Chartered Accountant
1139 Points
Joined August 2013
| Originally posted by : Soanli Jain |
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i like to start working in stock market as a part time. please suggest your ideas in equity..how to earn money minimum 500 per day. how much i should invest. and what are the best scripttts.. and what is the minimum shares i can buy... please help me friends. |
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Hello,Share market is nothing but a sheer patience and luck and depends upon your investment strategies.I have been also a beginner in this for quite sometime and have a learnt a few things which I can share.
The following things are worth mentioning which you need to follow for a good return:-
1.You need to understand the basics of a share market.You need to go through the basic fundas like,what is NIFTY,SENSEX and how does it affect the market directly or indirectly.What are the various sectors to invest money,etc. etc.For this go through the various articles available.
2.After you have grabbed the basic ideas select the portfolio(Investment sectors) wisely and how would you like to invest your money.This step is really really important as this will determine your returns.
For this lets say you have a sum of "Rs.-40000\-" to start of with and you would like to invest it in shares.Then select the sectors like banking or IT or OIL or Defense or Pharmaceutical sector or any other sectors and place your bet on selective sectors.Its very important always to invest your money in shares of different sectors rather than investing all the money in one sector.
Lets say that you bought SBI of 100 shares of Rs.-400 each.Now as you have invested all your money you have to wait for any growth in that single share as all your money has been exhausted in that which narrows the scope for a good return in a short point of time.Thus,its always advisable not to do so.Even if you select a single share to invest all your money,then invest the money at various rates like for say at a rate of 250,300,350 etc at dips at regular intervals so that u have captured different rates and its bound to give a growth at some point of time to generate the returns.
But always look to invest in different shares with a certain sum like SBI,YESBANK,AXISBANK in banking sector and like TCS,INFOSYS,TECHMAHINDRA in IT sectors.These shares fluctuate widely and give a good return generally.
3.The third vital step is to track the share market continuously.You need to keep yourself always updated of how the share market is doing everyday.For this watch a good channel on share market like CNBC AWAAZ or read regular newspapers like Economic times.By this you will learn a lot only by listening regularly and will be a pro in a few days itself even if u don't know anything.They run very good programmes to keep everyone updated and its a really great way to kick start your trading.
4.Share market apart from performance of companies and other factors like economic conditions,currency fluctuations is also mostly affected by the share market of other countries like US,EUROPE etc.Whenever there is a bad news in foreign markets it has a heavy negative effect in our country and thus hampers growth.So,dn't be nervous and tensed because of that.A good share will always give return no matter hw the situations.For this you need to have patience.
5.Its not always certain that u will make a minimum of 500 everyday but u may go empty handed for quite a few days and get even a meagre return on few days.So,for this wait for the right time to invest and get returns.
6.Also you need to have a bit of luck,as recently when Vijay Mallya was declared wilful defaulter,due to its negative effect all experts told to stay aways from the share of USL(Mcdowells) as they thought it would show a negative run and would decline to a great extent.But,nothing such great adverse effect was seen and the share is running at the same rate as before even after being delisted.
7.Having said all the things you need to gear up your skills for trading before doing the actual trading in share matket.For this there are a numerous dummy trading websites which helps you learn share market trading in real time situations.I have done that through a website "moneybhai.com".Open an account in it and do some trading in that to learn the tricks of trade.Also you will find a lot of illustrative articles to know about trading.Its complete virtual and nothing is real.
I have come to know of above mentioned things so far by my little experience from trading and the things can never be exhaustive.All are my personal views and you should consult from anyone else in this regard before investing.Happy trading....ALL THE BEST...