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Offline invincible

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« Reply #-1 on: November 28, 2010, 07:03:48 PM »
12 Techniques for Day Trading

Anyone can become a day trader but not everyone can make money out of it. Day trading is suitable for only those who wish to speculate on the stock market. Generally day traders say that day trading not only gives you the opportunity to make money, but also to lose. No matter whether you are a full time employee or part time employee, you can trade in stocks and enjoy the benefit. Stock market provides you an opportunity to use your knowledge of every-day events and convert them into profits.

12 Techniques for Day Trading
Following techniques will help you to become a successful intraday trader. Following the techniques are more important than understanding it.

•Fix a target price
•Wait for the buy/sell price to initiate the call
•Always fix Stop Loss
•Take expert Advice
•Analyze the tips carefully
•Wait, Watch and Trade
•Don't Overtrade
•Always follow Market trend
•Wait for an opportunity
•Don’t expect too much
•Confirm the buying & selling volumes
•Don’t get Panic

Fix a target price:-
Always fix a target price while trading. If you don’t have a target price, the greediness will make you to lose the entire capital in the stock market. Stock market is such a place it can fluctuate to any level. A fair increase in the price of a particular stock may give you a feel that the price will increase further but in the very next moment it may fall down drastically.

For example; Buy Siemens at Rs.500, target Rs. 530 and stop loss is Rs. 495.
In this case you have to buy Siemens stock at Rs. 500 and sell it when it touches Rs.530 so that you can make a profit of Rs. 30. If you hold the share after it achieve the target, there is a possibility that the stock price may come dawn drastically after touching a certain limit. In this case you will lose all your profit and capital because of greediness. So fixing a target price is very important for traders.

Wait for the buy/sell price to initiate the call:-
Before trading in stock market you should fix the buy price and sell price. You should
execute the trade only if the stock touches that particular level. For example, if the call is like, buy Unitech at Rs.80 target Rs. 85 and stop loss at Rs. 78. You should not buy below this price; only buy at Rs.80 or slightly higher. Because the given buy price may be the resistance price, if it breaks then share price goes up or else it may not go up. So always buy at given target price.

Always fix a Stop Loss
It is very important to maintain a stop loss while trading. This will help you in minimizing the loss in case the stock price is moving is the unfavourable direction. Assume that the share you bought falls down drastically, in this case you may end up with huge loss. But stop loss will help you to restrict your loss to a certain limit.

Take expert Advice
Stock market is a very risky place for a fresher lack of knowledge is very dangerous and it will make you to lose huge money. It is always better to do trading or investing by taking the advice and suggestions of an expert who has proper knowledge about the market.

Analyze the tips carefully
No one is perfect in stock trading; no one can be a master in stock market. So do not blindly trade on the tips given by any one. Before trading observe that stock, check the volume, whether they are increasing or decreasing and then take a decision on your trade.

Wait, Watch and Trade
Do not rush into the market without a proper analysis. Wait, watch and trade. Verify the market direction and place the order because most of the stock-tips do not work if market direction changes. Make sure and confirm all your strategies like resistance and support levels and then plan to trade.

Don't Overtrade
One of the most important things that all traders should keep in mind is that do not over trade. Never put all your money in stock, most of the brokers provide margin amount but it is up to you how to make use of this margin amount. It means if you have Rs.100000 in your demat account, you can trade for more than Rs.100000. But before trading you should have a fair idea about how much you can trade, how much you can afford to lose etc.

Always follow Market trend
Always trade with market trend and don’t move against market direction. Don’t short sell, if the market is going up and don’t buy if the market is falling down. Give more importance to market trends than individual perceptions.

Wait for an opportunity
If you are not sure about market movement then wait for an opportunity and don’t trade vigorously. It is always better to wait instead of losing money.

Don’t expect too much

Greediness will end up in losing all the money. So don’t expect too much from stock market, try to be happy in whatever profit you make. If you try to grab too much from market, the market will grab all your money. Remember that you are doing day trading so square off your positions with appropriate profit instead of waiting for big profit.

Confirm the buying & selling volumes
Before buying a stock check out the buying and selling volumes. If buying volume is increasing then the stock may go up and if the selling volume is increasing the stock price may come down.

Don’t get Panic
Don’t allow sentiments to rule you. If that is the case you are going to lose all your money in the market. During the day market might go up and dawn but don’t change your decisions continuously. Have a clear plan about the day and start trading.
« Last Edit: November 28, 2010, 07:20:16 PM by M&M »


« Reply #-1 on: November 28, 2010, 07:03:48 PM »

Offline M&M

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Re: Articles
« on: November 28, 2010, 07:14:12 PM »
Post useful articles here ..
« Last Edit: November 28, 2010, 07:20:28 PM by M&M »
"The only true wisdom is in knowing you know nothing." - Socrates

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Re: Articles
« Reply #1 on: December 24, 2010, 12:00:46 PM »
14 Symptoms of Stock Trading AddictionAugust 24th, 2009 | Financial Markets, trader advice
Thanks to cheap trading commissions and the possibility for immediate realized gains, trading stocks can be a very addicting process. At the same time, when your money is on the line, things can always get pretty stressful. While it might not be considered a bad quality if you are consistently making money, many researchers have compared stock trading addiction to your ordinary gambling addiction.

Below is a checklist to see if you are addicted to trading stocks
1.You know every stock symbol on the top of your head.
2.You’re not satisfied until you can make a profitable trade to make up for bad trades.
3.You enjoy the challenge of trading over actually making money.
4.You are constantly flustered by the ups and downs of a stock in a given day.
5.You start to make crazy excuses and blame others for your bad trades.
6.You frequent message boards and social networks to try and pump up your stock.
7.You are glued to the Twitter stream to see what traders are actively buying and selling.
8.First thing you do when you get up and last thing before you go to sleep is check your stocks.
9.You find and follow a new stock everyday.
10.You start buying based solely on what somebody says.
11.You bet large portions of your portfolio on a few stocks.
12.You check your account balance every 5 minutes of market hours.
13.You scoff at the trading strategies of other people.
14.You never really actually get better at trading.
How to cure trading addiction
I could add that you trade recklessly, will trading against your morals, and so on, but I think you get the idea by now. In the unfortunate circumstance that you indeed are addicted to stock trading, then are a some steps you can take to cure the addiction.

Take a break. Step away from the market for a couple days, weeks, or months, and just let your mind rest. During this time you should try to avoid specific market news as much as possible.

Keep a journal. Often people who have some sort of addiction jump straight into what they are doing. By keeping track of your trades, thoughts, and ideas, you will be able to clearly see what you are doing and when you should be put in check.

Consolidate your research. There is no need to know every single piece of information and news available for your stock. Create a set strategy, break it down as much as possible, and keep it. The simpler your strategy, the easier it will be to abide by.

Call it a day on bad trades. The next time you lose money in a trade, call it day. Go do something else, and live to trade another day. Eventually you will work your way into avoiding trying to make up for bad trades.


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Re: Articles
« Reply #2 on: January 03, 2011, 10:22:01 AM »
If you're here, you want to know what all of the texting shorthand means. What is the meaning of LMAO, LOL, rofl, fdl, lmfao, lmbo, ttyl, ttfn, etc? What are the meanings of the really obscure ones, including ones you haven't even heard before?

You see these in text messaging, mass text messaging, commercials, online, etc. Even in text message advertising, you see it now. You ever wonder what any of this means? So do a lot of people, I bet. For young folks, the meaning of these words practically comes second-hand by now. But not everyone knows what all of these words means. Do your parents know what these mean? Does your sms provider even know what half of these mean? Parents whose children own cell phones, do you know what most of these mean?

If you answered 'no' to this, then that is why I wrote this. You might even start using them in your texting or IMing or Facebook posting lives. If you own a Blackberry, o2, Treo or other new smartphone with a full keyboard, you might use them less, but if you have a non-pda flip phone, they do tend to save a lot of time. Don't overuse them, though, or even you might lose the ability to understand yourself. You can even use them via Fido text message and Fido SMS.

This is a list that will tell you way more than you need to know about texting shorthand. Read on...

