पोथी पढ़ पढ़ जग मुआ, पंडित भया न कोए |
ढाई अक्षर ट्रेंड का, पढ़े सो पंडित होए ||
"People read many many books in their lives, but none becomes any wiser
One who understands the little word, "trend", only becomes wisest"
I have stopped reading all blogs forums lately. Not because of any fancy reason, but simply because all of them denounce technical analysis, as anything worthwhile. Although publicly, even I would maintain the same, but since this is a private blog I could admit the truth here.
Yes it's true to a great extent, that I have an inexhaustible supply of wits, but sometimes I grow restless and bored, and that is when I want to confess nothing but the wits.
I may blog about 1001 different techniques and trading system, but the truth is that one doesn't require an ample supply of divergent ideas to trade. One could yield to the habit of driving forward, the temptation of wearing clean clothes and still make money trading.
Also the esoteric secret of success in trading, is to buy high and sell higher, and vice-versa. But I feel that general public should not come to know about this, so I wouldn't talk about it publicly ever. Promise.
Also I feel, that SEBI should ban the word "Trend", never to be used in a public place, electronic media, internet or a public blog. Detecting trend is tantamount to insider trading. It should be banned in all forms. Also, computer programs that could draw straight lines over a picture, like Windows Paint, should be declared illegal, and people using them to identify trends should be booked under MRTP Act Sec 36A sub-section 5, which reads as, "permits the hoarding or destruction of goods, or refuses to sell the goods or to make them available for sale, or to provide any service, if such hoarding or destruction or refusal raises or tends to raise or is intended to raise, the cost of those or other similar goods or services." Serious Crime, huh,
I guess Vision Books India should also be booked under the same act for distributing information as to how to grow rich even without thinking! Poor Napoleon Hill, had he known about trading, he might have foregone the idea of writing books, or might have written, the unwritten classic, "Idle and Grow Rich"
This is indeed Callyug, the black era according to Indian Traditions. Failed traders give trading calls to new unsuspecting traders, who can't seem to think straight, leave alone draw straight lines.
Trading is not for intelligent types, the kind who have advanced degrees, and high profile jobs, beautiful fair skinned women as their wives and friends wives and co-office workers, as they would spend their lifetimes, searching for secret complex algorithm and in turn loose all their wealth and their savings.
It is for those, who wake up, late in the morning, have poor power supplies in their towns, have Sempron based systems, use Samsung Guru for a cellphone, and don't understand maths or science much. Could I be the one? I'd try!