Day Trading Futures

[niftyoption]

Dear TJ Members Please give Respect to ALL Stock Market experts ...
I agree with ST Sir

They are dedicated their lives to Stock Market and If You find any limitations to that don't do that Don't insult them

Take it positively
:thumb:

 

[Somatung]

@Smart trade

Let me add a bit to your post: I know a person who runs his own trading office in Asia with a small team. Beside that he is asked from all over the world to come here and there to give interviews and all sort of talks about markets, shares, TA and world economies. He is asked doing that in TV and congresses and other events all over the world. He has a newsletter which cost USD 2'000.-- per year and around 3'000 persons who are his clients to receive this newsletter in which he explains TA on shares, macro economics, world economics, commodities and so on. He earns a little fortune only with his activities beside managing funds with his team and we surely can say: He is a stock market expert who also sells advices to others beside all his other activities. Guess this levels again what ever negative is posted about stock market analyst, even as not all of them are on such a level. So we need to make differences on those people and not just can put all of them in one corner even some surely do not good to the public, but some do good to the public, are very well respected and are asked from many other experts to give there studies to them.

All have a nice Sunday evening

 

[pakatil]

No one would ever grouse if an expert trades his own ideas. All the trouble begins if those ideas are meant only for public consumption......

 

[umesh12]

quoting from poll by chankya ? links please

Hi Ravi
Which poll by Chankya, you are talking of. I do not know any such poll.

 

[XRAY27]

ST da,

we should respect the analyst as long as he does not have a wilfull intent to cheat...............you are 100% true.........

From the japanese who invented candlestick analysis to person/s who invented all the indicator/s........... from dow to elliot ....all are great inventers ...they earned or not does'nt matter...but today what iam earning is because of them..

off course all the person/s who contributed to TJ from ST to saint and all other..who helped me learn new things are people for mankind... does they earned or they become super rich does'nt matter...

if these people only thought of there life we would not chatting here....

Please respect the person who shares...

 

[Smart_trade]

No one would ever grouse if an expert trades his own ideas. All the trouble begins if those ideas are meant only for public consumption......

They do...the person I talked about ran a model portfolio tracking very honestly all signals which he recommended...successes as well as failure and stopped out trades...

Sudarshan Sukhani is one such trader who trades his own ideas and he is a very good trader...but it has become a fashion to say that he comes on TV so he must be a failure trader.....I know Sukhani..he is into charting software ( I bought my first charting software called Technical Trends from him some 20 years ago)...he is in data service, newsletter....and I can bet his market reading is much better than 80 % of our traders here...but as he comes on TV we enjoy bashing him....

Smart_trade

 

[Smart_trade]

Antony Saliba, one of the topmost options traders in the world ( who they say made 4 Million dollars in less than 2 hours on the day of US market crash ) has his own website and he teaches options trading...can we say that Antony Saliba does not make money in trading so he is teaching options...or Linda Bradford Raschke or Mark Cook...all great traders but they have many other activities like seminars, teachings, newsletters...now that does not mean that they dont make money in trading.....

ST

 

[Somatung]

No one would ever grouse if an expert trades his own ideas. All the trouble begins if those ideas are meant only for public consumption......

Here a special idea for the public from Mr. Gloom Boom Doom. He closed one of his newsletter in 2008 with the following sentences which are at the same time a mock quote against the FED:

"The federal government is sending each of us a $600 rebate. If we spend that money at Wal-Mart, the money goes to China. If we spend it on gasoline it goes to the Arabs. If we buy a computer it will go to India. If we purchase fruit and vegetables it will go to Mexico, Honduras and Guatemala. If we purchase a good car it will go to Germany. If we purchase useless crap it will go to Taiwan and none of it will help the American economy. The only way to keep that money here at home is to spend it on prostitutes and beer, since these are the only products still produced in US. I've been doing my part.

:lol:

 

[HEM]

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[OMSAI]

This is one of the most arrogant statement which I come across at many places. This statement is based on the notion that all intelligent and capable people who understand the market must buy stocks and trade in the markets....

Trading is one small part of financial services...and all need not be traders..some are good financial analysts...so they can analyse and do research on the markets ( like Thomas DeMark) ....some may be good in technical things so he may develop good front end and back office software....some may give a good data service...some may give good market newsletter some like Alexander Elders or Dr Van Tharp can give good trading seminars....and these activities are no way inferior to trading if they are done honestly....

I met one Technical Analyst some 5-6 years ago who used to write for Economic Times, come on CNBC, has his own data service and newsletter and also conducts trading seminars...and he understands market well....we met few times and I calculated his earnings from all these activities to be Rs 4 Cr per annum....now tell me how many individual traders make 4 Cr per annum ?? I asked him why he does not trade...his reply was " why should I ,when I make this money with no risk and headache..." valid point.....as long as he is not making false promises, tall claims, bogus records, and fooling people he is doing fine...and I found him to be very good on all these counts...

A person who started Zerodha ( Nithin Kamath) was a very large and successful trader...so it is like asking him that if you are good at the markets then why did you start brokerage ?? why not trade only and make big money, are you not able to make money in trading ?? ?? He likes to branch out in broking and as long as he is doing an honest job, it is fine....

I feel that any activity if done honestly without cheating is a good activity if you have liking for it....so I dont consider that trading is superior to all other activities and traders must look down upon people doing other activities like data or newsletter.....

So we as traders, must have have pride in being a trader but we dont look down upon all others who dont trade....few of them may be honestly making much more money than us...and they may be right in asking "why should I trade ??

Smart_trade

This Gentlemen behind this quote....

http://en.wikipedia.org/wiki/Norman_R._Augustine#Career