365/7/24

What does it take to be a stock trader? It takes a total mental commitment to the task. It becomes a complete way of life. You cannot be a part timer. You cannot work at a regular job and trade stocks successfully. When you decide to make your living this way you must be willing to work 365 days a year, 7 days each week, 24 hours every day with no time off. I know.

How do I know? As an exchange member for 17 years and a floor trader I can personally tell you there is no time off. Never. Almost every waking moment is given to thinking about your current positions. Where should I sell? Should I move my stop up a little more? There are 3 more trades I'd like to make, but I need to save some extra cash in case I need it for a margin call. It is hard to pass up a trade that looks as good as XYZ, but I have to maintain my trading discipline. And so much more.

These are just a few of the thoughts that run through your head.

You are constantly being torn by the natural enemies of fear and greed, yet you must hold your equilibrium to try to make dispassionate decisions. The first law of trading is to protect your capital so that any single trade will not have you going home broke.

If you are working a regular job or you own a business you cannot be a trader. One or the other or both of these pursuits will suffer. When I owned my brokerage company I did not make one single trade for 8 years because I understood the commitment necessary to be a successful trader.

Why am I telling you all this? Because I don't want you to lose your money in the market as so many people do and I especially don't want you to think you can be a day trader. You can still make money in the market and beat 90% of the Wall Street experts. Here's how.

First you must learn that you CAN time the market even though your broker and all those "experts" will tell you that you can't. There are several good timing advisory services that you may subscribe to or you can develop you own method.

Second, don't believe all that horsewash about research. That is Wall Street smoke and mirrors. Don't try to pick individual stocks. Stick to no-load mutual funds with a discount broker and buy only the best performing funds during the past 6 and 12 months. When they quit being in the top 1% sell them and find new ones that are going up.

There isn't enough space here to give you the details, but I want you to realize that you can safely make plenty of money in the market without devoting 365/7/24.

Al Thomas' book, "If It Doesn't Go Up, Don't Buy It!" has helped thousands of people make money and keep their profits with his simple 2-step method. Read the first chapter at http://www.mutualfundmagic.com and discover why he's the man that Wall Street does not want you to know.

Copyright 2005

In The News:

