Thursday, October 20, 2005

First footsteps in Stock Market......(updated)



Events Yesterday.....
- Stock Market down by over 100 points. Goes below 8000 mark for first time after 9th Sept'05
- A certain Mr. Gaurav Gupta (happens to be myself) sees it as an opportunity to invest
- So the first ever dealing on my ICICI Direct account happens.
- Buy the stock. AHH a decent size of amount from my salary account gets transferred to trading acconut and gets invested.
- The stock is on a rise defying the falling market.

Events today.....
- Markets open strong, over 100 points high than yesterday.
- Keeps going high, coincidentally my stock also reaches day high (and i just keep holding it)
- Market starts fluctuating, same behavior depicted in my stock
- Market goes down again and again and again (by around 116 points) and my stock also goes down.......
- Market starts recovery, but is still below yesterday's mark, my stock is still
fluctuating, but I know it will be back.....

Feel like purchasing more....but don't want to invest more money atleast for now.....trying on reinvesting the already invested money over and over again.

Wishing it a speedy recovery and hoping my stock comes back to normal and goes on a speedy rise.......

This article gives hope.

Update: Booked my first loss in one of the two investments made and moved on to third stock after selling first. Hoping to get the right mix asap...

2 comments:

Gaurav said...

Karna padta hai.....u start once and its so addictive....but its interesting and fun....

Nidhi Rastogi said...

yaar ye..stock market ke funde mein kabhi life mein samajh paungi..dont' think soo..n really amazed hw d u do that??