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Trading All in ERG gone!

Discussion in 'Shares' started by wdongli, 13th Apr, 2012.

  1. wdongli

    wdongli Well-Known Member

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    If you are still enthusiastic for quick and easy money, a article to commiserate the demise of what had once been feted as Australia's greatest technology stock, ERG, is imperative to read.

    http://www.theage.com.au/business/a-tragedy-of-titanic-proportions-20120411-1wsa7.html

    ERG was a complete failure example: Great tech and Bad management. If we extend the logic of the failure of most of traders: Great real time price charts and bad mental framework to manage the money!

    As the author said, ERG could never bridge the schism between good technology and commercialization - between the idea and the reality. Few do. In the stock market, few could fill the schism too. They don't have the mental framework to do so!

    Have to say ERG made too much fun for its shareholders and I was excited by its rocketed price too around 2000. However most of traders or investors were too primary and inferior. Most of them lost their paper profit and capital both as I did.

    In a sheer insanity of the whole market, few win out!
     
  2. wdongli

    wdongli Well-Known Member

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    Trade and invest safely!

    The market ebbs and flows forever like ocean, which raises the hope that we could buy at relatively low and sell at relatively high for profit.

    It would be true that if you could be so always with the extremely good strength and skills. It would be false if you are lack of strength and skills financially. The market always makes the chances and hides the risks. The last decade said most of traders didn't have the strengths and skills.

    How about you? If you never have made enough profit in the stock market or simply just have had the losing experiences, how could you be sure you are not the losers but the winners with the required strength and skills?

    ***
    It is always true that when the traders want to buy something they are convinced they would get the profit. Traders know the risks and that is one of the reasons they tend to brace the "stopping losses." They hope they could stop the losses on time even few can do so always!

    Market is a wild field. There are always something out of our expectation. Traders seldom accept the assertion: it is very risky to trade the trend since wild market ocean could change the course at its will not ours!

    It needs the gut and cautions to win out in the market. You have to put your money on something and then you can get some return if you are at last right. Have you asked that what if you are wrong in the market?

    ***
    We do need to trade and invest safely. No safe -> you lose your money in unexpected bad time. If you lose your shirt one time, you could destroy your future financially.

    You have to count how much profit you should lock; what could make profit for you; what time a good business at what price could make you confident for your future profit; what time you have to hold for the future profit without discounting your safety; and what time you have to sell to lock the profit since the safety is gone for your profit.

    It is all about how you see the market, the world, and yourself. Do you have the disposition to trade and invest safely?

    ***
    At DOW 13000, there will be a challenge to everyone in the market. All of the traders know they should ride the trend but don't have good enough scheme to protect them for the trend against them.

    1. I prefer to buy low which makes by the market as a whole
    2. I want to sell before the market turns the traders crazy at peak
    3. I hope I could wait patiently for the market to correct its trend and buy at the price which gives me the confidence that I am sure I am safe with the counting of human errors.
    4. I want to zoom out for full picture and zoom in to get the bargains and lock the profit peacefully.

    ***
    Could I win out? I don't really care about it too much now. If we could surf on the ocean safely, we would enjoy what we do and bring some fishes home! Don't forget if you are drowned, you fail your sport and life!

    Someones keep to say it is all to stop the losses, which I held long time ago. However it is a very dangerous perception or idea. Don't trust me but take a day in the beach in a stormy day and observe what happen; ask you simple question, could you survive with the ship you have in the remote somewhere in the ocean with your surfboards?; do you have a ship which could let you get out just when the hurricane hit the place you are?

    All of traders are humans but few really thought they could make human errors with limited strength and skills for all of challenges; they don't think it is stupid to hit their heads against the wall; they hold something which would destroy them emotionally.
     
    Last edited by a moderator: 15th Apr, 2012
  3. wdongli

    wdongli Well-Known Member

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    Put the toes into a creative road!

    The challenges are few know when it is the safe time and place to surf in the market ocean. Am I an exceptional? Not a long time ago I thought I was but not now. Most of traders and investors just thought it is impossible for a good time and safe place for themselves.

    There would be some storms, big or small, around 13,000. I know it without need any deep thought since it is the nature of the market ocean. That was one of reasons I locked the profit. Risks can be avoided if we have right hunches and cautions about them.

