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..
