about 1% daily gain. Going by this rate, money will double in less than 3 months. So have you tried this?

Thanks,
-Rohan.

I am getting the shock of my life when I saw the name bunny. It is my nick name and was the original request to Traderji for that name but he said it was impossible so that's u rohan

coming to the point
daily 1% gain it's quite possible if u r the broker with no brokerage.

It's mathematically correct but in practical case you falter any senior will tell u that I am a Part time trader in the sense that I don't sit through out the day.

Trading is Just Activity and takes only 1% of time(I have Web trading) planning takes the remaining 99% so it depends on how you define trading activity.

I would like to share my experience regarding Bharti Airtel and Andhra Bank.
I bought both of them when I opened Account(Febriary 1st 2005) Bharti @239 AB@73
Sold AB @ 99 and Bharti @ 316.

Bharti Tripled While AB remained there itself after 4 years.
Am I a Fool or intelligent Bloke ??

Whoever wishes to foresee the future
must consult the past, for human
events ever resemble those of preceding
times. This arises from the fact that
they are produced by men who ever
have been, and ever shall be, animated
by the same passions, and thus they
necessarily have the same results.
– Machiavelli,
the Italian political theorist

I have got 100% on my 99 shares. The P/E of stock is around 12. I am in dilemna to Buy or sell. I may appear foolish but I am tempted to sell My time horizon for the same target was within maximum time of six years but i got in 9 months. So what Should I do ???

Pls. all of you who view this thread please comment and have you gone through tis dilemna of sorts. Please share your experiences

Watch this space for what I may do

urs

Ok brought 2 new rules

1) will follow mkt and not predict price targets instead will have time targets

2) will presently work on stock -cash segment only

Only Views No replies is quite discouraging at least write something

Heritage has quite frustrated me I was expecting it to fall more but it went on due to mkt rally kk.......

had been following for 6 days f#@king stock. Had been under losses for 4 quarters yet raising

meanwhile the good news is i have successfully cut of 20K old stock baggage will cut more baggage if mkt raises continuously giving me more oportunities

Riddhi Siddhi is giving me a sweet headache but it is still headache you see.

My Basic Capital is around 3 Lakh and aim to double it.... 8.33% progress made by cutting baggage and few clever ploys(averaging) still 100% to go any ways I am satisfied that even after a big loss (even now) i am scraping through that's good work

bye for now folks will catch u later with more stuff

Today's a Sell Day for My Jr. Stocks

Symbol Sold Sold Value
LNT 1 1,407.20
NTPC 12 229.05
STERLITEIND11 666.55
COLPAL 3 477.5

13k Baggage cut off Amount in Losses down to 2.94 lakh