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why don't people learn? (Page 2)

monar IF-Sizzlerz
monar
monar

Joined: 09 March 2010
Posts: 10715

Posted: 14 May 2011 at 6:15am | IP Logged
Originally posted by osama-bin-joe

Originally posted by monar

interesting topic.. will comeback later for more.. for now just want to quote Bernard Barunch

"The Main purpose of stock market is to make fools of as many men as possible"



which is good, if many men made money, the profits would be less. it's like asking for "equal power for all".


that's what market is, loss of many, is profit of some or just one., In recent crunch the big giant crumbled, and no one could do anything. That said, people who lose money in market are the ones who are into market cause they think its some "magical" place to double their money, without knowing how things work and without doing proper research. They go with the flow, typical herd mentality and hence its not difficult for people like madoff or mehta to make fool of them. 

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mr.ass

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Posts: 9469

Posted: 14 May 2011 at 9:27am | IP Logged
Originally posted by monar

Originally posted by osama-bin-joe

Originally posted by monar

interesting topic.. will comeback later for more.. for now just want to quote Bernard Barunch

"The Main purpose of stock market is to make fools of as many men as possible"



which is good, if many men made money, the profits would be less. it's like asking for "equal power for all".


that's what market is, loss of many, is profit of some or just one., In recent crunch the big giant crumbled, and no one could do anything. That said, people who lose money in market are the ones who are into market cause they think its some "magical" place to double their money, without knowing how things work and without doing proper research. They go with the flow, typical herd mentality and hence its not difficult for people like madoff or mehta to make fool of them. 


LOL, the market is not really the fundamentals, but the level of optimism based on the fundamentals. yep, I've been able to lose less than .5% of my capital(abt 24 - 28K) and then avoid the market while the market lost 7 -8%. Damn I'm good Tongue the market moves , so momentum is a good way to buy and sell I guess.

markets move in cycles. mehta was a giant fool himself, assuming a bull run would continue forever, nowadays bull runs don't go past 2 -3 years. in a developing economy like India's, the bear market might last a lot less, as the optimism doesn't really get smashed. Already after a decline the market looks like it's basing(we don't know if it'll break above or break down, though)

madoff got away with it though. Still worth millions. Shocked

nowadays technicians are pretty vunerable. Those damn stock operators keep playin it cheap with their damn false signals. I avoided ITC when it broke out at 193, and yep, as I had guessed, it fell back down. LOL but then again, it's our fault, as false signals only happen in the direction opposite to the main trend.
monar IF-Sizzlerz
monar
monar

Joined: 09 March 2010
Posts: 10715

Posted: 14 May 2011 at 8:28pm | IP Logged
Originally posted by osama-bin-joe


LOL, the market is not really the fundamentals, but the level of optimism based on the fundamentals. yep, I've been able to lose less than .5% of my capital(abt 24 - 28K) and then avoid the market while the market lost 7 -8%. Damn I'm good Tongue the market moves , so momentum is a good way to buy and sell I guess.

markets move in cycles. mehta was a giant fool himself, assuming a bull run would continue forever, nowadays bull runs don't go past 2 -3 years. in a developing economy like India's, the bear market might last a lot less, as the optimism doesn't really get smashed. Already after a decline the market looks like it's basing(we don't know if it'll break above or break down, though)

madoff got away with it though. Still worth millions. Shocked

nowadays technicians are pretty vunerable. Those damn stock operators keep playin it cheap with their damn false signals. I avoided ITC when it broke out at 193, and yep, as I had guessed, it fell back down. LOL but then again, it's our fault, as false signals only happen in the direction opposite to the main trend.


Market indeed is all about - to suppress your optimism when its bullish and how to control your pessimism when it bearish. Mehta went wrong on optimism side. ah! no matter how ready u r for bearish market u end up loosing money Ouch
decline in market impacts economies, specially in the service based industry like india. (not that manufacturing based remains unaffected). People already started anticipating the worse looking at continuous dripping market for two weeks.  I personally feel its too early to anticipate anything, but then I am still new to the whole game and field .. still Learning man! more I learn about market more I laugh!  Latest rajarathnam case was even hilarious how this guy made money.

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Posted: 14 May 2011 at 9:58pm | IP Logged
<edit from earlier post!>

There has to be some humor to all this ... cause people never cease to learn!

A stock analyst and a Wall Street broker went to the races. The broker suggested to bet $10,000 on a horse. The analyst was sceptical, saying that he wanted first to understand the rules, to look on horses, etc. The broker whispered that he knew a secret algorithm for the success, but he could not convince the analyst.

