Hi Friends,
I am in a problem and desperately looking for guidance. I need 25 lakhs cash in 1 year. I came to know you can make lot of money in stock market
in a short time. I met a stock market invstor, who told me he will help me meet my target ,but have to pay him 20 % profits.
Its looks ok as i am completely new to this field, as i still will keep 80 % profits, and once i learn , i can invest myself.
My friends told me to take suggestions from others, but i didnt find anyone who knows this field, so pls guide me.
I have put together 1 lakh by selling some gold ornaments and breaking my FD with bank.
I also opened demat a/c with broker.
I started reading ecoonomic times newpaper , also watch cnbc tv daily ,trying to understand this field.
I have prepared a sheet where i will write down daily stock prices.
Pls let me know any other things which i should follow, so that i can achieve my goal without any problems.
Thanks.
Come here with wrong attitude and are doomed ....
come here with right attitude and you make millions .....
What your guru told are simply a judgement based on some imaginative reasons and logics...
Now coming to you ....
your wrong attitudes ...:
1. want 25 lacs from few lacs of rupees ...( wrong ..)
2. you need it from market in one year ...( very very wrong )
3. you arranged the capital by selling you gold and breaking FD ...terribly wrong ..
above three are the most common ways of loosing money in stock market and you have done all three...lacs people loose money in stock market world over.. and above three are the most common ways of loosing ...
people here dont want discourage you but show you the true picture of stock market .
Above 3 reasons are well enough to show you how the world appears doomed to a depressed person ...
your right attitudes..:
1. you have starting studying it by reading paper , news ...etc etc ( dont depend upon media too much ...use your own brains)
2.you prepared sheet to write daily stock prices ...yes this is good way to start
There are very are breed of traders who have actually milked stock market as per their likings ... better study those peoples and their autobiography ..
1. they have very long experience in stock market before putting their first trade ...yes very long experience and observation.
like jesse livermore and one of trader of his time ...
jesse used to watch stock prices from 10 to 3 daily without pause just observe ..for continues six months before he put his trade..
2. they didnt played stock market for money or i wud say only money
3. they were testing observation and methods which excites them rather than fluctuation of profit/loss.
Now think again with calm mind what you want to do . you have choices still now . think like general public ..invest ..be doomed ...your call....
or think from observant point of view ...weigh all conditions and choose right action ..
there few steps you can take to try making from from stock market
1.observe market rigorously for 3 months and see if you could grasp anything
2. use Google and forums ....and search for ready made technical strategies available and study it hard ....choose one strategy and follow it religiously
but dont trade atleast for 3 months ...just study , observation search ...know all that you can know.
Stock markets are easy way doom your life ...its like fast forward picture of life ( where in the end you see your self die if not not played properly )
