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THE PROFILE OF A MARKET WIZARD:
1) Market Wizards Are Addicted to Financial Markets:
Several of the market wizards went on to become billionaires.
Surprisingly, none of them did it just for the money.
Instead, each was compelled by the excitement of solving the puzzle of the markets.
Jones loved to play competitive games as a kid.
Kovner, a quintessential intellectual, loved to put himself in the shoes of the world&rsquo s central bankers while analyzing currency trends.
Druckenmiller was such a gambler that he would place bets on which raindrops would slide down the window first during a rainstorm.
The lesson?
Trading was a passion for each of the market wizards.
The money was an afterthought.
2) Market Wizards Are Loners:
See that loudmouthed broker hanging around the party punch bowl bragging about his trades?
The chances are slim that he&rsquo s a top trader.
Market wizards are loners. They are independent and contrary &ndash to an extreme.
After all, to be successful, they have to continually go against the crowd.
But being a loner is not enough.
You also need to be a creative and imaginative independent thinker.
There&rsquo s no point in going against the consensus just for the sake of being contrary.
3) Market Wizards Develop Their Own Investment Philosophies:
Making the most money is the way traders keep score.
But the rules by which they play that game are unique to each trader.
All roads lead to Rome. But each road starts at a different place.
As trading coach and market wizard Van Tharp says, there are an infinite number of ways to make money in the financial markets.
But each successful trader has to find his own way.
To be a successful trader, Tharp says, you must &ldquo design your own game and make your own rules.&rdquo
4) Market Wizards Are Both Disciplined and Patient:
Discipline means constantly gathering new facts&hellip as well as sticking to your own rules.
This sounds simple. But it&rsquo s not easy.
And it&rsquo s a commitment few traders can make for decades.
Market wizards also need great patience.
One market wizard compared his approach to that of a predator.
A lion waits patiently for its prey &ndash and pounces only when the time is right and when the odds are in its favor.
As Jim Rogers put it, &ldquo I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime.&rdquo
Market wizards do not trade purely for the sake of trading. They wait for all the right conditions to align before they act.
5) Market Wizards Ruthlessly Admit Their Mistakes:
Once most traders enter a position, they become emotionally attached to it.
After all, it&rsquo s their baby. And they want to stick by it through thick and thin.
In contrast, the market wizards don&rsquo t attach themselves to any single idea.
A market wizard will recognize when conditions change and the original rationale for holding the position no longer exists.
They are never married to a trade. And they are not afraid to admit their mistakes.
As George Soros put it, &ldquo I&rsquo m only rich because I know when I&rsquo m wrong&hellip I basically have survived by recognizing my mistakes.&rdquo
6) Market Wizards Constantly Generate Alternative Scenarios:
Most investors live under the illusion that a prevailing trend will continue forever.
In contrast, market wizards regularly generate &ndash and mentally rehearse &ndash alternative scenarios.
They ceaselessly question the status quo to anticipate when it could cause the prevailing trend to reverse.
They examine all possible situations and adjust their investments accordingly.
So what&rsquo s the most critical lesson from Schwager&rsquo s classic?
The market wizards are like world-class athletes or musicians. They are the Michael Jordans and Tom Bradys of their professions.
And they operate on a level few of us will ever reach.
But studying what these masters of their craft have in common can make us all better investors and traders.
Trading is a tough game.
As one market wizard put it, &ldquo If [trading] were easy, meter maids would be doing it.&rdquo
1) Market Wizards Are Addicted to Financial Markets:
Several of the market wizards went on to become billionaires.
Surprisingly, none of them did it just for the money.
Instead, each was compelled by the excitement of solving the puzzle of the markets.
Jones loved to play competitive games as a kid.
Kovner, a quintessential intellectual, loved to put himself in the shoes of the world&rsquo s central bankers while analyzing currency trends.
Druckenmiller was such a gambler that he would place bets on which raindrops would slide down the window first during a rainstorm.
The lesson?
Trading was a passion for each of the market wizards.
The money was an afterthought.
2) Market Wizards Are Loners:
See that loudmouthed broker hanging around the party punch bowl bragging about his trades?
The chances are slim that he&rsquo s a top trader.
Market wizards are loners. They are independent and contrary &ndash to an extreme.
After all, to be successful, they have to continually go against the crowd.
But being a loner is not enough.
