"imagine a tree.
let’s suppose this tree represents the tree of life.
on this tree there are fruits.
in life, our fruits are called our results.
(suppose) we look at the fruits (our results) and we don’t like them;
(either) there aren’t enough of them, they’re too small, or they don’t taste good.
so what do we tend to do?
most of us put even more attention and focus on the fruits, our results.
but what is it that actually creates those particular fruits?
it’s the seeds and the roots that create those fruits.
it’s what’s under the ground that creates what’s above the ground.
it’s what’s invisible that creates what’s visible.
so what does that mean?
it means that if you want to change the fruits,
you will first have to change the roots.
if you want to change the visible, you must first change the invisible."
- T.Harv Eker
=====
your mindset
whether programmed to be a millionaire
or programmed to be a pauper
is that invisible force
behind your present!
Monday, January 31, 2011
Sunday, January 30, 2011
why winning lottery may still not make you rich? (words from masters)
"....if you come into big money
when you’re not ready for it on the inside,
the chances are your wealth will be short-lived
and you will lose it.
The vast majority of people
simply do not have the internal capacity
to create
and hold on to
large amounts of money
and the increased challenges that go
with more money and success.
That, my friends,
is the primary reason
they don’t have much money.
A perfect example is
lottery winners.
Research has shown again and again
that regardless of the size of their winnings,
most lottery winners eventually return to their original financial state,
the amount they can comfortably handle.
On the other hand,
the opposite occurs for self-made millionaires.
Notice that when self-made millionaires lose their money,
they usually have it back within a relatively short time.
the (difference):
the millionaire mind.
some people’s financial thermostats are set for generating
hundreds, not even thousands;
and some people’s financial
thermostats are set for below zero."
- T. Harv Eker
when you’re not ready for it on the inside,
the chances are your wealth will be short-lived
and you will lose it.
The vast majority of people
simply do not have the internal capacity
to create
and hold on to
large amounts of money
and the increased challenges that go
with more money and success.
That, my friends,
is the primary reason
they don’t have much money.
A perfect example is
lottery winners.
Research has shown again and again
that regardless of the size of their winnings,
most lottery winners eventually return to their original financial state,
the amount they can comfortably handle.
On the other hand,
the opposite occurs for self-made millionaires.
Notice that when self-made millionaires lose their money,
they usually have it back within a relatively short time.
the (difference):
the millionaire mind.
some people’s financial thermostats are set for generating
hundreds, not even thousands;
and some people’s financial
thermostats are set for below zero."
- T. Harv Eker
come, let's have some ice-cream!
i am hungry
i have decided to eat my favourite ice-cream
i have opened the fridge
i have taken out the full ice-cream brick
i have started eating the ice-cream
it is so tasty and yummy!
--
the scoops are getting bigger
and more frequent
the technicals are clearly saying
that the size of the brick
is falling fast
and i am likely to slow down and stop!
--
but i am enjoying it.
the more i am eating it
the more i want to eat it!
--
my granny has seen me eating the ice-cream
she knows that i have a sensitive throat
so she asks me to eat only one cup.
"you have eaten enough, child!"
she says.
i look angrily at the informer (technical indicators)
they are clearly screaming that i have overeaten it!
but it is so hard to put it down!
i ignore granny's message
cold-shoulder the technicals
and continue licking and gulping
my tasty creamy ice-cream!
--
15 minutes have passed by now,
i have eaten
much more than i initially intended to eat,
the technicals have picked up the placards shouting
"severely overeaten!!!"
my stomach is satisfied
but my tongue is not,
neither are my intentions!
so, i continue to enjoy!!
--
it is half an hour since the party began!
the brick is more inside me
than left on the plate!
the technicals are red in their face.
so is the granny!
--
i pause
put down the plate
have a walk till the verandah
come back
look at the inviting plate
and pounce on it!
--
granny starts laughing
and goes!
technicals start looking the other way!
--
i fail to understand
why the technicals were predicting
the end of the trend
of the grand party?!
i am still feeling
as if i have just started!!!
who says i have over-eaten?
i am sure they don't know my capacity!
--
a full hour has passed by now.
i have finished the entire brick.
granny has thrown out the brick wrapper
wrapped around the technicals!
==============================
moral of the story:
while trading or eating ice-cream
forget about technicals
and logic
.......just follow the mood of the moment!
i have decided to eat my favourite ice-cream
i have opened the fridge
i have taken out the full ice-cream brick
i have started eating the ice-cream
it is so tasty and yummy!
--
the scoops are getting bigger
and more frequent
the technicals are clearly saying
that the size of the brick
is falling fast
and i am likely to slow down and stop!
--
but i am enjoying it.
the more i am eating it
the more i want to eat it!
--
my granny has seen me eating the ice-cream
she knows that i have a sensitive throat
so she asks me to eat only one cup.
"you have eaten enough, child!"
she says.
i look angrily at the informer (technical indicators)
they are clearly screaming that i have overeaten it!
but it is so hard to put it down!
i ignore granny's message
cold-shoulder the technicals
and continue licking and gulping
my tasty creamy ice-cream!
--
15 minutes have passed by now,
i have eaten
much more than i initially intended to eat,
the technicals have picked up the placards shouting
"severely overeaten!!!"
my stomach is satisfied
but my tongue is not,
neither are my intentions!
so, i continue to enjoy!!
--
it is half an hour since the party began!
the brick is more inside me
than left on the plate!
the technicals are red in their face.
so is the granny!
--
i pause
put down the plate
have a walk till the verandah
come back
look at the inviting plate
and pounce on it!
--
granny starts laughing
and goes!
technicals start looking the other way!
--
i fail to understand
why the technicals were predicting
the end of the trend
of the grand party?!
i am still feeling
as if i have just started!!!
who says i have over-eaten?
i am sure they don't know my capacity!
--
a full hour has passed by now.
i have finished the entire brick.
granny has thrown out the brick wrapper
wrapped around the technicals!
==============================
moral of the story:
while trading or eating ice-cream
forget about technicals
and logic
.......just follow the mood of the moment!
list of my 500+ articles so far
don't let your investments sink
tab your ego without going broke!
zig-zag-zoom!
the great irony of trading
4 simple rules of Richard Dennis
disadvantages of being too logical (words from masters)
why supports & resistances work (words from masters)
bite the bullet!
my self challenge that keeps me going
fear of height and depth in trading!
have strong opinions,hold them weakly(words fm masters)
at times u may be right&still lose (words from masters)
trading - in the eyes of dictionary!
importance of risk (words from masters)
emotions,inexperience& trained gut (words from masters)
recognizing scalping opportunities (words from masters)
importance of training intuition (words from masters)
library of experiences (words from masters)
21 days
how to judge a trend?
looking for a jackpot?
trading @ market opening
happy birthday to you!
remembering russia's pain
life inside a pyramid
trader's fast!
kalka-howrah mail - 2
pl don't read this book.!
kalka-howrah mail
7 enemies,1 friend & 1 advisor of a day trader
swing trading vs day trading
how to overcome your sunsign in trading?
understanding PISCES traders!
understanding AQUARIOUS traders!
understanding SAGITTARIUS traders!
understanding CAPRICORN traders!
understanding LIBRAN traders!
understanding CANCERIAN traders!
understanding VIRGO traders!
understanding TAURUS traders!
understanding SCORPION traders!
understanding LEO traders!
understanding GEMINI traders!
understanding ARIES traders!
identifying a trader among the investors
best stocks for investing and trading
say no!
tomorrow never comes
the trader who sold his ferrari
paper trading wingman trading (ultimate safe method)
Just 3
want a magical method?
4 reasons why technicals go wrong!
something was missing!
he or she?
remembering my uncle!
nip that pain in the bud!
road to riches!
4 names of money
secret self talk of winner traders
uncle sam's burgers
deciding the target
platforms & airports of trading
back hand of trading!
trading @ the speed of google!
how to win big!
Capacity
'the secret' in stock trading
why we don't trigger stop loss
did you fall in trade?
one way to move forward despite losses
a gift cheque for you!
why u trade decides what u get!
snake of loss!
ready for it - III
ready for it - II
mind v/s indicators
ready for it? (Part-I)
bravery in the market
the game doesn't end with technical analyses - II
the game doesn't end with technical analyses
high probability turning points (Js)
least painful trading method - II
least painful trading method
trading decisions!
day trading without indicators
future of realty sector
where to invest?
Future of I.T.
coaching a champion!
weapons of mass destruction
interpreting change in open interest
interpreting put-call ratio
understanding crowd - IV
understanding crowd - III
understanding crowd - II
understanding crowd - I
availability and affordability of hell
give me a chance!
me and my 11 friends
Don't overpay
Trading with Memory!
Gone with the wind!
4 steps to become a legendary trader!
The real horses in the race!
Clear Hai!
Why do we Gamble - I
5 M's of trading
"5s" of a trading mind
Prepaid Trading - IV
Prepaid Trading - III
Prepaid Trading - II
Prepaid Trading - I
and the winner is....
"Let's play a game!"
I M POSSIBLE
Trading stocks in a Casino?
10 Dog Facts for Traders
10 laws of effective trading
The Tip of an Iceberg!
The Trading Mahabharata
If you ask me
Basic Mathematics of Trading
Myers-Briggs trader personality types
What do you do when?
waiting for you!
Trading on gut feeling?
Difference of opinion!
"Don't trade!"
"Go get the prize!"
Respect the indicator but ignore it
Top Guns!
difference between trading & life's challenges
a note to the new traders
Midnight sleep-blabber of a stressed trader - II
"Why take it to heart?"
Myths & Facts about Hypnotism - II
Myths & Facts about Hypnotism
Crumple zones of stock market!
Invisible Profit Powers behind winner traders!
11 Bitter Pills of Trading!
Taking us all for a ride?
Why overnight BTST works!
Market Warfare !
Snakes in stock market
Future of Automobile Sector in India - I
Bidding for Diana!
Are you a rebel?
7 secrets about RSI experts don't want U to know!
Abraham Maslow Hierarchy of trader's needs
Seeds of loss-II
Seeds of loss!
Making of a professional trader
Choose right, sit tight!
"Holy Gambling"
Road to Heaven!
Tandoor and the Knife!
4 advance mistakes traders commit
Licking the wounds!
Are you a boat or a ship?
A crash course in Day Trading!
punishment for forgetting it
"They are after your mind, buddy!"
Languages I know
16 types of knives for a trader
A stop loss that fights back!
Not my money
Power of Negative Thinking
Apples of Himachal
"Was it you ?!"
Story of a Prince!
Hard boiled !
liars on the dalal street
"This Technical Indicator is faulty!"
Business on a rainy day!
"Paid to be right!"
how to tell how long will the rally continue?
SMA-RSI trading technique
Walk alone!
How and when I use options
56 and counting!
Who's a smart trader?
when to catch a falling knife!
Stunt trading
Birds of a feather (learning swing trading)
Exit to Hell
Grass on the other side
be like an Angel
Another way to practice trading without money
why women are better traders than men?
no time for loss!
Learning to fly!
Mr.Practical
Mind your words!
Unanswered prayer!
do it first, think later!
Why nifty may never cross 15000?
Trading lessons from Politicians
Time the trades, not the investments!
Trading lessons from butterflies
Trading lessons from turtles
"I Quit"
Let go! (Power Soup for the injured traders' soul)
A hen for 100 bucks?
PAT on the back
Fore-noon Express!
Noon Express!
go with the growth!
True value of a share?
Only way fundamentally good stock can crash!
Investing without tears!
A pin for the balloon (When to short?)
Forget about the legs!
When to square-off and reverse?
Doing a SAR with RSI and William%R
How rich are you?
The ghost under the lamp post no.5000!
Is fundamental stock picking difficult?
3 enemies of a trader
"No lollipop pl !" (Understanding Balancesheet-II)
"Dearest Papa!" (Understanding Balancesheet)
Profit by chance!
Fundamental difference
To eat or not to eat the cake (U/standg F/mentals)
Sit on the mushroom! (Understanding Fundamentals)
When u miss the train
"Keep it up!" (in lighter vein)
"any amount, my child!"
Try this out - IV
it shows in the results
The price u pay!
A dog in the Metro!
Understanding Hedging - I
Squaring-off too early or too late?
Think again!
Crouching Trader, Hidden Chameleon!
3 to choose from
Take good care of your car!
the multiplication factor
Hazaaron khwahishen aisi
Everything or nothing
Why Shorting is different?
If u were a stock what will be your price?
Archimedes Principle in stock market!
Invest with Lighthouse-in-the-sea!
Business Ideas
8 types of Money
The wonder called Mental Accounting!
6 Laws of Trading Risk
Legs for the Will!
Something happens at 61
Swing trading with Fibonacci
Interpreting Fibonacci Levels
The turning point!
Understanding Fundamentals - I
R-Criteria, P-Criteria
William-RSI Combo Hypothesis
Try this out - III
Try this out - II
Why u must not miss BTST?
Try this out
From the sea to the swimming pools
Midnight sleep-blabber of a stressed trader
How market beats us
Lines of defence in trading!
What's your Achilles' Heel?
Fundamentally Technical !
How traders can "get" 70% "discount" on anything!
Have a break!
Disclaimer=!@#$%^&()
Turning points in my stock trading career
101 ways to know the current trend
Trade with Mr.William
My journey in stock market till now
Do this to boost profits & choke losses!
The 15 minute rule
How much can be made from 1 lac per month?
Understanding Islamic Investment
Have you got your heat treatment?
A strange way of stock picking
Intention and ambition of stock price!
The Apple & the Wire-mesh Technique
Efficiently Effective
Gambling is not good but
8 paradoxical commandments of stock trading
Stepup stepdown theory (mother of all trading theories)
Forget her!
On road to your drug discovery!
My Swiss Army Trading Knife
First, just pull the plug!
Take this trader test & know yourself better
Life lessons from RSI
Who will decide .?
RSI-SMA double-trap technique
"Its all in your head, youngman!"
Why is the man on the other side laughing?
Unfinished story
Trade "hunting" lessons from Lions!
Don't close your eyes!
Welles Wilder - father of RSI & SAR (a biographical sketch)
One RSI, Two Rubber bands
Dr.Elango's RSI dilemma
RSI - rocket behind the price!
Things to look for in price-rsi charts
Why I prefer trading Nifty instead of stocks!
Aban - a Titanic dilemma?
Open your mouth!
My RSI side-notes
Uncle Chips' cool advise!
Advanced Jet Trainer
Helicoptor is better than Microscope!
The Toy Indicator!
The Greasy mess of Greece
Photographs of tired RSI
Invest in & hold on to these 10 stocks for lifetime!
Pizza delivery experts
Fill it, Shut it, Forget it!
To RSI Sir, with Love!
Amazing Side-Effects of RSI !
8 stages of the Price-RSI rocket
8 voices Overheard in a coffee house near stock exchange!
RSI - the fox!
Trading, MF or ULIP ? Straight Talk
3 "hands" and 1 "window"!
Onions with a pinch of salt!
"Long-term greedy"
Itch thrills but kills!
"Thank you, Sethji!"
RSI Protocol
The Final Method (U'll never lose ever again/Will recover all lost)
Be punctual ! Use Watch !
Real Tears,Sweat and Blood!
What my 28 teachers tell me when i am afraid to take risk!
"Madhushala"
87½% chance of profit!
Essay on "trader" written by a trader's son in matric exam!
