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Is it a good idea to divide 10 lakh rupees into 100 stocks of 10000 each, buy good large cap stocks and sell each stock as soon as you earn 500 rupees and keep repeating this continuously?

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Ideally there is statistics which says 15–20 stocks enough for investor.
If you divide 10 lakh into 10 stocks which is not a bad idea. You can.
Making 500 or 5000 is your mind of game. When to exit. There is no time. Even people stick for lifetime if they think I believe in this business.
Well exiting and entering is different ball game than allocation of funds to different stocks.
Read and learn all from stock related books in better manner.

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