1) Your trading/investing experience.
Salaried person, Have started investing in bits every month in equity market instead of putting it in recurring deposits.
2) The number of years you have been investing or trading in the markets.
Sorry my story for number of years experience in investing .. though is a bit lengthy....
a. 6 years before a 3in1 account was offered by a bank when I changed my job in a IT company. That consisted:
1.Saving
2.Demat
3.Online Shares/Securities Investment / Trading facility
b. Within 6 months of joining, I had bought few shares of my company. Later did not do anything for almost 2 years with that account.
In the mean time as collegues discussed shares and profits in share market during lunch hours, it triggered action to buy more shares when stock price falls. I did it like this twice / thrice and finally made a kitty of 50 shares of my company. A very small "Portfolio" was built!
c. In 2012 I realised that I had received equal amount of shares free of cost from my company and that my cost of ownership came down by 50%! It was 1:1 Bonus issue! Since then I started analysing peer companies in similar activity. looked into their performances periodically. Purchased shares of the bank that offered me 3 in 1 account.
d. Subscribed to a Web portal with urge to get more knowledge on what happens to the shares purchased so far:
1.Set alerts that kept sending me information about my and related stocks. Bud did nonthing with it.
2.Started monitoring prices of my earlier company! Which was a mini steel manufacturing company.
3.I purchased a very nominal quantity of my earlier company and the bank that credited salary to me, too.
4.Comparison started within - Steel / Software / Banking sectors
5.Learned one important legal provision to this - that profits and gains out of share market acitivty are taxed at 15% if sold within a year.
6.Subscribed to Economic Times for about a month or two along with local marathi paper and started monitoring movements of the shares in software / steel / banks for Dips and 52 week High lows.
e. Since last year I decided to set off my shift allowance of Rs. 1100/- + 4000 to make it Rs. 5000 and started purchasing shares on my own using online the account provided to me.
This was a decided step and later I informed my wife that I am doing this instead of opening a recurring deposit account!
Purchased shares only in A group companies. Equation was clear - not to exceed Rs. 5000 in any month. Since I had learnt that these are companies with strong foundation and financials in their own business segment!!
e. Till mid of Year 2013 - Did not do Sell transaction as wanted to make a "Holding"
. Shares being last priority while working and family time..few of the investments were more than a year old now and were showing "Unrealised" profit into my Online portal! One day as my company's share price was near to 52 week high.. Sold 30% of what I had accumulated by investing few hundreds every month and could see a gain of 40%!!
Since then I got confidance in me. And I learnt of a "Bear" market too when SBI stock that I had purchased @ around 22 hundred odd price - went down 15 hundred and it remained under 20 hundred like that for a year or so!! I did sell finally / recently after a year out of SBI - few at profit and few at loss !!!
f. I have filed first time in my Income Tax Return for AY2014-15 - Short Term Gain with tax paid!
..........Now want to take more interest and invest more too to make good money till my retirement...
3) Your area of interest - IPO's/secondary market/futures/options/commodities, etc.
I now realise how small I am in this field and also realise too that I can do it the way I started and grow my investment and earning too!
Want to stick to equities for now till may be six months or a year
4) How do you make your trading decisions.
I refer online news of stock market portals regarding "Buy" and "Sell" stock news. Then read and try to understand the attached research report there.
Compare one stock on 2-3 web portals for who is showing similar Buy / Sell signals - as researchers are different .. get more knowledge by reading from 2 / 3 places
Then look at allocation out of my salary account .. I have never put gains so far back into my salary account so confirm how much funds are at my disposal and so far I have not exceeded my limit of setting aside around 5 - 8 k every month to buy shares
5) How you discovered this forum.
With urge to increase rate of return to more than 20-30% .. Had joined one small training session. Which tought me on "Fundamental" Analysis and then basics of making a "Buy" decision which is completely a price driven mechanism irrespective of strong fundamentals that drive the gains and losses!
....Later when I came home and browsed on some "More sites to visit for knowlege" and found this portal !!!
6)
Now I have questions in front of me -
1. Can a person like me who - by all caution cannot go beyond 6k to.. max 10k now every month which can be "Allocated" to online trading account...
indulge in "Intra Day" Trading ??
As I intend to earn at least 2k to 5k every month
2. What are "Daily pills" that must take to do this"
3. Simultaniously, I have decided to go by my own Systematic Investment Plan - SEP similar way I pay my electricity bill online every month!!
My allocation for that is only 3k for now that I can continue for 12 months or more.
What would be the "mix" of shares that I can select within 3k for SEP?
Hope this forum accepts my story so far.. also please comment if I have any "Not right" things so far.