Is it a Bye or a Goodbye?
Stop! Face it!
Aladdin's Genie and the stock trader
Difference is in the language!
"You won't do it"
The Good,the Not-so-bad & the Ugly timing
How to trigger Stop Loss and still be happy?
Do u have a "Swiss" Bank account?
Do u have this money plant at home!
How to BTST with RSI
The Man who brought the world down?
"Hello! I am Lakshmi Ramachandran !"
Exhausted RSI is worth a million dollars
a diary page found on the road!
"ye suicide hi tha!"
What is the blood group of a trader?
The mood of the master can be judged from the behaviour of the servant (Mastering RSI-I)
R U a developed country?
Day Trade with RSI
5 is a Porfolio, 40 is a Zoo!
"Hasta la Vista, Baby!"
A daylight robbery!
A stock without face!
Technical view of implications of RBI move
The Boy Plunger (a biographical sketch)!
Testing the Dog's mood!
Sun Tzu & the art of trading
Candles with a single wick never lie (Understanding Candles-III)
Signs of Amateur and Professional Traders
Candles with a single wick never lie (Understanding Candlesticks-III)
Start, Pause, Stop (Understanding Candlesticks-II)
U already know all about Options! (Understanding Options-III)
$implicit¥ (Understanding Options-II)
Long live the experts!
Mr.Morubozu and his family of Talking Candles
3 ways to shop a stock (Understanding Options-I)
When wishes became options
20 Un-Optional laws of Options
Where to put stop loss in day trading?
This season catch the cold!
Trade the Cheetahs, avoid the Elephants
3 'S' to enter, 4 'S' to exit!
"Don't trade, if you need to make money"
Don't be adamant
Dow Theory
Do u feel bored in trading! Congratulations!
Climbing the mountain with Support Hooks (Chart Practice)
Don't mix the two
How to use Trailing Stop loss?
Honorary BA (Stock Trading)
To swing or not to swing? (Dilemma of a younger brother)
Trading blunder
Biggest blunder in trading!
"Tips are for waiters"
The best trading software in the world
Do you have the magnet?
Double Trap Intraday Technique
The missing bite!
Harshad Mehta (a short biographical sketch)
How do you do that!
What all to look for in a graph?
Rakesh Jhunjhunwala (a short biographical sketch)
Predicting the Volcanos in stock market
A blessing for the educated unemployed,underemployed & the exploited
Trading Brahmaastra
How to make double money .(Part 2)
How to make double money .(Part I)
It is not about money, honey!
16 Basic etiquettes of stock trading!
Don't worry, be Happy !
Trading Strategies for big events like Budget!
Pay Cheque mentality!
3 Secret Trading Lessons
"The 8th wonder of the world"
Shadow of the Bull/Bear
How to estimate price graph of the next day?
Deadly combination of 34 and 8
Your job is a stock !
A million rupee opportunity?
Nifty @ 6600 this year?
Trading lessons from Elephants
Trading technique only for the frustrated,dejected & rejected!
What's in my left pocket, What's in my right pocket?
PESCo PESRIIICO .(Fundamentals of Fundamentals)
The birds are free . (Trading Strategy)
A very strange trading strategy
Catapult Day Trading Technique
What do they do when .?
"bewafa" nifty
The Story of Mr.Smart & Mr.Wise
A "different" technical indicator !
The surest way to lose
Informers, Advisors & Body Guards (My Trading Method)
which trading technique should you use
BTST at its rawest !
when everything else fails, try this trading technique
laughing all the way to bank
13 earthquakes of Stock Market
I admire your patience
Do you hate the punters?...don't !
Do u play with white or black?
Climb, Spike and Shift (Day Trading Technique)
Kneel and Jack (Day Trading Technique)
Are you sure?
4 options when your stock is going down
Last 75 minutes of an injured trader & the dying declaration
Did u get the Opportunities!
Post Dated Cheque in your name
Guerilla Trip Trading (Power Weapon)
Have you ever run after a hen to catch it?
Neurotic and Psychotic traders
An innocent question by the mosquitoes
Who's the BOSS? (Part 2)
Who's the BOSS? (Part I)
4 kinds of portfolio diversification
5 Express Metro Trains in Day Trading
How to trade Gap Opening
Trading Lessons from Cricket
Trading Lesson from James Bond
The Truth behind Technical Indicators
A secret library at my home.....confession of a trader!
Newton's 3 laws in Stock Trading
Traffic Lights of Stock Trading
Simple & Effective basic way to profit in Day Trading for new players
Golden Technique to Profit if u r caught in falling market
4 mental states of a trader
Importance of risk taking in stock trading
4 kinds of stock market "experts"
4 kinds of opportunities
4 kinds of winners and losers
4 kinds of trader reactions in shaky markets
4 kinds of followers
4 kinds of traders in crumbling markets
gaining money v/s gaining stock
U can't be a winner in stock market without this tool
How to tell u have entered the right trade?
Why is Stock Trading the best business in the world?
Advance RSI interpretation
Fundamentals or Technicals?
Trends and Ranges
Advantages and Disadvantages of Futures & Day Trading
Not making money in the market? Only losing?
Try this Magical Day Trading Technique
how i first started nifty futures trading
share trading is like boxing...
waiting ke paise...
One sure way to tide over the LOSS hangover...
Emotions are enemies of the trader
Take care of the losses and profits will take care of themselves
magic of resistance & support
ride the trends, avoid the ranges
150 Top Stock Market Quotations
tab your ego without going broke!
zig-zag-zoom!
the great irony of trading
4 simple rules of Richard Dennis
disadvantages of being too logical (words from masters)
why supports & resistances work (words from masters)
bite the bullet!
my self challenge that keeps me going
fear of height and depth in trading!
have strong opinions,hold them weakly(words fm masters)
at times u may be right&still lose (words from masters)
trading - in the eyes of dictionary!
importance of risk (words from masters)
emotions,inexperience& trained gut (words from masters)
recognizing scalping opportunities (words from masters)
importance of training intuition (words from masters)
library of experiences (words from masters)
21 days
how to judge a trend?
looking for a jackpot?
trading @ market opening
happy birthday to you!
remembering russia's pain
life inside a pyramid
trader's fast!
kalka-howrah mail - 2
pl don't read this book.!
kalka-howrah mail
7 enemies,1 friend & 1 advisor of a day trader
swing trading vs day trading
how to overcome your sunsign in trading?
understanding PISCES traders!
understanding AQUARIOUS traders!
understanding SAGITTARIUS traders!
understanding CAPRICORN traders!
understanding LIBRAN traders!
understanding CANCERIAN traders!
understanding VIRGO traders!
understanding TAURUS traders!
understanding SCORPION traders!
understanding LEO traders!
understanding GEMINI traders!
understanding ARIES traders!
identifying a trader among the investors
best stocks for investing and trading
say no!
tomorrow never comes
the trader who sold his ferrari
paper trading wingman trading (ultimate safe method)
Just 3
want a magical method?
4 reasons why technicals go wrong!
something was missing!
he or she?
remembering my uncle!
nip that pain in the bud!
road to riches!
4 names of money
secret self talk of winner traders
uncle sam's burgers
deciding the target
platforms & airports of trading
back hand of trading!
trading @ the speed of google!
how to win big!
Capacity
'the secret' in stock trading
why we don't trigger stop loss
did you fall in trade?
one way to move forward despite losses
a gift cheque for you!
why u trade decides what u get!
snake of loss!
ready for it - III
ready for it - II
mind v/s indicators
ready for it? (Part-I)
bravery in the market
the game doesn't end with technical analyses - II
the game doesn't end with technical analyses
high probability turning points (Js)
least painful trading method - II
least painful trading method
trading decisions!
day trading without indicators
future of realty sector
where to invest?
Future of I.T.
coaching a champion!
weapons of mass destruction
interpreting change in open interest
interpreting put-call ratio
understanding crowd - IV
understanding crowd - III
understanding crowd - II
understanding crowd - I
availability and affordability of hell
give me a chance!
me and my 11 friends
Don't overpay
Trading with Memory!
Gone with the wind!
4 steps to become a legendary trader!
The real horses in the race!
Clear Hai!
Why do we Gamble - I
5 M's of trading
"5s" of a trading mind
Prepaid Trading - IV
Prepaid Trading - III
Prepaid Trading - II
Prepaid Trading - I
and the winner is....
"Let's play a game!"
I M POSSIBLE
Trading stocks in a Casino?
10 Dog Facts for Traders
10 laws of effective trading
The Tip of an Iceberg!
The Trading Mahabharata
If you ask me
Basic Mathematics of Trading
Myers-Briggs trader personality types
What do you do when?
waiting for you!
Trading on gut feeling?
Difference of opinion!
"Don't trade!"
"Go get the prize!"
Respect the indicator but ignore it
Top Guns!
difference between trading & life's challenges
a note to the new traders
Midnight sleep-blabber of a stressed trader - II
"Why take it to heart?"
Myths & Facts about Hypnotism - II
Myths & Facts about Hypnotism
Crumple zones of stock market!
Invisible Profit Powers behind winner traders!
11 Bitter Pills of Trading!
Taking us all for a ride?
Why overnight BTST works!
Market Warfare !
Snakes in stock market
Future of Automobile Sector in India - I
Bidding for Diana!
Are you a rebel?
7 secrets about RSI experts don't want U to know!
Abraham Maslow Hierarchy of trader's needs
Seeds of loss-II
Seeds of loss!
Making of a professional trader
Choose right, sit tight!
"Holy Gambling"
Road to Heaven!
Tandoor and the Knife!
4 advance mistakes traders commit
Licking the wounds!
Are you a boat or a ship?
A crash course in Day Trading!
punishment for forgetting it
"They are after your mind, buddy!"
Languages I know
16 types of knives for a trader
A stop loss that fights back!
Not my money
Power of Negative Thinking
Apples of Himachal
"Was it you ?!"
Story of a Prince!
Hard boiled !
liars on the dalal street
"This Technical Indicator is faulty!"
Business on a rainy day!
"Paid to be right!"
how to tell how long will the rally continue?
SMA-RSI trading technique
Walk alone!
How and when I use options
56 and counting!
Who's a smart trader?
when to catch a falling knife!
Stunt trading
Birds of a feather (learning swing trading)
Exit to Hell
Grass on the other side
be like an Angel
Another way to practice trading without money
why women are better traders than men?
no time for loss!
Learning to fly!
Mr.Practical
Mind your words!
Unanswered prayer!
do it first, think later!
Why nifty may never cross 15000?
Trading lessons from Politicians
Time the trades, not the investments!
Trading lessons from butterflies
Trading lessons from turtles
"I Quit"
Let go! (Power Soup for the injured traders' soul)
A hen for 100 bucks?
PAT on the back
Fore-noon Express!
Noon Express!
go with the growth!
True value of a share?
Only way fundamentally good stock can crash!
Investing without tears!
A pin for the balloon (When to short?)
Forget about the legs!
When to square-off and reverse?
Doing a SAR with RSI and William%R
How rich are you?
The ghost under the lamp post no.5000!
Is fundamental stock picking difficult?
3 enemies of a trader
"No lollipop pl !" (Understanding Balancesheet-II)
"Dearest Papa!" (Understanding Balancesheet)
Profit by chance!
Fundamental difference
To eat or not to eat the cake (U/standg F/mentals)
Sit on the mushroom! (Understanding Fundamentals)
When u miss the train
"Keep it up!" (in lighter vein)
"any amount, my child!"
Try this out - IV
it shows in the results
The price u pay!
A dog in the Metro!
Understanding Hedging - I
Squaring-off too early or too late?
Think again!
Crouching Trader, Hidden Chameleon!
3 to choose from
Take good care of your car!
the multiplication factor
Hazaaron khwahishen aisi
Everything or nothing
Why Shorting is different?
If u were a stock what will be your price?
Archimedes Principle in stock market!
Invest with Lighthouse-in-the-sea!
Business Ideas
8 types of Money
The wonder called Mental Accounting!
6 Laws of Trading Risk
Legs for the Will!
Something happens at 61
Swing trading with Fibonacci
Interpreting Fibonacci Levels
The turning point!
Understanding Fundamentals - I
R-Criteria, P-Criteria
William-RSI Combo Hypothesis
Try this out - III
Try this out - II
Why u must not miss BTST?
Try this out
From the sea to the swimming pools
Midnight sleep-blabber of a stressed trader
How market beats us
Lines of defence in trading!
What's your Achilles' Heel?
Fundamentally Technical !
How traders can "get" 70% "discount" on anything!
Have a break!
Disclaimer=!@#$%^&()
Turning points in my stock trading career
101 ways to know the current trend
Trade with Mr.William
My journey in stock market till now
Do this to boost profits & choke losses!
The 15 minute rule
How much can be made from 1 lac per month?
Understanding Islamic Investment
Have you got your heat treatment?
A strange way of stock picking
Intention and ambition of stock price!
The Apple & the Wire-mesh Technique
Efficiently Effective
Gambling is not good but
8 paradoxical commandments of stock trading
Stepup stepdown theory (mother of all trading theories)
Forget her!
On road to your drug discovery!
My Swiss Army Trading Knife
First, just pull the plug!
Take this trader test & know yourself better
Life lessons from RSI
Who will decide .?
RSI-SMA double-trap technique
"Its all in your head, youngman!"
Why is the man on the other side laughing?
Unfinished story
Trade "hunting" lessons from Lions!
Don't close your eyes!
Welles Wilder - father of RSI & SAR (a biographical sketch)
One RSI, Two Rubber bands
Dr.Elango's RSI dilemma
RSI - rocket behind the price!
Things to look for in price-rsi charts
Why I prefer trading Nifty instead of stocks!
Aban - a Titanic dilemma?
Open your mouth!
My RSI side-notes
Uncle Chips' cool advise!
Advanced Jet Trainer
Helicoptor is better than Microscope!
The Toy Indicator!
The Greasy mess of Greece
Photographs of tired RSI
Invest in & hold on to these 10 stocks for lifetime!
Pizza delivery experts
Fill it, Shut it, Forget it!
To RSI Sir, with Love!
Amazing Side-Effects of RSI !
8 stages of the Price-RSI rocket
8 voices Overheard in a coffee house near stock exchange!
RSI - the fox!
Trading, MF or ULIP ? Straight Talk
3 "hands" and 1 "window"!
Onions with a pinch of salt!
"Long-term greedy"
Itch thrills but kills!
"Thank you, Sethji!"
RSI Protocol
The Final Method (U'll never lose ever again/Will recover all lost)
Be punctual ! Use Watch !
Real Tears,Sweat and Blood!
What my 28 teachers tell me when i am afraid to take risk!
"Madhushala"
87½% chance of profit!
Essay on "trader" written by a trader's son in matric exam!
Is it a Bye or a Goodbye?
Stop! Face it!
Aladdin's Genie and the stock trader
Difference is in the language!
"You won't do it"
The Good,the Not-so-bad & the Ugly timing
How to trigger Stop Loss and still be happy?
Do u have a "Swiss" Bank account?
Do u have this money plant at home!
How to BTST with RSI
The Man who brought the world down?
"Hello! I am Lakshmi Ramachandran !"
Exhausted RSI is worth a million dollars
a diary page found on the road!
"ye suicide hi tha!"
What is the blood group of a trader?
The mood of the master can be judged from the behaviour of the servant (Mastering RSI-I)
R U a developed country?
