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Can you share with us your journey investing in the stock market?
My Stock Market Journey :( Caution: Very Long Answer )I started my journey in 1977.That is 40 years ago. The young of today can not imagine about India of that time.Well, to put things in perspective:Forget about Internet or Mobile phones. Even a simple telephone was a luxury which even middle class could not afford. And waiting time for a phone was about 2 years to 5 years depending on your money and social clout.Doordarshan ( TV in India ) was available only to people in Delhi and that too in grainy black and white.All communication had to be essentially done through India Post. Courier services did not exist and those few which did were not legal.For faster communication, there were telegrams which were priced above the paying capacity of a common man.How stock markets functioned in those times would be like a story to today’s young generation.So I thought to share my journey.How it began ? :In July 1977, the results were out and I had completed my Engineering Degree. It was a different scenario from the present times. Engineering Colleges were far and few and so were engineers. But unfortunately jobs were also few.Government was the prominent employer specially for civil engineers. So daily activity was to look for employment pages / advertisements for suitable jobs. After finding such advertisement, next step used to get one application typed and send it to the address given with the requisite fee of about Rs. 8 ( For most Government jobs ) through a Postal Order.Ever heard of a Postal Order in the present times of NEFT and mobile money transfers. ( I believe these are still available at Post Offices )Finding a job being the only work at hand, there was lot of free time. Sports page got some attention cricket being the national pastime even in those days.The page before the sports page usually was the Stock Market page in most of the newspapers. It used to be full of prices of various stocks in different stock exchanges. My regular newspaper carried rates from Bombay Stock Exchange, Delhi Stock Exchange and Calcutta Stock Exchange.There was no Google and no internet. How to make sense out of lot of numbers and names splashed on the page everyday?I pledged to myself that I will surely crack the code and this page has to make sense for me.From then on, the quest is on.Forty years have gone by and like I have stated in my credentials— Studying the Stock markets since 1977. The study is not yet complete. I believe I will always remain a student and that is perhaps the right thing.Markets and trading are always evolving with passage of time and one has to keep on learning.1977- 1985 :I saw a big advertisement for a public issue of shares of Hawkins. Nowadays, the public issues are called IPOs ( Initial Public Offer ). What is in a name?From this ad I got the name and address of broker and wrote a letter to send me the Prospectus and Application form.After about 5 days, I got a mailer from the broker with the things requested for. I read each and every word. I was impressed with the document.The interesting fact which I noted was:Salary of Chairman ( Mr. H D Vasudeva , I am narrating the name from memory— If incorrect, please feel free to ignore or correct me ) was fixed at Rs. 10000 per month and approval of Government was taken for this salary.Such salary being almost equal to salary of President of India needed special permission.I do not recall the issue price but it was at some premium on the face value of Rs. 10. I applied for 50 shares, filled up the form, got a bank draft for the money and sent it by registered post to the broker at Delhi.And hoped to get the allotment.The issue was oversubscribed many times and i got the refund cheque after about two months.The search for job continued. I joined IIT Delhi for post graduation course and to be at Delhi.Over next year, stock market took a back seat but since the broker were sending me mailers regularly , reading company prospectus became a serious hobby with me.I knew all I could about Memorandum of Association, Article of Association, Rules for remunerations of Directors in a company, declaration of interest of a director in the company, Authorized Capital, Paid Up Capital, Offer for Sale , Dividends, Book Closing and all the jargon through this reading.In August 1978, landed in my first job and left IIT, Delhi to work professionally.I think sometime in 1979, I got my first shares alloted.50 Shares of Narendra Explosives Limited. ( Did anybody ever hear of the company ? ). I was jumping with joy. Company made explosives. There was going to be a boom in construction activity in the country and explosives are needed for constructing tunnels and excavating rock.Another public issue came up and I got 50 more shares of — hold your breath— Karnataka Explosives Limited.I had no intent