i am just beginner in stock trading?
By manu_ghimire
@manu_ghimire (2626)
India
November 9, 2007 7:48am CST
hello everyone
i hope i will get the maximum from you people! neway i just wanted to know what precautions a beginner should take while trading online! specially trading with shares IPO and all! just take me as a dumb in this area! contents with links will be appreciated!
thanx everyone
1 response
@doingit4fun (917)
• United States
9 Nov 07
I don't have any experience in India stock market but when I started trading online on NYSE I lost a lot of money. Internet trading is a very risky business to do. You can hit the buy button like you are buying with playing money.
Now I do the following:
1. I don't buy the stock which is going down since chances are that it will continue to go down.
2. I study the stock and set a buy price and put a limit order
3. I buy after the earnings are reported and the stock is settled
4. I buy in small chuncks so if the stock goes down I continue buying till I reach my upper limit for that stock. Infosys for example is back to it's 52 week low so I will be adding that now.
I have got good 20% return this year. Good luck!
@manu_ghimire (2626)
• India
10 Nov 07
oh thanx a lot that was very fruitful information !! thanx for replying so quikly