You answered your question yourself, isn't it. Buying a stock is not a lottery ticket, it is part ownership in the business. If the business does well over the long term, so will the stocks performance. I am sure you have lots of examples in front of you -companies like ITC, HDFC, Ranbaxy, Infosys, and many more that have been doing well for decades, so have their stocks, if you held on to them.
Dada, its time you read a real Investing book, Try One up on Wall Street by Peter Lynch, to start with. You will forget about wasting time in evolving trading strategies, and invest the time and effort in picking real good stocks, as Peter Lynch practically shows you how to. (There are better books to start with, but I am guessing you will enjoy the anecdotal style adopted by Peter Lynch more than the slightly more academic but nevertheless excellent reads like The Intelligent Investor by Benjamin Graham)
If you want to build long term wealth, change tack NOW. Or else, if you have enough money to fritter away, keep trying at the 1: 99 odds!
July 19th, 2009 at 5:44 pm
Easy fix… don’t day trade. By and hold good companies for the long term. Just as yourself, WWBD… What would Warren Buffet do =)