Hello Friends,
Here is my little real story..
My father used to maintain a decent portfolio. He always bought the shares when the IPO was out for banks and all. Managed to have a portfolio of 7 lakh without knowing the ins and outs of trading in 10 years. all he used to do was buy and keep. Never sold a share. He works full time and was never interested in selling shares and he thought it was an investment. Finally one day his relationship manager of the broking company where he had account called him and asked him to start trading and he will trade on his behalf. he built the trust tat he will do profits for him and my dad started trading with him. He made him buy currencies worth many lakhs over the phone on intraday which got squared off and finally he ended up selling all the shares worth 7 lakh to nil. He just vanished after that and company didnt took any complaints as they had the clause in terms and conditions that person is responsible for doing all trades. ( He may have made loads of brokerage incentives for himself).
I came to know much later. All this happened in 1 month. I was out of station completing my studies and just came back a month ago. Found my father very depressed because of this and this is more than his 1 year salary. Finally i decided to learn the trading, do some trading and start building up his portfolio so he can feel a bit ok.
I researched a lot, got used to the online software and found terms like stopp loss, intraday etc.
Now I am about to start share trading and practicing with paper trading as few of you have recommended on this site.
I want to know the usual tips of finding if a particular share is likely to fall or rise.
I have heard to see USA market, european market, asian market, TBQ, TSQ bid quantities etc, but it will be great help for me if someone can streamline on what exactly to see here and how does it affect the shares.
Rite now i have done my paper trading for 7 days and only 1 day made profit of rs 300 with losses between 500-7500 each day.
It will be great if anyone can assist me online and help me recover the losses. If any of you making a daily profit and can recommend me the same counters to buy or sell online, it will a very big help.
Please excuse me if I am asking for more as I am new to this world and have rs25000 to start with.
Thanks a lot for reading.
Here is my little real story..
My father used to maintain a decent portfolio. He always bought the shares when the IPO was out for banks and all. Managed to have a portfolio of 7 lakh without knowing the ins and outs of trading in 10 years. all he used to do was buy and keep. Never sold a share. He works full time and was never interested in selling shares and he thought it was an investment. Finally one day his relationship manager of the broking company where he had account called him and asked him to start trading and he will trade on his behalf. he built the trust tat he will do profits for him and my dad started trading with him. He made him buy currencies worth many lakhs over the phone on intraday which got squared off and finally he ended up selling all the shares worth 7 lakh to nil. He just vanished after that and company didnt took any complaints as they had the clause in terms and conditions that person is responsible for doing all trades. ( He may have made loads of brokerage incentives for himself).
I came to know much later. All this happened in 1 month. I was out of station completing my studies and just came back a month ago. Found my father very depressed because of this and this is more than his 1 year salary. Finally i decided to learn the trading, do some trading and start building up his portfolio so he can feel a bit ok.
I researched a lot, got used to the online software and found terms like stopp loss, intraday etc.
Now I am about to start share trading and practicing with paper trading as few of you have recommended on this site.
I want to know the usual tips of finding if a particular share is likely to fall or rise.
I have heard to see USA market, european market, asian market, TBQ, TSQ bid quantities etc, but it will be great help for me if someone can streamline on what exactly to see here and how does it affect the shares.
Rite now i have done my paper trading for 7 days and only 1 day made profit of rs 300 with losses between 500-7500 each day.
It will be great if anyone can assist me online and help me recover the losses. If any of you making a daily profit and can recommend me the same counters to buy or sell online, it will a very big help.
Please excuse me if I am asking for more as I am new to this world and have rs25000 to start with.
Thanks a lot for reading.