how much return you expect from commodity market
- Thread starter ashwani chadha
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dear cotton :, tentative support for silver monday ,which i expect, will be around 55000/-, normally EOD trader start buying slightly above support, as slightly below support is their stop loss, so these type of basic things should always be in your mind while taking ,any decision of trading:final result as silver is trading at 55400/- app at present, so for monday ,no short at least in silver(this is just an explaination of trading system)
optimum price concept:lot of factors influence the price on day to day basis,suppose we want to go long,few factors will support long position,few factors will be against the long postion.BUT THERE WILL BE MOVES TO WHOM ALL THE FACTORS WILL SUPPORT,a move to whom all the factors support is an optimum buy.our first preference should be to buy a commodity at an optimum price,at accurately right time ,when all factors are in its support.one example of copper optimum price 436/50(its friday closing was 438/70 & basically the move was open on friday), i gave in my previous replies to cotton,second example of optimum buying on friday was nickel at 1205/- again in the morning.its closing on friday was 1215.60.THESE STRATIGIES BUYING AT OPTIMUMM LEVAL ADJUST OUR RISK REWARD AND PAY US IN LONG TERM
most of us think that people who come on the various t.v. channels are experts, but we must under stand that if any body has the capability to earn by trading the markets, then why he will open a shop to sell his stratigies,then for him lot of eaisy money is their in markets,why he should serve 200 people for 3000/-a month,because he knew ,no body will earn,but he also know that one fool will go,but another two will come,and his shop will always be running,in stead of paying your hard money to these , so called experts,try to learn from internett, free of cost,DEVELOP YOUR OWN SKILL TO EARN AND SAVE YOUR SELF FROM THESE DREAM SELLERS
Work Smarter To Perform Better
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Once upon a time a tortoise and a hare had an argument about who was faster.
They decided to settle the argument with a race. They agreed on a route and started off the race.
The hare shot ahead and ran briskly for some time. Then seeing that he was far ahead of the tortoise, he thought he'd sit under a tree for some time and relax before continuing the race. He sat under the tree and soon fell asleep.
The tortoise plodding on overtook him and soon finished the race, emerging as the undisputed champ.
The hare woke up and realized that he'd lost the race.
The moral- "Slow and steady wins the race. "
This is the version of the story that we've all grown up with.
THE STORY DOESN'T END HERE
there are few more interesting things.....it continues as follows......
The hare was disappointed at losing the race and he did some soul-searching.
He realized that he'd lost the race only because he had been overconfident, careless and lax.
If he had not taken things for granted, there's no way the tortoise could have beaten him. So he challenged the tortoise to another race.
The tortoise agreed. This time, the hare went all out and ran without
stopping from start to finish. He won by several miles.
The moral - " Fast and consistent will always beat the
slow and steady.It's good to be slow and steady; but it's better to be fast and reliable."
THE STORY DOESN'T END HERE
The tortoise did some thinking this time, and realized that there's no
way it can beat the hare in a race the way it was currently formatted.
It thought for a while, and then challenged the hare to another race, but
on a slightly different route. The hare agreed. They started off. In keeping
with his self-made commitment to be consistently fast, the hare took off and ran at top speed until he came to a broad river. The finishing line was a couple of kilometres on the other side of the river.
The hare sat there wondering what to do.
In the meantime the tortoise trundled along, got into the river, swam to the opposite bank, continued walking and finished the race.
The moral - "First identify your core competency and then change the playing field to suit your core competency."
THE STORY STILL HASN'T ENDED
The hare and the tortoise, by this time, had become
pretty good friends and they did some thinking together.
Both realized that the last race could have been run much better. So they decided to do the last race again, but to run as a team this time.
They started off, and this time the hare carried the tortoise till the riverbank. There, the tortoise tookover and swam across with the hare on his back. On the opposite bank, the hare again carried the tortoise and they reached the finishing line together. They both felt a greater sense of satisfaction than they'd felt earlier.
The moral - "It's good to be individually brilliant and to have strong
core competencies; but unless you're able to work in a team and harness each other's core competencies, you'll always perform below par because there will always be situations at which you'll do poorly and someone else
does well.
Teamwork is mainly about situational leadership, letting the person
with the relevant core competency for a situation take leadership.
Note that neither the hare nor the tortoise gave up after failures. The
hare decided to work harder and put in more effort after his failure. The
tortoise changed his strategy because he was already working as hard as
he could."
In life, when faced with failure,
sometimes it is appropriate to work harder and put in more effort.
Sometimes it is appropriate to change strategy and try something different.
And sometimes it is appropriate to do both.
The hare and the tortoise also learnt another vital lesson. When we stop competing against a rival and instead start competing against the
situation, we perform far better
--------------------------------------------------------------------------------
Once upon a time a tortoise and a hare had an argument about who was faster.
They decided to settle the argument with a race. They agreed on a route and started off the race.
The hare shot ahead and ran briskly for some time. Then seeing that he was far ahead of the tortoise, he thought he'd sit under a tree for some time and relax before continuing the race. He sat under the tree and soon fell asleep.
The tortoise plodding on overtook him and soon finished the race, emerging as the undisputed champ.
The hare woke up and realized that he'd lost the race.
The moral- "Slow and steady wins the race. "
This is the version of the story that we've all grown up with.
THE STORY DOESN'T END HERE
there are few more interesting things.....it continues as follows......
The hare was disappointed at losing the race and he did some soul-searching.
He realized that he'd lost the race only because he had been overconfident, careless and lax.
If he had not taken things for granted, there's no way the tortoise could have beaten him. So he challenged the tortoise to another race.
The tortoise agreed. This time, the hare went all out and ran without
stopping from start to finish. He won by several miles.
The moral - " Fast and consistent will always beat the
slow and steady.It's good to be slow and steady; but it's better to be fast and reliable."
THE STORY DOESN'T END HERE
The tortoise did some thinking this time, and realized that there's no
way it can beat the hare in a race the way it was currently formatted.
It thought for a while, and then challenged the hare to another race, but
on a slightly different route. The hare agreed. They started off. In keeping
with his self-made commitment to be consistently fast, the hare took off and ran at top speed until he came to a broad river. The finishing line was a couple of kilometres on the other side of the river.
The hare sat there wondering what to do.
In the meantime the tortoise trundled along, got into the river, swam to the opposite bank, continued walking and finished the race.
The moral - "First identify your core competency and then change the playing field to suit your core competency."
THE STORY STILL HASN'T ENDED
The hare and the tortoise, by this time, had become
pretty good friends and they did some thinking together.
Both realized that the last race could have been run much better. So they decided to do the last race again, but to run as a team this time.
They started off, and this time the hare carried the tortoise till the riverbank. There, the tortoise tookover and swam across with the hare on his back. On the opposite bank, the hare again carried the tortoise and they reached the finishing line together. They both felt a greater sense of satisfaction than they'd felt earlier.
The moral - "It's good to be individually brilliant and to have strong
core competencies; but unless you're able to work in a team and harness each other's core competencies, you'll always perform below par because there will always be situations at which you'll do poorly and someone else
does well.
Teamwork is mainly about situational leadership, letting the person
with the relevant core competency for a situation take leadership.
Note that neither the hare nor the tortoise gave up after failures. The
hare decided to work harder and put in more effort after his failure. The
tortoise changed his strategy because he was already working as hard as
he could."
In life, when faced with failure,
sometimes it is appropriate to work harder and put in more effort.
Sometimes it is appropriate to change strategy and try something different.
And sometimes it is appropriate to do both.
The hare and the tortoise also learnt another vital lesson. When we stop competing against a rival and instead start competing against the
situation, we perform far better
- Status
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