I lost rs.78000 by investing in bad stocks, can anyone help me finacially, suggest me good stocks that can bring back my fortune.
Mentally i am too upset and tense.
2006-11-23 00:01:57 · 13 answers · asked by vasudev_vv 2 in Business & Finance ➔ Investing
You are a gambler.
Gamblers are ended in loss finally.
This is a good lesson for you.
Leave this way now !
Live better life with hardwork.
Enjoy Life.
2006-11-23 00:04:43 · answer #1 · answered by Anonymous · 1⤊ 0⤋
78,000 is peanuts i lost Rs40,00,000. Because like you I was fool. Stock Markets are for longer period gains and not for short-term worse day trading. I have seen Many idiots watching the screen and order buy buy and loose loose. They will never change. Fortunately I have changed I think You can also change. The cure is simple. Look at my stock Market story.
I started investing in stock market in the early ninties and held on to them till i loose that is about 15 years. My total investment with great indian companies are just Rs50,000/- only. When I entered the third rated idiotic trading on a daily basis my investment value was at Rs35,00,00/- Look in 15 years my investment has grown to 35,00,000. Where as I lost 40,00,00 in just 12 months. Reason Day Trading.
Never ever do the same mistake. If you have invested the Rs78,000/- and taken oath that you will look back only after 10 years, the it would have also grown to 78,00,000. No doubts but you see we are greedy and stock market has no mercy.
If at all you are so much addicted and could not come out of it then try only Index Nifty futures that too call options with just Rs5000/- and trade wisely. No day trading take short term positions. You are safer and risks are low and you can also earn reasonably well. Remember Never enter stock and Index futures direct it is like catching a live 440 volts power. So trade only call & put options and take positions.
2006-11-24 23:36:12 · answer #2 · answered by Loganathan Raja Rajun R 3 · 1⤊ 0⤋
I think you should focus on your mental health because you can certainly pick up that much money in no time considering the economic growth in India. Why don't you see a financial institution such as your bank for suggestions? You would be safer investing in Mutual funds and long term stocks like Berkshire Hathaway.
Focus right now on how to recover mentally so you can gather your strength and educate youself better financially. Do some yoga, read financial newspapers and take it slow. I am sure you will bounce back in no time.
Goodluck.
2006-11-23 00:08:06 · answer #3 · answered by Curious George 2 · 0⤊ 0⤋
Hi,
Stock market is very volatile and risky markes as well as forex. But if you would trade with strickt risk management rules, i.e. if you wouldn't risk more than 2-5% of your capital and always act accordingly to your trading system rules (if your trading technique is good) then you would gain indeed.
Another rule is that trader must be not greedy.
Stock market is not gambling if you trade in correct way using technical and fundamental analysis
You shouldn't put all your eggs into one basket. You should diversify it; put some money in low risk and some money in high return
I'm forex trader/analyst for 5 years. I accept private investments.
I pay at least 5% monthly for 12 months.
Reasonable investment amount from US$10000 (ten thousand). But minimum could be lower.
If you are interesting to join me please send e-mail or pm (click my name) with amount you are going to invest and I provide your with further details
2006-11-23 00:43:36 · answer #4 · answered by VP 3 · 0⤊ 0⤋
Dear vasudev, share market is afterall gambling onlly, If you want to get earned with share maket inshort time, YOU WILL NEVER. If you invest for along time, its OK.
If you have spare money which you dont need, then only you should go there. But, if you want your money back within some time period, this market is not for that.
In short, share market is not for good person who are having money of their strength. If you are having any spare money which you dont need, then only you go there.
For now, if you are wishing for getting your money back from the market, forget it. YOU WILL NEVER. forget that money and do your own work which you are doing. Once again, share market is not for REALLY GOOD PERSON.
2006-11-23 00:18:46 · answer #5 · answered by s m 2 · 0⤊ 0⤋
Heh! I lost more than that in one minute. Devastated me for a couple years. But then I realized, being upset isn't helping. Learn from your mistake. Use it to be smarter next time.
Anything that's potentially high reward is going to be high risk. You have to balance how acceptable the risk is.
2006-11-23 00:05:18 · answer #6 · answered by A_Patriot 2 · 0⤊ 0⤋
I have lost more than that, so don't worry.
It is a part of the game.
Trading involves risk. Understand that.
If you are feeling depressed, consult a good doctor.
Get control over your moods fast.
This life is precious, don't waste it over trivia.
All the best!
2006-11-23 00:21:24 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Depending on how the money was lost, you may want to search for an attorney on www.piaba.org which is a national bar organization of attorneys who represent investors in disputes with their brokers.
2006-11-25 06:56:21 · answer #8 · answered by Steve B 2 · 0⤊ 0⤋
U lose when u invest and sell in a hurry.
Have patience and invest in mutual funds with good and thourough research
2006-11-23 04:02:02 · answer #9 · answered by Ashish K 2 · 0⤊ 0⤋
In shares you gotta have a big heart.
Be ready to loose big if u r ready to win- thats game of stock market.
Money today gone tommorrow, so dont feel sad.
2006-11-26 21:08:09 · answer #10 · answered by amuiscute 2 · 0⤊ 0⤋