Posts Tagged ‘sensex’

Hope, Greed and Fear…

October 18, 2007

With the indian stock market booming in last few weeks, I hoped that its time to make some easy money. “Easy Money”…i was giving way to greed. I made good profits in the beginning and ended up putting all of it back into the market. The sensex has taken a plunge today.

Nobody knows what is going to happen tomorrow. Its fear all around now. Everybody is nervous and panicky. My fingers are crossed. I am still hopeful for tomorrow. Will have to wait and watch how the story unfolds.

Few lessons learnt:

1. Do not OVER-EXPOSE yourself. Invest only if its ok when you loose 50% of it.

2. When in doubt…drop out. You can always invest tomorrow and book profits

3. Always have some surplus funds in your savins account. You never know when a good buying opportunity surfaces out of a sudden