"You are too theoretical," he said and bet on a horse. Surely, that horse came first bringing him a lot of money. Triumphantly, he exclaimed: "I told you, I knew the secret!"
"What is your secret?" the analyst asked.
"It is rather easy. I have two kids, three and five year old. I sum up their ages and I bet on number nine."
"But, three and five is eight," the analyst protested.
"I told you, you are too theoretical!" the broker replied, "Haven't I just shown experimentally that my calculation is correct?!"

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mr.assmonar

monar IF-Sizzlerz
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Posts: 10715

Posted: 14 May 2011 at 10:04pm | IP Logged
Originally posted by night13

<edit from earlier post!>

There has to be some humor to all this ... cause people never cease to learn!

A stock analyst and a Wall Street broker went to the races. The broker suggested to bet $10,000 on a horse. The analyst was sceptical, saying that he wanted first to understand the rules, to look on horses, etc. The broker whispered that he knew a secret algorithm for the success, but he could not convince the analyst.

"You are too theoretical," he said and bet on a horse. Surely, that horse came first bringing him a lot of money. Triumphantly, he exclaimed: "I told you, I knew the secret!"
"What is your secret?" the analyst asked.
"It is rather easy. I have two kids, three and five year old. I sum up their ages and I bet on number nine."
"But, three and five is eight," the analyst protested.
"I told you, you are too theoretical!" the broker replied, "Haven't I just shown experimentally that my calculation is correct?!"


hilarious ROFL

broker and Analysts are as different as Engineers and Researchers .. I am an Engineer who is trying to understand finance so at the end I seem to be going brokers way


couldn't stop myself from posting this

A mathematician and an engineer are sitting next to each other on a long flight. The mathematician leans over to the engineer and asks if he would like to play a fun game. The engineer just wants to take a nap, so he politely declines and rolls over to the window to catch a few winks.

The mathematician persists and explains that the game is real easy and lots of fun. He explains, "I ask you a question, and if you don't know the answer, you pay me $5. Then you ask me a question, and if I don't know the answer, I'll pay you $5."

Again, the engineer politely declines and tries to get to sleep. The mathematician, now somewhat agitated, says, "Okay, if you don't know the answer, you pay me $5, and if I don't know the answer, I'll pay you $50!"

This catches the engineer's attention, and he sees no end to this torment unless he plays, so he agrees to the game. The mathematician asks the first question. "What's the distance from the earth to the moon?"

The engineer doesn't say a word, but reaches into his wallet, pulls out a five-dollar bill and hands it to the mathematician Now, it's the engineer's turn. He asks the mathematician "What goes up a hill with three legs and comes down on four?"

The mathematician looks up at him with a puzzled look. He takes out his laptop computer and searches all of his references. He taps into the air phone with his modem and searches the net and the Library of Congress. Frustrated, he sends e-mail to his co-workers all to no avail.

After about an hour, he wakes the engineer and hands him $50. The engineer politely takes the $50 and turns away to try to get back to sleep.

The mathematician then hits the engineer, saying, "What goes up a hill with three legs, and comes down on four?" The engineer calmly pulls out his wallet, hands the mathematician five bucks, and goes back to sleep.



Edited by monar - 14 May 2011 at 10:15pm

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thickhead

-Believe- IF-Stunnerz
-Believe-
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Joined: 03 December 2005
Posts: 25723

Posted: 15 May 2011 at 12:27am | IP Logged
As per my experiance in share market, we can't make money if you are unwilling to lose...two three times...chappad paad ke stocks down hogaye dhe,thats why now stop playing weekly buy/hold/sells system...am looks only  long term portfolio  or long term investments espl in service sectors...Smile
mr.ass IF-Rockerz
mr.ass
mr.ass

Joined: 27 October 2008
Posts: 9469

Posted: 15 May 2011 at 1:10am | IP Logged
Originally posted by monar

Originally posted by osama-bin-joe


LOL, the market is not really the fundamentals, but the level of optimism based on the fundamentals. yep, I've been able to lose less than .5% of my capital(abt 24 - 28K) and then avoid the market while the market lost 7 -8%. Damn I'm good Tongue the market moves , so momentum is a good way to buy and sell I guess.

markets move in cycles. mehta was a giant fool himself, assuming a bull run would continue forever, nowadays bull runs don't go past 2 -3 years. in a developing economy like India's, the bear market might last a lot less, as the optimism doesn't really get smashed. Already after a decline the market looks like it's basing(we don't know if it'll break above or break down, though)

madoff got away with it though. Still worth millions. Shocked

nowadays technicians are pretty vunerable. Those damn stock operators keep playin it cheap with their damn false signals. I avoided ITC when it broke out at 193, and yep, as I had guessed, it fell back down. LOL but then again, it's our fault, as false signals only happen in the direction opposite to the main trend.


