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rssJesse Livermore's Trading Rules (circa 1940)
1. Nothing new ever occurs in the business of speculating in stock and commodities.
2. Money cannot be consistently made trading every day or every week during the year.
3. Don’t trust your own opinion or back your judgment until the action of the market itself confirms your opinion.
4. Markets are never wrong – opinions often are.
5. The real money made in speculating has been in commitments showing a profit right from the start.
6. As long as a stock is acting right, and the market is right, do not be in a hurry to take profits.
7. One should never permit speculative ventures to run into investments.
8. The money lost by speculation alone is small compared with the gigantic sums lost by so-called investors who have let their investments ride.
9. Never buy a stock because it has a big decline from its previous high.
10. Never sell a stock because it seems high-priced.
11. I become a buyer as a stock makes a new high on its movement after having had a normal reaction.
12. Never average losses.
13. The human side of every person is the greatest enemy of the average speculator.
14. Wishful thinking must be banished.
15. Big movements take time to develop.
16. It is not good to be too curious about all the reason behind price movements.
17. It is much easier to watch a few than many.
18. If you cannot make money out of the leading active issues, you are not going to make money out of the market as a whole.
19. The leaders of today may not be the leaders of two years from now.
20. Do not become completely bearish or bullish on the whole market because one stock in some particular group has plainly reversed its course from the general trend.
21. Few people ever make money on tips. Beware of inside information. If there was easy money lying around, no one would be forcing it into your pocket.
2. Money cannot be consistently made trading every day or every week during the year.
3. Don’t trust your own opinion or back your judgment until the action of the market itself confirms your opinion.
4. Markets are never wrong – opinions often are.
5. The real money made in speculating has been in commitments showing a profit right from the start.
6. As long as a stock is acting right, and the market is right, do not be in a hurry to take profits.
7. One should never permit speculative ventures to run into investments.
8. The money lost by speculation alone is small compared with the gigantic sums lost by so-called investors who have let their investments ride.
9. Never buy a stock because it has a big decline from its previous high.
10. Never sell a stock because it seems high-priced.
11. I become a buyer as a stock makes a new high on its movement after having had a normal reaction.
12. Never average losses.
13. The human side of every person is the greatest enemy of the average speculator.
14. Wishful thinking must be banished.
15. Big movements take time to develop.
16. It is not good to be too curious about all the reason behind price movements.
17. It is much easier to watch a few than many.
18. If you cannot make money out of the leading active issues, you are not going to make money out of the market as a whole.
19. The leaders of today may not be the leaders of two years from now.
20. Do not become completely bearish or bullish on the whole market because one stock in some particular group has plainly reversed its course from the general trend.
21. Few people ever make money on tips. Beware of inside information. If there was easy money lying around, no one would be forcing it into your pocket.
What beat me was not having brains enough to stick to my own game -Jesse Livermore
A little European Geography lesson
“Spain is not Greece.” Elena Salgado, Spanish Finance minister, February, 2010. “Portugal is not Greece.” The Economist, April 2010. “Greece is not Ireland.” George Papaconstantinou, Greek Finance minister, November, 2010. “Spain is neither Ireland nor Portugal.” Elena Salgado, Spanish Finance minister, November 2010. “Ireland is not in ‘Greek Territory.’”Irish Finance Minister Brian Lenihan. November 2010. “Neither Spain nor Portugal is Ireland.” Angel Gurria, Secretary-general OECD, November, 2010. “Spain is not Uganda” Spanish PM Rajoy. June, 2012. |
World’s Largest Companies: 2016 vs 2006
Discipline Is Number One
Creating a system and sticking with it is one of the hardest lessons. The struggle is shared across the trading world. An excerpt from “The Little Book of Trading”:
If you learn anything from this book, let it be the simple lesson: Stick with it. There will always be distractions: Breaking news banners, surprises, and unpredictable chaotic events are everywhere, but you can’t let yourself be fazed. Here is one big secret: Top traders don’t pay attention to that stuff. They have found, through hard work, diligent study, and perhaps a little luck— that their ability to stick with a trading plan is far more important than knowing or worrying about what their neighbor is doing.
Oldie, But Goodie & Still Spot On!
Must watch-Don’t miss it !!
Mera Bharat Mahan-Shiv Sena congratulates Saina Nehwal with Sania Mirza's picture
Naked Truth -About India ,Obama Must See ……
More hungry in India than in Sudan

While the report, released on Monday, shows that the proportion of undernourished in India is decreasing, the worsening ranking indicates that other developing countries have done better in tackling hunger. India is home to 42% of the underweight children under the age of five in the world.
The policymakers in India , who are are still fighting over the need to have an expansive National Food Security Act , should look at the following data more closely: in 2005-06 , about 44% of Indian children — below five years — were underweight, and nearly half — 48% — were stunted.
The food insecurity is so rampant across the country that India is clubbed with minor economies like Bangladesh, Timor-Leste and Yemen, recording the highest prevalence of underweight in children under five.
At the beginning of the liberalization era in the early 90s, 24% of the population was undernourished. The situation marginally improved to 22% between 2004 and 2006. Almost 60% of children below five were recorded as underweight in 1988-92. The condition has remained dismal as the latest figure shows 43.5% between 2003-08.
The GHI ranks countries on a scale of 100, with 0 being the best score (no hunger) and 100 the worst. It is composed of three equally weighted indicators: the proportion of undernourished in the population, the prevalence of those underweight in children under five and the under-five mortality rate.
The figures for India are 22% (as of 2004-6 ), 43.5% (2003-8 ) and 6.9% as of 2008, respectively. These give India a composite GHI of 24.1, which is classified as alarming in terms of the food security situation.
The strife-torn Democratic Republic of Congo ranks at the bottom of the list of 84 countries with significant levels of hunger. The data has been compiled for 122 countries in all; the remaining 38 countries have a GHI of less than 5 and are not included in the rankings. No data has been recorded for highly developed countries.
South Asia has the highest GHI for any region in the world, at 22.9. The region has, however, made greater progress since 1990 than sub-Saharan Africa, the report adds. India is ranked below all other major South Asian countries — Sri Lanka is ranked 39th, Pakistan 52nd and Nepal 56th.
India’s hunger is not purely a product of its middle-income status. While economic progress and hunger levels tend to be inversely correlated (countries with higher gross national income typically have lower GHI scores), some countries are exceptions to the norm. China has lower hunger levels than its GNI per capita would suggest, while India has higher hunger levels than would be expected from its income per capita, calculations made by the report’s authors show.
The 2010 report focuses on child malnutrition, which is the biggest component of hunger worldwide. In India, high 2010 GHI scores are driven by high levels of underweight children, resulting from the low nutritional and social status of women in the country, the report says.