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#Knowledge : A basic distinction between two kinds of investors addressed—the “defensive” and the “enterprising.
The defensive (or passive) investor will place his chief emphasis on the avoidance of serious mistakes or losses. His second aim will be freedom from effort, annoyance, and the need for making frequent decisions.
The determining trait of the enterprising (or active, or aggressive) investor is his willingness to devote time and care to the selection of securities that are both sound and more attractive than the average. Over many decades an enterprising investor of this sort could expect a worthwhile reward for his extra skill and effort, in the form of a better average return than that realized by the passive investor.
#Knowledge : How to lose money consistently (past performance).
Starting amount: Rs 100000
1. Invest infrastructure mutual funds in 2008 (after the boom) based on hard selling by mutual funds
2. Sell in 2009 with a 40% loss on average
3. Recuperate from shock for 2 years
4. Invest in gold mutual fund in 2011/12 after seeing 5 years of boom
5. Lose 10% of principal in next 3-4 years
6. Now, invest in mid and small cap funds, after 3 years of boom.
The investor has already managed to lose 50% of principal by now. The above tale may be an exaggeration, but you can check mutual funds with the above kind of performance, with most being launched towards the tail end of the boom. It may not be the same investor in each case, but I can assure there are definitely a few who manage to achieve this ‘feat’ over a lifetime as they never get over their greed and refuse to learn from their losses (it is always someone else’s fault)
I did the same thing when I started out, but the only difference is I swallowed my pride, accepted my mistake and have tried to learn from it. An oversize ego is always dangerous to the wallet.
#Bookathone : MIND— THE DISCIPLINED TRADER
Traders come to the markets with great expectations, but few make profits and most wash out. The industry hides good statistics from the public, while promoting its Big Lie that money lost by losers goes to winners. In fact, winners collect only a fraction of the money lost by losers.
The bulk of losses goes to the trading industry as the cost of doing business—commissions, slippage, and expenses—by both winners and losers. Being better than average is not good enough—you have to be head and shoulders above the crowd.
Markets are the most entertaining places on the face of the Earth. They are like a card game, a chess game, and a horse race all rolled into one. The game goes on at all hours—you can always find action.
#Technical charts :
!! Some *Observations* !!
Traders look at *Price,*
Investors look at *Value..*
Traders watch *CNBC,*
Investors *Read Books..*
Traders Watch Minutely *Charts,*
Investors chill out on *Beaches..*
Traders make *Brokers* Rich,
Investors make *themselves* Rich..
Traders *Book Profits,*
Investors *Book Losses..*
Traders *average* on *Downside,*
Investors average on *Upside..*
Traders look at *10%* Profit,
Investors look at *10x* Profits..
Trading is a *Maths,*
Investing is an *Art..*
Traders ride on *Tips,*
Investors ride on *Research..*
Traders are always in *Hurry,*
Investors are always *Cool..*
~ Happy Investing…..
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*Professional investors/trader on niftymillionaire platform is Bindul shah. (Sebi Registered) Sebi Registration : INH000003663