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Trading There are the hopes!

Discussion in 'Shares' started by wdongli, 8th May, 2012.

  1. wdongli

    wdongli Well-Known Member

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    Stock markets are the rollers-coasters. It tends to lift or drop the people abruptly and most of people just don't have clue why they are beaten by the stock market.

    The funny thing is most of losers believe they can touch the pulses with their own simple road map, such as "stopping losses" or lines of support, resistance, and so on; most of winners don't believe they can predict or see the shape of future exactly.

    Crowd has no brain but there are hopes when they stampede each other rushing to the exit in the reverberation of the elections of Greece and Europe. The crowd can see more troubles from the elections in Europe and is reacting in keen jerk ways!

    ***
    It is important to know how and why the crowd react to some exceptional or consequential events around the world and it is also important to get the logic concepts of the crisis development.

    1. Greece could not form a collation government since most of Greece people have seen the tragedies more than savage of austerities.

    2. French feels the pains of austerities too but its election is not just the results of angers but the desire to change.

    In short term, the elections and their ripples into European systems, would scare the market very much and some knee jerk reactions among the traders and investors are inevitable.

    It would drive more gut-lost traders to leave from their painful or cheerful casinos in the stock market.

    ***
    However looking back, the election results were a natural development of EU crisis as a patient who touches the door of the hell but struggles to be alive:

    1. crisis happened and suddenly everything was in water

    2. Rushed to exit or flight to safety heaven while policy makers failed to get the solutions

    3. Drastic measures were taken but side effects started to hurt the society.

    4. Correction on the side effects of austerities seems inevitable since the people starts to struggle for their survivals in Greece and feel hopeless of the austerity without growth.

    I don't see EU could be in the growth road for days but it has to be balanced between the growth and austerity. The election results just raised the question how to get life better rather than destruct it.

    How? I don't know but do feel the question about the austerity and growth has to be asked rightly!

    ***
    So what's the next? How does the stock market react? What's US election to DOW and then XAO? What's the soft landing of China's economies to XAO? Is XAO in the pitch dark night or in the dawn of another sunny season?

    Don't know the answers since I have to focus on my English Listening for a breakthrough. Do feel there are hopes ahead and more hopes than those last year! Could and how do I use these hopes for my profit, a very self-interested matter?

    The first question is what're the hopes, which are false images in my brains or simply I don't have the capabilities to identify the hopes and use it wisely and intelligently? I do feel I am not qualified to get the right answer so far but I will train me to be!

    ***
    We all want to be successful for what we want, truth or falseness about life. It let me feel not too bad that I believe everyone could win out in the stock markets which is fully legal and ethical.

    Unfortunately they are different matters what can do or what is done successfully. I have spent a decade times by time in stock market but I did fail to do my job to get big enough profits. Traders know it is insane to repeat things for different results but few could get the resolution to change. In a lot of cases, anyone who want to be changed, are views as idiots, stupids, and insane bums. No one care what you do but the consequences even consequences are telling the past not the future.

    Therefore if you want to change don't mind others views about you since if you are not extremely unlucky you would get your way to win out sooner or later. Of course you need to know the logic of wild field and never lose consciousness and protection for yourself.

    ***
    Is it fair to say that government can give the poor or old the money through second wealth distribution but Mr Market would destroy the idiots or stupids or fools away without matter you are poor or rich?

    Would Mr Market get the money from the rich for the poor? So what's the point for you to cry for the fact that the poor becomes poorer in the stock markets? If you only have the experiences to be the idiots is it logic and legal for you to be losers even you could get the money from the government without doing any jobs?

    In the stock market, you are not fighting for social fairness but fighting for your income, financial bases for what you like, and then pay more tax for the wealth to be distributed evenly.

    If you can not pay your tax due to your losses, you deserve to be poorer in the stock market.
     
    Last edited by a moderator: 8th May, 2012
  2. wdongli

    wdongli Well-Known Member

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    Academic failure about the poors!