@TEOTD - At The End Of The Day
14AA41 - One for All and All for One
2B or not 2B - To Be Or Not To Be
2NITE - Tonight
411 - it means: info
4ever - Forever
86 - Out Of or Over
A/S/L - Age/Sex/Location
AAAAA - American Association Against Acronym Abuse
AAF - As A Friend
AAK - Asleep At Keyboard
AAMOF - As A Matter Of Fact
AAMOI - As A Matter Of Interest
AAR - At Any Rate
AAR8 - At Any Rate
AAS - Alive And Smiling
AATK - Always At The Keyboard
AAYF - As Always, Your Friend
AB - *** Backwards
ABITHIWTIDB - A bird In The Hand Is Worth Two In The Bush
ABT2 - About To
ACD - Alt Control Delete
ACE - Access Control Entry
ACK - Acknowledgement
ADAD - Another Day Another Dollar
ADBB - All Done Bye Bye
ADIH - Another Day In Hell
ADIP - Another Day In Paradise
ADR - Address
AEAP - As Early As Possible
AFAGAY - A Friend As Good As You
AFAHMASP - A Fool And His Money Are Soon Parted
AFAIC - As Far As I'm Concerned
AFAICS - As Far As I Can See
AFAICT - As far As I can Tell
AFAIK - As Far As I Know
AFAIU - As Far As I Understand
AFAIUI - As Far As I Understand It
AFAP - As Far As Possible
AFAYC - As Far As You're Concerned
AFC - Away From Computer
AFDN - Any F***ing Day Now
AFIAA - As Far As I Am Aware
AFINIAFI - A Friend In Need Is A Friend Indeed
AFK - Away From Keyboard
AFZ - Acronym free zone
AGKWE - And God Knows What Else
AIAMU - And I'm A Monkey's Uncle
AIH - As It Happens
AIMB - As I Mentioned Before
AIMP - Always In My Prayers
AISE - As I Said Earlier
AISI - As I See It
AKA or a.k.a. - Also Known As
ALAP - As Late As Possible
ALOL - Actually Laughing Out Loud
ALTG - Act Locally, Think Globally
AMAP - As Many As Possible
AMBW - All My Best Wishes
AML - All My Love
AND - Any day now
ANFAWFOWS - And Now For A Word Word From Our Web Sponsor
ANFSCD - And Now For Something Completely Different
AOAS - All Of A Sudden
AOB - Abuse Of Bandwidth
AP - Apple Pie
ASAFP - As Soon As "Friggin" Possible
ASAP - As Soon As Possible
ASL - Age/Sex/Location
ASLMH - Age/Sex/Location/Music/Hobbies
ATST - At The Same Time
ATW - All the Web or Around the Web
AWGTHTGTTA - Are We Going To Have To Go Through This Again
AWGTHTGTTSA - Are We Going To Have To Go Through This Sh** Again
AWOL - Absent Without Leave
AYK - As You Know
AYSOS - Are You Stupid Or Something
AYTMTB - And You're Telling Me This Because?
B/C - Because
B4 - Before
B4N - Bye For Now
B4U - Before You
B4YKI - Before You Know It
BAG - Bursting A Gut
BAK - Back At my Keyboard
BAU - Business As Usual
BB4N - Bye-Bye for Now
BBBG - Bye Bye Be Good
BBFBBM - Body By Fisher, Brains By Mattel
BBFN - Bye-Bye for Now
BBIAB - Be Back In A Bit
BBIAF - Be Back In A Few
BBIAS - Be Back In A Sec
BBIAW - Be Back In A While
BBL - Be Back Later
BBN - Bye Bye Now
BBSD - Be Back Soon Darling
BBSL - Be Back Sooner or Later
BBT - Be Back Tomorrow
BCBS - Big Company, Big School
BCNU - Be Seein' You
BCOZ - Because
BD - Big Deal
BDC - Big Dumb Company or Big Dot Com
BDN - Big Damn Number
BEOS - Nudge
BFD - Big F***ing Deal
BFF - Best Friends Forever
BFN - Bye For Now
BHAG - Big Hairy Audacious Goal
BHOF - Bald Headed Old Fart
BIF - Basis In Fact or Before I Forget
BIOYN - Blow it Out Your Nose
BITD - Back In The Day
BKA - Better Known As
BM - Byte Me
BMOTA - Byte Me On The ***
BNF - Big Name Fan
BOHICA - Bend Over Here It Comes Again
BR - Bathroom
BRB - Be Right Back
BRT - Be Right There
BS - Big Smile
BSF - But Seriously, Folks
BT - Byte This
BTA - But Then Again or Before The Attacks
BTDT - Been There Done That
BTDTGTS - Been There, Done That, Got The T-shirt
BTHOOM - Beats The Heck Out Of Me
BTSOOM - Beats The Sh** Out Of Me
BTW - By The Way
BTWBO - Be There With Bells On
BW - Best Wishes
BWDIK - But What Do I Know?
BWO - Black, White or Other
BYKT - But you Knew That
C/P - Cross Post
CB - Chat brat
CFV - Call For Vote
CIAO - Goodbye (in Italian)
CID - Consider It Done
CIS - CompuServe Information Service
CMF - Count My Fingers
CMIW - Correct Me if I'm Wrong
COB - Close Of Business
CofS - Church of Scientology
C-P - Sleepy
CRAFT - Can't Remember A F***ing Thing
CRAP - Cheap Redundant Assorted Products
CRAT - Can't Remember A Thing
CRAWS - Can't Remember Anything Worth A Sh**
CRTLA - Can't Remember the Three-Letter Acronym
CSL - Can't Stop Laughing
C-T - City
CTA - Call To Action
CTC - Choking The Chicken
CU - See You
CUL - See You Later
CUL8ER - See You Later
CUL8R - See You Later
CUNS - See You In School!
CWYL - Chat With You Later
CY - Calm Yourself
CYA - Cover Your ***
CYL - See You Later
CYT - See You Tomorrow
DARFC - Ducking And Running For Cover
DBEYR - Don't Believe Everything You Read
DD - Due Diligence
DDD - Direct Distance Dial
DETI - Don't Even Think It
DF - Dear Friend
DGA - Don't Go Anywhere
DGT - Don't Go There
DH - Dear Hubby or Husband
DHYB - Don't Hold Your Breath
DIKU - Do I Know You
DILLIGAD - Do I Look Like I Give A Damn
DILLIGAS - Do I Look Like I Give A Sh**
DIY - Do It Yourself
DKDC - Don't Know Don't Care
DL - Download
DLTM - Don't Lie To Me
DMI - Don't Mention It
DNC - Does Not Compute
DQYDJ - Don't Quit Your Day Job
DRIB - Don't Read If Busy
DUST - Did You See That?
DWYM - Does What You Mean
DYFM - Dude You Fascinate Me
DYJHIW - Don't You Just Hate it When...
DYOFDW - Do Your Own F***ing Dirty Work
DYSTSOTT - Did You See The Size Of That Thing
E123 - Easy as One, Two, Three
EAK - Eating at Keyboard
EG - Evil Grin
EL - Evil Laugh
EM? - Excuse Me?
EOD - End Of Day
EOM - End Of Message
ESO - Equipment Smarter than Operator
EULA - End-User License Agreement
EWI - E-mailing While Intoxicated
EZ - Easy
F2F - Face-to-Face
FAB - Features Attributes Benefits
FAQL - Frequently Asked Questions List
FAWC - For Anyone Who Cares
FBKS - Failure Between Keyboard and Seat
FE - Fatal Error
FF - Friends Forever
FF&PN - Fresh Fields and Pastures New
FISH - First in, Still Here
FITB - Fill in the Blanks
FO - F*** Off
FOAF - Friend Of A Friend
FOC - Free of Charge
FOFL - Falling on Floor Laughing
FRED - F***ing Ridiculous Electronic Device
FS - Fido SMS
FTASB - Faster Than A Speeding Bullet
FTL - Faster Than Light
FTM - Fido Text Message
FTTB - For The Time Being
FUBAR - F***ed Up Beyond All Recognition
FUBB - F***ed Up Beyond Belief
FUD - Fear, Uncertainty, and Disinformation
