Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: ThebigE who wrote (22703)	1/18/1999 2:09:00 AM
From: IQBAL LATIF	Respond to of 50167

The big E-- Thanks for your remarks.. These URL's may be of some help... mrci.com members.home.net Thanks Orbit for providing us with good links.. go to MA charts.. Markets are about indexes -on individual stocks you do make money but it is the indexes you benefit from big huge moves, it requires lot of time and learning but once you are on top of it, the possibilities are immense.. This thread has an individual view on stocks but I think we are also very well versed in identifying opportunity. On Brazil this has been one of our several hits in last three weeks excluding the call to go long at 1320 on composite we were picking up DDX at 90 and predicting SOX at 401 when it was languishing at 190 area.. Recently we made a good move in BKX as it bounced off 799 the last time and made a top at 872 to come back and test 778, where we longed it again. On OSX we went long at 49 to come out at 58 and looking for a new entry.. On SPH our exploits have been equally phenomenal we are one of those who predicted a filling of the gap at 1260 right at the top and encouraged long put positions for 4 5 or 7$ just a week before option expiry last Friday.. Our independent approach to find opportunity releases us from the constraints of bullish stance or a bearish stance we see that market opens every day and we like to trade every day on the idea of the day. We wee able to pick recently NOK.A at 127 LU at 99 and CSCO at 96 along with INTC 132 area... so all said and dome Brazil and other indexes makes this thread as one of the most diversified on SI and not only that it is very aggressive in recommending the strategies we implement on our own account.. I am also a firm believer that anyone who should write his 'heroics' should be decent enough to get a ticket cut and not before posting it has to be after posting.. based on this you find Idea thread with all its other attractions a place to be for a real trader and it is for this that every one comes here to seek what we mavericks are up to.. It is education and trading blended together with experience of likes of OJ James Judy Orbit JT Chuck Karun Tim Lee Sonki Cosmos Kevin Karim and many a others who contribute their ideas to help others not to loose.. Last but not least I bring to this thread the ultimate strategies what is happening in the pits, when I am long Pits are long when I am short pits are short.. it is for this that Ray aka Raj my bosom buddy and Kay in Paris together we bring 70-80 years of trading experience. We learnt our trading from the 'markets' but we paid our 'dues too' --absolutely, we are therefore one hell of a bunch we keep throwing arrogant messages like 'who dares win' gggg- on both side of the market more often than not you will see us sitting and enjoying our 'loots from panic's bit earlier than others.. It is only because we are in it every day, we are no 'fool bulls' neither we are 'stupid bears'. Our slogan is take what market gives you and market opens every day don't lose your capital in it, even when we are short we don't stand in front of moving trains. We are an opportunity thread and that is the only thing you will find here, looking for an opportunity for benefit of everyone and with malice to none.. It is our total commitment total sincerity and absolute know how of the market that we have survived so far and we run this thread from Pakistan with lines open to NY four hours a day as we also want to prove that 'distance is dead'. Welcome to world of Idea a world of 'no non sense macro economic directional trading' we are no mystic we have no crystal ball we follow trends and we know that markets are manipulated to suck in sellers at the worst time possible i.e. at the lows and buyers at the worst time that is at the highs.. Someone very rightly pointed out catching bottoms is no easy, for me it is if the fundamental picture remains the same I will not fight the tape. Last but not least cut your losses early and let your profit run a shade longer, you will always do alright and remember don't let your emotions rule your trading the emotions have to be subservient to your trading game plan. As a new entrant I will advise market opens every day don't ever loose your capital, opportunity comes along every two months and the ‘ big 1320 one' once or even twice a year be prepared to take it.. I hope you have a great future in trading ahead of you last one point never ever follow the herd it takes you to the dark depths of markets never to re-emerge, most of the time that is 80 out of hundred trades contrary trade is the best trade and once the trade is placed never second guess yourself.. When you start your day as a trader have a game plan and trade off news develop the habit of knowing what is behind the news.. Learning and more learning and more of it makes you feel every day how little you know and once that sense is in their you will never loose.. Cocky trading patterns lead to disasters and I say it often market grind very fine, every great guru sees and licks the dust of market floors and those who don't will stay ‘gurus' in their heads not in actual life's. INTC at low fifties is slogan of some gurus it is at 135 this is what market revenge is it lets them lick the wounds and if you don't learn you just don't trade you become that intellectual trader whose whole life is spent in winning glory from trades never executed, from markets which only existed in his own head.. Every day, even when you make 90 trades out of 100 profitable remember that market will hit back at you when it does. Don't ever be afraid to pull the trigger to take your loss, get out and wait when the 'revenge of the market is complete' get in, this is the ultimate lesson of never ever fight the tape..Some words of experience from someone who learned and paid his dues..Regards and best wishes for being bestowed with a quick learning ability I hope you climb the curve right with little tools I have outlined above..