    I hope I could buy when it touches new lowest points, which could provide the safety and confidence on the profit in the near or long future. Roll the snowball bit by bit for its bigger and bigger journey while I get my mind ready for better rolling result.

    ***
    What is the language for a trader or investor?

    Before we can know the right answer, we should know what human language is. It is unique in being a symbolic communication system that is learned instead of biologically inherited. It is on the top of culture and societies. Language has a lot symbols but each one of them is not linked to a specific item or matter without right combination with other symbols. Language is abstract. It differs us from the primary animals.

    To get your potential you have to master the language in your living societies. You have to be masters of the language and use it for your life goals. There are two key words here, master and goals. If you can not master the language, you are hopeless. If you could not use the language to get a goal-driving life in the stock market, where you want to get along, you are hopeless!

    ***
    I never feel so urgent to master the English not just for Engineering but art, social matters, wisdom, intelligence, and entertainment. Have you see the "ascent of human?" I did! It is amazing for me to review how the baby struggles to get the words and standup.

    If I do realize I am in my babyhood in the stock market, I have to get the words and struggle to get the necessary abstraction capability in the stock market. It is a stage I could not escape which I have started but never consciously work for it enough. It is the time I need to put myself in to master the language, English, and set my mental framework to live in this last human wild field safely and happily.

    I have listened ABC news for about a month. I could get most of points one day but get lost in another day. It makes me very disappointed in the day I got lost but the news, the philosopher zone, the contests of different views do open my mind.

    ***
    I am not a baby physically but a old with decades of life experiences. The learning of English challenges my biases, correct my misunderstanding of life logic, and then enforce my desires to put a strong base of my mental castle for my future, which should have 2 decades to go.

    I do love money but I love a enriched life much more. I do believe any enriched life needs the necessity and more resources to make good thing happen around him. Nothing is free and it need to put the toe in the right road sooner or later.

    I enjoy to read, ponder, and create, which was what I did in the past even I could not get the success as I expect after pulling my root every a few year. I want to create more without matter its consequences even I would try all for a good end.

    ***
    Now I have released most of my responsibilities as a father and I have put the necessary basis financially for my wife. I don't have any desire to pull my root again for another new adventure in my life. I want to insert my root into this lovely land and turn the stock market as my last workshop.

    I like to share but I hate to copy and paste. You have to create which is all of the meaning to be self-reliance. No creation no future for any babies in any fields of life. Creation means learning, trials and errors, and self-challenges. I want to be creative man until I die.

    I don't worry about my capability to create. I do worry about I could not wise enough to create with the necessary safety in the stock market. A step more in the road is always better than falling down into the hell!

    ***
    Yes, ERG is gone completely to the traders and investors. I am happy I had accumulated huge paper profit within it and lost all, which shocked me out of self-promotion, illusion, and delusion.

    I am lucky before I could have been thrown out of the market I got the lessons. Without this whack, I would be like most of traders repeat my insanities and struggle in the insanities until I sit at the sideline to view the useless YouTube or release my pains to leave away from the stock market!

    It was a turning point I would review it regularly. If you forget the pains from your failure, you would fail again! Actually the failure to lock the profit last year was the consequence since I became crazy again with the hope the trees could grow up into the moon, which never is possible!

    Note: YouTube itself is great but insanities abuse it to the extremes too. Sad to see YouTube becomes a tool to twist the emotion and offenses even I really understand why people tend to do so!
     
    Last edited by a moderator: 15th Apr, 2012
  4. wdongli

    wdongli Well-Known Member

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    Where is it going to?

    Everyone and every nation have their own interests. Feel good to read about what happen in China now.

    After decades of economic and market reforms, China comes to a point that it has to deal with something of a major philosophical issues, which are vital few but extremely important for the answers where it will go. China first of all was on an upward path, which was fact. It was growing at breakneck speed and this was causing great imbalance.

    It is dangerous to allow imbalances too big. How could China deal with the matter philosophically for success or failure in the coming years would greatly impact how the stock market perform. It also could give us a lot of lessons for our market involvement.

    ***
    China started its economic march by taking the market economies with the tolerance on any economic and market ideas. The great success of its economies and the failure of Western World's economies in recent years, has confused and perplexed a lot of people in China and around the world.

    There is a question that does China need to follow a western model in political system. It was a excuse or tactics to avoid political turmoil while the economies were at the brink to collapse that China would go its socialism road while it takes the market in full heart. Now it is a serious issue for a lot of people. Some in China believe that we've got a Chinese model that works - we're the last man standing.

