My Typical Stock Market Journey

My stock market journey is like the 12th fail movie story, I started my journey in the year 2018.

My 1st Investment:

Initially, it was a little exciting to invest in the stock market after seeing the + & – of our funds in just seconds. It attracted me over a period and forced me to invest more and more.

So, I invested 30000 rupees in Yes Bank after the stock collapsed, and my portfolio went red since the bearish run was not completed.

I wanted to fight with the market and I dumped more 70000 rupees (20000+20000+30000) to average the share price.

At last, I sold these 1 lakh worth of shares with a profit of 28000/-, the whole process took around 10 days.

1 Lakh Investment – 10 days – 28000 profit

Suddenly a fool came out of me and started calculating

1 lakh + 10 days = 28000

1 Lakh + 30 days = 84000

10 Lakh + 30 days = 8,40,000

10 Lakh + 1 Year = 1,00,80,000 (Without compounding)

So, I thought I could become a billionaire within 2-3 years.

Interval…

In the second half, I started searching for successful people in the stock market who made huge money.

Surprisingly there are more losers than successful people. I thought there may be an unknown risk that I had to identify.

So, I want to experiment with the same stock (my lucky stock YesBank)

I started buying and selling, buying and selling multiple times a day.

I used to sell when it goes a little green and average when it goes bearish.

This was my daily routine for a few days. Then that day arrived!

Yes, you are right!

That day came after buying shares with all my capital the market suddenly went down and my portfolio became huge red.

I have left with no money to average the price.

So, I thought anyway the market would get reversed, I have to wait for 1 or 2 days to recover my losses,

So, I started waiting.

Waiting, Waiting, Waiting, Waiting…

I lost patience and the stock price is still going down.

That day my total loss was around 46000/-, So, I decided to sell the stocks.

My calculation was that initially, I got 28000 profit, so my net loss would be

46000-28000=18000

It’s ok, I accepted the loss & sold my shares, and relaxed.

Learning

Whatever happened was happened, now I have to learn everything about the stock market, I decided!

The first video that I watched was from Rachana Ranade Madam’s channel titled “Basics of Stock Market for Beginners”.

The video was about 1-hour duration, after watching that full video, I certified myself as a fool. And also I thought that I was lucky enough to come out of the stock market with just 18000 loss without knowing a damn thing about it.

It was like I kept my hand in Tiger’s mouth when it was sleeping and came out without losing my hand.

After realizing the self stupidity, I learnt everything about the stock market for about 6 months and started trading freshly.

Part-II to be continued when I am free…