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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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    Hola Amigos,

    Haha, just trying to lighten the mood. Things have gotten better, trying to ignore the market. I realized one thing of very great importance. If the market panics,and it rises or falls its fine. The day it stops panicking that is the day to be very scared. We are fools of our own emotions and we have to control it.

    Coming to the rate cut of 35bps today, seemed priced in markets are sitting. We need growth for the markets to push higher, but i think the price correction may be done. We may be in for some time correction but lets hope that companies keep growing.

    My condolences to Sushma swaraj family. She was an honorable person, Rest in peace.

    Keep smiling, be happy, enjoy markets , be rational, let emotions be at bay.
     
  2. Red Devil Manan

    Red Devil Manan Member

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    Eid mubarak to everyone. Though i am not a Muslim, respect everyone.

    That being said,i wish to share a lot of my leanings i have had over the weekend. My portfolio is down now around 12% but i am least bothered now.

    What i have learnt is if stuff goes down and you are confident, you have to buy more. You should be confident on your investments. Also the biggest learning curve i have seen this weekend is for me the company i am investing is helping me reach my destination, which is my financial goals. Now if the company is airplane, the captain is the promoter. If there is no captain,the company will not go anywhere.

    So i have learnt is bet on the right promoter, with a clear vision and good integrity. The biggest problem in INIDA is everyone is a jholu. Everyone from cops to the government, to corporations they all are. But there are few exceptions.

    Take Jockey( PAGE INDUSTRIES) the genomals are ethical people. Take Asian paints, superb management again. In India, there are more jholus than ethical people. When you find an ethical person however with a company which can grow, bet on it and hold it.

    This is what i have learnt. Every tom dick and harry wants to invest only in bull markets, but this is the time to buy good quality companies. I do not know how low the market will go but i am confident since the last 8 months and i am still bullish than bearish.

    I thank Amit Jeswani of Stallion Asset who i am a member of who gives confidence from his query desk, helping to understand and grow. If you are new in markets or have lost a lot of money, try out his services, definitely worth it.
     
  3. Red Devil Manan

    Red Devil Manan Member

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    Hello All,

    Yesterday my portfolio had a drawdown of 20% (MAXIMUM) i have had since a while. Honestly i was scared but i tried to not look at the screen. Controling emotions is not easy in equity investing, hence i try to express my emotions writing over here. I know many of you guys are in the same boat, everyone wanted to sell and i did not give into that emotion.

    Now hopefully all those who abused the FM for the bad budget now are sucking up to her, humans are really stupid. But i knew things were to so bad, good news will come at some point in time.

    Hopefully the runway should start looking good now. This pain was a bitch, but i know the more pain, the more we gain.
     
  4. Red Devil Manan

    Red Devil Manan Member

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    Hello People,

    I do believe that things will only get better from here from now on things will only get better from here in the market. I have never seen this type of market. Even in 2013 i remember it ended after sometime, but this looks like it does not want to end.

    Alot of people i meet are hating stocks, some are saying they have ruined me and this and that.I know this is the best time, because this is exactly the opposite of 2017 when random people kept talking about stocks.

    Let us see what happens but take my strength for all those investors. Stay invested , do not give up. The market will make you do crazy things, but just relax, breath. Remember investing means sacrificing today for a better tomorrow.
     
  5. Red Devil Manan

    Red Devil Manan Member

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    Helloooo People,

    My best guesses look like we have bottomed out. On the 6th September which was friday and today which is monday there was proper accumulation happening in stocks. My best guesses are the worst is over.

    Now the main thrill will start. Slowly and steadily the market will push higher. People will now keep having doubts, but i am sure the market will push. I will share one more secret i learnt. Do not bet on previous losers. Stocks which were leaders of the previous market will not be these leaders. They will not lead this market so do not average loosers.

    Average the winning stocks in your portfolio, they will lead this market. I think the worst is done, i can be fully wrong who knows,but the mood is pessimistic and the market are showing good signs, so that tells me insiders know more than the retail public.

    There are a lot of events but now people will be relieved very soon. Till people keep saying the market will go lower, a crash is coming, whatever they want to say and if the market keeps pushing and shows stability, be invested.

    Bet on winners not loosers, cut your loosers, do not be afraid to take a hit. It IS THE TUITION YOU PAY TO THE MARKET NOT TO DO AGAIN.

    I am a normal investor here to share my journey. I hope you guys are able to learn from it and understand how the market works. This has been 18 years of my learning and making mistakes compiled for you.

    It is only GREED AND FEAR. Right now there is fear, you can be invested and add more funds.
     
  6. Red Devil Manan

    Red Devil Manan Member

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    Two Stand Out Interviews.




     
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