Everybody generally thinks stock market is a
place where people come to make quick money over the night.
If not we will invest now and in
couple of days or weeks or in months it will make many fold and we will make
quick profit by not doing anything :D ……. Just from the tips
which we get from CNBC or from Times Now or from Bloomberg TV channel etc. …..
Is not it?
We generally see few people are
making money around us by investing in share market … They may
be our friends, collogues or relatives or acquaintances … When those guys make
profit (though not sure if they are true to themselves) hey tell their fascinating
stories, then we think why not we!!!
Then first thing we do is to
open a trading account and busy share with recommendations… that we get from
our near and dear or from print media or digital media or from TV channels…
Who is this guy???
The answer is none other than me …… :) :) :)
In late 2007 I started my job
career when I started buying shares with just from recommendations….
Initially I was inspired by one
of my close friend and then it became my passion to buy and sell shares and
getting profits or losses… though at later stage I found my gross was a
loss!!!!
With speculation once I bought Satyam
IT share which was a hot stock then…. It is the story of 2008..
I accumulated this stock
somewhere in 2008 before the month of December 2008 with a price more than
200/-
Then I bought some in 17th
December 2008 after Maytas deal fiasco,
On 23rd December 2008 World Bank blacklisted Satyam . Hence share
price dropped to 140/-
Again I accumulated few.
After that for few more days
Satyam were in news and the share price went up and down many times in between
like an ICU patient.
However since it was December and
I invested all my money for 80C avenues , hence I have not left anything to
invest in this share. Those were the initial years of my job…
It was 6th Jan 2009
and there were rumors again in market about buying offer from Tech Mahindra and
share price of Satyam Jumped to 178.95/-.
7th
Jan 2009 – I was at office and it was 1PM afternoon. Since morning I was at a
project meeting and I came out from the meeting at 1 o clock. I opened my
outlook and found a pdf forwarded to me by a friend with some news in subject
line about satyam .
I
opened the pdf and started reading it , As I were progressing my nerves started
beating more and more …… I could not finish that ….. That pdf was the photocopy
of the acceptance of fraud by Mr. Ramalinga Raju CEO Satyam then to NSE…
Without
any delay I opened my demat account and broke down after looking the net value
of Satyam which was just a 500/- odd rupees…..
And checked
the price which was hovering between Rs 20-30 /- … I could not believe this
just kept quiet and went for lunch .During lunch my colleagues were discussing
about the scam who were not in the meeting and read and all the updates online.
Satyam
was the first investment in stock market for me and what a disaster!!!!!
You
can think what a type of shock I got at that time and what type of feeling was
going in my mind then…
Why am
I sharing my failure story with you????
It is
because you guys should not make the mistakes what I did then ….
What
are those?????????
If a
company was in news for all the bad news regarding corporate governance and
ethics then hold on , just don’t jump and busy the share because it dropped
more than 50% of this share price…
I learned
that lesson and applied that in 2014 after the great MCX scam when Financial
technology price decreased to 102/- from its high price 1000/- in Jan 2013.Wait
and watch and invest after getting some clarity from the market …
As buffet
told Risk comes from not knowing what you are doing …. The same happened to me…
I was just investing.. due my lack of knowledge in various aspects of stock
investment I was just inviting more loss in my plate.
Once
Buffet told Rule no 1 is Never lose money .Rule
No2: Never forget rule No 1
In a
different way I can say “If you are losing money in stock market, never forget
why you lose money” :D In a lighter not i am just trying to become a buffet…:D
:D :D
Really
we need to “Stop trying to predict the direction of the stock market, the
economy or elections.”as told by Buffet..
As Mr.
Bal Krishnan of CRISIL once told in a seminar Wherever you go whether it is USA
or India, broadly the law is always in favor of capital market. As a retail
investor we just need to be more careful.
And
share market is not a Cashion or gamble … its pure mix of accounting and human
psychology…
We
should not be speculative rather assertive and studious if we are in the stock
market….
The
above one is my opinion…
“Anything
can happen in stock markets and you ought to conduct your affairs so that if
the most extraordinary events happen, that you’re still around to play the next
day. “
So
guys what do you say????
keep writing like this to educate people in Share Market...:)
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