Day Trade with RSI
5 is a Porfolio, 40 is a Zoo!
"Hasta la Vista, Baby!"
A daylight robbery!
A stock without face!
Technical view of implications of RBI move
The Boy Plunger (a biographical sketch)!
Testing the Dog's mood!
Sun Tzu & the art of trading
Candles with a single wick never lie (Understanding Candles-III)
Signs of Amateur and Professional Traders
Candles with a single wick never lie (Understanding Candlesticks-III)
Start, Pause, Stop (Understanding Candlesticks-II)
U already know all about Options! (Understanding Options-III)
$implicit¥ (Understanding Options-II)
Long live the experts!
Mr.Morubozu and his family of Talking Candles
3 ways to shop a stock (Understanding Options-I)
When wishes became options
20 Un-Optional laws of Options
Where to put stop loss in day trading?
This season catch the cold!
Trade the Cheetahs, avoid the Elephants
3 'S' to enter, 4 'S' to exit!
"Don't trade, if you need to make money"
Don't be adamant
Dow Theory
Do u feel bored in trading! Congratulations!
Climbing the mountain with Support Hooks (Chart Practice)
Don't mix the two
How to use Trailing Stop loss?
Honorary BA (Stock Trading)
To swing or not to swing? (Dilemma of a younger brother)
Trading blunder
Biggest blunder in trading!
"Tips are for waiters"
The best trading software in the world
Do you have the magnet?
Double Trap Intraday Technique
The missing bite!
Harshad Mehta (a short biographical sketch)
How do you do that!
What all to look for in a graph?
Rakesh Jhunjhunwala (a short biographical sketch)
Predicting the Volcanos in stock market
A blessing for the educated unemployed,underemployed & the exploited
Trading Brahmaastra
How to make double money .(Part 2)
How to make double money .(Part I)
It is not about money, honey!
16 Basic etiquettes of stock trading!
Don't worry, be Happy !
Trading Strategies for big events like Budget!
Pay Cheque mentality!
3 Secret Trading Lessons
"The 8th wonder of the world"
Shadow of the Bull/Bear
How to estimate price graph of the next day?
Deadly combination of 34 and 8
Your job is a stock !
A million rupee opportunity?
Nifty @ 6600 this year?
Trading lessons from Elephants
Trading technique only for the frustrated,dejected & rejected!
What's in my left pocket, What's in my right pocket?
PESCo PESRIIICO .(Fundamentals of Fundamentals)
The birds are free . (Trading Strategy)
A very strange trading strategy
Catapult Day Trading Technique
What do they do when .?
"bewafa" nifty
The Story of Mr.Smart & Mr.Wise
A "different" technical indicator !
The surest way to lose
Informers, Advisors & Body Guards (My Trading Method)
which trading technique should you use
BTST at its rawest !
when everything else fails, try this trading technique
laughing all the way to bank
13 earthquakes of Stock Market
I admire your patience
Do you hate the punters?...don't !
Do u play with white or black?
Climb, Spike and Shift (Day Trading Technique)
Kneel and Jack (Day Trading Technique)
Are you sure?
4 options when your stock is going down
Last 75 minutes of an injured trader & the dying declaration
Did u get the Opportunities!
Post Dated Cheque in your name
Guerilla Trip Trading (Power Weapon)
Have you ever run after a hen to catch it?
Neurotic and Psychotic traders
An innocent question by the mosquitoes
Who's the BOSS? (Part 2)
Who's the BOSS? (Part I)
4 kinds of portfolio diversification
5 Express Metro Trains in Day Trading
How to trade Gap Opening
Trading Lessons from Cricket
Trading Lesson from James Bond
The Truth behind Technical Indicators
A secret library at my home.....confession of a trader!
Newton's 3 laws in Stock Trading
Traffic Lights of Stock Trading
Simple & Effective basic way to profit in Day Trading for new players
Golden Technique to Profit if u r caught in falling market
4 mental states of a trader
Importance of risk taking in stock trading
4 kinds of stock market "experts"
4 kinds of opportunities
4 kinds of winners and losers
4 kinds of trader reactions in shaky markets
4 kinds of followers
4 kinds of traders in crumbling markets
gaining money v/s gaining stock
U can't be a winner in stock market without this tool
How to tell u have entered the right trade?
Why is Stock Trading the best business in the world?
Advance RSI interpretation
Fundamentals or Technicals?
Trends and Ranges
Advantages and Disadvantages of Futures & Day Trading
Not making money in the market? Only losing?
Try this Magical Day Trading Technique
how i first started nifty futures trading
share trading is like boxing...
waiting ke paise...
One sure way to tide over the LOSS hangover...
Emotions are enemies of the trader
Take care of the losses and profits will take care of themselves
magic of resistance & support
ride the trends, avoid the ranges
150 Top Stock Market Quotations
who changed my cheese?
call it a corollary of the murphy's law
call it a derivation from darwin's theory
call it an epilogue to dr.spencer johnson's mini-masterpiece "who moved my cheese"
but i have realized and experienced and seen
that
two things are sure to change
over a period of time
- the rules of the game, and
- the game itself !!
the only consolation is
that it will still be a game
but a totally different one,
the one which you didn't prepare for,
the one which is totally opposite to
what you prepared for!
--
just when the US and the entire world got assured
that US will be the sole superpower
in post USSR era,
arose (out of almost nowhere)
the head of a mighty dragon
called China!
--
now, just when the world is getting the confidence
that it has now learnt to deal with the post-lehmann era
and things are settling down
the entire scenario is going to be changed
by something!
which no expert can see!!
--
we are always overwhelmed by the present
so much so
that the tiny green-shoots of future
emerging from the soil of present
go totally unnoticed
amongst the grass of confusion!
till they have become overwhelming
bamboos!!!
--
just when the world is getting assured
that things have fallen in place
post 9/11
the entire stage will be replaced
by something new
or something totally overlooked!
--
just when microsoft was handed certificate of invincibility
even by its competitors
a google popped up
and changed the game
while all it wanted to do was
change the rules of the game in its favour!
--
and just when google is dreaming of the invincibility certificate
the techtonic plates are starting to shift again!
--
it has always been happening
it will always keep happening!
--
this phenomenon applies
to everyone and everything in this world
from our lives
to the lives of the companies
to the lives of the nations
and everything and everyone
in-between!!!
--
whenever we are sure
that a particular thing
is now destined to be there forever
something (which was coming but we never saw it)
takes us totally by surprise,
seems to have reset the rules of the game!
it's only after a while
that we realize
that not just the rules of the game
the entire game has changed!!
--
humans don't like change
they find it difficult to change
before or with the change!
they start changing after the change
but with lots of hidden resistance.
so, by the time they think that thay have changed
the change has changed!!
--
no sooner than the mental models are ready
to deal with a situation
the situation (and not just its defining parameters)
changes dramatically
making the model-in-hand
obsolete
and thus necessitating a new model!
--
the ones
who can make the new model
fast and accurate
will be the winners
in any game in the world!
--
in ben-10 alien force
on cartoon network
grandpa max
says to ben-10
"son, not everything on earth
finds mention in the books.
and that's where
the fairy-tales are born!"
--
we will never be able to know everything
we will never be able to comprehend everything
we will never be allowed to comprehend everything
atleast at the same time!
the moment we turn our head and attention to the right
something on the left
will start shifting the techtonic plates!
--
only present makes the news
that too only the beautiful eyes of the present
everything else goes unnoticed!
the womb of the present
where future is taking shape
is always hidden!
--
have you noticed
that even in your lives
by the time you learn to patch-up with the reality
by the time you force yourself to be comfortable with the uncomfortable reality
the reality has changed!!
leaving you much behind!!!
--
everything
around and inside us
is being driven by this phenomenon!
--
there are 3 kinds of people
and companies
and nations
in the world:
first, ones who are always trying to catch-up and hence will never catch-up
second, the ones who are the cockroaches in the evolution of life (who never change and keep playing their own game in a separate playground)
third, the ones who happily change the model with the change!
--
it is not just the question of
who is moving your cheese!
on more serious note
the fact is
your cheese is itself changing
into coffee!!!
call it a derivation from darwin's theory
call it an epilogue to dr.spencer johnson's mini-masterpiece "who moved my cheese"
but i have realized and experienced and seen
that
two things are sure to change
over a period of time
- the rules of the game, and
- the game itself !!
the only consolation is
that it will still be a game
but a totally different one,
the one which you didn't prepare for,
the one which is totally opposite to
what you prepared for!
--
just when the US and the entire world got assured
that US will be the sole superpower
in post USSR era,
arose (out of almost nowhere)
the head of a mighty dragon
called China!
--
now, just when the world is getting the confidence
that it has now learnt to deal with the post-lehmann era
and things are settling down
the entire scenario is going to be changed
by something!
which no expert can see!!
--
we are always overwhelmed by the present
so much so
that the tiny green-shoots of future
emerging from the soil of present
go totally unnoticed
amongst the grass of confusion!
till they have become overwhelming
bamboos!!!
--
just when the world is getting assured
that things have fallen in place
post 9/11
the entire stage will be replaced
by something new
or something totally overlooked!
--
just when microsoft was handed certificate of invincibility
even by its competitors
a google popped up
and changed the game
while all it wanted to do was
change the rules of the game in its favour!
--
and just when google is dreaming of the invincibility certificate
the techtonic plates are starting to shift again!
--
it has always been happening
it will always keep happening!
--
this phenomenon applies
to everyone and everything in this world
from our lives
to the lives of the companies
to the lives of the nations
and everything and everyone
in-between!!!
--
whenever we are sure
that a particular thing
is now destined to be there forever
something (which was coming but we never saw it)
takes us totally by surprise,
seems to have reset the rules of the game!
it's only after a while
that we realize
that not just the rules of the game
the entire game has changed!!
--
humans don't like change
they find it difficult to change
before or with the change!
they start changing after the change
but with lots of hidden resistance.
so, by the time they think that thay have changed
the change has changed!!
--
no sooner than the mental models are ready
to deal with a situation
the situation (and not just its defining parameters)
changes dramatically
making the model-in-hand
obsolete
and thus necessitating a new model!
--
the ones
who can make the new model
fast and accurate
will be the winners
in any game in the world!
--
in ben-10 alien force
on cartoon network
grandpa max
says to ben-10
"son, not everything on earth
finds mention in the books.
and that's where
the fairy-tales are born!"
--
we will never be able to know everything
we will never be able to comprehend everything
we will never be allowed to comprehend everything
atleast at the same time!
the moment we turn our head and attention to the right
something on the left
will start shifting the techtonic plates!
--
only present makes the news
that too only the beautiful eyes of the present
everything else goes unnoticed!
the womb of the present
where future is taking shape
is always hidden!
--
have you noticed
that even in your lives
by the time you learn to patch-up with the reality
by the time you force yourself to be comfortable with the uncomfortable reality
the reality has changed!!
leaving you much behind!!!
--
everything
around and inside us
is being driven by this phenomenon!
--
there are 3 kinds of people
and companies
and nations
in the world:
first, ones who are always trying to catch-up and hence will never catch-up
second, the ones who are the cockroaches in the evolution of life (who never change and keep playing their own game in a separate playground)
third, the ones who happily change the model with the change!
--
it is not just the question of
who is moving your cheese!
on more serious note
the fact is
your cheese is itself changing
into coffee!!!
Saturday, January 29, 2011
don't let your investments sink
if a stock has moved 200 points in 1 year
how many points can you make in investing in that stock?
obviously not more than 200!
now, if i told u that
this stock
fell by 200 points
and not the other way round
what will be your answer?
again, obviously, you will say
that what to talk of making 200 points
you would have lost 200 points
by remaining invested in this stock
in the last one year!
--
well,
i am talking about reliance industries!
it fell from 1111 to 911 in one year!
--
will you believe me
if i tell you
that there are people in this market
who have made more than
1000 points in reliance industries
in this one year
and that too
when they were
caught
INVESTED
in this stock!!!
yes, it is true!
reliance industries
travelled this 920-1120
delhi-mumbai route
more than 10 times in last 1 year or so!!!
this makes it more than 2000 points!
so, making 1000 points out of this is not a big deal!
--
but how did they do it while staying invested on the long side?
simple
while they stayed invested in the stock
they protected their investment
whenever it took a clear down-trend
by buying put options. --
out of 2000 plus point movement
they managed 1000 odd points.
and that too when the stock's net movement was just 200 points!
while pocketing all the dividends
and making the investment tax free!
--
protect your investment!
it will reward you doubly!!
how many points can you make in investing in that stock?
obviously not more than 200!
now, if i told u that
this stock
fell by 200 points
and not the other way round
what will be your answer?
again, obviously, you will say
that what to talk of making 200 points
you would have lost 200 points
by remaining invested in this stock
in the last one year!
--
well,
i am talking about reliance industries!
it fell from 1111 to 911 in one year!
--
will you believe me
if i tell you
that there are people in this market
who have made more than
1000 points in reliance industries
in this one year
and that too
when they were
caught
INVESTED
in this stock!!!
yes, it is true!
reliance industries
travelled this 920-1120
delhi-mumbai route
more than 10 times in last 1 year or so!!!
this makes it more than 2000 points!
so, making 1000 points out of this is not a big deal!
--
but how did they do it while staying invested on the long side?
simple
while they stayed invested in the stock
they protected their investment
whenever it took a clear down-trend
by buying put options. --
out of 2000 plus point movement
they managed 1000 odd points.
and that too when the stock's net movement was just 200 points!
while pocketing all the dividends
and making the investment tax free!
--
protect your investment!
it will reward you doubly!!
tab your ego without going broke!
i
like many people on this earth
have
limited money
and an unending long list of
'gadgets to buy'!
--
what did i used to do earlier?
well,
i always started spending
on the gadgets i wanted -
starting from the one
available at the nearest store!
--
result?
i always remained
broke
despite decent earnings
till
i changed
the strategy!
--
now
i have stopped buying gadgets
which do things DIFFERENTLY.
i buy
only the ones
which do
DIFFERENT things!
--
the results were amazing!!!
i realised that
very smartly
and shrewdly
newer gadgets
and newer version of old gadgets
were being power-marketed
down our pockets
thru our head
with just newer ways of doing old tricks
(like the touchscreen in phones and pads,
like push button start of cars, etc.)
the new features introduced
were either not of very high utility
or were easily available free of cost
from the net.
--
result?
my expenses crashed
my savings leaped
and my experience and exposure and exploration
of the world
still the same
(rather, better because of financial security)
--
i am ready to change
my camera, netbook, car, mobile, tv etc.
but
not till the newer versions on the shelf
do same things differently
--
today
my net book
has bigger screen than the ipad or galaxy tab
can play all the applications they play
has free real keyboard instead of virtual tiny one
has many times more memory
and so many more features!
the only thing
it doesn't have
....touch screen
to tab my ego!
and that is ok for me
i have discovered other ways
to tab it
better and bigger!!!
like many people on this earth
have
limited money
and an unending long list of
'gadgets to buy'!
--
what did i used to do earlier?
well,
i always started spending
on the gadgets i wanted -
starting from the one
available at the nearest store!
--
result?
i always remained
broke
despite decent earnings
till
i changed
the strategy!
--
now
i have stopped buying gadgets
which do things DIFFERENTLY.
i buy
only the ones
which do
DIFFERENT things!
