Re: new entry in market
hai sir iam a student i intrested in doing share market . i always put share on using relinfra so i want to know the fundamentals of that company
hi raja
sorry buddy i cant comment on the fundamentals and all
i think its all bullsheet ,u must have seen people talking different people on buisness channels .
some change there statements in a month, some change in a week and even some might change in day .
i think its good time for long investing , but cant guide u on this .
i personally believe that day trading , with proper knowledge, plan and execution will be a profitable job.
i started with day trading lost money on a every single day, then gave it a break .
then one wise person told me that bank of baroda was the best banking stock( which the stock is ) as will earn good returns in a year or two so whatever i had in my account i purchased bankof baroda shares bought at 370 and the same time called ny friend to buy for him. he got it for 379.
since then it had come down and is coming down and i dont know when it will stop coming down ( forget of going up).
but then i just read articles on net for strategies and ways of day trading . no books nothing and just kept learning and finally i put a method which worked on paper for me .
this is not a lone method which i just took and it was a sucessfull .
i took a lot of pains every day shifted my constant , kept different tagets and various stop losses .
one more important factor is 0.625
which works well for some stocks but some time u can get two consecutive days in a loss . so i cahnged that aslo
finally i got a method which was profitable on paper and in actual .
i posted here and got a good response .
so read the method first , visit sohans website for calculations and papertrade .
i read an article on net
all members should read this article
HOW A STOCK MARKET WORKS
It was autumn, and the Red Indians on the remote reservation asked their New Chief if the winter was going to be cold or mild. Since he was a Red Indian chief in a modern society, he couldn't tell what the weather was going to be. Nevertheless, to be on the safe side, he replied to his tribe that the winter was indeed going to be cold and that the members of the village should collect wood to be prepared.
But also being a practical leader, after several days he got an idea. He went to the phone booth, called the National Weather Service and asked "Is the coming winter going to be cold?" "It looks like this winter, could be quite cold," the meteorologist at the weather service responded.
So the Chief went back to his people and told them to collect even more wood. A week later, he called the National Weather Service again. "Is it going to be a very cold winter?" "Yes," the man at National Weather Service again replied, "It's definitely going to be a very cold winter.
The Chief again went back to his people and ordered them to collect every scrap Of wood they could find. Two weeks later, he called the National Weather Service again. "Are you absolutely sure that the winter is going to be very cold?" "Absolutely," The Man replied. "It's going to be one of the coldest winters ever."
"How can you be so sure ? "the chief asked. The weatherman replied, "The Red Indians are collecting wood like Crazy
DHIRAJ
