Let me start my first post with stock market...:) At least for me this is the only thing which ignites sparks in me after technology. Its been 2 years since I wanted to invest in stocks, but somehow was not able to do so because of my laziness in getting the trading account created. One fine day, In last June I got the trading account created with Indiabulls (why did I choose Indiabulls??? Sorry I have no clue about it, I wonder why am still with them) Though I received my account details with in 15 days, I wasn't that interested to start investing all of a sudden... rather I would say I was little skeptical.
My journey in stock market actually stared in September 2010. The first ever stock I bought is Airtel for 378 Rs, that too when it was in peak :) I didn't even know which is the right time enter into any scrip. During my initial days in stock market Vijay guided me very well.. Probably I started investing in market only because of him, otherwise I would never even have thought about it. His wisdom in stock market is quite some and I'm proud to say he is my mentor :) Initial days were good, whichever stocks I would buy they used to go up in the price. Within few days I made some handsome amount of earnings. Actual game started only in 2011, when all this 2G scam, crude oil prices started and insiders stated playing.
On one bad day, my portfolio even went up to 30% of loss which I couldn't digest. The mistake I used to do is buy the stocks impulsively. There was a time, where within a week without even doing any analysis I had purchased few stocks for several thousands which would never reach the actual purchased price if I hold them for next 1 year also. One important lesson I learnt is, we should never be impulsive in stock market. Otherwise will definitely end up in burning our fingers which can't be healed at all.
And one more thing I learnt and still learning is never ever go by what so called stock analysts say. I even wonder, did they ever suggested a stock which had really gone up in the price. Same people change their voice every day without even giving any logical explanations for whatever they suggested previously.
My portfolio is in loss now but am sure I will make money here. More than money, this keeps me occupied and I got to know about lot of companies which I wouldn't even heard otherwise.
My advise to all youngsters like me is, instead of social networking sites hang on to stock market, invest strategically and am sure you can make good amount of money. I am not saying everyone will become rich like Warrent Buffet but spending time here is worth it. You will get to know whats happening in Indian economy, global economy. How each and every small political incident can bring down the market... and of course you can make money if you have patience.
Cheers,
Ravi
PS: This is my first post. Definitely there will be lot of mistakes, so suggestions are welcome... Am open to change and new ideas :)
My journey in stock market actually stared in September 2010. The first ever stock I bought is Airtel for 378 Rs, that too when it was in peak :) I didn't even know which is the right time enter into any scrip. During my initial days in stock market Vijay guided me very well.. Probably I started investing in market only because of him, otherwise I would never even have thought about it. His wisdom in stock market is quite some and I'm proud to say he is my mentor :) Initial days were good, whichever stocks I would buy they used to go up in the price. Within few days I made some handsome amount of earnings. Actual game started only in 2011, when all this 2G scam, crude oil prices started and insiders stated playing.
On one bad day, my portfolio even went up to 30% of loss which I couldn't digest. The mistake I used to do is buy the stocks impulsively. There was a time, where within a week without even doing any analysis I had purchased few stocks for several thousands which would never reach the actual purchased price if I hold them for next 1 year also. One important lesson I learnt is, we should never be impulsive in stock market. Otherwise will definitely end up in burning our fingers which can't be healed at all.
And one more thing I learnt and still learning is never ever go by what so called stock analysts say. I even wonder, did they ever suggested a stock which had really gone up in the price. Same people change their voice every day without even giving any logical explanations for whatever they suggested previously.
My portfolio is in loss now but am sure I will make money here. More than money, this keeps me occupied and I got to know about lot of companies which I wouldn't even heard otherwise.
My advise to all youngsters like me is, instead of social networking sites hang on to stock market, invest strategically and am sure you can make good amount of money. I am not saying everyone will become rich like Warrent Buffet but spending time here is worth it. You will get to know whats happening in Indian economy, global economy. How each and every small political incident can bring down the market... and of course you can make money if you have patience.
Cheers,
Ravi
PS: This is my first post. Definitely there will be lot of mistakes, so suggestions are welcome... Am open to change and new ideas :)
