Dear Honestrader and SanJosedesi and all other sceptics, critics and fans of SG
What you gonna read in the following lines will take only a few minutes to type. But, believe me, it took far, far longer thorugh the last night to decide whether I should say it or not.
Anyway, let me cut that first accusation to pieces - ShowoffGarde.
SG shows off, granted. Who wouldn't in his place? Because, logically, one needs to have something to show off. SG has plenty. Both in terms of money and his market wisdom. For latter, all you have to see his total output on this very thread of 350 odd pages. Leave aside his total contribution to TJ.
Second, if he is bullish always, he can afford to be so. If you can't, then there is no point telling he is wrong. Period.
We the ordinary traders can't peer through the totality of market structure the way he does. Time and again, he had been proved right in his convictions - though belatedly. Allow me to give you an example: a couple of months ago he called me to write 6200 Nifty June Put. I thought the guy had gone crazy. The nifty was below 5300, tithering at the brink of total collapse, and this guy was trying to be contrarian! So, I sent a message to a widely respected TJ member, an experienced trader and a good chartist, asking him of the prudence behind this act. He replied: That would be insane. There is no rationale behind such an act.
Now, please tell me, whom Nifty is proving insane at this moment?
Another thing, comparing SG with SmartTrade and other fine gentlemen members of TJ is fallacy. SmartTrade, pipscounter, Raunak - even Saint - are all highly knowledgable, seasoned traders, sincere and good men. But, bluntly speaking through my years of readings, travelling and observing life at close quarters, none of these mentioned gentlemen has what SG has. That is, the courage to throw caution and prudence to the winds and stand by one's conviction of thought, howsoever irrational it may look to ordinary mortals. A hallmark of people who make the mundane life interesting. Years from now, when all of us will have drifted away from here, looking back and thinking of TJ days, we would forget all other words by those good men, but not the purple words of SG. Despite his all shortcomings, SG is a class of its own - ironically, we all are in our own individual ways! Difference is, unlike most of us, he recognizes this fact and act on it with confidence.
I know many of you reading this would be sneering at me, thinking: look at this double-faced son of a bit*h, privately he belittles SG like a dirt, and publically he becomes a crusader to defend him!!!
Today I tell you honestly that I do that on purpose. I don't want most of us to follow SG - that includes me as well. Reason, most of us are not that gifted, or maybe, do not have that queer gentic makeup, to be among the kind of traders who get written about as market wizards. SG is. But our egos don't accept this fact, and we copy, and lose. SG's contribution to those losses is subtle: he thinks what he knows intuitively can be imparted on others as education by articulating it in words. Well, he is wrong. By listening to Mozart piano concerto one can get intrested in playing piano, even make it into professional player, but the fact will remain unchanged: No matter how long one practices, one can never be anywhere near the divine melodies that Mozart so effortlessly, while quite drunk, could write without bothering to question how and why.
Trying to find ratinale behind maverick traders like SG is like trying to paint the face of blowing wind. The canvass will remain blank, forever. This is the guy, my friends, who won't mind kicking his most near and dear ones out of his house without giving a damn, but would nurse an injured piegon for weeks. He is the guy who feeds hundreds of stray dogs everyday, spending lakhs every month. The dogs who in all rationality may be a menance to many, and should be put down according to the conventional wisdom. But try making SG look ugly in the eyes of those dogs by telling how SG disappears when the market falls or how irrational and arrogant he is. I can assure, you would be limping back home with your ankles bleeding, cloths torn and bites and scratches all over your face.
Finally, I only say this - though my proud blood shudders at the thought. If I am ever left with just a few thousands after long streak of losing at trading, I will swollow my pride, fly down to Mumbai, put those bucks on his table and say, "SG I want these converted into a million. Tell me how." And you know what would he say? "Acchhaa, theek hai, ho jaayega. Baith idhar mere paas, aur dekh mujhe trade karte tere ledger ko."
And everything will be all right in no time.
PS: Please do not quote this message. This thread is meant for SG's Pivot points, not for filling pages with the unrelated discussions. And also, I would request the TJ and the mods to remove HonestTrader Avatar pic immediately. This is our National Emblem. Using it any other purpose except governmental is severely punishable by law.