You also need to be a creative and imaginative independent thinker.
There&rsquo s no point in going against the consensus just for the sake of being contrary.
3) Market Wizards Develop Their Own Investment Philosophies:
Making the most money is the way traders keep score.
But the rules by which they play that game are unique to each trader.
All roads lead to Rome. But each road starts at a different place.
As trading coach and market wizard Van Tharp says, there are an infinite number of ways to make money in the financial markets.
But each successful trader has to find his own way.
To be a successful trader, Tharp says, you must &ldquo design your own game and make your own rules.&rdquo
4) Market Wizards Are Both Disciplined and Patient:
Discipline means constantly gathering new facts&hellip as well as sticking to your own rules.
This sounds simple. But it&rsquo s not easy.
And it&rsquo s a commitment few traders can make for decades.
Market wizards also need great patience.
One market wizard compared his approach to that of a predator.
A lion waits patiently for its prey &ndash and pounces only when the time is right and when the odds are in its favor.
As Jim Rogers put it, &ldquo I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime.&rdquo
Market wizards do not trade purely for the sake of trading. They wait for all the right conditions to align before they act.
5) Market Wizards Ruthlessly Admit Their Mistakes:
Once most traders enter a position, they become emotionally attached to it.
After all, it&rsquo s their baby. And they want to stick by it through thick and thin.
In contrast, the market wizards don&rsquo t attach themselves to any single idea.
A market wizard will recognize when conditions change and the original rationale for holding the position no longer exists.
They are never married to a trade. And they are not afraid to admit their mistakes.
As George Soros put it, &ldquo I&rsquo m only rich because I know when I&rsquo m wrong&hellip I basically have survived by recognizing my mistakes.&rdquo
6) Market Wizards Constantly Generate Alternative Scenarios:
Most investors live under the illusion that a prevailing trend will continue forever.
In contrast, market wizards regularly generate &ndash and mentally rehearse &ndash alternative scenarios.
They ceaselessly question the status quo to anticipate when it could cause the prevailing trend to reverse.
They examine all possible situations and adjust their investments accordingly.
So what&rsquo s the most critical lesson from Schwager&rsquo s classic?
The market wizards are like world-class athletes or musicians. They are the Michael Jordans and Tom Bradys of their professions.
And they operate on a level few of us will ever reach.
But studying what these masters of their craft have in common can make us all better investors and traders.
Trading is a tough game.
As one market wizard put it, &ldquo If [trading] were easy, meter maids would be doing it.&rdquo
limjoeseph ( Date: 17-May-2021 07:37) Posted:
|
Vaccines or No Vaccines, Gloves Fundamentals cannot Change Overnight with Demand Falling over the Cliff as Demand to Date is Still Relatively Strong Due to Shortage of Gloves for the 2nd Quarter Sales Amid Vaccine Roll Out.
Earnings are what drive Stocks and the Charts and Timing all play a Role in What Happens to Do Any Short Term Correction as Market is Never Linear but at the End of the Day for Medium to Long Term Investment, it is All about the EARNINGS.
To Find out Whether You Should Remain Invested in your STA Medium to Long Term Portfolio or Buying Now at Current Levels by New Medium to Long Term Investors, You have to do some Homework or I call it Due Dligence.
Stocks with Pricing Power have seen Stronger Moves Higher than Those WIthout. Global Gloves Demand still is Relatively Strong Across the Board, but it is STGT Gloves ASP Increased Pricing Power can help STGT Expand Margins, and those Fatter Margins will lead to Larger Profits which will be the Bedrock of STA Potential Price Appreciation Earning 56% Contribution from STGT Ahead of Its 2nd Quarters Result Release on 10th August 2021.
Medium to Long Term Investors should not be Perturbed by any Short Term Whipsawing Price Action of STA as a New Variation of an ABC Consolidation Pattern with (A) at 45.00 Bahts, (B) at 50.50 Bahts and (C) at 44.00 Bahts has Replaced STA' s Recent ABCDEF Consolidation Pattern due to Violation of Its Double Bottom Supports (C) and (E) at 45.00 Bahts being Violated on 13th May and Testing the 44.00 Bahts Low but Recovered to Close Firmer at 46.50 Bahts. Pl refer to Alpine" s Posted Chart for Reference.
