Thread on My personal Experience and Learning from stock Market
8 Initial Stage mistakes which you must avoid stickstickyly
1. Buying Penny Share
Never buy penny share, usually newbie investor always tend to buy penny share in hope of it will go higher & we will earn enormous profit from that Rs. 10 to 50/100 & it's can be multi-bagger but it will never happen
always check the full chart of stock,
in most of the cases, u will find long long high 2 or 3 years or more than 5 years ago, there is very less chance of gain from penny stock, & in a penny stock, there is most of the circuit so if u once trapped by the operator then u can't get out of this except blown up account
don't fall in the highest gainer of penny share and all those things
Check the history of penny share: probabilities of success is far lesser than reward
2. I N T R A D A Y T R A D I N G
strictly avoid intraday because intraday always looks enticing but avoid it, if anyone does it profitable then he put lot's of hard work and invest time for learning technique and new investor always wants to try without wasting
time and money so he can grab quick bucks but always happen contrary, most of the time you bought and the stock started the decline and you waited for buying price and it's never come, losses heavily and when you exit, the stock started upward journey
it happens with all, so it's wise to not do intraday and strictly avoid if you have a full-time job
It's require lot's of patience for Intraday Trading you most of dosen't have patience
3. Futures and Options
Futures and options are hot favorites in India and everyone wants to earn quick money from it, but without learning never do it, Fno is the fastest way to lose your money in stock market,
you never be able to know how you ruined yourself by Fno and then only one thing left is repent, so never try Fno too
4. Leverage
If you can’t control your risk in trading and you are doing trading or investing with leverage: you doing Ax the foot, if anything goes wrong in the market and your life will destroy completely, life becomes a slave
5. Telegram/Whatsapp group for tips
Tried it, it works on 1st or 2nd then will not work, if you want to peaceful sleep and life then left from all Telegram tips group or WhatsApp tips group
6. Newschannel and trading
The same applied in NewsChannel watching and trading, you never success from watching business NewsChannel and following trading tips from that, it will be your biggest mistake, you will earn 10 but when you lose it will be 50 or 100
7. Result day trading
on result day in stock, volatility is more than in usual days so it’s better to avoid trading on result day, most of the times result are best but stock decline and vice a versa, you never catch that psychology thing on result day
8. Festival Day share for investment
Many business Chanel advice and giving long term investing tips on every festival like 5 Stock on Ganesh Chaturthi, etc. Never invest in rosy storyteller stock, always due diligence at your end, and then invest
Disclaimer: This is all my personal experience and tried all but failed so sharing with u so u understand it better & not done mistake like I done in the initial stage,
Investing and trading both are good and I am not against trading but don’t do forceful trading or investing,
"Mark's book has to be on every investor's bookshelf. It is about the most comprehensive work I have ever read on investing in growth stocks." -- DAVID RYAN, three-time U.S. Investing Champion
Economies, companies and markets operate in accordance with patterns which are influenced by naturally occurring events combined with human psychology and behaviour.