    New budget will give the cash to the poor who have the kids, as news said. It is a good news if anyone can get the money or want to use it to know the gambling habit of the poor in the stock market.

    (if you want to hear the news, google for "Where will budget bonuses end up?")

    1. Retailers expect their good days from these poor:

    It was said "normally, on every second Thursday when it's pension day, we have a really good day. But when the stimulus package came out we had a few great weeks."

    When a owner of a shop was ask, she answered: "Yeah, oh yeah. Oh yeah, it's every time something- they get a lot of money, our sales just peak. They probably go up 20 per cent, 25 per cent - something like that."

    (wli: it seemed the poor spend the money as quickly as they get it for fun. It seemed true in experiences)

    ***
    2. Professor Peter Whiteford said:

    "People spend it on whatever their priorities are at the time the money comes in.

    ...if you are adding to people's economic resources and they do something else that is valuable for them at the time it will, you know, reduce pressure on them later on when they need to spend money on sending their kids back to school."

    (wli: Professor thought we are rational about the money. It seemed all tend to set up the goals, make the plan, and have priorities to spend. It said as the paradise: all of us can manage our own matters properly. To me it is nonsense at all. Oh these bizarre people on the ivory towers!)

    ***
    3. Analysis based on perfect human natures from this professor:

    "Households have actually battened down the hatches, if that's the right term, and have increased their savings rates quite substantially.

    And the difference is that you know people will be anticipating increases in electricity and gas bills, and a lot of the concern that the retail sector has about spending is also a sign of that new caution."

    (Wli: Shi*! How many traders have lost their shirts? How many traders count the risks to loss all before they buy something? In Australia, if you are poor, I believe, something wrong with yourself, even I agree that the society should be fair to the poor such as me!)

    ***
    In the market, I feel the shop owner can win out but this professor would lose his shirt and get the food from the dole at last.

    This modern education system does train this high IQ idiots of the stock market in batches. Too many of us are the sacrifices of this tool education system. Not long time ago I was an idiot of this kind and I do feel it is very hard to be not idiots in the stock market after you have been trained as tools for some specific tasks.

    What's about your IQ? Should not be too low but it is usual that High IQ -> idiots in the stock market. No too many, if their IQ is very low, can find a YouTube for their own tastes. But your tastes if not fit to Mr Market, you would lose your shirts. The logic to win out in the stock market is just so simple!

    Don't take this logic? Genius, if you could not lose your shirts, wastes your IQ!
     
    Last edited by a moderator: 8th May, 2012
  3. wdongli

    wdongli Well-Known Member

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    Flight from the stock market

    Happy to see the flight has being taken away from the stock market which would curse the crowd and its sentiment again. Happy I did sell the shares which had given me the profit which I did worry to lose before this flight.

    Do feel after a few months to be upward within the bottom, the stock market would be in another free-dropping mode to touch the lower part again. This process should last months if not years. It is miserable for anyone to stay in the ruins since the thing could be worse and much worse than people's expectation.

    Do hope I could identify the time when most of warriors would be hurt terribly again and then they desperately want to sell their shares at the fire-sale price. The traders tend to sell more than buy and then you have to hold your buying before the selling is going enough.

    ***
    I still could not calculate the worst cases in my expected holding horizon since the limitation of my mental framework so far. I would be extremely cautious about the safety of my corner and remember the possible damages caused by my out-of-date mental framework.

    I understand I could be a warrior again in the stock market as most of traders. It is my responsibility to let me out of the lines of the warriors. It is my responsibility to let me work for my profitable service for the warriors. I understand their pains but I just could help them when and only when they would sell on fire or after they could not move around any more.

    I am learning to wait for the profit drop into my hands! I have to hold the margin of safety tightly, which would let me hold steady rather than running as the headless cats that most of traders do!

