A trader was new to market.
He didn't know much about trading but wanted to make "a lot of money".
Since learning would have taken "a lot of time"
he decided to "buy professional help".
The next day I saw him in the trading jungle.
He was riding a tiger (highly leveraged risky position).
Margin deposited by him to ride the tiger = his life (his lifetime of savings).
He was still happy.
I silently waved at him to ask what the hell he was doing!!!
"You don't know how to handle a dog and you are riding the tiger!", I whispered with shocked eyes!
He just showed me his mobile phone.
I saw a series of sms tips from a brokerage house.
"Jump on the Tiger. Disclaimer=!@#$%^&*()"
"Now sit tight on the Tiger! Disclaimer=!@#$%^&*()"
"Now turn left by pulling his left ear. Disclaimer=!@#$%^&*()"
"Now turn right by pulling his right ear. Disclaimer=!@#$%^&*()"
"Don't worry if the Tiger is roaring. He is bluffing. Disclaimer=!@#$%^&*()"
"Don't worry if he knocks you down. He won't do anything as per our research. Disclaimer=!@#$%^&*()"
"If he is looking directly in your eyes, wait for the trend. Disclaimer=!@#$%^&*()"
"If he runs after you, maintain strict stop loss. Disclaimer=!@#$%^&*()"
Next day I found him dead.
I picked up his phone, went to his message box and saw
"Disclaimer=!@#$%^&*()"
---------------------------------------------------------
Morals of the story :
1. "In the past, those who foolishly sought power by riding on the back of the tiger ended up inside." - John F. Kennedy"
2. If you must ride a tiger on somebody's tip, know the crucial things yourself too.
3 comments:
This one was really good post I like it...
Regards,
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