I receive a lot of emails and comments as questions, but many a times people tend to ask questions in comments things that are relevant to the topic. So I thought it would be a good idea to answer any question you feel like asking to me. Nothing is too personal or Silly. If you want you can even ask what am I doing right now at this moment, so feel free to speak ask your heart out. I’m looking forward to answering them all.
I did the same on my Internet Marketing Blog and the response was awesome and I expect the same here.
My Do It Yourself Technical Analysis eBook has Transformed Hundreds of Retail Investors into Market Analyst.
If you're trying to make money from equity market, you should understand how the market works and not bet on your luck.
Technical analysis and chart pattern can revolutionize your understanding about the market and help you understand when is the right time to get into any stock and what could be your possible target for the stock.
My eBook helps you get equipped to understanding the market from practical point of view which means unlike many other technical analysis books my eBook does not explain all possible technicals and patterns that any student need to know.
In short I have explained technicals that I use when trading and investing in market.
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{ 70 comments… read them below or add one }
Shabbirji,
Being a salaried person & driven by the basic requirement of saving tax I have been investing in the 3 ELSS fund namely HDFC Tax Saver, Fidelity Tax Advantage, Franklin Tax Shield. Why 3? Just to spread my ivestment amongst different fund houses. I’ve done it for the last financial year. Now that the year has come to an end & have already submitted my investment documents in the office now I shift my focus to the next year. Here I would like ask you whether to continue with the same set of funds or opt for certain new ones and discard any of the old ones? You valuable suggestion/advice is highly appreciated.
Bikram, ELSS funds are not an option any more from the next year and so you have to look for other options to save tax.
I have too many ulip’s with me please suggest me which on should i continue and which one should i stop making payments and withdraw … i am confused.
1) ICICI pru life insurance – Life time super started on Dec-2006 last premium paid on Feb-2010 , 18,000/- annually premium , money not withdrawn and even premium not paid from March-2010, paid 3 yrs and 2 months,what should I do ? please help
2) Max New york life – Super Growth Fund – started on Nov-2007 last premium paid on Jan-2012 , 24,000/- annually premium , money not withdrawn and even premium not paid from Feb-2012, paid 4 yrs and 2 months, what should I do ? please help
3) Kotak Life Insurance – Smart Advantage Fund – started on Jan-2008 premium paid 4 years , 20,000/- annually premium , money not withdrawn and even premium not paid from Jan-2012, what should I do ? please help
4) Max New york life – Balanced Fund – started on May-2010 Annually 30,000/- not completed 3 years.
5) LIC – jeevan mitra (triple death benefit) sum assured 3,00,000 Normal death nominee will get 9lakhs and in accidental death – 12lakhs, policy term 21 yrs. premium annually 16,620/- paid 6 yrs ie . 99,720/- now stopped what should i do , do i take one term plan and invest the other money in equity or diversified mutual fund or fd’s. please advice.
Deepak, you need to consult a financial advisory who can assess your financials and then get you a suggestion based on them.
Deepak, my answer was not very convincing to you and so I have made a complete article about it and you can check it out here
http://shabbir.in/investment-linked-insurance/
Do let me know your thoughts about it.
ShabbirJi,
I would request you to share your views regarding the broker house. I did have a couple of a/c with both HDFC & Microsec. However to say the least I’m not satisfied with none of them. In HDFC everything seems tobe okay except that they charge an annual maintenance charge & their brokerage seems to be in the higher bracket, especially for a very small investor like me who works in very small volume. With Microsec – GOD – why did I went with them I really don’t know. I’m cursing myself. The only positive is that they don’t charge you annually in contrast to HDFC. As you can well understand that myself being a small investor I would love to find a broker house wherein my a/c would be free of annual charges. I don’t require much of an offline support because I love to do my transactions on my own; so online is my choice. And it would be better if the dlv/intra charges are relatively low. Pls suggest. I found everybody has their own views. I’m really confused.
Thanks & Regards
Bikram
Bikramji, I have already done that and see http://shabbir.in/stock-brokers-review/
Shabbirji,
Yes, I’ve read the same. But it’s an article written long time back in 2010. Have your views changed in these 2 years. Say for e.g. your recent experience with Sharekhan or some other exp may have in certain ways altered your viewpoint ?
