Top 20 Investors in India Share Their Philosophy

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New investors taking their first steps towards learning the basics of stock trading should have access to multiple sources of quality education. Just like riding a bike, trial and error coupled with the ability to keep pressing forth will eventually lead to success. One great advantage of stock trading lies in the fact that the game itself lasts a lifetime. Investors have years to develop and hone their skills. Strategies used twenty years ago are still utilized today. The game is always in full force.

Open a stock broker account Find a good online stock broker and open an account. Become familiarized with the layout and to take advantage of the free trading tools and research offered to clients only. Some brokers offer virtual trading which is beneficial because you can trade with play money see 9 below. A great tool for comparing online brokers can be found at StockBrokers. Read books Books provide a wealth of information and are inexpensive successful traders indian stock market to the costs of classes, seminars, and educational DVDs sold across the web.

Here on the site we have a full list of 20 great stock trading books for investors to consider. Read articles Articles are a fantastic resource for education. Our free Stock Education page here on StockTrader. Recommended websites for investment education are investopedia.

Find a mentor A mentor could be a family member, a friend, a successful traders indian stock market or current professor, co-worker, or any individual that has a fundamental understanding of the stock market. A good mentor is willing to answer questions, provide help, recommend useful resources, and keep spirits up when the market gets tough.

All successful investors of the past and present have had mentors during their successful traders indian stock market days. Forums can be another source for question and answer. Two recommendations include Elite Trader and Trade2Win. Just be careful of who you listen to. The vast majority of participants are not professional traders, let alone profitable traders.

Heed advice from forums with a heavy dose of salt and do not, under any circumstance, follow trade recommendations. Study the greats Learning about the greatest investors of years past will provide perspective, inspiration, and appreciation for the game which is the stock market. One of my favorite book series is the Market Wizards by Jack Schwager. Read and follow the market News sites such as Yahoo Finance and Google Finance serve as a great resource for new investors.

For in depth coverage, look no further than successful traders indian stock market Wall Street Journal and Bloomberg. By monitoring the markets each day and reading headline stories investors can expose themselves to trends, 3rd party analysis, not to mention economic concepts and general business. Successful traders indian stock market quotes and observing fundamental data can also serve as another good source of exposure.

Beware though, over time you may find that a lot of the investing shows on TV are more of a distraction and are overall full of junk recommendations. This is a natural evolution; you are not alone!

Consider paid subscriptions Paying for research and analysis can be both educational and useful. Some investors may find watching or observing market professionals to be more beneficial than trying to apply newly learned lessons themselves. There are a slew of paid subscription sites available across the web, the key is in finding the right ones for you.

View a list of the services I use use myself. Two well-respected services include Investors. Go to seminars, take classes Seminars can provide valuable insight into the overall market and specific investment types.

Most seminars successful traders indian stock market focus on one specific aspect of the market and how the speaker has found success utilizing their own strategies over the years.

Examples include Dan Zanger and Mark Minervini. Not all seminars have be paid for either. Some seminars are provided free which can be a beneficial experience, just be conscious of the sales pitch that will almost always come at the end. When it comes to classes, these are typically pricey, but like seminars, can also be very beneficial. Buy your first stock or practice trading through a simulator With your online broker account setup, the best way to get started it to simply take the plunge and make your first trade.

If trading with real capital is not successful traders indian stock market initially, consider using a stock simulator for virtual trading. A variety of online brokers offer virtual trading for practicing. One of the most common mistakes traders make is to go all-in and try to score big with a full portfolio position out of the gate.

This is an often painful mistake and why many new investors suffer big losses early on. Proper portfolio allocation is extremely important. For more tips of wisdom, see my article, 60 Stock Tips for Investment Success.

For the majority, trading will be losing proposition. Warren Buffett, the greatest investor of all-time, recommends individual investors simply passive index instead of trying to beat the market trading on their own. Interested to see what stocks Warren Buffett recommends for your portfolio? Sign up for our free market recaps Join over 22, other investors and receive successful traders indian stock market weekly posts via email using the subscribe box below or on the successful traders indian stock market.

I invite all new investors to make StockTrader. Read my page interactive course, The Interactive Guide to Technical Analysisand learn how to read stock charts. Enter your email address.

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Vijay Kedia is undoubtedly among the most successful stock market investors in India. When he started equity trading, he was only And, this is perhaps the most amazing fact about Kedia. Many well-known investors across the world always encourage to start investing early. According to them, if a person begins share trading at an early age, then, the chances of becoming successful in the stock market are much high.

