The heartbreak of regret is always 100x bigger than the pain of trying and failing
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The markets do not know you!
You do not exist to them in any other form than as the other side of a transaction.
They do not care if it is your last cent, and your kids will not have milk, and on, and on.
Markets need losers so they can make money in this zero-minus-sum game.
But please … do remember that taking an acceptable risk reward ratio position and being wrong is not losing!
Whether you win or lose, you should always strive to remain at a comfortable emotional state. Building a
proper plan is enormously helpful in getting you to do just that.
Many people know what to do; yet very few are able to do what they know! It is the rules that force one
to take the proper actions.
Losers often think that the rules are made for others. Think that they are not for you?
Think again!
Fight the rules and you will have a very short career!
The stock markets can be a great place to turn your savings into wealth.
On the other hand, if you do not keep the fundamental investment rules and do not follow certain
simple stock investing basics, you can lose your shirt.
Anirudh sethi says that IF: (more…)
Make Your Strategy Before Market Opens…..Do Homework and Mint Money
Spend adequate time acquiring knowledge and preparing for any important endeavor
Disciplined -Emotional Traders,Who are U ?
Thought For A Day
James Simons – Mathematics, Common Sense, and Good Luck -Video
The only way to avoid criticism
90% of the global population will have a supercomputer in their pocket by 2023.
Young-Adult -Old
Respect the Pattern
Our view is that we need to respect the spirit of any pattern and not worry too much about the letter of the law, so to speak. Opens and closes on doji candles need not be exactly the same. Island gaps reversals (abandoned babies) need not have actual gaps. Why? Because 24-hour trading, decimalization, derivatives, etc… have changed the landscape and what constitutes an open and a close is now a very fuzzy proposition.
The financial markets are radically different than they were last century, last decade and even last year. The spirit of the tools still works because humans do the same old dumb (and occasionally) smart things over and over. It is the actual rules of the analysis that are questionable so keep it simple and you should be fine.