One Month Of Investing In The Shares
I started with investing in shares with a small tiny amount I had. I should say that my opinion and perspective on “investing in shares” changed as soon as I started investing. I was like making tiny mistakes while investing, but was getting better after that. And I was also getting confident about making some good money with it in the long term.
It all came as a surprise for me about some charges involved for selling when I tried selling shares for the first time. I didn’t get enough clarity on the charges. Then I had to call the brokers and get some clarification on it. I hope the charges aren’t much. And I’m still unsure about it.
I also want to do intraday trading, but I have no idea how to make a good profit with intraday trading. I’m actually trying to find out how people are making a profit with it. And I also want to try a simulation of intraday trading before trying it in real. Trying investment simulation actually helped me a lot, so I believe it will help me with intraday trading as well.
Warren Buffet’s teachings were useful. The diversified investing strategy that Warren Buffet remarked was of great help. I actually read some quotes of his sayings about investment. I should thank him for that and I hope it really pays in Shares.
I learned a lot of things about trading and investing, but not enough as it seems as if there is so much to learn. There are so many technical terms involved, which seemed different, but I’m getting better with it.
The whole game in trading seems to be about predicting the chart, whether the price will increase or decrease, and whether to buy or sell. While I was attending seminars online, there were people raising questions about losses, and how to file taxes in accordance with that. Many seemed to be having losses. That was a little upsetting to know about losses in shares, though I don’t know whether they have also made a profit. It appears like they had made losses in intraday trading.
There were so many people in the webinar session who had a question why did they lose money? How to make a profit? I want to tell them something, but that's not my place to answer or talk. And the question wasn’t asked to me. But I had the answer to their question. Before getting into investment or intraday trading, you need to know if it's for you. If it's for you, then the game is on your side and it might be a completely different game. If it's not for you, then you might have trouble. How to know whether trading is for you? Ask people, ask yourself, ask the correct people for the correct suggestions, and you might get better answers definitely.
I would like and need to do intraday trading. But before that, I need an understanding of intraday trading. It's not only about how to do trading and make a profit, which actually comes as a secondary concern. The primary concern is how intraday was brought into. Why was it used for? How does buying and selling on the same day make an impact? What’s the science behind it? It is like I want to have a different perspective on intraday trading.
Everything in investing and shares seems so odd to me. The terms, the charts, the analysis, and the orders. Investing and Trading is not something I preferred, but I believe it's something for me. As I started attending seminars and doing the investment, I felt much happy about investment and those who trade and learn along. So, I’m continuing investing and trading.
In continuation to my previous story, I would say Investing in shares is good and I would re-say what I said in my previous story to invest around 10–20% of extra money into shares. And added to that, always make sure whether share investment is for you and then start with the investment.
While trying to learn the charts and predict the prices, it doesn’t seem possible to predict pretty well. But everyone relies and emphasizes on the charts. I will have to learn plenty to understand how much it could be helpful. We will see.
Google Finance offers graphs, which could help you to understand how much the price increased or decreased during a particular time. Also, Google Finance offers news about the share companies which you follow. These factors are taken into consideration while investing.
I was buying some shares throughout the past month. Now, after one month, the price increase is more than 7%. Which means my profit is 7%. However, if I sell all my shares today, the cost associated with selling (charges involved) might be higher than the profits I make because I make investments in tiny amounts and buy just one or two shares from each company.
Now I would need more funds to invest. And I might make a pretty good profit in a year of time.
I’m also making sure that I’m buying shares from companies that are doing financially well, which means they are making some profit in the past years. These companies constitute 90% of my portfolio. I’m also buying shares from a few companies which aren’t doing financially well now, but they might do well in the future. Such companies constitute 10% of my portfolio.
I’m also intending to buy and sell shares in a profit-profit scenario. I’m intending to buy shares where the seller gains profit from me. After I sell the shares I gain profit, and the person who buys from me continues to make a profit, which means I buy and sell shares that could possibly do better in the future. This is a profit-profit scenario I intend to do.
I hope it will be of great profit and use to everyone involved in the trade. And I hope this story was useful for every one of you. Happy Friday everyone.