I would always recommend mutual funds over individual stocks: Anand Rathi  LivemintThe effort needed to manage individual stocks is much higher than the effort required for mutual funds.Anand Rathi talks about the ongoing economic slowdown ...
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Mutual fund investors riding out market volatility through smart moves  LivemintMumbai: Retail flows into equity mutual funds have ebbed and flowed with the broad moves in the markets. Flows rose when the markets did well and fell when ...
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Actively or passively managed mutual funds: Which should you invest in?  Economic TimesAn ET Wealth study finds that most actively managed equity schemes have beaten their benchmarks.
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Should you invest in small cap mutual funds now?  Economic TimesMany wealth advisors believe that investors could go for a staggered investment in small cap mutual funds.
MFs split over giving more time to Essel  Economic TimesThe debt woes of Essel Group promoters may worsen as mutual funds squabble among themselves on whether to give more time to Subhash Chandra's private ...
Top 10 mutual fund picks that withstood market mayhem to cushion fall in returns  Economic TimesWhen 80 per cent of the stocks in the domestic market have seen wealth erosion in the ongoing selloff, even the seasoned money manager has not remained ...
Why you should invest in multi cap mutual funds  Economic TimesMany advisors are recommending multi cap funds in the current environment to investors. This scheme which bundles large-, mid- and small cap stocks is often ...
Mutual fund managers say tough times ahead, but ask investors to stay the course  Economic TimesA deluge of negative news flow has severely impaired the sentiment in the stock market.
If you are wondering which stocks to buy, top fund house offers cues  Economic TimesHDFC Asset Management, India's largest money manager by assets, was busy buying select banks, PSU and infrastructure stocks all through August, even as ...
Essel Group gets more time from NBFCs, mutual funds to repay debt  Economic TimesNEW DELHI: Subhash Chandra-led Essel Group has got additional time from mutual funds and non-banking financial companies (NBFC) to meet repayment ...
Is time to say goodbye to small cap mutual funds?  Economic TimesAs per Sebi re-categorisation norms, small cap mutual funds are mandated to invest at least 65 per cent of their corpus in small cap stocks.
Hot and Cold Stocks of Mutual Funds in August 2019  MoneylifeIn August 2019, HDFC Bank and Reliance Industries were the most preferred stocks of Indian mutual funds. The net purchases of HDFC Bank were Rs2,021 ...
Top 5 bluechip stocks bought by mutual funds in August  The Financial ExpressEven as the stock market remains muted amid the ongoing slowdown, mutual fund managers have made some notable changes in sector and stock allocation.
What mutual fund managers are doing in the current market?  Economic TimesThese are trying times for the mutual fund managers. A bleak economic scenario coupled with countess stark data points have severely impaired the sentiment ...
Best small and mid cap mutual fund managers 2019  Economic TimesHere are the top 5 fund managers in the small and mid cap category who have created the most wealth for investors.
Stocks to watch: YES Bank, Axis Bank, PSBs, autos, ZEE, Adani Group cos  Business StandardRead more about Stocks to watch: YES Bank, Axis Bank, PSBs, autos, ZEE, Adani Group cos on Business-standard. Here's a look at the top stocks that may ...
Waiting for market revival? SIPs in these 12 stocks can deliver big  Economic TimesSIP in equities can help reduce the risk of timing the market by averaging out benefits.
Mutual Fund Update: Stocks sold by fund managers in July 2019  Dalal Street Investment JournalIn our last update we listed the top 5 stocks that attracted fund managers in the month of July 2019. Now let's have a look at top 5 stocks that witnessed a lot of ...
Which cap fits best? Mutual Funds  India TodayEquity markets have, over the past two months, seen significant correction. Their bellwether index, the S&P BSE Sensex, has corrected around 10 per cent (as ...
ETFs vs. Mutual Funds: What's the Difference?  MoneyWise.comBoth ETFs — exchange-traded funds — and mutual funds are diversified investments, but they're not the same. Learn how to tell them apart.
Stock market crash? No Problem: Here are 4 steps to embrace it with a 'bear' hug  MoneycontrolThe stock market crash is the best excuse you can use to rebalance your portfolio. Getting rid of the non-performing investments and realigning your portfolio.
What is buy-and-hold investing? A long-term investment strategy  Business InsiderBuy-and-hold investing is a tried and true long-term investment strategy that involves purchasing stocks or other securities then holding on to them.
