Could you let us know how you lost? No harm in sharing so you can become better. Did you have proper trade plan and Risk Management rules? Did you stick to one strategy or were hopping strategies, once you encountered few losses? Or was it just random trades without any reason be...
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@gsrajah9410 and please do not trust any call providers. Learn by yourself, paper trade with proper risk management and pshycology. Inly if you learn and face few losses you will better yourself, if you depend on any call/tips provider, you can never improve at all
Simple. Start investing in index fund. Step up by 5-10% annually without stopping sip. Simple and clean method to grow wealth
@thanigaivelj hello sir, I am not discouraging him, rather asking him to start investing as his runway to 60 is long. He can accumulate wealth by investing 20% in mutual funds from his salary monthly and stepping up once a year. As far as I know, no one has sustained in trading u...
You are just 16. Please avoid trading. If you want to accumulate wealth, invest 20% of your salary in any index fund. Step it up by atleast 1-2% each year and see the returns when you reach 60. Main thing is to not stop sip in mutual fund, and, please train your mind to invest th...
My advice is to not stop sip, but no issues, its not like bank emi where they will confisticate your assets if you dont pay emi for 3 months 🙂 start again, meanwhile nothing will happen to your funds, it will still keep growind. Just dont withdraw until really necessary. Sip can...
@jishnur7166 what are you saying?
Invest in a single Multicap fund instead of separate small cap, mid cap and large cap funds. You can save expense ratio from all three funds into single fund, also multicap fund has equal allocation to Large , Mid and small min 25% , so atleast 75% min risk is spread
@ayushman93116 if you are in school just start with 1000 in index fund in sip, nothing else required. Keep investing until you are 60 years and step up each year by 5% and see the corpus you will have when you reach around 50-55 years of age
You can analyse charts after market hours and you can put entry price, sl and tgt based on gtt order so you dont have to be in front of system
Also, would suggest you to avoid trading in Futures / Options if you are beginner. There are many things to look into when you trade in options, like option greeks etc.. it is more complex compared to when you trade in stocks with swing trading / positional trading after determin...
Also main thing. DONT FOCUS ON HOW MUCH YOU WILL GET PER TRADE, RATHER FOCUS ON HOW MUCH YOU WILL LOSE. Only this approach along with others ai said above will turn your profitability around in long term.
@falitkrishan thank you sir, just shared whatever I know
First of all follow risk management. Stoploss should not be moved at any cost, If at any cost it hits stoploss, accept it. There is always another trade to take. This is NOT the end of the world. I use max 1-2% SL per trade. Dont move stoploss but if your trade moves in your favo...
Markets on down dont expect return eithin 3 years in mutual funds
Please go with Index Fund
If long term go for multicap or flexi cap fund
Unless there is a need, let it remain as it is. It will still grow in long term. If you redeem, you will get taxes as well depending on your holding period
Also, before starting any investment, make sure you have a health insurance, term insurance(ideally 60 times of your monthly salary for both) and then emergency fund. Clear off all debts before starting investing
Think that your salary is only your original salary -20%