Thanks & Regards
Bikram
Not really because ShareKhan online version and MOSL’s offline version works better for me.
HDFC gold fund(G) is it good to invest in it.
they are realated to gold eTF..
gold etf are very expensive compare to HDFC gold fund(G)
…. > i want to invest in this
HDFC gold fund(G)
All gold funds ROI is very same and so it does not matter.
hi sabbir
goog morning & wish you happy new year
Sabbir ji i am a regular reader of your blog and now i wnat to know about Hitch Plast can i enter in this counter at this level for 1 month.
And i also want to know about the Sintex i bought it at 122 so what should i do now accumulate or exit.
Thanks
Krishan
Hi Krishan, if you are reader of my blog, you should know that HiTech plast has never been a stock to be entering for one month and unless you can have that stock for next 2 years, I will not recommend it.
I don’t track Sintex and so cannot comment on it for investment but if you are looking at technicals, let me know and I can look into it.
Hi,
wanted to know if sip in stocks is a good idea. I am looking at bhel, UTC blue hips for a 10 year sip.
. Thanks
.
Anuj, Read – http://shabbir.in/why-no-stock-sip/
It did not seem right to me but few others found it interesting.
Hi Shabbir i have been following your website for quite a time now and i must say it is a brilliant effort to provide knowledge to retail investors.
I have only now stepped into the Markets,since i am a commerce student i have always had passion for the markets but practical exposure outweigh the theory i must say. Any way i have been searching your site to find about commodity trading even though i don’t do commodity trading but really would like to gain some insight on how the whole process is carried out. If you can write something about it it will be gr8. While i have seen one of your commodity articles but i was thinking if you can make it by taking a commodity and explain it.
Sorry for the long post hopefully you can explain it or atleast guide us in a direction were we can learn about it.
Thanks
Hi Aditya, you have not seen much when it comes to commodity because I don’t personally trade much in commodity and so whatever I have is some general idea about commodities. Let me know what you want to be knowing about trading in commodity and I may be able to explain.
For trading the things work pretty much same as futures market in Equity where you purchase some commodity futures based on the assumption that it will go higher and you can grab the profit selling higher.
The only difference is if you don’t have VAT, you cannot take the delivery of your commodity and so you have to square off the trade.
my next question……….
how should i relate doji candle with high volume n with low volume…??/
Hi Amit, I normally don’t refer to doji candlesticks because I don’t try to judge the reversal but try to go along with the trend and so seldom use them but yes long leg doji are at times see them but not with the volumes.
sir,i have a great appetite of learning technical analysis….i have learnt it’s basic..but sir i want to make my self efficient.pls give me some suggestion,which book or websites i should prefer to enhance my knowledge………thnk u sir
Amit, I would be biased to suggest my book to you.
Ok Shabbir,
I want to know what one should be looking for when doing technical analysis for short to medium term trading. Technical analysis has number of indicators so it gets all more puzzled.
Panna, there are lot of technical analysis indicators theoretically but practically only few works and you have to understand which of them works. I have explained the one that works for me in my book and using them you can analyze.
Hi, I want to start investing in Infrastructure Funds since I am new in investing field can you please help me out by naming a few good infrastructure funds and also can you tell me how do i keep a track on there progress?
Vanita, my free ebook should help you ge started with mutual funds. Have you gone through it?
Hi Shabbir,
This is in continuation of my earlier query. Phil, in his book, also mentions about ‘right purchase price’ of stocks in addition to various other factors. Do you do any calculations to arrive at ‘right purchase price’ and if yes, how?
Regards,
Prabhakaran
Yes I do and I have tried to explain the same in my book
sir why we take difference of 26 days n 14 moving average in macd….
There are some mathematical formula that has worked in the past and so we use them.
hi shabbir, what is your opinion on MIC for short term / long term.. i m in loss and i bought them since I felt its a good stock.. but it went down.. can i buy more of it at current levels.?
or should I exit it?