FUM - F***ed Up Mess
FWD - Forward
FWIW - For What It's Worth
FYA - For Your Amusement
FYI - For Your Information
FYIFV - F*** You I'm Fully Vested
FYM - For Your Misinformation
GA - Go Ahead
GAL - Get A Life
GALGAL - Give A Little Get A Little
GBH - Great Big Hug
GD&R - Grinning, Ducking and Running
GG - Good Game (or) Gotta Go
GGN - Gotta Go Now
GIGO - Garbage In, Garbage Out
GIWIST - Gee, I Wish I'd Said That
GL - Good Luck
GLYASDI - God Loves You And So Do I
GMTA - Great Minds Think Alike
GMTFT - Great Minds Think For Themselves
GNBLFY - Got Nothing But Love For You
GOK - God Only Knows
GR&D - Grinning Running And Ducking
GR8 - Great
GRRRR - it means Growling
GSOAS - Go Sit On A Snake
GTG - Got To Go
GTGB - Got To Go, Bye
GTGP - Got To Go Pee
GTH - Go To Hell
GTSY - Glad To See Ya
GYPO - Get Your Pants Off
HAGD - Have a Great Day
HAGO - Have A Good One
HAK - Hugs And Kisses
HAND - Have a Nice Day
HB - Hurry Back
HD - Hold
HF - Hello, Friend
HHO1/2K - Ha Ha, Only Half Kidding
HHOJ - Ha-Ha, Only Joking
HHOK - Ha Ha, Only Kidding
HHOS - Ha-Ha, Only Being Serious
HHTYAY - Happy Holidays To You And Yours
HIH - Hope It Helps
HIOOC - Help! I'm Out Of Coffee
HOHA - HOllywood HAcker
HTH - Hope This (or That) Helps
HUA - Heads Up Ace
HUGZ - Hugs
HUYA - Head Up Your A**
I 1-D-R - I Wonder
IAC - In Any Case
IAC - In Any Case
IAE - In Any Event
IAITS - It's All In The Subject
IANAC - I Am Not A Crook
IANAE - I Am Not an Expert
IANAL - I Am Not A Lawyer
IAT - I Am Tired
IBRB - I Will Be Right Back
IBT - In Between Technology
IBTD - I Beg To Differ
IC - In Character
ICBW - I Could Be Wrong
ID10T - Idiot
IDGAF - I Don't Give A F***
IDGI - I Don't Get It
IDK - I Don't Know
IDKY - I Don't Know You
I-D-L - Ideal
IDM - It Does Not Matter
IDST - I Didn't Say That
IDTS - I Don't Think So
IEF - It's Esther's Fault
IFAB - I Found A Bug
IFU - I F***ed Up
IGGP - I Gotta Go Pee
IGTP - I Get The Point
IHAIM - I Have Another Instant Message
IHNO - I Have No Opinion
IHTFP - I Have Truly Found Paradise or I Hate This F***ing Place
IIIO - Intel Inside, Idiot Outside
IIMAD - If It Makes An(y) Difference
IIR - If I Remember or If I Recall
IIRC - If I Remember Correctly or If I Recall Correctly
IIWM - If It Were Me
ILICISCOMK - I Laughed, I Cried, I Spat/Spilt Coffee/Crumbs/Coke On My Keyboard
ILU - I Love You
ILY - I Love You
IM - Instant Messaging
IMHO - In My Humble Opinion
IMNSHO - In My Not So Humble Opinion
IMO - In My Opinion
IMS - I Am Sorry
INMP - It's Not My Problem
INNW - If Not Now, When
INPO - In No Particular Order
IOH - I'm Outta Here
IOW - In Other Words
IRL - In Real Life
ISS - I Said So
ISTM - It Seems to Me
ISTR - I Seem To Remember
ISWYM - I See What You Mean
ITM - In The Money
IUM - If You Must
IYKWIM - If You Know What I Mean
IYKWIMAITYD - If You Know What I Mean And I Think You Do
IYO - In Your Opinion
IYSS - If You Say So
IYSWIM - If You See What I Mean
J/C - Just Checking
J/K - Just Kidding!
J/W - Just Wondering
JAD - Just Another day
JAFO - Just Another F***ing Onlooker
JAM - Just a Minute
JK - Just Kidding
JM2C - Just My 2 Cents
JOOTT - Just One Of Those Things
JT - Just Teasing
K - Okay or All Right
KBD - Keyboard
KEWL - Cool
KFY - Kiss For You
KIR - Keep It Real
KISS - Keep It Simple Stupid
KIT - Keep In Touch
KMA - Kiss My ***
KMRIA - Kiss My Royal Irish Arse
KOK - Knock
KOTC - Kiss On The Cheek
KOTL - Kiss On The Lips
KPC - Keeping Parents Clueless
KWIM - Know What I Mean
KYPO - Keep Your Pants On
L8R - Later
LAQ - Lame *** Quote
LD - Long Distance
LDTTWA - Let's Do The Time Warp Again
LIFO - Last In First Out
LLTA - Lots And Lots Of Thunderous Applause
LMAO - Laughing My *** Off
LMK - Let Me Know
LOL - Laughing Out Loud -or- Lots of Luck (or Love)
LOLA - Laugh Out Loud Again
LOOL - Laughing Outragously Out Loud
LOPSOD - Long On Promises, Short On Delivery
LRF - Little Rubber Feet
LSV - Language, Sex, Violence
LTIC - Laughing 'Til I Cry
LTNS - Long Time No See
LWR - Launch When Ready
LYL - Love Ya Lots
LYLAB - Love You Like a Brother
LYLAS - Love You Like A Sister
M8 or M8s - Mate or Mates
MA - Mature Audience
MFD - Multi-Function Device
MfG - Mit freundlichen Gruessen
MHBFY - My Heart Bleeds For You
MHOTY - My Hat's Off To You
MIHAP - May I Have Your Attention Please
MILF - Mother I'd Like to F***
MKOP - My Kind Of Place
MM - Market Maker
MMHA2U - My Most Humble Apologies To You
MOMPL - One Moment Please
MOO - Mud, Object-Oriented
MOOS - Member Of The Opposite Sex
MorF - Male or Female?
MOSS - Member Of The Same Sex
MOTAS - Member Of The Appropriate Sex
MOTD - Message Of The Day
MOTSS - Members Of The Same Sex
MSG - Message
MTBF - Mean Time Between Failure
MTFBWY - May The Force Be With You
MUBAR - Messed up Beyond All Recognition
MWBRL - More Will Be Revealed Later
MYOB - Mind Your Own Business
N/A - Not Applicable -or- Not Affiliated
N/T - No Text
N1 - Nice One
N2M - Not To Mention
NAK - Nursing At Keyboard
NALOPKT - Not A Lot of People Know That
N-A-Y-L - In A While
NAZ - Name, Address, Zip (also means Nasdaq)
NBD - No Big Deal
NBIF - No Basis In Fact
NCG - New College Graduate
N-E-1 - Anyone
N-E-1 ER - Anyone Here?
NFI - No F***ing Idea
NFW - No F***ing Way
NG - New Game
NIFOC - Nude In Front Of The Computer
NIM - No Internal Message
NIMBY - Not In My Back Yard
NIMQ - Not In My Queue
NM - Never Mind or Nothing Much
NMP - Not My Problem
NOYB - None Of Your Business
NP - No Problem
NQOCD - Not Quite Our Class Dear
NRG - Energy
NRN - No Reply Necessary
NSFW - Not Safe For Work
NTK - Nice To Know
NTYMI - Now That You Mention It
NUFF - Enough Said
NW - No Way!
NYCFS - New York City Finger Saluet
OAUS - On An Unrelated Subject
OBTW - Oh By The Way
OEM - Original Equipment Manufacturer
OIC - Oh, I see
OK - All Correct
OLL - On-Line Love
OMDB - Over My Dead Body
OMG - Oh My Gosh
OMIK - Open Mouth, Insert Keyboard
ONNA - Oh No, Not Again
ONNTA - Oh No, Not This Again
OOC - Out Of Character
OOF - Out Of Facility
OOI - Out Of Interest
OOO - Out Of Office
OOTB - Out Of The Box -or- Out Of The Blue
OOTC - Obligatory On Topic Comment
OS - Operating System
OT - Off Topic
OTOH - On the Other Hand
OTP - On the Phone
OTT - Over the Top
OTTOMH - Off the Top of my Head
OUSU - Oh, You Shut Up
