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You should learn from My Early Mistakes in Stock Market Investing
Back in 2016, when I opened my trading account with Zerodha, I did my beginner’s research on Moneycontrol to find stocks to invest in. Then, online gurus started suggesting daily tips and I followed them blindly with greed.
Mistake#1 Investing in the stocks they suggest. Never ever believe them. They are paid to lure the retail investors.
During that time, I was on and off with investing in equities while working full-time. I ended up losing close to INR 42K, which was a significant amount for me. I then took a step back for a few months to gain a better understanding and knowledge of equity investing.
Then I stepped back for a few months to understand and earn knowledge in investing in equities.
starting from April 1st 2017 to Dec 31st, 2017 Below is the result. Profit is around 25K. Though the profit is less, I learnt valuable lessons by losing the 4 trades(red symbolizes loss in the heat map highlighted)
My takeaway from 2017 trading:
Lesson#1: Always conduct preliminary research about the basics of the company owners and directors…
