Only 3% of the population in India have opened a demat account in the stock market. It is clear from this that there is still fear in the minds of people in the name of stock market and they try to stay away from the stock market.There is a strange fear in the mind of people and I am going to talk about that fear today. Why people afraid from stock market ?🤔🤔
Is the stock market really a speculative market ? :
The oldest and biggest fear is that in the minds of the people, that the stock market is a speculative market and it is seen as gambling which is absolutely wrong.A skill is needed to do any work, no matter what the work of the world is. If you have to get any electrical work done in your house then if you will do it yourself while you do not have any knowledge of electrical work then it will be called as specification whereas if you call an electrician (because he has skill to do electrical work ) then it will be called a profession.
You have capital and you entered the stock market without learning anything and if you have invested your capital then it will be called speculation. You must first learn how the stock market works. When stocks are bought and when they are sold. Buying or selling indiscriminately does not make money. If you want to make money in this way then you should play lottery or matka.😂😂
what skills required for stock market
Some people look after others or someone told something that buy such stock and people do it and when there is a loss, they blame the stock market which is not good, such things should be avoided.Prepare yourself, keep an eye on some companies, keep an eye on the price of those stocks in the regular market. Try to do it by yourself and not by anyone’s advice.I am telling you the truth there is no better profession than stock market in the world. At the time of corona virus, there was only one stock market which was open, all other businesses were closed, so you can put an idea yourself, how tremendous business can be if it is done by learning and understanding it.You read the books, start reading the charts, follow the news, keep an eye on all the sources to learn the stock market. There have been great traders, investors, rather I would say that in the top 10 richest person in the world, you will get the most from the stock market.
Are u trader or investor
Understand your nature whether you want to be a trader or an investor. Because different mindset works in both. This is where people often make a mistake, they do not even know what their nature is, if the trade goes wrong, then they start investing in it and trading in the investment portfolio which is completely wrong. If there is a loss, then put the blame on the stock market .Where a trader has to be fast and super active, an investor must be patient, alert, have some knowledge of finance, understanding of economy.A trader has to take decisions in seconds, investors are in no hurry, they know that if we are investing then we will invest for 5-10 years only. There is no need to look at the price of the stocks again and again.
Are you in the grip of “FEAR” and “GREDD” Emotions
The two emotions that influence the stock market the most are “FEAR” and “GREED”. These 2 emotions are the most important factor in taking a decision in the stock market . The person who handled these two emotions in the best way in the stock market won the stock market. If your trade is right and you are getting good profits, you do not cut that trade and keep sitting in greed, then know one thing, this is the stock market, it does not stop for anyone nor does it BEHAVE the same. You have to control your greed in any case, you cannot win from the market.It is in such fear that your trade is going upside down, you have started getting scared and you have cut the position but neither see the charts properly nor read the market properly and just out of fear Even if the trade is cut, the loss is yours. So learn the market well and keep fear and greed under your control and not under their control.