Busting the Investing Myth that Penny Stocks Can Lead to Marvellous Riches

penny-stocks--MarketSmith-India

“What you’ll find is that little acorns can grow into giant oaks, and that with persistence and hard work, anything is possible.” – William J. O’Neil, MarketSmith Founder.

In recent days, MarketSmith India has been highlighting some investing myths that need to be debunked.

These include the idea of buying a stock with its price on the way down, so that your average cost goes lower, and the notion that you can always make money by buying low, selling high.

Today, the myth that a growth investor should never fall for, is the false promise of riches from penny shares.

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Daily Big Picture – Lack of Positive Cues Drag Key Indices Down

Today’s action:

The major stock indices declined further today, widening the gap from their all-time highs. The Nifty Midcap index and Smallcap indices recover sharply.

Current Outlook:

●      Market environment conducive for new purchases, but remain selective.

●      Focus on fundamentally strong stocks breaking out of sound base patterns.

●      Stay disciplined and exercise sound buy and sell rules.

Continue reading “Daily Big Picture – Lack of Positive Cues Drag Key Indices Down”

How to read Charts with Skills to Identify Correct Buy Points – MarketSmith Webinar

[embedyt] https://www.youtube.com/watch?v=Nwd5kUykXOY[/embedyt]

MarketSmith India stock charts save you time on investment research by providing technical and fundamental data in a single, easy-to-read format. Our charts are comprehensive and intuitive and offer the key indicators, historical data and pricing information you need to make smart investment decisions.
This webinar covers the following:
1. Why use charts
2. What to look for in a chart
3. How to Find Winning Stocks Using Chart Patterns
4. How to Improve Your Chart-Reading Skills