OWTTE - Or Words To That Effect
OZ - stands for: Australia
P&C - Private and Confidential
PANS - Pretty Awesome New Stuff
PD - Public Domain
PDOMA - Pulled Directly Out Of My ***
PDQ - Pretty Darn Quick
PEBCAK - Problem Exists Between Chair And Keyboard
PHAT – Pretty hot and tempting
PIMP - Peeing In My Pants
PITA - Pain In The ***
PLS - Please
PM - Personal Message
PMFJI - Pardon Me For Jumping In
PMIGBOM - Put Mind In Gear Before Opening Mouth
PMJI - Pardon My Jumping In
PO - Piss Off
PONA - Person Of No Account
POOF - Good-bye
POS - Parent Over Shoulder
POV - Point of View
PS - Post Script
PU - That Stinks
P-ZA - Pizza
QL - Quit Laughing!
QS - Quit Scrolling
QT - Cutie
R&D - Research & Development
R&R - Rest & Relaxation
RAT - Remote(ly) Activated Trojan
RBAY - Right Back At Ya
RBTL - Read Between The Lines
RE - Regards or Hello Again
RFD - Request For Discussion
RFR - Really F*#king Rich
RFS - Really F*#king Soon
RKBA - Right to Keep and Bear Arms
RL - Real Life
RLF - Real Life Friend
RMLB - Read My Lips Baby
RMMM - Read My Mail Man!
RN - Right Now!
ROFL - Rolling on the Floor Laughing
ROTFL - Rolling On The Floor Laughing
ROTFLMAO - Rolling On The Floor Laughing My *** Off
ROTFLOL - Rolling On The Floor Laughing Out Loud
ROTM - Right On The Money
RSN - Real Soon Now
RTBS - Reason To Be Single
RTFAQ - Read the FAQ File
RTFM - Read The F***ing Manual
RTK - Return To Keyboard
RTM or RTFM - Read The Manual - or - Read The F*#king Manual
RU - Are You?
RUMORF - Are You Male Or Female
RUOK - Are you Okay?
RUUP4IT - Are You Up For It
RX - Regards
RYO - Roll Your Own
S2R - Send To Receive
S4L - Spam For Life
SBTA - Sorry, Being Thick Again
SBUG - Small Bald Unaudacious Goal
SCNR - Sorry, Could Not Resist
SED - Said Enough Darling
SEP - Somebody Else's Problem
SF - Surfer Friendly or Science Fiction
SFAIAA - So Far As I Am Aware
SFETE - Smiling From Ear To Ear
SFX - Sound Effects
SH - Sh** Happens
SITCOMs - Single Income, Two Children, Oppressive Mortgage
SITD - Still In The Dark
SLIRK - Smart Little Rich Kid
SMAIM - Send Me An Instant Message
SME - Subject Matter Expert
SMEM - Send Me E-Mail
SNAFU - Situation Normal, All F***ed Up
SNAG - Sensitive New Age Guy
SNERT - Snotty Nosed Egotistical Rotten Teenager
SO - Significant Other (ie., spouse, boy/girlfriend)
SOHF - Sense Of Humor Failure
SOL - Sh** Out of Luck
SOP - Standard Operating Procedure
SorG - Straight or Gay?
SRO - Standing Room Only
SSDD - Same Sh** Different Day
SSEWBA - Someday Soon, Everything Will Be Acronyms
STFU - Shut The F*** Up
STM - Spank The Monkey
STR8 - Straight
STYS - Speak To You Soon
SUYF - Shut Up You Fool
SWAG - Scientific Wild *** Guess -and- SoftWare And Giveaways
SWAK - Sent (or Sealed) With A Kiss
SWALK - Sealed With A Loving Kiss
SWDYT - So What Do You Think?
SYS - See You Soon
TAFN - That Is All for Now
TAH - Take A Hike
TANSTAAFL - There Ain't No Such Thing As A Free Lunch
TARFU - Things Are Really F***ed Up
TAS - Taking A Shower
TBA - To Be Advised
TBC - To Be Continued
TCB - The Trouble Came Back!
TDM - Too Darn Many
TDTM - Talk Dirty To Me
TEOTWAWKI - The End Of The World As We Know It
TFDS - That is For Darn Sure
TFH - Thread From Hell
TFN - Thanks For Nothing -or- Til Further Notice
TFX - Traffic
TGIF - Thank God It's Friday
THX or TX or THKS - Thanks
TIA - Thanks In Advance
TIAIL - Think I Am In Love
TIC - Tongue In Cheek
TK - To Come
TLA - Three Letter Acronym
TLGO - The List Goes On
TLK-2-U-L-8-R - Talk to You Later
TM - Trust Me
TMI - Too Much Information
TMTOWTDI - There's More Than One Way To Do It
TNA - Temporarily Not Available
TNC - Tongue In Cheek
TNX - Thanks
TOM - Tomorrow
TOT - Tons of Time
TP - Team Player
TPC - The Phone Company
TPTB - The Powers That Be
TSR - Totally Stuck in RAM
TTFN - Ta Ta For Now
TTG - Time to Go
TTS - Text to Speech
TTT - That's The Ticket -or- To The Top
TTUL - Talk to You Later
TTYL - Talk To You Later
TVN - Thank You Very Much
TWHAB - This Won't Hurt A Bit
TWIMC - To Whom it may Concern
TWIWI - That Was Interesting, Wasn't It?
TXS - Thanks
TY - Thank You
TYVM - Thank You Very Much
U - You
U2 - You Too?
U-L - You Will
unPC - unPolitically Correct
UPOD - Under Promise Over Deliver
U-R - You Are
U-R W-S - You Are Wise
URYY4M - You Are Too Wise For Me
VBG - Very Big Grin
VBS - Very Big Smile
VC - Venture Capital
VEG - Very Evil Grin
VFM - Value For Money
VM - Voice Mail
VRBS - Virtual Reality Bull Sh*t
VSF - Very Sad Face
W/O - Without
WAD - Without A Doubt
WAG - Wild *** Guess
WAI - What An Idiot
WAMBAM - Web Application Meets Brick And Mortar
WB - Welcome Back or Write Back
WBS - Write Back Soon
WC - Who Cares?
WCA - Who Cares Anyway
WDYS - What Did You Say?
WDYT - What Do You Think?
WE - Whatever
WEG - Wicked Evil Grin
WF - Way Fun
WFM - Works For Me
WG - Wicked Grin
WGAFF - Who Gives A Flying F***
WIIFM - What's In It For Me?
WISP - Winning Is So Pleasureable
WIT - Wordsmith In Training
WITFITS - What in the F*** is this Sh**
WNOHGB - Were No One Has Gone Before
WOG - Wise Old Guy
WOMBAT - Waste Of Money, Brains And Time
WRT - With Regard To or With Respect To
WT - Without Thinking
WTB - Want To Buy
WTF - What The F***
WTG - Way To Go!
WTH - What the Heck
WTSDS - Where The Sun Don't Shine
WTTM - Without Thinking To Much
WU? - What is Up
WUF? - Where are You From?
WWY? - Where Were You?
WX - Weather
WYCM? - Will You Call Me?
WYP - What's Your Problem?
WYRN - What's Your Real Name?
WYS - Whatever You Say
WYSIWYG - What You See Is What You Get
WYSLPG - What You See Looks Pretty Good
WYT - Whatever You Think
WYWH - Wish You Were Here
X-I-10 - Exciting
XME - Excuse Me
XOXO - Hugs and Kisses
YA - Yet Another
YA yaya - Yet Another Ya-Ya (as in yo-yo)
YACC - Yet Another Calendar Company
YAFIYGI - You Asked For It You Got It
YCT - Your Comment To
YDKM - You Don't Know Me
YGBK - You Gotta Be Kiddin'
YHM - You Have Mail
YIC - Yours In Christ
YKW? - You Know What?
YMMV - Your Mileage May Vary
YNK - You Never Know
YOYO - You're On Your Own
YR - Yeah Right
YSYD - Yeah, Sure You Do
YTTT - You Telling The Truth?
YW - You are Welcome
YWIA - You're Welcome In Advance
YYSSW - Yeah Yeah Sure Sure Whatever
ZZZ - Sleeping, Bored, Tired
« Last Edit: March 03, 2011, 08:12:11 AM by Ayub »


