Story # 1
It's a fine sunny day in the forest and a lion is sitting outside his cave, lying lazily in the sun. Along comes a fox, out on a walk.
Fox: "Do you know the time, because my watch is broken"
Lion: "Oh, I can easily fix the watch for you"
Fox: "Hmm... But it's a very complicated mechanism, and your big claws will only destroy it even more."
Lion: "Oh no, give it to me, and it will be fixed"
Fox: "That's ridiculous! Any fool knows that lazy lions with great claws cannot fix complicated watches"
Lion: "Sure they do, give it to me and it will be fixed"
The lion disappears into his cave, and after a while he comes back with the watch which is running perfectly. The fox is impressed, and the lion continues to lie lazily in the sun, looking very pleased with himself.
Soon a wolf comes along and stops to watch the lazy lion in the sun.
Wolf: "Can I come and watch TV tonight with you, because mine is broken"
Lion: "Oh, I can easily fix your TV for you"
Wolf: "You don't expect me to believe such rubbish, do you? There is no way that a lazy lion with big claws can fix a complicated TV.
Lion: "No problem. Do you want to try it?"
The lion goes into his cave, and after a while comes back with a perfectly fixed TV. The wolf goes away happily and amazed.
Scene :
Inside the lion's cave. In one corner are half a dozen small and intelligent looking rabbits who are busily doing very complicated work with very detailed instruments. In the other corner lies a huge lion looking very pleased with himself.
Moral :
IF YOU WANT TO KNOW WHY A MANAGER IS FAMOUS; LOOK AT THE WORK OF HIS SUBORDINATES.
Management Lesson in the context of the working world :
IF YOU WANT TO KNOW WHY SOMEONE UNDESERVED IS PROMOTED; LOOK AT THE WORK OF HIS SUBORDINATES
Story # 2
It's a fine sunny day in the forest and a rabbit is sitting outside his burrow, tippy-tapping on his typewriter. Along comes a fox, out for a walk.
Fox: "What are you working on?"
Rabbit: "My thesis."
Fox: "Hmm... What is it about?"
Rabbit: "Oh, I'm writing about how rabbits eat foxes."
Fox: "That's ridiculous ! Any fool knows that rabbits don't eat foxes!
Rabbit: "Come with me and I'll show you!"
They both disappear into the rabbit's burrow. After few minutes, gnawing on a fox bone, the rabbit returns to his typewriter and resumes typing.
Soon a wolf comes along and stops to watch the hardworking rabbit.
Wolf: "What's that you are writing?"
Rabbit: "I'm doing a thesis on how rabbits eat wolves."
Wolf: "you don't expect to get such rubbish published, do you?"
Rabbit: "No problem. Do you want to see why?"
The rabbit and the wolf go into the burrow and again the rabbit returns by himself, after a few minutes, and goes back to typing. Finally a bear comes along and asks, "What are you doing?
Rabbit: "I'm doing a thesis on how rabbits eat bears."
Bear: "Well that's absurd ! "
Rabbit: "Come into my home and I'll show you"
Scene :
As they enter the burrow, the rabbit introduces the bear to the lion.
Moral:
IT DOESN'T MATTER HOW SILLY YOUR THESIS TOPIC IS; WHAT MATTERS IS WHOM YOU HAVE AS A SUPERVISOR.
Management Lesson in the context of the working world:
IT DOESN'T MATTER HOW BAD YOUR PERFORMANCE IS; WHAT MATTERS IS WHETHER YOUR BOSS LIKES YOU OR NOT
Indian Stock Market – Tricks to excel in it.
Want to excel in stock market? Here are some tips to help you in being a good intraday trader and Delivery Investor.
Start with a realistic goal in mind.
First you have to make a decision whether you want to become a trader or seek and employment. Always keep a realistic goal in your mind about what you want to achieve from Indian stock market.
Never make the mistake of believing that you have become the master.
No body is perfect in stock market. Learning never ends here. One should not feel he/she is the king if they make money in 5-6 trades without any loss. One should keep himself open for new learning and appoint consultants for himself. As professionals can help you best.
Draw up a trading plan.
Prepare a trading plan, back test it with historical data and then stick to it. Don’t keep fine tuning the plan i.e never change plan stick to it.
Start with the smallest amount of capital that you can effectively trade with.
Initially start with a small amount and cautiously enter the stock market. You should concentrate on achieving the best possible returns over a 3 month period.
Make a commitment
Don’t get overexcited after a few wins in stock market and start increasing your capital, that is a sure sign that you are not in control, the market is controlling you which mean you are on the path of getting trapped in the stock market.
Sharetipsinfo suggests you to monitor your performance of winning or losing on a weekly basis, Do review each trade and assess your performance.
Take a break
No matter you are making or losing money in stock market. You should take a break after fix intervals lets say after 4 months, pause for a 3-4 days. Again review your performance and identify any gaps in your knowledge that needs additional works.
Take PROFESSIONAL HELP
If you know there is a problem in your trading plan, don’t hesitate to consult a mentor. Find an experienced and performance oriented professional company who are providing tips to there clients. Take advantage of there research and knowledge.
Long term strategy
After 12 month again review your performance and decide whether you are ready to commit more capital to the stock market or not. But we assure you with professional help and your own knowledge you will surely be a winner in Indian or any stock market.
Indian Stock Market Trading Golden Rules
We are mentioning few golden rules for trading and investing in Indian stock market or in any other Stock market.
