sambhai

WEEKEND EDITION:------Understand the nature of the stock.

NSE:RELCAPITAL   RELIANCE CAPITAL INR10(DEMAT)
110 10 6
Sunday is a fun day. Just thought to write on something where most of us would connect. I would like to suggest something for the new entrance in the stock market. It’s my humble attempt to share my experience whatever little I have as a trader, investor.

1. When you plan to start trading, first choose 10 stocks which you feel are good. I preferably suggest to select stock which has future n options. It would be good keeping long term goal in mind. Now the question arises how to differentiate stock for trading. See the business where the scope of innovation is higher.

2. Just watch those stocks diligently on daily basis .Analyze their high, low and close every day. Right it down in your diary or collect data online. Compare it with index as to how a particular stock behave when market gaps up, gaps down or consolidate.

3. Gradually you will discover that you know this stock from ages & its trend is your good friend. You will know when it is happy, sad or sober. Now go with the flow. Out of ten, seven times stock would act the same way as you may have anticipated.

4. Now just see your trading diary (I assume you maintain it), you will see profits coming and are more frequent. Losses would still come but minimal. You like the green color of booked profit section.

5. Just to give an example, Before 2008 crash, reliance             capital used to trade around 2000 odd levels & most of the time it would do nothing whole day till 2.55 P.M., and between 2.55 P.M. to 3.30 P.M it would up or down by at least 3% .

So, wanted to bring home these points. May be someone gets benefited.

About the chart posted:-------- Here i am posting monthly chart of reliance             capital. See how beautiful was the up move from November 2006 to December 2007.People earned when it was going up, and earned when coming down.(ironically most people lost their money who were not aware about the NATURE of the stock).

P.S. ------- This is not any recommendation to buy or sell. It is for educational purpose only. Money market is risky. Talk to your financial adviser before any investment decision.



Wish you all a very happy and profitable trading. Thanks !!!!

https://s3.tradingview.com/9/916jOqkU_171_121.png
Reply
https://s3.tradingview.com/9/916jOqkU_171_121.png
Reply
vesy useful & informative sir, please keep posting such stragety..
THANK YOU..
Reply
sambhai asif06542
@asif06542,Thank you!! will do it for sure.....
+1 Reply
@sambhai, your reliance capital is so strong and bullish
Reply
sambhai rupambose32
@rupambose32,MAY BE, IS IT YOUR VIEW.? I HAVE NOT SAID ANY WHERE IT IS TO BE BULLISH OR BEARISH.
Reply
@sambhai, YES
Reply
sambhai rupambose32
@rupambose32, Ohh ok....
Reply
Very useful article.
Reply
sambhai vanathi
@vanathi, Thank you...
Reply
India
United States
United Kingdom
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out