Discussion on Economy, Finance, Money, Investments etc

95% Trader And Investor MindSet Is

They Will Hold Position In Loss Till Stock Hit 0 But They Will Close Position In Profit When They Getting Small Profit….

Smart People Keep Trade Running Always….

marketdimer wrote:

bought some niftybees today (approx 25% of amount I can use in stock market). looking for 8-10% upside with risk of 2% downside. target 5900-6000.

objective of this thread is to share knowledge please share the reasoning as well as the strategy …. that way readers of the thread can benefit the most

thumsup wrote:

marketdimer wrote:

bought some niftybees today (approx 25% of amount I can use in stock market). looking for 8-10% upside with risk of 2% downside. target 5900-6000.

objective of this thread is to share knowledge please share the reasoning as well as the strategy …. that way readers of the thread can benefit the most

oh, mistook with other thread, sorry. will remember from next time. deleting post right away.

marketdimer wrote:

thumsup wrote:

marketdimer wrote:

bought some niftybees today (approx 25% of amount I can use in stock market). looking for 8-10% upside with risk of 2% downside. target 5900-6000.

objective of this thread is to share knowledge please share the reasoning as well as the strategy …. that way readers of the thread can benefit the most

oh, mistook with other thread, sorry. will remember from next time. deleting post right away.

no need to delete, we welcome contribution from experienced dimers such as you

what I meant to say was please give the reasons for the trade/investment as well … that way all readers can benefit by understanding the trade/investment as well as the reasons for the trade/investment and slowly pick up (learn) how to do this themselves so no dimer (myself included) will be dependent on CNBC (or any external opinion) and can analyze for themselves and confidently make their own trade/investment decisions

MD hame apne raaz nhi btana chahta…..

What r niftybees

sukant1989 wrote:

What r niftybees

Sukant it is the Nifty ETF, just like GLD is the gold ETF, QQQ are the Nasdaq ETF, Spyders are the S&P ETF ….. etc…

Because nifty is an index the nifybees are an index ETF, ETF’s have several advantages over the index future and are becoming increasingly popular.

rajdesidime wrote:

MD hame apne raaz nhi btana chahta…..

Mein to sab kuch bata deta hoon bhai, correct ho ya incorrect pura analysis with full reasons fundamental/ technical/ (i mention main points because of space constraints) ……. sab kuch

if it turns out right then people know what to use if it turns out wrong then people know what not to use.

Mera policy is the more we share the more we grow, Gandhi ka kehana that happiness is not about what you can get but about what you can give.

Recently been reading up on Arthur W Cutten commodity speculator from the 1920’s ……. here’s an interview he game to a reporter where he offered some advice which i find useful

“A reporter once asked me what were my most important attributes as a speculator. I replied, ’Nerve…it takes nerve to speculate in futures…and being stubborn, refusing to be satisfied with small profits. But it does not matter if they are paper profits when you lose them..when you lose you sweat blood. Confidence in yourself is something you must have if you are going to be a successful speculator.

To be able to stick in a risky position without shattering your nerves, you must have a continuing confidence in the judgment that caused you to take that position in the first place.’ I knew that I would never get rich by scalping the markets for small swings, so I was constantly striving to sense the broad swings of the markets and to understand the reasons for them.

The way to make money is to be slow in taking profits. Let your profits pile up as high as they would go. This is the way to reduce the odds against you - by consistently holding on when a market is running favorably for you.

My main strength was in my ability to take a position and stick with it.

I was never an in-and-out trader. (A friend said, ‘He got in at the beginning of a long bull market, and he stuck, and stuck, and stuck.’) I have overstayed markets at times, but this is not, for me, really a failing. Because most of my success has been due to my hanging on while my profits mounted. There is the big secret. Do with it what you will."

