Its all just mindset. Just try coming out of it. Treat these failure steps as just steps toward progress. Concentrate on something else for now. Go to a Madhubala movie, domino''s pizza, eat a nice cake, icecream...enjoy. Participate in games, exercise. not always sit on computer
For trading in shares, its a basic rule NOT TO TRADE with borrowed money. Don''t repeat it further strictly.
Even if you are in profits, the interest will go and nullify your profits. Remember the 2004-5 Rpower IPO? There were few other IPOs like powergrid, where people who invested just 30 k or so got back double times (30 k profit alone). Impressed by these type of news, I applied for Rpower. I had only 50 k cash. That time the full lot was around 96 k. The rest of the money, I arranged a gold loan and applied full lot. But suddenly there was a crisis in market like its now and went negative. Thankfully, I was not alloted a single share. Still, I had to pay some 2000 Rs for gold loan - so thats a loss. Then I came back after 2013-14 elections after the markets revived. Still, last year, I made around 20 k loss, but thats okay for now.
People think by taking loan we can achieve things, but don''t calculate exactly how much we lose in loans. We think monthly instalments are small but indirectly we lose a lot. Slow down your mind and think.
Now, everybody is canvasing us to take car loans, personal loans, credit card and all types of loans. I am strict no no! Don''t think 10 L is huge and speculate. You can speculate only very small % of what you have. Before my dad died, I had chance of flying in all types of airlines 6-7 times a year. He had access to 60 cars that would come to him at anytime and for me too if I wanted. I did a lot for my family members, but saved nothing. Immediately after the day he died, I was so hungry the next morning and my own brother denied just 10 Rs for a coffee @local bakery, I was penniless then. My studies were gone....but there were other avenues for me to work hard and regain and able to survive now - thats a different story!
Today''s world is like this. Be very very careful with your money and loans. Nature has given us some gifts. This forum is a gift, and many good people are educating us here. Rajeev Kumar singh, has given message that he has squared off all holdings. Next day, we say 800 points falling. .
Let''s the education. Let''s not be in a hurry. In markets, if you follow broker calls and hurry, only brokers benefit. Its better to learn a lot, even if it takes time. We will come @ one stage that we know something. Only at that time, trade in sure-shots. No cat-on-the wall trades.
Sorry for the long msg, but I wanted to convey you some thing. I m ashamed for my auto biography, but that was in an intention to educate other small investors. Just forget the past, be careful in future and cheer up!!
Main jo kahoon aapko shayad postmortem kar raha hoon aisa lage. lekin baat yeh hai ki Precision mein apply nahi karna tha 1. High PE (compared with Bharat forge) 2. Very regular type of business model 3. high competetion 4. slowdown etc. Team lease shayad aapne jaldi loss mein bech diya, wihch was good stock 1. Unique business model 2. No comparison with any listed stock in inida. Anyway try to apply with your own money instead of taking loans. Take loan if you are highly convinced with any particular issue.
Star ipo Aap bilkul sahi kah rahe ho aur m jaanta hu mostly people k saath aisa hi hota h pr sach kahne ki himnat koi nhi karta aisa mere saath bhi ho chuka h tb meri mere ek frnd ne help ki thi . Umeed krta hu ki mera msg padh kar kisi ka bhala ho jaaye. Ye jo bulls of india jese people h na jo market dekhne k baad btate h ki aapne presicion me apply hi kyo kiya ya teamlease me bechne ki itni jaldi kya thi. Sach btau to mene bhi aisa hi kiya h presucion ab bhi h mere paas or engineers india k share bhi teamlease mujhe allot nhi huye the warna m bhi market open hote hi bech deta or loss khata. Market me bhavishya ka kisi ko bhi pata nhi hota. Septa ko sab log king maante h yaha lekin muje yaad h unka ek msg jisme unhone kaha tha ki unhone presicion ka ipo apply kiya h & i think hni category me unhe huge quantity allot bhi hui thi. Or muje pakka yakin h ki unhe bhi loss hi laga hoga presicion me. Sorry septa ji agar meri baate aapko galat lage to m to bas sabhi logo ko yahi advise dena chahunga ki market me pesa lagao lekin interest par ya loan lekar nhi aap apni income ka kuch part invest kro. Or invest itna hi kro or ye soch kr kro ki kal ko wo zero ya bahut kam ho sakta h.
Bulls of india ,u r very right,precision was not a market leader it was very ordinary model,i warned very early not to apply in it and said team lease apply for decent listing gains.....
Guys if you are wondering why Indian market has been worst in these days. check urself all stock market except india have recovered and its only Indan stock market which has gone down.There are no Global jitters
Let me tell you a few reasons for it. Raghram Rajan whom u people have lot of faith has done a blunder. He has asked Banks to include all the write off and bad loan in this qtr. this has result in banks showing extreme losses. when your banks and financial sector shows bad results it leads to downfall and bad sentimenst even in stock market. what this has caused is Indian market lost confidence and appears to be in bear territory. While i am confident next qtr results will be good but there was no reason to maintain negative sentiments when you need to enthpositive env for investment purpose
Wil you all people agree that a economy showing 7.4 GDP would be worst stock market in world now?
Time for Rajan and Arun Jaitley to give some response and what they are doing from their end to enhinvestment.
Idiotic of you. They are there to manage nation not day to day stock market.. There is no governor lyk RR. Coming to point if u know there are some bad assets in balance sheet why not create provision? U dont want to create just bcz u ppl want good result.
We all have to think that "if you, me or any of us had taken loan from Bank, we all pay in time, Bank takes safety margin nearly 50& and if not Bank know how to recover. But in the case of these Bad loans, I am not able to understand that, why Banks can not recover these amount. Is it due to big names and supported by politicians?"
Guys, make sure you exit on opening price else you will be stuck in this stock forever. I advised earlier they have no scope in business and its profit are decreasing and slowly it will be a loss making company. Also its owner does not look confident on its own business.