Thanks Daksh for taking time to enlighten me.
I am sure if you hold on to a good stock, you will be the ultimate beneficiary. I just mentioned the practical difficulty to create the mindset to hold on in my case.
I tried a few stocks before but did discontinue it after 2 years without much benefit ( may be if you had stayed away from the regular reports and trends may be i would have stayed on) But I never tried on the stocks you mentioned. Also I will definitely check minimum fundamentals (at least quarter wise performance, divident history,buisiness prospects, promoters stake rather confidence in the company, and their good will etc) before i venture. And I rarely lost in my method. IN FACT THIS GAVE ME BETTER RESULTS THAN MY SIP. So that is why I mentioned it.
But even after selecting this way there are times where a good stock (for eg.ICSA,Ashapura minechem etc) that I believed in could slump to low level due to other reasons. In such cases I have 2 options
One is to accumulate further at lower levels (this could be done if you are planning for long term investment and liquidity is no problem for you)
Another option is to play with a strict stop loss at every rise(that is to imply bit of technicals and watch for a support and resistance method and re-enter accordingly)
Sorry My message is going long....
Any way may be my trading strategy is poor and i am lucky that so far i didn't get much beating yet... So I won't advice it to anybody.
Thanks Daksh for your time..By the way there are a no. of people asking you your favorite Sip candidates for the future and the ones you hold for the past few years... Will you reveal one or two for the Mumbai Bulls ...hmm..hm