  • Guest
Re: Articles
« Reply #3 on: January 07, 2011, 08:37:48 PM »
Almost Unimaginable: Africans And Afghans Will Have Same Income As Today’s Americans By 2050

By Mark Perry on January 6, 2011

The Rational Optimist Matt Ridley asks the question: “With one tenth – well, 11% — of the twenty-first century now consigned to history, what is the verdict so far?”

“According to the IMF, away from Europe and North America, the world was booming this year. Asia has grown by 7.9%, South America by 6.3%, Africa by 5% and the Middle-east and North Africa by 4.1%. China and India, with 40% of the world’s population, achieved roughly 10% growth between them. Moreover, this boom, because it is happening in poor countries, is rapidly reducing both poverty and inequality.
Despite the Great Recession, the per capita GDP of the average human being – that is to say, the value of goods and services that she consumes in a year – is now just over $11,000, up from about $8,500 (in today’s dollars) at the start of the century. If it continues to increase at this rate of just under 3% a year – as it has more than done for 60 years – then by the year 2050 the average citizen of Earth will be earning and spending over $30,000 a year in today’s money, roughly the same as the average American spends today. By 2100 she will be spending nearly $150,000 a year, or five times what an American now consumes (see chart above).

This is almost unimaginable. Try to get your heads round the prospect of Africans and Afghans having the disposable income of today’s Americans within the lifetime of your own children, let alone grandchildren. If it seems fanciful, consider this. If my great grandfather had made a similar forecast in 1910, based on the then growth rate of the world economy, then even assuming he would not have predicted two world wars and a Great Depression, he would still have hugely underestimated the average income of today.
The economic growth of the past decade took a century to achieve in 1810 and took a millennium to achieve in 810. That acceleration shows no signs of stopping, indeed it may be about to redouble. The root cause of economic growth is the mixing of ideas: ideas on how to recombine the atoms and electrons of the world in such a way as to supply people’s needs and wants more efficiently. Bring down barriers to the mixing of ideas (barriers in trade, energy, communication and education) and you will cause faster growth whether you want to or not. Nothing has brought down barriers to the mixing of ideas faster than the Internet. Today a man in Shanghai and a woman in San Francisco can spark each other’s thoughts in seconds, where two decades ago they needed books or airplanes to have such mental sex.”


  • Guest
Re: Articles
« Reply #4 on: January 20, 2011, 03:28:13 PM »
The Inferiority and Superiority Complexes

We are all so wise... We find it very easy to catalogue people and to find a cause behind any deed a person makes. When we see a shy, unsure person, we label him/her as suffering from a complex. However, we do not say the same about an authoritative person, even if the same holds true for that person as well, the only thing differing being the complex in itself.

Inferiority or superiority complexes are nothing else but the permanent manifestation of the feelings of inferiority or superiority respectively. They are real and have the same cause, but they differ only in the way they become manifest. They are the result of early lack of social communion. These feelings are not clear from the beginning, but gradually they are expressed in character, gestures, posture and thinking. They betray something of the past of the person, especially the fact that he/she was neglected or spoiled during childhood.

The inferiority complex

It dominates the psychical life and is characterized by the feeling of imperfection and lack of achievement in reaching personal goals. The inferiority feeling is only normal when people face extreme life situations. However, in the case of individuals suffering from the inferiority complex, this feeling manifests itself continuously and constantly along his/her life.

The individual slides by major life issues and narrows his/her vital space excessively, through isolation. This behavior is caused by the lack of self-esteem and belief in his/her own forces. The inferiority complex causes shyness, pessimism, anxiety or lack of communication. Useless to say, these behaviors betray the prolonged lack of social contact.

With all that, there is no precise borderline between the inferiority and superiority complexes. Emotional manifestations like rage, revenge drive, sorrow, enthusiasm, manifested in inadequate situations, the incapacity of listening or looking into the eyes of someone else, changing the topic of conversation towards his/her own person, are all signs of an inferiority complex evolving towards a superiority complex.

The superiority complex

It is visible in the attitude, character and the opinion of a person about himself/herself. This individual has exaggerated pretensions of himself/herself and the others around him/her. The superiority complex is betrayed by haughtiness, arrogance, vanity about personal look (which can be from extremely cared for to willingly negligent), eccentric dressing, exuberance, snobbery, bragging, tyrannical behavior, a proneness for hunting mistakes and faults in others and many more.

These sentiments are triggered by a lack of social communication or mistakes that the parents made, paradoxically or unconsciously, out of love for their kids. Psychologists say that the history of humankind is a history filled with cases of inferiority sentiment and with the attempts to solve it. The human being, so poorly endowed by nature, is dominated by a powerful inferiority feeling that makes him look for security and attempt to outdistance his own capacities.

The sentiments must not be allowed to turn into one of these two complexes. Strange as it might sound, the inferiority sentiment can be used in a positive way, by motivating us to solve problems and issues. The superiority sentiment, as long as it remains a feeling that does not affect those around us, just maintains our high self-esteem, which is good. Learning to not cross over the thing borderline is the main issue here.


  • Guest
Re: Articles
« Reply #5 on: January 22, 2011, 12:47:42 AM » - Forum Rules

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« Last Edit: September 21, 2011, 10:36:57 PM by Ayub »


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Re: Articles
« Reply #6 on: February 10, 2011, 08:39:34 AM »
Plagiarism - Background

Plagiarism is a piece of writing that has been copied from someone else and is presented as being your own work.

Investment decisions are made using a variety of financial data and information assembled in the research process: everything from corporate-issued press releases and annual reports to Wall Street brokerage research and findings and conclusions made in academic studies. This research typically forms the basis for a written report by the analyst making a recommendation.

Studying these published research reports and presentations often yields very useful economic insights. When the information or insight is of such high quality, there can be a temptation to replicate the same ideas when making investment conclusions and presenting them in a research report. The CFA Institute recognizes that analysts will borrow ideas from each other and include those ideas in written reports, but it seeks to assign proper credit to the people who originated an idea or wrote the original opinion. When copying or using someone else's words or ideas, the writer must acknowledge the source.

Since almost all CFA candidates are either college graduates or are currently enrolled in a degree program, they should be familiar with the cautions against plagiarism, given that most college degree programs involve a fair amount of researching and writing of term papers. In other words, you should find the guidelines easy to understand, and it should be straightforward to identify possible violations.

Here are a few examples of violations of Standard I-C:

•Putting your name on another analyst's research report.

•Including a large portion of another analyst's report in your own (either verbatim or with slight modifications) without crediting the original author.

•Neglecting to specifically give credit to a person who has been quoted. For example, saying "a top analyst in the field suggests…" would be a violation.

•When including financial data, you neglect to include any caveats that must be included with that data. Although this is not plagiarism, it is still a violation of the Standard.


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Re: Articles
« Reply #7 on: March 03, 2011, 10:02:24 PM »
A Dozen Thoughts on Trading Stress and Emotion
* Everyone has a stop-loss level: For some, it's a price; for others, it's a pain threshold.

* It's not stress and emotion that get in the way of trading; it's the stress and emotion that results when trading becomes personal: about you, rather than about supply and demand.

* The measure of a trader is how hard he or she works when markets are closed.

* Much bad trading is hormonal: too much testosterone, too little.

* When traders don't track their results, it's because they don't want to know them.

* The best traders have a passion for markets; the worst have a passion for trading.

* When it comes to market history, there are only two choices: trading with awareness of it, trading in ignorance of it.

* I recently encountered a daytrader of currencies who was trading EUR/USD with high leverage. News came out in Europe and the market blew through the trader's mental stop-loss. The trader had no idea that an economic report was due at that time; he was only looking at chart patterns. That represents trading at its worst.

* Losing a job or not wanting a 9-to-5 one is not the right reason to pursue trading.

* Markets tend to move in the direction of the greatest number of stops.

* The best traders are not relaxed *and* they are not anxious. They are alert.

* Deep down, traders who don't prepare don't feel they deserve to win. We always gravitate toward our just desserts.

Posted by Brett Steenbarger, Ph.D.


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Re: Articles
« Reply #8 on: March 03, 2011, 10:05:10 PM »
Two Key Questions to Ask When Emotions Affect Trading

Traders most often contact me when they feel that emotional factors are interfering with their trading performance. Their hope is that resolving these problems will help their bottom lines. But how can they begin to achieve such resolution? A good start is to address two key questions:

1) Do the problems that affect your trading also impact other areas of your life? - Let's say that you find yourself overtrading and taking too much risk relative to your planned exposure. You realize that these lapses of discipline are costing you money and creating significant frustration. The key question to ask is whether these lapses also occur in other spheres of life: in managing personal finances, in failing to follow through on personal responsibilities, or in impulsive decision-making regarding career, relationships, and the future. If so, then you know that this is a general problem that is spilling over into trading. Working with a psychologist or other licensed therapist or counselor could be the best way to go, as this is not uniquely a trading problem. Alternatively, if the problem truly is unique to trading, then it is probably triggered by situational factors related to how you are trading. Relying on a trading coach to review your trading practices and address these factors can be promising.

