Below are the excerpt from the interview...
Watch January 2011
Interview on CNBC TV 18 here..
- Buy
on rising markets and sell on falling markets.
- Do
not average in trading.
- Trading
is all about momentum.
- Don’t
try to predict every hour and day.
- All it needs to know is know the broad direction of trend. Learn to take loss.
- All
big moves start with small moves.
- You
have to lose many battles to win a war.
- Big
money is made in big swings.
- I
have made money in spurts. I have made money in some years and not all.
- My
real capital is 1 lakh, and all other is leveraged with me and my wife’s
assets.
- I
like to make investment when the stock is not popular.
- Only
100 in a 10 lakh traders make money.
- My
investment strategy is: entry value, constant review, and a perceived exit
value which changes with every review.
- You
cannot imagine the end result how big a company can become. It can become
bigger than you think.
- The
first quality in investors is that he should have optimism.
- My
risk appetite as an investor has declined over time.
- Highest
risk is in buying lottery ticket, because if you don’t win the lottery,
then you lose all money you paid to buy the lottery ticket.
The guidance given here was very useful to all traders. Thanks for sharing the informative article with us.
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