How many of you have burnt your fingers in recent stock market carnage?

India
July 29, 2008 11:00am CST
or for that matter made some money by short selling????????? Recent market fluctuations are testing the veterans, there must be few of you, who would have been hit hard. This discussion is to learn from each other.
1 response
chennai_b02
@chennai_b02 (1735)
• India
29 Jul 08
Yes you are right.. No one can able to make money in this market (the small investors), only the big traders may made the month in this market.. This market is basically a Long term buyers market... those who can able to wait for the 18-24 months target, they can buy at this market. Even though in this market i have made something, in the front line stocks, like L&T, Reliance and the Sesagoa.. In this market, its preferrable to but on the day at any big dip like 400 and more points, and sell the same on the day in which the market is going up by 300 and more points, or if your earnings will get 10% or more from your cost.. This is the stratagy of the current market.. But you cannot do anything with the holding.. you can keep the same hold on for another one or two years to get the handsome returns..