The Holy Grail

The Holy Grail

  • The Holy Grail DOES NOT EXIST

    Votes: 85 49.1%
  • The Holy Grail EXISTS

    Votes: 15 8.7%
  • The Holy Grail EXISTS AND I KNOW IT

    Votes: 28 16.2%
  • The Holy Grail EXISTS AND I DON'T KNOW IT

    Votes: 15 8.7%
  • Don't care

    Votes: 30 17.3%

  • Total voters
    173

intellibitz

Well-Known Member
#32
The Power of Compounding

Capital: Rs.10,000.00

1 Rs. 20,000.00
2 Rs. 40,000.00
3 Rs. 80,000.00
4 Rs. 1,60,000.00
5 Rs. 3,20,000.00
6 Rs. 6,40,000.00
7 Rs. 12,80,000.00
8 Rs. 25,60,000.00
9 Rs. 51,20,000.00
10 Rs. 1,02,40,000.00

How long do we take to double our money?
 

intellibitz

Well-Known Member
#33
http://www.traderji.com/general-trading-investing-chat/62639-my-collection-useful-trading-materials-resources.html

Ultimately, the way to minimize risk is to be in the market the shortest amount of time. The longer you are in the market, the more exposure you have to "price shocks" or unexpected adverse moves. As the markets get noisier and noisier, there are more frequent reactions. If you don't take your profits when you have them the market will usually take them back.You must also learn to do your own thinking and have self-reliance. If you ever have to ask someone else's opinion on a trade, you shouldn't be in it.
 

intellibitz

Well-Known Member
#34
POP - Let me point some things out here. Many years ago when I first started to use computers and their speed was slow, I had so much to do that I had to get outside help. I had this one program which I could have written but it would have taken too long.

I didn't want to write it in assembly language because I needed to see every step work before I could use the program. I contacted newly established programmers and some not so new to help me.

It was sort of an experiment within itself. I narrowed my choice down to about four of five possible candidates. I asked each one of them to solve a problem for me and gave them access to a computer and a basic programming language. The question I asked first was what is the answer to every number from 1 to 100 added up.

Think about how you would solve that problem for a minute before you see the final conclusion to it. One programmer used the computer and came up with the correct answer. It took him all of three minutes plus. Of the candidates one put down his paper computer and said the answer is 5050 within ten seconds. I asked the individual who only took ten seconds how he came up with that answer.

His remark was "I don't see or do things the way everyone else does. I take and split the numbers into pairs such as 1 and 99, 2 and 98, 3 and 97 and when I am done I have 49 pairs which make 100 with two numbers of 100 and 50 left. If you multiply the 49 pair times 100 you get 4900 and then add the 100 and 50 you get 5050 as the answer. Well that made an impression on me I still keep.

Now I want you to understand about day trading the same way. WE DON'T ALL SEE OR DO THINGS THE SAME WAY! We are all after the correct answer. My answer is to keep you in the game for the longest possible time.

http://www.webtrading.com/phantom/preface.htm

Phantom of the Pits
by Art Simpson

Rule 1:
IN A LOSING GAME SUCH AS TRADING, WE SHALL START AGAINST THE MAJORITY AND ASSUME - WE ARE WRONG UNTIL PROVEN CORRECT! (We do not assume we are correct until proven wrong.) POSITIONS ESTABLISHED MUST BE REDUCED AND REMOVED UNTIL OR UNLESS THE MARKET PROVES THE POSITION CORRECT! (We allow the market to verify correct positions.)

Rule 2:
PRESS YOUR WINNERS CORRECTLY WITHOUT EXCEPTION.

Rule 3:
WE SHALL GO AGAINST THE MAJORITY AND ASSUME THAT THE MARKET IS NOT ALWAYS CORRECT (those times being when liquidity is poor.) AT THOSE TIMES WE SHALL QUESTION ALL SIGNALS AND WAIT FUTURE SIGNALS IN THOSE CASES FOR POSITIONING.

WE SHALL USE THE CONVERSE OF POOR LIQUIDITY AND REMOVE OUR EXISTING POSITIONS WHEN EXTREME LIQUIDITY TAKES PLACE IN TWO STEPS AND WITHIN 3 DAYS OF EXTREME HIGH VOLUME. HALF OF OUR POSITION SHALL BE REMOVED IMMEDIATELY THE FOLLOWING DAY AFTER AN EXTREME HIGH VOLUME DAY. THE OTHER HALF OF OUR EXISTING POSITIONS SHALL BE REMOVED WITHIN TWO ADDITIONAL DAYS. WE SHALL WAIT FURTHER SIGNALS IN THOSE CASES FOR FUTURE POSITIONING.
 

Subhadip

Well-Known Member
#35
The Power of Compounding

Capital: Rs.10,000.00

1 Rs. 20,000.00
2 Rs. 40,000.00
3 Rs. 80,000.00
4 Rs. 1,60,000.00
5 Rs. 3,20,000.00
6 Rs. 6,40,000.00
7 Rs. 12,80,000.00
8 Rs. 25,60,000.00
9 Rs. 51,20,000.00
10 Rs. 1,02,40,000.00

How long do we take to double our money?
simple :) 40 trades
:clapping:
 

intellibitz

Well-Known Member
#36
http://www.traderji.com/beginners-guide/55208-flow-success.html

"They call us gamblers. They say we depend on luck. They claim that no one can beat the market and we're wasting our time. This isn't a real job. We should give up our hobby they say. But if theу only knew... That we're the masters of risk, the essence of entrepreneurial spirit, the liquidity of the economy. We live by our wits. Eating what we hunt. Adapting to the ever changing jungle landscape; that is the markets. We trade the currencies you circulate when you shop.
We trade the companies you work for each day. We trade the gold on the watch on your wrist. While you wilt at the sight of failure and loss, we relish adversity. We are not afraid to take losses, to talk about our losses, to rebound from our losses. Those are our defining moments. Discipline and self awareness are our companions. We are what you've always wished you could be... And we're coming out of the shadows.We are traders"
 

intellibitz

Well-Known Member
#37
Nice quote by Linkon.

bias kills...! Funny thing with chart reading is, somehow, charts always agree to what the mind wants to believe..! the eyes see what it wants to see...!
Open your mind to see what is there for what it is, not what you want to see or believe.

Brains & Eyes.
 

intellibitz

Well-Known Member
#39
If you are making money, you are doing something right.
If you are losing money, you are doing something wrong.

Another gem quoted from sudoku.

The market is never wrong in what it does; it just is. Therefore, you as an individual trader interacting with the marketfirst as an observer to perceive opportunity, then as a participant executing a trade, contributing to the overall market behaviorhave to confront an environment where only you can be wrong
 

intellibitz

Well-Known Member
#40
Slow & Steady wins the race

The Tortoise and the Hare (also known as The Hare and the Tortoise) is a fable attributed to Aesop and is number 226 in the Perry Index. The story concerns a hare who ridicules a slow-moving tortoise and is challenged by him to a race. The hare soon leaves the tortoise behind and, confident of winning, decides to take a nap midway through the course. When he awakes, however, he finds that his competitor, crawling slowly but steadily, has arrived before him.

http://en.wikipedia.org/wiki/The_Tortoise_and_the_Hare
 

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