I plan to do SHARE TRADING.
By wealthymouli
@wealthymouli (710)
India
December 13, 2012 8:23am CST
As an Insurance Adviser, I can plan my daily-weekly-monthly schedule. So far I have tried some online methods to make extra money, and some offline methods [MLMs, and small business-in traditional methods. Now I feel I can try this Share trading also which is the ONLY ONE I HAVE NOT TRIED so far. Friends, I seek to know any important basic info as well as proven strategies from you all.
3 responses
@venkataraman_vc (5293)
• Chennai, India
24 Dec 12
As you always say, online earnings, though we can make it considerably, is volatile and may collapse at any time. (I find it really tiresome to build a team and notice it collapse overnight due to payment processors or any other silly thing.)
Share Trading - sounds good.
My Brother-in-Law was in that field for about 6 years and he involved me too a little. Though I didn't learn anything, I got an outline. One thing I understood that there should be steady flow of funds, even if it is little, instead of one time. (I invested Rs.5000. It became Rs.25000 next day, but gone the next day. I lost Rs.5000 in just 2 days. I don't mind the loss, but their behaviour was weird as if it was my responsibility. Immediately I closed my account.)
Some of my friends are now doing Commodity trading, which I don't know anything. I'm thinking of giving a try with them.
@venkataraman_vc (5293)
• Chennai, India
24 Dec 12
The only mistake I made was I completely believed and authorized my brother-in-law to trade on my behalf. Unfortunately he relied on other person (his colleague) who didn't understand the seriousness.
Later, when I got an alert from the broking company, I insisted my brother-in-law to close the account. At the time of closure of my account, my trading account balance was Rs.-75,000+. The broking company won't accept cash and they won't accept any other person's cheque. They insisted for my bank cheque or Demand Draft. I had to follow them up until they pay it via Demand Draft and close the account. Thank God, I had a hold that though I authorized them to trade on my behalf, I didn't sign any delivery instruction.
@wealthymouli (710)
• India
25 Dec 12
Yes. It happens at time. When we believe some one and they are not up to the standard in knowledge as well as responsibility, ultimately we are only victimized. Balance going in to -75000/- is such a careless thing. Any way, You got out of the thing is a blessing in disguise.
@wealthymouli (710)
• India
24 Dec 12
Well, VCV you are right. And there are many many strategies. To get real success in share trading, as you said, one must have steady. Also cool headed and do not panic under any circumstances. Reason for 5000 become 25000 next day is due to availing the exposures the brokers give. For example, for 5000 you may get 10 time exposure means u can by shares worth 50000/- and if each share is 100/- you may get 500 shares. and when you sell them when it reach 105/- per share, you gain, 2500/- and if you succeed 10 times like this, you can make easily 25000/- in a day. But remember the next time if it goes below the buy rate of 100/- say to 90 then you are forced to sell all the shares to save your account. so you loose 500 x 10 = 5000/- rupees.
I am now carefully planning with a strategy, where I can make some 2000 Rupees in a month for 10000/- capital. means 20% profit, which is a sure win strategy.
@mohkanari (1957)
• India
13 Dec 12
Systematic investment in stock market is one tension free method. Every month or such a fixed interval buy same selected stocks for a fixed amount or pieces. Mutual Funds have this advantage. Another one is averaging method. Whenever stock market goes down buy some more pieces of same stock so that average cost per stock and its market value always keeps lesser difference. There will be always ups and down in stock market. Whenever stock value rises over average value sell them suitably.
@wealthymouli (710)
• India
14 Dec 12
Thank you Mohkanari for the valuable advice [tips] I make note of this point. Next week I am going to open an account. I tried with two three share brokers[sub-brokers] and most of them says 0.04 to 0.05 for brokerage with min 10 K as trading money.I am from Chennai.
@mohkanari (1957)
• India
14 Dec 12
That is normal commission for delivery trade. If we sell on the day itself without taking delivery it comes to 0.005%. You can open account even with Rs3000/, but then you may have to pay Rs600/ or so as demat a/c opening charges. Above Rs10000 this is done free of cost. I have tried "Jeojit BNP Paribas" and "Karvy" and both have good customer service.
@wealthymouli (710)
• India
14 Dec 12
Seems you too are like me. In fact, I found very quickly, means in a short time that most online things are either scam or they give you very very less money for the time and effort you put. All we need is SUCCESS, and OFFLINE is best. But we can use the net for our offline ventures. This is my view.