Top stocks mutual funds bought and sold in August 2019  CNBCTV18Domestic mutual funds remained net buyers for a fourth straight month, resulting in an overall inflow of Rs 1.02 lakh crore in August, much higher than Rs 87000 ...
Mutual funds are not there to provide risk capital: Sebi chief  Economic TimesMumbai: Mutual funds are not banks and are not around to provide risk capital, said Securities and Exchange Board of India chairman Ajay Tyagi. The capital ...
HDFC AMC, Reliance Nippon Life stocks are undeterred by Sebi tweaks  LivemintEquity markets are subject to market risks, but that adage does not seem to apply to stocks of asset management companies (AMCs). While the broader market ...
Even in India, it is hard for active fund managers to outperform the market: Morningstar  Moneycontrol.comIf you're having or if you're trying to have a large-cap exposure, passive investing, especially if it is at the right price, can make sense for a lot of investors.
Essel Group seeks time till March 2020 from mutual funds to clear dues  The Financial ExpressIn January this year, the Zee Entertainment Enterprises and Dish TV stocks fell sharply in the range of 26-33%, primarily on reports of pledged shares of ...
How to profit from the ‘best of both worlds’ in stock investing  MarketWatchMid-cap companies can offer large-cap quality with small-cap growth.
How retail investors tripped up on Yes Bank – Zerodha CEO releases data in blog post  LivemintZerodha CEO said 2 lakh people out of the 7 lakh who have demat accounts with Zerodha, hold Yes Bank stock and his clients are collectively sitting on an ...
The Best Value Funds  Morningstar.comValue is striking back--for now. These value-focused funds all earn Morningstar Analyst Ratings of Silver or better.
Mutual Funds, Funds & ETFs Market Activity Data & News  NasdaqGet the latest funds and ETFs market data & news from Nasdaq.
Soon access, share all your data from a one-stop store  LivemintAccount aggregators will put in all your financial data at one place, with your consent.You will be able to share financial data related to your bank account and ...
Big relief for stock market, equity mutual fund investors; Enhanced surcharge withdrawn  The Financial ExpressThe FM has announced relief from the enhanced surcharge on the long term and short-term capital gains arising in the stock market transactions.
BCL Industries, Shree Renuka among 4 stocks available at attractive valuations  Moneycontrol.comInvestors may start identifying good quality mid-cap and small-cap stocks for positive returns in the next three-six months, Amit Gupta, Co-Founder and CEO ...
How much money can I make in mutual funds?  Business Insider IndiaA large number of investors are investing in mutual funds to grow their money. As is the case with any investment instrument, your money can yield very high.
Bet on these 10 stocks for 12-22% returns by next Ganesh Chaturthi  MoneycontrolThe market hit a *fresh* record high this year, but gave negative return since the last Ganesh Chaturthi, with the Nifty50 falling 3 percent and Mid-Smallcap sinking ...
Does It Ever Make Sense to Index Portfolios?  Morningstar.comAn Unpopular Idea Almost nobody thinks that indexing investment portfolios makes sense. There are a few exceptions. Certain versions of hedge fund indexes ...
Mutual Fund Investment: Why you should invest in direct plan of mutual fund  The Financial ExpressSince there is no intermediary involved, the AMC does not have to pay any commission or trailing fees. A regular plan is bought through an intermediary who ...
9 steps to protect your finances against recession in the economy  Economic TimesBad news is infectious. As reports of job losses, slowing demand and the liquidity crisis trickled in last week, the stock markets slipped. To be sure, the Nifty has ...
What Is Direct Indexing? | Investing 101  U.S. News & World ReportA *fresh* take on index investing looks beyond mutual funds and ETFs.
Everything Jim Cramer said about the stock market on 'Mad Money,' including Costco downgrade, Expedia CEO, Chipotle rally and oil stocks  CNBCJim Cramer explains why he disagrees with Bernstein's downgrade of Costco, why Chipotle's stock will win 2019 and what investors should do with oil stocks.
Good time to invest in India with a long-term view: Mark Mobius  Moneycontrol"India will continue to grow in the long-term, but there is a lot of confusion w.r.t taxation," Mark Mobius, founder of Mobius Capital Partners LLP said in an ...
Mutual fund managers are betting big on banks, and it's killing them  CNBCStock pickers are heavily invested in bank stocks and it doesn't bode well for them.
These two key portfolio diversification strategies can help you buffer stock market risk  MarketWatchStories resonating with MarketWatch readers this past week.
Penny Stocks To Billions? Only Two Rare Examples  Investor's Business DailyThe idea of turning pocket change into a billion bucks is alluring. But this mirage of penny stocks is also nearly a complete fantasy.
