Have you or anybody you have ever met made money as a trader in the stock market
September 16, 2006 2:00am CST
please tell me about it.
5 Oct 06
dear sweety! I have made money to the tune 0f Rs 12000 on a single day.while on delivery trade I made Rs 43000 in a single stock by holding it for 7 months.I would suggest for very short term invest in TNPL.to find out why see the link www.soulcast.com/investing_genious
17 Sep 06
I did & so do many of my friends. 1st of all start with an modest amt.choose a good broker;for e.g. if you are in Mumbai ;Geojit Ltd. are good brokers nr the BSE.Then invest when the market falls.buy low-value but A-scrip shares like Guj.Ambuja Cement,HCC or uco-bank,etc. as the no. of shares you get are more.For e.g. if u start with Rs.30000/-& go for HCC when the mkt. is down,the rate is mostly 106/-per share amounting to 283 or say 280 shares approx.Now since construction is a booming business,even if the shares rise by Rs.5/-;you exit(they had shot up to Rs.118/-recently);you make an handsomely Rs.1400/-.But before investing I studied the mkt. & kept watch on certain scrips for at least 6 months.Keep watching channels such as CNBC & read ECONOMICS TIMES also if possible.BEST LUCK!
16 Sep 06
What would you like to know? It's pretty straightforward. Either depend on luck or depend on education. If you depend on luck, eventually it'll run out. So that leaves education. Unfortunately, most people are not taught how to properly invest, so bad advice ends up getting dispensed from person to person to person until start believing those things as truths, when all that happened was, someone who didn't know what they were doing told you what they knew! If you wanted to learn how to fly, would you just ask a group of coworkers what to do? No! You'd ask pilots and trainers. That said, I'll be glad to answer anything you'd like to ask. The key for me was education. It became readily apparent that it's very easy to make money in the stock market if you know a few things. 1) A successful strategy/rules (it only takes one) - there are literally hundreds of ways that work. You only need one. Here's where education's important. Through education, you can learn these strategies and learn signals of things that are happening. 2) Discipline to follow your rules and to not trade based on emotion 3) A willingness to be wrong and to admit when the market turns against you. No strategy works 100% of the time. The most successful of traders still have bad trades. The key to this is the next point. 4) Money management. Having a proper investment strategy also involves money/risk management. Knowing that you could be wrong at any time, it would be foolish to risk 100% of your money on any trade, right? Yet people do just that. Most successful traders will tell you they only risk up to 1-2% on any trade max. 5) Know your entries and exits ahead of time. When crude oil broke below support at $70, I had my target and my stop already figured out. Whatever the market did after that did not bother me. 6) You need support. There will be times where you may hit a patch of losses. Having a good support will help you get back on track sooner. Anyways, that should get you started. Please let me know if you have any questions. Hope that helps!