====================================================
Shanks
Salaried person, Have started investing in bits every month in equity market instead of putting it in recurring deposits.
2) The number of years you have been investing or trading in the markets.
Sorry my story for number of years experience in investing .. though is a bit lengthy....
a. 6 years before a 3in1 account was offered by a bank when I changed my job in a IT company. That consisted:
1.Saving
2.Demat
3.Online Shares/Securities Investment / Trading facility
b. Within 6 months of joining, I had bought few shares of my company. Later did not do anything for almost 2 years with that account.
In the mean time as collegues discussed shares and profits in share market during lunch hours, it triggered action to buy more shares when stock price falls. I did it like this twice / thrice and finally made a kitty of 50 shares of my company. A very small "Portfolio" was built!
c. In 2012 I realised that I had received equal amount of shares free of cost from my company and that my cost of ownership came down by 50%! It was 1:1 Bonus issue! Since then I started analysing peer companies in similar activity. looked into their performances periodically. Purchased shares of the bank that offered me 3 in 1 account.
d. Subscribed to a Web portal with urge to get more knowledge on what happens to the shares purchased so far:
1.Set alerts that kept sending me information about my and related stocks. Bud did nonthing with it.
2.Started monitoring prices of my earlier company! Which was a mini steel manufacturing company.
3.I purchased a very nominal quantity of my earlier company and the bank that credited salary to me, too.
4.Comparison started within - Steel / Software / Banking sectors
5.Learned one important legal provision to this - that profits and gains out of share market acitivty are taxed at 15% if sold within a year.
6.Subscribed to Economic Times for about a month or two along with local marathi paper and started monitoring movements of the shares in software / steel / banks for Dips and 52 week High lows.
e. Since last year I decided to set off my shift allowance of Rs. 1100/- + 4000 to make it Rs. 5000 and started purchasing shares on my own using online the account provided to me.
This was a decided step and later I informed my wife that I am doing this instead of opening a recurring deposit account!
Purchased shares only in A group companies. Equation was clear - not to exceed Rs. 5000 in any month. Since I had learnt that these are companies with strong foundation and financials in their own business segment!!
e. Till mid of Year 2013 - Did not do Sell transaction as wanted to make a "Holding"
. Shares being last priority while working and family time..few of the investments were more than a year old now and were showing "Unrealised" profit into my Online portal! One day as my company's share price was near to 52 week high.. Sold 30% of what I had accumulated by investing few hundreds every month and could see a gain of 40%!!Since then I got confidance in me. And I learnt of a "Bear" market too when SBI stock that I had purchased @ around 22 hundred odd price - went down 15 hundred and it remained under 20 hundred like that for a year or so!! I did sell finally / recently after a year out of SBI - few at profit and few at loss !!!
f. I have filed first time in my Income Tax Return for AY2014-15 - Short Term Gain with tax paid!
..........Now want to take more interest and invest more too to make good money till my retirement...
3) Your area of interest - IPO's/secondary market/futures/options/commodities, etc.
I now realise how small I am in this field and also realise too that I can do it the way I started and grow my investment and earning too!
Want to stick to equities for now till may be six months or a year
4) How do you make your trading decisions.
I refer online news of stock market portals regarding "Buy" and "Sell" stock news. Then read and try to understand the attached research report there.
Compare one stock on 2-3 web portals for who is showing similar Buy / Sell signals - as researchers are different .. get more knowledge by reading from 2 / 3 places
Then look at allocation out of my salary account .. I have never put gains so far back into my salary account so confirm how much funds are at my disposal and so far I have not exceeded my limit of setting aside around 5 - 8 k every month to buy shares
5) How you discovered this forum.
With urge to increase rate of return to more than 20-30% .. Had joined one small training session. Which tought me on "Fundamental" Analysis and then basics of making a "Buy" decision which is completely a price driven mechanism irrespective of strong fundamentals that drive the gains and losses!
....Later when I came home and browsed on some "More sites to visit for knowlege" and found this portal !!!
6)
Now I have questions in front of me -
1. Can a person like me who - by all caution cannot go beyond 6k to.. max 10k now every month which can be "Allocated" to online trading account...
indulge in "Intra Day" Trading ??
As I intend to earn at least 2k to 5k every month
2. What are "Daily pills" that must take to do this"
3. Simultaniously, I have decided to go by my own Systematic Investment Plan - SEP similar way I pay my electricity bill online every month!!
My allocation for that is only 3k for now that I can continue for 12 months or more.
What would be the "mix" of shares that I can select within 3k for SEP?
Hope this forum accepts my story so far.. also please comment if I have any "Not right" things so far.
====================================================
Shanks