    It has to say these generations in China are those who keep to question and take trials and errors.

    ***
    1. Some people started to run for a Chinese Own Model: big state, get rid of the small fry, use popular methods to control law and order, push actual law and order through the courts to one side.

    2. Most of people who suffered in the Cultural Revolution thought that this was a mistake. They thought the success not because of some special Chinese element but because of very hard reforms taking in the 1980s, because of a high cost paid then to run the same kinds of economic system as are found elsewhere in the world.

    3. China comes to a point it has to decide something strategically and philosophically!

    ***
    1. There are people arguing against Chinese exceptionalism, against China being something absolutely special and absolutely unlike anywhere else in the world.

    2. The economists particularly don't like that, they want to say 'well economic facts are economic facts' and you cannot deprive the private sector of finance forever, and you cannot pump everything up by state infrastructure investments forever, and so forth.

    Could China continue for chasing its economic excellence with better political and systematic structure? I feel much better to see a rising political leader, who preferred the RED SONG and heavy hand to control the societies, stood down. The system structure must be good to the society as a whole and the system structure has to give individuals the motivations to chase after the fair self-interests. It is the same in the stock market you have to get a right mental framework and you have to have the gut and motivation to take the affordable risks for profit!

    ***
    Seriously I dislike the economic and political model based on the fundamental communism or idealism, which let the government to control most of people's life. I don't believe China could be exceptional from other nations so that it could have a great economies but suppressed political or social structure. A government need to be slim and efficient and effect to provide the necessary services to its people no more and no less.

    In the stock market, we all need some strategical thought which would play the part at focal points. You have lost your shirts or have no sign to get profit enough for years. Some strategic and basic matters must be sorted out. Chances are in the risks and only so if we can sort out the matters strategically as the first step.

    Are you exceptional to run in the losing way for profit in the market? I believe it is insane if anyone think so. We do wrong thing since we have false beliefs if the wrong thing is not the result of human errors. Have you got some lessons from your past, what China is trying to do, and what West World's problems?
     
    Last edited by a moderator: 15th Apr, 2012
  5. wdongli

    wdongli Well-Known Member

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    No one wiser than he is!

    Most of traders or investors believe they are genius before they lose too much and feel regret and painful very much. Since they feel they are genius and actually they are not, they tend not to get any clues what really is wrong even after the reality has taught them they are completely wrong.

    They are dying financially with the belief they could make magic in the stock market and some of them even believe so after they lose the gut to put any more money into the market.

    Why do you cheer for your experiences which are just about how you make losses, stop losses, and have to leave away with the pains and confusion or worse illusion or delusion from the market?

    ***
    Have you heard that "there’s no one wiser than he is?" What's your first reaction for your losses, which you could not afford? Usually our first reaction is to disbelieve it.

    However the reality is you really don’t know anything good enough or at least you don't known what is of importance for your remote goal, fortune. Actually we tend to claim we know the market and hold the key for making some killings one after another.

    We believe we can make profit big enough even we make losses which could stop just as the amount we want. Too many of us claim to know a lot of stuff especially we could google as though we feel we know enough.

    Why do you use YouTube? You believe YouTube can tell something you can win out even it just give your a false feeling. Everyone can give a address for something displayed in YouTube but is the content the wisdom, intelligence, or skills for profit?

    ***
    We have to know we can’t be right always, but it has to be right in the market for profit. When you talk to people who have the money in the market, what do you find out they really know?

    We have to understand that there’s a lot of people who say they know things that don’t really know anything of very much importance at all. They’re very confused, there’s other people who know some things, but because of that they think they know everything, and there are some people who just can’t answer any basic questions at all.

    Well, you might have been right, but not in the way the stock market would reward in profit or good enough profit for you. Why? We have to admit "it was, because I didn’t have wisdom but I’m wiser in this respect, such as lines, patterns, and stopping losses only!

    ***
    Self-awareness and environment-awareness require the knowledge and methodologies which work within the limitation of yourself and environment. Do you agree that you should not think you have wisdom when you don’t?

    This question is about a very basic wisdom as human. This basic wisdom would define whom you are and what consequences you might get in the stock market. It is about the rightness with the counting of yourself and environment. The right answer would transform your ignorance into the motivation to investigate the probabilities how you win or lose in the stock market.

