Free bse nse stock tips on mobile by sms
Free bse nse stock tips on mobile by sms
Free Stock Market Trading Tips and Recommendations on Mobile by SMS and Free Wealth Management , Mutual Funds, Life Insurance, Bonds, Post Office Schemes and Small Savings
StocksCommoditiesMutual FundsInsuranceMembers AreaInvestor SchoolQuick Links
Free Wealth Management advice on Mutual Funds, Insurance, Bonds, Post Office Saving Schemes and Small Savings
Free Wealth Management advice on Mutual Funds, Insurance, Bonds, Post Office Saving Schemes and Small Savings
   

   
Free Wealth Management advice on Mutual Funds, Insurance, Bonds, Post Office Saving Schemes and Small Savings
Free bse nse stock tips on mobile by sms
GURUKUL
TRADING MANTRA - The Basic Rules of Trading
TRADING PRINCIPLES - Zurich Axioms
TRADING PITFALLS - 10 Common Trading Mistakes
Day Trading
Fundamental Analysis - Analyzing Balancesheet
Technical Analysis
Understanding Derivatives (Futures and Options)
INVESTOR PROTECTION

Investor Grievances

Rights of Investors
Dos and Don'ts for Investors
Safeguards for Investors
Download BSE Complaint Form
TRADING PRINCIPLES - Zurich Axioms
Max Gunther set forth basic trading principles called The Zurich Axioms:
On Risk
  1. Worry is not a sickness but a sign of health if you are not worried, you are not risking enough.
  2. Always play for meaningful stakes if an amount is so small that its loss won't make any significant difference, then it isn't likely to bring any significant gains either.
  3. Resist the allure of diversification.
On Greed
  1. Always take your profit too soon.
  2. Decide in advance what gain you want from a venture, and when you get it, get out.
On Hope
  1. When the ship starts sinking, don't pray. Jump.
  2. Accept small losses cheerfully as a fact of life. Expect to experience several while awaiting a large gain.
On Forecasts
  1. Human behaviour cannot be predicted. Distrust anyone who claims to know the future, however dimly.
On Patterns
  1. Chaos is not dangerous until it starts to look orderly.
  2. Beware the historian's trap it is based on the ageold but entirely unwarranted belief that the orderly repetition of history allows for accurate forecasting in certain situations.
  3. Beware the chartist's illusion it is characteristic of human minds to perceive links of cause and effect where none exist.
  4. Beware the gambler's fallacy there's no such thing as "Today's my lucky day" or "I'm hot tonight".
On Mobility
  1. Avoid putting down roots. They impede motion.
  2. Do not become trapped in a souring venture because of sentiments like loyalty and nostalgia.
  3. Never hesitate to abandon a venture if something more attractive comes into view.
On Intuition
  1. A hunch can be trusted if it can be explained.
  2. Never confuse a hunch with a hope.
On the Occult
  1. If astrology worked, all astrologers would be rich.
  2. A superstition need not be exorcised. It can be enjoyed, provided it is kept in its place.
On Optimism & Pessimism
  1. Optimism means expecting the best, but confidence mean knowing how you will handle the worst. Never make a move if you are merely optimistic.
On Consensus
  1. Disregard the majority opinion. It is probably wrong.
  2. Never follow speculative fads. Often, the best time to buy something is when nobody else wants it.
On Stubbornness
  1. If it doesn't pay off the first time, forget it.
  2. Never try to save a bad investment by "averaging down".
On Planning
  1. Long range plans engender the dangerous belief that the future is under control. It is important never to take your own long range plans or other people's seriously.
In essence these axioms point to the benefit of having an investment strategy and sticking to it, regardless of what other investors say or do. If you don't have an investment strategy, you could do worse than adopt these principles. However, don't be afraid to add or subtract ones according to what works for you.