I was reading clients mind for entry and exit in equity market. Lot of people fear from market volatility and try to pacify them that it is not their cup of tea. Those who track market to get an entry at right time never got an opportunity because of their fear that if market could fall more from here than they will lose their money. Its common practice for clients to time the market but they don’t know the reality, nobody can time the market. It’s even not possible for big fund managers to time the market; they just follow their strategies and concentrate towards their long term approach.
Nowadays, Nifty is rolling up and down from 7500 to 7700 levels, and it is actually nature of equity. Market can’t go in one direction and nobody can time it. As market moves towards downward due to any reasons like bad data, fed rate hike, China problem etc., everybody looks for some correction to enter the market but without any target levels. They just again try to get maximum but I am sure they didn’t get entry because market never tells the last point. Client always want to buy on lower levels like if nifty come at 8000 level, they wait for 7800 to come and if 7800 comes again wait for 7500 levels. But market bounced back anytime in between and client always remain outside. So, do meditation to control your emotions i.e. Patience and Greed so that you can make your target before entering the market and follow the principles of long term approach and stay invested during bear phases also. Don’t get panic from short term corrections; it will remain there as always.
So any correction gives an opportunity to buy more and average your investment cost. Exit is not a solution as your goal is far away.
Entry and exit not matters only principle of investing matters, so follow a long term approach and make your target or goal and plan accordingly the help of financial planner.
If bull never stays for long than how come bear…
Invest Mart