    ***
    I do know I am so easy to be insane and idiotic since the defection of my mental framework. I am not qualified to run in the stock market. It is not the race for championship but roll the snow ball day by bay for its bigger size and enjoy its process.

    I would crawl around my corner to see the dirty cheapness, enough margin of safety, immediate profit just after buying to avoid stopping the losses, and intelligent balance between the budget and long term value.

    I just could be a Marathon runners and I am not in the age to run 10 second for 100 meter. I don't need to be cheered by anyone at any time but I do need to be the one who could run reasonable good at the last day of my life.

    ***
    1. All of losers need comrades to support them sensationally and psychologically. I did want it before 2004.

    2. All of losers need consolation from their comrades. They need a team but no one is qualified as leaders. I desperately needed the team before 2004.

    3. You need to be your leader and have to make chances to grow up mentally! It is about fate not feeling. You need the responsibility for yourselves first and then you could have the qualification to work for others.

    4. You have to be a expert to zoom out for full picture of the stock market and then you have to get the skills to zoom in to the bottom for the margin of safety and profit.

    5. You don't have the privilege to find excuses for your failure and loss. I did try all to prove nothing was my fault before 2004. I did feel regret and shocked by my failure in 2011 and could not find any excuses from anyone and anywhere.

    6. You are market babies. You could be premature and ill-nurtured since your comrades could not look after you as your moms. You put your hand on the fire, which is acceptable but you have to learn the lessons and never forget.

    7. No trials and errors are allowed if you could not afford the cost!

    ***
    You could be premature with full of losing experiences as most of losers in the stock market.
     
    Last edited by a moderator: 9th May, 2012
  4. wdongli

    wdongli Well-Known Member

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    ...continue.

    I have to get plenty of stamina and wisdom for this running. I do know I tend to have too much fear and greed. It is the time I should overcome my fear that if I don't take the train I would miss all.

    There are a lot of trains to the future profitably. If we miss one we could go on board of next trains or some which are later or much later. We should not sacrifice our financial life just for trains not our snow balls or our destination.

    I do feel I need to be

    1. loss-free in portfolio wide first, which is the direct goal for any transactions, no any single transaction should put the portfolio in loss position, no any big enough profit should be hung there, and never think about others before this goal is guaranteed.

    It is a challenge to survive. No one could be alive in contrition war and you have to roll your snow ball bigger rather than smaller! Don't use any YouTube, Slogan, Assertion, whatever you like, to rationalize your losses!

    You would lose your home if you burn it down! Sorry no one can save you in this case!

    ***
    2. cash-income to support ourselves for self-reliance second,

    No one would say self-reliance is wrong, but most of traders don't know how to realize it in the stock market. It is not tech or IQ issue but the sense and logic about the life and stock market.

    What's for at last you put your money into the stock market? It is a balance point and it is the pivot point for your market action and practice. Without this point you would be traded in sooner or later.

    Do remember if you could not help others, it is OK, but if you could not help yourselves, you are in trouble. You have to look after yourself.

    ***
    If you put money into the stock market you have to get enough income in the stock market to cover all of your necessities. For example if you need $200,000 for a balance of expense and income, you have to get this goal first.

    You need this cash income to let you stay in the stock market and buy the time to update your mental framework until your snow ball can be big enough!. It is a threshold to be survival and revival. You have cross this point and then you would have chance to build fortune, big or small when you run towards to your destination.

    No self-reliance you could not get the right to use your time and efforts on what you love to do. Logically you have to run your portfolio for this stage and before you get there you should not dream to get some killings to get your life turning points.

    ***
    3. fulfill the goal of budget as necessity third

    4. lay the seeds for great black swans and good enough profit fourth. The seeds must be high quality and from due-diligence.

    5. all ask the question of the losing probability and the profit prospect must be greater than the losing one.