Unless the ABC Breakout Pattern can Materialise with a Convincing Close Above 50.50 Bahts over 2 Days of Trading Activities, STA cannot Reclaim its Short Term UPTREND unlike STGT which has Already Done so with its ABCDEF Breakout Pattern being Achieved on Friday (14th May) with Big Volume Trade of Mimimum 127 Million+ Shares Being Traded as STGT Cleared its Final Resistance of All time High of (B) at 47.25 Bahts Hitting a High of 48.25 Bahts Portending Further Rise Ahead of Stellar and Blow Out 10th August 2nd Quarter Results Release as Market is Forward Looking.
As Always, Due Diligence is Warranted on Judgemental Call to Suit Own Risk Appetite.
Earnings are what drive Stocks and the Charts and Timing all play a Role in What Happens to Do Any Short Term Correction as Market is Never Linear but at the End of the Day for Medium to Long Term Investment, it is All about the EARNINGS.
To Find out Whether You Should Remain Invested in your STA Medium to Long Term Portfolio or Buying Now at Current Levels by New Medium to Long Term Investors, You have to do some Homework or I call it Due Dligence.
Stocks with Pricing Power have seen Stronger Moves Higher than Those WIthout. Global Gloves Demand still is Relatively Strong Across the Board, but it is STGT Gloves ASP Increased Pricing Power can help STGT Expand Margins, and those Fatter Margins will lead to Larger Profits which will be the Bedrock of STA Potential Price Appreciation Earning 56% Contribution from STGT Ahead of Its 2nd Quarters Result Release on 10th August 2021.
Medium to Long Term Investors should not be Perturbed by any Short Term Whipsawing Price Action of STA as a New Variation of an ABC Consolidation Pattern with (A) at 45.00 Bahts, (B) at 50.50 Bahts and (C) at 44.00 Bahts has Replaced STA' s Recent ABCDEF Consolidation Pattern due to Violation of Its Double Bottom Supports (C) and (E) at 45.00 Bahts being Violated on 13th May and Testing the 44.00 Bahts Low but Recovered to Close Firmer at 46.50 Bahts. Pl refer to Alpine" s Posted Chart for Reference.
Unless the ABC Breakout Pattern can Materialise with a Convincing Close Above 50.50 Bahts over 2 Days of Trading Activities, STA cannot Reclaim its Short Term UPTREND unlike STGT which has Already Done so with its ABCDEF Breakout Pattern being Achieved on Friday (14th May) with Big Volume Trade of Mimimum 127 Million+ Shares Being Traded as STGT Cleared its Final Resistance of All time High of (B) at 47.25 Bahts Hitting a High of 48.25 Bahts Portending Further Rise Ahead of Stellar and Blow Out 10th August 2nd Quarter Results Release as Market is Forward Looking.
As Always, Due Diligence is Warranted on Judgemental Call to Suit Own Risk Appetite.
limjoeseph ( Date: 17-May-2021 06:52) Posted:
|
THE PROFILE OF A MARKET WIZARD:
1) Market Wizards Are Addicted to Financial Markets:
Several of the market wizards went on to become billionaires.
Surprisingly, none of them did it just for the money.
Instead, each was compelled by the excitement of solving the puzzle of the markets.
Jones loved to play competitive games as a kid.
Kovner, a quintessential intellectual, loved to put himself in the shoes of the world?s central bankers while analyzing currency trends.
Druckenmiller was such a gambler that he would place bets on which raindrops would slide down the window first during a rainstorm.
The lesson?
Trading was a passion for each of the market wizards.
The money was an afterthought.
2) Market Wizards Are Loners:
See that loudmouthed broker hanging around the party punch bowl bragging about his trades?
The chances are slim that he?s a top trader.
Market wizards are loners. They are independent and contrary ? to an extreme.
After all, to be successful, they have to continually go against the crowd.
But being a loner is not enough.
You also need to be a creative and imaginative independent thinker.
There?s no point in going against the consensus just for the sake of being contrary.
3) Market Wizards Develop Their Own Investment Philosophies:
Making the most money is the way traders keep score.
But the rules by which they play that game are unique to each trader.
All roads lead to Rome. But each road starts at a different place.
As trading coach and market wizard Van Tharp says, there are an infinite number of ways to make money in the financial markets.
But each successful trader has to find his own way.
To be a successful trader, Tharp says, you must ?design your own game and make your own rules.?
