Maybe God wants us to meet a few wrong people before meeting the right one so that when we finally meet the right person, we will know how to be grateful for that gift।
When the door of happiness closes, another opens, but often times we look so long at the closed door that we don't see the one which has been opened for us।
The best kind of friend is the kind you can sit on a porch and swing with, never say a word, and then walk away feeling like it was the best conversation you've ever had।
It's true that we don't know what we've got until we lose it, but it's also true that we don't know what we've been missing until it arrives।
Giving someone all your love is never an assurance that they'll love you back! Don't expect love in return; just wait for it to grow in their heart but if it doesn't, be content it grew in yours।
It takes only a minute to get a crush on someone, an hour to like someone, and a day to love someone, but it takes a lifetime to forget someone।
Don't go for looks; they can deceive। Don't go for wealth; even that fades away. Go for someone who makes you smile because it takes only a smile to make a dark day seem bright.
Find the one that makes your heart smile। There are moments in life when you miss someone so much that you just want to pick them from your dreams and hug them for real!
Dream what you want to dream; go where you want to go; be what you want to be, because you have only one life and one chance to do all the things you want to do।
May you have enough happiness to make you sweet, enough trials to make you strong, enough sorrow to keep you human, enough hope to make you happy।
Always put yourself in others' shoes। If you feel that it hurts you, it probably hurts the other person, too.
The happiest of people don't necessarily have the best of everything; they just make the most of everything that comes along their way।
Happiness lies for those who cry, those who hurt, those who have searched, and those who have tried, for only they can appreciate the importance of people who have touched their lives।
Love begins with a smile, grows with a kiss and ends with a tear।
The brightest future will always be based on a forgotten past, you can't go on well in life until you let go of your past failures and heartaches।
When you were born, you were crying and everyone around you was smiling। Live your life so that when you die, you're the one who is smiling and everyone around you is crying.
Day trading or trading for that matter requires at least 5:30 hrs of constant sitting on the terminal - if you can't then you DON'T day trade.
Forget the ideas of putting limit orders - they are easier said than done.
To trade/day trade the most imp. attribute is decipline - and a desciplined trader puts limits on either side - and without experience you just can't predict which will be hit first. Most often - inexperienced traders/day traders get hit on the wrong side and eventually lose money.
Day trading or trading is not done or talked of in a RAMPAGING BULL MARKET like this one - pl. read "reminiscence of a stock broker by Larrry Livingston" - trading or day trading is done only in A SIDE-WAYS MARKET.
In this bull phase (2003--2007), everyone in the market knows, the only losers in the market are the traders - every INVESTOR worth his salt has earned hugely. Well IFCI holders know it better than me.
A few criteria are -
(a) At least a few years of experience as an investor
(b) A thorough understanding of market dynamics - should be well read abt. markets
(c) A work experience in the stock market - with some broker - this will give one - the insight of all the underhand play and how price movements take place - and also the feel of market
(d) A good health, no heart or blood pressure problems or you may even fall ill, it just drains you out, at the end - you can't withstand the intense pressure.
(e) A very stable mind - no panic no fear.
However, there are a few +ves to day trading too-
2 to 5% of the traders will earn all the money the rest will lose, so you can become very rich very fast - provided you have the experience -- tips don't work.
No major crash can affect you, the way investors can erode their wealth in a falling market - you will be untouched.
After the day ends, you are always free of tension of what will happen tomorrow.
You can earn in a downtrend, which investors can't.
1. Money management becomes your lifeline, and all your trading strategies start to revolve around its core. Risk control becomes a key aspect of every position you take. You accept that controlling losses has a far-greater impact on your bottom line than chasing gains.
2. You develop your own trading plans and strategies rather than relying on books and news. You notice how you're finding more opportunities than you have time to trade while looking through your charts. You look forward to the trading day with a growing sense of confidence and empowerment.
3. You feel more like a student than a master. You learn new things every day and can't wait to apply them to real-life trading scenarios. You listen closely to everything you hear, trying to pick up hints and concepts that will improve your performance. You expand your studies into everything market-related, including economics, fundamentals and balance sheets.
4. You stop visiting stock boards and chatrooms, because they don't add anything to your trading goals. You realize that everyone in those places has ulterior motives. You develop a healthy skepticism about companies, market-makers and even other traders. You realize that no one is really interested in your success as a trader, except for you.
5. You become more private in your discussions about the market with family and friends. You learn to keep your opinions to yourself, because they're just idle discussion. You never talk about open positions or ask others what to do with them. You recognize that opinions count only when they're backed up by cold, hard cash.
6. Trading starts to feel like any other successful profession. Your average profits get bigger while your losses get smaller. You experience fewer drawdowns that drain your capital and undermine your confidence. Your trading day starts to get a little boring, but you prefer the lack of emotional highs and lows.
7. You grade your performance each day and recognize when your actions did not meet your rising standards. You notice how certain times of the day are particularly dangerous or rewarding for your trading style. You keep a written diary that describes your strengths and weaknesses in stark detail.
8. You never cut corners in your market analysis, no matter how tired or exhilarated you feel at the end of the day. You set aside time to review your daily results, download fresh data and uncover themes for the next session. You don't trade at all when nonmarket matters keep you from finishing your nightly preparation.
9. You watch all types of markets, even those you're not trading at the time. You realize the next opportunity could come from anywhere, and you want to be prepared. You also understand that your trading interests will change over time, so you want to be ready for the next big thing.
10. You keep detailed trading records and update them on a nightly basis. You look at both profits and losses with complete detachment and a keen eye for self-improvement. You don't "conveniently" fail to include those trades you'd rather forget about.