    ***
    It is very cold while it is brewing the hopes.

    Without matter what the environment is, hopes and profits to any individuals need the discipline to buy for profit rather than losses. It is true no one could predict the lowest points exactly but you have to buy at the price much lower than you paid.

    Logically we don't need the exactness. We do need the crash and correction, if they happen, just passed or at its last few days. Stock market is a rollers-coasters. When it is in crash time all would be down!

    It is extremely important to know what should hold after the crash and what the price would give you enough margin of safety! Information free flow generates the risks and chances!

    ***
    Do hope the storm could be heavier but not damming strong to destroy the sky. If the sky would be there, the profit and loss depends on my behavior and my disposition. I don't think I have got the right habit and disposition but I should be wise enough to get them fit to the requirements of Mr Market.

    As a businesslike market player, I will learn to deal with each of my buying, selling, and holding as the gentle rolling of a small snow ball in the wild field, which is full of snow but very cold plus the storms...

    I do hope I could remember the snow balls could be destroyed very easily there even it could have some sunny days when all of genius and bums could roll their snow balls bigger! I want to hold my snow ball in my corner and roll it out when it should be rolled and rolled.

    Fail safe to roll!

    ***
    DOW shed another 170 points around so far. It really hurt the sentiment of the traders. All of forums for stock market become died quiet. A lot of people would worry about where XAO will be tomorrow.

    In my corner, I do feel not too bad. I do hope XAO could lead the world again for the real or false GFCII. The stock market needs another crash to drive all of the experienced fools out of the market, who just come out for easy money. If the fools would not run away, no sunny days for stock market.

    I could not say I am wise but I have gone through a very bump road and put a lot of time to update my mental framework. I am in my corner and really hope the crash could do its job and then I could do my service for the warriors.

    ***
    It is very obvious since last April the bumps would last for sometimes. A patient which has been hurt terribly needs the time and effort to recover. In the road to recover, he could fall down times by times.

    All in the market expect some quick and easy money, which just doesn't exist, at least not now. A bush fire would destroy all of weeds and rubbish for a new era, without matter we like or not. You need your last defensive line for the fire. It was what I believe since last April and my failure to lock the paper profit. I am happy I have put so much effort for my defensive line since then.

    Do remember market could become worse and much worse than you expect. It seems the market needs more blood from the warriors. We should not be arrogant and should protect ourselves first.

    To win out, you must be right, decisive, and focus on.
     
    Last edited by a moderator: 10th May, 2012
  5. wdongli

    wdongli Well-Known Member

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    She crossed the finish line in honor!

    I felt aspirated by a news:

    "It's surely one of the slowest marathons ever run. Claire Lomas took sixteen days to complete the 42 kilometre course."

    1. Claire has paralysed from the waist down. She's the first to complete a marathon in a bionic suit.

    2. In the stock market, the goal is more important than the time and efforts. It is all that you get your goal for long enough time.

    Do you have your goals and would like to get your goal rather than run in a way for easy and quick gratification?

    ***
    "Three mounted members of the Household Cavalry gave the 32-year-old a guard of honour as she finished the course." Me too!

    CLAIRE LOMAS:

    1. Yeah, I'm paralysed from the chest-down from a horse riding accident and the robotic suit has joints at the ankle, knee and hip, sensors above the pelvis and I walk with crutches.

    2. And it works by the tilt in my pelvis and me weight shifting so that it can pick up. So I have to do that for every step as well as keep my balance, which is quite hard when you can't see your legs.

    "The suit she uses enables people with lower-limb paralysis to stand, walk and climb stairs through motion sensors and an onboard computer system."

    3. It attempts to mimic the response the wearer's joints would make if they weren't paralysed. It helped her complete about two miles a day,

    ***
    CLAIRE LOMAS:

    1. Yeah, I don't know if it's necessarily more independent. I'm pretty independent in the chair. But the healthy benefits from being stood up are huge.