Goodbye All
What you gonna read in the following lines will take only a few minutes to type. But, believe me, it took far, far longer thorugh the last night to decide whether I should say it or not.
Anyway, let me cut that first accusation to pieces - ShowoffGarde.
SG shows off, granted. Who wouldn't in his place? Because, logically, one needs to have something to show off. SG has plenty. Both in terms of money and his market wisdom. For latter, all you have to see his total output on this very thread of 350 odd pages. Leave aside his total contribution to TJ.
Second, if he is bullish always, he can afford to be so. If you can't, then there is no point telling he is wrong. Period.
We the ordinary traders can't peer through the totality of market structure the way he does. Time and again, he had been proved right in his convictions - though belatedly. Allow me to give you an example: a couple of months ago he called me to write 6200 Nifty June Put. I thought the guy had gone crazy. The nifty was below 5300, tithering at the brink of total collapse, and this guy was trying to be contrarian! So, I sent a message to a widely respected TJ member, an experienced trader and a good chartist, asking him of the prudence behind this act. He replied: That would be insane. There is no rationale behind such an act.
Now, please tell me, whom Nifty is proving insane at this moment?
Another thing, comparing SG with SmartTrade and other fine gentlemen members of TJ is fallacy. SmartTrade, pipscounter, Raunak - even Saint - are all highly knowledgable, seasoned traders, sincere and good men. But, bluntly speaking through my years of readings, travelling and observing life at close quarters, none of these mentioned gentlemen has what SG has. That is, the courage to throw caution and prudence to the winds and stand by one's conviction of thought, howsoever irrational it may look to ordinary mortals. A hallmark of people who make the mundane life interesting. Years from now, when all of us will have drifted away from here, looking back and thinking of TJ days, we would forget all other words by those good men, but not the purple words of SG. Despite his all shortcomings, SG is a class of its own - ironically, we all are in our own individual ways! Difference is, unlike most of us, he recognizes this fact and act on it with confidence.
I know many of you reading this would be sneering at me, thinking: look at this double-faced son of a bit*h, privately he belittles SG like a dirt, and publically he becomes a crusader to defend him!!!
Today I tell you honestly that I do that on purpose. I don't want most of us to follow SG - that includes me as well. Reason, most of us are not that gifted, or maybe, do not have that queer gentic makeup, to be among the kind of traders who get written about as market wizards. SG is. But our egos don't accept this fact, and we copy, and lose. SG's contribution to those losses is subtle: he thinks what he knows intuitively can be imparted on others as education by articulating it in words. Well, he is wrong. By listening to Mozart piano concerto one can get intrested in playing piano, even make it into professional player, but the fact will remain unchanged: No matter how long one practices, one can never be anywhere near the divine melodies that Mozart so effortlessly, while quite drunk, could write without bothering to question how and why.
Trying to find ratinale behind maverick traders like SG is like trying to paint the face of blowing wind. The canvass will remain blank, forever. This is the guy, my friends, who won't mind kicking his most near and dear ones out of his house without giving a damn, but would nurse an injured piegon for weeks. He is the guy who feeds hundreds of stray dogs everyday, spending lakhs every month. The dogs who in all rationality may be a menance to many, and should be put down according to the conventional wisdom. But try making SG look ugly in the eyes of those dogs by telling how SG disappears when the market falls or how irrational and arrogant he is. I can assure, you would be limping back home with your ankles bleeding, cloths torn and bites and scratches all over your face.
Finally, I only say this - though my proud blood shudders at the thought. If I am ever left with just a few thousands after long streak of losing at trading, I will swollow my pride, fly down to Mumbai, put those bucks on his table and say, "SG I want these converted into a million. Tell me how." And you know what would he say? "Acchhaa, theek hai, ho jaayega. Baith idhar mere paas, aur dekh mujhe trade karte tere ledger ko."
And everything will be all right in no time.
PS: Please do not quote this message. This thread is meant for SG's Pivot points, not for filling pages with the unrelated discussions. And also, I would request the TJ and the mods to remove HonestTrader Avatar pic immediately. This is our National Emblem. Using it any other purpose except governmental is severely punishable by law.
Goodbye All
