have you ever played
minesweeper game
in windows?
the moment you open the game interface
81 tiny windows will pop up in a frame!
just like stock trading
where
the moment you open the trading screen
an array of opportunities will pop up in front of you!
inviting you
enticing you
luring you
to click
the "trade" button!
but just like in the minesweeper game
you shouldn't click the "trade" button
without applying your mind!
because many "windows" of opportunity
are actually
"window dressed" mines
waiting to be
"clicked" and "stepped on to"!
whether trading opportunities
or mine sweeper clicks
there are sufficient hints around
to sniff the danger
and pick and choose
profitable ones!
every invitation on the screen to trade
is not an opportunity!!!
Tampilkan postingan dengan label opportunities. Tampilkan semua postingan
Tampilkan postingan dengan label opportunities. Tampilkan semua postingan
Selasa, 15 Maret 2011
Selasa, 01 Maret 2011
right time to shoot
the 107 year old
96km long
serpentile
narrow gauge toy-train railway line
from kalka
to shimla
passes thru 103 tunnels
(only 102 are in actual use now).
the longest being 1.14km long.
--
the journey in this toy-train
is like travelling to heavens
while still alive!
--
over the clouds
under the clouds
over the bridges
under the bridges
into the tunnels
and out of them!
--
it is as much pleasure travelling in this train
as is there
in shooting it
with a powerful
camera
like a nikon d7000!
--
but obviously
you can't normally shoot it
inside the tunnel!
you've got to shoot it
only when it out of the tunnel!
(just like you can't take an aim at the market
inside the "overnight" tunnel!
you have to wait till it "comes out"
in the morning at the opening bell!)
--
to shoot the heavenly train
(with a camera)
you have to wait till it comes out of
one of the 103 tunnels!
even then
it is not easy to shoot it!
some times
it is behind mountains
while at other times
it gets hidden behind
cluster of deodars and pines.
at times
it vanishes in the folds of the valley!
--
you have to wait for
the suitable opportunity
to shoot
that great photo!
just like
you have to wait
for that correct opportunity
to shoot
that trade!
otherwise
while wasted photo in a digital slr
costs nothing more than a sigh,
a wasted trade in the market
costs something
even to professional
shooters!
96km long
serpentile
narrow gauge toy-train railway line
from kalka
to shimla
passes thru 103 tunnels
(only 102 are in actual use now).
the longest being 1.14km long.
--
the journey in this toy-train
is like travelling to heavens
while still alive!
--
over the clouds
under the clouds
over the bridges
under the bridges
into the tunnels
and out of them!
--
it is as much pleasure travelling in this train
as is there
in shooting it
with a powerful
camera
like a nikon d7000!
--
but obviously
you can't normally shoot it
inside the tunnel!
you've got to shoot it
only when it out of the tunnel!
(just like you can't take an aim at the market
inside the "overnight" tunnel!
you have to wait till it "comes out"
in the morning at the opening bell!)
--
to shoot the heavenly train
(with a camera)
you have to wait till it comes out of
one of the 103 tunnels!
even then
it is not easy to shoot it!
some times
it is behind mountains
while at other times
it gets hidden behind
cluster of deodars and pines.
at times
it vanishes in the folds of the valley!
--
you have to wait for
the suitable opportunity
to shoot
that great photo!
just like
you have to wait
for that correct opportunity
to shoot
that trade!
otherwise
while wasted photo in a digital slr
costs nothing more than a sigh,
a wasted trade in the market
costs something
even to professional
shooters!
Sabtu, 05 Februari 2011
SWOT
you must have heard about
the SWOT.
S=strengths
W=weaknesses
O=opportunities
T=threats
stock market
probably
is the only place
where
even the threats are opportunities!
and
trading weaknesses
are
the real threats
the SWOT.
S=strengths
W=weaknesses
O=opportunities
T=threats
stock market
probably
is the only place
where
even the threats are opportunities!
and
trading weaknesses
are
the real threats
Rabu, 26 Januari 2011
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
Sabtu, 22 Januari 2011
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!"
Minggu, 16 Januari 2011
say no!
how many times
has it happened with traders
that they entered a trade expecting a move
the move doesn't come
the trade goes the wrong way
the trader books the loss
only to see the market reverse
the way predicted by him
without him!?
this is a typical example of
a right trade at wrong time!
--
why does it happen?
because
"the obvious is obviously wrong"
in the market!
big pockets win only
when they catch u on the wrong foot!
so, what is the golden rule
to avoid entering a right trade at the wrong time?
= always say "no" to the opportunity
which looks like an opportunity!
it is a trap!!
always wait!!!
--
in the words of
Edward Chancellor
"the promise of outsize profits are followed by
the reality of painful losses.
you will make more money in the long run
by restraining your greed!"
and as Mark Twain had said
"I never spotted an opportunity
until it ceased to be one!"
has it happened with traders
that they entered a trade expecting a move
the move doesn't come
the trade goes the wrong way
the trader books the loss
only to see the market reverse
the way predicted by him
without him!?
this is a typical example of
a right trade at wrong time!
--
why does it happen?
because
"the obvious is obviously wrong"
in the market!
big pockets win only
when they catch u on the wrong foot!
so, what is the golden rule
to avoid entering a right trade at the wrong time?
= always say "no" to the opportunity
which looks like an opportunity!
it is a trap!!
always wait!!!
--
in the words of
Edward Chancellor
"the promise of outsize profits are followed by
the reality of painful losses.
you will make more money in the long run
by restraining your greed!"
and as Mark Twain had said
"I never spotted an opportunity
until it ceased to be one!"
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