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Hello friends, I am Suraj Patil, welcome to your own YouTube channel. Today again I am back in front of you with a new topic and you must have read in the thumbnail of the video that we will talk about those five golden rules which Rakesh Jhunjhunwala ji, whom we used to call the Big Bull of the Indian Share Market.
He has told us these five golden rules. Ok? So what are those golden rules? Today we will see that one to one and its benefit will be for us, that is retail investors, that is long term investors, those who have just entered the market after seeing someone or listening to someone or even for the old ones, for all of them, there are five golden rules which Rakesh Jhunjhunuwala ji, who is our Big Bull as we call him, has said for the market, so those things are worth keeping in mind even today, so in the next video, I will tell you those five golden rules one by one, what are those five golden rules and how can we use them in our daily routine ?
What is? If such a big man has said this then what are those five golden rules ? You will see the whole thing. Don't skip the video. And which of those five golden rules apply to you? Or out of the five, you have to grab two which you find useful according to your behavior and your decision making power, and by catching that you can move ahead in the market in a good way.
So let us talk today about those five golden rules. Look at the first golden rule he has told. His first rule is that do not try to catch the exact timing of the share market [nasal sound] meaning our Indian stock market. What does it mean? Do n't try to catch the exact timing. Because they say that the share market is like an ocean.
You will say that I will wait for a good wave to come. I will try to bring a good wave. Then I will be able to do something good in it and then while waiting, the current condition of the market also goes away from your hands. So no one can catch the exact timing of the market. No matter how big or small an investor is , no matter how big or small a trader is, we cannot catch the exact timing.
Its best example is the time of Covid. If any of you people are watching this video, if there are any viewers from the time of Covid or if you were in the share market during the time of Covid, then you people know that at that time the market had gone down continuously for two to three months during Covid and even the biggest stocks like MRF were available to us at very cheap conditions at that time but it was going on in the news that the market will go down further or some things happened around us, it happened on Instagram, it happened on Telegram, it happened on WhatsApp groups, all these things became tips, so what was happening in these ?
News after news, news after news because the pandemic had already started in this world, India. Covid cases were increasing and its impact was on the stock market as the entire India was under lockdown. Everyone was sitting at home. All work was stopped. So in the meantime the companies were closed.
Due to which the stock market was continuously collapsing and going down. So what did people say in between that people said that no no no, it will not go down this low, it will go even lower than this. The stock market will go up to 8000, 7000, 6000 , 5000, even 2000, Nifty will go up to 2000. Some people said this also.
So, do you know what the smart traders and smart investors did in all these things ? He kept buying on every fall, wherever the market had a deep fall. There was a specific fall, then there was a buying, then there was a buying, then there was a buying. And after that, the recovery of the market that we have seen till today is around 23,000 or around 24,000, the market is running in the current condition.
So I am talking about that time that during the time of Covid, from 2021 to 2021 to 2223, if we talk about it, then many of us were waiting. People were saying that no sir, if the market comes to 4,000 then the market comes to 10,000 or if the market comes to 8,000 then only I will purchase. I will wait till then.
I will catch the exact time of the market. So nothing happened that way. And the smart investors kept buying at every fall and after the recovery, they got to see a huge profit there. So this means that do not try to catch the exact time of the market. What happens otherwise? I have just told you each and every patch of Covid.
The second patch I want to explain in this way is that if the market is going to fall or the market is going to rise. Ok? You are not sure about the market, no one can tell the exact timing of the market as to when it will go up and when it will come down. But it is only based on guesswork or as we say it is like taking a chance.
Ok? If we are confident that the market is going to go down after four days, then should I start selling from now or the market is going to go up after five days. I have seen it somewhere in the news, on WhatsApp, on the news or in Telegram, WhatsApp group or some tips provider has told me that after four days, by doing some wrong analysis of the market or all these things or we can say by taking a chance, if we decide that the market will go up after five days and we stand on the buying side or the selling side and then I watch the market, then the market goes against what we had thought.
Ok ? Then we say no, no, the market is wrong. Then I lost. My stop loss was hit. In this way, their golden number one rule says that never catch the exact time of the market. You should study well. Analyze his stock. Look at his peer competition. Look at its PE ratio. Look at its market cap. Look at its quarterly results.
Look at its functioning and see what the stock and the company is doing in today's condition. In this way, you people have to stay in the market by analyzing it and remain in the stock or whatever stock you are on, whether it is buying side or selling side, you have to do it properly and think about it and not just rely on luck or if tomorrow this happens in the market then that will happen, nothing like this happens, the market is always right, so wherever the market goes, we will go in that direction, but we do not know when it will go, but it is important for us to prepare for it from today.
