Friday, September 5, 2008

Recent Stock Market Experiences

Now, believe me, I'm not bragging at all. I had bought shares of Apollo Tyres last month for Rs. 30 a share and today, after the fall in the markets, Apollo Tyres is still selling at Rs. 37 a share. So, we are essentially talking about a profit of Rs. 7 or 23% profit within a month. I don't think that's bad. I could have easily sold my stock. But I am trying to change my investing strategy these days. For a long time in life, I have tried my hand at various trading strategies, inluding day trading, BTST (Buy today-sell tomorrow), very short term trading (with a week's margin), short term and medium term investing (selling stocks at a profit within a time frame of two to six months).

But now, I would like to try my hand at a very different investing strategy in life. There was a time in life, about ten years ago, when I used to follow this strategy. But those days, this strategy wasn't very well worked out in my mind. Now, it seems that it has been well worked out mentally. These days, I have begun investing in stocks the same way as one invests money in long term bank deposits. I am now following the classic long term investment strategy and I have this strong feeling that it is going to pay me pretty well.

1 comment:

KnowYourProfit said...

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Now as such we have seen in past few trading sessions that Market has become volatile and also there were also most of the stocks are available in discounts which means that the right time has come whne one can invest in this Indian Stock Market with handsome gain in over a period of time along with that one can also opt for doing Intrading Trading now days as stock specific movement is there.

Quieries are welcomed at:

Happy Deepwali and Happy Trading as well