2008-2009 was considered one of the most difficult year for equities but I probably quite a bit of profit in this past 6 months. I am very bullish on DISH TV for almost last one year now and I have been investing over a longer period of time in DISH TV now.
I started investing more In Aug 2008 and I bought 10,000 units of Dish TV at an average price of 19.92 ( including brokerage ) and then the stock hit a bottom of 12 but I had a stop loss of 8 and had the investment time frame of 2 years and a target price of 40 – 50.
I am attaching some screenshot of DISH TV Purchase. Note that
- Screenshots are only of those days where I have purchased only DISH TV.
- I have not included the sale screenshot because I am still holding most of them.
- I have tried to show the quantity and Gross rate in screenshot as well as the date of purchase
Purchase Date : Oct 20 2008
Purchase Date : Nov 12 2008
Purchase Date : Jan 13 2008
Now many people would argue that only people shows good looking screenshots and not the ones where they make losses. I would say when it comes to investing in Equity I also make losses no doubt but the above screenshots has also a second viewpoint. Oct – Dec 2008 was considered as the worst months in the equity investment arena and so if you dare to invest in that time frame you can really make some good money and I did that and so I am showing as of now to inspire people.
Now my first target of range of 40-50 is met and now I am offloading the investment to an extent as well as holding on to them to the next target of yet doubling the money.
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{ 8 comments… read them below or add one }
You seem to be a very intelligent man I must say.
Hi,
How are you buying & holding for such longer time?
I am using 5paise, india infoline trading terminal. It doesn’t allow me to hold any securities such a longer time. Most of my securities were sold by so called their Relationship managers brutally.
Regards,
Karthik
They cannot sell it without your permission and if they do so change it to much reliable broker.
Karthik… it is not like that… I am also using 5paisa from India Infoline… But it has not happened to me since the last 1 and half years that I have been with them and there are some stocks that are in my portfolio for more than a year… You might have not cleared on the Debit amount in your account. In that case they have the right to sell off the excess units that are in risk…
Amandeep,
If that is so, I like to put forth my concerns, on that software how it is tougher for a beginner ( past 6 months, I have been using) to understand the functionalities.
* I must be convinced of this 5paise terminal software gives option to choose cash or margin based Buy orders before placing it.
* If cash buy orders are chosen and traded, it should atleast pop my a message, to switch to margin trading if there is insufficient cash amount.
It was pathetic and horrible experience I got through that broking form, without my knowledge so called RM was trading on my account & continuously booking Loss Rs2500 per day.
After making written complaint, made me to cry and run behind them, escalation went upto Mr.Nirmal Jain, who is not bothered to take action for 1 month.
Within this 1 month, all my capital amount was vanished. Left over with empty place, when another RM was assigned to my a/c.
My closest guys say, it is all my bad luck and their Good days!
This is what my good experience with this broking firm.
With smiles,
Karthik
hmmm…. I understand…
I havent faced these difficulties as I have never tradecd over-limit to when there were no fumds in my account…and the concern you mentiond; that is an issue … which according to me you should write in a written complaint to the consumer forum, India and also put in the whole case in written to SEBI… Really man… withour your consent nobody can trade on your account… not even your RM… as he has been doing this when you incurred 2500 loss… he was still making money as a part of the brokerage goes to the RM as a commision… So, you should not just let it go… register a complaint… and you will surely get justice for the harm casued to you…
sir
i need one year holding tops stocks i prepare to invest 1 lac
kindly giveme u r sugestions
thinking u
tammineni, follow the blog as I do not prefer to talk about stocks but I talk about how to select stock