    We’re actually need to question ourselves and stock market, to think about them, to wonder about them, but hopefully we arrive at a point where we see a way in which we could be told about something, and maybe we could know that the great way in the first place actually is a way to lose!

    ***
    In the stock market, there are some words or beliefs as the myths. You need the beliefs but if your beliefs become myths for your market actions, you would use the negative edge of this double-edged sword, beliefs to cut yourself into pieces sooner or later.

    We should know myths have incredible power to control lives, not just the lives of people who are the irrational lot. It has the power to control the lives of even the most rational of people.

    We could not say we are completely irrational at least. However the reality in the stock market is that those most rational people in the society could not refuse to be attracted by some very powerful image, which have nothing to do with rationality and has its dire effect on these rational people.

    ***
    I am not irrational generally saying but I did become insane time by time in the stock market. This is one reason why I am so scared of some kinds of simple words such stopping losses and the over simplified lines and patterns.

    Medias are kind of propaganda, which could set up a lot of images to overwhelm the rationality in the stock market. Well, we all get our own propaganda to replace others' ones, but we should not ignore the power that image has to persuade even the most rational of people to be mad and lose the shirts in the stock market.

    So, the most important thing for us is if we’re going to have the use of any words or ideas or beliefs as the myths and images in our market practices. We need to be ones who can reflect in more accurate ways the truth of the matter about things and market.

    There are places where our beliefs that there are truth of the matter in stock market. We need to know right and wrong in stock market may differ from more recent views about that, more relativistic views about that, in even the near future.
     
    Last edited by a moderator: 16th Apr, 2012
  6. wdongli

    wdongli Well-Known Member

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    Discipline , force, and dispostioin

    We need disciplined in the market, which can be done by forces or voluntarily. In the life or market, any successes or failure if not set by pure luck or no luck, is based on how the discipline is achieved, by force or by the individuals.

    Usually it means something seriously wrong if you are disciplined by forces or you could behave properly for a win-win or self-interests or some causes you believe based on the sense or analysis of the changed public opinions, the possible consequences, truth or falseness, and so on.

    Market is a cruel place for money but few of individuals really care about its cruelty since most of them usually work for salaries and they just want to bet on something for some killing to change their life or finance.

    ***
    Self-discipline need some beliefs and knowledge for what can be expected or really needed. You must do it if you want to be alive, which stops everyone, who doesn't want to commit suicide, jumping into the fire.

    Since most of individuals in the stock market has not the issues to survival in this world, but do want to get more without efforts for what they want, they act insanely in general. If you ask any trader who has lost the shirt, few would tell you he was insane and had not disciplined. They simply never thought about what insanity is!

    A lot of people complain the Wall Street but they never have the senses to check themselves. Water is necessary for life but it could make people to be drown. Anything has the part to destroy things human doesn't want to see.

    ***
    You could not expect the money can be raised for business and everyone is the winner. It simply is impossible. You could not expect that everyone comes to the market just for contributing the money for other people's business for nothing.

    You could not expect no one use the system for their self-interests. You can not expect that the poor would know how to play in the stock market safely. You can not use the poor poorer as a excuse for your insanity without matter you are poor or rich.

    You have to know market naturally is a wild field even it has the rules to be sure if you are not insane you could get some profit. In social sense, the collective equality and fair must be asserted but it is wrong to talk "the poor becomes poorer" in the stock market. It is not its job for the equality in social meaning.

    ***
    So do you really want to win out in the stock market? Do you think you have to be alive, survival, and thrive in the stock market? Do you have the gut to face the cruelties of the stock market? If you could not get the answers right, you should work on your jobs and join some political parties for your causes.

    Have you asked whom you are in the stock market seriously? I am an market baby, who wants to get along with profit but keep to expose himself in risks. Most of time he just doesn't have sense about the risks and ignore the necessary protection with self-discipline.

    So what make us whom we are? The accumulated knowledge, senses, experiences, and so on which defines your disposition. The intensive efforts to promote my English listening to the level of mother language, give me the chances to see what disposition is and feel urgent to know this word more.

