Hello all,
First of all I would like to say that I was in the market for 3 years (in 2008-2010) and as a novice I didn't put much attention and I have bought some good shares like ICICI, Maruti, Aban Offshore etc investing Rs. 1,28,000 (from various sources including Credit Card also) and when market began to panic in 2008-2009 I also panicked and sell all for just Rs.23000. After that I bought Bharti Airtel 20 shares for 443, moser baer 100 shares for 91, Tanla Solutions 50 for 76, Subex 100 for 96 and Nimbus Food 500 for 7.22 and timely I haven't pulled back myself and now again I am in a ditch. I forget about the shares.
Is there any strategy to overcome my loss (earlier loss of aprrox 1 lakh cannot be covered, I am only asking for current losses to be covered). shall I go for safe trading with Niftybees. If I sell the above shares I can only get a little above Rs. 10,000 and I can add another 10,000 to start with Niftybees. Please suggest and advice me what to do right now. What about forex trading though I know I can't focus continuously in this area as I am working in steel sector as full time service.
Thanks & Regards,
Sudhakar
First of all I would like to say that I was in the market for 3 years (in 2008-2010) and as a novice I didn't put much attention and I have bought some good shares like ICICI, Maruti, Aban Offshore etc investing Rs. 1,28,000 (from various sources including Credit Card also) and when market began to panic in 2008-2009 I also panicked and sell all for just Rs.23000. After that I bought Bharti Airtel 20 shares for 443, moser baer 100 shares for 91, Tanla Solutions 50 for 76, Subex 100 for 96 and Nimbus Food 500 for 7.22 and timely I haven't pulled back myself and now again I am in a ditch. I forget about the shares.
Is there any strategy to overcome my loss (earlier loss of aprrox 1 lakh cannot be covered, I am only asking for current losses to be covered). shall I go for safe trading with Niftybees. If I sell the above shares I can only get a little above Rs. 10,000 and I can add another 10,000 to start with Niftybees. Please suggest and advice me what to do right now. What about forex trading though I know I can't focus continuously in this area as I am working in steel sector as full time service.
Thanks & Regards,
Sudhakar