Rakesh Jhunjhunwala & His Investment Proficiencies
When you aspire to be like 'someone' you curiously try & adopt his success secrets
. Ralph Emerson rightly quotes that Curiosity is lying in wait for every secret. But few 'someones' themselves reveal their success mantras. So if you aspire to succeed like Rakesh Jhunjhunwala in the Indian stock markets, be sure that your wait for Rakesh Jhunjhunwalas secrets are over.
Rakesh Jhunjhunwala shares some necessary tips for amateur investors:
Rakesh Jhunjhunwala says,Be Optimistic & hope for the best: According to Rakesh Jhunjhunwala,Stock market is never cent percent predictable and the investors might come across ups and downs. Rakesh Jhunjhunwala asks investors to be optimistic
for further opportunities, instead of craving about past realities.
Rakesh Jhunjhunwala says,Play with mind not emotions: Indian stock market trends move on mass human psychology of greed and fear. Rakesh Jhunjhunwala states that generally in profits investors tend to be greedy for more and hold their positions instead of squaring off during stock market peaks. During bottom-finishing sell-off with a fear of further losses. Here, Rakesh Jhunjhunwala suggets to be greedy when others fear and fear when others are greedy.
Rakesh Jhunjhunwala says, Play with descipline: If you consider stock market as a game then it comes with some rules. Rakesh Jhunjhunwala asks you to decide your profit and loss booking before entering any trade. Every successful investor like Rakesh Jhunjhunwala make us aware that the risen stock market has to fall and at bottoms if there are no external factors to affect, the stock market has to rise.
Rakesh Jhunjhunwala says, Risk is Inevitable: As per Rakesh Jhunjhunwals's experience, Risks and rewards sometimes go hand-in-hand, so higher the risks higher are the rewards. Rakesh Jhunjhunwala says that if one wishes to earn higher, he should be
prepared to bear losses too because probability of earning to losing is 1:1.
Rakesh Jhunjhunwala says, No thumb rules, so be flexible: Rakesh Jhunjhunwala is aware that stock market works on the principals of demand and supply and investment psychology which cannot be set into rules or predicted. Investor is often very rigid about accepting that the share prices can fall when he is holding and can rise when he has shorted. According to Rakesh Jhunjhunwala, one should be flexible to average out when necessary.
Rakesh Jhunjhunwala asks investors to know what, when, & how much of the stock markets: According to Rakesh Jhunjhunwala, Demographic factors and diversification are important to build your investment portfolio. Your age, salary etc should match your investment. What to buy depends on the fundamentals of the company and price movements will suggest when to enter & exit. How much will depend on your spending capabilities.
Rakesh Jhunjhunwala focuses on Patience: Rakesh Jhunjhunwala insists investors to Have conviction. Rakesh Jhunjhunwala also insists to be patient. Your patience may be tested, but your conviction will be rewarded. Make exit an independent decision, not driven by profit or loss.
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by: Niveza Investor Exchange
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