Can you tell me where you purchased and when?
Thank you Shabbir.
The pleasure is all mine.
Hi Shabbir,
I like your responses. That’s why i was able to reach the end of the page to ask you a question.
Few of my friends who trade heavily, they possess multiple trading accounts. Is there an advantage in keeping multiple accounts? or One account should be always fine.
Banshi, I don’t see a reason to be using multiple accounts but as tele callers you can have multiple accounts but I don’t use all of those accounts.
shabbir sir,can you suggest me some diversified equity MF schemes with low beta,which can give good returns in one year time frame ?
Sunil, I feel that you should read my ebook and find the fund yourself because I have very little information about your financial background, your risk appetite and lot more.
Hi Shabbir,
I’m sure you have read “Rule # 1 Investor” by Phil Town. He advocates the need for a lot of analyses before identifying a business (NOT stock) to purchase. The minimum ROI he looks for is 15% p.a.
How do the theories in his book differ from your e-book, “Understanding Charts”? I think the basic difference is that while Phil Town recommends long term, your choise is short term. Please comment.
Regards,
Prabhakaran
Prabhakaran, Phil’s and my theory does not vary a single bit. He is saying 15% p.a. and so roughly 1.25% per month and if you can get the same in a week’s time I become very impatient on booking my profits but if you are patient enough you can look for more. You see in one comments I have mentioned that in Nov I purchased Nestle at price range of 3700 and if I am making 10%+ on it I become very impatient and book my profit.
Also my strategy is never short or long term but I prefer to add the odds into my favor. If I see a very good stock fundamentally I don’t buy it if I don’t have the technicals in my favor.
Hey Hi,
I’m pursuing my MBA and now i’m doing my project on derivatives i.e minimizing risk and maximizing returns so i wanted to know that currently how much percentage of people are dealing in the derivative market means could you please help me out that from where i can get this detail and all the things related to my derivative project because comparison of derivative market with other markets is difficult without the particular source.
Please reply me soon
Not sure I have the source of data you are looking for.
Shabbir,
I need a software that can give me real time charts. Can u suggest me any?
I use InteractiveBrokers Trader Work station and I recommend using the software of your broker because it is not wise to be using one software for charts and some other tools for trading.
Shabir,
When I said professional trader I meant a full-time trader.
Which software and data feed do u use for technical analysis? Could you please recommend
any?
Vamsi, for becoming a full time trader you have to be confident about the markets and need to generate cash from the market. I will be a bit self promotive and will suggest you to read my book about Technical Analysis which should help you get the confidence about how to predict the market and enter into the right stock, at the right time and right price.
About the software that I prefer is the one by Interactive Broker’s Trader Workstation but I don’t recommend only that software and if you have a software which gives you charts should be fine.
Hi Shabir,
Do you think hitech plast is a good bet at currnt levels?? and how about colgate plamolive? since u’ve purchased it can u suggest?
Vamsi, Hitech is a good bet if you are ready to hold the stocks at least for full 2011 and to an extent in 2012.
Colgate is also a good stock if it does not break 875.
Hi Shabir,
I wanna be a professional trader. I have a demat account in Reliance Money. I have downloaded Metastock but couldnot find the data source of Indian stocks.. Could you please help me with that?
What is a systematic approach for becoming a professional trader? Is there any other better software to analyse and predict chart movements?
Thanks in advance.
Vamsi
i have realtime data and buy sell signal will automatic generate the signal
please see my blogspot then call me
earnbycharts.blogspot.com
I really really doubt on such automated signals Lalit. In fact I always doubt services which gives you thousands of rupees if you pay them 400 per month. If they are that good why don’t you use it yourself first and show the same on your blog.
shabbir ji sir i have automatics signal strategies is own make for ami broker not for metatsock this is very profitable
as u wish
i recommend only
Yes, things may work for some and may not for some but I only say that I don’t like those automated things. There are lot of things to be considered before even making a trade.
Vamsi, I personally don’t use Metastock software and so will not be able to help you with the functional aspect of that software. Now about your question to become a professional trader is a self proclaimed definition and nothing more than that. If you can understand the market you can trade well enough but not perfectly. I hope it helps.