to be an explosive specialist, it is just that I got allotted the stocks which probably nobody wanted.I used to check the prices everyday only to find them below Rs. 10 and there was no option but to keep waiting.Well, I got one more public issue allottment — 100 shares of Punjab Ceramics Limited. ( Phew..)I could sell Karnataka Explosives for Rs. 14 in 1981, Narendra Explosives for Rs. 21 in 1985 and Punjab Ceramics are still with me as worthless as ever.I have never applied for an IPO since Punjab Ceramics.1985–1995:After a few years in South India and then Madhya Pradesh, I was back to Delhi. By this time, equity culture was picking up. There were even daily tabloids about the stock market.The most talked about stocks of that time were Reliance, Orkay Silk Mills and Oswal Agro.I made my first purchase in secondary market in Gwalior Rayon shares.Ended up being profitable in two weeks and sold it without taking delivery of shares.Wondering what is delivery of shares?:It is in fact delivery of share certificates along ith a transfer deed with share transfer stamps affixed on that.This is a share certificate representing 50 shares of Tata Steel.And this is a transfer deed:( Addresses blanked out for protecting privacy )How different from the present Click and Buy/Sell.By year 1991, I had started trading. Intra day was not possible because it was a shout and buy/sell market. We used to place the trade with a broker, got confirmation in the afternoon and contract note by evening. There was a two week settlement time to either pay or close the transaction by paying the difference.In 1992, lost some good money because of investing at a time when the Harshad Mehta scam was unraveling.These images are from 1995.Gave up trading from 1995 to 2000.Tech Boom and Trading Terminals:Internet made its foray into India from 1996 onwards. I was at Ambala in Haryana when internet services commenced there in 1998.It was a new world and a new addiction. I browsed at Rs. 80 per hour and learnt whatever was possible with my very limited computer skills.Got introduced to a Trading Terminal provided by a broker at Ambala.Everyone used to trade in tech stocks. I was the only one trading in Tata steel or Appolo Tyres or HDFC. Everybody else was into Rolta, Pentamedia, Wipro, Infosys etc. No one shorted a stock except yours truly. I was the only one operating with a stop loss. Rest were all high on adrenaline and were making big profits and bigger losses. I continued with my small profits and small losses.I learnt a lot about trader behaviour in this period. It was very easy to make profits and losses. It could easily become an addiction.Fate intervened. I got into a new job and did not do any trading for next three years.From 2003 to 2017— Trading Online:Opened an icicidirect account in 2003.Started online trading.Learnt from my failures and successes. Never traded more than one or two stocks at a time.Learnt options trading in year 2007 and a new world of opportunities opened up.Read many books, information on internet, European options, American Options , option theories and came to conclusion that only thing that works is just plain common sense and loss management.Everything else is just a theory.All the complicated theories are just an excuse to hide behind when we fail. It looks nice to say because something very complicated occurred, I had to take a loss. Whereas the fact is that we are responsible for every loss. It happens due to simple fact that trade went wrong. Bigger loss happens when the money management goes wrong. That is something to be avoided.Conclusion:Summation of my stock market journey:Markets are forever. There should be no compulsion to trade everyday.Long term investment works out better than day trades.Positional trades work out better than day trades.Taking care of losses is essential.Patience pays.Markets are simple. Experts make it complicated so that their expertise gets higher value.No formula or theory is a mathematical fact .They are based on empirical data which is based on human behaviour. Any such formula will give different results in different situations. For adverse results , money management is the only protection.I have enjoyed the journey thus far and keep on enjoying further.Now I have many Quora friends to make this journey more rewarding by sharing my thoughts.Thanks for reading this very long answer.
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How do I fill out an application form to open a bank account?
I want to believe that most banks nowadays have made the process of opening bank account, which used to be cumbersome, less cumbersome. All you need to do is to approach the bank, collect the form, and fill. However if you have any difficulty in filling it, you can always call on one of the banks rep to help you out.
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How do I fill out the IIFT 2018 application form?
