Wow ! Is life a roller-coaster ride! Life’s been pretty much on the rocks for the past month or two. With substantial investments in the market and all of them loosing money, I was almost scheduling the filing of my Chapter11. The past couple of days the market has revived but not my shares; and just when it seemed that the wheel might actually come a full circle, it stopped the turn and went back spiraling down.
Today however was a different ball game. After witnessing volatile trading, the markets gathered momentum and rallied further as the Sensex surged over 100 points. The bounce back was led by heavy buying support from operators on the back of sustained and increased FII inflows. The BSE 30-share index settled at an all time high of 9284, up 114 points while the Nifty closed at 2813, marking a gain of 45 points.
I am hoping against hope that the upswing will continue so that I can actually undertake redemption of my curiosity fuelled investments.
As far as I'm concerned, if something is so complicated that you can't explain it in 10 seconds, then it's probably not worth knowing anyway. ~ Calvin
Why I got into the market in the first place is a separate story altogether. I have always (atleaset for quite a few years) have dreamt of becoming an Investment Banker (I Banker). Always felt ashamed of even admitting the same to myself even as I did not know even an ‘I’ of Investment. So with my meager paying job, I decided to skip some frills of life in order to make the ends meet with some spare moolah to pump into the market. Now the terms ‘moolah’ and ‘pump’ are crash gross overstatement/criminal exaggeration. Anyways, that was me saving my pennies every here and there and saving it diligently to make my foray into the market. Amusing as it seems now in retrospective analysis, those were the days I had just finished ‘Kane and Abel’ and the hangover of prodigy of William Kane was still to pass.
The above quoted saying of Calvin can summarize the total erudition from the Securities market.
The ‘Guru Mantras’ so to say
- Investment is ALWAYS for the long term
- NEVER try to predict the market.
These are the two basic lessons that every ‘wannabe’ investor comes across while doing his homework and he chooses to ignore much to his peril. Finally after a hell’uva cuts, bruises and tears realizes the truth in the prophecy.
I too have got my cuts, and its high time to ‘Band-Aid’ them !
So long Speculative Trading …
Yeah, come in Analytical Investment !