I have learnt a hard lesson in Yes Bank, 18 lk investment sold for average 2 lk in early 2020 at average price 10. I always keep yes bank in my tracklist to remind me on daily basis that i strictly need to avoid all banks and small NBFC’s. Never bought a bank after 2020. My Portfolio tooka massive hit in Jan 2020 by Yes Bank and than march 2020 by Covid, dropping by close to 70%.
Other mistakes, Rel power, Rel Infra, Rel Capital, PC Jeweller, Gitanjali Gems:joy:
Below are rules i follow now
- No rushing to buy hot stocks
- Avoid the stock in news at least for 2 weeks to find a real short term price.
- Avoid stocks heavily invested by FII and DII as any negative news, exit is rare.
- Avoid all Banks and small NBFC’ , only very large corporate houses driven NBFC’s are ok
- Avoid F&O trade
6 Avoid Infra sector
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