--
the results were amazing!!!
i realised that
very smartly
and shrewdly
newer gadgets
and newer version of old gadgets
were being power-marketed
down our pockets
thru our head
with just newer ways of doing old tricks
(like the touchscreen in phones and pads,
like push button start of cars, etc.)
the new features introduced
were either not of very high utility
or were easily available free of cost
from the net.
--
result?
my expenses crashed
my savings leaped
and my experience and exposure and exploration
of the world
still the same
(rather, better because of financial security)
--
i am ready to change
my camera, netbook, car, mobile, tv etc.
but
not till the newer versions on the shelf
do same things differently
--
today
my net book
has bigger screen than the ipad or galaxy tab
can play all the applications they play
has free real keyboard instead of virtual tiny one
has many times more memory
and so many more features!
the only thing
it doesn't have
....touch screen
to tab my ego!
and that is ok for me
i have discovered other ways
to tab it
better and bigger!!!
Friday, January 28, 2011
zig-zag-zoom!
dip your shoes in blue ink
and walk 20 steps
in one direction
on a red carpet!
--
now remove your shoes
come back bare foot
and join (with a marker pen)
every left footprint
with the next right footprint
and further join
this right footprint
with its next left footprint!
--
what do you get?
a line joining the footprints
in a zig zag pattern
left-right-left-right-left......
but still moving
in a definite direction!
--
same thing happens in stock market!
market moves on its two feet
of "high" and "low"
in a zig zag way
but always in a particular direction!
--
traders confuse the zig and zag
as the change in direction!
they focus on direction of zig AND direction of zag
and not on the direction of zig-zag!!
--
consequently, the fear takes the better of them
and they chicken out!
--
those who are well-versed with the market's wavered walk
ignore both the zig as well as the zag!
instead, they just keep an eye on the net direction of the zig-zag!
--
with practice
they can tell
when the zig-zag changes its direction
and hence the trend!
and with it, they change the direction of their trade as well!!!
--
zig zag is the last dodging tactic of the market.
the trader
who can see through this tactic
has got the ultimate master key to riches!!!
and walk 20 steps
in one direction
on a red carpet!
--
now remove your shoes
come back bare foot
and join (with a marker pen)
every left footprint
with the next right footprint
and further join
this right footprint
with its next left footprint!
--
what do you get?
a line joining the footprints
in a zig zag pattern
left-right-left-right-left......
but still moving
in a definite direction!
--
same thing happens in stock market!
market moves on its two feet
of "high" and "low"
in a zig zag way
but always in a particular direction!
--
traders confuse the zig and zag
as the change in direction!
they focus on direction of zig AND direction of zag
and not on the direction of zig-zag!!
--
consequently, the fear takes the better of them
and they chicken out!
--
those who are well-versed with the market's wavered walk
ignore both the zig as well as the zag!
instead, they just keep an eye on the net direction of the zig-zag!
--
with practice
they can tell
when the zig-zag changes its direction
and hence the trend!
and with it, they change the direction of their trade as well!!!
--
zig zag is the last dodging tactic of the market.
the trader
who can see through this tactic
has got the ultimate master key to riches!!!
Thursday, January 27, 2011
the great irony of trading (words from masters)
"the great irony of trading is
that it is difficult
precisely because it is so very simple.
our left (logical) brain often has a real problem with this concept.
it doesn’t make sense to the logical top-down left brain
that it is simple to make money trading.
our logical mind imagines
that if trading were simple,
more traders would be successful;
therefore, trading must be complicated."
-Curtis Faith
that it is difficult
precisely because it is so very simple.
our left (logical) brain often has a real problem with this concept.
it doesn’t make sense to the logical top-down left brain
that it is simple to make money trading.
our logical mind imagines
that if trading were simple,
more traders would be successful;
therefore, trading must be complicated."
-Curtis Faith
4 simple rules of Richard Dennis (words from masters)
1. Trade with an edge
- Make sure that you have a trading strategy that will make money.
2. Manage risk
- Don’t trade with so much leverage that you risk losing everything.
3. Be consistent
- Do this to reap the benefits of your trading strategy.
4. Keep it simple
- Don’t try to make trading more complicated than it actually is.
- Make sure that you have a trading strategy that will make money.
2. Manage risk
- Don’t trade with so much leverage that you risk losing everything.
3. Be consistent
- Do this to reap the benefits of your trading strategy.
4. Keep it simple
- Don’t try to make trading more complicated than it actually is.
disadvantages of being too logical (words from masters)
"I believe
that most left-brain-dominant people
have great difficulty
trusting their intuition.
In these individuals,
the left brain is incharge
and wants explanations.
When the right brain can supply them,
the left brain is satisfied.
In contrast,
if the intuition comes as a feeling,
a vibe,
or a bodily sensation,
left-brain-dominant people have a hard time
giving the intuition any credence.
The left brain wants explanations;
if you can’t supply them,
it won’t believe an intuition.
This lack of trust in your intuition
can be a big impediment
to your ability to improve in your trading."
- Curtis Faith
that most left-brain-dominant people
have great difficulty
trusting their intuition.
In these individuals,
the left brain is incharge
and wants explanations.
When the right brain can supply them,
the left brain is satisfied.
In contrast,
if the intuition comes as a feeling,
a vibe,
or a bodily sensation,
left-brain-dominant people have a hard time
giving the intuition any credence.
The left brain wants explanations;
if you can’t supply them,
it won’t believe an intuition.
This lack of trust in your intuition
can be a big impediment
to your ability to improve in your trading."
- Curtis Faith
why supports & resistances work (words from masters)
"A very significant part of the reason
prices appear to “bounce”off
support and resistance levels
is that many traders have observed
this effect and expect to see it in the future!
--
Therefore,
support andresistance is partly
a self-fulfilling prophecy.
Traders buy at support levels
in expectation of the rise in prices
due to the support itself.
--
Traders sell at resistance levels
in expectation of the decline in prices
due to the resistance itself.
--
When multiplied,
these effects make support and resistance
one of the most powerful concepts intrading.
The behavior of market participants
reinforces the effects themselves."
- Curtis Faith
prices appear to “bounce”off
support and resistance levels
is that many traders have observed
this effect and expect to see it in the future!
--
Therefore,
support andresistance is partly
a self-fulfilling prophecy.
Traders buy at support levels
in expectation of the rise in prices
due to the support itself.
--
Traders sell at resistance levels
in expectation of the decline in prices
due to the resistance itself.
--
When multiplied,
these effects make support and resistance
one of the most powerful concepts intrading.
The behavior of market participants
reinforces the effects themselves."
- Curtis Faith
bite the bullet!
in ancient times
during wars
when there were no anesthesia,
and a surgery was to be performed
on the wounded soldier
the doctor
would ask the patient
to clench a bullet
between his teeth
to be able to bear the pain!
the wounded soldier
had no option
if he wanted to recover his life!
--
this lead to the phrase
"bite the bullet"
--
in stock trading
a lot of soldiers
get wounded everyday!
despite the availability
of highly advanced anesthesea
in the medical world of today
there is none
for the wounded trader!
he still has to bite the bullet
and keep moving
if
he wants
to survive
and succeed!
during wars
when there were no anesthesia,
and a surgery was to be performed
on the wounded soldier
the doctor
would ask the patient
to clench a bullet
between his teeth
to be able to bear the pain!
the wounded soldier
had no option
if he wanted to recover his life!
--
this lead to the phrase
"bite the bullet"
--
in stock trading
a lot of soldiers
get wounded everyday!
despite the availability
of highly advanced anesthesea
in the medical world of today
there is none
for the wounded trader!
he still has to bite the bullet
and keep moving
if
he wants
to survive
and succeed!
fear of height and depth in trading!
many traders don't feel comfortable
to buy "high".
they like to buy "low"
--
but their is a fundamental flaw in this thought!
how do we know that a "high" is a "high"
and a "low" is a "low"?
a "high" is a "high" when compared to a "low"
but it is a "low" when compared to a "high"!
similarly,
a "low" is a "low" when compared to a "high"
but it is a "high" when compared to a "low"!
--
this is the reason
why traders
who are looking for a "low" to enter
hesitate to enter even much lower than their "low"
--
this is the reason
why traders
who are looking for a "high" to book profit or short
hesitate to do so even much higher than their "high"
--
in behavioral psychology
this is known as "recency bias".
--
so, what's the solution?
just do what your method
or trained gut says!
don't bother about
your fear
of heights
or depths!
to buy "high".
they like to buy "low"
--
but their is a fundamental flaw in this thought!
how do we know that a "high" is a "high"
and a "low" is a "low"?
a "high" is a "high" when compared to a "low"
but it is a "low" when compared to a "high"!
similarly,
a "low" is a "low" when compared to a "high"
but it is a "high" when compared to a "low"!
--
this is the reason
why traders
who are looking for a "low" to enter
hesitate to enter even much lower than their "low"
--
this is the reason
why traders
who are looking for a "high" to book profit or short
hesitate to do so even much higher than their "high"
--
in behavioral psychology
this is known as "recency bias".
--
so, what's the solution?
just do what your method
or trained gut says!
don't bother about
your fear
of heights
or depths!
have strong opinions, hold them weakly (words from masters)
"(trading) wisdom
is the capability to have
'strong opinions, weakly held'
--
weak opinions have a negative impact on trading.
master traders are decisive.
to make money, you need to take trades.
as a practical matter,
this means developing models for how the market works,
testing them,
and then making live trading decisions using those models.
traders need strong opinions about how the market works
to make critical trading decisions.
many people have trouble pulling the trigger.
if you have weak opinions, you will find this even more difficult!
--
(but you should hold these strong thoughts weakly)
you should (trade) as if you are right,
but also look and listen as if you might be wrong.
this requires a certain level of humility and openness.
--
strong opinions should be weakly held.
expert traders are constantly on the lookout
for why their thinking might beflawed.
when you place a trade,
you should pay far more attention
to signals that
the market is acting in a manner that indicates the trade is wrong and should be discarded
than to the reasons why the trade should be kept."
- Curtis Faith
is the capability to have
'strong opinions, weakly held'
--
weak opinions have a negative impact on trading.
master traders are decisive.
to make money, you need to take trades.
as a practical matter,
this means developing models for how the market works,
testing them,
and then making live trading decisions using those models.
traders need strong opinions about how the market works
to make critical trading decisions.
many people have trouble pulling the trigger.
if you have weak opinions, you will find this even more difficult!
--
(but you should hold these strong thoughts weakly)
you should (trade) as if you are right,
but also look and listen as if you might be wrong.
this requires a certain level of humility and openness.
--
strong opinions should be weakly held.
expert traders are constantly on the lookout
for why their thinking might beflawed.
when you place a trade,
you should pay far more attention
to signals that
the market is acting in a manner that indicates the trade is wrong and should be discarded
than to the reasons why the trade should be kept."
- Curtis Faith
at times u may be right & still lose (words from masters)
"Perhaps the most insidious instinct for traders
is the brain’s tendency
to equate the quality of a decision
with its outcome.
--
The brain
is NOT designed to process
the type of low-probability outcomes that traders often encounter,
where losing is part of the game.
Therefore, new traders will often make a trade, lose money, and then think to themselves,
“I shouldn’t have made that trade.”
In behavioral finance,
this tendency is known as outcome bias.
--
Master traders know that any particular trade could be a losing trade
and that good trading strategies often bring losing trades.
Therefore, they have learned to undo the effects of this outcome bias
and to focus not on the outcome for a trade,
but instead on
the quality of the decision behind the trade."
- Curtis Faith
is the brain’s tendency
to equate the quality of a decision
with its outcome.
--
The brain
is NOT designed to process
the type of low-probability outcomes that traders often encounter,
where losing is part of the game.
Therefore, new traders will often make a trade, lose money, and then think to themselves,
“I shouldn’t have made that trade.”
In behavioral finance,
this tendency is known as outcome bias.
--
Master traders know that any particular trade could be a losing trade
and that good trading strategies often bring losing trades.
Therefore, they have learned to undo the effects of this outcome bias
and to focus not on the outcome for a trade,
but instead on
the quality of the decision behind the trade."
- Curtis Faith
Wednesday, January 26, 2011
trading - in the eyes of dictionary!
i checked up the dictionary
for the meaning of a 'trader'.
this is what i found
"a person who buys and sells
goods and services"
by this definition
everyone in the stock market
can claim to be a trader!
not only this
we can claim to be a successful trader
as long as we manage to successfully buy
and successfully sell shares!
--
nowhere did the definition mention
that one needed to be profitable
to be a successful trader!
--
i looked further and found
"trade on"
i checked for its meaning
"take advantage of"
it said!
that was better!
we must 'trade on' opportunities!
--
i looked still further
and found
"trade off"
i checked for the meaning
"exchange something as part of a compromise"
i realised that this is what majority of us do
-compromise!
--
so, in reality
we don't trade
we trade-off!
--
then
i decided to look for "profit"
i checked for the meaning
it said
"advantage"!
by this definition
we all are profitable!
because we are in a state of advantage
in majority of the trades
for majority of the time!
that we let the advantage slip-by
failing to book the profit,
is a different matter.
but the definition never mentioned
that encashing the advantage
was important to be profitable!
--
i was happy to note that we are in profit
for atleast 90% of the time
we are in the trade!
--
i checked further
and came across the word
"profiteering"
the dictionary gave the meaning as
"the making of a large profit
in an unfair way"
this reminded me
of the big pockets of the market!
surely, they are the ones profiteering!
but what do they call the big profits earned in a fair way?
i wanted to do that!
but the dictionary was silent on this!
--
anyhow
now i felt like
checking it up
for "loss" also.
--
the dictionary said
"the feeling of sadness after losing a valued thing"
....on reading this definition
the mountain of buried losses
deep inside me
erupted like a volcano!
--
i looked some further
and saw the phrase
"at a loss"
meaning
"uncertain or puzzled"
well, that's what we are
during trading hours...at a loss!!!
--
finally,
i looked up for
"experience".
it said
"knowledge or skill gained over time"
--
and i got ready for it!
for the meaning of a 'trader'.
this is what i found
"a person who buys and sells
goods and services"
by this definition
everyone in the stock market
can claim to be a trader!
not only this
we can claim to be a successful trader
as long as we manage to successfully buy
and successfully sell shares!
--
nowhere did the definition mention
that one needed to be profitable
to be a successful trader!
--
i looked further and found
"trade on"
i checked for its meaning
"take advantage of"
it said!
that was better!
we must 'trade on' opportunities!
--
i looked still further
and found
"trade off"
i checked for the meaning
"exchange something as part of a compromise"
i realised that this is what majority of us do
-compromise!
--
so, in reality
we don't trade
we trade-off!
--
then
i decided to look for "profit"
i checked for the meaning
it said
"advantage"!
by this definition
we all are profitable!
because we are in a state of advantage
in majority of the trades
for majority of the time!
that we let the advantage slip-by
failing to book the profit,
is a different matter.
but the definition never mentioned
that encashing the advantage
was important to be profitable!
--
i was happy to note that we are in profit
for atleast 90% of the time
we are in the trade!
--
i checked further
and came across the word
"profiteering"
the dictionary gave the meaning as
"the making of a large profit
in an unfair way"
this reminded me
of the big pockets of the market!
surely, they are the ones profiteering!
but what do they call the big profits earned in a fair way?
i wanted to do that!
but the dictionary was silent on this!