2) Do the problems primarily result from poor trading, or are the problems a primary cause of poor trading? - This can be tricky to sort out, because the direction of causality often goes both ways. Many times, poor trading practices--such as trading excessive risk--lead to emotional fallout, such as frustration, anxiety, or even depression. Working on changing emotions might be helpful, but the root cause--the faulty money management--needs to be addressed. Conversely, there are times when emotional problems, such as performance anxiety, get in the way of trading plans and trading results. It is very helpful to examine trading problems in a step-by-step fashion, to see where emotions are affecting trading and to see where trading is creating emotional pressures.

The most difficult emotional interference in trading occurs when longstanding emotional patterns and conflicts spill over into handling the risk and uncertainty of trading. A rebellious teen with unresolved control issues with parents can easily grow up into a trader who rebels against rules and plans, undercutting his own trading. A person who has been traumatized by losses of loved ones may find it difficult to handle financial losses. Someone who never learned to regulate anger and frustration as a child may now find these emotions derailing sound decision making in markets. When the past is intruding into the present, affecting emotional well being and trading performance, sound psychological assistance--even the short-term methods of brief therapies--can be very helpful.

When, however, skills haven't been learned and a trader lacks a true edge, then trading may be causing emotional frustration and anxiety. Many traders try to front run their learning curves, putting capital to work before they're ready, creating stress and distress in the process. Psychology is vital to good trading, but you need to trade well to sustain a sound psyche.

Posted by Brett Steenbarger, Ph.D.


  • Guest
Re: Articles
« Reply #9 on: March 04, 2011, 12:38:23 PM »
Top Ten Stock Market Technical Indicators

New and Experienced traders are always searching for the latest and greatest technical indicators. They scour the internet reading every blog by the Current Guru explaining why their technical indicator is the best. They spend hours on hours reading and learning all the trade rules for each indicators. To what avail? Usually, they've learn so much that the indicators are conflicting and the trader is unable to pull the trigger.

I have always said that it is not about market knowledge or technical indicators. A good trader learns how to control his/her emotions by developing a personalized trading plan. A good trade is one entered and exited based upon rules and conditions - regardless of the outcome. Until a trader learns how to control their emotions and make sound trading decisions based on rules, they are doomed to make the same portfolio killing decisions of follow the latest guru. There is no success there. That guru will not be the one to place the trade for you. You MUST learn how to pull the trigger yourself.

So, with that said, here are myTop Ten Technical Indicators:

1. Price - I personally think price action ( I use japanese candle patterns) along with moving average and support and resistance. I try to go with the trend and identify the path of least resistance is where I want to be.

2. Volume - One of the best indicators of the conviction of traders. Volume ,placed in context with price movement, allows me to trade effectively. To measure the significance of volume, we need a baseline. What I am looking for is the % change over an average day.

3. Support and Resistance - I use support and resistance for entries and exits, as well as for clues about where the market is going. But support and resistance trading never becomes obsolete, because support and resistance levels are caused by human nature. They are a natural occurrence in all liquid markets, they always have been and they always will be.

4. Moving Averages - Moving averages are one tool to help you detect a change in trend. They measure buying and selling pressures under the assumption that no commodity can sustain an uptrend or downtrend without consistent buying and selling pressure.

5. Market Internals - For me the internals can help to show direction but what is important is to see how the internals are acting at key price levels. They will help you to confirm rejection or acceptance at support/resistance. Breadth can be used to see underlying strength or weakness. The up/down volume seems to give a broad sense of the market.

6. Bollinger Bands - First and foremost, bollinger bands are great tools to identify period of high and low volatility for a stock. I also like to use Bollinger Bands to confirm/identify a stock's trend. In conjunction with a moving average, you can use the bands to identify support and resistance.

7. ADX (DMI + / -) - The ADX indicator measures the strength of a trend and can be very useful to determine if a trend is either strong or weak. High readings indicate a strong trend and low readings indicate a weak trend. You want to be in stocks with high readings whether the underlying stock is in an uptrend or downtrend. When this indicator is showing a low reading, the underlying stock is probably about to establish a trading range (consolodation period). Avoide stocks with low readings!

8. Stochastics - When the market is trending is necessary to adapt the oscillator to the same conditions: When the market is trending up, then the signals with the higher probability of success are those in direction of the trend "Buy signals", on the other hand when the market is trending down, selling signals offer the lowest risk opportunities. Divergence trades are amongst the most reliable trading signals. A divergence occurs either when the indicator reaches new highs/lows and the market fails to do it or the market reaches new highs/lows and the indicator fails to do it. Both conditions mean that the market isn't as strong as it used to be giving us opportunities to profit from the market.

9. Relative Strength Index (RSI) - A great leading indicator to time your trading signals. A stock is overbought if the RSI shows a level above 70. A stock is oversold if the RSI shows a level below 30.

10. Moving Average Convergence Divergence (MACD) - MACD is a trend following momentum indicator. It also does a good job of finding a reversal in trends. The most simple way to use the MACD is to look for a crossover of the moving averages. When the MACD line crosses to the upside that is a bullish signal, conversely when the MACD line crosses to the downside that is a sell signal.


  • Guest
Re: Articles
« Reply #10 on: March 13, 2011, 07:59:07 AM »
Regret (decision theory)

Regret (often also called opportunity loss) is defined as the difference between the actual payoff and the payoff that would have been obtained if a different course of action had been chosen. This is also called difference regret. Furthermore, the ratio regret is the ratio between the actual payoff and the best one.

Read more :


  • Guest
Re: Articles
« Reply #11 on: March 14, 2011, 01:54:22 PM »
Habib Jalib’s dastoor: Main nahin manta

In 1962, when Field Marshal Ayub Khan formulated the new constitution and was playing the flute of his administrative capabilities, Jalib called it faulty. He called it a tool of exploitation and wrote his most memorable poem Dastoor which shattered the manipulated intentions of the government.
Deep jis ka sirf mehellaat hi main jalay,
Chand logon ki khushyon ko lay ker chalay,
Wo jo saye main har maslihat kay palay;
Aisay dastoor ko,
Subh e bay noor ko,
Main naheen maanta,
Main naheen jaanta.

The light which shines only in palaces
Burns up the joy of the people in the shadows
Derives its strength from others’ weakness
That kind of system,
like dawn without light
I refuse to acknowledge,
I refuse to accept

Main bhee kha’if naheen takhta e daar say,
Main bhee Mansoor hoon, keh do aghyaar say,
Kyun daraatay ho zindaan ki divar say,
Zulm ki baat ko,
Jehel ki raat ko,
Main naheen maanta,
Main naheen jaanta.

I am not afraid of execution,
Tell the world that I am the martyr
How can you frighten me with prison walls?
This overhanging doom,
this night of ignorance,
I refuse to acknowledge,
I refuse to accept

Phool shaakhon pay khilnay lagay tum kaho,
Jaam rindon ko milnay lagay tum kaho,
Chak seenon kay silnay lagay tum kaho,
Iss khulay jhoot ko,
Zehan ki loot ko,
Main naheen maanta,
Main naheen jaanta.

“Flowers are budding on branches”, that’s what you say,
“Every cup overflows”, that’s what you say,
“Wounds are healing themselves”, that’s what you say,
These bare-faces lies,
this insult to the intelligence,
I refuse to acknowledge,
I refuse to accept

Tum nay loota hai sadyon hamara sakoon,
Ab na hum per chalay ga tumhara fasoon,
Chara gar main tumhain kiss tara say kahoon?
Tum naheen charaagar,
Koi maanay magar,
Main naheen maanta,
Main naheen jaanta.

For centuries you have all stolen our peace of mind
But your power over us is coming to an end
Why do you pretend you can cure pain?
Even if some claim that you’ve healed them,
I refuse to acknowledge,
I refuse to accept. 