Arthur W. Cutten, the commodities trader from the 1920’s.

gutsy banda haii

rajdesidime wrote:

gutsy banda haii

hain woh to hai without guts zero chance of success … need to have full faith in your analysis

Unemployed with no prospects of employment?
Meet Takashi Kotegawa the exception to the rule:

====================

A while back Mr. Kotegawa was unemployed with no job so someone introduced him to trading that too daytrading
and he started with $20,000/- here’s how his account went

Year 2000: $20,000
End of year 2000: $ 36,300
End of 2001: $792,000
End of 2002: $1,250,000
End of 2003: $3,500,000
end of 2004: $15,000,000
end of 2005: $104,000,000
End of 2006: $204,000,000
End of 2007: $240,000,000
End of 2008: $283,000,000
After 2008—> not disclosed but believed to be well over 400 million

http://www.japanprobe.com/2008/05/20/takashi-ko...

which other profession can u earn so much with zero employees, zero debt/liabilities, no office and just one laptop

thumsup wrote:

which other profession can u earn so much with zero employees, zero debt/liabilities, no office and just one laptop

See You Got My Point Bhai…

Utsav wrote:

thumsup wrote:

which other profession can u earn so much with zero employees, zero debt/liabilities, no office and just one laptop

See You Got My Point Bhai…

I did?

I don’t remember yare ….. what point was that?

thumsup wrote:

I did?

I don’t remember yare ….. what point was that?

Lets Make A Long Story Short. " Business Is The Finest Way To Earn Money With Some Respect".

Utsav wrote:

thumsup wrote:

I did?

I don’t remember yare ….. what point was that?

Lets Make A Long Story Short. " Business Is The Finest Way To Earn Money With Some Respect".

Well dont know about the respect part but yes … however when you mention “this business” to people the first thing i hear them say is …. “oh risky hai, bahut risk hai, danger hai daring chahiyae, mushkil hai, tension hai, gambling hai etc etc” …. well that’s true but only if they’re not prepared to put in the work.

Also I find in life those who do not take risks end up working for those who do.

thumsup wrote:

Also I find in life those who do not take risks end up working for those who do.

Bhai Agar Paisa Kamana Hai toh Daring Toh Karni Padegi Na…

Now See Sreesanth Also Started His Towel Business In The Field And See His Daring And Get Inspired.

Utsav wrote:

Now See Sreesanth Also Started His Towel Business In The Field And See His Daring And Get Inspired.

haha good one

Mrs. Watanabe’s
____________

Who are the Mrs. Watanabe’s and what do they do?

It appears silver is setting up for a rally, looking at technicals next for an entry should get an entry hopefully by next week

thumsup wrote:


Also I find in life h2. those who do not take risks end up working for those who do.

Well said thumsup.

smartnsh wrote:

thumsup wrote:


Also I find in life h2. those who do not take risks end up working for those who do.

Well said thumsup.

thanks hope you found the thread of some use

Well Japan is down something like over 20% from what it was just a few weeks ago, they’re now artificially stimulating the economy as much as the US (I think around 75 billion a month in the form of purchases by the BOJ, and Japan is only about one third the size of the US economy!!

What are they going to do now …. print even more money?? So this really is unprecedented,as inflation goes up their bond yields have to as well which will drive the bond market down. Beside for years they got away because of two things

(1) trade surpluses but thats shrinking now

(2) The japanese are very loyal and most Japanese Govt bonds are held by the people of Japan, but thats changing too their savings levels have gone down with a declining population i think 24000 more deaths per month than births most people are retiring and younger ones aren’t entering the labor market as a result of which the amount of bond purchased will go down

Last ditch effort will be the BOJ will have to try to attract foreign buyers for their bonds in order to stay solvent but for this they will have to increase the coupon rates, if this spikes the bond market will decline.

So as I’ve said b4 I still maintain that japan might be the first in the next few years we see where there will be a sovereign default. No way out of it now …at one point in the 80’s they were the fastest growing economy and economist projected them to overtake the US economy by 2010? But look what happened ….. a great beginning gone horribly wrong

Yen trade still going strong I’ve placed a buy stop for my fourth position, dont know if it will get triggered or not and dont know how far it will go, but I’ll just keep riding if it goes my way if it abruptly reverses I’ll take my already considerable profit and get out.

