Am I making mistakes in Investing?
Hi,
I think I am making mistakes in my stock investments. I use Groww app to invest in ETFs and stocks.
Here are mistakes i make-
- I hold stock for very less time, some times I buy and sell stocks on same day if I am not making profit, I know brokerage fees are there but I have very less patience to hold stocks
- By mistake i sometimes select intra-day trading instead of delivery, this happened with me quite a lot and I made lots of losses also due to this, this is Groww UI issue.
Can you please guide me and give me suggestions, my current portfolio -
Based on this post I assume you are still new to stock investing, i would suggest start with MFs and index first.
Donot buy on news as most of the time recent speculations are already priced in the stock price before the news comes out to public so high chances you'll make a loss of you trade post news .
If you actually want/ interested in stock picking start learning the fundamental/techincal analysis. There hundreds of videos on YT or if you prefer get a few books
Hi, should I invest in Oracle financial services for tomorrow? Pls tell me, I am hearing they had good quarterly report also today in US Oracle stock increased by 50%, their layoff news is also good for market, pls reply
Bro he literally just said don’t buy based on news 😂
Instead of selling stocks on same day whenever you are buying use GTT. It has both stop-loss and gains which will trigger automatically. Atleast In zerodha this option is there.
**3) Sometimes i believe too much on news like because of recent GST rate cut news i invested a lot in insurance companies and TVS motors , i suffered lots of loss. Not sure which news to believe. After suffering loss in insurance companies I sold it same day in afternoon
If you are not good in identifying stocks, invest in Mutual funds (which invests in stock and index), keep some portion for self investing to invest and learn for yourself.
Invest some portion in all diff mutual funds i.e. equity (Mid cap, large cap, flexi), bond, index. And choose growth fund instead of dividend. And stop checking every now and then to keep your blood pressure within range. That chart is more important.
Follow this rule when everyone buying don't buy , when everyone is panicking selling then buy (when market falls more than 150 points eg nifty 50)
Nah Market is not acting as per news, i invested in RVNL today because I expected it's price to increase significantly as they have stuck 160 crore deal, instead I lost money in it, same happened with Dr Reddy Lab and Oracle financial services. I invested in Insurance companies and TVS motors also because of GST reduction news, in these stocks also I lost money
For pt2, start using zerodha. Its simple and efficient.
Just stay out of this if you can't handle yourself. Simple
You will need 10-20 years of full time work experience to be like fund managers, you can't extract more return than fund managers, so rely on them. You better start mutual fund and etfs and for learning purpose, you can invest small amount (1k) to stocks