--
anyhow
now i felt like
checking it up
for "loss" also.
--
the dictionary said
"the feeling of sadness after losing a valued thing"
....on reading this definition
the mountain of buried losses
deep inside me
erupted like a volcano!
--
i looked some further
and saw the phrase
"at a loss"
meaning
"uncertain or puzzled"
well, that's what we are
during trading hours...at a loss!!!
--
finally,
i looked up for
"experience".
it said
"knowledge or skill gained over time"
--
and i got ready for it!
importance of risk (words from masters)
"the instinct for avoiding unnecessary risk
can be very powerful.
this is a trait that ensures survival under conditions of danger and uncertainty.
but in trading, avoiding risk will prevent you from becoming a good trader, let alone a master.
traders trade in risk; it’s that simple.
master traders view risk as an important and necessary ingredient in any potential trade.
they know that the very best trades are often
the ones that are hardest for most people to make because of the perceived high risk.
the very fact that a trade is difficult to initiate
makes it less likely that others will also make that particular trade.
the lack of a large number of traders taking a similar position
makes it much easier to make money during the subsequent price movement."
- Curtis Faith
can be very powerful.
this is a trait that ensures survival under conditions of danger and uncertainty.
but in trading, avoiding risk will prevent you from becoming a good trader, let alone a master.
traders trade in risk; it’s that simple.
master traders view risk as an important and necessary ingredient in any potential trade.
they know that the very best trades are often
the ones that are hardest for most people to make because of the perceived high risk.
the very fact that a trade is difficult to initiate
makes it less likely that others will also make that particular trade.
the lack of a large number of traders taking a similar position
makes it much easier to make money during the subsequent price movement."
- Curtis Faith
emotions,inexperience& trained gut (words from masters)
"there is a big difference
between trading emotionally and trading from your gut.
...trading emotionally means reacting to fear and hope, which can destroy your trading decisions.
...trading from your (trained) gut is different.
inexperienced right-brain traders are susceptible to acting on ideas
based on feelings drawn from erroneous principles
because they have not sufficiently trained their right brain in proper trading principles.
they have not yet supplied the right brain
with enough of the raw material required to make proper judgments.
for this reason, the gut reaction of the novice trader will often be wrong."
- Curtis Faith
between trading emotionally and trading from your gut.
...trading emotionally means reacting to fear and hope, which can destroy your trading decisions.
...trading from your (trained) gut is different.
inexperienced right-brain traders are susceptible to acting on ideas
based on feelings drawn from erroneous principles
because they have not sufficiently trained their right brain in proper trading principles.
they have not yet supplied the right brain
with enough of the raw material required to make proper judgments.
for this reason, the gut reaction of the novice trader will often be wrong."
- Curtis Faith
recognizing scalping opportunities (words from masters)
"For extremely short-term trades,
relying on the right brain is often the only practical approach.
Traders simply do not have enough time to perform complicated analysis.
Traders who are scalpers must trade mostly using their right brains.
For longer-term trading, traders have plenty of time for analysis.
The left brain is good at building and understanding models for how the world of trading works,
and the right brain is good at generating ideas
and recognizing opportunities."
- Curtis Faith
relying on the right brain is often the only practical approach.
Traders simply do not have enough time to perform complicated analysis.
Traders who are scalpers must trade mostly using their right brains.
For longer-term trading, traders have plenty of time for analysis.
The left brain is good at building and understanding models for how the world of trading works,
and the right brain is good at generating ideas
and recognizing opportunities."
- Curtis Faith
importance of training intuition (words from masters)
"The experiences you encounter
while trading
train your intuition
so that, in time, you can become an expert.
Learning as a trader can be difficult, however, because of the price of mistakes.
In trading, mistakes cost money.
Fortunately, traders can develop their intuition to a high level of expertise
without having to put their money at risk."
- Curtis Faith
while trading
train your intuition
so that, in time, you can become an expert.
Learning as a trader can be difficult, however, because of the price of mistakes.
In trading, mistakes cost money.
Fortunately, traders can develop their intuition to a high level of expertise
without having to put their money at risk."
- Curtis Faith
library of experiences (words from masters)
"To become a master trader,
to be able to intuitively make good decisions,
you must first gain enough of the right kinds of experience.
This is why doctors and nurses go through extensive training and supervision when they are new to the profession.
It is why firefighters train in fire simulations,
and why airline pilots train in flight simulators.
Through this constant exposure and consistent practice,
experts build up a library of experiences that they can draw upon
when making decisions."
- Curtis Faith
to be able to intuitively make good decisions,
you must first gain enough of the right kinds of experience.
This is why doctors and nurses go through extensive training and supervision when they are new to the profession.
It is why firefighters train in fire simulations,
and why airline pilots train in flight simulators.
Through this constant exposure and consistent practice,
experts build up a library of experiences that they can draw upon
when making decisions."
- Curtis Faith
21 days
experiments
by psychologists
have proved
that
any routine
repeated religiously
without break
for 21 days
becomes a second nature
a habit!
--
unfortunately
it includes
all the easy
bad trading habits.
--
but fortunately
it also includes
all the difficult
good trading habits!
by psychologists
have proved
that
any routine
repeated religiously
without break
for 21 days
becomes a second nature
a habit!
--
unfortunately
it includes
all the easy
bad trading habits.
--
but fortunately
it also includes
all the difficult
good trading habits!
Tuesday, January 25, 2011
how to judge a trend?
many of my mudraa friends keep asking me how to judge a trend.
many share with me that one of the main reason behind their loss is that they fail to judge the
trend.
so i thought i should post a separate reply for this.
while there are many ways to judge a trend
let me share with you just one or two
the easiest ones!
but before that
let me say share a fundamental mistake traders make
when they are looking for trends!
--
they look for the broader trend
and react on the sub-trend!
your losses may decline sharply by just this one change
- try to judge the trend of the day
and not the trend of "these days"!
--
we lose in a day and blame the week!!
--
there are trends in trends.
the smallest identifiable and tradable
trend is the trend of a few hours.
as mentioned by me in my recent posts,
a stock or nifty can have upto 3 trends in a day!
so, practically speaking you can be wrong in trend picking upto 3 times a day!
so, where is the question of knowing the trend of "these days"?
--
majority of traders take positional trades
which, on an average, lasts for 5 days or so.
at the rate of 3 trends per day
we are talking about 15 sub-trends in one trade!
so, as i was saying
traders take positional trade
expecting one broad trend
on the way
they get a big hit by one big move of the 15 sub-trends
and quit
licking their wounds
and cursing their skills!
--
it is surprising that
these swing or positional traders
are mostly
sitting in front of the terminal
for hours!
(they have taken very big trade bites
and so can't help looking at the terminal every now and then)
--
so if you are available in front of the screen
why not keep checking the sub-trends
and take timely intraday action
to protect your profits and/or investments!
--
now
lets talk about the trend spotting ways!
--
simple,
if the price is below sma 34
the trend can be broadly taken as down
and if it is above sma 34
the trend can be broadly taken as up!
during down trend
you will occasionally see price rising from below and trying to touch sma
and, at times, even piercing it thru!
similarly, during up trend
you will occasionally see price sliding from above and trying to touch sma
and, at times, even piercing it thru!
both these situations don't indicate
change of trend
unless
the price stays well on the other side of sma34
for good time!
--
generally
during uptrend
the feet of the price zig zag
stays above sma34!
and
during downtrend
the price wave hangs from the sma34 line above
like wet clothes hanging with clips from a wire!
--
i find this simple way
enough in most of situations!
both for intraday
as well as positional trades!
i use google finance charts.
(http://www.google.com/finance?q=NSE:.NSEI)
on 1 month chart
sma 34 setting automatically takes 30min tick size
on 5 day chart
sma 34 setting automatically takes 5min or 2min tick size
on 1 day chart
sma 34 setting automatically takes 2 min tick size!
different software take different tick size
and it makes hell of difference!
if the sma34 setting is ok
you will be able to judge the trend reasonably accurately and timely!
--
another way to estimate a trend is
to join the top and bottom points in a zig zag price movement!
if both are falling
the trend is down.
if both are rising
the trend is up.
if both are in opposite direction
then the trend is more or less rangebound
with a bias towards the line which has more sharp angle w.r.t. horizontal.
--
majority trend reading errors happen
because we assume that
price moves in straight line!
this is fundamentally
and totally wrong!
price movements happen
in zig zag movements
just like the movement of a snake
on sand of desert!
we see just one arm in the zig zag movement
and take the fatal decision!
--
trend is a friend
and it pays to recognize one correctly!
many share with me that one of the main reason behind their loss is that they fail to judge the
trend.
so i thought i should post a separate reply for this.
while there are many ways to judge a trend
let me share with you just one or two
the easiest ones!
but before that
let me say share a fundamental mistake traders make
when they are looking for trends!
--
they look for the broader trend
and react on the sub-trend!
your losses may decline sharply by just this one change
- try to judge the trend of the day
and not the trend of "these days"!
--
we lose in a day and blame the week!!
--
there are trends in trends.
the smallest identifiable and tradable
trend is the trend of a few hours.
as mentioned by me in my recent posts,
a stock or nifty can have upto 3 trends in a day!
so, practically speaking you can be wrong in trend picking upto 3 times a day!
so, where is the question of knowing the trend of "these days"?
--
majority of traders take positional trades
which, on an average, lasts for 5 days or so.
at the rate of 3 trends per day
we are talking about 15 sub-trends in one trade!
so, as i was saying
traders take positional trade
expecting one broad trend
on the way
they get a big hit by one big move of the 15 sub-trends
and quit
licking their wounds
and cursing their skills!
--
it is surprising that
these swing or positional traders
are mostly
sitting in front of the terminal
for hours!
(they have taken very big trade bites
and so can't help looking at the terminal every now and then)
--
so if you are available in front of the screen
why not keep checking the sub-trends
and take timely intraday action
to protect your profits and/or investments!
--
now
lets talk about the trend spotting ways!
--
simple,
if the price is below sma 34
the trend can be broadly taken as down
and if it is above sma 34
the trend can be broadly taken as up!
during down trend
you will occasionally see price rising from below and trying to touch sma
and, at times, even piercing it thru!
similarly, during up trend
you will occasionally see price sliding from above and trying to touch sma
and, at times, even piercing it thru!
both these situations don't indicate
change of trend
unless
the price stays well on the other side of sma34
for good time!
--
generally
during uptrend
the feet of the price zig zag
stays above sma34!
and
during downtrend
the price wave hangs from the sma34 line above
like wet clothes hanging with clips from a wire!
--
i find this simple way
enough in most of situations!
both for intraday
as well as positional trades!
i use google finance charts.
(http://www.google.com/finance?q=NSE:.NSEI)
on 1 month chart
sma 34 setting automatically takes 30min tick size
on 5 day chart
sma 34 setting automatically takes 5min or 2min tick size
on 1 day chart
sma 34 setting automatically takes 2 min tick size!
different software take different tick size
and it makes hell of difference!
if the sma34 setting is ok
you will be able to judge the trend reasonably accurately and timely!
--
another way to estimate a trend is
to join the top and bottom points in a zig zag price movement!
if both are falling
the trend is down.
if both are rising
the trend is up.
if both are in opposite direction
then the trend is more or less rangebound
with a bias towards the line which has more sharp angle w.r.t. horizontal.
--
majority trend reading errors happen
because we assume that
price moves in straight line!
this is fundamentally
and totally wrong!
price movements happen
in zig zag movements
just like the movement of a snake
on sand of desert!
we see just one arm in the zig zag movement
and take the fatal decision!
--
trend is a friend
and it pays to recognize one correctly!
looking for a jackpot?
9 out of 10
traders in the stockmarket
expect to hit a jackpot
sooner or later!
--
rather, they expect this to happen
sooner THAN later!!
--
probably as soon as today
if not right now!!!
--
so much so
that their entire trading system
and psychology
and habits
are heavily tilted towards
this overwhelming subconscious expectation!
--
it is an open secret
that jackpots
generally don't show up
often!
--
majority traders
have greyed their
trading hair
while waiting ashore
the stock market river
with their expectation nets
immersed deep
without any jackpot catch!
--
on the contrary
they have spent and lost
enough bait pennies
to make a jackpot
of their own!!!
--
those few traders who did stumble on a jackpot
more out of luck
than by design
lost it double fast
and remained hypnotised
for the rest of their lives!
--
rare events like jackpot
happen
rarely
and unexpectedly,
if at all!
--
you can't make
trading castles
on the sandy shore
of jackpot expectations!
--
instead
start with small and steady gains
thru a dependable method
improve it
convert it
into a habit
and then
try to increase the size of the gains
systematically and safely!
the returns this way
will not be jackpot
but jackdrum!!!
--
in a research in U.S.
it was proved
that bumblebees
prefer those species of flower
which assure steady availability of nectar.
they avoid those species of flowers
which may, at times,
yield
a "jackpot" of nectar
but majority of the times
return the bee empty mouth!!
--
not surprisingly
bees fill more pots of nectar in their lifetime
than a jack!!!
traders in the stockmarket
expect to hit a jackpot
sooner or later!
--
rather, they expect this to happen
sooner THAN later!!
--
probably as soon as today
if not right now!!!
--
so much so
that their entire trading system
and psychology
and habits
are heavily tilted towards
this overwhelming subconscious expectation!
--
it is an open secret
that jackpots
generally don't show up
often!
--
majority traders
have greyed their
trading hair
while waiting ashore
the stock market river
with their expectation nets
immersed deep
without any jackpot catch!
--
on the contrary
they have spent and lost
enough bait pennies
to make a jackpot
of their own!!!
--
those few traders who did stumble on a jackpot
more out of luck
than by design
lost it double fast
and remained hypnotised
for the rest of their lives!
--
rare events like jackpot
happen
rarely
and unexpectedly,
if at all!
--
you can't make
trading castles
on the sandy shore
of jackpot expectations!
--
instead
start with small and steady gains
thru a dependable method
improve it
convert it
into a habit
and then
try to increase the size of the gains
systematically and safely!
the returns this way
will not be jackpot
but jackdrum!!!
--
in a research in U.S.
it was proved
that bumblebees
prefer those species of flower
which assure steady availability of nectar.
they avoid those species of flowers
which may, at times,
yield
a "jackpot" of nectar
but majority of the times
return the bee empty mouth!!
--
not surprisingly
bees fill more pots of nectar in their lifetime
than a jack!!!
Monday, January 24, 2011
trading @ market opening
nse opens for retail traders at 9.15am
there is almost always a small stampede in one direction after opening.
this mad rush remains for 15 odd minutes (rarely for 30minutes).
market almost inevitably
retreats after this
full or partial.
if someone takes reverse position at this first turn
he is likely to get
a quick profitable ride
possibly all the way back to the opening tick.
if it doesn't go back all the way
then profit can be booked midway.
if it turns back after retreating somewhat
entry point should be used as stop loss.
if it crosses stop loss
reverse position can be taken
albeit very cautiously and with strict stop loss.
--
caution: since this is like a 100meter sprint
attempt this with high speed online demat connection only
with 110% attention
and after practice for a few days
with small lot.
there is almost always a small stampede in one direction after opening.
this mad rush remains for 15 odd minutes (rarely for 30minutes).
market almost inevitably
retreats after this
full or partial.
if someone takes reverse position at this first turn
he is likely to get
a quick profitable ride
possibly all the way back to the opening tick.
if it doesn't go back all the way
then profit can be booked midway.
if it turns back after retreating somewhat
entry point should be used as stop loss.
if it crosses stop loss
reverse position can be taken
albeit very cautiously and with strict stop loss.
