Some tips for beginners to get started in stock marketHere are some tips for beginners to get started in the stock market and for those looking to become pro traders---------
Start with the basics: Before diving into the stock market, make sure you have a solid understanding of the fundamentals of investing, such as how the stock market works, how to read financial statements, and the different types of investment vehicles available.
Set realistic goals: Determine your investment goals and risk tolerance to create a portfolio that suits your needs. Keep in mind that investing is a long-term strategy, and it's essential to have patience and discipline.
Do your research: Conduct thorough research on the companies or sectors you plan to invest in. Look for companies with strong financials, a competitive advantage, and a clear growth strategy.
Diversify your portfolio: Diversification is key to managing risk in the stock market. Invest in a mix of stocks, bonds, and other assets to spread your risk across different sectors and industries.
Keep an eye on the market: Stay up-to-date with the latest news and trends in the stock market. Monitor your investments regularly and be prepared to make adjustments if necessary.
Learn from your mistakes: Investing involves risk, and it's normal to make mistakes. Use your losses as an opportunity to learn and refine your strategy.
Consider professional help: If you're new to investing or don't have the time or expertise to manage your portfolio, consider working with a financial advisor or a robo-advisor to help you make informed investment decisions.
Keep emotions in check: It's easy to get caught up in the emotions of the market, but it's essential to maintain a level head and stick to your investment strategy.
Have patience: Successful investing takes time and patience. Avoid chasing quick gains and focus on long-term growth.
By following these tips, beginners can start building a solid foundation for investing in the stock market, while more experienced traders can refine their strategies and continue to grow their portfolios.
Bseindia
BEGINNERS RULE :1. Before starting any new venture, we must learn the basics of that subject.
So, learn the basic ABCD of trading.
2. Beginners should avoid the Futures and Option (f&o) trading.
First, one needs to get a good grip over the cash equity segment.
3. Learn technical analysis and try to master any one strategy and stick to it.
4. Avoid dependence on anyone for too long,
"Trust your own setup always”
5. Don't be impressed so quickly and start dreaming after seeing other trader's earning or profits screenshot.
6. 'Simplicity is the best policy.' Keep your analysis simple and stick to basics.
7. Backtest your new setup for at least 3 months to find out the Return on Investment (ROI) percentage.
8. Price Action is above all. Don't complicate your study with too many indicators/tools.
We have come here to earn money, not to complete a Ph.D.
9. Avoid business/finance TV channel recommendations.
Don't follow it blindly.
10. Mistakes are fine but try to avoid committing again and again.
11. Use proper and safe trailing stop-loss.
Keep learning and earning.
Happy profit making :)
Vijaya Bank - Never Ending Journey -15 YearsHello All,
Someone who bought this share in 2003 expecting better prospects but got stuck in 15 years cycle which it is passing through at present.
It is 2018 & you have already spent big part of your effort, patience & expectation in this stock since last 15 years & you are about to give up when good times could knock at your door soon.
One has to go through trouble of hardwork, pain & patience before they can take advantage of good days, even Lord Rama had to pass 14 years in pain & sufferings before he came back to his kingdom & ruled for rest of his life.
My suggestion to investors -Don’t give up so easily as every tunnel has the end.
Why I am saying this has following points which can lead to your happy days or end of the tunnel in which you have been travelling along with Vijaya Bank since last 15 years.
Vijaya Bank is in 15 years mega irregular triangle where B-Wave which ended @115 Highs above Wave –A.
Irregular Triangles
Irregular Triangles are special structures where its second leg Wave -B can move above or below its starting leg in this case –starting leg is Wave -A which started from 76 Highs in April 2004 & was a complex wave itself divided into 3 parts- “circled wave abc” ending at Lows@20. Wave-B made new highs above 76 mark so it is known as Irregular Triangle.
Similarly, Larger Wave –B is also three part structure – “circled wave abc” & so on
We are in the final part –Larger Wave –E which is close to end or possibly may spend a year+ more before everything gets settled & possibly we may see a spurt or thrust soon from this 15 years Triangle taking to new highs above 115.
I assume when this happens you will feel blessed, best part about this stock is that we are most likely to see unwinding effect / uncoiling effect discussed in Edwards & Magee Technical Analysis Book- Important Reversal Patterns
Stock has spent 15 years of exile as compared to other counterparts - Think of Lord Rama & Enjoy.
May Lord bless all of us.