Books & Magazines

Top 10 Trading Thoughts

Posted by : vam_aru

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Here is the top 10 trading thoughts from "How to Profit Using Pivot
Points, Candlesticks &
Other Indicators" By JOHN L. PERSON

==============
1. You only have three choices when you are in a bad position, and it is not
hard to figure out what to do: (1) Get out, (2) double up, or (3) spread it
off. I have always found getting out to be the best of all three choices.

2. No opinion on the market or you are doubtful about market direction?
Then stay out. Remember, when in doubt, stay out

3. Don’t ever let anyone know how big your wallet is, and don’t ever let
anyone know how small it is either.

4. If you snooze, you lose. Know your markets, when they trade, and what
reports will affect the market price.

5. The markets will always let you in on the losers; the market’s job is to
keep you out of winners. Dump the dogs and ride the winning tide.

6. Stops are not for sissies.

7. Plan your trade, then trade your plan. He who fails to plan, plans to fail.

8. Buy the rumor and sell the fact. Watch for volatility in these situations;it usually marks tops or bottoms in the markets.

9. Buy low, sell high. Or buy it when nobody wants it, and sell it when
everybody has to have it!

10. It’s okay to lose your shirt, just don’t lose your pants; that is where your wallet is.

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

Regards

Aru...

what money cant buy?

Posted by : gv

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Hi,
Here is how mankind tells money, quoting from the Book of Job: "Thus far shalt thou go, and no farther." Here are the ten things money can't buy.

1. Family and friends

The greenbacks won't bring you any closer to your family if you are far too busy earning them. Nor will they guarantee your family understands you at all. (Mummy's cooking is a sub-group in this 'things you can't buy anywhere' list.)

There are exceptions to this. You might just pay off irritating in-laws to stay out of your hair, or order a hit on them. But in the normal course...

With friends, it works the same way, only more so. If your wealth draws them, they aren't real. If they don't stay, or your life has no place for them, you are on your own. With real friends, you've almost got it made.

2. Home

Get married, start a family, have kids. Will they grow up into fine people? Have you got the hang of father/motherhood? Is your home really your castle, a cocoon of comfort? Or is it just a house with people in it? The card really stops here.

3. Happiness

Alright, cliched, but it gets truer as the years pass. There is always something missing whether you are on the beach at Algarve or adding the newest antique wood furniture to your collection. If you can't get at the root of it, everything you can get is merely a narcotic.

4. Peace

Here is the big one, ever since they started asking smart questions to beauty contestants. The small peace is inside your head and that is elusive enough to come by, for which you have antacids and Ketorol, which only push it away for another day. Also think world peace and other big matters. What if they nuke the city? Kidding.

5. Immortality

If you can make it for three decades on top of the Forbes list, that is a measure of fame. But to be truly immortal requires other things, other ways of striving. Ever wondered how some dirt-poor hardscrabble guys have instant recall value centuries afterwards? And literal immortality is yet several pages farther in human civilisation's sci-fi book. Best you can do is get a ticket on Sir Richard Branson's [Images] space taxi.

6. Respect

You can smirk at the poor ants down below on the street, but they will pull faces behind your back if you are the sort who is perpetually asking for it. Dignity is the most fragile of public possessions. And God help you if they know about the skeletons in your closet or that you were called Stinky as a kid. This is one asset you really need to work on all the time to earn...

7. Talent

Another cliched, misused, misunderstood word, like creativity, and maybe no one knows what it is anymore, but you are either born with it or not. No way you can get a bill of sale on this one. What you do with it is of course your business. History has been very frequently marked with astonishing examples of creativity outdoing... well, money and everything else. Possibly the best example is Lenoardo da Vinci and a certain portrait of a woman. He took 16 years to paint it, did not bother to name it, packed it with himself wherever he travelled in Europe, refused to sell it to kings and counts. It was ultimately sold by his assistant after he died. Someone down the line decided to call it the Mona Lisa [Images].

At the other end of the example is Vincent Van Gogh. All that talent and he sold just one painting of the nearly thousand he made, struggling with poverty all along. Didn't make a difference either way: in 1990, his Portrait of Dr Gachet went under the hammer for a current equivalent of $ 136.1 million, making it the fourth most expensive painting ever sold.

8. Health

Sure healthcare costs being the way they are, you need all the money you can lay your hands on when it comes to facing the bills and pills and the doctor scaring you with a dozen different possible diseases you have never heard about. But, viewed sanely, a good efficient treatment is not that much of a substitute for a good healthy life. Isn't it better not to need healthcare in the first place?

9. Love

It matters, that little empty feeling when you are sitting with a Sauvignon Blanc (for choice) on your balcony on a Saturday evening and twenty sober thoughts in your head, and no one to tell them to. That feeling of intense loneliness can neither be bought off, papered over or told to keep quiet and leave the room. Someone says, "Money can't buy love, but with all the other things it can, I'll give love a miss." Your call. You still have the Sauvignon Blanc...

10. Character

In case it matters. It is a sneaky creature, goes by other strange names like virtue and righteousness and at one time, if we remember reading correctly, a certain generation used to call it "true wealth". We don't really know whether it is around in these times but if you are looking to have it, it has to come from within. Or some such thing...

Meanwhile, enjoy what you have, but as John Buchan says, "Sit easy on your comforts."...

where is this stock heading

Posted by : Guest

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there has been no movement for this stock please advice wheter to leave or hang god please help me from these reeeeedddies....