Archives of “Lunch” tag

rss

Funniest Stock Broker Quotes

  
Education, Humour
#  #  #  #  #  #  #  #  #  #  #
“Even though your friend likes the stock thinking people will always need underwear, we have a Sell on the stock, it’s still very, very discretionary spending.”
 
Broker on the phone to a client.
 
 
“Should I ask my girlfriend to live with me?”
 
 “Not if you want to make her happy.”
 
 Floor conversation.
 
 
“I decided to bring my lunch in, instead of buy it. Times are tough.”
 
 “What have you got?”
 
 “Lobster.”
 
Floor conversation.
 
 
“This market is worse than divorce. I’ve lost half my wealth, but I still have my wife.”
 
 Broker on the phone to a client.
 
 
 “The guy says…I need you to…and then he stops because he has to think and talk at the same time.”
Floor conversation. 
 “I’ll do it mate, you can pay me money to do it, but you’re not going to make any money out of it” (more…)

SAVE YOURSELF!!

  
  Education
#  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #

Many of us will sit at our screens, cursing, praying, begging, but the best thing to do is to save yourself, by cutting bad trades quickly. DON’T DEPEND ON THE MERCY OF THE BANKS TO DO IT!!!!!! THEY ARE OUT TO EAT YOUR LUNCH ALWAYS ! THEY ARE YOUR ENEMY, AND THEY ARE RUTHLESS WITHOUT MERCY!!!!!

#1. DON’T LEAVE OPEN POSITIONS! Trade what You can see. When You are not in the market take your money out with You. That way You can save on all of those foul words to Your broker when he tries to explain the price slippage that caused price to go beyond Your stop loss.

#2. If You must leave trades opened, put in a physical stop losses..

#GRANDDADDY OF THEM ALL!!!!!!!!!

NEVER LET LOSSES RUN !!!!!!

NEVER LET LOSSES RUN !!!!!!

NEVER LET LOSSES RUN !!!!!!

CUT THE LEGS FROM UNDER THAT BEAST AS SOON AS POSSIBLE!!!!!!!!!!

Two things are essential if You are going to enjoy a very successful and lucrative trading career.

#1 Wait for a proper trade set-up

#2 Learn to save yourself. CUT BAD TRADES QUICKLY!!!!!! So what if it comes back in your favor, many times it will, but it only takes one good shakeout to leave your lifestyle in jeopardy.

Cut bad trades to leave the most capital possible for a more profitable trade set-up. THE MARKET IS VERY VERY GENEROUS, IT WILL ALWAYS GIVE YOU ANOTHER OPPORTUNITY TO MAKE SOME PAPER, BUT YOU HAVE TO CUT YOUR LOSSES QUICKLY SO THAT YOU HAVE THE MAXIMUM CAPITAL TO TAKE ADVANTAGE OF THE RIGHT OPPORTUNITY WHEN IT PRESENTS ITSELF!!!

The market is swim, float or sink. Don’t let them sink You. SAVE YOURSELF!

10 Common Trading Errors

  
  Education
#  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #

What are the common errors, the improprieties, the lack of attention to proper mores, the p’s and q of trading that cause so much havoc and could be rectified with a proper formal approach? Here are a few that cost one fortunes over time.10-Common Errors

1. Placing a limit order in and then leaving the screen and not canceling the limit when you wouldn’t want it to be filled later or some news might come out and get you elected when the real prices is a fortune worse for you

2. Not getting up or being in front of screen at the time when you’re supposed to trade.

3. Taking a phone call from an agitating personage, be it romantic or the service or whatever that gets you so discombobulated that you go on tilt.

4. Talking to people during the trading day when you need to watch the ticks to put your order in.

5. Not having in front of you what the market did on the corresponding day of the week or month or hour so that you’re trading for a repeat of some hopeful exuberant event which never happens twice when you want it to happen.

6. Any thoughts or actual romance during the trading day. It will make you too enervated or too ready to pull the trigger depending on what the outcome was.

7. Leaving for lunch during the day or having a heavy lunch.

8. Kibbitsing from people in the office who have noticed something that should be brought to your attention.

9. Trying to get even when you have a loss by increasing your size and risk.

10. Not having adequate capital to meet any margin calls that mite occur during the day, thereby allowing your broker to close out your position at a stop while he takes the opposite side. What others do you come up with?

10 Habits of Successful Traders

  
  Education
#  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #

1.  Follow the Rule of Three.  The rule of three simply states that a trade will not be made unless you can carefully articulate three reasons for doing so.  This eliminates trading from an indicator alone.

2.  Keep Losses Small.  It is vitally important to keep losses small as most all of large losses began as small ones, and large losses can put an end to your trading career.

3.  Adjust Stops.  When a trade is working move your stop loss up in order to lock in gains.

4.  Keep Commissions Low.  There is a cost to trading but there is no reason to overpay brokerage fees.  A discount brokerage is just as good as a premium brand name one.

5.  Amateurs at the Open, Pros at the Close.  The best time to enter trades are after lunch when the professionals are looking to get in at a better price than one provided in the morning.

6.  Know the General Market Trend.  When trading individual stocks make sure you trade with the general market trend or condition, not against it. 

7.  Write Down Every Trade.  Doing this will allow you to learn what is working and what is not.  It will also help you determine what types of trades work best for your personality.

