It has happened twice now. Yes, both the times the Indian Markets have crashed in the last six months, I sold off all my stocks just about a week before the fall. So that’s great news. Luckily I got rid of the stocks at the right time. Some instinct allowed me to time the market by exiting at the right time.
But the motivation behind the selling was to free some cash to apply for IPOs. That holds up the cash for 2-3 weeks, and I am not able to take the advantage of the stock market crash. There are so many stocks lying out there are at luring evaluations. But I have my money stuck with the IPOs.
It wouldn’t pinch if I got something from the IPO applications. But I haven’t been lucky yet. Again, with the sensex down a whooping 15+ % is the last 2-3 days. I can just witness it and can’t take any advantage. I just hope the reliance allotment covers up all this notional loss 
Comments
My instincts are in the opposite direction – how to lose money when the market crashes. I bought some Reliance MF units on Monday, and some more Fidelity MF units on Tuesday.
Well, I come from a family of financial people, so I know best when to lose money…
sir, please use this blog to share your timing and instincts the next time round, so that we can also benefit from your insights! we will closely monitor any such feeds coming in from iLog
@Ankit: You are being modest. You almost bought it at the right time. Let’s check at what NAV you got those funds
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@Nishith: There’s the other side of the coin which I didn’t mention. So from now I’ll share my moves. And then you can decide whether to trust my instincts
Finally, there’s some respite. I got 15 Reliance Power shares alloted against my application of 210. Let’s see how well it get’s listed!
I have not sold anything so far, but on paper I am losing on almost all the stocks I have bought so far. I guess I am the reason why so many people (like you) make money in the market
I will not look for IPOs now. Though I got the Reliance Power IPO…but no use…I’ll instead try and follow my instincts and trade in the secondary market and try my luck.
@Deepesh: I am almost right there with you. Not loosing a lot(except for Reliance Power)…but gaining neither.