Couple of useful comments I made on IPOs & Stock market - Discussion Thread by Marketdimer

Couple of Useful links
1)https://www.moneycontrol.com/stocks/marketinfo/... don’t get disheartened by seeing the word fertilizer. On left column there are various sectors. And find new companies. I do this all the time. For educational purposes, I pick a random stock from a random sector every week. I don’t understand everything always. But that’s how I find my good return giving, min 15%, stocks
2) stockedge app. It has also companies based on sectors.
3) trading view https://in.tradingvi...om here you ll get a very good interactive chart with tools to do technical analysis. Zerodha also gives this service.
4) investing.com can be used for charts and stuff like that. It’s relatively unbiased news site in my opinion.
5) CA Manoj Kumar Jain https://www.youtube.com/user/micec...rI am not promoting anything. But he says very genuine things. His strategy is real simple. When a good stock goes down, he picks it. And he applies his method. Every 10-15% fall he adds a bit of money. It sounds suicidal. But he picks decent Nifty 50 stocks. For example HUL, Maruti, Gillette ( I opposed him in this case. As Gillete is facing extreme competition), Hero corp(You know my nature, Opposed here too, . But my experience so far is great
6) Mohd Faiz https://www.youtube.com/channel/UCv8vYfhw7Xj0Zm... I don’t promote this guy either. He makes videos in Hindi n copies matterials from Moneycontrol 🤪🤪🤪 but I listen to him to know about different new stocks, trending sectors etc
7) Nitin Bhatia https://www.youtube.com/channel/UCqvVj1LkOpA8tj... I love this guy. I am following since the very beginning of his YouTube career. He teaches technical analysis, different strategies for stocks, fno. He repeats same thing in video. So, it ll be a really boring journey. But you ll learn the most. I vouch for this guy.
8) Sunil Minglani https://www.youtube.com/user/TheSunilmi...ni arch rival of Nitin Bhatia. He is flamboyant, funny, humble, greedy n rude. 🤣🤣🤣 I follow him to make myself afraid of elements in stock market. He doesn’t teach much in YouTube videos. But surprisingly his analysis works. For example, in 17-18 everyone was like mutual fund sahi hai. I was a beginner. But he saved me from losses. He talks about logic behind long term investment. He hates fno n intraday. He charges exuberant fees for his courses. I haven’t done any. His analysis is pretty good.
9) P.R. Sundar https://www.youtube.com/user/mangai...ar he is an options trader
10) Abhishek Kar rival of Sunil Minglani https://www.youtube.com/channel/UCcanCrgSWVYW7Z... he is a decent dude
11) The Trading Channelhttps://www.youtube.com/channel/UCGL9ubdGcvZh_dvSV...oQ this an international channel. They teach about technical analysis in English. Matterial is solid.
12) Elearn markets https://www.youtube.com/channel/UCMec1m9iUC3agi... you ll meet successful traders of India in here
Part 2 is coming soon
Part 2
This is for serious people.
1) https://blog.sensibul...m/ You will learn about options strategies, demos, chart patterns etc
2) web.sensibull.com I will not promote options trading. But if you want to learn, pay them 470 rupees and you can trade in a virtual platform. No real money will be involved. But you will learn about new things, if and only if you want to learn about options. If you play in live trading you gonna either make or burn money. for 470 per month if you can play virtually then where is the harm?
3) https://moneybhai.moneycontr...om stock trading/investing simulation. It is for free. Interface is pure crap. It is not well looking platform. but if you wanna paper trade, this is great.
Let’s talk about some books
1)Rich dad poor dad
2) The Intelligent Investor
3) The Disciplined Trader
4) Trader Vic II: Principles of Professional Speculation
And I am feeling almost guilty for promoting piracy. But, here it is. https://procapital.mohdfaiz.com/books/in...hp
you will get a bunch of books here to download. Of course they are pirated but you know the deal. If a free thing is on the web and can do some good to people and given that those authors are rich, people should try those free things.

Sins in the market for active investors and traders.
1) Emotions: traits: Assuming things, always being sentimental, not cutting your losses
2) Lack of Vision:(long term active investors, not mutual funds investors) traits: following a company blindly, always taking past performance as granted, (This is why long term investment (direct investment in particular stocks, not mf Investments, is not for everyone.)
