Be wary of bull market traps

A decade ago, many investors had entered a rising market and lost significant wealth

Ten years ago, when the BSE exchange’s Sensitive Index, or Sensex, was fast closing in on 20,000 points, Rahul Agrawal, 40-year-old entrepreneur and regular investor in the stock market, took a personal loan of Rs 10 lakh and bought select stocks. He even tried his hand at futures trading. About a year later, the value had been reduced to less than Rs 1 lakh.
 
 “The drop was so fast that I could not get out. Though the market recovered in the following year (2009), it took a long time for me to make some money on the investment. Meanwhile,