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Trading Psychology
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kulman
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Quote kulman Replybullet Posted: 16/Nov/2006 at 8:29pm
There is a duet song filmed very creatively. The remix album shows a background storyline...This Mungerilal has lots of open 'positions' on  heavy leverage in F&O (equity+commodities!). The market trend is against him (Hindi mein bole to....woh ghus gaya hain!). Mungerilal is shown calling Circuit to check quotes of related stock & commodities futures very frequently almost every 10-15 minutes. And the song starts: 
 
Circuit: Yun hi tum muzhse baat karte ho, yaa koi trade kaa iraada hain?
Mungerilal: Position meri jaanta hi nahin…..mera Circuit bhi kitna saada hain!
 
 
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basant
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Quote basant Replybullet Posted: 16/Nov/2006 at 9:30pm
Originally posted by BubbleVision

I would sing a song....NANANANA... No Entry.... to the winner ... to not go on a holiday with a TAU....kulman....
 
Now on a serious note:
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ALso he had gone massively bearish in  June calling it a bear market.
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BasantJi,
you at times sound a bit contradictory as you said in the other thread...."We must call a spade a spade".
Now if any TA did not call "Sell" at that point of time........ he would missout on selling if the index had indeed topped out like Nasdaq.... or oil. If a 30% index fall does not turn a technician.... some thing is definately wrong...
 
I would be lying if i dont admit that i was not short, as i was indeed short NIFTY.
I was also short BANKNIFTY big time... as that was the most underperforming sector in Jan-May-06. (the only front line stock to hit a 52-Week low was SBI). However, when the bank index turned... i Booked profits (on shorts on 26-July)and went long (on 14-Aug at 4300 odd). I am holding it long since then till today.  The only index ... which was showing relative strength at that point of time was CNXIT.
 
However when the market turned... i used that spade the bury that bear rather then get burried by the bull myself...
 
Had the index topped and they had not turned bearish... still we would have been cursing them...
 
What seperates the TA and TAU ... is the openness to realise a new emerging trend.. which some do (TA) and some dont (TAU)... The TAU's also attempt to catch a top... (rather unscessfully) there by, miss on the larger trend which is underway... that is why they dont make as much money....
 
I also never marry any position.......
 
Never Marry any position ... as marriages (in market and in life) always cost us money.... dont they....
 
The open parachute at the top always helps...
 
 
I has said that just to make it obvious who AG was. Generally I like AG for the sheer conviction in his targets. He keeps talking about keeping capital goods and Bharti etc etc .His target on Tv 18 was incidentally 1100 and then 1500. That was when the stock was near to Rs 800.
 
Whether you are right or wrong is another issue but conviction is what I like best about any individual.
 
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BubbleVision
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Quote BubbleVision Replybullet Posted: 17/Nov/2006 at 1:15pm
Thanks for the Clarification .....And that is a great news for TV18 shareholders which you have shared...
You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer!
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kulman
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Quote kulman Replybullet Posted: 17/Nov/2006 at 1:35pm
Taking cues from Close-up toothpaste Advt, this video shows a Broker along with his Circuit and our Mungerilal singing these jingles:
 
Broker & Circuit: Kya aap gambling karte hain?
Mungerilal: Haan haan
B&C: Kya aap Lottery khelte hain?
M: Haan haan
B&C: Kya aap cricket betting karte hain?
M: Haan haan
B&C: To aap F&O kyon nahin khelte hain?
 
 
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monu_duggad
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Quote monu_duggad Replybullet Posted: 17/Nov/2006 at 1:36pm
bubble/basantji
 
who is ag..pm kar do :-)
If you think you can,You Can
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BubbleVision
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Quote BubbleVision Replybullet Posted: 17/Nov/2006 at 1:47pm
Wonderful Kulman....
I wonder where is Manisha Gupta going with all her Copper Buy and sell singals for her Day trading -Investor.... Any song for her please..
On the last recomm the margin was wiped off.... wonder what her Todays recomm will do...
You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer!
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basant
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Quote basant Replybullet Posted: 17/Nov/2006 at 3:08pm
[QUOTE=BubbleVision]Thanks for the Clarification .....And that is a great news for TV18 shareholders which you have shared...[/
 
AG has a target of Rs 1100 at fitst and then Rs 1500 finally.
____________________________________________________________
At Rs 600 Tv 18 was milk with a lot of cream; at Rs900 it was skimmed milk; at Rs 1100 it would be milk with water at Rs 1500 it would be water with milk.
 
I get more excited when I see big EPS numbers rather then big price moves because sooner or later prices do catch up with the fundamentals (either way).
 
 
 
'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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kulman
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Quote kulman Replybullet Posted: 17/Nov/2006 at 5:54am
BubbleVision: Great idea.....your suggestion is accepted by remix album producers...soon we shall have something on that 'commodity expert'!
 
----------------------------------------------------------
In another remix video, the director has shown an emotional scene wherein a group of Mungerilals who have lost fortune in futures market leaving the dealing room......& the song starts:
 
Kar chale hum fida apna margin saathiyo....
Ab tumhare hawale F&O saathiyo....
 
While the above is a filmed as a chorus, one Rajesh Khanna-look-alike is shown singing this solo remix:
 
F&O ka suffer...
hain yeh kaisa safar
Koi samzha nahin....
koi jaana nahin!
 
Hain yeh kaisi dagar
Chal pade sab magar
Koi samzha nahi...
Koi jaana nahin!
 
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Attention Forum Members: The contest for suggesting how to depict Market is still open. Please post your entries as soon as possible.
 
 


Edited by kulman - 17/Nov/2006 at 6:00am
Life can only be understood backwards—but it must be lived forwards
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