Moreover, such persons would be at an advantageous position of refining their equity trading strategies and investment strategies much ahead than persons who start late. Vijay Kedia is one such person and being an early investor has helped him in building a good fortune for himself from stocks.

Once in a conversation, Kedia revealed how he learnt a lot at a young age from his investment mistakes with smaller risks at stake. When Vijay Kedia entered equity trading, he started with only Rs. At present, his portfolio value is believed to have crossed Rs. When he became 18 years old in , he got a trading account for himself.

Kedia was born in a family where most of the earning members had a stock broking background. His father and grandfather were both stock brokers at the Calcutta Stock Exchange. Hence, it was quite apparent that Kedia would follow their footsteps. However, to make a career in equity trading was never a prime choice for him. This period was a great learning stage for him. His investments sometimes fetched him decent money and sometimes he was also losing money.

He even had to start tea supplying business alongside stock broking. At one point of time, Kedia experienced more downs than ups. The one and only precondition for trading in stocks is to cut the losses.

As Vijay Kedia was bettering his stock trading decisions, he came across one of his old friends S. P Modi who inspired him to invest in the share market. Modi, by then, already pocketed a couple of multibagger stocks in his portfolio.

Following his stock recommendations, Kedia invested in stocks of different companies. Within few months, the investments started multiplying themselves. During this time, Vijay Kedia himself spotted good potential in Punjab Tractor. In 3 years time, the stock price of Punjab Tractor appreciated by more than 10 times. In , Kedia relocated to Mumbai with a saving of Rs.

During his initial days, he stayed at different paying guests. He kept on changing his accommodations when the landlords increased the rents. For him cutting down and minimizing expenses was more important. Vijay Kedia used most of his savings for purchasing stock of different companies. The first few years in Mumbai was full of challenges for him as his stock picks failed to give him decent returns.

In , Kedia finally managed to spot a stock that had good potential. It was ACC which was trading at Rs. Kedia sold the stock after 1. Since he picked up a large number of shares of ACC in his portfolio, Kedia managed to reap huge benefits from the trading deal. With the earnings, he even bought his first house in Mumbai. During the late nineties, he came in touch with Rakesh Jhunjhunwala. The association with Jhunjhunwala helped Kedia in strengthening his investment strategies.

He understood that that to become a successful stock market investor, one need to focus on developing the skills of making good investment strategies. He realized that short term equity trading strategies only help in smaller runs; but, it can never help an investor become successful in long terms. In , Kedia identified stock of Aegis Logistics which was trading at Rs 20 per share.

It was something which he did for the first time in his life. For the first one year, the stock price moved up only a little. In the next few years, Vijay Kedia learnt the art of portfolio diversification. A diversified portfolio increases the stability of investments. A diversified portfolio also helps in reducing the risk of losing money. Kedia also concentrated on identifying the top stocks to buy after going through the financials and stock charts of different companies.

So there I learned to concentrate on the whole market; identify say 50 scrips and select one. Atul Auto was among the undervalued stocks that was worth buying. The company in the s brought some exceptionally good and efficient 3 wheeler vehicles in the automobile market.

The management also had a clear vision to establish themselves as a national player in the automobile market. When Kedia entered the stock the company was in the process of setting up a high-class state of art manufacturing unit to produce Rear Engine 3-wheeler vehicles. When the company rolled out the products, they got immense response. The stock price rose by more than 7 times in the next 5 years. Vijay Kedia entered Cera Sanitary Ware around He invested in the stock for 2 reasons — steady growth and modest dividend.

Moreover, like Atul Auto, it was also among the best undervalued stocks that was available at that time. A booming real estate market was also helping Cera Sanitary Ware in scaling up its business operations. This stock too gave him more than 7 times return in 5 years. How you can Make Money in Stock Market! And, each of them went on to become multibagger stocks.

Vijay Kedia has gone through lots of highs and lows while dealing in stocks. But, even during the tough times, he never lost hope and determination to succeed. He feels a high academic degree is not always important for becoming a champion stock market investor. In order to excel, one should learn from the investment failures. If you feel that this story can inspire and benefit others, then do share this post. Basant Maheshwari's Portfolio at different times reveals why he is so successful in the Stock Market!

This ace investor's portfolio is worth INR crore; Ashish Dhawan's journey in the investment sector conflatingVisions. Leave a Reply Cancel reply. Sorry, your blog cannot share posts by email.