I am also an invester of share mkt. After reading of above article I feel reality of tv. analysts , so I appreciate your above articles very much. Thanks a lot & hope to recieve important advise in future also.
RE:Wise people make money bcoz of Fools like ....
by xyz abcs on Aug 28, 2007 10:35 PM Permalink
if i wanted everyone to think i was a know-it-all, i would have said that i was an investment banker..u see, thats a gap in logic, which looks as "stupid" as my advice
RE:Wise people make money bcoz of Fools like ....
by xyz abcs on Aug 28, 2007 10:36 PM Permalink
lol and how is it that "It is bcoz of dumbasses like this fellow that others make money in the stock market"????
firstly, i made a lot of money for myself.
secondly, if others make money in the stock market, isnt that a good piece of advice?
RE:Wise people make money bcoz of Fools like ....
by xyz abcs on Aug 28, 2007 10:33 PM Permalink
whoa dude, relax..i mentioned that i was a beginner to let people know that u dont need to be an expert to make a quick buck off the stock market..if u think that my advice is wrong, then please point out why..moreover,u dont need to be an expert to give advice..anyone can give it out of experience and ive given my advice based on my limited experience WHICH I HAVE HIGHLIGHTED. so please just keep ur emotional opinions to yourself.i dont think im stupid cuz i got a 16% return on my investment in just 2 weeks..now im not an addictive speculator and i know where my opportunities lie..i dont know if this strategy will work in the future, but well just have to see wont we?
RE:RE:Wise people make money bcoz of Fools like ....
by xyz abcs on Aug 28, 2007 11:08 PM Permalink
lol, why do u think that i think too much of myself? look at the tone in my message and ull see that theres NOTHING godly about it..i just gave my humble opinion, thats all
RE:Wise people make money bcoz of Fools like ....
by xyz abcs on Aug 28, 2007 10:39 PM Permalink
so, arbind, please enlighten me with your gyaan.i would really love to know why u think im a stupid p*ig..seriously, im not being sarcastic..its easy to pass some1 off as stupid, but you would gain some respect if u atleast showed us that u are knowledgeable enough to say something useful rather than just rant about how people are stupid
RE:RE:RE:Wise people make money bcoz of Fools like ....
by xyz abcs on Aug 28, 2007 11:07 PM Permalink
and i totally do NOT endorse speculation..i just said that i did it and gained from it..i think u have a problem with that, let me get on it
RE:RE:RE:Wise people make money bcoz of Fools like ....
by xyz abcs on Aug 28, 2007 11:02 PM Permalink
by a quick buck, i mean a short term, one off gain which happens on windfalls like corrections or significant news..its not a permanent investment and it will NEVER lead to a warren buffet..its just a small, temporary gain, thats all..i know that u need more than common sense to be as great as warren buffet, and im happy to gain as a p*ig
RE:RE:RE:RE:Wise people make money bcoz of Fools like ....
by xyz abcs on Aug 28, 2007 11:04 PM Permalink
why do u attack so fervently dude..i made it completely clear that i was just a beginner..i think u lost a lot of money in the stock market, or u underestimate the readers of this forum..u probably think that readers will take my advice too seriously and they might end up burning their hands in the stock market..is it that?
RE:Wise people make money bcoz of Fools like ....
by xyz abcs on Aug 28, 2007 11:32 PM Permalink
and now that i believe ur claim to be actually very knowledgeable (u can never be sure on the internet), id appreciate it if u could give me ur email id or someting, so that i can ask for advice once i become a proper investor..if thats ok with u
RE:RE:RE:RE:RE:Wise people make money bcoz of Fools like ....
by xyz abcs on Aug 29, 2007 12:02 AM Permalink
ANYWAY,i can take something from this discssion:
what i said was very layman-ish(obviously) speculation will suck in the long term
u might be making a lot of money off the markets, but just being polite can gain some respect..if u had just disagreed with me politely rather than use words like "dumbass","stupid" etc, it would added a lot more value to everyone..instead i ended up thinking that u were just another guy on a forum..it was only much later that i believed that u were knowledgeable about the markets..so i think thats a lesson u can take off this discussion :P..thanks though
RE:Wise people make money bcoz of Fools like ....