If you want to be a successful intraday / day trader or Positional / Delivery investor then simply follow these golden rules.
"Trading runs in cycles; some are good, some are bad, and there is nothing we can do about that other than accept it and act accordingly"
Think in terms of probabilities and act upon them. There are no certainties in trading. You can keep yourself out of trouble by thinking in terms of probabilities. Get comfortable with approximate predictions and interpretations.
"To trade/invest successfully, think like a fundamentalist; trade like a technician"
Along with economic fundamentals that will drive a market higher or lower, but we must try to understand the technical as well.
"Don't be a hero. Don't fight the trend. Follow the money flow"
You should forget the news, remember the chart as chart already knows the news is coming and buy on rumors; sell on news.
"In trading/investing, an understanding of mass psychology is often more important than an understanding of economics"
Trading is a psychological game. Most people think that they're playing against the market, but the market doesn't care. You're really playing against yourself. Hope, fear and greed are not strategies: they are emotions. Simple emotions are not an effective strategy. Positive emotions could cause us to fail to apply risk precautions. Negative emotion could cause us to hesitate.
"Learn to monitor yourself and draw conclusions from your mistakes. "
Predetermine maximum losses in every potential trade. Do not risk more than 5% of your capital on any trade. Don't average your losses.
"Buy that which is showing strength - sell that which is showing weakness"
The public continues to buy when prices have fallen. The professional buys because prices have rallied. This difference may not sound logical, but buying strength works. The rule of survival is not to "buy low, sell high", but to "buy higher and sell higher". Furthermore, when comparing various stocks within a group buys only the strongest and sells the weakest.
"Think like a guerrilla warrior."
We wish to fight on the side of the market that is winning, not wasting our time and capital on futile efforts to gain fame by buying the lows or selling the highs of some market movement. Our duty is to earn profits by fighting alongside the winning forces. If neither side is winning, then we don't need to fight at all.
"When you lose, don't lose the lesson!"
Forget the names but remember the events. Those who don't remember the past are doomed to repeat it. Make mistakes with composure and character, without blaming others, and don't dwell on mistakes.
"Evaluate your results at least monthly".
Monitor your P&L, your win/loss ratio, and the relationship between your biggest wins and worst losses. Reviewing these results helps you continually improve your understanding of the markets and yourself.
"When in doubt, get out."
Scrutinize your positions at all times, each day, and you will not be left holding a stock without reason. Be willing to change direction at any time, because your flexibility as an individual investor is a big advantage which should be embraced!
"There is no "genius" in these rules. They are common sense and nothing else, but as Voltaire said, "Common sense is uncommon." Trading is a common-sense business. When we trade contrary to common sense, we will lose. Perhaps not always, but enormously and eventually. Trade simply. Avoid complex methodologies concerning obscure technical systems and trade according to the major trends only".
ShareTipsInfo >>Investment in stock market
If you are new to the stock market you must know that today’s hot stock market is both inviting and intimidating to new investors. Here's how to start an investment portfolio of your own.
When you purchase stock, the word "stress" takes on a whole new meaning as when you reads the morning paper or listens to the radio and finds that his best stock dropped 20 points a share yesterday.
The investor become habitual of reading the business section of the paper first, turning to the stock tables to see how his life is doing, this sets his mood for the day. If his stocks are up, everything is beautiful and off to work he goes with a big smile. He says proudly "I picked that stock!"
But if his stocks are down, we've got Mr. Grumpy for the rest of the day.
it’s all about stock market investing most investors become addicted to the market. It becomes an obsession.
SMART INVESTMENT:
• Read about the fundamentals of the stocks and the market, attend a seminar or take a class on investing and review online financial sites.
• Set your goals based on your financial position and a stock-picking strategy.
• Don't ever buy a stock without first learning about its business and who its competition is. You want to focus on the leaders in an industry.
• Invest in what you know. Consider the stocks of local companies with which you are familiar and in which you have confidence.
• Check out the past of the stock that you are going to buy.
• Invest in more than one or two stock so that lose in one stock can recover from the profit in the another one.
• Buy stocks that you will feel comfortable holding. Resist the temptation to dump a stock the moment its price drops a few percentage points. Give it a chance.
When you purchase stock, the word "stress" takes on a whole new meaning as when you reads the morning paper or listens to the radio and finds that his best stock dropped 20 points a share yesterday.
The investor become habitual of reading the business section of the paper first, turning to the stock tables to see how his life is doing, this sets his mood for the day. If his stocks are up, everything is beautiful and off to work he goes with a big smile. He says proudly "I picked that stock!"
But if his stocks are down, we've got Mr. Grumpy for the rest of the day.
it’s all about stock market investing most investors become addicted to the market. It becomes an obsession.
SMART INVESTMENT:
• Read about the fundamentals of the stocks and the market, attend a seminar or take a class on investing and review online financial sites.
• Set your goals based on your financial position and a stock-picking strategy.
• Don't ever buy a stock without first learning about its business and who its competition is. You want to focus on the leaders in an industry.
• Invest in what you know. Consider the stocks of local companies with which you are familiar and in which you have confidence.
• Check out the past of the stock that you are going to buy.
• Invest in more than one or two stock so that lose in one stock can recover from the profit in the another one.
• Buy stocks that you will feel comfortable holding. Resist the temptation to dump a stock the moment its price drops a few percentage points. Give it a chance.
Subscribe to:
Posts (Atom)