drali 6 Report post Posted February 27, 2008 Once upon a time in a village, a man appeared and announced to the villagers that he would buy monkeys for Rs10. The villagers seeing that there were many monkeys around, went out to the forest and started catching them. The man bought thousands at Rs10 and as supply started to diminish, the villagers stopped their effort. He further announced that he would now buy at Rs20. This renewed the efforts of the villagers and they started catching monkeys again. Soon the supply diminished even further and people started going back to their farms. The offer rate increased to Rs25 and the supply of monkeys became so little that it was an effort to even see a monkey, let alone catch it! The man now announced that he would buy monkeys at Rs50! However, since he had to go to the city on some business, his assistant would now buy on behalf of him. In the absence of the man, the assistant told the villagers. Look at all these monkeys in the big cage that the man has collected. I will sell them to you at Rs35 and when the man returns from the city, you can sell it to him for Rs50." The villagers squeezed up with all their savings and bought all the monkeys. Then they never saw the man nor his assistant, only monkeys everywhere!!! All this happened in another village also.... But the difference was that here instead of monkeys there were goats.... So though the villagers got stuck up with goats, they milked up the goats throughout their lifetime and when they stopped giving milk, chopped them or sold them for being chopped...... Moral: Buy goats even though they are overpriced, but stay away from monkeys......... Share this post Link to post Share on other sites
HetalDP 947 Report post Posted February 27, 2008 Just stop trading in Future and Option Segment even the Lot size get reduce to Rs. 10000 (10 Thousand), When u Buy Elephant after having not enough money for Elephants Food also. Disaster is not far away. Stop Leverage Products FO, Margin Funding Load against Shares. Stop SMS, Daily Tips and Hanky Panky Only Buy Stock which is in Sensex, NIFTY BSE 100, all the company which fandamental Permits. Research b 4 u invest and not After. Share this post Link to post Share on other sites
prakashkadam 1 Report post Posted February 28, 2008 Just stop trading in Future and Option Segment even the Lot size get reduce to Rs. 10000 (10 Thousand), When u Buy Elephant after having not enough money for Elephants Food also. Disaster is not far away.Stop Leverage Products FO, Margin Funding Load against Shares. Stop SMS, Daily Tips and Hanky Panky Only Buy Stock which is in Sensex, NIFTY BSE 100, all the company which fandamental Permits. Research b 4 u invest and not After. great advice, are we heading towards something like traderweb.in or stockweb.in Share this post Link to post Share on other sites
vishalkumar 0 Report post Posted February 28, 2008 Moral: Buy goats even though they are overpriced, but stay away from monkeys......... Great Moral drali. Share this post Link to post Share on other sites
kshah 452 Report post Posted February 29, 2008 THough I dont deal in shares, its a good business only if it is taken as full time business and business of research. Not for followers and goats. Share this post Link to post Share on other sites
copperco2 24 Report post Posted March 6, 2008 (edited) to survive in stock market.. buy cheap and sell high.. high= double the amount at least. (may not be possible for the stocks trading with price in thousands.. sometimes) this is the principle i followed with stocks like arvind mills and sail when they were trading at prices below 20..sold them at double the price. just wish i could get my hands on bharati stock when it was trading at close to Rs.40, that was long time back. but i dont have any regrets as all the stocks have good fundamentals for the long term... always buy for the long term. even in this meltdown when sensex going down by 900 points to more than than that has become a norm, i have survived to tell the tale. I think i wil go agains the advice given by hetal, i will start in futures and options. as well with being a day trader.. icici gives an advantage tobuy today and sell tommorrow or sell even at the same day... buy only for the long term as taxes may eat up your margins.. Edited March 6, 2008 by copperco2 Share this post Link to post Share on other sites
Sadikk 301 Report post Posted March 6, 2008 Once Warren Buffet said " Stocks are like ur own children" " Do not buy more than u can understand and handle" Chhota Parivar, Sukhi Parivar. For new buyers wait for panic selling, buy if market coming down more than 7%. Buy Rumors and sell the news. Never ever follow experts advice, they advice for their own good. Understand research and analysis. Share this post Link to post Share on other sites
Sadikk 301 Report post Posted March 6, 2008 Dr Ali i am posting this on my blog. Share this post Link to post Share on other sites
