Tuesday, September 29, 2009

Reserve Bank of India is the best

Marc Faber in an interview with Bloomberg says that the Reseve Bank of India is probably the best central bank in the world.

You can watch the intervew here (in the first part)

Mr Faber also predicts the collapse of capitalism. I assume, that India will also be affected, but much less, thanks to superior policy making by the RBI.

OPTIMISTIC PESSIMISM

The CrossHair Trader blog says:

"No matter how good your analysis, no matter how perfect your set-up or pattern may be, no matter how many others may agree with your analysis, and no matter how many wins in a row you have had, once you enter a trade anything can happen. In fact, you should be surprised every time you make money!”

Ed Seykota Quotes

Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money.

To avoid whipsaw losses, stop trading.

Risk no more than you can afford to lose and also risk enough so that a win is meaningful.

Trend following is an exercise in observing and responding to the ever-present moment of now.

Fundamentalists and anticipators may have difficulties with risk control because a trade keeps looking ‘better’ the more it goes against them.

Until you master the basic literature and spend some time with successful traders, you might consider confining your trading to the supermarket.

I don’t predict a nonexisting future.

It can be very expensive to try to convince the markets you are right.

4 comments:

Shazia said...

Sir,
I am truly amazed by your modesty and humility, and privleged to have the opportunity to interact with you in your blog. There is a thin line between a technical analysis and fundamentals which is easily crossed if not paying attention. I think technical analyst should never look at fundamentals, right sir ?
Thanks
Shazia

NITIN DAMLE said...

Sir,
Thanks for giving us oppourtunity to listen to a good video.
Taking courage from your comments today I have sold Nifty @ 5010 will use trailing stop to manage position
Thanks again
Nitin Damle

imentors said...

Dear Mr. Sudarshan Sukhani- Just to admit that - I have been reading and following your blog for last 18 months - sorry for not putting any comment- but after 18 months I can not resist myself. I would like to express and compliment you that- You are the TRADER in real means. You try to understand the human behavior,external factors,views and your experience -after amalgamating- you put your comments- I Feel - Your Market Understanding is very clear.You know the limitations of Market participants(investor,trader or institutions) and do not make conclusive conclusions- which most of the people do it- I have a request - Please give your views about Real Estate Industry also- Because - As per my work profile and experience - I have understood lot of anomalies in Real estate industry>> Please make people cautious there also.

LIC Agent Noida said...

Dear sir.. i made profit with out putting stops on the System and by keeping them in my mind.. if i keep stop on the System they are triggred but not accepted.. can you please clear where to put stops ??