by xyz abcs on Aug 28, 2007 11:27 PM Permalink
thats awesome..derivatives are not for beginners, i hope to get into them some day but i still have to get into the main stock market properly..i put a rider as a reply to my comment cuz u had a point, that people might take my advice too seriously and burn their fingers..it would be great to get some advice from u in the future though, since ur actually a proper trader..i thought u were just one of those people who sits on the rediff forums and pisses people off..
RE:Wise people make money bcoz of Fools like ....
by xyz abcs on Aug 28, 2007 10:58 PM Permalink
exactly, i did not give any expert analysis..i just gave the common sense principles that i used..it worked for me now cuz of the rising markets and its easy for me to invest cuz its not my main job and i do it just to make a few extra bucks without much risk..but im planning to put in more money and hopefully i become mature enough to gain even in falling markets..i will surely update myself for that, but i think its unfair to call me stupid, cuz my advice is pure common sense, i never branded myself as an expert..and not EVERYONE in this country are pros and they could do with advice that may seem "stupid" to you and it would also let them know that stock market isnt something to be afraid of
RE:Wise people make money bcoz of Fools like ....
by xyz abcs on Aug 28, 2007 11:20 PM Permalink
similarly, i make no claims of being warren buffet ,or the shenenshah or the know it all. :P
RE:RE:RE:Wise people make money bcoz of Fools like ....
by xyz abcs on Aug 28, 2007 11:12 PM Permalink
and dude, ur attacking me for no reason..u seem to be pissed off generally..
RE:RE:RE:Wise people make money bcoz of Fools like ....
by xyz abcs on Aug 28, 2007 11:10 PM Permalink
exactly, that is why i wrote that on rediff..no1 would be stupid enough to write that on a finance forum..this is rediff, and not everyone is an investment god like u
RE:RE:Wise people make money bcoz of Fools like ....
by xyz abcs on Aug 28, 2007 11:17 PM Permalink
arbind, it turns out that my first guess wasnt as stupid after all..Jim Cramer says "buy damaged stocks, not damaged companies", and i guess i did that with tata steel..
I doubt India has matured and technically sound analysts like they are in US. Simply because the markets are not rich with content. Does the NSE or BSE have efficient tools to predict the stock move? I'm trading past 1 yr and I saw plenty of times the analysts predictions went wrong. either they are not truthful or the market speculates differently.
i have just entered the stock market and i have a few tips that could be of some help:
1. buy when the market crashes: the other day, tata steel fell by some 15% over two sessions. that seemed way too much for a bluechip company, so i bought tata steel the very next day and saw an appreciation of 4%
2. look out for positive news: blackstone recently bought a 50.1% stake in gokaldas exports for 275 and it was trading at some 220, so i promptly bought gokaldas shares and saw it rise by some 8% the next day.
ive invested around 1 lac and ive already seen a growth of about 16000 Rs in the last couple of weeks. i just hope i can keep this up. i dont really listen to stock analysts, i just look for common sense.
RE:quite true
by harish on Aug 28, 2007 09:54 PM Permalink
i appreciate the advice given by xyz abcs.it is more common sense than the anaylysts advice.one should not be a impulsive trader. thanks xyz abcs. by gumshuda
RE:quite true
by xyz abcs on Aug 28, 2007 11:07 PM Permalink
yeah, but speculative trading can also be harmful, so be careful..significant gains can be made only in the long term..
An easy method to make money in stock markets even for a lay man without watching CNBC or NDTV Profit. A simple and powerful method to make money.
Simply buy good quality stocks like Reliance Industries, BHEL, SBI and hold for 2 years. You can see your wealth appreciating by atleast 50%. Guaranteed retuns.
