Greed and fear are a part of human behaviour and I lost to the former one during the second week of May when I bought a little known stock Birla Tyres.
As a small equity investor, I doubled my money during the recent bull run which started on March 24. Stocks like Quess Corp, Aurobindo Pharma, HDFC Bank and Reliance Industries doubled my money in just few days. And that time one more Robinhood investor was born on Dalal Street.
I became over confident and tried to experiment with penny stock. My greed trapped me in Birla Tyres. The objective was to catch the upper circuit and make quick money. I invested Rs 13,000 in the stock. I thought I was lucky to get some shares of this gem.
The stock further increased my portfolio by more than 50 per cent in less than 1 month. I was on Cloud 9.
Thereafter, the day was come and I got stuck in this stock. It has been hitting lowe circuit since July 3. Now my capital invested in this stock is down by 50 per cent. High networth investor and operators got sucess in creating a trap for small investors.
Now Robinhoods like me are waiting for the normal trading in Birla Tyres, so they can also exit the position even at a loss.
Lesson: Don’t put your money in circuit stocks, always invest your money in the company you understand, have brand visibility and scalable business.
Disclaimer: Information shared in this post are for information purpose only. Not a Sebi registered analyst. Happy Investing!
Zero Battey Zero 