I do something different from you
I listen to all the PURE NEWS ITEMS
Pure news means all the real data about markets
But I do not listen to their views like why the markets went up or down and will tell you why
A couple of years back , ET used to say
" Markets went up because Indian economy is slated to improve "
The very next day they would say
" Markets went down because the Indian economy is likely to become weak "
When this got repeated 2-3 times , I said good bye to other people`s views
Incidently , once I got introduced to a stock market reporter of one vernacular daily. He used to report stock market news and HIS EXPERT VIEWS
After some discussions , I realized that he knew neither head nor tail about investing in markets
And all of us attach so much importance to what we are told not to do or do by some unknown calibre guy or gal
Time to THINK and RETHINK about our behaviour
Cheers
--- In sharetrading@
>
> just still my thought. there is saying that keep business channel on with voice on mute mode. i trade from 2006 and experience 1 medium and one major crash. look everywhere for profitable trading idea. surf every site for so called trading idea. hear all analyst and try many strategies to earn fortune. track mutual fund holdings, fii activity and many more that can't even remember today. and no need to say, lost more then i can afford. then i apply my strategy. stopped to see cnbc, read tips on news paper and net, rejected calls providing jackpot tips. get familiar with basic technical analysis and some fundamental terms. start to see charts and applying my gained knowledge derived from reference books. and now when i look back, feel silly and frustrated for wasting my time and money for nothing. today, I'm confident to progress slowly but steadily with each day. i believe that all the events-bad or good- discounted on chart. just follow charts, and u
> will never regret. read and study and apply. find loophole, correct it. and so on. there is no alternative to effort. more effort, more gain. and it make sense to learn to make own bread and feed for life then get ready to eat bread that feeds for a day. feel strongly that there is all sources available for juniors to become seniors if junior ones have desire to. and groups like our ones is one of them. thanks for providing platform.
>
>
> ____________
> From: sharetrading.
> To: sharetrading@
> Sent: Wed, 25 November, 2009 3:59:32 PM
> Subject: [sharetrading] Do things that you are told not to do !
>
>
> Over the years, I have realized that the best way to create wealth and invest smartly is to not listen to what people around you are saying. It goes all the way back to even before I started investing. I was told not to invest in the stock markets because it is gambling and almost everybody loses money. It is gambling only for those who invest without knowledge, guidance and based on hot tips and such people do end up losing money. For me it has been one of the best blessings in life.
>
> When I started investing, I was told by brokers and other players to indulge in day trading and futures and options trading. I did try it and ended up losing money. Thankfully, I could afford the losses I made. It taught me a lesson never to listen and follow random people. Following DhirubhaiAmbani, SunilMittal or LaxmiMittal make sense â€" but following your orthodontist when it comes to investing or business is a bit silly.
>
> Later, when I started picking up value based assets a lot of people, including relatives ridiculed me. I remember long back I picked up Bank of India and how an uncle of mine made fun of me and told me I was too young to understand anything. He told me Bank of India would not be able to survive when big International banks came in India. He was working with an international bank which recently went bankrupt. Bank of India went up all the way from Rs. 10 to Rs. 410. An investment of Rs. 10 lakhs would be worth Rs. 4.10 crores. My uncle instead had spent that Rs. 10 lakhs in buying some Japanese car. I luckily have always believed that we Indians can do anything we want to and we have the power to form the world's best companies
>
> At the peak of the recent stock market crash, I bought while some of the largest Mutual Fund Managers and TV analysts were selling and talking about doom. We all know what happened. It was the same story with Gold. Of course gold has rewarded investors more in dollar terms than rupee terms, but the main spurt in gold is yet to come. Everybody will be surprised by it. RBI has done the right thing by picking it up â€" they will earn in excess of 200% on their investment in the coming two years.
>
> Throughout life, I have realized that whenever I asked someone for advice they usually told me not to do it. It is too risky. Steel, cement, autos, power all were sectors which I invested in even though people told me not to invest in them. I have realized that the best way to invest most of the times is when everybody else discourages you from investing.
>
> This means that most others have still not realized the potential and the opportunity available. How many people were buying companies like LIC Housing Finance or Jindal Steel and Power barely ten months ago? Today Jindal Steel and Power has rewarded investors over 700% while LIC Housing Finance has rewarded investors over 370%.
>
> Now does it make sense to run behind power IPOs today or run after Jindal Steel and Power at these levels? I would go after new investments which have been ignored by the masses, because once again there is a possibility of extra ordinary returns.
>
> Today a stock like Infosys can not make you several crores, if you were to invest only a couple of lakhs. Two decades ago it would have.
>
> Yesterday I was looking at the balance sheet of a company that can easily reward investors 500%-600% in the coming 2-3 years simply based on fundamentals. Still almost no Mutual Fund, Hedge Fund or Private Investors have noticed it. In fact most of them have discarded it, because they find it more exciting to run behind what is considered `hot'.
>
> Anyone who is investing below Rs. 15 â€" 20 crore can easily benefit from such opportunities. I do understand that for a Mutual Fund having Rs. 20,000 crore it becomes extremely hard to give the type of returns I am talking about.
>
> If the entire company is worth only Rs. 200 crore, how on earth will they invest anything that makes a sizeable difference?
>
> At this moment stay away from the Sensex â€" only look at hidden gems. There still are a few. Life always gives us opportunities; it is up to us to make the most of them. Over the years I have seen the financial state of people change simply because they made the right investment decisions.
>
> Financial Technologies, Pantaloons, Bharti (Airtel), Sesa Goa and so many others are all examples of companies that have created immense wealth for investors at one point or the other. Some of them have multiplied investor wealth by over 50 times. If we go back in time, I can guarantee you that people who bought them right in the beginning must surely would have been discouraged and de-motivated by everybody around them.
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> The next time someone de-motivates you about doing something and tells you not to do something. Think once again. It might just be the thing that will change your life forever!
>
> Outsourced for the motivation and benefit of all
> Sharerading Moderator
>
>
>
Happy Trading,
United we grow!!!
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