Hi!IIFT MBA (IB) Application Form 2018 – The last date to submit the Application Form of IIFT 2018 has been extended. As per the initial notice, the last date to submit the application form was September 08, 2017. However, now the candidates may submit it untill September 15, 2017. The exam date for IIFT 2018 has also been shifted to December 03, 2017. The candidates will only be issued the admit card, if they will submit IIFT application form and fee in the prescribed format. Before filling the IIFT application form, the candidates must check the eligibility criteria because ineligible candidates will not be granted admission. The application fee for candidates is Rs. 1550, however, the candidates belonging to SC/STPWD category only need to pay Rs. 775. Check procedure to submit IIFT Application Form 2018, fee details and more information from the article below.Latest – Last date to submit IIFT application form extended until September 15, 2017.IIFT 2018 Application FormThe application form of IIFT MBA 2018 has only be released online, on http://tedu.iift.ac.in. The candidates must submit it before the laps of the deadline, which can be checked from the table below.Application form released onJuly 25, 2017Last date to submit Application form(for national candidates)September 08, 2017 September 15, 2017Last date to submit the application form(by Foreign National and NRI)February 15, 2018IIFT MBA IB entrance exam will be held onNovember 26, 2017 December 03, 2017IIFT 2018 Application FeeThe candidates should take note of the application fee before submitting the application form. The fee amount is as given below and along with it, the medium to submit the fee are also mentioned.Fee amount for IIFT 2018 Application Form is as given below:General/OBC candidatesRs 1550SC/ST/PH candidatesRs 775Foreign National/NRI/Children of NRI candidatesUS$ 80 (INR Rs. 4500)The medium to submit the application fee of IIFT 2018 is as below:Credit CardsDebit Cards (VISA/Master)Demand Draft (DD)Candidates who will submit the application fee via Demand Draft will be required to submit a DD, in favour of Indian Institute of Foreign Trade, payable at New Delhi.Procedure to Submit IIFT MBA Application Form 2018Thank you & Have a nice day! :)
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How do I fill the JEE (Main) application form?
This is a step by step guide to help you fill your JEE (Main) application form online brought to you by Toppr. We intend to help you save time and avoid mistakes so that you can sail through this whole process rather smoothly. In case you have any doubts, please talk to our counselors by first registering at Toppr. JEE Main Application Form is completely online and there is no offline component or downloadable application form. Here are some steps you need to follow:Step 1: Fill the Application FormEnter all the details while filling the Online Application Form and choose a strong password and security question with a relevant answer.After entering the data, an application number will be generated and it will be used to complete the remaining steps. Make sure your note down this number.Once you register, you can use this number and password for further logins. Do not share the login credentials with anyone but make sure you remember them.Step 2: Upload Scanned ImagesThe scanned images of photographs, thumb impression and signature should be in JPG/JPEG format only.While uploading the photograph, signature and thumb impression, please see its preview to check if they have been uploaded correctly.You will be able to modify/correct the particulars before the payment of fees.Step 3: Make The PaymentPayment of the Application Fees for JEE (Main) is through Debit card or Credit Card or E Challan.E-challan has to be downloaded while applying and the payment has to be made in cash at Canara Bank or Syndicate Bank or ICICI bank.After successful payment, you will be able to print the acknowledgment page. In case acknowledgment page is not generated after payment, then the transaction is cancelled and amount will be refunded.Step 4: Selection of Date/SlotIf you have opted for Computer Based Examination of Paper – 1, you should select the date/slot after payment of Examination Fee.If you do not select the date/slot, you will be allotted the date/slot on random basis depending upon availability.In case you feel you are ready to get started with filling the application form, pleaseclick here. Also, if you are in the final stages of your exam preparation process, you can brush up your concepts and solve difficult problems on Toppr.com to improve your accuracy and save time.
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How do I fill out the CAT 2018 application form?
