I am long term invester
now lossing money.
ALOKTEXT - I know this in equity - i buy and sell this symbol - what the below code means?
ALOKTEXT-1M
ALOKTEXT-2M
ALOKTEXT-3M
Thanks in advance
I feel sorry for you. Of course, I too have been losing money. You should remember one thing which is a stock is never a investment. It is speculation and often reward comes after a lot of hard work and being on the right side of the game. My suggestion would be to follow one or two stocks or a sector dedicatedly and be familiar with its price movements. Then you will have a feel for the stock.
For instance I have been following Neyveli stock from May this year from its price of Rs 110. Today it is trading at Rs 69 - 70 range. Try to see the volumes of the stock as well. Once you are confident about this you will achieve success.
I recommend a book "Reminiscences of a stock operator" for reading about stocks. This is a wonderful book and tells the story of Jessi Livermore who made a fortune during the great depression when most of the other speculators lost loads of money.
Remember stocks is a zero sum game. When you make money someone else is losing it. Even in a bear market, those on the short side gain money from those on the long side. Essentially it is redistribution of wealth to those who are right at that point of time.
Hope this helps
Shepherd