few nuggets i read today (i loved the last one) :
1.The most difficult task in speculation is not prediction but self-control. Successful trading is difficult and frustrating. You are the most important element in the equation for success.
2.The key to successful trading is knowing yourself and your stress point.
3.The difference between winners and losers isn’t so much native ability as it is discipline exercised in avoiding mistakes.
4.Of all speculative blunders, there are few greater than selling what shows a profit and keeping what shows a loss.
5.Standing aside is a position.
6. Lose your opinion – not your money.
7. When the ship starts to sink, don’t pray – jump!
Wednesday, January 6, 2010
Monday, December 28, 2009
ending
when someting beautiful ends , we are all pained , unable to detach ourselves and be the 'observer' as wise people have said.
a lot of times ,whenever in a close relationship ,we fail to answer honestly : is this a relationship of convenience, because of inertia , because of fear of change, because of money, power, looks that the other has or simply because of proximity?
a lot of times ,whenever in a close relationship ,we fail to answer honestly : is this a relationship of convenience, because of inertia , because of fear of change, because of money, power, looks that the other has or simply because of proximity?
one of my favourite quotes
The only defeat is the acceptance of DEFEAT.There is no failure except in no longer TRYING.
There is no defeat except from within , no insurrmountable barrier except our own inherent weakness of purpose.
-- Elbert Hurbard
There is no defeat except from within , no insurrmountable barrier except our own inherent weakness of purpose.
-- Elbert Hurbard
Monday, December 21, 2009
new read
read 'logical trader' by fisher.
a very good book.
i ll be wriitng about his concepts and what i found usefula and practical
a very good book.
i ll be wriitng about his concepts and what i found usefula and practical
Tuesday, December 15, 2009
turning points and physics
physicists believe that at turning points say creation/annihilation /big bang etc. the standard set of rules breakdown. similarly when the market experiences such a breakdown of rules and limits and capitulates, it marks a turning point.thats what we had in spx at 667 and a lot of other markets.a breakdown of rules and limits .
this implies that those levels will not be seen again in forseeable future.thats why i say that spx has a floor at 750 .
this implies that those levels will not be seen again in forseeable future.thats why i say that spx has a floor at 750 .
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