Disclaimer: This is written purely on my personal experience as an amateur stock trader, any additional information or correction can be added in your suggestions.
I started to learn share trading only to make some extra money with my small investment ( in way to make the idle money to work for me )
As my investment is a small amount from my own pocket, I could only take the risk of losing what I can loose.
So to try my hands on stock trading, I decided to learn the basics of the stock market.
Learn how to invest in stock market
After acquiring the basic knowledge, I opened a trading account and learned all the functions of the interface.
And my next thought was, what shares to buy ???.
For that I started speaking to people who is already doing share trading and kept my ears open to get some gyaan.
After a few rounds of listening and self-research, I wrote my aim, like what I would like to achieve with share trading?. ( because this is very important, you want to be an overnight millionaire??? you should try your luck with the lottery)
These were the two goals I set before starting my share trading.
Based on the market news, I picked a few stocks to start trading. When I say trading I am not going to do like some fancy share market guy thing. All I am going to do is buy shares when it is at a low price and sell when it hits a higher price of 10% or more.
These are some of the shares which I decided to buy and sell as an amateur stock trader. I chose some good companies with good financial foundations so I keep my risk minimum.
After selecting these shares all you need to follow the market, that is analyze the share price, and buy them when hist the lowest rate. ( do your own analysis)
So here I decided to buy and sell, like normal trading and nothing fancy ( like FNO, Intra trading, and NIFTY )
Patience is something which is very important in every task, be it a business or something you want to learn, it takes some good time. Enjoy the process of learning and don’t expect instant results. It’s not magic to happen in one day ( there are some exceptions).
Buy a stock and set a price for yourself to sell, and sell the stock when hits the desired price.
Appreciation of stock value depends on many factors like market conditions and general sentiments in the country. So wait for the right time to reap your benefits.
Trust me it is better than keeping your money idle a savings banks account.
See an example of my amateur trading.
Stay tuned…