Whenever I think about the stock market, I remember what would have been the case if I had held some of the stocks that I was holding back then. I guess this can be a regret for anyone, but taking a look at the growth of some of the stocks, I keep getting this thought. Ganesh Housing is one such stock that keeps telling me that it was a missed opportunity. I was holding 2000 units of this stock about five years back.
Fundamentals are strong
I was attending a stock market session when someone mentioned that the fundamentals are very strong for Ganesh Housing. It was a big puzzle why this stock did not skyrocket. Back then, I paid a lot of attention to this because I was holding this stock before even attending that session. One of my friends mentioned this stock, and it was also highly affordable for me. I thought maybe I could make a short-term profit out of it. But I ended up having it for years.
I remember buying this stock for about 60 or 70 Rs about 7 years back. Today the price of this stock is over 1300 Rs which is more than 20X the initial price. I have seen many such stocks grow in the last 5 to 7 years but this one had a great growth I should say. Today I'm not holding this stock anymore.
I had a profit but not this much
I imagined how much my profit would have been if I had held this stock today. I sold the stock for a decent profit. Maybe I think I sold it when the price doubled. I was happy with the trade and I thought it was best. The expectation was for the stock to grow bigger but it was having a gradual increase. But my instincts still said that there might be a great opportunity for this stock but it never happened. Even until recently the price was only gradually increasing.
I sold the stock for a 2X profit and did not observe this stock at all. A few days back when I was checking I noticed that the price was 1300 Rs. If I had held my stock my overall profit would have been more than 25 lakhs. But yeah we cannot predict what happens to us in the stock market. But I'm still glad that I sold it only for a decent profit and it was also the right time I did it. I'm currently holding some of the stocks and I have similar hopes for those stocks too. I'm thinking of purchasing some new stocks that can have the same potential after 7 years from now. It is hard to predict or find but sometimes it can happen.
If you like what I'm doing on Hive, you can vote me as a witness with the links below.
 |
 |
 |
Posted Using InLeo Alpha
Wow!!! That's gotta sting bro.
But that is the thing with the stocks no one knows how much the stocks will go up. 2X is still a very good return. The fundamentals and tech analysis can only give you hints about the directions but may not be able to provide the targets. I have been studying the stocks for the last 6 months and one thing I understood is that one can never be 100% sure of the analysis. I am just studying the Nifty50 Stocks, as I am too inexperienced to venture into the mid and small cap.
What made you purchase this stock? Can you please share the details like the parameters you used for hunting this one.
❤️☮️
Mere to bahut se paise kitne saalo se fasi hai 😬, tab pata nahi tha kaha invest krna hai aab thora thora idea ho gya hai. Playing safe now.
Sahi jaa rahe ho bhai.
Apna bhi scene yehi tha. Uske upper credit card ka chakkar.
Matlab chote se bucket mein bhi chedh kar diya tha mein 🤣
But koi nahi, abhi thoda samjah aa raha hain finance.
sahe apne, credit card ka to alag he seen hai..
I had a friend who was good at buying stocks. I just followed his footsteps. But it was long back. These days I'm not into stocks. 🙂
That's a big pump... But at least you made a profit
This post has been manually curated by @steemflow from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating to @indiaunited. We share more than 100 % of the curation rewards with the delegators in the form of IUC tokens. HP delegators and IUC token holders also get upto 20% additional vote weight.
Here are some handy links for delegations: 100HP, 250HP, 500HP, 1000HP.
100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @steemflow by upvoting this comment and support the community by voting the posts made by @indiaunited..
This post received an extra 20.00% vote for delegating HP / holding IUC tokens.
I feel you with this as I had some stocks that I got tired to wait for a significant increase. I sold and in less than 1 year the price went x3. We simply cannot ride them all.
Exactly. We simply cannot ride on everything.
The price of the stock has increased a lot, you missed the chance to make a profit, don't be upset, the chance will come again.
I guess you win some , you lose some . Experience is the best teacher they say so quit regretting. I'm sure you have learnt one or two lessons from this scenario and moving forward I'm sure you will make amends when taking any financial move.
I really wish to start buying stocks but most times, I’m confused
I don’t even know this one will yield profit