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Discussion in 'Stock Advisory Services' started by Red Devil Manan, Jan 11, 2019.

  1. Red Devil Manan

    Red Devil Manan Member

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    Let today be a lesson for all DUMB MONEY.The date is 23/5/2019.

    The market is smarter than all of us and will always be. To all those who sat on the sidelines waited for the election results and bought today, look what happened.

    The smart money got out. From 300 points, to nothing, the Nifty corrected. That is why you must go against the crowd. The crowd is entering the market, this is the time to book some profits if you have some.

    You cannot time the market, it is for fools. I am bullish on the market for long term always, i believe our country will grow, but let us see for a week.

    Cmon, now if the best news of Modi coming back to power will not move markets, then what will, you want him to start giving out gold coins? Buy the rumor, sell the news.

    If markets correct, good companies with strong earnings growth can be accumulated.
     
  2. Red Devil Manan

    Red Devil Manan Member

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  3. Red Devil Manan

    Red Devil Manan Member

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    Hello people,

    Fear is more powerful than greed and there is no greed still. People are scared and now people are starting to say that the risk reward is not in their favor right now so they wont buy. Proper bull market thought process.

    Till the time they are scared and market goes up, we can all be buyers. The day they are not scared to buy, sell it all. Greed and fear always rules markets and i still smell fear on the street.
     
  4. Red Devil Manan

    Red Devil Manan Member

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  5. Red Devil Manan

    Red Devil Manan Member

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    Hello people,

    I do hope this finds all people who read this page with good faith. Believe me when i tell you this, however good a company is, do not put your money in it if there is corporate governance issues. Let me tell you. I keep saying investing is emotional intelligence rather than cognitive intelligence.

    What happens is risks can be quantified. Valuation can be quantified, earnings growth can be quantified, but you cannot quantify fear and greed. People can act more irrational than you can remain rational.

    What happens with corporate governance is by not able to quanitfy it, people act really irrational. So they just end up selling it and all your hard earned effort goes down the drain.

    See YES BANK, DHFL,manpasand.

    I bet a lot of retailers have bought yes bank. Trust me we do not know what is in the books, they can go under if they do not get funding. Now historically in India no bank has failed and if they are bailed they are done by the government. Now i do not think it will happen to yes bank that the governemtn will want to bail them.

    Focus on good companies with good management,even though you make money , make less money its fine, just do not loose too much money over time.
     
  6. Red Devil Manan

    Red Devil Manan Member

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  7. Red Devil Manan

    Red Devil Manan Member

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