This is a complementary strategy for me to lower the cost of acquisition. through buy-sell as per gulugulu's method, i have been able to lower the cost of acquisition by 3% (brokerage already accounted for) in nearly 3 weeks. To that extent, it is certainly satisfactory.
Gulugulu has not yet shown when to buy a stock for this method. I have bought aban according to my criterion then used gulugulu's thread.
Gulugulu has not yet shown when to buy a stock for this method. I have bought aban according to my criterion then used gulugulu's thread.
I will Explain one method simillar to this One.
I bought one share @ every 10% Fall and sold @ every 10% Rise. Before doing that I will check the fundamentals also. I am one victiom(Lot of traders are doing same way this method.
Since fundamentals are good I Planned to Buy upto 0.
The Portfolio went smoothly for one Year (I earned some good Profit)
From second year I realised My Portfolio performance is much lower than Normal MF Earning.
I Learned a lesson for skipping goldden Rule 'CUT YOUR LOSSES LET YOUR PROFIT RUN'