| Author |
Message |
BubbleVision
Senior Member
Joined: 05/Aug/2006
Location: India
Online Status: Offline
Posts: 3142
|
   Topic: About the Great Ed Seykota 's trading startegies.
Posted: 07/Aug/2006 at 7:37pm |
According to Jim Rogers " The Markets are ALWAYS WRONG". He said this in his interview in the market wizards interview and i subscribe to a similar thinking and surprisingly so given i am a technical analyst. What do you all think. Mr Basant your views are highly appreciated.
What a Great Forum this is.
Edited by basant - 07/Aug/2006 at 8:43pm
|
|
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!
|
 IP Logged |
|
|
|
 |
|
basant
Admin Group
Joined: 01/Jan/2006
Location: India
Online Status: Offline
Posts: 18403
|
Posted: 07/Aug/2006 at 7:50pm |
Vikrant: If markets were right or in other words if we believed in the efficient market hypothesis then all of us would have made the same annualised 12% in stocks.The fact that markets are WRONG allows some of us to make 100% and some to lose 80%.People who say that markets are always right do not know what is right.
Now if Markets had been right we would all have loaded up on Index Funds because there was no way to beat the market. The fact that you had people who could consistently beat the market JIm Rogers,Warren Buffet, Peter Lynch, Samir Arora and our own Rakesh Jhunjhunwala means that markets were wrong and they bought stocks/commodities that people thought to be fully valued when they were significantly under valued. SO if I may add another phrase to your pearl of wisdom it means the same thing but is put in a slightly different fashion.
" Markets are never wrong Opinions are"
- Jesse Livermore
To read about the world's greatest investors click on this link
http://www.theequitydesk.com/globe_troting_macro_players.asp
To read Jesse Livermore 13 commandments click here
http://www.theequitydesk.com/thirteen_commandments.asp
|
|
'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
|
|
IP Logged |
|
|
|
BubbleVision
Senior Member
Joined: 05/Aug/2006
Location: India
Online Status: Offline
Posts: 3142
|
Posted: 07/Aug/2006 at 8:09pm |
Hi
This is the exact line of thought i had expected from your books of wizdom. Livermore has been a lifetime Fav of me so has been Ed Seykota, Jim Rogers and Mark Faber.... Rakesh Jhunjhunwala & Ramesh Damani.. all because of their unique perspective on the markets and also life. Ed Seykota is the most unique as his perspective on markets are particularly unique. After all he believes "Everybody gets what they want". i suscribe to him but only as far as markets are concerned.
Anyway a great reply from you and that is what this forum is for. Discussing perspectives and helping each other becomming better.
Edited by basant - 08/Aug/2006 at 8:27pm
|
|
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!
|
|
IP Logged |
|
|
|
basant
Admin Group
Joined: 01/Jan/2006
Location: India
Online Status: Offline
Posts: 18403
|
Posted: 07/Aug/2006 at 8:21pm |
You would love reading these two quotes of Ed Seykota:
"Fundamentals that you read about are typically useless as the market has already discounted the price, and I call them " Funny - Mentals". How ever, if you catch on early before others believe, then you might have valuable (surprise-a-mentals)".
“Having a quote machine is like having a slot machine on your desk - you end up feeding it all day long. I get my price data after the close each day".
Edited by basant - 07/Aug/2006 at 8:30pm
|
|
'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
|
|
IP Logged |
|
|
|
BubbleVision
Senior Member
Joined: 05/Aug/2006
Location: India
Online Status: Offline
Posts: 3142
|
Posted: 07/Aug/2006 at 8:30pm |
Some more from Seykota's book of wizdom
In trading and in life you cant act in the past or in the future. You can only act in the momment of NOW
You cant make money if you re unwilling to lose.. It is like breathing in without willing to breathe out..
I will post more from Seykota in a couple of days.
|
|
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!
|
|
IP Logged |
|
|
|
BubbleVision
Senior Member
Joined: 05/Aug/2006
Location: India
Online Status: Offline
Posts: 3142
|
Posted: 08/Aug/2006 at 6:53pm |
Seykota Uses Trend Following method of trading in the markets and he computerises every system that he follows. His web url is www.tradingtribe.com
|
|
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!
|
|
IP Logged |
|
|
|
BubbleVision
Senior Member
Joined: 05/Aug/2006
Location: India
Online Status: Offline
Posts: 3142
|
Posted: 08/Aug/2006 at 6:57pm |
Mr Basant,
Can i post an external link on the global economies page.. and also why have u changed Ramesh Damani with Rakesh Jhunjhunwala in one of my earlier post?
Can we post external link on the forum at all?
|
|
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!
|
|
IP Logged |
|
|
|
basant
Admin Group
Joined: 01/Jan/2006
Location: India
Online Status: Offline
Posts: 18403
|
Posted: 08/Aug/2006 at 7:25pm |
|
Yes Do post it and sorry about that you ahd written Rakesh Damani so I was not sure which one you meant. WOuld change it in a moment.
|
|
'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
|
|
IP Logged |
|
|
|
Active Topics
Memberlist
Calendar
Search
Help
Register
Login
