Are you losing money in the stock market? Here are top 10 mistakes you should avoid
Despite the rally in the long term, many investors lost money in the stock market due to some common mistakes that can be easily avoided. Below are the top mistakes to avoid in the stock market.
- Apr 5, 2023,
- Updated Apr 5, 2023 1:27 PM IST
The stock market is a place to create a huge wealth in the long run despite the volatility in the short run. Take this: the benchmark equity index BSE Sensex has rallied over 1,000 per cent to 58,991.52 in the past 23 years till March 31, 2023. Meanwhile, a couple of events such as the global financial crisis, demonetisation of currency notes, rising crude oil prices, rising inflation, outflows by foreign institutional investors and geopolitical tensions kept the market sentiment jittery. Despite the rally in the long term, many investors lost money in the stock market due to some common mistakes that can be easily avoided. Below are the top mistakes to avoid in the stock market.
Trading too frequently can lead to high transaction costs and taxes, which can eat into an investor's returns. It is important to have a disciplined approach to investing and avoid excessive trading.
Also read: RIL, ITC, TCS, SBI, Infosys: How LIC's top 10 stock holdings fared in 2023 so far
Also read: YES Bank shares: Private lender's stock in focus after March quarter updates
The stock market is a place to create a huge wealth in the long run despite the volatility in the short run. Take this: the benchmark equity index BSE Sensex has rallied over 1,000 per cent to 58,991.52 in the past 23 years till March 31, 2023. Meanwhile, a couple of events such as the global financial crisis, demonetisation of currency notes, rising crude oil prices, rising inflation, outflows by foreign institutional investors and geopolitical tensions kept the market sentiment jittery. Despite the rally in the long term, many investors lost money in the stock market due to some common mistakes that can be easily avoided. Below are the top mistakes to avoid in the stock market.
Trading too frequently can lead to high transaction costs and taxes, which can eat into an investor's returns. It is important to have a disciplined approach to investing and avoid excessive trading.
Also read: RIL, ITC, TCS, SBI, Infosys: How LIC's top 10 stock holdings fared in 2023 so far
Also read: YES Bank shares: Private lender's stock in focus after March quarter updates