Stock traders forum india
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It's Twitter for traders. Get minute-by-minute insights from fellow investors. A Sentiment Indicator shows members' bullish- or bearishness on any specific asset. My experience - have witnessed 3 boom and bust cycles - right from Harshad Mehta's days in Today This Week This Month. Munish Malhautra Veteran Member. Originally Posted by pcpune. Comment Quote Like 0. Stock advice on this forum??!!
Oh common pcpune, not here. Originally Posted by nitesh Comment Quote Like 2. A lot of retail investors like us have made good returns in last years. Many investors would have made lot more. But going forward expecting those kind of returns may be little optimistic especially if we are still learning. So you can become a full time investor if you are not going to depend on your equity portfolio for income in the next years atleast and have a good backup plan to meet your expenses.
One good thing about investing is that you can still do it with your job. Most people on this board are probably doing it like that. I think your current employment would likely provide you enough time to pursue your interest in investing. At this stage in your learning curve, it appears you should be able to manage it well enough while also working.
If not, it is too early. Sometimes you dont need to make the choice, destiny makes it for you - this is what happened to me. After a 14 year corporate career, I found myself out of a job late last year. I have been investing in stocks since past years, but became particularly interested in value investing during past years, and was in a similar dilemma as you for some time before losing my job.
I had a corpus of 4X annual expenses at that time. Well, after doing it for some time, here are some learnings:. You need strong discipline to make it work. When you do investing full time, you have LOTS of time on your hands, which coupled with lack of discipline results in fooling around too much.
Result - I got into day trading, and lost a bunch of money. The lack of a steady income is deadly, not just mentally, but for your investment process because it freezes your investible capital. I thought I had decent stock picking ability based on my past performance.
Most of my investments were in blue chip stocks, and I had pocketed decent returns on many of them. But what actually was happening was this - if a stock fell from my purchase price, I just bought more and averaged it with the confidence a blue chip gives , waited patiently for it to go up and pocketed returns when it eventually went up.
However, once my salary vanished, if one of my stocks dropped, I could not average any more unless I sold some other stock which I didnt want to do to avoid concentration and I was just left watching. So now many of my stocks went below purchase price and I could do nothing, however strong my conviction was. The other issue is that without separate income, your waiting period shrinks fast.
You cannot wait long for the stock to rise however strong your conviction is, because you need money for expenses. It killed me to be selling some stocks when the markets crashed this Feb, but had to swallow the loss and do it. Many of those stocks are up now. I know this can be avoided by better portfolio management, keeping some cash aside etc. All these have been valuable lessons for me, and I think or hope they make me a better investor.
I have certainly realised I am a better investor with time on my side, which a steady income gives. If I was in your place, I would stick to the job for a few more years atleast.
Try to take out more time from your schedule if you dont have kids you can certainly make time e. If my savings are 10x the expenses, and I hope to make it 20x in a few years by value investing, should I quit the job now itself? Equity Investing as a full time career? Dear Fellow Investors, For many months, I have been thinking of quitting my job in the next 12 months and take up equity investing full time.
My reasons for the same are: I love investing and want to devout more time in researching and start visiting companies I like I believe there is money to be made in Indian equities and, if I put in the right effort, I can find good opportunities for the same On the other hand, following things are holding me back from taking the plunge: Security of a monthly pay check Family responsibility Wife, mother, grandparents, No kids yet - nor planned Slight fear of losing my hard earned money Here I need some advice from you guys: What are the steps to be followed to do this?
What are the precautions one should take for this? Few things about me so that you can advice me better Male, 28 yrs, from Pune, B. Savings apart from portfolio: No loans to be repaid Relevant Books read so far: Would be very grateful if you can share some thoughts. Once you have a portfolio 20 times your annual expenses, feel free to quit your job. Rohitsharma Rohit Suvi has written amazing stuff on this.