Just a little advice, I have been in the market for the past few years and I have seen such trembles for some time either its towards the upwards or the downwards,
Do you know few things?
For the last 15 years only 5 years that the market has appreciated? (Gone up)
For the last 15 years almost 10 years was mostly neutral or dull?
But the most important thing in the market is it’s always good to see the bull run cut short , a bull run should never go above one week, if the bull run continues more than a week it does not reflect the true value of the market,
For an example LIOC took only 20 days from aug 22nd to November 10 to be appreciated by almost 50%
Imagine if we had this run for another one month ? then LIOC would have atleast touched Rs.75/- to Rs.80/-
So since the bull run stopped at Rs.65/- it came down to Rs.55/- again and the lost is around 20%
Supposing if IOC ran upto Rs.80/- today the lost would have been around 40%
Just imagine the money that people will lose due to the credit clearing etc…..
So the same theory applies for the ASPI as well, the faster it runs the more volatile it becomes and unhealthier it becomes, so simply the unhealthy becomes our portfolio
Therefore it is always nice to see the ASPI with strong pull backs, which will remind us not to be blind, not to forget that the shares do come down and its all numbers at the end of the day, it’s a blind game that we play and no one on earth knows the lowest price of a share and the highest price
So we got be very careful when we play this blind game, our only hint to identify the trend is the ASPI, yet still it is only a hint for us and not a confirmation
So always thank god for the falling ASPI which will remind us that the shares are not going to end in this world, we should not chase for shares, should never be greedy, sell when you get a profit, (no matter though its big or small in profits) never buy on credit unless you are 100% sure, and more than anything don’t forget that the world or the CSE is not coming to an end, so therefore the prices would never go up every day and the same way the prices would never go down everyday either,
So if you are at a lost just give some time since you know from your inside that it would recover, and if you got cash just collect since you know it’s going to go up one day
All the best guys just wanted to motivate you’ll