Market indeed is all about - to suppress your optimism when its bullish and how to control your pessimism when it bearish. Mehta went wrong on optimism side. ah! no matter how ready u r for bearish market u end up loosing money Ouch
decline in market impacts economies, specially in the service based industry like india. (not that manufacturing based remains unaffected). People already started anticipating the worse looking at continuous dripping market for two weeks.  I personally feel its too early to anticipate anything, but then I am still new to the whole game and field .. still Learning man! more I learn about market more I laugh!  Latest rajarathnam case was even hilarious how this guy made money.



or you can just take a 12 month moving average and invest once the average changes its sideways slope to a rising slope, that's a pretty good method that's worked for people who tried it. :)

if people have really anticipated the worst then we are in for a bull run Tongue also people are too scared to go short. in india we can only short intraday, but we can short futures if we want :)

also these damn stock experts on cnbc tv 18(I dont know the diff bet stock market channels, but I only watch it because of a certain news anchor EmbarrassedLOL)  like to recommend shars to people to offload them. they say crap like "long term benefits" and "good fundamentals" and "p/e ratio trading at 1000 times it's EBIDTA" or whatever crap. some dude has made profits by doing the opposite of what they say ROFL

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monar

Summer3 IF-Stunnerz
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Posted: 15 May 2011 at 11:46pm | IP Logged

Osama Joe pl do not try this.

 
 
 

Bombing suspect's motive was stock market profits, say police

The Korea Herald/Asia News Network
Mon, May 16, 2011
 

The explosions at two public transportation hubs in Seoul last Thursday were masterminded by a man seeking profits from causing the stock market to fall, police concluded Sunday.

Last week, the 43-year-old man, identified only by his surname Kim, invested in "put options" that appreciate when stock prices drop. He expected the blasts to panic investors into selling stocks, officials said.

Kim hatched the bombing plot after he had suffered heavy losses in futures transactions earlier this year.

On Saturday, police apprehended him and two other accomplices suspected of detonating two bombs just 30 minutes apart at Seoul Station and Gangnam Express Bus Terminal. The blasts caused no injuries.

The incident escalated public fears of terrorism, with experts claiming that South Korea could fall victim to attacks from international groups especially after Osama bin Laden, the leader of al-Qaida, was killed in a U.S. military raid in Pakistan on May 1. After graduating from high school, Kim spent a total of four years in jail for special robbery, police said. They added that they had not found any evidence yet of a political motive.

"We judged that the explosions were not carried out by one with a strange antisocial personality who wanted to conduct an act of terrorism on many unspecified people for political purposes, but by one who wants to achieve economic objectives," said an official, declining to be named.

After being released from prison in July 2010, he borrowed some 3 million won ($276,497) from his acquaintances and made large investments in futures. On the expiration date, which came in March, he lost them all, according to police.

He once again borrowed some 50 million won and invested it in put options Wednesday. Police say he sought to benefit financially from confusion on the stock market with the explosions on the expiration date Thursday.

Kim came to know the two other suspects through his acquaintances. Kim allegedly told one of them ? a 36-year-old man, surnamed Lee ? to purchase a timer, batteries and other materials for explosives. The other ? 51-year-old man, surnamed Park ? was allegedly told to put the explosives in the lockers in the waiting rooms at the two locations.

Last month, Kim viewed instructions on how to make incendiary devices on the Internet, police said.

As the modus operandi for the two explosions were similar and they occurred only half an hour apart, police suspected that they were carried out by the same person with some accomplices.

After analyzing the closed-circuit TV footage from the two locations, police found one of the suspects. Using explosive materials left in the lockers, they also tracked down the whereabouts of the other suspects, officials said.

Police nabbed Lee in Incheon at around 12:30 a.m. on Saturday. They detained Kim in Yangpyeong, Gyeonggi Province at 5:45 p.m. Park was caught in Seoul at 9:10 p.m., according to officials.

Police plan to seek an arrest warrant for Kim and investigate the others without detention.

-The Korea Herald/Asia News Network

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