Almost 12 years ago I started my first step towards equity market via mutual fund. It happened by chance, where in sales representative
of bank mentioned about astonishing returns of mutual fund. I was surprised, though
rate of return shown was too much to digest so thought of taking chance and
started SIP of Rs 1000 for six months. This was the beginning, slowly I started
gaining interest in the mutual funds and to the equity market almost 7 years
gone. I got impressed with mutual fund returns that was the initial phase later
on also started in equity market.
Journey of equity market was not that easy,
during that I learnt a lot and finally understood that long term investment is
the only way to build wealth.
Gradually I started investing in fundamentally strong stocks
on monthly basis, though I was always wondering if there could be way to get
clue about the upcoming trend. Basically I wanted to time the market so that I can
buy when market is low and hold on or at least do not buy when market is on the
high, ultimate aim was to build high return by buying low and utilize trend to
own advantage.
One day I heard about technical analysis on TV there in one
expert was providing levels for buying a stock. Wow, this what I was looking
for long time, my dream of, combining both fundamental and technical looks like
a possibility now. Spent almost 3 months on learning basics of technical
analysis and its underlying parameters after that for next 6 months applied
these to selected stocks/index tracked these on paper, once I got confident that
yes this would work.
Now I was eager to implement in my portfolio, first one was Nifty
ETF it worked, my confidence increased
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