RE:no need for analysts
by AAMEC CHEMINEER on Aug 28, 2007 05:31 PM Permalink
How could you say Reliance, BHEL, SBI are quality stocks in a big market of morethan 3000 stocks?.This is called biased recommendation.
RE:no need for analysts
by slicktiger on Aug 28, 2007 09:48 PM Permalink
there is n't an bias in Krishna's recommendation. You have maximum 20 picks of all the 3000 stocks. he named few. you can always invest in others too. be my guest.
What you really need is a derivatives advisor/consultant because such a consultant can give you absolutely fair and unbiased advice. A consultant%u2019s interest is not in conflict with your interests because his income is not dependent on how many times or how much you trade, he charges a nominal fixed fee for the service he renders to you. He does not benefit from either making you trade more or trade less. His interest lies in giving you good advice so that you make profits and continue to take his service. So his interest and your interest are the same. Therefore, a consultant will have purely your interest in his heart.
You must consult with a derivatives consultant if you want to invest/trade in Options and Futures. A derivatives consultant will help you with advice in an unbiased manner because his interest is not in conflict with your interest, in fact, your interest is also his interest.
RE:Why people lose money in derivatives (contd...)
by xyz abcs on Aug 28, 2007 09:20 PM Permalink
since he does NOT benefit from advising u, why would he feel like giving u a comprehensive analysis? he would get his fixed fee irrespective of the advice he gives. very few people have OTHER'S interests in their hearts.
RE:RE:Why people lose money in derivatives (contd...)
by Munish Oberoi on Aug 28, 2007 10:09 PM Permalink
I assume u are just another xyz in the market. To correct you he would NOT continue to get his fixed fee for much long if he were to give biased advice and his clients lost money. Do you get that past your thick skull.
RE:Why people lose money in derivatives (contd...)
by Anoop R on Aug 28, 2007 08:09 PM Permalink
Did you become a guru after losing all your clothes in derivatives?
RE:Why people lose money in derivatives (contd...)
by Munish Oberoi on Aug 28, 2007 10:06 PM Permalink
Hahaha I made more money when all of you lost ur pants when the market crashed. Period.
I traded in Puts and I use some of the most advanced Options pricing tools that are there in the world. Period.
Anyway, did you know that brokers are not supposed to give you any "investment advice" by law. But they still do so. How they bypass the law? They get their "relationship managers/executives" to call you from an unrecorded phone line (mostly their mobile phones) and then give you a "tip" and then ask you to call up their trader's line (which is a recoreded line) and place the order. So even if there is any enquiry there is no proof that your broker has given you any advice and you traded on his/her advice. They are such cunning (crooks I would say).
RE:Why people lose money in derivatives (contd...)
by xyz abcs on Aug 28, 2007 09:22 PM Permalink
i dont think theres anything crooked about it..cmon, the stock broker knows the market way better than most people do..i think it would make a lot more sense to be friendly with him and take his advice
Well most of the time you lose money because your interest and your broker%u2019s interest are not the same, they are always in conflict. Your broker%u2019s interest lies in earning more and more brokerage from you and that is possible only if you trade as frequently as possible. Therefore, his interest lies in making you trade more and more often, this is known as %u201Cchurning%u201D. It doesn%u2019t matter to him whether you make profits or losses, he is happy as long as he can get his commission out of you. Whereas, your interest lies in trading less number of times, making trades only when there is the best chance of profit and holding your positions for longer time periods. Your broker CANNOT have your interest in his heart, he has his own interest in his heart, which is natural. So your broker cannot be your fair advisor. He is biased against your interests because he has to be loyal towards his own interest. So when you trade purely on the advice of your broker, specially in the derivatives market, you are bound to lose more money than you make in it.
RE:Why people lose money in derivatives
by xyz abcs on Aug 28, 2007 09:23 PM Permalink
yeah..i guess most people are greedy and want to get most money with least effort, so they their asses kicked when they enter the derivatives market without any expertise
