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Hello Respected Dipa madam, I am new to technical analysis. You mentioned about buying a charting software for tech analysis. can u name them, & tell me which software is really helpful & cost effective? waiting for your kind reply, regards
deepa u are absoutely right technical analysit are person like us. so we should do work hard to gain money.
veena just go with ur mind........... its all that wht u want, is in ur mind.... all the best
VEENA IN THAT CASE, I SUGGEST TO TRADE WITH VIRTUAL MONEY WITH MONEYCONTROL.COM AND DO LEARN TO READ CHARTS. FROM YOUR LANGUAGE I COULD GUESS YOU ARE AN INTELLIGENT PERSON. IF YOU WANT TO LEARN BUY A CHARTING SOFTWARE AND STUDY THAT WITH PAPER/VIRTUAL TRADING. A DAY WILL COME YOU WILL HAVE ENOUGH CONFIDENCE TO ENTER AND EXIT IN ANY SCRIP YOU LIKE. ONE THING I WOULD LIKE TO SAY IN THIS MKT ITS EASIER TO ENTER A TRADE AND VERY VERY DIFFCULT TO EXIT. EVEN IF YOU FOLLOW CALLS BY PROFESSIONAL ANALYST, YOU MAY FIND THE CALL YOU DID WAS A LOSS AND ALL OTHERS WERE GOOD. SO BE AN ANALYST IN YOUR OWN WAY. BEST OF LUCK DEEPA
Dear Veena< If you are thinking of day trading seriously my advice is "Don't wander for tips here and there because u may be a victim of exaggerated suggestions. Some tip providers always use superlative degrees such as SURE SHOT, MUST BUY, TOMORROWS BET etc. and one will be tempted to follow this calls. If U prefer to depend on tips go through as much tips as u can and find out a reliable tip provider. All that glitters are not gold.
Hi Dipa, For now I am just following the tips and watching their rates supposedly buying 100 shares of each and than working out the loss and profit intraday.
HI VEENA JUST TELL ME HOW DO YOU TRADE I MEAN ON PAPER ? HOW DO YOU KNOW THE PRICE OF THE SCRIP YOU BUY WILL GO UP AND VICE VERSA. PRICE OF A SCRIP MAY EVEN GO DOWN IN A BULLISH MARKET. SO WHAT ARE THE BASICS YOU FOLLOW AND CAN I KNOW WHAT KNOWLEDGE YOU GAINED IN PAPER TRADES ?? SO THE DAY YOU PUT IN REAL MONEY AND IF YOU LOSE, CAN YOU VENTURE FOR THE SECOND TRADE ?? INTRADAY TRADING IS EASIER SAID THAN DONE. I AM NEITHER ENCCOURAGING NOR DISCOURAGING JUST CURIOUS TO KNOW ABT YOUR LEARNING PROCESS. THANKS DEEPA
Nice to see U gaining knowledge though paper trading. While doing so, findout the reason for both success and failures. Give value to paper trading and it will gain U more knowledge. U r on the right track, as Ur telling that u have to learn a lot before online trading. Best of luck.
Mr.Jos,I think I am learning bit by bit,maybe one day even a newcomer like me make profit.Thanks
I THINK, U FOLLOWED TIPS FROM IMMATURE ANALYST. THEY WILL CURSE UR IGNORANCE RATHER THAN THEIR MISTAKE. SEE A SAMPLE:- ARGUEMENT FOR A FAILED TIP GOES LIKE THIS: when 1st tgt met keep sl at your price,2nt tgt met keep sl at 1st tgt & so on........ Always follow levels to buy & sell & sls which are given,,,,,,,, If u cant do thisno one can give u profit...so always learn to accept your mistake...... SO DON'T WORRY URS IS NOT AN EXCEPTIONAL CASE. NILANJAN'S VIEW IS CORRECT.
But Vikasji I am holding many stocks which are below my purchase price.RNRL is the biggest lot.If I do not see the level I bought it for than I will have to book losses.Well I think that is Stock market for you.
good that u all are coming in this sector with so interest, hpoefully within a yearframe many of your doubts will get cleared and you will start making your own assesments.
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