    2. And, you know, it's bone density and circulation, digestion. Everything it affects.

    3. Emotion, you know, to be at the same height as you were and everything is, is priceless.

    ***
    What can you get from this news? Read and ponder it with your practice in the stock market.

    Yes, we may not have any gift and run very slowly but if we want, take each step on the place where we have checked carefully, and never use any excuses to make chances to lose, we would get our final line sooner or later.

    Do you have this sprint or soul to face the challenge with your full efforts? I do even I don't know what is ahead exactly for my journey!

    ***
    You can listen this ABC news by googling "Bionic woman completes London Marathon!"
     
  6. wdongli

    wdongli Well-Known Member

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    Gap between Reality and images

    I never know there are some desperate and dismal things around Australia/New Zealand before I put efforts to improve my English Listening. Actually before 2008 when I had a rogue tenant, I never thought some people under some shadows for somethings not good to anyone.

    In the stock market, I tended to be optimistic rather than pessimistic. I tended to take the words from medias as reality. I could not say I was illiterate since I still could read and write even with grammar mistakes, but I worked in a very narrow fields, where there were no too much survival issues.

    That was why in 2006, after I read the budget report from Costello, I felt very sure if I could put some money in the geared funds I could lay the basis financially. It was one of big mistakes I have ever made in my practice to make money from the stock market.

    ***
    By that time I have read a lot from B. Graham, Soros, and so on. I had made a plan to average out into the geared funds.

    However my mind became hot and all of the plan was thrown away and I bought at the peak point of the market. Actually if I could have been disciplined and followed my plan I would get completely different results.

    All of us dislike to see some big mistakes made by ourselves. Seriously saying, until last April, I still tried to find excuses to let me feel better rather than lessons.

    ***
    What lesson I got now?

    You have to be honest to yourself and your money! You have to know the world, Australia, China, Euro, US, you, and me, are far more perfect. There are always somethings would act on us for errors.

    You have to stop finding excuses to release you away from admitting your own responsibilities for the errors from yourself. The least effort way is the way for most and will lead you into the failure in the stock market.

    ***
    You have to learn to set up a balanced plan and goal and stick to or abandon them intelligently. You have got your own reasons which come from the question to get your biases out of your mind.

    You have taken a pause for anything you adamantly want to get into your hand with too much fear and greed.

    We all want to run quickly for our desired destination but if we run towards to the hell, the quicker you run the shorter your financial life in the stock market.

    ***
    It is never easy to admit you are not so good and could not run quickly enough. However in the stock market, if you could not run in sprints you can run in marathons based on what your mental and financial strength.

    At 50s, you could not run as a Olympic Championship holder in 100 meter race, which simply out of your touch. How do you use your patience, intelligence, and passion with a good brain for what you enjoy?

    There are different ways for the same destination. It is funny to see anyone to use one assertion, a video clip, and a bulk of words from someones to set light for everyone especially when you become wiser.

    ***
    James Murdoch was lucky from the day of his birth. He could speak very good with a lot of jargon in politics, economics, and business, but he has shown he really didn't understand the business onto the earth. He failed to stop the virus or diseases and let the illegal matters run around in the News UK.

    When I heard the news about his appearance in the Leveson Inquiry for phone hacking and more issues around The News, I did feel his prematureness even he definitely was much better than me in business world(I am a completely layman).

    The stock market needs his participants to be knowledgeable but don't reward the people who put his will and image on the head of the stock market. It is true you have to copy some good ideas from others but if you could not understand them you will fail.

    ***
    Learn to ponder and question for any ideas you want to use in the stock market. It is easy to say but hard to do. Charley Monger said we need to invert, invert, and keep invert but few could be sustain the whip to deny his own ideas especially he really believe them.

    By the way, I write to sharpen my mind and get the lessons, which is a very matter, self-interest. I don't want to provoke anyone's weak nerve so If you feel upset, it is welcome that you skip over or leave any words for your upset and release yourselves.