The second golden rule says that you should learn to trust yourself more than the panic situation or the turmoil or commotion in the market. I will again tell you the golden number in reverse that if there is a panic situation in the market, if there is commotion, if there is chaos or if some different situation is coming in the market, it is falling, going upward, going down, if the market is working against your situation , then at that time you people should work with a calm mind and have confidence in yourself.
So what do they say in this golden rule number two, what is this in it, it has been said by Rakesh Jhunjhunwala ji sir that if you buy any stock, create any position, invest in any stock, then as I told in rule number one, in the same way you people should first have confidence in yourself that the stock that I have bought, I have not bought it on the basis of chance, on the basis of anyone's trust or on the basis of any tips provider, I have bought it on the basis of my knowledge, on the basis of my analysis, on the basis of my chart patterns, on the basis of my indicators, I have done my own analysis, after checking the company or after checking the entire fundamental of the company, then if I have invested or someone has invested, then whether the market goes up or down, but I know that the fall of a few days can give some good profits in my stock in the coming time, right now there is a panic situation in the market, somewhere there is a downfall, hence my stock is also going down, due to this, by getting panicked and believing some rumours, we We sell the stock and later see that after 15, 20, 25 days the same stock goes to a good high price.
Then we say that the market is wrong or I am wrong or look at my analysis, neither you are wrong nor your market is wrong nor your analysis is wrong. It is wrong. The only thing is that you people or we who believe in these rumours, taking advantage of the panic situation in the market, the news which is paid news or planted news, on some news channels, on WhatsApp groups, on tips providers, by trusting them, our decisions which are sometimes right decisions, they also go on the wrong side.
So this is what he says in Golden Rule Number Two that you people should first learn to trust yourself and with that trust you can move ahead in the market. Rule number three says that the stock market is not just a game of numbers. This is not a numbers game. So it's just played with emotions. Ok? So, in rule number three of our share market, it has been told that the share market does not run only on data.
It doesn't work with charts , fundamentals, chart patterns, or technical analysis. So it's okay. So it moves with that too but the share market also keeps moving with one's emotions and feelings. How is that? Because as I told you in rule number two that sometimes what happens, sometimes see what happens, if there is a company X or Z, then its business will not keep changing every minute, if there is a company, then its business will keep growing according to 1 month, 2 months, 3 months or 4 months, 6 months, it will not change in minutes, but yes, if the share price of the same company is seen, then it keeps going up and down in minutes, okay sometimes 100 points up, 100 points down, 1000 points up, 1000 points down, so that if we talk about its business, then its business is starting stable.
Whatever results come after three months, whatever results come after six months, but the business of the company keeps moving slowly and steadily. But the price of its share keeps going up and down, up and down. Ok? So what happens in this up and down is that our feelings are because there are some traders , investors, they come to the market with small amounts.
Ok? So first let's invest in some stock. As an intraday, consider it as cash trading, if you are trading in cash then you trade on top of that. Then that stock suddenly goes down and then you hold it again and become a swing trader. You become a swing trader. Then you wait for four-five days to see if the stock will go up or down in four days, then I will buy or sell it and after that if you look at it again then you become an investor because the stock is going up or down as per your expectations.
So what do you do then ? In sudden conditions, you lose your patience level and you go away bye. All he says is that you should control your feelings, control your patience and what happens in the market is that the growth of companies is slow but their stocks keep going up and down every minute, every day.
So along with that, your feelings and emotions also keep fluctuating. So it is important to control it. Sometimes what happens is that we get to see a bad fall even in good shares and sometimes it happens that even the stocks of a bad company, even a good company, are available at cheap prices due to bad times.
So you should know how to analyze and study this and your patience also depends on the market feeling by controlling your feelings. Who does he rely on? It runs on the basis of your feelings and not on the market itself because if I have ₹5000 in my pocket and I have collected it and am trading and if the stock goes down to ₹3000 or ₹3000 then anyone goes up and down out of fear, so by controlling that you need to move ahead with some patience, so he has told the golden rule that due to short term falling, like in the current market conditions, the market is falling a bit but short term his fourth rule says that there is no need to be afraid of short term falling or short term correction in the stock market.
Because what happens is that as I told you in the third example, if someone has ₹10,000 and if the stock is showing ₹4000-5000 in minus loss, if it is showing in red, then he starts becoming unstable. What happens is that out of fear he takes exit or the stop loss gets hit or he takes exit. Let's catch it.
So still he withdraws Rs 4000-5000 in loss and then after 15-20-25 days or a month, he sees that the same stock which he had bought for Rs 10,000, its price has become Rs 20,000-25,000. So Rakesh Jhunjhunwala ji says that there is no need to be afraid of short term failure. You need to have complete information about the stock you are buying.
