Indian Stock Market in RED
The last couple of days the Indian Stock Market has seen quite the downtrend and it has created quite the panic, my own portfolio went down by over 7% in a matter of days and I had stocks that that corrected over 30% overnight so yeah you can see why everyone went in Panic mode. Some of my friends who invested in the Stock Market after COVID called me every hour to check what was happening and did I sell any stocks to cut my losses and the only thing I said to them was to have patience.
That being said most of my friends did cit their losses and went out of the stock market completely but I did not sell a single stock as there is something that was different in me and that was the fact that I came from a Market that was even more volatile than stocks so trading in Cryptocurrency did give me the faith to HODL through times when a stock falls by over 10% as we have seen some Crypto go as low as 50% in a day so yeah I definitely had the mental advantage when it comes to HODLing.
As of right now, I am on a 12% down from where I was and currently, overall I am just 1% in profit which means if the market goes down today once again I will officially go down on the loss part in the entirety. That being said I am confident in my Stock picks and I know they are fundamentally solid and I am willing to HODL them till the end so I am Chilling right now. The only thing I wish was that I am currently short on Cash otherwise I would have invested some more in this Bloodbath.
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It was expected....tye price was soaring like anything...and need to have a price check break..
Bro IRCTC went crazy and it was going up and up at one point IRCTC was at 156% profit in my portfolio. Even TATA stocks went crazy and I did book profits in those ones but I was so scared to Sell IRCTC.
Yes....from 6400 to 4300 I guess....anyhow after the split of share it price going to get down......expected to happen on 29 I belive.......I missed on paras defense and it too rode high....
That's how the market works you get some and you lose some opportunities. I am just looking forward to the bounce back. My Mom is going crazy and wants me to cut my losses but I am HODLING strong.
It is allowing investors like me to pitch in 😉