Hello All

Hi friends ,

I am Anurag .I have been trading in stocks for past one year and believe me ,the main learning is when you try hands on .Allow me to share my first Trading experience with you all ,

I bought Ashok Leyland (since it is an automobile company
,me being a mech guy ) with the well known way of tip provided on news
channels . The mistake I made was not applying any stop loss and
calculating proper risk reward ratio .I was not sure at what point I
should book Profit .The same happened .The stock went up and then way
down .Like every novice investors ,I also thought why should I book
losses ,let it recover .I left it ,it went more down .I stopped
looking at it and today still I am holding and sitting on huge pile of
loss but thanks ,it taught me the psycholgy of markets " Market is
always right "

So ,I learnt a very important lesson of trading ,to minimise losses and the concept of Risk management .Also we should be aware of the proper support and resistances in the chart of a stock so that we can calculate the probability of the stock going up and down .We should always be humble and the faster we accept and rectify our mistakes ,better it will be.

Happy Trading to All !!:

 

Welcome.

 

Trading is all about the transfer of money from the accounts of people who dont know what they are doing to the accounts of those who do

 

Welcome Anurag!!

 

Welcome Anurag!

In my opinion, choosing a stock is very important in the first place if you want to make decent gains from Capital Markets by trading.
Being aware of support/resistance is always important, but even those can prove wrong if you're riding the wrong horse. The horse will let you fall and possibly you'll get hurt.
Market is always right - this in an other sense would mean, FIIs are always right. FIIs & Operators are always right in trapping innocent retail investors like you & me and make party. They dominate the market, be it the benchmark indices or even the broader market. So try to choose the horse correctly which you're going to ride.

 

Yes,its the institutions deciding the direction of Market and we should learn to follow them .Basically when an FII sells huge chunks of share the supply increases and price is destined to fall unless the management interferes ,so all we need to do is to identify such points and put our trade with appropriate stoploss