100 100’s : What does it mean ??

A hundred tons spun over 23 years of cricketing life. What does it mean to him.. ? What does it mean to us.. ? A lot ?? yeah.. its  a lot for everyone of us.

When boys of his age were playing off the field and having fun times with their friends, this 16 year old kid took up a nation’s hopes as his responsibility and he has been carrying till today. In the journey thereafter, Sachin Ramesh Tendulkar has amassed so many runs that his contemporaries might never even think about.. has crossed many a milestones, set many. The stats and records do speak of his greatness.

So, what is so special about this 100. For me, There is nothing really special about this 100. Critics may say that the milestone was carved on a weaker team, on a subcontinent pitch and he failed continuously over the past one year trying to cross the three figure mark. But, It must be noted that he is not the only one who failed during this course. Its everyone. Then why blame sachin.. ?? It is because we expect him to conquer the ground every time he sets his foot onto it. So, the critics expect a lot and when they don’t get what they wanted, they expect him to retire ?? Funny.

For me, This man, Sachin Tendulkar is an idol.. inspiration.. role model. After reaching the three figure mark, the message he left to the country and the youth that adore him – “Do not stop Chasing your Dreams – One day you might reach them”. What else is to be said about this man’s greatness after listening to this.

Yes, the critics may be right. Its always good that someone retire when they are on the top of the game to command respect for the rest of their life. But, Sachin has given a new definition to that form of exit.

Retiring at the top of your game, when you are still capable of doing something to your nation is a selfish motive. I agree with the master. Serve your country as long as you can and quit when you know that you are not able to keep up that duty anymore. And, there is nobody better than you who know when you can quit. So, critics.., keep bashing him.. and every time you do, he responds with his bat.. as he did every time. This 100th 100 in his career means nothing to me. It means nothing to him either. Just another feather in the cap.

Sachin – I respect you for serving me, your admirers, your critics, the nation of a billion people, the game of cricket this long and still carrying the same enthusiasm everyday of your life. You will be remembered by the people till the game cricket flourishes. 

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What it takes to become a successful Trader

 

After getting to know what is trading and what all are involved in it, I guess I have developed a little insight into knowing what it takes to be a successful trader. There are some things that should not be ignored by traders even who are on the top of the ladder.

1. Trading is not a “Get Rick Quick Scheme”

Well.. Many of us have so many perceptions about traders. They make a lot of money, they get rich overnight when going with the flow of the market, it is easy to make money out of the market etc. But, let me tell you.. from a study long long ago, it says that only 20% of the traders emerge as winners and other 80% lose their money. So, it proves logical.. these 20% people make profits out of the losses of other 80% people. So, why do most of the traders lose and only a handful win ? explained below.

2. Discipline is most important characteristic of a successful trader.

Discipline .. one such characteristic that is not present in us. well.. to say, in most of us. Do not trade the money you cant afford to lose. Set a limit on daily losses you can bear and also a limit on daily profits you want to acquire. Sounds weird .. ? but it is nt. Setting a limit on profits will not make you greedy. It will also save you from drastic changes in the market. Once you reach your profit level and sell your stock, then there is no need to regret if the price goes a little above and falls down rapidly before you can notice.

3. Protecting your Capital is the greatest profit

Yes. The first objective of any freshman trader is to protect his capital. Generation of profits is a later part of the game but preserving the existing capital is more important. You need to have some money with you if you are hoping for profits tomorrow. Do not lose your capital expecting huge gains in a particular day.

4. Quit when its right to quit.

I have observed on so many forums, where people stick on to a particular trade even if its declining with just hopes of it getting back into the game. Please open your eyes. Minimize your losses when you know that you are losing. Its not wise to bet on a limping horse.

5. Let the system play, not your emotions

This is more important point one should always remember. Do not play the market by your instincts or emotions. Develop a system for yourself.. make a strategy, stick to it no matter what happens. You can feel the wonder of the system over a long run when your profit days are much more than losing days. So, Its always important to develop a strategy, stick to it, make money. Do not let your emotions such as fear, greed takeover your decisions. If you really think that you are moving away from your system, then stay out of the market for some period.. may be a week or two. Then, get back into the game.

This is for now.. basics of trading. Keep hooked for more. The next posts will focus on technical aspects, improving a strategy and how to start and stop trading. Add your comments if you have any.

