Sunday, May 29, 2016

My opinion on your opinion

I am right, you are wrong is a familiar debate that we face every now and then. Many times I post a news of interest "to me" on facebook mostly "for myself" to keep track of things that "I need to" and get blasted randomly by someone who gets offended by the news. I use facebook more as a news feed than a networking site. As far as opinions are concerned, neither your's nor mine is of any value to me. I believe and follow market opinion which is much greater than you or me individually. It is the opinion aggregated over millions of opinions of some of the smartest people on earth with real time access to all the information in the world. I try to understand what the market thinks and align myself to the winning side. If I get it right, I make a decent profit. If I get it wrong, I make a punishing loss and then I correct myself.
So once again to put things into perspective, I believe in market opinion and if I go wrong I correct myself based on the market feedback.

I am the proverbial bad boy when it comes to opinions & suggestions
Given that I have access to such a massive source of intelligence, I usually don't bother about "individual" opinions. Individual opinions are important to me if it can be aggregated with the market opinion as a part of the whole instead of seeking to be the whole in itself. However if anyone thinks that they can transform my thinking by preaching their opinion to me or blasting me or my posts, please do not waste your time and effort. Time and effort is money according to me and I always discourage wasting money (invest it, don't waste it) .

The Central Intelligence Server
Now that we are clear on the worthlessness of individual opinions (your's and mine included) let me take this opportunity to introduce you to this vast store of intelligence available for free to all of us. It is called the stock market. It is a place of confluence of all sorts of opinions news, views, controversy, hypocrisy, real, fake BUT at the same time it is a place where the right view ultimately crystallizes into a pattern or a bias and the wrong view slowly disappears into a black hole because market has an inbuilt mechanism that rewards the right opinion and ruthlessly punishes the wrong opinion on a continuous basis. For me that is a wonderful way of testing if my analysis is right or wrong. I am right if I am on the winning side and wrong if I am on the losing side.
Following the stock market, you can also get to follow some of the most successful people on earth the Tata's, Birla's, Damani's and Jhunjhunwala's very closely, people who have proven to be right most of the time for the longest time. When you have access to such a proven source of information which is flocked by some of the best minds in the world, then why waste your time on individual opinions?
So next time your blood boils because of any of my posts and you feel like giving me a piece of your mind please remember "I don't care". So take a chill pill, like, ignore or just move on with your life !

Sunday, May 1, 2016

newbie to pro in one hour

This set of 5 videos should take you from newbie to pro in stock market in less than an hour. Enjoy!

Getting started with stock market





Stock Market Technicals vs Fundamentals




First Investment





Simple support & resistance for complex trend analysis & technical forecasting





Building a portfolio


Coming Soon ....