--
caution: since this is like a 100meter sprint
attempt this with high speed online demat connection only
with 110% attention
and after practice for a few days
with small lot.
happy birthday to you!
future is a dream
past is a memory
--
both are a myth!
they never come
--
both are
clever
dress rehersals
by today!
--
past came as today!
and so will come the "tomorrow"!
--
every night
when you retire to bed
and your eyes shut the consciousness
you seize to exist
till morning!
"you" are helpless
"you" for "you" are "not there"!
--
every morning
you are born again!
albeit
with memories of your last birth
of yesterdays!
--
everyday is your birthday!
--
life is like day-trading.
whether you plan a swing-trade
or investment
a day is all you have got
today!
--
don't run after tomorrow
for there is
none!
--
today is the tomorrow you were waiting for!
say hello to it
and do what you wanted to do!
--
every morning
say
"happy birthday to me!"
past is a memory
--
both are a myth!
they never come
--
both are
clever
dress rehersals
by today!
--
past came as today!
and so will come the "tomorrow"!
--
every night
when you retire to bed
and your eyes shut the consciousness
you seize to exist
till morning!
"you" are helpless
"you" for "you" are "not there"!
--
every morning
you are born again!
albeit
with memories of your last birth
of yesterdays!
--
everyday is your birthday!
--
life is like day-trading.
whether you plan a swing-trade
or investment
a day is all you have got
today!
--
don't run after tomorrow
for there is
none!
--
today is the tomorrow you were waiting for!
say hello to it
and do what you wanted to do!
--
every morning
say
"happy birthday to me!"
Sunday, January 23, 2011
remembering russia's pain
before disintegration
of the mighty USSR
in 1991
russians had huge money in circulation
all of which
couldn't be spent in russia itself
simply because the money supply was too huge
for the russian markets
to absorb!
so, russians spent it
in buying from other USSR states!
--
but when USSR disintegrated
other fellow states
became independent countries
with separate currencies!
rouble was no longer
worth anything there!
--
huge money supply resulted into
huge inflation!
products and services became very costly.
simultaneous external liberalisation
(as a precondition to getting huge dollar loans
for buying raw materials and essential commodities)
ensured that costly russian goods
got crushed under cheap imports
small corporates went bust
bigger ones barely clung on.
--
rouble suddenly became very very weak in front of dollar
crushing for inevitable imports
superb for nearly impossible exports
--
with the collapse of businesses
ability to pay taxes went down.
without taxes, government couldn't pay salaries
(most russians were in government jobs)
government couldn't undertake infrastructure development
or social welfare.
--
all this while
government couldn't opt for
deficit financing
as the money supply was already very very high
deficit financing would have driven it to suicidal levels!
so, those who had roubles without salaries
could still manage for some time
while others were on street.
--
all that the government could do was
1) either wait till even the rich russians were penniless
and then release more roubles, or
2) wait till inflation had hit peak (and trade had touch its bottom)
hopefully without serious casualties
and then gradually release fresh roubles.
none of these were good options
despite being nothing more than temporary hopes!
--
best options available were
- default on debt repayment saving precious foreign currency
- stop imports except most crucial
- export whatever was possible
- let russian industry stand up on its feet in the absence of imports
- reduce taxes, tax the rich
- not to stop paying salaries, but reduce them
- reduce ineffciency
- reduce payrolls, give others indirect employment
- let corporations and industries make profit
- let equilibrium come over a period of time
------
almost overnight
the communist
closed-economy
superpower
was reduced to a developing
capitalist
open-economy
struggling to remain afloat!
--
this was to be
one of the most painful economic transitions
in the world history
with no short-cut solution!
--
it was 1991 then
today is 2011
...20 years have past
the giant
has silently recovered
from the nightmare!
--
russia
has been forgotten
on the world economic stage
and it is a big mistake!
--
pray nothing ever happens to dollar
otherwise the results will be
hundred times more painful
for 3/4th of the world!
of the mighty USSR
in 1991
russians had huge money in circulation
all of which
couldn't be spent in russia itself
simply because the money supply was too huge
for the russian markets
to absorb!
so, russians spent it
in buying from other USSR states!
--
but when USSR disintegrated
other fellow states
became independent countries
with separate currencies!
rouble was no longer
worth anything there!
--
huge money supply resulted into
huge inflation!
products and services became very costly.
simultaneous external liberalisation
(as a precondition to getting huge dollar loans
for buying raw materials and essential commodities)
ensured that costly russian goods
got crushed under cheap imports
small corporates went bust
bigger ones barely clung on.
--
rouble suddenly became very very weak in front of dollar
crushing for inevitable imports
superb for nearly impossible exports
--
with the collapse of businesses
ability to pay taxes went down.
without taxes, government couldn't pay salaries
(most russians were in government jobs)
government couldn't undertake infrastructure development
or social welfare.
--
all this while
government couldn't opt for
deficit financing
as the money supply was already very very high
deficit financing would have driven it to suicidal levels!
so, those who had roubles without salaries
could still manage for some time
while others were on street.
--
all that the government could do was
1) either wait till even the rich russians were penniless
and then release more roubles, or
2) wait till inflation had hit peak (and trade had touch its bottom)
hopefully without serious casualties
and then gradually release fresh roubles.
none of these were good options
despite being nothing more than temporary hopes!
--
best options available were
- default on debt repayment saving precious foreign currency
- stop imports except most crucial
- export whatever was possible
- let russian industry stand up on its feet in the absence of imports
- reduce taxes, tax the rich
- not to stop paying salaries, but reduce them
- reduce ineffciency
- reduce payrolls, give others indirect employment
- let corporations and industries make profit
- let equilibrium come over a period of time
------
almost overnight
the communist
closed-economy
superpower
was reduced to a developing
capitalist
open-economy
struggling to remain afloat!
--
this was to be
one of the most painful economic transitions
in the world history
with no short-cut solution!
--
it was 1991 then
today is 2011
...20 years have past
the giant
has silently recovered
from the nightmare!
--
russia
has been forgotten
on the world economic stage
and it is a big mistake!
--
pray nothing ever happens to dollar
otherwise the results will be
hundred times more painful
for 3/4th of the world!
life inside a pyramid
a person's ability to live a good life
depends upon
his or her ability to spend money
which in-turn depends on
his or her ability to earn money
which further depends on
his or her ability to sell something (product or service)
which depends on
his or her entrepreneurial abilities.
--
everyone doesn't have those.
majority want
a plain good job.
--
allow one entrepreneur to be a billionaire
10 millionaires will be born
supported by
100 high networth individuals
supported by
1000 middle income individuals
serviced by
10000 salaried group
besides indirectly
giving passing opportunities
to 100000!
--
without entrepreneurs economies collapse!
and for entrepreneurship to be lucrative
we need entrepreneur-friendly business environment.
--
but one thing is clear
today's economies are fundamentally
pyramid shaped!
divided, inevitably, into vertical classes.
pyramid economies
result into
pyramid social set-ups!
--
also,
those not trained or able
to add any significant value to this pyramid
are likely to be left out
especially in the absence of a social security network!
depends upon
his or her ability to spend money
which in-turn depends on
his or her ability to earn money
which further depends on
his or her ability to sell something (product or service)
which depends on
his or her entrepreneurial abilities.
--
everyone doesn't have those.
majority want
a plain good job.
--
allow one entrepreneur to be a billionaire
10 millionaires will be born
supported by
100 high networth individuals
supported by
1000 middle income individuals
serviced by
10000 salaried group
besides indirectly
giving passing opportunities
to 100000!
--
without entrepreneurs economies collapse!
and for entrepreneurship to be lucrative
we need entrepreneur-friendly business environment.
--
but one thing is clear
today's economies are fundamentally
pyramid shaped!
divided, inevitably, into vertical classes.
pyramid economies
result into
pyramid social set-ups!
--
also,
those not trained or able
to add any significant value to this pyramid
are likely to be left out
especially in the absence of a social security network!
Saturday, January 22, 2011
trader's fast!
a trader was losing in the market
daily!
he tried every indicator
but lost!
he then opted for tips...
that too didn't help!
on someone's advise
he then took to astro-trading
and
started losing more!!
he was fed up!
he surrendered!!
but he simply couldn't digest
that he had lost!
"there must be a reason!
i will not quit till i get a satisfactory answer for my repeated losses!"
he went to the veterans of the market
and experts
and successful traders
to know the reason
why he failed!
--
but everyone he met
wasn't happy with
his or her own results!
dejected
he stopped eating!
--
one day went past!
his frustration didn't subside.
he was dead hungry
but he didn't eat!
another day came
and went.
by now
his fast had extended beyond 48 hours!
his anger had been blunted
and so had his hunger
but not his resolve
not to eat till he got the answer to his question!
--
he continued his fast!
one more day passed
then one more...
he went very weak
but only physically!
--
on fifth night
well past midnight
the goddess of stock market appeared in his dreams!
his dimming hungry eyes
were suddenly lit with a spark!!!
he got the golden chance he was looking for!
"ask me anything, son! i am happy with you!"
"but you are not happy with me inside the market, mother!"
the goddess was taken aback at the blunt question!
"yes, i am not!"
"why mother? that's the question i started this fast for! why am i constantly losing?"
"why don't you ask me something else, child?"
"no, mother, if you are happy, give me the answer, tell me the secret!"
"well, then listen!
every trader in the market
is out to BEAT THE MARKET!
this makes me very angry.
nobody out there
wants to
BE WITH the market!!!
i fulfill the wishes of those who do!"
--
saying these words
the goddess disappeared!
--
the ecstated trader broke his fast
and started waiting eagerly
for the monday morning!
daily!
he tried every indicator
but lost!
he then opted for tips...
that too didn't help!
on someone's advise
he then took to astro-trading
and
started losing more!!
he was fed up!
he surrendered!!
but he simply couldn't digest
that he had lost!
"there must be a reason!
i will not quit till i get a satisfactory answer for my repeated losses!"
he went to the veterans of the market
and experts
and successful traders
to know the reason
why he failed!
--
but everyone he met
wasn't happy with
his or her own results!
dejected
he stopped eating!
--
one day went past!
his frustration didn't subside.
he was dead hungry
but he didn't eat!
another day came
and went.
by now
his fast had extended beyond 48 hours!
his anger had been blunted
and so had his hunger
but not his resolve
not to eat till he got the answer to his question!
--
he continued his fast!
one more day passed
then one more...
he went very weak
but only physically!
--
on fifth night
well past midnight
the goddess of stock market appeared in his dreams!
his dimming hungry eyes
were suddenly lit with a spark!!!
he got the golden chance he was looking for!
"ask me anything, son! i am happy with you!"
"but you are not happy with me inside the market, mother!"
the goddess was taken aback at the blunt question!
"yes, i am not!"
"why mother? that's the question i started this fast for! why am i constantly losing?"
"why don't you ask me something else, child?"
"no, mother, if you are happy, give me the answer, tell me the secret!"
"well, then listen!
every trader in the market
is out to BEAT THE MARKET!
this makes me very angry.
nobody out there
wants to
BE WITH the market!!!
i fulfill the wishes of those who do!"
--
saying these words
the goddess disappeared!
--
the ecstated trader broke his fast
and started waiting eagerly
for the monday morning!
kalka-howrah mail - 2
the youngman soon became a successful trader!
after a few months
he visited delhi
for some official work.
in the evening
after getting free
he took a taxi
to the newdelhi railway station.
--
on reaching the station
he jumped out of the car
without paying!
"just wait here and take care of my luggage, we need to go further!" he said to the taxi driver
and then quickly rushed inside the station
leaving his suitcase
and the bewildered driver
behind!
--
inside
he went straigt to the ticket counter
bought the "multi-purpose any-train-on-the-route ticket"
came out
sat in the taxi again
and politely ordered
"pl take me to the underbridge 3 kilometers ahead!"
the taxi driver gave a strange look to the youngman
started the taxi
and reluctantly did what he was told!
--
the driver stopped the taxi
under the bridge 3km ahead of the station!
the youngman was happy
the driver was confused!
--
the guy paid the fare
thanked the driver
picked his suitcase
went under the bridge
and stood beside
a dozen railway tracks
under the railway signal pillars!
--
the taxi driver
was still there!
he wanted to doublecheck
what the suspicious youngman was upto!
and then
what he saw
made his eyes pop out of the sockets
in sheer disbelief!
--
a train came
stopped in front of the youngman.
the youngman looked for his coach
climbed in
took his seat
looked out of the window
and waved at the taxi driver!!!
--
the train again started after a few minutes
and picked up pace!
the lad took out his cellphone
and called home
"mom! i've got the train! on time!!"
"don't catch the wrong one this time, son!" mom replied jokingly!
"this time it is the right one!!"
"has it left the station?" she asked again
"it must have left sometime ago, mom!"
"what do you mean?" the shocked mom asked
"i caught it in-between!"
"good lord! what do you mean by 'in-between'?"
"mom, i always noticed that all trains stop at the subzi-mandi rail lights after moving out of new-delhi railway station. every train has to make way for the next train approaching the platform irrespective of whether the line ahead is clear or not! many times, it isn't. almost all trains move out the station but pause at these lights under the subzimandi bridge till they turn green! i came till here on taxi and didn't have to wait much!"
"didn't you feel awkward?"
"no, mom! not at all! i do this every day in my stock trading!"
"how!?"
"everytime a stock moves out of a range platform i always notice that it pauses and retreats a bit after moving out to some distance. it makes a higher low or lower high and then zooms ahead! i always enter the trade at that time, mom! this way, i am always in the right trade at the right time!"
after a few months
he visited delhi
for some official work.
in the evening
after getting free
he took a taxi
to the newdelhi railway station.
--
on reaching the station
he jumped out of the car
without paying!
"just wait here and take care of my luggage, we need to go further!" he said to the taxi driver
and then quickly rushed inside the station
leaving his suitcase
and the bewildered driver
behind!
--
inside
he went straigt to the ticket counter
bought the "multi-purpose any-train-on-the-route ticket"
came out
sat in the taxi again
and politely ordered
"pl take me to the underbridge 3 kilometers ahead!"
the taxi driver gave a strange look to the youngman
started the taxi
and reluctantly did what he was told!
--
the driver stopped the taxi
under the bridge 3km ahead of the station!
the youngman was happy
the driver was confused!
--
the guy paid the fare
thanked the driver
picked his suitcase
went under the bridge
and stood beside
a dozen railway tracks
under the railway signal pillars!
--
the taxi driver
was still there!
he wanted to doublecheck
what the suspicious youngman was upto!
and then
what he saw
made his eyes pop out of the sockets
in sheer disbelief!
--
a train came
stopped in front of the youngman.
the youngman looked for his coach
climbed in
took his seat
looked out of the window
and waved at the taxi driver!!!
--
the train again started after a few minutes
and picked up pace!
the lad took out his cellphone
and called home
"mom! i've got the train! on time!!"
"don't catch the wrong one this time, son!" mom replied jokingly!
"this time it is the right one!!"
"has it left the station?" she asked again
"it must have left sometime ago, mom!"
"what do you mean?" the shocked mom asked
"i caught it in-between!"
"good lord! what do you mean by 'in-between'?"