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Re: Articles
« Reply #12 on: March 21, 2011, 02:13:26 PM »
The culture of pessimism: Why businessmen lie to make things sound worse

KARACHI: The least reliable source of information about the state of the Pakistani economy are its businessmen, for one very simple reason: barring a very small sample, the overwhelming majority of them will lie to make things sound far worse than they really are.
It would be ludicrous to argue that business in Pakistan is booming or that it is easy to do business in the country. But if you were to rely entirely on the opinions of business leaders you meet (assuming you are not a businessperson yourself), you would think that the country’s economy will come crashing down before 5 pm this afternoon.

It is the suggestion of this scribe that, although doing business in Pakistan poses far more challenges than running a commercial enterprise in a developed economy, the returns tend to more than make up for it. And if you seek evidence of this assertion, try getting hold of people’s financial statements (the real ones, not the fake stuff they give to banks and tax authorities).

The numbers will bear out a simple truth: business in Pakistan goes through the same kind of mundane boom-and-bust cycles it does anywhere else. The only difference is that our booms tend to be bigger and our busts tend to be deeper. So while more volatile, Pakistani business is not inherently less profitable. If anything, the return rates here seem to be higher.

Numbers do not lie

Entrepreneurs in Pakistan love to kvetch about how the country’s economy is going down the drain. Barring a few exception, many of them especially love making it sound like they would leave the country the minute they got the opportunity to.

Take, for example, a former client of mine in the retail food business. I was at a board meeting of this gentleman’s company where the conversation, as is normal in these occasions, turned to political and economic developments in the city and the country. There was the usual blather about how nothing works and the country will probably break up within the next decade.

They waxed eloquent about how doing business in Pakistan is utterly impossible and that they only do it because they have no choice. The problems they highlighted were very real – the chronic power crisis, the problem with security, the burdensome regulations, corrupt government officials, etc.

But then began a presentation on the company’s financial statements, and an analysis of how their new line of retail stores was doing. The return on investment on that chain was upwards of 72 per cent. The company’s overall revenues and profitability had been doubling for the last two years.

This, by the way, is despite being in a line of business that is vulnerable to all of the factors they highlighted as making life difficult for Pakistani entrepreneurs.

Or take another example, of an asset management company based out of Karachi. The chief executive officer of this company, who has worked in the United States for a few years, has an extraordinarily pessimistic outlook on the national economy. Conversations with him about Pakistan tend to get depressing very quickly.

But his company’s profits have been increasing at 56 per cent per year for the last five years. Put another way, the company’s profits grew nine times in five years. Not only has the firm been doing well in the past, it seems to be anticipating a good future as well. It has been adding new lines of business, hiring new employees and generally acting as one would expect a fast growing company to act anywhere in the world.

These companies are not alone in doing well, although they are probably doing better than most. The banking sector, for example, has grown by over 16 per cent per year since 2002, yet bankers are some of the most pessimistic people in the country. Profitability in nearly all sectors of the economy has risen by double digits over the last decade (more research on that in future articles).

Yet there is a wide gap between the rhetoric of the managers and owners of companies and the reality that their financial statements portray. Why?

Deception and fear

Part of the reason is fear. There is a perception, one that is entirely reasonable and based on experience, that well-off people in Pakistan are targets of kidnapping for ransom. So it is understandable that many people have developed a habit of saying things are bad, just to throw others off the scent of their money.

Another is simply fear of competition. Two of my friends recently tried to enter the rice export business and were discouraged by nearly every single rice exporter they met. They were told the market was terrible and this is a bad time to enter (even though global commodity prices, including rice, are skyrocketing). They were told about defaults from buyers, which is a real threat.

But what was omitted by these captains of industry was that they themselves were doing extraordinarily well for themselves. How do I know this? Because one of them came to the firm I work for and asked for business plans to spend his surplus cash on.

Reality is more complex

None of the above is meant to discount any of the challenges that business face in Pakistan. They are very real, though it is sometimes too easy to forget that they are worth overcoming. Contrary to what businessmen may tell you, they have a choice about living in Pakistan and most of them choose to stay.

Yes, their day is frustrating and the challenges they face are mind-numbing in both number and intensity. But the payoff they get makes it all worthwhile. So the next time they start telling you how bad it is, nod along and then try to get a peak at their financial statements. The challenges they describe are real, but their assertion that they are a reason to be pessimistic is not.

At best, they are presenting you with a half truth. Look at the numbers to get the real picture.

Published in The Express Tribune, March 21st, 2011.


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Re: Articles
« Reply #13 on: March 26, 2011, 02:51:12 PM »

Traders ask how it is possible to measure momentum and how moving averages can be used to tackle such a feat. The simple answer is to pay close attention to the time periods used in creating the average, as each time period can provide valuable insight into different types of momentum.

In general, short-term momentum can be gauged by looking at moving averages that focus on time periods of 20 days or less.

Looking at moving averages that are created with a period of 20 to 100 days is generally regarded as a good measure of medium-term momentum.

Finally, any moving average that uses 100 days or more in the calculation can be used as a measure of long-term momentum. Common sense should tell you that a 15-day moving average is a more appropriate measure of short-term momentum than a 200-day moving average.

One of the best methods to determine the strength and direction of an asset's momentum is to place three moving averages onto a chart and then pay close attention to how they stack up in relation to one another.

The three moving averages that are generally used have varying time frames in an attempt to represent short-term, medium-term and long-term price movements.

In Figure 2, strong upward momentum is seen when shorter-term averages are located above longer-term averages and the two averages are diverging. Conversely, when the shorter-term averages are located below the longer-term averages, the momentum is in the downward direction.

Read more:


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Re: Articles
« Reply #14 on: March 31, 2011, 08:00:16 AM »
Symptoms: Blog alcoholism is a disabling addictive disorder. It is characterized by compulsive and uncontrolled blogging despite its negative effects on your thinking and daily life.

Remedy: Very easy. Stop blogging. But difficult in practice because self-ego want allow.

The "Mock 10" Signs of Blog Addiction

10. You check your blog stats a LOT. You occasionally get up in the middle of the night and sneak a peak.

9. Your significant other suspects you are having an affair with your blog. Even when you’re alone with your special person, you do find yourself thinking what your blog might be doing right then…

8. You “mental blog” while driving or on the train, and sometimes even when you are alone in the shower.

7. You filter everything through your post-writing. You can’t watch a movie, see a play, read an article, or share a sweet moment with your child without thinking of whether it’s blog-worthy.

6. You suffer from “blog envy” when another blogger posts something juicy before you do. You suffer “comment envy” when said post gets 40-something comments – the jerk!

5. You “binge blog” 3 or 4 posts at once—only to feel guilty and empty afterward.

4. You ditched all your real friends for blog friends, because, well, “they understand.” You bypass Bowling Alone at the bookstore (who really cares?) while you reach for Naked Conversations.

3. You think, “I can stop at any time.”

2. Your lunch hour has become your “blog hour.” You keep a few posts tucked in your desk in case you need them during the day.

1. After 5 minutes of meeting someone really interesting you ask, “So - do you blog?”

« Last Edit: August 27, 2011, 03:56:11 PM by Ayub »


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Re: Articles
« Reply #15 on: April 03, 2011, 08:12:48 AM »


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Re: Articles
« Reply #16 on: April 04, 2011, 12:48:05 AM »
We Are All Dr Faustus – Parveen Shakir

One of Parveen Shakir’s poems invokes the legend and metaphor of Dr Faustus:

 ”The name ‘Faust’ has become deeply rooted in European mythology as the name of a man who sold his soul to the devil in return for eartly power and riches. The Faust legend has been embellished and retold in many formats …”

The Urdu version with the English translation is appended below:

We Are All Dr Faustus

In a way we are all
Dr Faustus.
One from his craze
and another helpless from blackmail
barters away his soul.
One mortgages his eyes
to trade in dreams
and another offers
his mind as collateral.
All that one may need sense
is the currency of the day.
So a survey of life’s Wall Street says
that among those with the buying power these days
self-respect is very popular.

« Last Edit: August 27, 2011, 12:28:05 PM by Ayub »


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Re: Articles
« Reply #17 on: April 12, 2011, 11:20:51 PM »
Words of Wisdom from Benjamin Graham for the Individual Investor

In greatly simplified terms, here are the 14 points Benjamin Graham most consistently delivered in his writing and speaking.

(1) Be an Investor, not a speculator

“Let us define the speculator as one who seeks to profit from market movements, without primary regard to intrinsic values; the prudent stock investor is one who (a) buys only at prices amply supported by underlying value and (b) determinedly reduces his stockholdings when the market enters the speculative phase of a substained advance”.

