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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Newbie Over Here

Newbie Over Here

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1Newbie Over Here Empty Newbie Over Here Mon Sep 12, 2011 8:06 pm

shyamfdo

shyamfdo
Stock Analytic
Stock Analytic
Hi all,

Hi to all experties, Pro's and other newbies like me. I am totally new to market and to this site and learning fundamental and technical stuffs simultaniously when ever i free.

But i have a long way to go while experiencing the beauty of market with joy and tears...

So i hope all your experience in many ways with impartial guidance.

Regards,

Shyam

2Newbie Over Here Empty Re: Newbie Over Here Mon Sep 12, 2011 8:28 pm

2011_NewComer

2011_NewComer
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Welcome Shyam Smile

3Newbie Over Here Empty Re: Newbie Over Here Mon Sep 12, 2011 8:42 pm

pathum


Equity Analytic
Equity Analytic
Welcome to SLE bro! Pls feel free to share your thoughts, ask for clarifications and I am sure they will get refined with the experts gathered in here, in no time!
Happy Trading!

4Newbie Over Here Empty Re: Newbie Over Here Mon Sep 12, 2011 9:21 pm

zen

zen
Manager - Equity Analytics
Manager - Equity Analytics
Welcome brother. I started just last month and this is my fourth week.
I did about 30 transactions and the only positive thing I can say is that I managed to maintain my initial capital throughout this period. I tried many things, succeeded and failed many times.
Following is my first post. The essence of it is entirely similar to yours so you would find a lot of useful info there.

[url=forum.srilankaequity.com/t7910-i-m-starting-in-cse-tomorrow]forum.srilankaequity.com/t7910-i-m-starting-in-cse-tomorrow[/url]

5Newbie Over Here Empty Re: Newbie Over Here Mon Sep 12, 2011 9:56 pm

windi5

windi5
Moderator
Moderator
@zen wrote:Welcome brother. I started just last month and this is my fourth week.
I did about 30 transactions and the only positive thing I can say is that I managed to maintain my initial capital throughout this period. I tried many things, succeeded and failed many times.
Following is my first post. The essence of it is entirely similar to yours so you would find a lot of useful info there.

[url=forum.srilankaequity.com/t7910-i-m-starting-in-cse-tomorrow]forum.srilankaequity.com/t7910-i-m-starting-in-cse-tomorrow[/url]

30 transaction per month mean more than one per day. So share your experiences and tell us what you learned during first few weeks of your tradings.

6Newbie Over Here Empty Re: Newbie Over Here Mon Sep 12, 2011 10:35 pm

zen

zen
Manager - Equity Analytics
Manager - Equity Analytics
First of all I must explain my situation. I'm still a student but when I actually do a job I am planning to save about 30,000 every month and invest it. These two months I have a campus vacation so I wanted to learn a way to safely invest in share market without loosing most of my hard earned money. (that's what happen to many professionals who go and invest in the share market without really knowing what they are doing. I have seen this happening to many of my parents and their friends)
With 20,000 from my parents I started out and tried various things.
First I tried diversifying. I made profits but most of it went brokarage and taxes. I also learned in this phase that if a share is daily traded, it's price go up sooner or later. If you wait a little bit, you can make a short term small profit from almost any share, provided your entry point was good. I also observed that support and resistance levels last in our market for only about three ups and downs and then it gets broken.

Then I tried to move my whole capital so that I can make some substantial profit. That worked. Ofcourse you make losses as well but overall it would be a positive result so it's ok. But I soon realised that you have to allocate a lot of time for this and I wont be able to do it when I'll be doing a job.

Therefore I gave up moving my whole capital in short terms and settled down for mid and long term investments. This is my first week in that and I'm yet to see the results. However I chose RWSL as a solid long term investment and Renuka holdings @62, Grain @ 114 and Hemas @41 as mid term investments (few months). I'm not entirely sure about my mid term choices but I don't think they'll be losses.

