Suggest
I bought 1 share at 400₹ now it's 700₹ currently. Now I'm wondering I should have bought more stocks. So how to plan these things ahead in this type of scenario in future?
Time in the market >>> Timing the market
Stop letting your emotions control your finances.
Based on your question, I am assuming that you are a beginner investor. Start with a simple index fund SIP for now.
Billion dollar hedge funds are not able to time the market. We have no chance.
If you are really confident of your stock picking ability, go full in. If it is just a fluke, eat a biryani with the profit.
Your issue essentially is position sizing.
Position Sizing comes from how much conviction you have in the stock, industry and the management.
If you have strong feelings about the stock and the industry in general then give it a higher weight relative to your other picks.
Did the same mistake, have 5-6 stocks which are 3x-4x but the allocation is only 1% for those stocks. So when you are investing in a new stock market sure the allocation is at least 3-5%. Another approach is the pyramid up. You increase your amount invested once stock goes by a certain percentage. So this way you have some safety net of stock falls due to past gains and your profit amount goes up as you increase allocation.
Tata motors, Iocl,....
can you give out the name of that stock ?