    ***
    What does disposition mean?

    It said that the noun DISPOSITION has 4 senses:

    1. your usual mood
    2. the act or means of getting rid of something
    3. an attitude of mind especially one that favors one alternative over others
    4. a natural or acquired habit or characteristic tendency in a person or thing

    Human has moods, is intelligent to change himself or environment within his capability for his benefit, has his own view about the world, needs the gut to face the external world, has to form his attitude in abstraction to change internally or external for his benefit, and all in all gets a natural or habit or characteristic tendency to win not lose even a lot of humans lose in the way to explore the world.

    ***
    So do you have the mood, the act or means, the attitude, and natural or acquired habit to win out in the market? Most of traders and investors don't have the right disposition to win out rather than lose in the stock market.

    If you have a disposition to lose, could you complain about Wall Street for your losses? Why don't stop yourself or change yourself? Poor itself doesn't tell too much whom you are but if you have a wrong disposition you would be poor in the Wall Street.

    Brave and intelligent explorers never complain but try all to change themselves to find the way to get what they really want. Unfortunately market is a place for explorers but at least 85% of the traders are not explorers and have no disposition to explore out safely and intelligently!

    Who's problem if you lose in the market?

    ***
    It is nice and necessary for a trader or investor know more about himself if he wants turn the stock market as his life workshop or cause to prove his personal value or take it as a springboard for his dream based on sound causes for winning out.

    1. It is about your usual mood

    How do you feel today? Why do you so upset or cheerful in the stock market?
    It said disposition denotes your attributes. Could I say what in your blood or cells or your brains make whom you are? So have you made any plan to make yourself better off in the stock market?

    Do you think a piece of Youtube would help your usual mood? It means some selection, right?

    2. disposition is temperament

    Are you easy to be provoked? Could you calm down before the looming disasters and focus on your work to find a safe exit? Are you happy or desperate everyday by the trivial many?

    Someone is never happy enough and someone just is too happy to get plan for future... Do you have a temperament while you are in risks you could calm down for chances?

    3. Do you know disposition" is a kind of nature or the complex of emotional and intellectual attributes that determine a person's characteristic actions and reactions?
    ...

    ***
    Deposition is all defined as an attitude of mind especially one that favors one alternative over others. I am an risk taker so that I tend to take unaffordable risk for my paper profit!

    It is about attitude; mental attitude (a complex mental state involving beliefs and feelings and values and dispositions to act in certain ways); It is also bout the perseveration (the tendency for a memory or idea to persist or recur without any apparent stimulus for it).

    What're you favor or disapproval? What do you like or dislike? What's your tastes? Do you incline to cheer for nothing in the stock market? Do you tend to tearfully cry for the poor becomes poorer and try to answer the right questions in wrong way?
    ...

    ***
    Life is good since you want to be good. Are you good enough? Do you know what you are not good enough? ERG was bad even it had a lot of good things. The traders around ERG were bad even they were good men in other fields. The traders failed since they didn't know what was good or bad around ERG and themselves.

    ERG to me was bad first but good later which forces me to recheck myself for my goodness and avoid my badness too! Each one can be a devil but a stupid devil without self- or environment-awareness just could not go long enough. Why do you worry about the devil, the Wall Street? If it would fail it will!

    No one is perfect so that we are always bad on something. Any bad things within you means risks. In the market you have to be ready to harness your insanity with the acquired everything you can or can afford for a right disposition!

    Are you a genius? If yes in the stock market, I would be shamed to be. He has some gifts maybe but out of his box he will fail! All have some gifts from our human evolution. Even we miss some gifts we could acquire and make us with the gifts which fits to the field we want to be.

    ***
    Anyway my English listening is at a very tricky stage. Suddenly one day I could get every words from ABC news and another day I get completely lost. When I got all of the words I felt excited but when I got nothing I turned very disappointed since it was not what I want.

    However I do know there were barriers since disposition means we tend to do what we believe or what we can do. These barriers need the stimulation to break down for a right mental framework for the English listening. These barriers one side protect what we have got but it also means the proceed to beak the barriers for better disposition or listening capability.

    Mind updating needs the time and the seamless or intensive efforts which we could sustain. I am in the way to get my English as my mother language. It would open the new scene for my late 50s, 60s, or better 90s. I have a lot of things I could not have in my 20s and 30s. I do hope my body would not be so fragile to think too quick so that I could make my second life wisely!

    ***
    Have to say I inclined to be a scholar for some specific ideas which are similar the ideas how to drill holes needed by someones who would like to pay.

    In the stock market, you don't have direct bosses who would like to pay for what you do but you have to sort out what holes could satisfy someones interests indirectly. It needs strategical and tactical mixed minds.

