Instinct and Equities.

#1
Hello.
Me and one of my friends have finally decided to invest 50k together in stocks, and playing solely intraday. However, none of us has any technical analysis experience and nor can we say the difference between macd and bollingers point (if i spelled those correct). However, i have had an experience of 6 months in sharekhan, where i lost 2k of my 5k investment (i used to trade on a delivery basis then)

So, before we invest we decided to sit and watch the market for 15 days.and for the last 15 days we, visit moneycontrol everymorning, check the market status and what are people expecting. Also we shortlist 3-4 stocks and watch them from 9:15 to 3 o clock. In the mean time, we also paper trade (not through any web site. we pick up one of those stock at a particular price and watch if we can make a profit out of it in the day)

After watching the market and anticipating costs for full 15 days, i must say we have never went into loss.So i want to ask the beginners and the seasoned players that is it really necessary to have technical analysis skills? are we getting just lucky? or instinct does play a role? or are we gaining because we have not invested real money? or because we are not afraid?

I am challenging my own faith here, but since we are planning a big investment in a few months, i would like to know your opinions.
(...In case you re wondering, we are both university students)
 

Rish

Well-Known Member
#2
Hello.
Me and one of my friends have finally decided to invest 50k together in stocks, and playing solely intraday. However, none of us has any technical analysis experience and nor can we say the difference between macd and bollingers point (if i spelled those correct). However, i have had an experience of 6 months in sharekhan, where i lost 2k of my 5k investment (i used to trade on a delivery basis then)

So, before we invest we decided to sit and watch the market for 15 days.and for the last 15 days we, visit moneycontrol everymorning, check the market status and what are people expecting. Also we shortlist 3-4 stocks and watch them from 9:15 to 3 o clock. In the mean time, we also paper trade (not through any web site. we pick up one of those stock at a particular price and watch if we can make a profit out of it in the day)

After watching the market and anticipating costs for full 15 days, i must say we have never went into loss.So i want to ask the beginners and the seasoned players that is it really necessary to have technical analysis skills? are we getting just lucky? or instinct does play a role? or are we gaining because we have not invested real money? or because we are not afraid?

I am challenging my own faith here, but since we are planning a big investment in a few months, i would like to know your opinions.
(...In case you re wondering, we are both university students)
All the best, technical analysis just support for trade not necessary to follow 100%
 

Ameet148

Active Member
#3
I would say don't just jump to such huge amount for trade just because you succeeded on pen and paper.Try investing Rs.2000/- and see if your strategy works for another fifteen days.What percentage profit are you looking on a daily basis from your trades?
 

Mr.G

Well-Known Member
#4
Hello.
Me and one of my friends have finally decided to invest 50k together in stocks, and playing solely intraday. However, none of us has any technical analysis experience and nor can we say the difference between macd and bollingers point (if i spelled those correct). However, i have had an experience of 6 months in sharekhan, where i lost 2k of my 5k investment (i used to trade on a delivery basis then)

So, before we invest we decided to sit and watch the market for 15 days.and for the last 15 days we, visit moneycontrol everymorning, check the market status and what are people expecting. Also we shortlist 3-4 stocks and watch them from 9:15 to 3 o clock. In the mean time, we also paper trade (not through any web site. we pick up one of those stock at a particular price and watch if we can make a profit out of it in the day)

After watching the market and anticipating costs for full 15 days, i must say we have never went into loss.So i want to ask the beginners and the seasoned players that is it really necessary to have technical analysis skills? are we getting just lucky? or instinct does play a role? or are we gaining because we have not invested real money? or because we are not afraid?

I am challenging my own faith here, but since we are planning a big investment in a few months, i would like to know your opinions.
(...In case you re wondering, we are both university students)
Your will have better luck in a casino. Start with low amount or you will get burned. I'm a fund manager and a university student.
 
#5
Without a plan good luck. When you paper trade the profits and losses are notional. With real money emotions come into play which is why you need to have a plan and stick to it.
 
#6
Nirahjan, Thank you for your well wishes.
Ameet148, thank you for the suggestion. As i have said, when i started trading, i didnt knew anything (thanks to sharekhan) and i made a loss of 2k from my 5k investment. However, today i am able to reflect my reasons to lose and though i may not earn 1k or 2k in a day, i can go forward without such losses.
I am planning to earn no more than 150-200 per day, on our 50k investment.It would give me a monthly return of 6% and annual return of lets say 50% after all the losses. I think it would be phenomenal.

And, Mr.G, i was expecting something inspirational from a fund manager but alas, people like you dont want anyone except you to rise.

Ecpinto, thanks for the tip. I will not let emotions come into play. I guess, knowing ones capability and worth is first to win a game in stock market. I wont think im Gordon Gekko haha
 

hauler

Active Member
#7
Nirahjan, Thank you for your well wishes.
Ameet148, thank you for the suggestion. As i have said, when i started trading, i didnt knew anything (thanks to sharekhan) and i made a loss of 2k from my 5k investment. However, today i am able to reflect my reasons to lose and though i may not earn 1k or 2k in a day, i can go forward without such losses.
I am planning to earn no more than 150-200 per day, on our 50k investment.It would give me a monthly return of 6% and annual return of lets say 50% after all the losses. I think it would be phenomenal.

And, Mr.G, i was expecting something inspirational from a fund manager but alas, people like you dont want anyone except you to rise.

Ecpinto, thanks for the tip. I will not let emotions come into play. I guess, knowing ones capability and worth is first to win a game in stock market. I wont think im Gordon Gekko haha
I would say most important piece of advice is coming from Ecpinto. There is no way you can emulate paper trades into real trades with real money. I would say jump into the trades now, make some mistakes learn from them and rise again. People make money from instincts, but then even Gordon Gekko wouldn't have made. That's a very very rare breed.
 
#8
its better to do a course in technical analysis to understand how work on patterns formed , with good understanding of charts u ll be able to take technically correct trades
 

Mr.G

Well-Known Member
#10
Why do you want to be use technical analysis and not fundamental analysis?
 

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