Am I buying the right stock? Will the price of this stock go up? These are the questions that often keep investors in the share market engrossed.
Many people think that buying stocks from companies who have maintained goodwill and a decent performance in the share market in the past years are good ones. But there are more than just goodwill and decent performance in the share market before buying stocks. Sometimes emotional attachment towards a company or friends’ suggestions, even expert tips and comments let people buy stocks blindly in the stock market. Many new companies are now emerging in the market. So, how to decide when and which stocks to invest in and when and which stocks to sell
The share market is a gamble for only impulsive buyers, and for wise investors, it is a platform where one can make quick and easy money.
Whenever you buy stocks in the share market, just consider why you are buying a particular one at current price. Going by rumors about the lucrative aspects of a specific share may not always prove to be true. To verify what people say or what your share broker recommends, satisfy yourself by reflecting upon it and studying the EOD & Live charts / graphs of that share of which you are going to buy. It is safer to trust your own judgment because it is you who are to blame if it does not prove profitable; not others who suggested. While verifying the same, consider your profit limits by percentage points.
You can expect good profit limits from companies that have sustained their success record over time. Though risk is there in any investment, yet it is the stability factor that counts. If the company has a good stability testimony, chances of risk can be negated but first analyze your share on EOD charts then watch its live action on intraday charts & wait for breakout for confirmation & then enter with calculative stoploss. Because prices go up and down based on market conditions and getting updated on the proceedings of the market can be of great help to you. Even if the company has a good record; if in the current period the sector that it is associated with shows a downtrend, there are equal chances that you will be a victim of the loss factor. Hence, the importance of EOD & live charts cannot be negated.