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profit booking

Discussion in 'Technical Analysis' started by moin000, Aug 22, 2020.

  1. moin000

    moin000 Member

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    hi
    i started investing in stocks from dec19 buying popular stocks of that time.Meantime learnt some ideas and bought stocks with some knowledge learnt from this forum.I invested around 9.4 lakhs and its worth near 11.4 lakhs.I have stopped for time being because of high PE of nifty and waiting for correction.A thought came about profit booking.Is it right time?If so what is the methodology.?
     
    moin000, Aug 22, 2020
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  2. rahul_majumdar

    rahul_majumdar Member

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    It all depends on YOU. If you have invested in fundamentally strong stocks with a long term view then booking profits should not come to your mind..rather look at opportunities to further consolidate your portfolio. However, if you have some fundamentally weak stocks which have run up more than they should, you can book some profits to get into better stocks.
     
    rahul_majumdar, Aug 22, 2020
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  3. moin000

    moin000 Member

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    Thanks for the prompt reply.HDFC triplets,SBI,avanti feeds, security international are in red.I will follow your advice.
     
    moin000, Aug 22, 2020
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  4. shabbir

    shabbir Administrator Staff Member

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    The first step is to know the right stocks and you can do that by reading my following articles

    https://shabbir.in/investment-checklist/
    and
    https://shabbir.in/fundamental-analysis/

    Once the stock qualifies the above checklist and analysis, I analyze the business on the following parameters

    https://shabbir.in/business-checklist/

    Moreover, here are some investing rules to follow:

    https://shabbir.in/rules-investing/

    And then the ratio I use to evaluate the stock

    https://shabbir.in/value-stock-investing/

    Finally comes the understanding of technical analysis based on price action which gives us the right price.

    To understand technical analysis to invest in the right stocks at the right price and for the right time - my book should help.
     
    shabbir, Aug 24, 2020
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