Avoid these Mistakes for your own good !!
Panic
and make sudden decisions - You know that Stock
market fluctuates a lot. If the costs of your shares have plunged,
there is no reason there is no reason for you to get rid of them in hustle. Hold
on to them if nothing fundamental about your company has changed.
Buy huge number of shares in one stretch –
when
the market price of shares is going down, feel free to buy some stocks. At the
same time, do not invest big money. Purchase shares in Stages. Because no one
can time the market
Buy Stocks from one
concentrated sector – When it comes to stock market, diversification
of trade plays very important role in improving the reward and minimizing the
risk. So, make sure you are invested in stocks of various sectors.
Ignore
Expenses - When you buy and sell shares, you will
have to pay a brokerage fee and a Securities Transaction Tax. This could nip
into your profits especially if you are selling for small returns (where the
price of stock has risen by a few rupees).
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