Thursday, July 31, 2008

I didnt purchase stocks

Today I came to the office early in the morning.

Today I decided to buy 100 stocks of Tata Power on margin. I had seen the global indices and it were positive.

But after 10-15 mins I came to know that their is no electricity in the office and machines are running on UPS. Their are very less chances that electricity will come early. So I canceled my plan to buy stocks as I will not able monitor if market is going UP or DOWN.

After some time Nilesh came to the office and he purchased BHEL, Adity Birlas More and Tata Steel. He told me that these companies are going to declare their results.

And in the evening he told me that he earned 900 Rs.

Any ways I am not feeling sorry for my move, but I am happy that I took right decision. Market is not a blind game and should not be played on luck. It was his good luck that he earned money.

Wednesday, July 30, 2008

A good day to recover from previous losses

Today market was green despite of CRR and repo rate hike, so I thought its a good time to exit from BHEL and recover all losses.

So I logged in reliance money, and clicked on Equity->Trade. Their I put stock name, limit price and quantity. And clicked on transact button. Then a confirmation pup-up came, without reading details I clicked on Ok button. And to my surprise I forgot to select Sell option and I purchased BHEL on higher price.

To recover this mistake I immediately sold those stocks with a profit of 8 Rs. per stock. Thank god I recovered from this mistake.