Jubilation is visible on the faces of many who risked to trade JINS since it was at 15/=. But the euphoria began on the 29th ultimo, in a matter of 4 days it shot up from 16.10 to 28.40. It was more than a windfall to those who traded. The returns were shocking, and mind blowing. So the ones who were left out felt lost and stranded. Some are dejected and more than disappointed. Many who did trade think that they are the best traders in the whole wide world. The most important question is with those traders who have bought yesterday at 28 and above. If you are one of them..... think about it. Why did you buy at 28? Why??? What's your strategy? I am not asking this question from those who have traded and booked profits, who now think that they are the best, let them enjoy the moment and celebrate their achievements. But the important crowd are the ones who bought yesterday at 28.00 or above and waiting for trading to start on Tuesday. Why did you buy? To invest or trade? what's the rational behind your purchase? If you have done so based on your strategy then it is perfectly ok. You are the best trader/investor, because you have done so with a reason. You know why you bought, and you know exactly when to sell, and know exactly when to cut loss. But if you do not know, then you are the most stupidest. Was it because some one told you to buy, or was it because you got information, or may be some one gave you a tip, that made you to buy above 28? Then you are the most zero headed person who is investing/trading in the market. You are waiting to be destroyed. Why are you doing that? What is the rational behind that? Even then are you prepared to cut loss and avoid a total wipe out. Are you bold enough to do that. I mean to cut loss and take the loss boldly. Can you lose? How much can you afford to lose like that? Have you thought about it?
The biggest lesson to learn from this lies with those who have the stock now at or above 28/00. They must know when to sell or cut loss. They should know how much they can lose and feel comfortable with it. They are the real winners, they are the the ones who'd gain the most. Not those who trade with information and tips. In my book they are the Cowards. Do not emulate them and end up losers for the rest of your life.
Making money in the Stock Market is not easy, but not hard only with increased education and understanding.......
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