One thing more. The technical analysis skills I got from short term trading is very helpful to decide when to buy a share. Most of the long term investors lack technical analysis skills so they buy at wrong time and make losses even with good shares. (To give an extreme example, father of my friend bought blue @60 a long time ago and he's still holding it). I told him to sell it now and invesr the money in something else but he thinks it's a too much loss. He doesn't understand that he's already incurred the loss and is just refusing to look at it.
Oh and one more thing. The theory of unrealized loss shouldn't be considered too seriously, like my friends' father. If you are sure that you made a wrong decision, accept the fact that you made a mistake and sell it. Don't act arrogantly and hold it for a long time because there is a time value for the money, which in the stock market is huge.

Sorry for the long post but I just wrote everything that came into my head.

7Newbie Over Here Empty Re: Newbie Over Here Mon Sep 12, 2011 11:01 pm

shyamfdo

shyamfdo
Stock Analytic
Stock Analytic
Thank you all for valuable shares. Feel free to add more and more.
I am sure this will benifits all retailers/newbies.

8Newbie Over Here Empty Re: Newbie Over Here Mon Sep 12, 2011 11:11 pm

windi5

windi5
Moderator
Moderator
@zen wrote:First of all I must explain my situation. I'm still a student but when I actually do a job I am planning to save about 30,000 every month and invest it. These two months I have a campus vacation so I wanted to learn a way to safely invest in share market without loosing most of my hard earned money. (that's what happen to many professionals who go and invest in the share market without really knowing what they are doing. I have seen this happening to many of my parents and their friends)
With 20,000 from my parents I started out and tried various things.
First I tried diversifying. I made profits but most of it went brokarage and taxes. I also learned in this phase that if a share is daily traded, it's price go up sooner or later. If you wait a little bit, you can make a short term small profit from almost any share, provided your entry point was good. I also observed that support and resistance levels last in our market for only about three ups and downs and then it gets broken.

Then I tried to move my whole capital so that I can make some substantial profit. That worked. Ofcourse you make losses as well but overall it would be a positive result so it's ok. But I soon realised that you have to allocate a lot of time for this and I wont be able to do it when I'll be doing a job.

Therefore I gave up moving my whole capital in short terms and settled down for mid and long term investments. This is my first week in that and I'm yet to see the results. However I chose RWSL as a solid long term investment and Renuka holdings @62, Grain @ 114 and Hemas @41 as mid term investments (few months). I'm not entirely sure about my mid term choices but I don't think they'll be losses.

One thing more. The technical analysis skills I got from short term trading is very helpful to decide when to buy a share. Most of the long term investors lack technical analysis skills so they buy at wrong time and make losses even with good shares. (To give an extreme example, father of my friend bought blue @60 a long time ago and he's still holding it). I told him to sell it now and invesr the money in something else but he thinks it's a too much loss. He doesn't understand that he's already incurred the loss and is just refusing to look at it.
Oh and one more thing. The theory of unrealized loss shouldn't be considered too seriously, like my friends' father. If you are sure that you made a wrong decision, accept the fact that you made a mistake and sell it. Don't act arrogantly and hold it for a long time because there is a time value for the money, which in the stock market is huge.

Sorry for the long post but I just wrote everything that came into my head.

Well done brother. Experience is the mother of invention.Thanks for sharing your experiences with other members.Good luck!

9Newbie Over Here Empty Re: Newbie Over Here Tue Sep 13, 2011 1:06 pm

cse.profit

cse.profit
Senior Equity Analytic
Senior Equity Analytic
@zen- WOW an excellent learning curve..You have absorbed alot for a 1 month peroid.....If you keep going the momentum you can be a so called expert very easily....all the best putha.............I gave a rep to you for sharing your learnings.

10Newbie Over Here Empty Re: Newbie Over Here Thu Sep 15, 2011 7:31 pm

pirate

pirate
Senior Equity Analytic
Senior Equity Analytic
I should tell u friend to me it took one year to learn what you learned in a month.Still learning. Me too find difficulties with finding a time with my academic studies. Yet i love the complexity of this.

Appriciate ur effort mate.way to go.
And all the best for your future investments. Hope to see many posts from you.
+1 rep

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