LIVE GST Audit Course by CA Sachin Jain. Register Now!!

Stock market

Ishika (ca final) (250 Points)

31 December 2013

Hello friends,

I have notionally invest Rs. 1 crore in stock market and done paper trading from last week.

In the first week i have booked Combine profit of Rs 35000 ( 20 dec- 27 dec)

Yesterday (Monday) i have booked Combine profit of Rs. 46500 (27 dec-30 dec)

Today (Tuesday) i have booked profit of Rs. 57300.

I Want to know whether i am a right guy to invest in stock market, as i noticed my most of the predictions gone true. i have not opened demat account yet.

Thanks for your advice

Reply
Follow
Share

17 Replies

(Guest)

go ahead,u will be muti billionaire in few months...

Ishika (ca final) (250 Points)
Replied 31 December 2013

Oh thanks... but i don't have much to invest and also don' t want to invest my entire savings(10000).

And also sens*x will go down in the coming year due to political instability and govt. inappropriate measures. so this is not the right time to invest, i think. it is better to invest during election for long term and up to that just buy and sell share whenever u saw some profit..

(Guest)

if u don't have demat, how u will invest ???

(Guest)

from my experience trading is more beneficial than investment if u do it full time trading.

Ishika (ca final) (250 Points)
Replied 31 December 2013

Well i will open demat a/c as soon as possible., I have not opened yet because i just want to check my investment.

It will be a matter of great joy for me.

(Guest)

be stock specific,u will always earn money

Ishika (ca final) (250 Points)
Replied 31 December 2013

yes...its a very interesting game.

CA Anoop Dangwal (CA, M.com, B.com,) (899 Points)
Replied 01 January 2014

Intraday trading that you are doing requires full time as market is volatile and reacts to each economic news and announcements. If you are working or studying, than focus on either trading or your work. Doing both at the same time will not give the desired result.

As per my experience, stock trading or forex trading is a full time work and one has to be active all the time. Also, you can try participating in various forex contests and devise your own strategies. Below are some of the link :

Dukascopy Forex Community :: Dukascopy Bank SA | Swiss Forex Bank | ECN Broker | Managed accounts | Swiss FX trading platform

Forex Trading Contests | Forex Razor Tools and Training

FxMIM Company | World Forex Championship and Best Forex Services

EXNESS - Contests

3 Like

N.Prakash (Working) (71 Points)
Replied 01 January 2014

Investing in stock markets is something you can do at any time.No one can time the market and don't ever try to do so.Start investing in a small way.Say 100 minus your age should be your ideal exposure to equity.

Pick up any co or stock which you like.Do research on your own and keep tracking the stock.Have only two to three stocks in your portfolio.Invest systematically and periodically.Do not do day trading at the beginning you may burn your fingers.Do not go for derivatives as they say they are weapons of mass destruction.Markets have always rewarded investors and punished speculators.

Equity markets give phenomenal returns.You get richer and richer even after you die.Happy investing.

LALIT KANSAL (student) (21 Points)
Replied 01 January 2014

Sir mere earning notionally is not concluded that you are guy perfect on stock market this only means that you have gud sense but dear beware if you can go into it have you to keep sharp eyes on news and its autheticity also creating equations and futher taking decision is not a easy task. Dear if you want it to full time job i will not suggest. in this trade if you want to earn try to took a post of broker and in any way your earning start booking

vipul (CA Final) (35 Points)
Replied 01 January 2014

hi.. i m doing Trading since last 2 years. unless and until you play with real money you will not feel much involved. if you really want to be a day trader, must read techinical analysis books and apply them on real time charts during market hrs.

Most difficult part of trading is managing your emotion, if you can handle it then you can be successful trader.

Making profit in day trading every time is impossible. if 7 teades of 10 goes correct then also you can earn good. But to acheive such success ratio you have to spend time during market hrs 9.15 to 3.30 and apply techinical analysis theories.

All these are my personal experiences of day trading. it may change from person to person.

1 Like

Ishika (ca final) (250 Points)
Replied 02 January 2014

I am not doing intraday trading....I just buy shares on delivery on the basis of my prediction.... and sell them whenever I got good profit. My today's notional profit is more then 70000 in maruti Suzuki and SBI share which I have purchased 1 or 2 days ago. its very much interesting.

Ishika (ca final) (250 Points)
Replied 02 January 2014

The only problem is it requires time and continuous research on the sacrifice of work & study.

indrani (Working and studying) (195 Points)
Replied 02 January 2014

Originally posted by : vipul
	hi.. i m doing Trading since last 2 years. unless and until you play with real money you will not feel much involved. if you really want to be a day trader, must read techinical analysis books and apply them on real time charts during market hrs. Most difficult part of trading is managing your emotion, if you can handle it then you can be successful trader. Making profit in day trading every time is impossible. if 7 teades of 10 goes correct then also you can earn good. But to acheive such success ratio you have to spend time during market hrs 9.15 to 3.30 and apply techinical analysis theories. All these are my personal experiences of day trading. it may change from person to person.