Posts Tagged: Mark Twain

Age Don’t Matter at all

15 December 2014 - 15:32 pm
 

1) Helen Keller, at the age of 19 months, became deaf and blind. But that didn’t stop her. She was the first deaf and blind person to earn a Bachelor of Arts degree.
2) Mozart was already competent on keyboard and violin; he composed from the age of 5.
3) Shirley Temple was 6 when she became a movie star on “Bright Eyes.”
4) Anne Frank was 12 when she wrote the diary of Anne Frank.
5) Magnus Carlsen became a chess Grandmaster at the age of 13.
6) Nadia Comăneci was a gymnast from Romania that scored seven perfect 10.0 and won three gold medals at the Olympics at age 14.
7) Tenzin Gyatso was formally recognized as the 14th Dalai Lama in November 1950, at the age of 15.
8) Pele, a soccer superstar, was 17 years old when he won the world cup in 1958 with Brazil.
9) Elvis was a superstar by age 19.
10) John Lennon was 20 years and Paul Mcartney was 18 when the Beatles had their first concert in 1961.
11) Jesse Owens was 22 when he won 4 gold medals in Berlin 1936.
12) Beethoven was a piano virtuoso by age 23
13) Issac Newton wrote Philosophiæ Naturalis Principia Mathematica at age 24
14) Roger Bannister was 25 when he broke the 4 minute mile record
15) Albert Einstein was 26 when he wrote the theory of relativity
16) Lance E. Armstrong was 27 when he won the tour de France 
17) Michelangelo created two of the greatest sculptures “David” and “Pieta” by age 28

>> Read More

Improvement-Links

29 January 2012 - 18:07 pm
 

 

Some fascinating reads :

 

• Who Owns The World’s Financial Assets? And Why Are U.S. Households So Fascinated With Stocks? (Wall Street Rant)
• Chasing the Mirage of Hedge Fund Returns (Forbes)
• George Soros: How to Save the Euro (NY Review of Books)
• Why Tech Stocks Look Better—Even for the Risk Averse (WSJ)
• The one percent war (Reuters Magazine) see also NJ Gov Chris Christie to the 1%: Please Occupy New Jersey (WSJ)
• GDP growth still not enough to get back to full employment (Washington Post)
• Legal Foreclosure Issue two-fer:
…..-Arizona attorney general: Bank of America impeding investigation (Phoenix Biz Journal)
…..-Bill takes aim at Colorado foreclosures (Denver Post)
• The Office: Can It Be Fixed? (Grantland)
• How Siri is ruining your cellphone service (Washington Post)
• N.Y. Airports Account for Half of All Flight Delays (NYT)

 

21 Trading Quotes

17 November 2011 - 12:11 pm
 
1. “Twenty years from now you will be more disappointed by the things that you didn’t do than by the ones you did do.” ~ Mark Twain

2. “The market can stay irrational longer than you can stay solvent.” ~ John Maynard Keynes.

3. “I never buy at the bottom and I always sell too soon.” ~ Baron Rothschild

4. “When the facts change, I change my mind. What do you do, sir?” ~ John Maynard Keynes

5. “Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.” ~ Warren Buffett

6. “It is not our duty as speculators to be on the bull side or the bear side but upon the winning side.” ~ Jessie Livermore in Edwin Lefevre’s Reminiscences of a Stock Operator

7. “The  principles of successful speculation are based on the supposition that people will continue in the future to make the mistakes that they made in the past.” ~ Thomas F. Woodlock

8. “It never was my thinking that made the big money for me. It was always my sitting tight. Got that?” ~ Mr. Partridge in Edwin Lefevre’s Reminiscences of a Stock Operator

9. “They say you never grow poor taking profits. No, you don’t.  But neither do you grow rich taking a four-point profit in a bull market.” ~ Jessie Livermore in Edwin Lefevre’s Reminiscences of a Stock Operator

10. “Remember that prices are never too high for you to begin buying or too low to begin selling.  But after the initial transaction, don’t make a second unless the first shows you a profit.” ~ Jessie Livermore in Edwin Lefevre’s Reminiscences of a Stock Operator

11. “A loss never bothers me after I take it. I forget it overnight. But being wrong – not taking the loss – that is what does the damage to the pocketbook and the soul.” ~ Jessie Livermore in Edwin Lefevre’s Reminiscences of a Stock Operator

12. “If a man didn’t make mistakes, he’d own the world in a month.  But if he didn’t profit by his mistakes, he wouldn’t own a blessed thing.” ~ Jessie Livermore in Edwin Lefevre’s Reminiscences of a Stock Operator