3) Greed: trait: Trying to enter at bottom of the chart and trying to exit at the peak. This sounds about the perfect scenario. But it’s a trap. Experts investors enter n exit at midway. Catching a falling stock is like catching a falling knife, keep on pouring money to average and it goes to the shitter.
4) Lack of Protection: more like an extended version of the sin Emotions: traits: having only surface level knowledge, no stop losses, no targets, no discipline, no technical analysis or fundamental analysis. No money management. No paper trading, no backtest of knowledge.
5) Overtrading: It’s a combination of all the sins together. You made 1000 in a trade. Then keep on trading till you bleed. You give more brokerages in multiple trades.
6) Not knowing what one wants: mixing trading n investing. Trading is to earn money, investment is to grow money. There are several way of earning money. Trading is happening to be one of the most rewarding, adventurous, demanding and dangerous method, which requires solid risk management, proper discipline, big appetite, strong nerves, and faith in oneself. If investors are soldiers in stock market and then traders are special forces guys. Successful traders are operators, not everyone is cut for them. People hear success stories and jump into conclusion.
7) An extention of 1) sin i.e. being emotional. Letting a bad incident or two make you feel bad about market.
8) Niggardly Character: It’s just the opposite of Greed. Traits: not paying fully on oneself. For example, you have a capital of 1lakh yet you hesitate to buy a 500 rupees knowledge. Take care of the gear and gear will take care of you, that’s what mountaineers/soldiers say. Well, that’s true here. Your knowledge must be proper. Your practice must be proper.
9) Not reading Newspaper/ Moneycontrol/ any financial magazines: guys you need to read them. You need to read whatever things you can written by so called experts. YouTube is a very good platform too. People learn so much things from it. 🙂 But all other sins get triggered when we get positive visual stimuli about a particular commonly shared belief. One has to be careful. But accidents happen everyday. Even best gear worn F1, MotoGP guys suffer horrific injuries. Damn pedestrian is not safe either. So, shall we stop walking? Shall we stop driving?
10) disbelief in own system: we create a suitable system for us. For me MACD works great in particular instruments of high risk. Often times in the past I didn’t follow the way. I suffered. That is a super small example. Whatever system you follow, believe in it. If doesn’t work make a new one or buy another one
11) listening to big figures like RJ, Buffet, Soros religiously: Well Ramadeo Agrawal of Motilal Oswal securities said Tata Motors losses are nominal ones. You know what happened next. Dolly Khanna bought lt foods, you know what happened. RJ bought a stake in JP Associates, it has gone in to shitter. Buffet keeps on asking you to buy dividend wala stocks. Hero motorcorp has announced 65/ share dividend, stock costs 2000+, I haven’t tracked it. Well, not many stocks give you this much dividend. For face value of 1₹, 800% dividend comes to only 8₹ no matter how large the company is. In India dividend based stocks don’t give much appreciation. I didn’t know about oil businesses. Ok, but that’s not guaranteed in future. I can’t guarantee that for next 10 years. elctdin is another exception but best of luck getting even one share of it. Try to understand what they have undergone through. Buffet managed a hedge fund, he is investing since he was a teenager, RJ is a CA n broker, Rk Damani Saab was a broker. People buy their surface level sayings but lack the desire to go through the process. People disrespect the damn process. Stay away from such people, disrespectful of process.
12) Negativity: Negativity has never made any real money. Trust me on this one. 🙂
This is not a sin. Last but not least, there is a youtube channel Manoj Kumar Jain. According to him, gone are the Bulls, gone are the bears, eagle is the winner let’s be clear. 🙂 Don’t consider yourself as a bull or bear. Be an opportunistic animal. There ll be companies available at cheap valuation all the time. Cheap means, PEG ratio is low(PE ratio doesn’t work anymore), stock is making bottom and doing great business, have good governance, good management, future is bright ( you need vision for this). And keep on booking profit. 🙂🙂🙂🙂
Case Study:
Once Kodak n Nokia were the behemoths of stock market. 1) sin made people continue to invest in them. 2) sin made them to become more 1) n prompted to not cutting losses 3) came in to picture n they must have kept on pumping money to average out their investment. 4) sealed their deal.