I can never forget that day, which altered my life. It was 20 October 2011. Intraday trading was brand-new principle for me. I was delighted roughly trading in Securities market. It” s simply been one week I had entered in Stock exchange and also I was aiming to comprehend how you can trade in Stock Market. I always observe hurrying my good friend in cafeteria to finish his breakfast before 9.15 am (Time to start Indian Securities market). He was young, Smart and Intelligent, he utilize to keep an eye on securities market” s Update extremely carefully as well as use to describe me … “See this stock will certainly fall or will increase now …” and also to my shock it utilize to take place the majority of the time. I started assuming, why not I ought to open a demat account as well as use his skill and also gain some added 4 to 5 thousand monthly. I had 1 lakh rupee in my saving account and also opened a demat account with ICICI rely on 12th October 2011 and by 19th October my account was active to put Buy or Selling order in Stock exchange for Intraday Trading, Future and also Options and also for distribution calls I assumed from 20th October I will certainly start my trading, however sadly I was ill on that particular day and also I can not go to firm, I did Lakshmi Pooja in the morning as well as I chose to watch CNBC awaz & & take advise from my buddy over phone. I was not exactly sure how you can position a trade, I called my good friend and also he clarified me over phone, by 10 am I obtained a call from my pal” hi Raju, there is a stock called M as well as B change provided today, you take a sell call on it at present market value, Rush!!!”. He hanged up promptly, I might only keep in mind Stock name “M as well as B switch gear” yet I did not observe his other details.
I read in books and also had actually heard my father stating me regularly “Little knowledge is always danger”, yet I did never take his words all the best. I bought the stock at Present market Price,135 as well as I bought in margin because i was very certain on my good friend” s tip as well as like every trader I additionally intended to gain even more:–RRB-), I traded for Stock worth 5 lakhs. After 10 minutes, my Good friend called “hi Raju, did you take Offer contact that stock, I stated yes I took at 135”. Really I did a mistake, he asked me to take sell phone call yet I took Buy contact that stock since I did not know the best ways to sell a stock. My daddy called me and asked me to obtain ready for medical checkup, I did not expose about my trading to my father as he is totally versus of Buying stock market. He constantly utilize to suggest me to purchase LIC, do some Fixed Down payment or acquire some Gold. That day I was not willing to move away from my computer system display.
My pal has told me that, if stock falls we will certainly remain in earnings as well as by the time i will leave for medical professional, stock came down to 122 as well as I was very delighted and also Educated my close friend that my daddy is insisting me to see doctor. He assured me that he will certainly keep me upgraded with the stock update. I was very delighted that I have actually made Rs 13 revenue on each share however I was not aware that I am actually in loss of Rs 13 each share as I had actually taken Buy call. somehow I neglected my cell before my computer system while leaving home for health center, en route I understood that I am not having my cell phone with me. Daddy saw me in stressful as well as asked me if i am feeling uneasy. I can not expose him anything as well as I had not saved my buddy cell number in my journal to call up from my father” s mobile phone. The M and B button” this stock drop till 118 and after that all of a sudden relocated till 181, My pal was aiming to reach me continuously ahead from the stock however he was not getting any type of action, lastly My Mom lifted the call as well as she provided my papa” s cell number to contact me.
My friend called me and asked me to leave from the stock as quickly as possible, he informed the stock transferred to 200 and also he lost nearly Rs 80,000. I was stunned; I can not clarify my situation in words. The worse trait was yet to happen, I was not familiar with my demat account” s User Id, to make sure that I can have asked my fried to login on my part. I was shocked as well as drab, I was thinking about the strategies I had for coming days. I was cursing myself for taking a decision to begin trading. I had actually planned for my dream Bike that I intended to purchase, I kept in mind Rs 10,000 which i had to return to one of my close friend and a lot more. My pal was attempting to console me that the stock might slip dramatically. I called ICICI guide (demat) client care and also requested him to help me, they seemed helpless as I was uncertain with my account associated information, I inquired what will take place if i am unable ahead from the stock by my very own, they said that demat account will sell/buy your stock by 3.15 pm instantly if traded in margin. (I had sold margin.)
The stock was at Rs 330, by 3 Pm. My good friend called me and claimed sorry, I recognized I shed all my cost savings. I was praying to God for some miracle as well as was cursing me on taking decision to go into in intraday trading. I got to house at 4 Pm and My friend was awaiting me at my residence, I wished to strike him hard yet … My mother aimed to inquire about my well being but i did not care of her word and also made a fast move to start my computer system. My good friend asked me to check the equilibrium. IT WAS RS 12,76,000. I COULD NOT BELIEVE ON MY EYES AND ALSO IT FULL OF RIPS. SPLITS OF JOY … My pal might not comprehend just how could it be possible.