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
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..
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.
yes...its a very interesting game.
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 :
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.
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.
| Originally posted by : vipul | ||
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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. |
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completely agree... 
..emotions play a crucial role in the market... its very tough to hold on to emotions when MTM drives sharply on either ways....
CAclubindia