(2) Know the Asking Price
Multiply the company’s share price by the number of company total shares (undiluted) outstanding. Ask yourself, if I bout the whole company would it be worth this much money?

(3) Rake the market for Bargains

Graham is best known for using his “net current asset value“ (NCAV) rule to decide if the company was worth it market price, To get the NCAV of a company, subtract all liability including short-term debt and preferred stock from current assets. By purchasing stocks below the BCAV, the investor buys a bargain because nothing at all is paid for the fixed assets of the company. The 1988 research of Professor Joseph D.Vu shows that buying stocks immediately after their price drop below the NCAV per share and selling two years afterward provides an excess return of more than 24 percent. Yet even Ben recognized the BCAV stocks are increased difficult to find, and when one is located, this measure is only a starting point in the evaluation. “If the investor has occasion to be fearful of the future of such a company “, he explained, “ it is perfectly logical for him to obey his fears and pass on from that enterprise to some other security about which he is not so fearful.” Modern disciples of Graham look for hidden value in additional ways, but still probe the question, what is this formula by looking at the quality of the business itself. Other apostles use the amount of cash flow generated by the company, the reliability and quality of dividends and other factors.

(4) Buy the Formula

Ben devised another simple formula to tell if a stock is underpriced. The concept has been tested in many different markets and still works. It takes into account the company’s earnings per share (E), its expected earnings growth rate (R) and the current yield on AAA rated corporate bonds (Y)

The intrinsic value of a stock equals: E (2R+8.5)*Y/4

The number 8.5, Ben believed, was the appropriate price/to/earnings multiple for a company with static growth. P/E ratios have risen, but a conservative investor still will use a low multiplier. At the time this formula was printed, 4.4 percent was the average bond yield, or the Y factor.

(5) Regard corporate figures with suspicion

It is a company’s future earning that will drive its share price higher, but estimates are based on current numbers, of which an investor must be wary. Even with more stringent rules, current earnings can be manipulated by creative accountancy. An investor is urged to pay special attention to reserves, accounting changes and footnotes when reading company documents. As for estimates of future earnings, anything from false expectation to unexpected words events can repaint the picture. Nevertheless, an investor has to do the best evaluation possible and then go with the results. 

(6) Don’t Stress Out

Realize that you are unlikely to hit the precise “intrinsic value” of a stock or a stock market right on the mark. A margin of safety provides peace of mind. “Use an old Graham and Dodd guideline that you can’t be that precise about a simple value,” suggested Professor Roger Murray. “ Give to yourself a band of 20 percent above or below, and say, ”that is the range of fair value.’”

(7) Don’t Sweat the Math

Ben, who loved mathematics, said so himself: “In 44 years of Wall Street experience and study, I have never seen dependable calculations made about common stock values, or related investment policies, that went beyond simple arithmetic or the most elementary algebra. Whenever calculus is brought in, or higher algebra, you could take it as a warning signal that the operator was trying to substitute theory for experience, and usually also to give speculation the deceptive guise of investment “.

(8) Diversify, Rule No. 1

“My basic rule,” Graham said, “is that the investor should always have a minimum of 25 percent in bonds or bond equivalents, and another minimum 25 percent in common stocks. He can divide the other 50 percent between the two, according to the varying stock and bond prices.” This is ho-hum advice anyone in a hurry to get rich, but it helps preserve capital. Remember, earnings can not compound on money that has evaporated.

Using this rule, an investor would sell stocks when stock prices are high and but bonds. When the stock market declines, the investor would sell bonds and by bargain stocks. At all times, however, he or she would hold the minimum 25 percent of assets either in stock or bonds – retaining particularly those that offer some contrarian advantage. As a rule of thumb, an investor should back away from the stock market when the earnings per share on leading indices (such as the Dow Jones Industrial Average or the Standard & Poor’s composite index) is less than the yield on high-quality bonds. When the reverse is true, lean toward bonds.

(9) Diversify, Rule No.2

An investor should have a large number of securities in his or her portfolio, if necessary, with a relatively small number of shares of each stock. While investors such as Buffett may have fewer than a dozen or so carefully chosen companies, Graham usually held 75 or more stocks at any given time. Ben suggested that individual investors try to have at least 30 different holdings, even if it is necessary to buy odd lots. The least expensive way for an individual investors to buy odd lots is through a company’s dividend reinvestment program (DRP).

(10) When in Doubt, Stick to Quality
Companies with good earnings, solid dividend histories, low debts and reasonable price-to-earnings ratios serve best. “ Investors do not make mistakes, or bad mistakes, in buying good stocks at fair prices,” Ben said. “They make their serious mistakes by buying poor stocks, particularly the ones that are pushed for various reasons. And sometimes – in fact, very frequently – they make mistakes by buying good stocks in the upper reaches of bull markets.”

(11) Dividends as a clue

Along record of paying dividends, as long as 20 years, shows that a company has substance and is a limited risk. Chancy growth stocks seldom pay dividends Further more, Ben contended that no dividends or a niggardly dividend policy harms investors in two ways. Not only are shareholders deprived of income from their investment, but when comparable companies are studied, the one with lower dividend consistently sells for a lower share price. “I believe that Wall Street experience shows clearly that the best treatment for stockholders,” Ben said, “is the payment to them of fail and reasonable dividends in relation to the company’s earnings and in relation to the true value of the security, as measured by any ordinary tests based on earnings power or assets.”

(12) Defend your Shareholder Rights

“ I want to say a word about disgruntled shareholders,” Ben said. “In my humble opinion, not enough of them are disgruntled. And one of the great troubles with Wall Street is that it cannot distinguish between a mere troublemaker or “striker suitor” in corporate affairs and a stockholder with a legitimate complaint that deserves attention from his management and from his fellow stockholders.” If object to a dividend policy, executive compensation package or golden parachutes, organize a shareholder’s offensive.

(13) Be Patient

“Every investor should be prepared financially and psychologically for the possibility of short-term results. For example, in the1973-1974 decline the investor would have lost money on paper, but if he’d held on and stuck with the approach, he would have recouped in 1975-1976 and gotten his 15 percent average return for the five tear period.”

(14) Think for Yourself

Don’t follow the crowd. “ There are two requirements for the success in the Wall Street,” Ben said. “One, you have think correctly; and secondly, you have to think independently. “ Finally, continue to search for better ways to ensure safety and maximise growth. Do not ever stop thinking.


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Re: Articles
« Reply #18 on: August 20, 2011, 01:06:43 PM »

So what should you do if you are looking at a bear market in stocks? Apply these four rules for dodging the worst of the bear.

•   Sell early. If this is a bear, there's no point hanging around. Sell now rather than later. Why? You want to avoid as much of the bear market losses as possible. You want to avoid being one of those courageous investors who hangs on through a 19% decline but then can't stand it and sells at 20% down. Buying high is one way to lose money in a market. The other is selling low. And that's what you'd like to avoid. Selling now also helps clear your head. Instead of fighting the last battle, you're ready to look forward to making money -- with the cash you've got in hand -- when the market turns in your favor.

•   Get over yourself. No investor likes to admit a mistake, and so you hang on to stocks down 20% or 30%, hoping they'll move up to break even in the next bear market rally. And then you'll sell. This sets you up for more losses as the bear runs its course, and it means that you're likely to be selling when the rally that marks the end of the bear finally comes -- at exactly the time when you should be buying. But, hey, investing isn't about being perfect, and making a bad investment isn't a judgment on your moral character or intelligence. All investors make mistakes and pick losers. All we can hope for is to pick more winners than losers.

•   Don't count on past winners for safety. In a bear market, almost everything gets sold. Worries about the U.S. and global economy have already taken a big bite out of energy and industrial commodity stocks. That's not unusual. Those commodity sectors sold off in past bear markets, too. Looking back to previous bear markets, about the only sector able to buck the trend has been gold.

•   Cash isn't trash. Rethink your definition of a good return. A 4%-to-5% return might look puny when stocks are moving up 15%, but it's a darn sight more attractive when stocks are plunging. That cash on the sideline can earn you 5% in a Shariah Compliant deposit now (keep the maturity short -- so you can put this money to work when the bear is over).

Acknowledgement: Derived from ‘The Bear Book : Survive & Profit in Ferocious Markets' by John Rothchild
« Last Edit: August 21, 2011, 03:13:53 PM by Ayub »