My Latest Playground
Stock Markets !
Yep. I've decided to help out the troubled Indian economy by lending a helping hand. And I've been putting my money into stocks that are going from red to 'redder' :-S
But then, this is turning out to be a great timepass (if it could be called that...) Nothing like throwing your bucks into thin air and seeing them vanish. BSE and NSE have become such good friends of mine, that a market holiday leaves me bored, with nothing to do :-D
Along with operating a demat account comes the most important aspect of investing - reading and researching. Moneycontrol.com helps me control the outflow of money. Economictimes.com gets its share of time as well. Then there are fellow traders (Gasper, Bin etal) whose red-redder-reddest profile stories keep me inspired. The market "guru" of all times, Dipu has now stopped helping the Indian economy. Sad state of affairs :(
There are self-proclaimed market analysts - the kinds of Udayans, Sukhanis - who are always busy giving tips and predictions. Some typical lines "Sensex to remain flat today", "Nifty to open lower", "Euro fate to decide market movements". They seem to be right most of the times. Is that the "Probability Theory" at play ? Who knows..
There are these statistical games that I dont understand too much - the candlestick pattern, the 30-day moving average and jargons like that. I would blame it onto the BTech curriculum for not including Statistics into the course line. (Or was it part of the course ? I really dont remember ! )
Reading through news, and having seen a lil bit of markets over the past 5-6 months, I've started coming up with my own predictions. Take this one for instance "Sugar stocks are beaten down, but will be a good long term bet". Nice one, huh ? :-P
One smart thing I've done is to diversify the portfolio to a decent extent. So there is automobile, metal, IT, oil, telecom - all of them balancing the anvil. When one sector goes southbound, there is someone else going green and keeping the overall picture pleasant. During bad days, everyone goes down, and its "red" all over..
Going green has new meanings to it. The greener, the better :-)
Yep. I've decided to help out the troubled Indian economy by lending a helping hand. And I've been putting my money into stocks that are going from red to 'redder' :-S
But then, this is turning out to be a great timepass (if it could be called that...) Nothing like throwing your bucks into thin air and seeing them vanish. BSE and NSE have become such good friends of mine, that a market holiday leaves me bored, with nothing to do :-D
Along with operating a demat account comes the most important aspect of investing - reading and researching. Moneycontrol.com helps me control the outflow of money. Economictimes.com gets its share of time as well. Then there are fellow traders (Gasper, Bin etal) whose red-redder-reddest profile stories keep me inspired. The market "guru" of all times, Dipu has now stopped helping the Indian economy. Sad state of affairs :(
There are self-proclaimed market analysts - the kinds of Udayans, Sukhanis - who are always busy giving tips and predictions. Some typical lines "Sensex to remain flat today", "Nifty to open lower", "Euro fate to decide market movements". They seem to be right most of the times. Is that the "Probability Theory" at play ? Who knows..
There are these statistical games that I dont understand too much - the candlestick pattern, the 30-day moving average and jargons like that. I would blame it onto the BTech curriculum for not including Statistics into the course line. (Or was it part of the course ? I really dont remember ! )
Reading through news, and having seen a lil bit of markets over the past 5-6 months, I've started coming up with my own predictions. Take this one for instance "Sugar stocks are beaten down, but will be a good long term bet". Nice one, huh ? :-P
One smart thing I've done is to diversify the portfolio to a decent extent. So there is automobile, metal, IT, oil, telecom - all of them balancing the anvil. When one sector goes southbound, there is someone else going green and keeping the overall picture pleasant. During bad days, everyone goes down, and its "red" all over..
Going green has new meanings to it. The greener, the better :-)
posted by Rat at 10:12 PM
1 comments