Regarding the recent decline in the markets … reason was because of the comments by Fed chairman Bernake, talking about a possible early scale down to QE, and the market went beserk lol. Just a hint of him taking his hand off the printing press and the markets tank. Well he can’t … if anything he will have to increase QE. Right now he can correct his statment and get the market back on track which he will do, and I expect the market to recover but someday in the future and not to far away there’s nothing he will be able to say which will stop the markets from going to its true valuations and that’s down. Dow below 10000 and then 7000 over next 4-5 years

Don’t know when but as I said I strongly expect it to begin this year or at most latest by 2014. Rest all my prognostications remain same … gold up (first target $2500), bonds beginning their 30 year cylce going down, i also expect to see a rally in the soft commodities shortly.

wont be available for next two months as wont have regular net access so will be out of touch but will try to asses the situation when i get back but the way things are I dont expect any of my long term forecasts to change.

disclaimer: All of the above is my personal opinion.

well well well …. seems things not so rosy after all. Just few months ago all the papers were screaming bull run ahead, sensex 50k, real estate going up, gold bull run over etc etc, which stocks to buy …… Wonder what happened to all that.

Now already people are gloomy and things haven’t even gotten bad yet because USA is just begining its descent, what will happen when the real recession sets in? Good news is we are actually in better shape than the US economy in terms of debt, our RBI just doesn’t have the resources the US fed has, that’s why things are bad its because our central bankers can’t prop up our economy. When US begins its bear run what will happen then?

Well anyway brief update:

Agriculture: no change in my view still seems to be most promising sector of the economy in the future.

Finance: Already begun to go into decline and i expect it to be that way for atleast a decade (forget about MBA finance unless its from IIM – I’ve said this before) many MBA colleges shutting shop

Aud/Jpy trade: closed at 600% profit (at one point it was up 1000% but i did’nt have access to net so couldn’t move my stop up) not re-enterd but i will watch as i expect the yen to continue to strengthen if possible will look for another entry.

Copper: was then Rs389/- when i entered now its Rs473/- had gone up to Rs502/- I’m still in the trade if you bought with out leverage you’re up 21% with leverage like me you’re up over 100%

Gold: View remains unchanged as said before my first target is $2500, and this is just my first target. I’ve written about gold in many previous posts please read them if you want more details on my view. A word word caution here many believe gold correction is over but I don’t think it has do not buy gold on margin, because the correction is not over and you will be shaken out of the market when it declines again. Big picture …… imho big bull run for gold ahead

Soft commodities: no change still expecting an up move not sure if its a bull market but lets see

corn was then Rs1351/- today its Rs1389/- still not entered

wheat was then Rs1631/- today its Rs1552/- still not entered

sugar was then Rs3060 today its Rs 3104/- I entered initial position today only (will make separate post on this)

US treasury bonds: No change in my view i expect yields to go up over next 2 decades and bonds to decline, I have not yet entered short am still waiting for correct time big money to be made here (read my previous posts).

US Dollar: Was wrong on this one call got stopped out for a small loss, i was expecting it to decline but the Ruppee has declined more than it has Anyway i have no plans to go long the dollar because as per my analysis the Ruppee is in better shape than the USD fundamentally I will wait and attempt another short entry in future. I know the crowd is piling into the dollar but I have no plans to do so

US Economy: Well all I’ll say is I expect it to decline target for DJIA is 7000 in couple of years, lets wait and see what happens and I’m dead sure QE is not over, more to come

Upcoming trades I’m looking at:
-——————————————

Sugar : (entered long today only one position will add if it goes my way everything indicates its going into a multi year bull run)

Jpy : (As i said got out for 600% profit but expect it to appreciate further) will look for an entry

US bonds : As i aid looking for an opportune time to enter short

Gold : already in will add on next decline.

Coffee : still analysing but looks like a bull ove is setting up not sure yet though

disclaimer: All of the above is my personal opinion.

see you in a few months and good luck to all

Welcome back @thumsup Bro …….looks like you went into hibernation

pennychaser wrote:

Welcome back @thumsup Bro …….looks like you went into hibernation

see you in a few months and good luck to all

so u can expect him on some major development only

@B@R_0_0_D wrote:@

pennychaser wrote:

Welcome back @thumsup Bro …….looks like you went into hibernation

see you in a few months and good luck to all

so u can expect him on some major development only

pennychaser wrote:

Welcome back @thumsup Bro …….looks like you went into hibernation

nice to see you pennychaser bhai …. hibernation because these days i don’t have regular internet access, also no real new insights to add to the thread

thumsup wrote:

pennychaser wrote:

Welcome back @thumsup Bro …….looks like you went into hibernation

nice to see you pennychaser bhai …. hibernation because these days i don’t have regular internet access, also no real new insights to add to the thread