How successful are you in stock market trading? What is your advice to the beginners?
remove all prejudice .. many may advise to you here and it looks very awkward and foolish to you .. only to come back and see the same advise after five years. by that time you would have blown multiple times ur trading account.
ok now back to subject .
A a newcomers my advise is don't watch any stock mkt channels or news and no need to read any technical or fundamental analysis. instead the easy way is
Step 1
u will see in main stream media ( like times of india, sun tv, india today like news channels ) some news like blood bath in dalal street , some big company go bankrupt, or some bank , god forbid some suicide stories etc . that time just come and see and ensure the index like nifty/sensex lost more than 30% of its recent peak . then go and buy some blue chip stocks ( here only u need to spend some time what all those companies that too big to fail) and buy in three/five installments . diversify the field in ur purchase like banking, oil, motor, fmgc, etc .
then shut down and go hibernate
step2 ,,, may be after 7 to 10 years again main stream media will come and say investor added fews lakhs crore in single day .., even the paper boy taking abt investing in mkt . open your trading account and u will surprised to see the fortune in that . sell all .
follow step 1.
if your are at 30 : in the first 10 years 1 lakhs will be 20 lakhs and do your maths . have a peaceful life. teach your kids too .
now the twist . the whole above advise looks to you awkward and foolish.