Dear Bubble,

 

My this post was not meant for people-speculators or knowledgeable people who know what they r doing.

 

Of cource money can be made by intelligent moves in trading. No doubt about it. I am not against trading or speculation!

 

But only people who really know what they are doing, what the odds are, what is the risk reward ratio etc can make money.

 

Educational degrees only may not be that useful in trading field. Here you require much more. Not many people with MBA degrees are ready to admit their mistakes. Their ego stops them from doing that. If they lose, they will blame it on markets, circumstances and what not. So they become what Kulman says:In the end they all are Mungerilals. Most people will talk about their profits. Very few are ready to admit my mistakes. I feel profitable trading can be learnt by keeping an open mind.

 

Profitable trading requires much more than what is usually visible to most. For most people it is the wish-hope of making easy money that pushes them into trading. They feel that they are capable. Just like succesful investing, trading requires lots of homework. And the good news for successful traders is that very few are ready to put in so much efforts.

 

I have never traded anything in F & O in my life.

 

Bubble, in past i have had occasion to observe one of my friend closely do  his trading . He just specialised Sw and focused on Satyam. He used to inform me in advance about the likely moves based on the trading system he had devised based on 10 different parameters. He was right most of the time. We offered him to manage our money at very favorable terms/ This was six seven years ago. But he refused. He was afraid of losing our money. I do not know what stopped him but as Ed says, everybody gets what they want. We can meet that person when u visit BBY.

 

Best wishes,

 

JM

 

 

 

 

 

 

 

 

 

 

 

 

Hi Bubble,

 

Many, in fact most people do not realise what he meant by Win or lose, everybody gets what they want from the market. Some people like to lose, so they win by losing money.

 

 

 

 

 

 

 

The reality as perceived by me is this: He really really did not like to lose. But his love for drawing attention - attracting crowd was so strong that he needed to tell people those war type stories. And he is a handsome man.  He was really in love with this idea that he can, for many many minutes make people stand and listen to him. May be he used to derive satisfaction that the fairer sex also must be admiring him for drawing so much attention of so many people. His trades were always exciting. Never boring. They had many ups and downs. What he loved was drawing attention, Not really making money.

 

He got what he wanted. And he continues to get what he wants. It's a trap. But he does want Attention. Not money. This is where i saw Ed Seykota's theories working. Can you, Bubble, explain this to us why this person does what he does?

 

By posting these types of posts on TED, we are also getting something that we want!!.  Actually for me TED is a nicest  place to exchange ideas with like minded people. And thanks to BM's TED, i know many more people in my life. Specially BM, M Kul, Bubble, Deepinsights, Kayals, Snehal, Mark, Chirag and Nitin and many more. I wanted to make friends with like minded people and TED provided the platform!

 

Best wishes

 

JM