    What's the useless people in the stock market? They hold the gap between the reality and the image in brain and enjoy the image very much.
     
    Last edited by a moderator: 12th May, 2012
  7. wdongli

    wdongli Well-Known Member

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    Things can go wrong terribly!

    JP Morgan lost $2 billion on a trade gone wrong, news said. How much and how many times you lost too much on trades gone wrong in the past?

    Could you be risk free in your trades? It should be true JP should put a lot of rules to stop losses but why couldn't it simply stop it with less losses? If JP Morgan could not stop the losses on time always, how could you do so?

    Seriously saying retail traders have little capability to sustain losses due to usually no risk management system available to them. And more importantly retail traders just have the charts which just nothing in the sense of intelligence.

    ***
    Seriously checking what happened in last decade to the retail traders, the picture was far more dismal that the professional traders. It simply is true that the retail traders were working for a sure-failure causes even most of them don't think so.

    Some of mates here just don't have the courage to admit their failure or mistakes let alone to find the ways to update their mental framework for their own profit. There are too many biases and false beliefs among the retail traders, which let them at last to trade based on some lines and patterns, which could not show us what is ahead.

    So what happen? Most of retail traders had been trapped in the ruins since 2008, rushed into the exit, frustrated to see they have nothing but ashes. Few of them has not to take flight away from stock market to their home!

    ***
    All tend to count the profit rather than calculate the risk, so that they tend to play in extremes. Do you wonder why JP could lost $2 billion in one bet?

    There were a lot of reasons we know or don't but one thing is sure that the nature of traders is rarely changed. They want to get the money today and they are fearful too much and then greedy too much. They fail to get their strategies right, they fail to get the price right, and they fail to monitor the risk right.

    Once you start a bet and are wrong at very beginning, you will lose all of chances to win out. JP just tells us again that traders have learnt very little from the global financial crisis.

    ***
    News said JP Morgan placed a bet on what would happen to the price of loans it was exposed to.

    Trade could be in hedge, by which the professional traders trade its way out of risky positions in the market. In most of time, normal time, it works but this time JP miscalculated.

    These traders are high IQ with the most systems but they do have not enough wisdom and the intelligence could be just used to support their craziness and biases.

    ***
    High risk tends to lead to high return. Quick trading tends to lead excellent juice. But they do happen in the time you can run safely!

    JP said its strategy was flawed, poorly reviewed, poorly executed and poorly monitored. It was mistakes from the root to the top. It was tsunami time, you put so much out on one bet, if wrong, it would be very painful but... It was wrong but why didn't it stop losses? Poorly monitoring is too general. Strategy needs the support of plan, procedure, circuit breakers, and responsible and disciplined operators.

    It was a consequence of nothing is right. Why do you say so? A tiny mistake could drag a castle on the air crashed down to ground. Mr. Market doesn't care about its name even JP!

    ***
    Yes, the stock market is a wild field and no one could be mistake free. Simply saying no one in the stock market is the God. Why so many people tend to pretend to be a God here or there? If they are not ignorant they are arrogant.

    Arrogant and ignorant guys gone! It is the truth of the market. It is the logic when so many traders become poorer. JP said hopefully losses 're small; hopefully losses're few and far between. Who don't hope so but this hope make the winning out of the course.

    Don't use your coped words and cheap YouTube to magnify your ignorance and arrogance. You have to know trade tend to be a egregious practices and it is far more difficult to make the money than lose it. You should love your money in your hand. You should learn no losses and no harm in your trading or investment.

    ***
    It is true seemingly despite all the financial grief from the global financial crisis, the traders professional or retail are still taking excessive risks or run away to their home with the ashes.

    It said JP would lose its credibility whereas they were always perceived to be far less risky than others. Do you know as a retail traders, if you lose, you don't just lose your credibility among your loves but the money for your loves and you. You would be in pains which could put you in nightmare and still could not figure out how you could fix it.