"mom, i always noticed that all trains stop at the subzi-mandi rail lights after moving out of new-delhi railway station. every train has to make way for the next train approaching the platform irrespective of whether the line ahead is clear or not! many times, it isn't. almost all trains move out the station but pause at these lights under the subzimandi bridge till they turn green! i came till here on taxi and didn't have to wait much!"
"didn't you feel awkward?"
"no, mom! not at all! i do this every day in my stock trading!"
"how!?"
"everytime a stock moves out of a range platform i always notice that it pauses and retreats a bit after moving out to some distance. it makes a higher low or lower high and then zooms ahead! i always enter the trade at that time, mom! this way, i am always in the right trade at the right time!"
pl don't read this book.....!
either read this book
NOW
or make sure you don't touch it
20 years down the line
after you fail in all attempts
to be a millionaire!!!
because if you touch it then
you might be tempted to shoot yourself
for having ignored it
20 years ago
when you had
time on your side!
--
"the secrets of the millionaire mind"
by T.Harv Eker
(superb translation in our national language Hindi also available)
NOW
or make sure you don't touch it
20 years down the line
after you fail in all attempts
to be a millionaire!!!
because if you touch it then
you might be tempted to shoot yourself
for having ignored it
20 years ago
when you had
time on your side!
--
"the secrets of the millionaire mind"
by T.Harv Eker
(superb translation in our national language Hindi also available)
Friday, January 21, 2011
kalka-howrah mail
the auto reached new delhi railway station
the youngman quickly got off
picked his suitcase
paid the driver
and rushed in
straight to the ticket counter.
"one IIAC for kalka pl"
"which train"
"kalka-hawrah mail"
"pl fill this form"
he took out his jetter
jotted down his biodata
got the ticket
and rushed straight to the platform
crossing 7 platforms in-between
using the overbridge!
the train was ready
he had reached
just in time
once again!
--
kalka is the border point between haryana and himachal.
howrah is in west bengal.
'kalka-hawrah' mail
moves like a long necklace
around mother India
from around her neck to her left hand
extended towards far east!!
--
the youngman
dropped on the berth
took out 'trading your gut' by alexander elder
looked at his watch
and smiled big
anticipating a great journey
to the foothills of the himalayas!
--
"10.50pm"
but the train didn't start.
11...11.15...11.40....
the train didn't budge!
then...
finally...
it started
and the youngman heaved a sigh of relief!
--
but to his surprise
it started inching in the wrong direction!
"it is just shunting with some coaches" he said to himself.
gradually,
with a push
the train started crawling a bit more
but still
in the wrong direction!
the youngman's surprise
now turned into discomfort.
--
he excused dr.alexander
put down the book
and popped out of the window!
the train was wriggling
in howrah's direction
and slowly gathering momentum!
--
the youngman's discomfort now changed to panic!
he picked up dr.alexander and his suitcase
and leaped towards the exit door.
the train had yet not picked pace
it was moving very slowly
and was well within
the very long platform.
--
"should i get out or
should i wait?
may be it is just trying to change direction!" he discussed with himself!
he waited...
finally
the wriggling train
took mercy
and
and
and
picked some more pace!!!
--
"what's happening?
why is it going in howrah's direction?
kalka is that way?"
the youngman now started sweating!
the pace of the train was not much
and he could still easily deboard the train!
"but what if i am in the right train?
what if it is just going out of the station to change lane?
there are over a thousand others too in here!
all can't be wrong!"
and then
the train
finally
with a jerk
picked more pace!!!!
--
the youngman
now knew something needed to be done fast!
the platform end was in sight!
he had to decide in a few seconds.
he could still jump off
safely!
" i should get off
and get ticket for any other train to chandigarh.
there are many going chandigarh way.
from there i can catch a bus to kalka easily." he thought
"but what about this ticket?
what about this money i have already spent?
what if this train were to turn back out of the station?
what if the train just returns from nizamuddin station? or from faridabad or mathura?
i can wait!
yes,i can wait!
yes, yes, i must wait!!
i should have patience!"
--
and with those thoughts
the platform ended!
the youngman felt something in his chest.
but he gathered himself
and dr.alexander
and went back to his berth!
--
the train gained pace
with a long hoot
which pierced the youngman's ears
and hit deep within!
--
faridabad came
the train didn't turn.
the youngman waited boldly!
mathura came
the train didn't turn
the youngman waited bravely!!
--
1-2-3-6-9 hours passed.
the train was now rushing towards west bengal!
the youngman had
by now
patched up with the reality!
"i had never been to west bengal. i have never seen the howrah bridge. god wants me to see all this! it's all god' wish! i can easily pay for this unplanned trip!"
--
t.t. came
the youngman
took out the ticket
and handed over!
"are you nuts! where are you going?"
"howrah!"
"but the ticket is for kalka!"
"then, sir, why is the train moving this way?"
"where else should it go?" t.t. replied
"this was supposed to go to kalka" the youngman quipped back.
"that was the other kalka-howrah mail on the next platform. these two cross each other in new delhi everyday. you got into the wrong one! why didn't you drop down well within the extra-long platform? and why didn't you get down atleast on the next station? or next to next?"
--
the youngman had no answer!
he looked at dr.alexander
dr.alexander popped out of the book's cover
"you can't be a trader! stop bothering me."
--
---
----
and then
suddenly
the alarm clock rudely pulled
the youngman
out of his dream
straight onto the platform
of morning!
--
he found himself sweating
on a winter morning!
"thank god!" he murmurred!
he quickly took out his trading diary
and wrote
"1. check thrice before you board the trade
2. if, by mistake, you still board the wrong trade, get off well within the long stoploss platforms.
3. don't wait for the wrong trade to turn back. just get off! there are many others leaving for your place!
4. if you miss the platform, atleast get down at the next station (lower high or higher low) and take the reverse ticket!
5. go and see the howrah bridge atleast once in life.......with planning!"
the youngman quickly got off
picked his suitcase
paid the driver
and rushed in
straight to the ticket counter.
"one IIAC for kalka pl"
"which train"
"kalka-hawrah mail"
"pl fill this form"
he took out his jetter
jotted down his biodata
got the ticket
and rushed straight to the platform
crossing 7 platforms in-between
using the overbridge!
the train was ready
he had reached
just in time
once again!
--
kalka is the border point between haryana and himachal.
howrah is in west bengal.
'kalka-hawrah' mail
moves like a long necklace
around mother India
from around her neck to her left hand
extended towards far east!!
--
the youngman
dropped on the berth
took out 'trading your gut' by alexander elder
looked at his watch
and smiled big
anticipating a great journey
to the foothills of the himalayas!
--
"10.50pm"
but the train didn't start.
11...11.15...11.40....
the train didn't budge!
then...
finally...
it started
and the youngman heaved a sigh of relief!
--
but to his surprise
it started inching in the wrong direction!
"it is just shunting with some coaches" he said to himself.
gradually,
with a push
the train started crawling a bit more
but still
in the wrong direction!
the youngman's surprise
now turned into discomfort.
--
he excused dr.alexander
put down the book
and popped out of the window!
the train was wriggling
in howrah's direction
and slowly gathering momentum!
--
the youngman's discomfort now changed to panic!
he picked up dr.alexander and his suitcase
and leaped towards the exit door.
the train had yet not picked pace
it was moving very slowly
and was well within
the very long platform.
--
"should i get out or
should i wait?
may be it is just trying to change direction!" he discussed with himself!
he waited...
finally
the wriggling train
took mercy
and
and
and
picked some more pace!!!
--
"what's happening?
why is it going in howrah's direction?
kalka is that way?"
the youngman now started sweating!
the pace of the train was not much
and he could still easily deboard the train!
"but what if i am in the right train?
what if it is just going out of the station to change lane?
there are over a thousand others too in here!
all can't be wrong!"
and then
the train
finally
with a jerk
picked more pace!!!!
--
the youngman
now knew something needed to be done fast!
the platform end was in sight!
he had to decide in a few seconds.
he could still jump off
safely!
" i should get off
and get ticket for any other train to chandigarh.
there are many going chandigarh way.
from there i can catch a bus to kalka easily." he thought
"but what about this ticket?
what about this money i have already spent?
what if this train were to turn back out of the station?
what if the train just returns from nizamuddin station? or from faridabad or mathura?
i can wait!
yes,i can wait!
yes, yes, i must wait!!
i should have patience!"
--
and with those thoughts
the platform ended!
the youngman felt something in his chest.
but he gathered himself
and dr.alexander
and went back to his berth!
--
the train gained pace
with a long hoot
which pierced the youngman's ears
and hit deep within!
--
faridabad came
the train didn't turn.
the youngman waited boldly!
mathura came
the train didn't turn
the youngman waited bravely!!
--
1-2-3-6-9 hours passed.
the train was now rushing towards west bengal!
the youngman had
by now
patched up with the reality!
"i had never been to west bengal. i have never seen the howrah bridge. god wants me to see all this! it's all god' wish! i can easily pay for this unplanned trip!"
--
t.t. came
the youngman
took out the ticket
and handed over!
"are you nuts! where are you going?"
"howrah!"
"but the ticket is for kalka!"
"then, sir, why is the train moving this way?"
"where else should it go?" t.t. replied
"this was supposed to go to kalka" the youngman quipped back.
"that was the other kalka-howrah mail on the next platform. these two cross each other in new delhi everyday. you got into the wrong one! why didn't you drop down well within the extra-long platform? and why didn't you get down atleast on the next station? or next to next?"
--
the youngman had no answer!
he looked at dr.alexander
dr.alexander popped out of the book's cover
"you can't be a trader! stop bothering me."
--
---
----
and then
suddenly
the alarm clock rudely pulled
the youngman
out of his dream
straight onto the platform
of morning!
--
he found himself sweating
on a winter morning!
"thank god!" he murmurred!
he quickly took out his trading diary
and wrote
"1. check thrice before you board the trade
2. if, by mistake, you still board the wrong trade, get off well within the long stoploss platforms.
3. don't wait for the wrong trade to turn back. just get off! there are many others leaving for your place!
4. if you miss the platform, atleast get down at the next station (lower high or higher low) and take the reverse ticket!
5. go and see the howrah bridge atleast once in life.......with planning!"
Wednesday, January 19, 2011
7 enemies,1 friend & 1 advisor of a day trader
7enemies
========
predicting
expecting
betting
hoping
forecasting
guessing
anticipating
1 friend
========
following
1 advisor
=========
waiting
---------------------------------------------
what is happening
is more important than
what should have happened
--
day trading is the only place
where being reactive
is more important than
being proactive!
========
predicting
expecting
betting
hoping
forecasting
guessing
anticipating
1 friend
========
following
1 advisor
=========
waiting
---------------------------------------------
what is happening
is more important than
what should have happened
--
day trading is the only place
where being reactive
is more important than
being proactive!
Tuesday, January 18, 2011
swing trading vs day trading
(day trading + btst) x 5 days = swing trading
if you take a long position for swing trading
and market falls
will you intervene?
if you don't
(saying it is swing trading and not day trading)
your account bleeds!
and if you intervene
you are not swing trading
you are day trading.
moral of the story
= there is nothing called swing trading in strict sense
every trading is a superset or subset of day trading.
otherwise it is just a fell-good excuse
for not monitoring
or not being able to monitor
market regularly!
if you take a long position for swing trading
and market falls
will you intervene?
if you don't
(saying it is swing trading and not day trading)
your account bleeds!
and if you intervene
you are not swing trading
you are day trading.
moral of the story
= there is nothing called swing trading in strict sense
every trading is a superset or subset of day trading.
otherwise it is just a fell-good excuse
for not monitoring
or not being able to monitor
market regularly!
how to overcome your sunsign in trading?
just follow a method.
a method has no date of birth
and hence no zodiac sign
and hence no limitations by birth!
incorporate that method with the strengths of all sun-signs
and
let that method trade on your behalf!
you will be a great trader!!
also,
pl remember
as Osho says
"being aware of your limitations
is the beginning of freedom from it!"
a method has no date of birth
and hence no zodiac sign
and hence no limitations by birth!
incorporate that method with the strengths of all sun-signs
and
let that method trade on your behalf!
you will be a great trader!!
also,
pl remember
as Osho says
"being aware of your limitations
is the beginning of freedom from it!"
understanding PISCES traders!
pisces
those born between
february 19 – march 20
unassuming = natural trend following ability like the aquarians
very knowledgeadble = icebergs of knowledgeable trader community, will share happily if you ask them
extremely low profile = silent traders
overcautious = enter and exit traders rather late,miss rallies
gullible = easy targets of market manipulators, need to be conscious and cautious
generous = don't hesitate to book loss, don't hesitate to let profit slip
winners despite difficulties = fall in traps but their natural abilities rescue them
intense determination = fast learners, remember lessons life long
passionate = can't leave trading once get the taste of it
those born between
february 19 – march 20
unassuming = natural trend following ability like the aquarians
very knowledgeadble = icebergs of knowledgeable trader community, will share happily if you ask them
extremely low profile = silent traders
overcautious = enter and exit traders rather late,miss rallies
gullible = easy targets of market manipulators, need to be conscious and cautious
generous = don't hesitate to book loss, don't hesitate to let profit slip
winners despite difficulties = fall in traps but their natural abilities rescue them
intense determination = fast learners, remember lessons life long
passionate = can't leave trading once get the taste of it
understanding AQUARIOUS traders!
aquarius
those born between
january 20 – february 18
simple and unassuming = natural trend followers, give weightage to what is in front of them
silent achievers = likely to figure in all lists of achievers somewhere above the middle and below the top!
unorthodox = do things differently including trading but are surprisingly effective
honest = accept losses with grace, honour stop loss without much difficulty
loyal = to their method
highly intelligent = good knack of understanding what market is trying to do!
easy going and make natural friendships = are there in this list too, but not much demanding
prone to laziness = casual laid back approach despite knowing it all is their concern!
artistic and poetic = can handle market stress easily!
those born between
january 20 – february 18
simple and unassuming = natural trend followers, give weightage to what is in front of them
silent achievers = likely to figure in all lists of achievers somewhere above the middle and below the top!
unorthodox = do things differently including trading but are surprisingly effective
honest = accept losses with grace, honour stop loss without much difficulty
loyal = to their method
highly intelligent = good knack of understanding what market is trying to do!
easy going and make natural friendships = are there in this list too, but not much demanding
prone to laziness = casual laid back approach despite knowing it all is their concern!
artistic and poetic = can handle market stress easily!
