People intrested in Investing in Stock market?
By raghwagh
@raghwagh (1527)
India
December 11, 2006 12:52pm CST
I have created this discussion for people who are interested in investion or are investing in Stock market.I will like people to take initive and post usefull information about trading guidelines for trading in Stock Market.Also please provide some usefull tips for buysing and selling stocks in stock market.I am creating a website for providing Stock exchange data for BSE and NSE stock exchanges (For India).I have collection of data for 5 years.I want to provide some usefull information with charts on this site for free.So please give me ideas as to what shoule be shown and how.I am developing the site using PHP on free host provider.Please Help.
1 person likes this
5 responses
@anonvenu (401)
• India
16 Feb 07
I am not some punter or something, but for past 4-5 years since I have been investing on stocks I have made a lot more money than I have lost.
There are some very important things to remember when investing in stocks:
1. Read financial news daily. Gather information on the economy as a whole, like inflation, GDP growth rate, global oil prices etc everyday religiously.
2. Study the different sectors, like petroleum, construction, IT, banking etc. Find where each sector is headed, is it in growing, is it stagnating or is it receding.
3. Zero in on specific companies on a sector you consider positive. Study the fundamentals of the company. And come up with a list of companies you want to invest in.
4. Once you have zeroed in on a set of potential companies, do a judicious portfolio allocation. Base your allocation on facts rather than emotions (I love reliance, I adore Tata companies etc kind of emotional decisions should be avoided).
5. Follow the progress of the stocks invested in, regularly. Be sensitive to fluctuation and trends in your chosen stocks.
6. Be sensitive to major changes in the market in general.
7. Most important - Don't be too greedy, if you are making a decent profit book it and do it quick. Similarly don't hesitate to book losses quickly (the more time you you take to book a loss, greater the loss will be). Time is money in the stock market.
8. Keep booking profits often, don't hold on to a stock expecting it to hit the very top and also never wait till the stock hits rock bottom before getting rid of it.
Most successful stock market players limit the stocks that they invest in, to a very small number, many just invest in 2 or 3 companies only! Limit your scope of investment to a small number of stocks you know intimately.
Another important thing is to study up coming IPOs, look at the offered price, compare the IPO price with similar listed stocks and invest in attractive IPOs. Usually one gets IPO stocks at a lot lesser price than the stock is really worth (However this is not always true, take of the case of Jet Airways IPO, till date the stock is languishing at a much lower price than it was allotted in the IPO).
Another important thing is to invest in equity based mutual funds. When doing so, study the Mutual fund prospectus properly, ascertain the main interest of the fund and decide if it is worth investing in.
1 person likes this
@tanujbhargava (310)
• India
22 Jan 07
This is a nice initiative you want take for free !
A php site .. You can try .. www.domaindlx.com
I too am interested in trading in BSE and NSE ..
But that kinda business is too risky to follow ..
It may take any turn .. But more the risk .. more the gain !
Follow the trend .. Try intraday a lot !!