13. “The man who is right always has two forces working in his favor – basic conditions and the men who are wrong.  In a bull market bear factors are ignored.” ~ Jessie Livermore in Edwin Lefevre’s Reminiscences of a Stock Operator

14. [What advice would you give the novice trader?] – “First, I would say that risk management is the most important thing to be well understood.  Undertrade, undertrade, undertrade is my second piece of advice.  Whatever you think your position ought to be, cut it at least in half.” ~ Bruce Kovner in Jack Schwager’s Market Wizards

15. “There is probably no class of trades with a higher failure rate than impulsive trades.” Jack Schwager in Market Wizards

16. [What is the most important advice you could give the novice trader?] – “Trade small because that’s when you are as bad as you are ever going to be.  Learn from your mistakes.” ~ Richard Dennis in Jack Schwager’s Market Wizards

17. “The elements of good trading are: (1) cutting losses, (2) cutting losses, and (3) cutting losses.  If you can follow these three rules, you may have a chance.”  ~ Ed Seykota in Jack Schwager’s Market Wizards

18. “Charting is a little like surfing.  You don’t have to know a lot about the phsyics of tides, resonance, and fluid dynamics in order to catch a good wave.  You just have to be able to sense when its’s happening and then have the drive to act at the right time.” ~ Ed Seykota in Jack Schwager’s Market Wizards

19. “I have two basic rules about winning in trading as well as in life: (1) If you don’t bet, you can’t win.  (2) If you lose all your chips, you can’t bet.” ~ Larry Hite in Jack Schwager’s Market Wizards

20. “Perhaps the most important rule is to hold on to your winners and cut your losers.  Both are equally important.  If you don’t stay with your winners, you are not going to be able to pay for the losers.” ~ Michael Marcus in Jack Schwager’s Market Wizards

21. “Lose your opinion – not your money” ~ Unknown

Happy Independence Day

15 August 2011 - 9:26 am
 

India is the cradle of the human race, the birthplace of human speech, the mother of history, the grandmother of legend, and the great grand mother of tradition. Our most valuable and most astrictive materials in the history of man are treasured up in India only!” –Mark Twain

Technically Yours/Anirudh Sethi Report Team/Baroda

7 Ways to Become an Unsuccessful Trader

07 January 2011 - 21:25 pm
 

If you’d prefer to become an unsuccessful trader, you can start by making the following common trading mistakes.

-The first big mistake is the flawed logic of extrapolation. Many traders and investors assume that a trend will remain in force until an “event” comes along to change it. But market trends are not like billiard balls on a pool table. This false assumption will put you on the wrong side of the market more times than not, especially at major turning points.

-The second big mistake is to suppose that news events drive market trends. In fact, the opposite is true: economic, political and social events lag market trends.

-One common mistake is to buy puts or calls that are way “out of the money,” with no other transactions to compliment them. Unless your timing is absolutely perfect — and who has perfect timing? — your chance of success is low. It’s like buying a lottery ticket.

-Another common mistake is to buy options with too little time left to expiration. With less than one month to expiration, the time decay begins to accelerate and the chances of success diminish.

-In the middle of a corrective pattern, it’s common to run out of patience while waiting for confirmation of a trend change. You have to give corrective patterns time to unfold before you jump in. This requires discipline, and a solid understanding of the many ways corrective patterns can unfold.

-Too many traders think Elliott wave is a trading system that tells you exactly where to enter and exit a particular market. That’s the biggest misconception. The reality is that it’s an analytical and forecasting tool, which helps you develop and use your own trading system, based on your own personal risk tolerance.

-Traders tend to over-rely on momentum indicators such as RSI, Stochastics and MACD to precisely spot turning points. But to paraphrase Mark Twain, markets can stay overbought or oversold a lot longer than either you or I can remain solvent.

21 Quotes for Traders

20 December 2010 - 6:01 am
 

1. “Twenty years from now you will be more disappointed by the things that you didn’t do than by the ones you did do.” ~ Mark Twain

2. “The market can stay irrational longer than you can stay solvent.” ~ John Maynard Keynes.

