Sunday, September 05, 2010

Introspecting and celebrating victories

I have been writing this blog since Oct 2006. Indian market, Indian economy and my knowledge of TA evolved hand in hand. Made some money and lost some money. But all in all it has been an 'enriching' experience, both financially and emotionally.
This blog is a record of my thoughts on stocks, charts, Indian economic environment, politics,governance and what have you. When I read my old articles I find a link and that gives me perspective for the future. The record helps me beat the flaws of my short term memory and gives me a long term outlook.
So which stocks did turn out to be winners? Did they display their potential in the charts? Could they have been spotted and held on? Similarly were there some doubtful candidates, not trustworthy? Could they have been spotted? Did they also show signs of trouble before the trouble erupted?
The answer is a resounding 'Yes'. Both good and bad stocks did show signs of their potential for growth or for trouble well in time. This has well been recorded. Sticking to the good ones for long term and weeding out the bad ones early enough ( and definitely not averaging them in bad times) was the foundation that created wealth.
The examples of good stocks are HDFC, HDFC Bank, L&T, SBI, ITC, NTPC, Petronet LNG.
The examples of poor performers are Reliance Communication and Reliance Power.
We can check this out from my earlier posts in this blog.
So lessons have been learnt.
Stick to good management team, look for a diversified business group banking on India's growth sectors and stay invested for the long term. 
Investing can not get easier than this.
Short term trading, TV analyst views, stock tips... a strict No No.

rgds
Vibhas

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Investments in stock markets is risky. Information and advice is based on technical analysis and is provided without any liability (financial or otherwise).

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