Shabir,
When I said professional trader I meant a full-time trader.
Which software and data feed do u use for technical analysis? Could you please recommend any?
sir i got ur rply then what i do can i avrage this stock at current lavel
or sir can u tell me some multibagger stock for long trem
sir
i buy punj lloyed at 96@815 how’s future in 6 or 1 year
This is one stock which I hate the most for investing and the reason is it has not even performed as much as an FD could have in the last five years and not sure why anybody would even consider this. At any time Punj Lloyed is not even a trading play for you if you don’t know how to trade in it.
Yes I do trade in Punj Lloyed and if you understand what you are doing, it is ok.
I would like to know about your investment portfolio, name of stocks, purchase dates etc, I know its personal but as you say “If you want you can even ask what am I doing right now at this moment, so feel free to speak ask your heart out. I’m looking forward to answering them all.”
I want to get some lessons from experienced people like you.
Thanks
Hi Khalid, I already share the same here but a bit unorganized manner. I also thought that I will share my portfolio but then at times people tend to buy stocks which I have and that can cause problems because I am not providing live alerts that I have sold off the stock and so I don’t provide them. Now though I don’t remember exact dates of my purchase I do remember the price of the stock and so let me share with you my portfolio as of now.
1. HiTech Plast at 125 in November 2010
2. Nestle at 3690 in March or April 2011
3. TTK Prestige at 1700 in October 2010 have traded a lot in this and so not very sure about the date though.
4. Colgate Palmolive at 905 in last few days.
Its so nice of you. Thanks for sharing.
The pleasure is all mine.
nice blog for Stock market
your Blog is very helpful for investor in share market
Hey..thanx a lot for the responses….though rite now i m out of questions but guess seeing your experience n all..i may come up with some questions n shall trouble u again..n hope u answer most of them…anywys thnx plz do keep posting …n will be reading ur blogs/articles etc//
happy posting….Kalpesh Gajria…
Yes I will try to answer all those questions and do post if you have more questions.
ok..thanks for the quick response…Guess nobody is interested in asking you any questions..I shall ask you more…I know my questions are very silly and simple..but still asking…
You said you do Technical Analysis. How did you start seeing Technical as in the knowledge wise.
Also in Fundamentals what all things you look in to stock for you to make it sure or confidence to invest in it (I know this one can make a blog topic but still asking)
Can you share your experience about the fundamental long term stocks gone really good and why..
Thanks and appreciate your effort to give your time and answer my questions.
Kalpesh, people still prefer the contact form than to be using comment form to ask me but let me answer all your questions.
I have shared all my technical analysis I see in my book here.
For fundamentals I only see three things.
1. How well the company has performed in the past few quarters. Stress is on the word few and not 1 or 2 quarters.
2. How can company expand its business and can management handle it.
3. I don’t go for cheap stocks and don’t mind buying stocks which are costly because I think they are costly because they deserved to be costly.
I will definitely make few posts from your questions Kalpesh.
Hi,
I have been following u r write ups for a long time specially on stock market related. I want to know as to what is your source of income, as u mentioned you jus do lot of writings n bloggin etc. So wanted to know as to how u earn on online bloggin n etc.
Also on stock market related. How do you find a good stock for value investing. I mean what factors attract you to analyse the stock n invest in it for a long term perspective.
Thanks
Kalpesh, I knew this will be one of the question but I did not expect this question to be the first one but anyway I have answered this question on my IMTips blogs here. I am sure it will answer your question about how I earn blogging online.
Now about your second question on good stock to find on value investing. First let me tell you that I don’t find stock myself but it is my brokers and subscription that suggest me stock because I am not a finance guy. After I get the stock I use my knowledge of fundamentals and technicals to see if the stock can be of value to me and then I invest into the stock.
Now about the long term investing I prefer to get into stock which has good fundamentals but very good technicals. I think market movement is based on sentiments and technicals depicts the sentiments more than fundamentals and so I prefer technicals slightly more over fundamentals and invest in a stock. So I would say a good company with very good charts is what drives me into the stock.