Market Investment Tips! #Part 2
I hope that you might have gone through #Part 1 and if not please first go check it out ( https://umangthakkar005.medium.com/market-investments-tips-part-1-55c9756392ed ) and then continue from here to the next part as here I will be continuing with further tips.
Grab a pen and paper, be ready to learn some insights and excited to get exposed to some insights for investment in markets.
3. Invest with goals in mind: I always believe that if I am investing then I must have a clear idea of why I am doing this investment and what’s my expectations from these investments.
I personally prefer this way for investing because if you are not entering with a goal in mind then your mind will fluctuate more and the decision you make may lead to a very dangerous risk, finally ending up losing out on what you even had. Investment without goals and aim is mainly a gamble in which results are on luck and not fundamentals.
My mistake: In the initial days of my investment I didn’t follow this Tip or you can say this way of investing. I always did investment with making some bucks out of it, never thought where I will use it or for what I will use and also never thought of time frame. So I was missing the most important parameters which should be kept in mind thus soon in a small market fall I lost almost Rs. 10,000 mainly in 2 stocks ( MRF, Titan ).
In the above time frame buying 30 shares at Rs. 990 and then selling at almost Rs. 780 I made a loss of Rs. 6,300 in it.
In the above time frame buying 1 share at Rs. 80,000 and then selling at almost Rs. 76,300 I made a loss of Rs. 3,700 in it.
So making a total loss of Rs. 10,000 (6,300 + 3,700)😥
My learning: Always having a goal in mind is very much important when we are investing so I applied the same tip and recovered my entire loss within a few times setting my aim/goal as “the recovery of loss”. Also, I used the same tip and bought my 1st wireless headphones from the profits in the share market where my goal was “to buy headphones within 1–2 months”.
So you might be thinking about how I recovered from such a loss and what’s the way which I used to do it. Don’t worry I will be revealing it now so be Excited to go through it.😎
As the market was volatile I used something which I avoid doing due to the risks and dangers involved in this kind of investment and that is “Intraday Trading”.
Intraday trading, also called day trading, is the buying and selling of stocks and other financial instruments within the same day. In other words, intraday trading means all positions are squared-off before the market closes and there is no change in ownership of shares as a result of the trades.
So I had targeted Hindustan Unilever Ltd (HUL) for my intraday trading, and in a few sessions, I managed to cover almost all the loss with a daily profit of almost Rs. 800 to Rs. 1,300 on investment of Rs. 10,000 to Rs. 12,000.
Above you can see that even in a very low volatile market today 7th December HUL provided has a very good opportunity to make some money out of it in but a point to be noted here is that intraday trading isn’t for someone who is at a beginner level and one who is unaware of the way it works also its carries a very greater risk of losing out so “Don’t Be Greedy”.
Stay tuned and stay connected to get more insights and tips like this in the upcoming parts of “Market Investment Tips”. Also, feel free to connect with me on Linkedin: https://www.linkedin.com/in/umang-thakkar-90a4a5164/ and Email: umangthakkar005@gmail.com
Note: The shares which I have talked about in this article are as per the Indian Market.
