HOW TO AVOID LOSS AND EARN CONSISTENTLY IN THE STOCK MARKET | PRASENJIT PAUL
"Do no trade like an investor and do not invest like a trader" - Prasenjit Paul
In the past few weeks, I have watched too many videos about the stock market. How it helped create a fortune for many, how it destroyed the fortune of many, and finally scams. I have always tried to explore things that seem interesting. So, this week I picked this amazing book by Prasenjit Paul to finally dive straight into the world of it. After several lookups, I chose this because of its catchy title, and reviews. The thing that I loved and is most important, is that it's based on the Indian Market.
For those of you who don't know what stocks are, it's nothing but partial ownership in the business. Most of you might relate it to gambling. You may gamble if you jump into it without knowing how it works.
Do you know, if you would have invested Rs 10,000 in WIPRO in the year 1980, it would have worth more than Rs 500 crores today? Don't you believe me, read this article from economic times, it will enlighten you.
In fact, there are several stocks like Infosys, etc. that have changed lives. That is how the power of compounding works. Indeed the most undervalued thing.
Moving on, the book is completely written in layman language. The author had mentioned several of his interaction with his clients. I hope he had a great time dealing with them too. One thing that I observed and it reflects is that detailed research has been done, and is commendable. Telephonic conversations, tables, and past market ups and downs have been included as and when needed to support the content.
Except for certain repetitions (which I observed), the author has tried his best to make things simpler for beginners. There are times when you need to look up for certain keywords but it's okay, else the book would have become tedious.
Most of you might disagree with the idea of avoiding day trading (as mentioned in the book). Believe me, am not the best to comment on it.
SUMMING UP, WHO SHOULD READ THIS?
I would recommend this for beginners (like me) as its the best to get started. This will help build basics.
I would suggest readers to kindly jot down important points in the book. Try to read it more than once to get a better understanding of the content.
Can't wait to read it, grab your copy by hitting the button.