Aug 19, 2017

10 Useful Quotes from Reminiscences of a Stock Operator

10 Useful Quotes from Reminiscences of a Stock Operator
1.    There is nothing new in Wall Street. There can’t be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again.
2.    The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among professionals.
3.    I never lose my temper over the stock market. I never argue the tape. Getting sore at the market doesn’t get you anywhere.
4.    They say you can never go poor taking profits. No, you don’t. But neither do you grow rich taking a four-point profit in a bull market. Where I should have made twenty thousand I made two thousand. That was what my conservatism did for me.

5.    Remember that stocks are never too high for you to begin buying or too low to begin selling.
6.    A man may see straight and clearly and yet become impatient or doubtful when the market takes its time about doing as he figured it must do. That is why so many men in Wall Street…nevertheless lose money. The market does not beat them. They beat themselves, because though they have brains they cannot sit tight.
7.    After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was the sitting. Got that? My sitting tight!
8.    Losing money is the least of my troubles. A loss never bothers me after I take it…But being wrong—not taking the loss—that is what does the damage to the pocketbook and to the soul.
9.    Prices, like everything else, move along the line of least resistance. They will do whatever comes easiest.
10. The speculator’s chief enemies are always boring from within. It is inseparable from human nature to hope and to fear. In speculation when the market goes against you hope that every day will be the last day—and you lose more than you should had you not listened to hope—the same ally that is so potent a success-bringer to empire builders and pioneers, big and little. And when the market goes your way you become fearful that the next day will take away your profit, and you get out—too soon. Fear keeps you from making as much money as you ought to. The successful trader has to fight these two deep-seated instincts…Instead of hoping he must fear; instead of fearing he must hope.

Tom Basso Best Quotes For Traders From Book 'THE NEW MARKET WIZARDS'

Tom Basso Best Quotes For Traders From Book 'THE NEW MARKET WIZARDS'

Tom went from trading his own money, to forming TrendStat and managing other peoples money. At the peak of his career, TrendStat managed $600million dollars of capital.
Tom is one of best traders featured from Market Wizards on the psychology of trading. Here are favorite quotes from his interview in this book.

         “I realized that every time I had a loss, I needed to learn something from the experience and view the loss as tuition at the College of Trading. As long as you learn something from a loss, it’s not really a loss.” – Tom Basso
“When your account has these massive swings up and down, there’s a tendency to feel a rush when the market is going your way and devastation when it’s going against you. These emotions do absolutely nothing to make you a good trader. It’s far better to keep the equity swings manageable and strive for a sense of balance each day, no matter what happens.” – Tom Basso
“I probably do more mental exercises now than I ever did. Each morning while I’m driving to work, I make a conscious effort to relax. I mentally rehearse any conflict that might happen that day. The process of mentally organizing and relaxing before I get to work helps me start my day in a very positive frame of mind.” – Tom Basso
“Also, it helps if you view your life as a movie. If you go to a video store and rent a horror movie, you’re voluntarily letting yourself be horrified, and it’s not stressful because deep down you know it’s just a movie. What if you had the same attitude about life?” – Tom Basso
“I think investment psychology is by far the most important element, followed by risk control, with the least important consideration being the question of where you buy and sell.” – Tom Basso


TRIBHOVANDAS BHIMJI ZAVERI LTD. Stock Trading Call - Investment Review Buy

TRIBHOVANDAS BHIMJI ZAVERI LTD. Stock  Trading Call - Investment Review Buy

Commentary:
This is one of the very old and premium brands in jewellery market. They had been making losses. We can not compare the topline and bottomline with its peers such as PC Jewellers, as TBZ has been on the backfoot regarding expansion. But the good news is that it has turned around and started making profits from break even for many years. The main rerating point for all the organized players in this sector is the demonetization. We have already seen that for the bigger players like Titan, PC Jewellers and others. The dominant presence in bigger market like Mumbai is also a plus for the company.


Technical Picture:
The stock crossed 100 DMA recently after many years and about to cross 200 DMA on weekly charts after which it will give faster surge. The 5% circuit filter limit is limiting the fast rise of the stock. The stock is ready to shoot up 50pc plus in a very short span of time. After listing it briefly made lifetime high of 300 and languishing since then. It has been clearly doing base building during 2016-17 and ready to rise and probably make new high as well.

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This is only a brief of a full report. It is possible, that we have already given this stock recommendation to our clients, or will give it in future, and may exit/reenter as per deem fit to us, updates of which are not possible to give everytime.
Research in stock market, about companies is subject to change on day to day basis due to news and developments etc.
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FORTIS HEALTHCARE LTD. Stock Futures, Options, Trading Call - Investment Review Short Sell - Exit

FORTIS HEALTHCARE LTD. Stock Futures, Options, Trading Call - Investment Review Short Sell - Exit 
19/08/2017

Commentary:
We have been bearish for most of the past year on this scrip. The company has been in news for all the wrong reasons since last few months with legal issues and growth problems. The topline is growing but the profitability is suffering which we believe is the problem of all companies in the sector. With government cracking down on the profit margins of healthcare sector by variety of steps, we believe an entire rerating of companies such as Fortis will be done by market just like the pharma sector. The company stock price is very expensive at the current price and has potential to crash to 50 Rs. We are extremely bearish and this can be one of our many of windfall trading opportunity for futures short sellers and put call traders. Also, investors can offload and save their capital from erosion.
Technical Picture:
The stock surged to 180 levels, which was its lifetime high of 2010 bull market. But it could not sustain there and has been trading about sideways since more than a year now. We believe it has broker the range on the downside, by closing below 160 on monthly chart and about to break 100 DMA on the same. It has already broker 100 and 200 DMA on weekly and daily charts. We believe to short on every rise and make huge money in futures and options in such sureshot calls. To get the strategy and levels, and entry, exit you can contact us.
  
Subscribe to www.meghainvestments.com for proper buy/sell, Stoploss, Target Levels and timely updates regarding actual trading in the recommended stocks. 
This is only a brief commentary; you can contact us for complete research, analysis and view on the stock.
Join one of our services for getting regular trading calls in all segments like equity stock cash intraday, positional, index options, index futures, stock futures, stock options and intraday and positional in all of the segments with high accurate less calls with small stoploss and bigger target with personalized service for tracking your profits/losses with us, that’s what we call assured profit services.
It is possible, that we have already given this stock recommendation to our clients, or will give it in future, and may exit/reenter as per deem fit to us, updates of which are not possible to give everytime.
Disclaimer: We or our clients may be holding positions in one or more or all of the stocks recommended by us.
Go check out our site for details or email us or call us for detailed discussion.