Well Ace investor cum trader Rakesh Jhunjhunwala‘s investment of 21 crore in A2Z maintenance in 2006 now worth more than 500 crore. The Most beautiful place to make a fortune on earth is the stock market. Easiest and fastest way to build empire is the stock market. Well the meteoric rise from a humble Chartered Accountant to Mr. RAKESH JHUNJHUNWALA is the glaring proof of my statement.
The rules of successful trading are also simple. But most of the small investors never follow these rules.
Most of the small investors repeatedly do these common mistakes again and again. How to rectify? Well my dear investors follow this simple rule. Never buy on euphoric day and never sell on a panic day. If you cannot gobble the pressure take a trading break. The price at which a stock should be purchased depends on your conscious decision about the future of the company and the time at which to sell the share should depend on your risk appetite not the external market conditions. Never ever buy a wonderful company but always buy a company at wonderful price. Make a habit to fix profit margin and stop-loss depending upon your capital and risk bearing capacity and trade in accordance with it.
The next commonest rule for a profitable trading never ever dictate your terms to market, Market is supreme always respect it and follow it. Easiest way to swim across is to ride the wave not to oppose it unless you have enough force to turn the tide in your favor.
In-spite of all the caution if a trade goes wrong close it at your earliest realize your mistake, forget the trade and march ahead for a new opportunity. Never waste more energy on a wrong trade. Well you may say easier said than done? Well go ahead practice it practice make a person perfect.
Success and failure are part of the game accept it gracefully as success is never final and failure is never fatal. Remember my dear investors’ failure is always the first step to success.
Remember this million dollar line, my dear investors the most successful tool to make money in the stock market is Intuition and ignorance.
pls give your give about Assam co for next 5 years
ReplyDeleteBuy at CMP 8/- , will generate multiple returns in 3-4 yrs.
ReplyDelete