The procedure for filling up the CAT Application form is very simple. I’ll try to explain it to you in simple words.I have provided a link below for CAT registration.See, first you have to register, then fill in details in the application form, upload images, pay the registration fee and finally submit the form.Now, to register online, you have to enter details such as your name, date of birth, email id, mobile number and choose your country. You must and must enter your own personal email id and mobile number, as you will receive latest updates on CAT exam through email and SMS only.Submit the registration details, after which an OTP will be sent to the registered email id and mobile number.Once the registration part is over, you will get the Login credentials.Next, you need to fill in your personal details, academic details, work experience details, etc.Upload scanned images of your photograph, and signature as per the specifications.Pay the registration fee, which is Rs. 950 for SC/ST/PWD category candidates and Rs. 1900 for all other categories by online mode (Credit Card/ Debit Card/ Net Banking).Final step - Submit the form and do not forget to take the print out of the application form. if not print out then atleast save it somewhere.CAT 2018 Registration (Started): Date, Fees, CAT 2018 Online Application iimcat.ac.in
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What is the procedure for filling out the CPT registration form online?
CHECK-LIST FOR FILLING-UP CPT JUNE - 2017 EXAMINATION APPLICATION FORM1 - BEFORE FILLING UP THE FORM, PLEASE DETERMINE YOUR ELIGIBILITY AS PER DETAILS GIVEN AT PARA 1.3 (IGNORE FILLING UP THE FORM IN CASE YOU DO NOT COMPLY WITH THE ELIGIBILITY REQUIREMENTS).2 - ENSURE THAT ALL COLUMNS OF THE FORM ARE FILLED UP/SELECTED CORRECTLY AND ARE CORRECTLY APPEARING IN THE PDF.3 - CENTRE IS SELECTED CORRECTLY AND IS CORRECTLY APPEARING IN THE PDF. (FOR REFERENCE SEE APPENDIX-A).4 - MEDIUM OF THE EXAMINATION IS SELECTED CORRECTLY AND IS CORRECTLY APPEARING IN THE PDF.5 - THE SCANNED COPY OF THE DECLARATION UPLOADED PERTAINS TO THE CURRENT EXAM CYCLE.6 - ENSURE THAT PHOTOGRAPHS AND SIGNATURES HAVE BEEN AFFIXED (If the same are not appearing in the pdf) AT APPROPRIATE COLUMNS OF THE PRINTOUT OF THE EXAM FORM.7 - ADDRESS HAS BEEN RECORDED CORRECTLY AND IS CORRECTLY APPEARING IN THE PDF.8 - IN CASE THE PDF IS NOT CONTAINING THE PHOTO/SIGNATURE THEN CANDIDATE HAS TO GET THE DECLARATION SIGNED AND PDF IS GOT ATTESTED.9 - RETAIN A COPY OF THE PDF/FILLED-IN FORM FOR YOUR FUTURE REFERENCE.10 - IN CASE THE PHOTO/SIGN IS NOT APPEARING IN THE PDF, PLEASE TAKE ATTESTATIONS AND SEND THE PDF (PRINT OUT) OF THE ONLINE SUMBITTED EXAMINATION APPLICATION BY SPEED POST/REGISTERED POST ONLY.11 - KEEP IN SAFE CUSTODY THE SPEED POST/REGISTERED POST RECEIPT ISSUED BY POSTAL AUTHORITY FOR SENDING THE PDF (PRINT OUT) OF THE ONLINE SUMBITTED EXAMINATION APPLICATION FORM TO THE INSTITUTE/ RECEIPT ISSUED BY ICAI IN CASE THE APPLICATION IS DEPOSITED BY HAND.Regards,Scholar For CA089773 13131Like us on facebookScholar for ca,cma,cs https://m.facebook.com/scholarca...Sambamurthy Nagar, 5th Street, Kakinada, Andhra Pradesh 533003https://g.co/kgs/VaK6g0
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How do I fill out the Assam CEE application form?
The application form for Assam CEE 2018 has been released on 1st March 2018.The last date for submission of the same is 20th March 2018.Filling up the Application FormAll information submitted must be valid and as per the documents possessed by the candidates.Uploading of Scanned DocumentsThe documents have to be uploaded according to the specifications mentioned by the DTE.Submission of Filled Application FormThe e-challan will be generated after the application form is successfully submitted.Payment of Application FeesThe candidates will be able to pay the required application fees of Rs. 600 through online (net banking/credit card/debit card) or offline mode (e-challan).For more information, visit this site: Assam CEE 2018 Application Form Released - Apply Now!
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