Everybody is talking about Mr.Rakesh JhunJhunwala......but, nobody listens to what he says..I respect and salute his confidence / patience and in making his own decision irrespective of Market Condition.......Finally he has achieved all the way from 1989 to till date and created massive wealth as a Investor and as a Trader..
Buy Right and Sit Tight.....if you want to make real wealth creation in this Market..
But, what are we doing ?... always we trade for small profits and say ourselves as a very good trader. Finally, after spending so much of time, we make negligible money by putting more efforts sitting in front of system 24 x 7.
Ask yourself in last 4 years...
How much you have earned ?
How many trades and how many scripts you have entered / traded ?
How much percentage you have made profit on your Investment ?
Have you followed a single system all the way in this last 4 years ?
Market has moved from 4300 level to 9100 level...what have you achieved ?
If the answer is negative, Think !
What mistake have you done ?
Why you didn't identify the stocks which gave the opportunity to Invest ?
If you don't have Answer. Forget the past.
Atleast in the next move, sit in the right stock and allow your investment to grow...
Let us see an example what happened in the previous run...........................
Take the Script "YESBANK" (There are plenty of scripts..we selected because it is an Index Script)
"YesBank" formed a bottom in January 2012 and has given solid Opportunity Wealth Creation Investment "BUY" in February 2012. The Journey started from there and till running in the same pattern. If Yesbank breaks and get close below 750 on Monthly basis, one should book the profit and exit. This is the way one should accumulate wealth side by side in the long run, apart from your regular Trades..
Yesbank Analysis Below.
So, from now onwards change your trading style for the growth.
After market correction gets over, we will identify one script, which forms bottomed out and ready for reversal. Not a trading Call.
Till then Think ! ! Think! ! ! Think! ! ! !
The above information is only for sharing our experience and knowledge. not to force anybody to follow our rule or guide to investment. Also not a trading Call..
Take Care..