All the people who are crying about losses, go ahead and QUIT!
There is a reason why some people invest in stocks and some people invest in Fixed Deposits.
It's because stocks have HIGH RISK, but possibly HIGH RETURN. Fixed Deposits have LOW RISK and LOW RETURN.
This is a fundamental thing that everyone should realise when they are investing in the stock market.
I started my stock-market career with the purchase of LGL.N at the IPO. So far, this is my most profitable share. I have shares in another 11 companies, out of which only VONE.N is giving me even a small profit. The other 10 companies are trading at below the price which I purchased.
I keep following my portfolio online. It is frustrating at times, but the fact is, this is the best time to invest in fundamentally good stocks. All of them are down.
True, it might not move for a year, and you might end up selling it at a loss just to get back the money. However, once it goes up, then don't start crying then.
Like someone wrote earlier in this thread, with the end of the war and the recent trend of 2-3 IPOs in a month (which is now no more), there are lots of people who have become very eager to invest in the market without even doing a study of the company itself. Because of this, big-time investors are manipulating the shares and getting many people's fingers burnt.
However, we small-time investors are not idiots. We will learn our lessons and learn to make better investment decisions. It will take some time, but soon, the market WILL become mature and manipulation will reduce to a fair extent.
Another important thing is, make sure you have in mind what is the percentage return you are expecting from a share, and sell the share once you have attained that amount. It may go further up, but don't think about it too much, because there might have been a chance that it would have gone down after hitting a peak.
As an example, I bought 200 shares of VONE.N at the IPO and decided to sell 100 on the opening few days. I sold them at Rs. 32. I could have waited for it to go to, maybe, Rs. 40, but I didn't, because I had attained the percentage return that I wanted. Now, it is trading at 28-29.
I learnt this lesson after having not sold UBC.N on the opening day...within the first half-hour, it went to Rs. 45, which is a 80% gain, but I was greedy and hoping it would go further up. Now, it's going at 23-24, but I know it's a good company and know that, in a few years, it will hit Rs. 100.
Recently, one of my friends purchased 300 shares of SFS.N @ Rs. 108 during the rally a couple of weeks ago...it went upto Rs. 130, which is a 20% gain if he had sold it then. Instead, he was greedy and waited for it to go further up...finally, he sold it at about Rs. 103 or something....
However, the most important thing in investing in the stock market is, don't put your savings in the stock market...make sure the money you invest in the stock market is money which you are not worried about even if you lose it