CSE is not casino

Wessa123 · 1 CSE is not casino Mon Sep 08, 2014 7:45 pm

Wessa123

Manager - Equity Analytics

Posts : 144
Equity Stars : 3896
Reputation : 1
Join date : 2014-09-07

I see many post asking " how can I make 50% in 1 month Or double the money in 3 months " this is natural for most new comers , need to be careful and have patience . Iv been trading for a long time and had burn my fingers in 2011 , PCH @ Rs 21 now .30 cents Very Happy

It's look like we are heading for a 2011 run but good thing now it's selected shares are moving . You never know so be careful don't burn your hard earned money + only use money that you have in hand .. Cheers

D.G.Dayaratne · 2 Re: CSE is not casino Mon Sep 08, 2014 7:56 pm

D.G.Dayaratne

Senior Vice President - Equity Analytics

Posts : 2035
Equity Stars : 8880
Reputation : 57
Join date : 2011-12-13
Location : Kotte

I do not think stock traders in belong to that category now

But their may be some exceptions. They also will understand later

nickjava · 3 Re: CSE is not casino Mon Sep 08, 2014 9:43 pm

nickjava

Manager - Equity Analytics

Posts : 181
Equity Stars : 3936
Reputation : 7
Join date : 2014-07-18

I know some who still pay for loans they have taken to invest in 2011 and burnt their fingers. if you want to be millionaire it takes bit of time Smile

windi5 · 4 Re: CSE is not casino Mon Sep 08, 2014 10:11 pm

windi5

Moderator

Posts : 1549
Equity Stars : 8033
Reputation : 157
Join date : 2011-05-21

But casino money is there.

Roboticfx · 5 Re: CSE is not casino Mon Sep 08, 2014 10:55 pm

Roboticfx

Senior Vice President - Equity Analytics

Posts : 1858
Equity Stars : 8071
Reputation : 131
Join date : 2011-07-16
Location : 5° 55'N - 9° 55' N and 79° 42'E - 81° 52E'.

Even intelligent casino players don't put bank loans into that unlike some of our traders do. I've been also introduced CSE as a place of fast making money, like a money generator and so much blah blah.....
To understand the reallity, need to get burnt some money.

windi5 · 6 Re: CSE is not casino Mon Sep 08, 2014 11:01 pm

windi5

Moderator

Posts : 1549
Equity Stars : 8033
Reputation : 157
Join date : 2011-05-21

Roboticfx wrote:Even intelligent casino players don't put bank loans into that unlike some of our traders do. I've been also introduced CSE as a place of fast making money, like a money generator and so much blah blah.....
To understand the reallity, need to get burnt some money.

he he experience is the mother of wisdom.

Market R · 7 Re: CSE is not casino Mon Sep 08, 2014 11:38 pm

Market R

Assistant Vice President - Equity Analytics

Posts : 807
Equity Stars : 5946
Reputation : 34
Join date : 2014-05-26

Good advice Smile

I can tell you can get a better profit than one year FD at current intrest rate. If you open a FD you will wait until end of the FD time. Why cant you wait like that in CSE?

stockback · 8 Re: CSE is not casino Tue Sep 09, 2014 1:59 am

stockback

Senior Vice President - Equity Analytics

Posts : 2945
Equity Stars : 9124
Reputation : 61
Join date : 2012-02-19

Market R wrote:Good advice
I can tell you can get a better profit than one year FD at current intrest rate. If you open a FD you will wait until end of the FD time. Why cant you wait like that in CSE?

Agreed. If you invest money looking at a- least P/E, NASP......
some simple matters.

but you will make more than 50% per year. you have to wait and pick right stock.
don't rush(collecting). if you rush maybe you will loose.

Pethi · 9 Re: CSE is not casino Tue Sep 09, 2014 5:31 am

Pethi

Senior Manager - Equity Analytics

Posts : 450
Equity Stars : 5777
Reputation : 72
Join date : 2013-07-26

You should have your own rule of thumbs.
Don't break your own rules.

Mine in nutshell

If something goes wrong how would I recover the money?
Do I have extra cash in hand to average down?
do I have another counter with profits to sell and recover loss?
what is my target price?. (no matter what happens, when the target is achieved, I should sell it.) What is my stop loss?

Do I understand the business? micro/ Macro level?
or is it a gamble? if it is a gamble, I have another set of rules...
et etc etc etc

have your own rules and stick to them. don't listen to day dreamers and fortune tellers.

soileconomy · 10 Re: CSE is not casino Tue Sep 09, 2014 7:12 am

soileconomy

Senior Vice President - Equity Analytics

Posts : 1505
Equity Stars : 7699
Reputation : 45
Join date : 2011-02-20
Age : 46
Location : Nebraska

Pethi wrote:You should have your own rule of thumbs.
Don't break your own rules.

Mine in nutshell

If something goes wrong how would I recover the money?
Do I have extra cash in hand to average down?
do I have another counter with profits to sell and recover loss?
what is my target price?. (no matter what happens, when the target is achieved, I should sell it.) What is my stop loss?

Do I understand the business? micro/ Macro level?

or is it a gamble? if it is a gamble, I have another set of rules...

et etc etc etc

have your own rules and stick to them. don't listen to day dreamers and fortune tellers.

Excellent