i have read buffet's investment strategy, benjamin grahams first book, peter lynch's strategy and of intelligent investors who re members of this forum.
i can summarise it as:
1. buy only when you can find something worth buying.
2. time and not the timing is key to success.
3. concentrated holdings for maximising gains.
4. buy something which you understand.
5. buy at max pessimism and sell at max optimism.
anyone who can follow this will make money.
i have lost a lot of money earlier (and losing even now) just because i couldn't control my "greed" at times.
most of us often buy at wrong times the wrong stock just because we fear that we might miss the bull run.
and if a slide starts then we sell at wrong times out of fear.
so if fear and greed are driving our behaviour in stock market we will end up being a loser.
so Emotional intelligence rather than IQ matters more in this field.
can any of the senior member(basant ji, kulman ji, omshivaya ji or reetesh) tell me how you control these emotions of yours.
i am workin on it but often fail
Edited by tyler_durden - 07/Nov/2006 at 6:37pm