3. “I never buy at the bottom and I always sell too soon.” ~ Baron Rothschild

4. “When the facts change, I change my mind. What do you do, sir?” ~ John Maynard Keynes

5. “Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.” ~ Warren Buffett

6. “It is not our duty as speculators to be on the bull side or the bear side but upon the winning side.” ~ Jessie Livermore in Edwin Lefevre’s Reminiscences of a Stock Operator

7. “The  principles of successful speculation are based on the supposition that people will continue in the future to make the mistakes that they made in the past.” ~ Thomas F. Woodlock

8. “It never was my thinking that made the big money for me. It was always my sitting tight. Got that?” ~ Mr. Partridge in Edwin Lefevre’s Reminiscences of a Stock Operator

9. “They say you never grow poor taking profits. No, you don’t.  But neither do you grow rich taking a four-point profit in a bull market.” ~ Jessie Livermore in Edwin Lefevre’s Reminiscences of a Stock Operator

10. “Remember that prices are never too high for you to begin buying or too low to begin selling.  But after the initial transaction, don’t make a second unless the first shows you a profit.” ~ Jessie Livermore in Edwin Lefevre’s Reminiscences of a Stock Operator

11. “A loss never bothers me after I take it. I forget it overnight. But being wrong – not taking the loss – that is what does the damage to the pocketbook and the soul.” ~ Jessie Livermore in Edwin Lefevre’s Reminiscences of a Stock Operator >> Read More

30 NUGGETS OF STOCK MARKET WISDOM

02 November 2010 - 14:59 pm
 

“Wall Street people learn nothing and forget everything.”  Ben Graham

“ Buy on the cannons, sell on the trumpets.” Old French Proverb

“A stock broker is one who invests other people’s money until its all gone.”  Woody Allen

“It is fortunate for Wall Street as an institution that a small minority of people can trade successfully and that many others think they can.” Ben Graham

“Wall Street indices predicted nine out of the last five recessions!” Paul Samuelson

“ There are two kinds of investors, be they large or small: those who don’t know where the market is headed, and those who don’t know that they don’t know. Then again, there is a third type of investor –the investment professional, who indeed knows that he or she doesn’t know, but whose livelihood depends upon appearing to know.” William Bernstein

“The point is, ladies and gentleman, that greed, for lack of a better word, is good. Greed is right, greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. Greed, in all of its forms; greed for life, for money, for love, knowledge has marked the upward surge of mankind.” Gordon Gekko

“It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.”  George Soros

“October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February.”  Mark Twain

“If past history was all there was to the game, the richest people would be librarians.” Warren Buffett

“Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.”  Warren Buffett

“A market is the combined behavior of thousands of people responding to information, misinformation and whim.”  Kenneth Chang

“The four most dangerous words in investing are “This time it’s different”.   John Templeton

“Money can’t buy you happiness but it does bring you a more pleasant form of misery.” Spike Milligan

“If you don’t follow the stock market, you are missing some amazing drama.”  Mark Cuban

“The average man doesn’t wish to be told that it is a bull or a bear market. What he desires is to be told specifically which particular stock to buy or sell. He wants to get something for nothing. He does not wish to work. He doesn’t even wish to have to think.”  Jesse Livermore

In this business if you’re good, you’re right six times out of ten. You’re never going to be right nine times out of ten.” Peter Lynch

“ Markets can remain irrational longer than you can remain solvent” John Maynard Keynes

“The markets will return to rationality the moment you have been rendered insolvent.” Dennis Gartman

“Risk is good. Not properly managing your risk is a dangerous leap” Evel Knievel

“Sometimes your best investments are the ones you don’t make.” Donald Trump

“The most predictable thing about the stock market is the number of experts who take credit for predicting it.” Dave Weinbaum

“I have probably purchased fifty ‘hot tips’ in my career, maybe even more. When I put them all together, I know I am a net loser.” Charles Schwab

“Money talks… but all mine ever says is good-bye.” Anon

“Don’t gamble! Take all your savings and buy some good stock and hold it ‘till it goes up, then sell it. If it don’t go up, don’t buy it.” Will Rogers

“Give me a stock clerk with a goal and I’II give you a man who will make history. Give me a man with no goals and I’II give you a stock clerk.” James Cash

Never make forecasts, especially about the future.”  Samuel Goldwin

“Stocks are bought on expectations, not facts.” Gerald M. Loeb

“Your success in investing will depend in part on your character and guts, and in part on your ability to realize at the height of the ebullience and the depth of despair alike that this too shall pass.” John Bogle

“You make most of your money in a bear market, you just don’t realize it at the time.” Shelby Davis

Thought For A Day

21 May 2010 - 1:09 am
 

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Technically Yours,
Team ASR,
Baroda, India.