Is T. Rowe Price Global Stock (PRGSX) a Strong Mutual Fund Pick Right Now?  Yahoo FinanceIf you have been looking for Global - Equity funds, a place to start could be T. Rowe Price Global Stock (PRGSX). PRGSX holds a Zacks Mutual Fund Rank of 2 ...
IBD 50 Stocks To Watch: Essent Near Buy Point As Business Booms  Investor's Business DailyEssent Group, featured in today's IBD 50 Stocks To Watch, could benefit from the Fed's rate cut. The leading growth stock is also close to a buy point.
4 Healthcare Mutual Funds for Handsome Returns  Zacks.comBelow we share with you four top-ranked healthcare mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy).
Mutual fund investors keep faith in stocks despite market rout  LivemintMumbai: Investors in Indian equity mutual funds bought more last month, unfazed by the selloff that saw the nation's $1.9 trillion market log its worst July in 17 ...
Auto ka time aayega? Experts positive about auto stocks despite alarming August sales numbers  MoneycontrolThe sales numbers are alarming and challenges for the sector are mounting. At first glance, it looks logical to stay away from auto stocks.
What India's biggest mutual funds bought and sold in July  LivemintInvestors in Indian equity mutual funds bought more last month, unfazed by the selloff that saw the nation's $1.9 trillion market log its worst July in 17 years.
Is Hartford Healthcare Fund HLS IA (HIAHX) a Strong Mutual Fund Pick Right Now?  Yahoo FinanceSector - Health fund seekers should consider taking a look at Hartford Healthcare Fund HLS IA (HIAHX). HIAHX carries a Zacks Mutual Fund Rank of 2 (Buy), ...
Goldman Sachs Finds 5 Top Stocks Mutual Funds Have Loaded Up On  24/7 Wall St.To say that mutual fund portfolio managers tend to follow the herd is an incredible understatement, and it always has been. While publicly they sometimes seem ...
Is it time to stop investing in equity mutual fund schemes?  Economic TimesIt is difficult to predict the market but many pundits feel it clearly needs some firm signal from the govt.
Diversify your portfolio by investing a portion in US-focused mutual funds  MoneycontrolDeveloped markets such as US have delivered significant returns over market cycles.
MF shopping list: Top 30 stocks that fund managers bought & sold in June  MoneycontrolMutual funds increased allocation to private banks, consumer, utilities, technology, NBFCs, retail, metals and PSU bank stocks in June, an ICICIdirect report said.
Top 10 stocks that mutual fund managers bought and sold in March 2019  Moneycontrol.comData for equity flows into mutual funds for March came as a breather after a weak February. An increase in net inflows in equity and income category led to the ...
Why picking the right mutual fund is key in a tough market  LivemintWhy have mutual fund (MF) returns fallen? Mutual funds primarily invest in equity (stocks) or debt (bonds). On the equity side, mid and small cap MFs have given ...
Should you invest in international mutual funds?  LivemintIf you were to sort all equity mutual funds available for retail investment by their one-year performance, international funds would come on top. The best ...
Invest in reliable outperforming mutual funds: Here are 8 of these  Economic TimesThese funds tend to score well on risk-adjusted metrics and hold dependable stocks in their portfolios.
Top 30 stocks that fund managers bought & sold in July; do you own any?  MoneycontrolMutual funds net bought Rs 14,846.75 crore worth of shares last month. Their inflows into equity funds also improved to Rs 8,113 crore in July, rising nearly 6 ...
Consider investing in direct stocks only if you can monitor portfolio proactively  LivemintDirect stocks can be considered if you have the ability to do research to identify the stocks to be bought as well as to be sold.You should be revisiting your ...
What India's three largest mutual funds bought and sold in June  Economic TimesHeres what the top three asset managers bought and sold last month.
When equity mutual funds offer negative returns, here’s what you do  Economic TimesThe need of the hour is to stay insulated from the panic in the market.
Mutual funds’ exposure to this space at all-time high; should you buy?  Economic TimesMoney managers on Dalal Street continued to shower affection on private banks for the ninth successive month as their exposure hit 19.90 per cent in June, ...
Best mutual funds to invest for 3 to 4 years  Economic TimesIf you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
Index funds overtake stock-picking funds, now Kings of Wall Street – The Wall Street Journal  BizNewsThe Wall Street Journal reports that index funds now attract more assets than their higher-costing actively managed counterparts.
What India's top three mutual funds bought and sold in March  Economic TimesIndias largest money manager held 1.5 trillion rupees in equities.
Flows into mutual funds revive in May as Modi win seems to spur risk demand  LivemintFlows into Indian equity mutual funds in May rebounded from the smallest in 31 months as Prime Minister Narendra Modi's comfortable electoral win spurred ...
