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)
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)