Ever since I started in the stock market which was way back during my engineering its been a rocky ride, with lots of surprises... You can get rich or poor in just a day... And for one thing, nobody can predict the market just like "Life"! There are a million parameters you have to consider before you buy a stock and hence good amount of research is required before you make your pick...
For beginner's in the Indian market -
Get a brokerage account which charges less commission such as india bulls, india infonline - 5paisa or sharekhan
Create portfolio on moneycontrol.com
Check out rediff money for stock updates
Read Economic Times
Panchakarma of Investing:
1. Don't put all ur money in one stock. I recommend keeping 3 stocks at any point of time. Keep your portfolio small.
2. Don't bleed - Cut down your losses before it is too late! Sell a stock if it goes down by 15%. And the loss will be a good lesson learnt!
3. Don't be greedy - keep a min and max profit margin before u actually buy.
4. Buy stocks which have long term growth and look for small companies that might turn big - when demand increases so do profits!
5. Don't invest when market is trading is at an abnormally high valuation - Wait. After a high there will be a fall!
What you do is what you get!
-Panchakarma ;-)
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