It is important to know its fundamentals. His technical analysis, his chart analysis, fear competition. Everything is done and where does it stand in the current market conditions? What is his business? What will you do in future? If you are an intraday trader then it is done as per intraday. If the investor swings then the investor swings from the side.
But if there is a short fall , a short decline, a short correction in the market, then there is no need to worry about it at all. There is no need to be afraid of him. As said in rule number three, this is a game of true feelings or emotions along with statistics. So, you have to convert those emotions and patience into patience and stay in the market.
Only if you survive in this market will you be able to move ahead in the market. If you lose it all in one trade , right? And later, if you do not have any capital left, then you will not be able to move forward in the market or you will not have anything left for a few second trade or for investing in trading later.
So the same things have been told here that you should control your emotions. You should increase your patience level and there is no need to be afraid of the short fall and correction that is happening in the market. You should move ahead after proper study and analysis. Now we will talk about rule number five.
This five says never blame the market. What happens is that there are many traders and investors. There are small and big traders. He says, no friend, I had done the analysis properly. The knowledge was also good. I used all these indicators equally. But the market itself was wrong. The market itself is wrong.
Let me tell you guys. Let me tell you the thumb rule of the share market. The market is always right. The market is always right. You are not right. I would not be right. No one is right. The market is God. For someone who works in the stock market, the stock market is God. Feeling is God. Ok? So the stock market is always right.
The stock market is always right. The day you decide this thing in your mind, no one can stop you from achieving success. The reason for this is that sometimes the market goes against the position we create. And then we say, no friend, it is the market 's fault. My own stop loss came to be eaten. The rest of the stocks that I have on my watch list are shown in green.
Whatever I have taken is going negative. The market ate up my stop loss. The market deliberately fell to my level. He caused my loss and after causing my loss, he went up again. So it is not like that at all friends. First of all, you should remember your previous mistake, you had bought the stock, analyzed it, whatever knowledge you had gained, you had tracked its analysis and share.
The trade that you took, the previous trade that you took and the trade that you have taken in the current condition, you have to analyze all these things and then proceed to the next step. For example, if I have bought stocks x and z today and I have made some mistake in it, even if I have to sell that stock at a loss, then when I go for trading the next stock, I will think that the mistake I made in the previous stock was not due to the market or due to selling or due to correction in the market.
There must have been some mistake on my part. My analysis must have been lacking due to which I had to suffer that loss. So to correct that, next time when you trade, you should not repeat the previous mistake. Ok ? And that is what you should do, move ahead in a good way. In this way, first learn to accept the mistakes we have made.
It's not that the market is wrong. This one told me, that one told me. Hey brother, if any tips provider tells you that this stock has to be bought, it has come on any WhatsApp group, any Telegram channel, any Instagram channel, then what is its authenticity, you are listening to some tips provider, sometimes what happens, I have seen many such incidents that you listen to the tips provider but how does that tips provider look, I don't know from where he is talking, I don't know what he has studied, I do n't know, he just told me, I took it and I incurred a loss, then this condition happens, secondly, it happens on Telegram, WhatsApp channels.
I saw it there and purchased it. I lost it. So the fault is ours in that too. Third, if we see that some friend has bought my stock for short term. It is in his portfolio or something has been done with it, only then I buy it and then I incur loss in the stock. Still the mistake is mine because I don't know what analysis he has done.
And if I am taking it then I should also do some analysis or study in it. So it is not that I enter the market with my eyes completely closed and then if negative results come then I will completely blame the market. So it is not like that. First of all, learn to accept your own mistakes. The market is always right and the sentiment in the market is God.
So if you consider the market as God then you will definitely get good results. Do not repeat the mistake made in the previous stock in the next stock. And by doing this your performance also builds up. You will create a trading general. What analysis did you do in that previous stock ? What patterns did you use?
What indicator did you use ? At which level was the purchase made? What were you thinking when you invested? Please write all this. And when you enter the next stock, you should mention the things properly in that too and move ahead. What will happen in this is that when you make 10 trades, by the time you reach the 11th trade, you will automatically become mature.
Your own performance will start improving and you will move towards good results. So these are the five golden rules friends and along with this, if you want videos on any other topic then you can definitely mention it in the description box of the video or in the comment section of the video. Till then, thanks friends.
If you liked the video, please like, share and subscribe. Please mention your comments in the comment section of the video. My WhatsApp number is given in the description box. If you need any help or query, you can WhatsApp on that. I will definitely reply to that. So friends, let's meet in the next video with the next topic. Until then, thank you.
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