Monday, January 17, 2011
understanding SAGITTARIUS traders!
sagittarius
those born between
november 22 – December 21
philosopher = take trade seriously, profits non-seriously and losses lightly!
great ability for focus = great achievers, almost effortlessly
very intense = love trading more than the results
impatient = restless traders who want to touch the sky overnight! fear wearing out or burning out too fast! must control and channel their trading energy!
expect quick results = are bad investors but natural scalpers!
strong fighters = when pushed against wall, can carve the most impressive trading successes!
lack of commitment = have poor methods, weak discipline and casual mindset - major hinderances to big-time success!
those born between
november 22 – December 21
philosopher = take trade seriously, profits non-seriously and losses lightly!
great ability for focus = great achievers, almost effortlessly
very intense = love trading more than the results
impatient = restless traders who want to touch the sky overnight! fear wearing out or burning out too fast! must control and channel their trading energy!
expect quick results = are bad investors but natural scalpers!
strong fighters = when pushed against wall, can carve the most impressive trading successes!
lack of commitment = have poor methods, weak discipline and casual mindset - major hinderances to big-time success!
understanding CAPRICORN traders!
capricorn
those born between
december 22 – january 19
philosophical = mentally adjust to changing situations fast
highly intelligent = make smart traders, apply their knowledge to perfection
love stability and order = make sure that they control their trades and trades don't control them
good organizers = manage their trades and money very well
purposeful, systematic = most methodical traders
intuitive = with experience develop superb knack of identifying opportunities and threats to
perfection but generally don’t share it with others freely!
hate opposition or criticism = are highly individualist traders
shrug off negative comments = self-made, self-propelled, self-motivated traders .
patient and persevering = capable of playing long trading innings thru tough situations
responsible = bear full responsibility and answerability towards all good as well as bad trades
individualists = don't share their trading dilemmas with anyone. believe in finding their own solutions to their problems.
those born between
december 22 – january 19
philosophical = mentally adjust to changing situations fast
highly intelligent = make smart traders, apply their knowledge to perfection
love stability and order = make sure that they control their trades and trades don't control them
good organizers = manage their trades and money very well
purposeful, systematic = most methodical traders
intuitive = with experience develop superb knack of identifying opportunities and threats to
perfection but generally don’t share it with others freely!
hate opposition or criticism = are highly individualist traders
shrug off negative comments = self-made, self-propelled, self-motivated traders .
patient and persevering = capable of playing long trading innings thru tough situations
responsible = bear full responsibility and answerability towards all good as well as bad trades
individualists = don't share their trading dilemmas with anyone. believe in finding their own solutions to their problems.
understanding LIBRAN traders!
libra
those born between
september 23 – october 22
seek balance = often take too much of time to decide going in and coming out of a trade; keep weighing pros and cons
love justice = go after a bad trade to "do justice" and to get back the loss. feel guilty about profit and become careless till they lose the profit and balance it all!
value stability = are terribly uncomfortable at unreasonable market behaviours; are not natural
traders.
appreciate harmony and beauty = hate market tricks and manipulations, often surrender to market
forces to seek and grab harmony
go to extremes = when they are fed up, they momentary lose their sense of balance and they retaliate, often to their own peril
very understanding, caring = even for those who take their money; prefer being tagged a 'gentleman' even at the cost of losing
intuitive = with experience their sense of trade is killer!
quiet and shy = they often let opportunities slip.
excellent debaters = excellent in theory, weak in practical
those born between
september 23 – october 22
seek balance = often take too much of time to decide going in and coming out of a trade; keep weighing pros and cons
love justice = go after a bad trade to "do justice" and to get back the loss. feel guilty about profit and become careless till they lose the profit and balance it all!
value stability = are terribly uncomfortable at unreasonable market behaviours; are not natural
traders.
appreciate harmony and beauty = hate market tricks and manipulations, often surrender to market
forces to seek and grab harmony
go to extremes = when they are fed up, they momentary lose their sense of balance and they retaliate, often to their own peril
very understanding, caring = even for those who take their money; prefer being tagged a 'gentleman' even at the cost of losing
intuitive = with experience their sense of trade is killer!
quiet and shy = they often let opportunities slip.
excellent debaters = excellent in theory, weak in practical
understanding CANCERIAN traders!
cancer
those born between
june 21 – july 22
love home-life, family and domestic settings = have easy go happy trading style, not very demanding, peace of mind and routine are more important!
traditionalists = stick to time tested principles and are never without returns!
operate on a fundamental level = do what is right, whatever the result
love history = they don't forget experiences, have rich database of trades gone right and wrong
contradictory = have the habit of surprising self and others by trading opposite to what they know should be done! moody traders!
hide their mood = don't share their trade or reason behind the trades, don't reveal their opinion, difficult to know how they will act in the trade
conservative = are not open to new methods and ideas, make good investors but over stay in the stock!
unstable = can't stay in a trade for long; win small, lose small; are one of the first to react to any situation
loyal = love trading, love the market, are nostalgic about stocks! can hold on to stocks till they sink despite being aware of this!
loners = trade on their own, don't like to take advise or tips, do what they want to do
retreat on their terms = often get what they want even at the wrong cost!
those born between
june 21 – july 22
love home-life, family and domestic settings = have easy go happy trading style, not very demanding, peace of mind and routine are more important!
traditionalists = stick to time tested principles and are never without returns!
operate on a fundamental level = do what is right, whatever the result
love history = they don't forget experiences, have rich database of trades gone right and wrong
contradictory = have the habit of surprising self and others by trading opposite to what they know should be done! moody traders!
hide their mood = don't share their trade or reason behind the trades, don't reveal their opinion, difficult to know how they will act in the trade
conservative = are not open to new methods and ideas, make good investors but over stay in the stock!
unstable = can't stay in a trade for long; win small, lose small; are one of the first to react to any situation
loyal = love trading, love the market, are nostalgic about stocks! can hold on to stocks till they sink despite being aware of this!
loners = trade on their own, don't like to take advise or tips, do what they want to do
retreat on their terms = often get what they want even at the wrong cost!
understanding VIRGO traders!
virgo
august 23 – september 22
keen minds = welcome any trading idea
charmers = have the ability to convince others (and self) to trade in a suicidal trading position
inquisitive = generally don't trade till every question is answered. often get late in the trade! and late to get out of it!!
skilled at information gathering = they generally have the right answer to any trading situation, but unfortunately not timely
naturally intuitive = once experienced, are deadly intuitive about trading outcomes!
remarkable memories = rarely forget a mistake
analytical = are thorough in analysing the trade (often get late!) but make great investors!
short-tempered, impatient = enough to undo the good trading qualities!
excellent teammates = share trades with everyone (and results too!)
freely express their opinions (even when unwarranted) = are great opinion makers. beware of them!
august 23 – september 22
keen minds = welcome any trading idea
charmers = have the ability to convince others (and self) to trade in a suicidal trading position
inquisitive = generally don't trade till every question is answered. often get late in the trade! and late to get out of it!!
skilled at information gathering = they generally have the right answer to any trading situation, but unfortunately not timely
naturally intuitive = once experienced, are deadly intuitive about trading outcomes!
remarkable memories = rarely forget a mistake
analytical = are thorough in analysing the trade (often get late!) but make great investors!
short-tempered, impatient = enough to undo the good trading qualities!
excellent teammates = share trades with everyone (and results too!)
freely express their opinions (even when unwarranted) = are great opinion makers. beware of them!
understanding TAURUS traders!
Taurus
those born between
april 20 – may 20
strong = natural talent to withstand market shakeups!
stamina = are the last to book profit (and unfortuately also in booking loss)
will = keep trying till they succeed
stubborn = worst performers as far as honouring stop loss is concerned unless ofcourse if they have the will!
good business sense = good trading sense often overshadowed by other personality traits
friendly and generous = including friendly and generous to loss
those born between
april 20 – may 20
strong = natural talent to withstand market shakeups!
stamina = are the last to book profit (and unfortuately also in booking loss)
will = keep trying till they succeed
stubborn = worst performers as far as honouring stop loss is concerned unless ofcourse if they have the will!
good business sense = good trading sense often overshadowed by other personality traits
friendly and generous = including friendly and generous to loss
understanding SCORPIO traders!
scorpion
those born between
october 23 – november 21
bold = don't hesitate to trade in troubled waters
cool, control = have natural talent to survive tense trading situations
unshakable focus = never trade casually
secretive = generally don't share their trade, atleast not the crucial parameters
vigilant = don't miss any important market move
involved = can't stay away from the market, thus resulting in overtrade and wrong trades despite knowing it!
powerful sting = profit big, frequently
see opposition as healthy = respect the trend, honour stop loss, admit their trading mistake
those born between
october 23 – november 21
bold = don't hesitate to trade in troubled waters
cool, control = have natural talent to survive tense trading situations
unshakable focus = never trade casually
secretive = generally don't share their trade, atleast not the crucial parameters
vigilant = don't miss any important market move
involved = can't stay away from the market, thus resulting in overtrade and wrong trades despite knowing it!
powerful sting = profit big, frequently
see opposition as healthy = respect the trend, honour stop loss, admit their trading mistake
understanding GEMINI traders!
gemini
those born between
may 21 - June 20
gemini traders are
flexible, balanced and adaptable = and hence have the natural talent to go with the trend!
fast learners = and hence understand newer situations faster and better
prone to mood swings = and hence, at times, are unable to implement what they know!
affectionate and charismatic - and hence share things, inspire others
self-motivated = can take counter-trend positions effortlessly
drive hard bargains = and hence time the trade quite good!
those born between
may 21 - June 20
gemini traders are
flexible, balanced and adaptable = and hence have the natural talent to go with the trend!
fast learners = and hence understand newer situations faster and better
prone to mood swings = and hence, at times, are unable to implement what they know!
affectionate and charismatic - and hence share things, inspire others
self-motivated = can take counter-trend positions effortlessly
drive hard bargains = and hence time the trade quite good!
understanding LEO traders!
leo
those born between
July 23 – August 22
born leaders = are into trends quite early!
strong opinions = trade with confidence
good analytical skills = have natural talent to understand trading situations
execute judgment swiftly = take positions in a flash
brave = can withstand market fluctuations
intuitive = if experienced, are great in sensing opportunities and dangers
sensitive = react strongly to their mistakes
those born between
July 23 – August 22
born leaders = are into trends quite early!
strong opinions = trade with confidence
good analytical skills = have natural talent to understand trading situations
execute judgment swiftly = take positions in a flash
brave = can withstand market fluctuations
intuitive = if experienced, are great in sensing opportunities and dangers
sensitive = react strongly to their mistakes
understanding ARIES traders!
Aries
those born between
March 21 – April 19
Aries traders are
creative, adaptive, and insightful = and hence have a lot of trading ideas (even where none exist!)
strong-willed = and hence sink deeper into loss without honouring stop loss, expecting a recovery; but can also easily hold on to winning positions till they turn bad!
spontaneous & impatient = and hence jump into trades and hence.........traps
very ambitious = and hence take bigger risks and more often
quick to anger = and hence ideal victims of big pockets!
excellent sense of humor = and hence are able to overcome the setbacks and return for more!!!
devoted friends = and hence never leave the markets
those born between
March 21 – April 19
Aries traders are
creative, adaptive, and insightful = and hence have a lot of trading ideas (even where none exist!)
strong-willed = and hence sink deeper into loss without honouring stop loss, expecting a recovery; but can also easily hold on to winning positions till they turn bad!
spontaneous & impatient = and hence jump into trades and hence.........traps
very ambitious = and hence take bigger risks and more often
quick to anger = and hence ideal victims of big pockets!
excellent sense of humor = and hence are able to overcome the setbacks and return for more!!!
devoted friends = and hence never leave the markets
identifying a trader among the investors
lets admit it
majority
if not all traders
are into stock trading
not just for money
but
subconsciously
also for the thrill
excitement
and kick
we drive out of trading!
the day we don't trade
or don't get the chance to trade
we feel so uncomfortable!
that is probably
the reason
we make trading opportunities
where none exist!
that is also a probable reason
why we
overtrade!
--
we can't extract the same thrill
from investing
or swing trading
where waiting is substantial.
moreover,
we can't wait
if we keep looking at the score!
--
that is why
majority traders are mentally
not best suited
to be investors!
and there is nothing wrong about it,
it is ok!!!
--
it is not a co-incidence
that i rarely see
a serious trader
who has the habit of drinking!
i can immediately tell
whether the person in the stock market
is a trader or an investor
by just asking one thing
"are you a teetotaler?"
if he is one
i know i am talking to a trader.
if not
then either he is an investor
or he is into an exciting co-occupation
or he is broke
or he is gonnabe...shortly!
--
trading and drinking
are clear signs
of a sinking ship!
--
investing is either for the rich
who have surplus money
and who are in no hurry
to listen to the daily ringing of coins
in the money box!
or
it is for those traders
who are already getting
the adrenalin pumped
from other sources
and are into trading
only for money!
--
trading is one of the biggest
intoxicating
and motivating
and boosting
occupation
or passtime
in th world!
it can delay the suicide plans
of a rich guy!
besides bringing the dead souls back!!!
--
not just the spirit
you will rarely see traders using
or frequently changing
brands
and gadgets
and other costly habits!
they get all the requisite joy
from trading
leaving these toys and lifestyle
to the broke or to the rich investors.
--
(note : i am a teetotaler and strongly recommend the same!)
majority
if not all traders
are into stock trading
not just for money
but
subconsciously
also for the thrill
excitement
and kick
we drive out of trading!
the day we don't trade
or don't get the chance to trade
we feel so uncomfortable!
that is probably
the reason
we make trading opportunities
where none exist!
that is also a probable reason
why we
overtrade!
--
we can't extract the same thrill
from investing
or swing trading
where waiting is substantial.
moreover,
we can't wait
if we keep looking at the score!
--
that is why
majority traders are mentally
not best suited
to be investors!
and there is nothing wrong about it,
it is ok!!!
--
it is not a co-incidence
that i rarely see
a serious trader
who has the habit of drinking!
i can immediately tell
whether the person in the stock market
is a trader or an investor
by just asking one thing
"are you a teetotaler?"
if he is one
i know i am talking to a trader.
if not
then either he is an investor
or he is into an exciting co-occupation
or he is broke
or he is gonnabe...shortly!
--
trading and drinking
are clear signs
of a sinking ship!
--
investing is either for the rich
who have surplus money
and who are in no hurry
to listen to the daily ringing of coins
in the money box!
or
it is for those traders
who are already getting
the adrenalin pumped
from other sources
and are into trading
only for money!
--
trading is one of the biggest
intoxicating
and motivating
and boosting
occupation
or passtime
in th world!
it can delay the suicide plans
of a rich guy!
besides bringing the dead souls back!!!
--
not just the spirit
you will rarely see traders using
or frequently changing
brands
and gadgets
and other costly habits!
they get all the requisite joy
from trading
leaving these toys and lifestyle
to the broke or to the rich investors.
--
(note : i am a teetotaler and strongly recommend the same!)
Sunday, January 16, 2011
best stocks for investing and trading
for investing
large caps are dangerous = many will not be the tops in next 5-10 years and slump
mid caps are the least dangerous = many are likely to become large caps in next 5-10 years
small caps are the most dangerous = many are likely to vanish in next 5-10 years
--
for trading
mid caps are dangerous = these can fluctuate a lot even in short term
large caps are the least dangerous = they are least likely to fluctuate big in short term. if they do, they are likely to recover if fundamentals are intact.
small caps are most dangerous = these can fluctuate wildly including in circuit locks
--
caution : only companies with decent corporate governance are being talked here. rest are not worthy of touching except when gambling is acceptable!
large caps are dangerous = many will not be the tops in next 5-10 years and slump
mid caps are the least dangerous = many are likely to become large caps in next 5-10 years
small caps are the most dangerous = many are likely to vanish in next 5-10 years
--
for trading
mid caps are dangerous = these can fluctuate a lot even in short term
large caps are the least dangerous = they are least likely to fluctuate big in short term. if they do, they are likely to recover if fundamentals are intact.
small caps are most dangerous = these can fluctuate wildly including in circuit locks
--
caution : only companies with decent corporate governance are being talked here. rest are not worthy of touching except when gambling is acceptable!
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