my experience about investing part II

we should know our weakness.and strength

a)invested for long term and sold of in the short term.

b)invested to receive dividends,the company vanished after paying dividend for two years.

c) invested on reports of brokerages and anlysist,little did i know the analysist comeon telivision after the prices have accounted the story they are narating.

d)when the market falls it falls very steeply.when is rises it rises very steeply.i generally comeout on profit making stock at 15 or 29 % gains.loss making stocks i wait and wait and wait till eternity.

e)i would not upgrade my knowledge about techincals of the stock market.

f) i would read the rousy picture in the balance sheets and the sweetly worded reports and plans and forward looking statements in the balance sheet.the management never performs what has been written in the balance sheets.they were only lip service.ho i am sorry only for your eyes written words.

g) i beleived the projections in the prospectus.well some charteredt accountant who is paid to show the given profits prepared the project report and projections.

h)i went on and believed the down grades and upgrades in the rating by rating agencies.this people talk in two ways.they are very impulsive at times and react very fastto certain events and at times forget about the company and do not change there ratings for years together.

i) i am eternerly bullish..when the company is having huge capex and the profits for the next few years would be down,the big funds cash out of market and i am waiting eternally the profits would rise this year.my carrying cost keeps increasing.

j)i believe in forward looking companies which have plans huge ,which would be in the coming years.i prefer to ignore companies in the same segment which have carried out project and maing profits.example r power is blue chip in th e waiting. NTPC is already making profits..so i like to wait for the unhappen to happen.

k)well do i cash out when the markets are rising and have already rised beyond your expectation,ho no i am still greedy an dwant more..well i believe the bubble would never burst...well it did so many times.

l) i allow my broker to bully me and i sign at 48 places because i want to trade in the stock exchange.they call it kyc.sebi dictate.

m) i do not take tax comcessions and capital gain tax rules and regulations when i am trading.how does it matter if i hold for a year and the profits is tax free.under current regime of taxation.

o) i allow my operating cost to rise abnormally by frequent trading an d the chances of my making money in th estock market on day trading is less then 20% because of the software design.

p) i like my profits,and i say i am a long term investor when it comes to booking losses.the loss are not booked and the losses are there.i want to fool myself.

q) i never question the action of regulators.the stock exchanges they may be short changing me by absurd penalties,auctions.and various regulations which are uncalled for.

r) i am braging the song of profitable trades and put the loss making trades under the inside of my heart and never every talk about it it would spoil my reputation.

s) stock exchanges have become a den for speculators,they have become th emordern day casinos.and i brag all the time i am a investor.sebi is taking steps to protect investors.we have strict regime,controls.risk management.online survillance.

t) i am never on time for the trades when it starts .

u) uncertainies the market does not like,i too do not like uncertainities,every one else sell and sleeps tightly..i am optimist,long term investor,i believe uncertainities would die a natural death over long run.so i do ont indulge in short term trades.i loose opportunity abundant.every scrip reacts on a avearge considerable every month.do note the highs and low within a month and you would know .

v)very good keep it up volatility is not for me..i am a long term investor..

w) weighing one company against the other company is not my way of investment.i am a invetor in ipo and i do not bother if other companies are available dam cheap in th e market.i enjoy the fact that i like to fill forms and wait for allotment.

x) the x factor works in the market,the market is changing every day..every second but i never change my opinion,i do not do adjustment to my opinions.i do not adjust my expectations.i do not read the trend.i am a long term investor.

y) yeilds and return on investment is not my cup of tea.who is interested in doing the hard work of calculations and aplying myself on papers.well i am a luck fellow if i make money and a unlucky one when i do not.i made all my money by luck.

z)let me say i will be back again with part III and part IV.