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We should invest where we are fairly certain and have the highest conviction, were after selling or part profit booking a stock, it haunts us for days as to why we sold.
Bucket is not a substitute, its a contra to building conviction !!
@Passion8Invstr @Mridulsomani2
Bucket is not a substitute, its a contra to building conviction !!
@Passion8Invstr @Mridulsomani2
Patience is another virtue the importance of which cannot be denied
Koi 6 mahine pehle chalega, koi 6 mahine baad. Important is to have patience which cannot be without conviction which cannot be without reading & trying to know as much as possible
Never time your convictions !
Koi 6 mahine pehle chalega, koi 6 mahine baad. Important is to have patience which cannot be without conviction which cannot be without reading & trying to know as much as possible
Never time your convictions !
E.G Aarti Drugs we caught at 450, Alkyl Amines at 600 and Navin Flourine at 670
AD we lost patience after 1 year and sold it at 600
Alkyl we sold it at 800 when it was consolidating between 700-800
Navin fell to 580 after we bought, got scared & sold it when it came back to 670
AD we lost patience after 1 year and sold it at 600
Alkyl we sold it at 800 when it was consolidating between 700-800
Navin fell to 580 after we bought, got scared & sold it when it came back to 670
Going back and analysing - Patience and building conviction is what we lacked
Another important virtue is not be anchored to price. Paushak we were researching and decided to buy at 1300. It rose next day, we didn't buy and we never could get onto it !!
Another important virtue is not be anchored to price. Paushak we were researching and decided to buy at 1300. It rose next day, we didn't buy and we never could get onto it !!
Another important virtue is Focus on what the business you hold is doing, not what other stocks are doing.
If the bride is beautiful it will find a suitor, its just a matter of time.
If the bride is beautiful it will find a suitor, its just a matter of time.
Some of the business We hold what we call as "Maruti mein Ferrari ka engine laga diya hai" !! Jab daudega Ferrari ki speed se daudega and not Maruti !! Identify such stocks, it just takes some common sense !!
What we try to avoid is what we generally call as multiple pullers acting independently. Even though one pulley is trying to pull the business forward, some other pulley is trying to pull it back !! The chances of investment success in such business reduces or gets limited !!
We did identify many multibaggers in past like CERA at 300, Garware Tech at 50, SRF at 300, GMM at 450. We are up 2.25 times from covid lows on a PF level and we haven't booked or part profit booked any of the 9 core stocks we hold !!
@Passion8Invstr @Mridulsomani2
@Passion8Invstr @Mridulsomani2
One thing i have personalized in life is always count your mistakes and ignore the successes.
Galti ki hai to kaan to pakadna padega.
Has kept me level headed !!
Galti ki hai to kaan to pakadna padega.
Has kept me level headed !!
Lastly, always focus on good management.
I would bet my money on the management who is trying to do one thing right rather than on someone who is trying to do multiple things.
The odds of investing success increases when you invest in the former !!
I would bet my money on the management who is trying to do one thing right rather than on someone who is trying to do multiple things.
The odds of investing success increases when you invest in the former !!
