Archives of “January 2019” month

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How Much Should We Trust

  
Education, Life
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Just see with your naked eyes :
-Both leading Pink papers of INDIA.
-Just click first image and see the report.
-Now read 2nd image and just see time 2102 hrs
I dont want to write anything else ,Whom should we trust ?Iam saying and writing from last several years …Don’t trust Blue channels and pink papers.
If u have time then just comment !!
PARAMOUNT
goair

The Day U will Understand This…..It will be U Turn in TRADER'S Life

  
  Education

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Essentials of a Winning Psychology

  
  Education

winner2Four fears that block a winning psychology:

  1. Fear of Loss
  2. Fear of being wrong
  3. Fear of missing out
  4. Fear of leaving money on the table.

Realize that trading is based on probabilities, as such, every trade is unique.

In other words, the past does not equal the future.


Probability thinking manifest other states and beliefs:
  • Because we know that we will succeed in the long run and because we know we will protect ourselves no matter what the market does, we acquire the state of “self trust” and the state of being “carefree”.

In turn these states allow us to remain….

  • Focused, confident and carefree when we are experiencing the inevitable prolonged drawdown.
  • Because at the micro level we know that the market is random, we will not allow euphoria to set in and lead us to reckless trades. Each trade will only be one in a series of probabilities.
  • We will view market information not as a source of pleasure or pain but merely as data providing us with opportunities. (more…)

Six Myths of Russian Vodka Put to the Test

  
Education, Life
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Russian vodka has garnered a legendary status around the world, developing its own mythology and attracting countless urban legends. Here are six of the most popular myths related to the drink.

 Myth 1: Russian vodka was invented by Dmitry Mendeleev, creator of the periodic table

Wrong. Dmitry Mendeleev is often credited with standardizing vodka’s 40% strength, based on his PHD paper “A Discourse on the Combination of Alcohol and Water.” However, Ethanol, on which vodka is based, was originally synthesized by Arabian scholars in the 11th century. They, however, only used it for medicinal purposes due to their religious beliefs. The original vodka, known back than as ‘aqua vitae’ (“water of life”) was brought to Russia in the 14th century, and presented to the Muscovite Prince Dmitry Donskoy in 1386 by an envoy from Genoa.

Myth 2: Vodka is the least harmful of all alcoholic spirits

Wrong. Drinks based on rectified alcohol (such as ethanol) are much more addictive and toxic than distilled alcoholic beverages such as whisky.

Myth 3: Vodka is purified with milk

Wrong. While a popular sales pitch, it is completely off the mark. Ethanol is already pure to begin with and needs no further purification, and methanol can only be purified by using coal.

Myth 4: Vodka can be used as a cold cure (more…)

MARKET WIZARD DAVID RYAN- 3 Quotes

  
  Education

William O’Neil was Ryan’s idol. After graduating college in 1982, he decided to try to get a job at O’Neil’s Company. He told the receptionist of his interest in O’Neil’s work and his willingness to accept any job, no matter how menial, just to get his foot in the door. He was even willing to work for free. Ryan was hired, and within four years, his investment success led to his appointment as the youngest vice-president of the company, with responsibilities as a portfolio manager and as O’Neil’s direct assistant in stock selection or institutional clients” – Jack Schwager

That excerpt from Market Wizards is a long, drawn out way to say that David Ryan is living my dream. He did it. While some people might get jealous reading about someone else doing something that they would love to do, I found myself inspired. David Ryan is proof that it is possible to study O’Neil’s work, learn from it, apply it, and make a career out of it. It can be done.

As I read through this interview, I found myself highlighting almost everything Ryan said. Much like O’Neil, it seemed as though there was intense knowledge oozing from every word he spoke. There were three key points that really stood out to me:

1. “All those books are good, but you learn the most from the market itself.” – David Ryan (more…)

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