    Should JP be cursed? Of course but don't put your efforts on it. Professionals can make very silly mistakes, which could be your chances. Legally and financially you are equal to JP if you are a trader. Get your lessons and calculations!

    ***
    In the market if you are a trader you have to be competent. But if you deal with your trading and investment as a service business, you should develop your business senses and set up a right mental framework for your future.

    What's the business? Never let it bankrupt and bit and bit accumulate your asset which could generate trustful cash income with some stock-type asset to take the turns belong to you rather than the crowd. Crowd has turns but tend to be zero sum.

    Hedge is a way to balance the risks if you can calculate right. However it could be a platform for people to gamble without senses of the risks. Clearly it is the casino to JP this time.

    ***
    It is obvious we live in very troubled times where there's extreme volatility and bad crowd sentiment.

    These two factors could destroy any hopes from the knowledge of fundamentals while the market is in a self-destruction mood. In this environment, it is better to calculate the risks carefully and stop to use the lines and patterns only. Yes there will be a turn point but you have to calculate rather feel where and when it will be in.

    Get the right brain and don't waste this great bad time for your lessons. I just find I could not do anything to service the warriors so I put huge time in my English Listening.

    ***
    English Listening capability is a asset to anyone as my investment properties, both of which need a lot of efforts and times. They are matters you hold more you get more confidence.

    Trade should be a facilities to get the profit bit by bit which then is locked into your account and used to buy some assets to let you more confident for the future.

    How about a good brain or appropriate mental framework in your head? It is a asset too. Actually it is the most valuable asset to anyone in the stock market. With it you can get the money without money and make more money from your money...
     
    Last edited by a moderator: 12th May, 2012
  8. wdongli

    wdongli Well-Known Member

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    Hope vs disappointment

    There are hopes since we are disappointed or not satisfied with where we are or what we have. Is it right? I believe so and believe the human kind evolves forward between the hopes and disappointment.

    Long time ago I realized that life is about problems, that is if no problems at all, we would try to get troubles sooner or later; if too much troubles we would crash down to the knees for a while and try to get the hopes.

    Some mates thought my thought is very Chinese but after I read about the Greek's and some modern Western philosophies, I do feel some very basic views are universal. Actually communism was the product of modern Western thought but going far into extremes.

    ***
    A lot of retail traders are very disappointed on the Western Economies and their stock market. They could not feel hopes with all of the real reasons.

    GFC, Euro deficit crisis, China economy slowing down. However in the crisis and disappointment, some positive forces have worked hard to drive the economy into the growth track. Not all of losers since GFC would desperately cry in ruins. Some try very hard to learn something from their failures.

    That are the hopes. These hopes would become bigger and bigger to drive the economy back to its normal tracks at least.

    ***
    I never thought I could be here in 1970s, when you just could see political turmoils and economic failure in China then. But I have held my hopes based on a simple fact that we have the history of thousands of years if not millions.

    Seriously saying I was very disappointed in last year. I felt hopeless on myself not the world and stock market. However a man could not live in hopelessness for too long. It is not human's life. Hopes always are in our own hands and depend on what we should do.

    After I decided to fix my English listening, I constantly walk between disappointment and hopes. When I understood all from my listening I felt hopeful but when I got lost I was just very disappointed.

    ***
    The truth is without matter I was hopeful and disappointed one bit of time and effort would get my English Listening better. I have to add one straw after another on the back of my English Listening until I could crash it down to the ground.

    Could I keep my efforts until I could crash it down? No one can help me but I have to what I have decided to do. It is right that the stock market is very risky and most of traders would be the losers since they could not keep their mental framework updated.

    We all are too easy to give up what we should do. It is because in the stock market or life, hopes are just like the lights at the end of tunnels. If you give up you are hopeless even life and stock market are full of hopes.

    Note: Genius are the people who give too soon in the field they are not so genius.