Thought For A Day
Archives of “January 2019” month
rssIndia has more cell phones than toilets: UN report
Far more people in India have access to a mobile phone than to a toilet, according to a UN study on how to improve sanitation levels globally.
India’s mobile subscribers totalled 563.73 million at the last count, enough to serve nearly half of the country’s 1.2 billion population.
But just 366 million people — around a third of the population — had access to proper sanitation in 2008, said the study published by the United Nations University, a UN think-tank.
“It is a tragic irony to think in India, a country now wealthy enough that roughly half of the people own phones,” so many people “cannot afford the basic necessity and dignity of a toilet,” said UN University director Zafar Adeel.
Jesse livermore on-trading ( Naked Truth )
World's Richest Selfie: You're looking at a combined net worth of $145,000,000,000
Steve Jobs Refused Transplant of Tim Cook’s Liver
The latest biography of the legendary tech-guru, Becoming Steve Jobs: The Evolution Of a Reckless Upstart Into a Visionary Leader, covers the different key phases of Steve Jobs’ life. Written by Brent Schlender and Fast Company executive editor Rick Tetzeli, the book also offers insights into Jobs’ closest friendships, epitomized by a heart-warming anecdote about his relationship with successor, Tim Cook.
Excerpts released from the book revealed that Cook, upset by his mentor’s struggle with cancer, offered him part of his liver in 2009. Although Jobs was terminally ill from a rare pancreatic cancer, he vehemently rejected the offer.
“He cut me off at the legs, almost before the words were out of my mouth,” Cook recalled. “‘No,’ he said. ‘I’ll never let you do that. I’ll never let you do that.'”
The incident, according to Cook, was a true testament to Jobs’ selfless nature. (more…)
Thought For A Day
ARE YOU A GAMBLER?
1) The Gambler Trades Through Earnings Reports: If you are a trader (as opposed to an investor) and decide to hold a stock/option position through earnings you are gambling. Due to the very nature of earnings reports your position could gap down or up; therefore, you are choosing to take a big chance (e.g., gamble) on what that stock will do post earnings. Sure, you could get lucky and win big, but you could also lose big. Long term success in the stock market is not about luck, but about skill. There will always be another trade on another day. Think before you trade making sure the odds (i.e. the probabilities) are with you, not against you.
2) The Gambler Trades Without A Plan: If you make your trading decisions based on the morning news, on the latest BLUE CHANNELS story, on a new strategy not yet tested, or on a market that you have never traded, then you are gambling. The successful trader has an army of stocks to trade, the weapons suited for that army, and a time tested trading strategy in place before a position is considered. When everything is going according to plan then and only then will it be time to pull the trigger.
3) The Gambler Goes ALL IN and Risks Losing It All: If you trade ALL IN, believing your trading edge is 100% foolproof, then you are a gambler. There is no sure thing in the stock market. There are just too many variables and too many traders who can and will disagree with your perfect signal. The disciplined trader trades a small percentage of his account balance and believes in probabilities, not a sure thing, knowing that trading is not about being right but about making money.
It is best to leave gambling to the casinos where the house has the advantage. In trading, the trader who has the focus, patience, and discipline to follow a strategy will have the advantage over those who don’t every time. We trade the trader, not the market and when we make money it is usually when we trade against the gambling trader.
"The fool only understands risks *after* the harm is done
STOCK MARKET RULES: THERE ARE ONLY TWO!
The stock market has only two rules, both of which are vague and confusing. It is up to you to make them clear and simple to understand.
Here are the guidelines:
You must write these rules down so that you will not forget them.
You must always follow these rules.
These rules will never change.
You must keep them forever.
These rules are never to be broken.
You must never add to these rules.
Here are the rules:
KNOW WHEN AND WHY TO BUY.
KNOW WHEN AND WHY TO SELL.
Now, take these rules and develop your trading methodology around them. (more…)
The Easiest Daytrade To Make
Essentially there are 3 timeframes to trade when it comes to “daytrades”:
1) the open
2) the close
3) and everything else in between
As you know by now, #3 is really the toughest to trade. It is the lowest probability trade of the three types, and your stops frequently get hit. Frequently, even if we get the direction right it is not very profitable because we get whipsawed like crazy. However, this is where many trades can be made, so the scalps do add up to a good chunk if you know what you’re doing.
So those who had joined us and getting Intraday calls-ofcourse having upperhand and minting money. (more…)