Rajitha wrote: malanp wrote:
There are only two options, red or green.. up or down.
if somebody says market will be down, he is not an exceptional forcaster, just one among 50%.
When it becomes 50% * 50% *50% 50% that becomes 6.5% chance of becoming wrong and on the other side of the spectrum for some it is 6.25% chance of being right.
I'm 2 fed up here to post all the time from past these ppl have posted saying ppl to hold on and keep buying financially sound shares at peak values. Go and serach and youu can find at every market down rend and you can find these so called experts saying ppl to not panic and sell but to buy shares!
Well ppl should buy on dips.. where else they should buy? Every time the market go down all the fundas also go down and if you have the capacity u should collect slowly.. Ppl dont keep cash in hand, they have to borrow/withdraw from banks, wait till the salary is received to buy their favorite counters..
Then u should buy when u have money..
When u buy a fundamentally good counter, due to dull market conditions, it can further lose ground and say the counter you buy a week back is 10 rupees low today.. So is it the end of the world?
But what's wrong in buying for long term merits in mind?
Many ppl dont have time to monitor the market everyday.. Some cannot login to their accounts even in office environment. So for those ppl a med-long term portfolio with shares bought at a certain dip may still valid to hold.
Some ppl I know still have KGAL shares bought at 140, NAMU @ 60s, LWL @ 100 or so holding with the belief that these companies would do shine in future..
I hope one day u realize that when you point fingers at 4 ppl time to time, 3 fingers pointed back at you 4 times...
Which means if u try to prove one person is wrong, 3 ppl will try to prove u wrong..
But then again many of us dont have the time to dig in to graves.. Its a waste of time and energy.. Also its a waste of time of the forum readers too
If one person particularly trying to promote some shares they bought high with 1000 inspirational talks, I believe we should do that for the benefit of others but other than that I dont find a reason why or how we would benefit from any personal grudges or mud campaigns..
Rajitha wrote: What people should really get fed up with promoters promoting shares at peak when they can buy the same share more than 50% less if they buy at the right time In this forum long term is all the experts speak a they buy at peak always and for them buying at Rs1000 and selling at rs 1100 after 10 years is a great strategy
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For them person buying that same stock at Rs 500 and selling at rs 800 in 2 month time are traders with no value
Yesterday market went down more than 1%, so capitalizing on that u could even sell when it topped .5% today.. But that's a trade...
And some ppl prefer to hold on to their shares 2-3 years.. If they know the values of the company and how rosy the future could be they dont buy shares @ 500 and sell at 800.. Cuz when u sell at 800, it might not even come there again then ur buying at a higher value..
Also markets go on psychological cycles.. So there is a chance in next cycle for everyone..
If a person is successful doing day-trading, they should continue it.. If a person is successful in med-long term holding, they should continue it.. One wise thing in long term holds is that a person checks his/her profile once is a while to see whether there are selling opportunities in between.. i.e. Just like the millionaire made by BFL stories we hear.. Though the story was a bit fabricated, there's something to learn from it..
Buy and sell at correct times and buy back on pull backs..