Archive for the ‘Stockmarket’ Category

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Spirituality and the stockmarket

October 19, 2005

My article on “Spirituality and the stockmarket got printed in the October issue of the magazine “The Eternal Solutions”. I have also written for “LIFE POSITVE” . For those of you who may be wondering that spirituality and stockmarket are like North Pole and South Pole(that was the Editor’s first response but on reading the entire article, it was accepted straightaway), here are several similarities.

These are based on experiences over the last one year wherein which I have learnt tried to learnstockmarket trading. I found many analogies between spirituality and the market

For many of you who must be wondering about this article , there is a direct correlation between spirituality and the stock market.

EQUANIMITY – GREED AND FEAR COMMON TO BOTH

UNCERTAINTY – MKTS ARE UNPREDICTABLE AND SO IS LIFE

EGO – MKTS CAN RUIN YOU IF YOU ARE TOO EGOISTIC AND ACT AGAINST THE WAY IT GOES AND SPIRITUALITY IS AGAINST EGOISTIC BEHAVIOR

QUACKS- BOTH THE SPIRITUAL FIELD AND THE STOCK MARKETS ARE FULL OF QUACKS

NO STRONG OPINIONS- SPIRITUALITY TEACHES US TO BE NON-JUDGMENTAL AND ON THE MKTS ONE CANNOT HAVE STRONG OPINIONS

KNOW THYSELF- A TRADING SYSTEM CAN MAKE ONE PERSON A MULTIMILLIONAIRE AND THE OTHER A PAUPER SO ONE HAS TO KNOW ONE’S TEMPRAMENT WHICH IS WHAT SPIRITUALITY TEACHES.

BHAGVAD GITA TEACHES TO DO KARMA WITHOUT EXPECTING THE RESULTS AND IN THE SHORT RUN OR LONG RUN, UNLESS ONE PRACTICES THAT RELIGIOUSLY, ONE CANNOT OPERATE IN THE MARKETS.

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The Stockmarkets- “Much ado about nothing?”

October 19, 2005

I have been trying to be a professional trader for the past one and a half years and if there is one thing that I have learnt is that nobody can predict the market in the short run and in the long run only blue chips do well. The kind of monitoring that CNBC does of the market is actually required only by a professional trader which can be done with real time software. Most traders know that markets are totally unpredictable

Then one wonders that what CNBC is doing is “Much ado about nothing” All the lovely looking women and all the analysts propounding theories without giving much reasoning. Its as if the entire lot of them were standing over a small baby and trying to predict what it was going to be when it grows up. The analysis of company results is somewhat valid but sometimes the shares do not move even though the company performs and vice-versa- its like a commercial hindi film used to be; makes no sense.

Everybody hovers around the market as if it were a small plaything
And monitor it the way a meditator monitors his breathing
Nobody can predict mkts whether it is rising or taking a beating
All deliberations on them are “Much ado about nothing”

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Ever tried shares trading?

October 18, 2005

As against investment in shares stock trading is a business. Professionally it is taking off in India though in the United states, it is a full fledged profession.

In Trading, one has to learn Technical Analysis or analysis of the market by graphs and indicators of momentum, volatility, trend, volume etc. The best software for that purpose is Metastock which I have. Trading is of three types- Day trading, Swing trading and Position Trading. In Day trading, one can buy and sell within the same day, in swing trading you can buy and sell within a week and position trading can be from a few weeks to a few months. Day trading is deemed the most dangerous and position trading the safest. There is another site called http://www.technicaltrends.com which has a very comprehensive software.

Like everything else in life trading is best learnt from a coach or one can spend years trying to master Technical analysis. Currently I am learning swing trading from a full time America trained coach(CNBC expert advisor) who gives instructions through yahoo chat. It seems safe enough once you get used to it. We also do derivatives which means futures and options and where more money can be earned with less money. Considering some of the hassles of doing business in India, it is not a bad option but one has to be careful and vigilant. Trading is three to five times more dangerous than investment and attempting on one’s own would be financial suicide unless you have some god gifted talent.WWW,traderji.com is the best discussion forum in India as per my knowledge.

One really wonders why nobody has taken the initiative of collaborating with the Americans to initiate share trading education in India