    You should not allow your favorite to drill too many holes which turn to be your traps. So before you drill the holes you have to know it is worthwhile and safe.

    ***
    In my life between 20 - 40, I drilled the holes in China, England, Ireland, and here. I acted as the nomad to chase the dream reality or idealization however the harvest needs the settlement and sit somewhere to get the jobs down for some good surplus.

    In my late of 40 and early 50, I did realize I could not drill holes only when my body energy could not be vigorous as my 20s. I do need to use my wisdom and nurture from the soil I do thing on. How to wisely go into my 80s or 90s or whatsoever I could be?

    Is stock market a place I could be wise and use the wisdom to expand my life into abstractions and things I never touched before? We are human who need the necessities without matter we like or dislike. Could the stock market provide a base for me to get into this still strange society?

    ***
    I do understand all of words from me sounds ridiculous. You are old and then usually it means you can not do much anymore let alone it is hard to link the philosophy, the view of the world, the attitudes to the senior life or last stage of our life, the wisdom, and complete entertainment of life, into one of mind.

    Why do most of us come into the stock market? It is because the internet, the desire to get the quick money to get a cups of beers, the mesons along the coast, and all around the materials we really need for life good or bad.

    However human is never so primary even all of us could be fired by our primary instincts. Some would go out the old disposition by challenge themselves. It means sacrifices to challenge anything. I am excited by the improvement in my English listening, which shed the light that I still am an ambitious explorer and am still not so weak to take the challenge to make me wise and use the wisdom.

    ***
    Language means a lot. You can use a fluent English to be drunk and support your insanity but if you want to update your mental framework, a excellent English in Australia would give you the tool to open up the doors to do what you like to do within your limitation.

    Could I publish some papers in English about social and market matter as I used to publish my Engineering paper? All of us need some specialties. It is not too late even my first paper about market just could be published with honor in my 90s.

    It is my Univ with self-devised course for my 70s - 90s if I could live so long! English is just the point I should take as a start!
     
    Last edited by a moderator: 17th Apr, 2012
  7. wdongli

    wdongli Well-Known Member

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    Fear or cheer?

    DOW surprised people to shoot up nearly 200 points and XAO follows the suite with 55 points up at this moment. What do you feel, cheer or fear? It depends whom you are and where you put your toes into the market last time.

    Emotion drive the price up/down. Have you missed this up boat, which is so important for the traders? It means the loss and profit in days. In days, the trading is a zero-sum game. In months, the trend can destroy or generate your money. In years, the vision would define what you would hold in hands. Yes, of course it is what my views only.

    I do hope to see DOW comes to 15000 or better 20000. After a decade in range, especially GFC, too many have been beaten down to the ground. It should be reasonable evaluation: most of individual traders have raised white flags for sometimes; some have teared or cheered with the winding.

    ***
    It is always painful to see the shares goes up frantically after you have sold. It is not happy matter too to see the share price drops down another 50% after you have bought. However is it wise to feel so? Of course not!

    You have to buy any share which would drop down 10% more than you would like to pay. You have to be happy to sell for the profit you don't want to lose. No too many really know where the pendulum market would swing tomorrow. It is easy to say but hard to do: never buy anything if you can not sell at higher price; sell to lock the profit you don't want to lose. How do you know it would be up before you buy?

    All of us like the profit and the better the more the profit, which put us in fear that what if the price shoot up another 5 times? We all naturally are greedy or fearful since we could not tell the truth and false in most of time.

    We are gamblers which make us to jump into the market!
     
  8. wdongli

    wdongli Well-Known Member

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    Second life and retirement

    As we become old, we could be wiser but less ambitious about the life, which is not wrong but seems fit to most of people. Could we use the wisdom or experiences in some sort of 20 or 30 years, to create something valuable? Of course it depends the status of your mental health. Are you still OK mentally? Could you make the brain better by re-integrating wisely?

    It is tough and tedious for a experienced people to come down to the bottom of his mind for some significant change. It is imperative to let you zoom in and out for wise selection of the choices and risks in the stock market. It is highly likely you have to destroy something in your mind and then you could start to roll your little snowball bigger and bigger for entertainment.

    The views of market and life is the base for our actions. The views from the capability how we could use the most basic communication tools for raw data and choosing of the raw data, and how we process the raw data for our benefit.

