Wisdom Dump

uasish · #**121** 21st July 2007, 10:57 PM

Abhijit,
Will look forward to your post,little bit preoccupied till to-morrow evening,i actually want to know the logic behind.

Asish

CreditViolet · #**122** 21st July 2007, 10:59 PM

Wisdom of the week

The trend is most definitely not your friend, you must fight for every penny to save in trading even if you have a billion. Cost does matter, risk is everything cause they will take you out of the game even if you are making tons of money. - Mark Brown

kkseal · #**123** 22nd July 2007, 08:03 PM

Quote:

Originally Posted by CreditViolet

...

I am jst a minute away from being sad leaving the forum!

CV in that case please let us know beforehand what your new ID/s will be

Regards,
Kalyan.

Saint · #**124** 23rd July 2007, 11:07 AM

Quote:

Didn't know business was that easy. A Reliance, an Infosys became what they are today just on Money Mgmt eh? (No need for any kind of focus on the actual manufactucturing/Services? No need to adopt best practices? To improve quality? Increase margins? Benchmark to global standards? Make strategic decisons?)

What would you do if you were a mango seller? Just arrange & rearrange the notes & coins under your gunny bag or try to buy (mangoes) at the lowest & sell at the highest price you could catch? (while also striving to maintain an optimum stock under varying mkt conditions)

Regards,
Kalyan.

Quote:

Originally Posted by beginner_av

well kk, to reduce risks, the mango seller will buy optimal quantity of mangoes so that he wont be left with surplus to rot, buy at the lowest price for the given quantity and quality so that if there are no buyers at the selling price, his loss is lowest, and try to sell at the optimal price, slightly lower than the prevalent price or much higher (in an inefficient market depending on the inefficiency ) to clear his stock faster to avoid the risk of getting stuck with rotten mangoes. so a proper risk management plan incorporates everything. things that we usually dont consider, like innovation, quality etc, cos otherwise you face the greatest risk of extinction.
in trading also we usually confuse RM with MM and even worse stop loss.

Great pieces of wisdom for the Dump,Kalyan and BAV.........thanks as always!

Saint

ratan jain · #**125** 23rd July 2007, 12:11 PM

Arrey.....even if the mangoes dont sell, he can allways eat them

kkseal · #**126** 23rd July 2007, 07:01 PM

Arrey .... RJ is back! Saint has reopened his thread Karthik back in action. Good day for the forum.

Regards,
Kalyan.

CreditViolet · #**127** 23rd July 2007, 07:24 PM

Quote:

Originally Posted by kkseal

CV in that case please let us know beforehand what your new ID/s will be

Good Point, I will let you know

Niranjanam · #**128** 23rd July 2007, 08:10 PM

Quote:

Originally Posted by kkseal

CV in that case please let us know beforehand what your new ID/s will be

Regards,
Kalyan.

My Suggestion , " RedDebit"

CreditViolet · #**129** 23rd July 2007, 08:36 PM

Quote:

Originally Posted by Niranjanam

My Suggestion , " RedDebit"

Please elaborate

Niranjanam · #**130** 23rd July 2007, 08:53 PM

Quote:

Originally Posted by CreditViolet

Please elaborate

Just the opposite that is all.
Credit - Debit
Violet - Red (VIBGYOR) and jumble it.

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