 

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Its never too late to invest

Warren Buffet, one of the greatest market leaders of his time and also the near future. As Buffet says, it is never too late to invest money in the market, whatever may be the size of your investment. Off late, I have been thinking about stepping into the market, but there are many things that pulled me back.. experiences of my friends losing money, looking at many stories that focus only on the losers in the market etc..,

Well.., I have now decided to break the shackles and pull my socks to step up in the market, I guess it will be more beneficial If I really keep track of things that will happen from Day 1. Exposing them here would help me grab suggestions from many of you, who follow me.

Some of the Quotes of the legend Warren Buffet for a good financial investment for you guys--

Spending: If you buy things you don't need, you'll soon sell things you need.

Savings: Don't save what is left after spending; spend what is left after saving.

Hard work: All hard work brings profit; but mere talk leads only to poverty.

Laziness: A sleeping lobster is carried away by the water current.

Earnings: Never depend on a single source of income.

Borrowings: The borrower becomes the lender's slave.

Accounting: It's no use carrying an umbrella, if your shoes are leaking.

Auditing: Beware of little expenses; a small leak can sink a large ship.

Risk-taking: Never test the depth of the river with both feet.

Investment: Don't put all your eggs in one basket.

Everyday from today, I would go deep into each quote of him and try to find a story matching his quote which would enlighten all of us and help us for a better financial future. Come back for more ..

P.S: There is a good book for all of you beginner traders to learn how to control urself and control your losses and increase your profits. It is “The Disciplined Trader – Developing Winning Attitudes” by Mark Douglas. Do read it when you get time.

Source: Google.

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IPL : Is it Fighting for survival ?

An year ago, IPL’s glorious downfall has started (at least I guess so). When India won the world cup after 28 years and became the kings of the game, Cricket over flowed and IPL’s glory diminished. Well.. I thought its time for IPL to step down from the top spot in terms of entertaining people of India. I expected BCCI to give it a break because people are tired after watching a 2 month long world cup.But within a week, the IPL began; ironically, its blue riband event revealed the first signs of ennui; nobody realized it was also the beginning of the end of the love story. Stadiums looked like dead towns and there was no scramble by advertisers either; the BCCI mandarins didn't care.

A couple of months later, India landed in England to battle for the Test championship; expectations were high and the Indian team was supposed to vanquish the hosts and reaffirm its Number One credentials. But then, one after the other, the players started crumbling to injuries.

That was the second warning sign: India were indulging in way too much cricket and the absence of proper injury management forcefully came to the fore. The furore back home ensured that for the next tour the team was better prepared, with only fully-fit players being shipped.

Even that didn't help: India lost 0-4 yet again to show that the situation had gone beyond salvage. Not too surprisingly, around the same time, the Board started taking decisions that, in polite terms, can only be called baffling. Instead of working along with its partners and allies it was cutting them off disdainfully; only now it may realize that it was cutting its own nose to spite the face.

Team Kochi had always been a bugbear, as it came from nowhere to clinch the tenth IPL team; the fact that it wrangled within itself and didn't bring any glamour when the tournament commenced only made things worse. But the BCCI was swift in terminating it over a delay in payments.

As if that was not enough, one fine morning, it ended its telecast rights deal with Nimbus too. It was effected smartly, just after all the home series had ended; the Ranji championship was reaching its final stages but who really cares for it?

Nimbus' style of functioning, especially its phenomenal rise, has been a case of wonderment for many; it often looked like it was stretching beyond its means but it had somehow always survived. The end over a delay in payments, with even its bank guarantee under threat, sent a shiver down other its other partners.

The final nail, however, was the exit of Sahara from not only the IPL but also team sponsorship. The board had shared a long and fruitful relationship with this parivar and it's surprising that it couldn't amicably resolve its reasonable demands.

Pune Warriors had spent a major portion of their kitty on Yuvraj Singh; it was only natural for them to seek some relief going into the auction due to his illness.

Somehow the perception has been growing that all decisions are not fair in the IPL. A few teams have always benefited at the cost of others. This is by far the biggest blow to the IPL and Team India. It's unlikely that a similar amount can be recouped, either from a new team or a new sponsor, especially in the current environment.

Players of two outfits have been left in the lurch; they have started grumbling. Many boards have been doing that for a long time. The BCCI has left too many people unhappy: if it doesn't clean up its act soon, its billion-dollar baby is going to blow up on its face.

Source: Google, Times of India, The Hindu.

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