Here are a few mutual funds that stocked up on YES Bank in Q4FY19  Business StandardShares of YES Bank tanked 30 per cent in trade on Tuesday, after the bank reported a massive Rs 1,507 crore loss in the fourth quarter of financial year 2018-19 ...
Sensex's rise from 20K to 40K: 5 lessons for equity mutual fund investors  Economic TimesWe look at some critical lessons that equity fund investors learnt during the journey of Sensex reaching 40K.
Mutual fund investors showing great appetite for assuming risk: Dhirendra Kumar  Economic TimesOne would have thought that new investors who came into mutual funds will be running away. But they are getting into riskier category of funds and the scale of ...
Actively-managed large cap mutual funds poised for a comeback  Economic TimesDefying predictions of their imminent irrelevance, some actively-managed large cap mutual fund schemes have bounced back to the top of the return chart.
A mutual fund for daughter’s education  Economic TimesIf you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
Mutual funds shooting themselves in the foot?  Economic TimesWhat if banks take a leaf out of Kotak and HDFC Mutual Funds' decision to direct investors to come another day to get their money instead of paying them on the ...
How concentrated is your mutual fund portfolio?  LivemintA concentrated portfolio can backfire badly if the fund manager's strategy goes wrong.A portfolio with few stocks can fall sharply if share prices of most stocks in ...
What India's top three mutual funds bought and sold in May  LivemintInflows into Indian equity mutual funds in May rebounded from the smallest in 31 months as Prime Minister Narendra Modi's comfortable electoral win spurred ...
6 bad money habits that investors should give up  Economic TimesSome habits can exact a heavy toll on your finances. We look at a few common ones that you should give up.
Mutual fund SIPs don't make equity investing risk-free. Here's why  Economic TimesSIPs do reduce the risk of market timing & allow investors to buy more units when their price falls.
A young investor’s guide to mutual funds  Economic TimesMany young investors, who are barely a year or two old in their career, are eager to start investing in mutual funds. ETMutualFunds.com receive many queries on ...
How income from stocks and mutual funds are taxed for an individual  Moneycontrol.comCapital gains from transfer of unlisted share are considered as STCG where period of holding is less than or equal to 24 months, and LTCG when holding period ...
SIPs in equity mutual funds are giving negative returns. What should you do?  Economic TimesSIP returns for many investors in mid- and small-cap funds in the last one year are negative after the sharp market correction. The key is to choose a fund wisely ...
Sebi’s new rules for debt funds: What does it mean for you & me  Economic TimesTill recent times, investors had been considering debt funds to be a proxy to traditional investment products. However, certain market developments, including ...
Is it time to switch to index mutual funds?  Economic TimesBy Rishabh Parakh It is one of the hottest topics debated these days: is it time for mutual fund investors to switch to passively-managed index funds from their ...
Value mutual funds have given good returns over long term but can underperform in short term  Economic TimesOver the years, the benefits of value investing have been espoused by several market gurus and fund managers. Discussions around this investing philosophy ...
Stay away from stock tips  LivemintIf taming the stock market was easy, everyone would do it.Losing money in market is real and facing volatility is part of the deal.
Should investors with very long term horizon always pick small cap mutual funds?  Economic TimesMutual fund investors assume that their risk taking ability goes up if they have really long investment horizon.
Should you invest in algorithm-based quant mutual funds?  Economic TimesQuant funds work on a data-driven model that relies on a mix of parameters and algorithms to identify the right stocks at the right time. But can they beat actively ...
Understand difference between large-cap, mid-cap and multi-cap mutual funds when investing  Economic TimesExperts say large and mid cap mutual funds have carved a niche for themselves in portfolios.
Can mutual funds give multibagger returns like stocks?  Economic TimesStocks can be multibaggers. They can offer extraordinary returns in a very short period. Can mutual funds ever do that? This was a question thrown at Rajeev ...
Equity mutual funds are offering negative returns. What should investors do?  Economic TimesAll equity mutual fund categories have been offering negative average returns in the last one year. Small cap and mid cap schemes were hit the most, with ...
What top mutual funds bought and sold last month  LivemintMumbai: Inflows into Indian equity mutual funds in January were the smallest in two years as heightened market volatility and political uncertainty cooled ...

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