Saturday, May 6, 2023

Why Write A Blog?

I would mostly document the strategies and concepts that I learn and implement, by reading books, articles and watching videos. That's the goal. I believe it would help me create a discipline, which would keep me motivated to learn more about markets. 

Although, I am relatively very new to markets, I have been interested to try my hands with equity for a long time. I think anybody who starts exploring this arena does get excited with the wide range of opportunities available for both trading and investing. I started my journey in the markets in a systematic manner since August, 2022. Earlier before that, all I knew about markets was from the finance club that was around the campus; although they claim to be an active club, they barely conduct any events. Ironically, one of the founding members of the club hadn't even tried anything at all in the markets, apart from doing a few coursera courses. In those days, I just used to look at stocks once in a while. I remember that I used to look at TATA Motors quite frequently, since it was a hot stock back then among the few of the people in college who used to buy and sell stocks. "Bhai, TATA Motors upar chala gya", "Maine TATA Steel kharidi aaj", there was some real excitement among people while discussing about their stocks. There were also some friends who used to trade Banknifty options. However, back then I was totally away from markets. I put in my money first in a few stocks, out of excitement, since my amateur father used to send me screenshots of how his mutual funds, stock portfolio had been stonking. So, I saved up some money and put them in mutual funds, because they seemed to be safer given I have absolutely zero knowledge about picking stocks. 

Anyone who has been in markets for long, would know how the benchmark has performed since 2021; a literal rollercoaster. Many of my friends said, "sahi waqt mein ghusa hai markets me", as they implied it's a good time to invest. Towards the end of September, I was in my sociology class where I saw one of my friends, who is now placed in a HFT firm, pondering with his portfolio. We are great friends, apart from common interest for markets; both of us run a alt account on Instagram where we make or post memes. That day he showed me some of his stocks which had given him good returns, if I remember right, some of them were NDTV and Adani Wilmar. "Bro aaj Wilmar 5% upper circuit", said one of the friends in class. I didn't understand circuits back then, although I assumed that it is something good given they were really happy discussing it. Hindenburg Research hadn't hit the conglomerate till then, so "Growth with Goodness" (GWG) was very much surging up. The GWG company, also got me putting in some money in it, although I did sell my shares the day after the Hindenburg report was released, before the fallout happened. I had this general belief that before the 2024 elections, nothing too bad can happen that can cause any kind of major breakdown in the Adani stocks. 

As of now I'm in loss, partly due to trading. Although I am learning about it, and have an aggressive plan for summer. I would try looking into how commodities trading work, and more about equity through books and courses I found. I will post my next blog based on my learnings soon!












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