8.  Never Average Down a Losing Position.  It is a loser’s game when you add to a loser.  You add to winning positions because they are winners and are proving themselves to be such.

9.  Never Overtrade.  Overtrading is a direct result of not following a well thought out plan, deciding it is best to trade off emotion instead.  This will do nothing but cause frustration and a loss of money.

10.  Give 10 Percent Away.  Money works the fastest when it is divided.  When we share we prime the economic pump of the universe. 

Trading is a game of rules.  We either make the decision to abide by them or we break them.  We do the latter at our own peril. 

Have Lunch with Warren Buffett for $25,000

  
Analysis, Economy, Education, Life
#  #  #  #  #  #  #  #  #  #  #  #  #

An eBay auction is currently running this week, which is offering the winning bidder lunch with famed billionaire and investor Warren Buffett, one of the top three wealthiest people in the world.

All proceeds of the auction will be donated to the Glide Foundation in San Francisco, which provides help for the homeless and poor.

The current bid on the auction is $25,000, and if no one else bids, it wall be a bargain, as last year, the Canadian firm Salida Capital Corp. paid $1,680,300 for the lunch, and two yours ago, Zhao Danyang paid $2,110,100. The auction ends Jun 11, 2010 at 7:30 pm PDT or 10:30 Eastern time.

11 Trading Errors

  
  Education
#  #  #  #  #  #  #  #  #  #  #  #

1. Placing a limit order in and then leaving the screen and not canceling the limit when you wouldn’t want it to be filled later or some news might come out and get you elected when the real prices is a fortune worse for you

2. Not getting up or being in front of screen at the time when you’re supposed to trade.

3. Taking a phone call from an agitating personage, be it romantic or the service or whatever that gets you so discombobulated that you go on tilt.

4. Talking to people during the trading day when you need to watch the ticks to put your order in.

5. Not having in front of you what the market did on the corresponding day of the week or month or hour so that you’re trading for a repeat of some hopeful exuberant event which never happens twice when you want it to happen.

6. Any thoughts or actual romance during the trading day. It will make you too enervated or too ready to pull the trigger depending on what the outcome was.

7. Leaving for lunch during the day or having a heavy lunch.

8. Kibbitsing from people in the office who have noticed something that should be brought to your attention.

9. Any procedures that violate the rules of the British Navy where only a 6 inch plank separated you from disaster like in our field.

10. Trying to get even when you have a loss by increasing your size and risk.

11. Not having adequate capital to meet any margin calls that mite occur during the day, thereby allowing your broker to close out your position at a stop while he takes the opposite side. What others do you come up with?

How Indian investors get a lifetime of free meals

  
  Education
#  #  #  #  #  #  #  #  #  #

In one of the AGMs that I attended, there was an impatient “investor” sitting next to me.FREE LUNCH

He confided to me that he was waiting for this AGM to get over so that he could have his lunch and then he could attend two more AGMs !

I remarked that he must be having lots of shares to attend so many AGMs. He replied in Hindi “Nahi, Nahi.Sab mein 5-10 shares hai .”

Looking at my puzzled expression, he explained” You buy 5-10 shares of a company.In a AGM, they normally have a meal (lunch or snacks). If the venue is nearby, you attend the AGM.By attending two/three AGMs, you recover the cost of your shares.Sometimes the management gives gifts also.Plus, you get dividends and a lifetime access to free meals !”

If Ben Graham heard this approach to value investing, he would probably turn in his grave ! 

Tip from a billionaire: going to the bathroom wastes too much time

  
  Education
#  #  #  #  #  #  #

Michael Bloomberg has handed out some tips on his formula for success:

  • You make your own luck
  • The harder you work, the luckier you get
  • Try to be the first one in in the morning and the last one to leave at night
  • Take the fewest vacations
  • Take the least time away from the desk to go to the bathroom or have lunch

DAVID TEPPER: If You Invested $1 Million In My Hedge Fund In 1993 You Would Have $149 Million Today

  
Analysis, Education
#  #  #  #  #  #  #  #  #  #  #  #  #  #

David Tepper, who has been running distressed debt hedge fund Appaloosa Management for the past twenty years, is crushing it this year. 

 Meanwhile, the S&P is up about 19.7% this year. 

Tepper was up 5.5% in July net of fees. 

He’s still bullish on stocks.

He told Wapner that he finds them “reasonable” and that he’s still long.   (more…)

To Make HUGE Profits, You Have To Think SMALL

  
  Education
#  #  #  #  #  #  #  #

Profit abstractThe more i trade, the more i realize that trading with big size is just stupid. Sure, you  will have your occasional huge win. Sure, there are a rare times when trading with size is good to capitalize on ‘easy’ trading setups but i believe that 95% of the time trading with size will surely lead to over trading, micro managing, flinching at the smallest wiggles, lead to emotional decision making, stressful trading and burnout.Trade small positions and you will see how you will think more clearly, you will stay objective, you will stay calm under pressure, you will trade less and ride out bigger
trends for more ‘profits’. Small positions will not bank you the thrilling homerun but they will accumulate into your account at the end of the month/year. Large positions will give you a homerun from time to time and they will eat your lunch from time to time too and at the of the day, you are left wondering ‘what happened’??So, trade small positions and stay unemotional!

Go to top