    ***
    I do feel I could have another 30 years with some lucks to go. The advance of sciences and technologies provide this possibilities. The efforts to be wiser within the inherent mental limitation would extend the life of the brains.

    It seems not dream you could achieve something in a steady but more objective driving life in the next 30 years. Do you want to gamble on you could be healthy enough in next 30 years? If 30 years just makes you to be an worker or professional, I bet if we do in plan with good strategy and plan we could be very successful.

    In the human history and its evolution, the steady life from some sort of surplus of foods makes the Wall Street possible since we get more time to think.

    ***
    We rushed into the market with little prepared minds. If we lost the shirts in the past, in the Wall Street, in our hedge funds, it is fair to say all of the losers deserve to be so.

    You build shabby sheds with the dream of unbeatable castles and then you should know but few really know what their castles would be. They would be the castles over the air. When a few years ago I cheered for stopping losses, I really didn't know what causes and effects I should look after in the stock market.

    What is the losses to you? Why do you get the losses? Who made the patterns and where and when they would repeat? Yes I did believe patterns covered everything then but it simply could not!

    ***
    What's the most basic thing I should fix first for my next 30 years so that I could wisely work in the stock market first? I am working on it and hope I could get wiser when I have being tried to find the right answer.

    Just listened a interesting news about age discrimination and government scheme to help old Australians for job. It was a tradition of nomad tribes before agricultural societies, that old people were left behind for their dying out. The reasons were cruel but necessary for the tribes to survive: The old could not generate foods surplus for themselves and the tribes could not generate surplus for these old!

    Human kind has evolved into a age. Mental work has overwhelmed over the physical one in economy advanced nations. How could we use our own mental power at 50s, 60s, even 90s for our self-reliance or better bring more surplus for the societies?

    ***
    We get used to think to be retired after 55 but it seems need to be challenged by our generations who are in their 50s/60s! We could redesign our life in this information exploration time even we may not be ready to act so.

    To me I have identified what I should focus on to redesign my life for much longer life expectation. I have spent years in the stock market. I did make errors without a sound mental framework to run it as a valid business. I need to make English as my mother language to speed up the information digest and mental framework updating. I need to balance between the chances and risks as each business has to do.

    I intentionally ignored the need to promote my English listening as a short cut which let me feel I even didn't need it. Now it is time to fix it not for what I need to do now but in 30 years horizon while keeping my heart young enough.

    ***
    What urgent but achievable task per year to me in the stock market? Getting a trustful cash income about 20,000 to compensate my rental incomes. Before this target is achieved I should not chase after the killing even with a very good protection for my capital.

    Not long ago, all of my goals in the stock market are to get several killings per year. I did get some exciting killings every year between 2004 - 2010 every year but I was also driven by the desires for killings and then become very greedy so that I could not keep myself and my portfolio balanced in 2011, in which I lost all of the paper profit. I put my little snowball onto the fire last year. I just could blame on myself but anyone else!

    I have to say I was very frustrated and confused in the last one year. I refused to set up a realistic profit target even I did feel I need to build a last defensive line for myself. I slowly but resolutely decide I need to update my mental framework from the very cardinal basic matters about life and market.

    ***
    By the way, I feel there are biases in the words "the discrimination of old people" which actually failed to recognize the fact that a lot of people in their 50s also start to give up their efforts to use the wisdom accumulated in the life which last for decades. A man have to make his life, good or bad, if he has the breathes.

    Generally saying the societies and the people in their 50s have shadowed by some old ideas which were rational when the societies were still crowded by blue callers, low healthy standard, and limited chances for self-education.

    I did love stock market but it also possible we could start some business which needs the wisdom more than the quick hands and minds. Don't leave yourself behind to see the nomad moves away... but build your new land for some surplus of the societies!

    ***
    It needs some guts and courage for the people at 50s or over to make second life. In the dramatically changed modern time, you need to find a way to make your gut to create and learn to deal with the changes.

    History of miserable life of old people due to limited food for societies would put load on people even old people can do much better than their precedents. Could you, even you are not so lucky to get a life position as very few prestige and lucky people?

    I did feel lucky in this time since I do remember that old people at the age when I was 20s. They simply could not do anything to master their life if they didn't have the political power. We are lucky enough in this wonderful time as human without matter the future is!
     
    Last edited by a moderator: 19th Apr, 2012