4) Market Wizards Are Both Disciplined and Patient:
Discipline means constantly gathering new facts? as well as sticking to your own rules.
This sounds simple. But it?s not easy.
And it?s a commitment few traders can make for decades.
Market wizards also need great patience.
One market wizard compared his approach to that of a predator.
A lion waits patiently for its prey ? and pounces only when the time is right and when the odds are in its favor.
As Jim Rogers put it, ?I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime.?
Market wizards do not trade purely for the sake of trading. They wait for all the right conditions to align before they act.
5) Market Wizards Ruthlessly Admit Their Mistakes:
Once most traders enter a position, they become emotionally attached to it.
After all, it?s their baby. And they want to stick by it through thick and thin.
In contrast, the market wizards don?t attach themselves to any single idea.
A market wizard will recognize when conditions change and the original rationale for holding the position no longer exists.
They are never married to a trade. And they are not afraid to admit their mistakes.
As George Soros put it, ?I?m only rich because I know when I?m wrong? I basically have survived by recognizing my mistakes.?
6) Market Wizards Constantly Generate Alternative Scenarios:
Most investors live under the illusion that a prevailing trend will continue forever.
In contrast, market wizards regularly generate ? and mentally rehearse ? alternative scenarios.
They ceaselessly question the status quo to anticipate when it could cause the prevailing trend to reverse.
They examine all possible situations and adjust their investments accordingly.
So what?s the most critical lesson from Schwager?s classic?
The market wizards are like world-class athletes or musicians. They are the Michael Jordans and Tom Bradys of their professions.
And they operate on a level few of us will ever reach.
But studying what these masters of their craft have in common can make us all better investors and traders.
Trading is a tough game.
As one market wizard put it, ?If [trading] were easy, meter maids would be doing it.?
Vaccines or No Vaccines, Gloves Fundamentals cannot Change Overnight with Demand Falling over the Cliff as Demand to Date is Still Relatively Strong Due to Shortage of Gloves for the 2nd Quarter Sales Amid Vaccine Roll Out.
Earnings are what drive Stocks and the Charts and Timing all play a Role in What Happens to Do Any Short Term Correction as Market is Never Linear but at the End of the Day for Medium to Long Term Investment, it is All about the EARNINGS.
To Find out Whether You Should Remain Invested in your STA Medium to Long Term Portfolio or Buying Now at Current Levels by New Medium to Long Term Investors, You have to do some Homework or I call it Due Dligence.
Stocks with Pricing Power have seen Stronger Moves Higher than Those WIthout. Global Gloves Demand still is Relatively Strong Across the Board, but it is STGT Gloves ASP Increased Pricing Power can help STGT Expand Margins, and those Fatter Margins will lead to Larger Profits which will be the Bedrock of STA Potential Price Appreciation Earning 56% Contribution from STGT Ahead of Its 2nd Quarters Result Release on 10th August 2021.
Medium to Long Term Investors should not be Perturbed by any Short Term Whipsawing Price Action of STA as a New Variation of an ABC Consolidation Pattern with (A) at 45.00 Bahts, (B) at 50.50 Bahts and (C) at 44.00 Bahts has Replaced STA's Recent ABCDEF Consolidation Pattern due to Violation of Its Double Bottom Supports (C) and (E) at 45.00 Bahts being Violated on 13th May and Testing the 44.00 Bahts Low but Recovered to Close Firmer at 46.50 Bahts. Pl refer to Alpine"s Posted Chart for Reference.
Unless the ABC Breakout Pattern can Materialise with a Convincing Close Above 50.50 Bahts over 2 Days of Trading Activities, STA cannot Reclaim its Short Term UPTREND unlike STGT which has Already Done so with its ABCDEF Breakout Pattern being Achieved on Friday (14th May) with Big Volume Trade of Mimimum 127 Million+ Shares Being Traded as STGT Cleared its Final Resistance of All time High of (B) at 47.25 Bahts Hitting a High of 48.25 Bahts Portending Further Rise Ahead of Stellar and Blow Out 10th August 2nd Quarter Results Release as Market is Forward Looking.
As Always, Due Diligence is Warranted on Judgemental Call to Suit Own Risk Appetite.
POWER OF SRI TRANG GLOVES WILL UNDERPINN STA' s Price
Due Diligence is warranted
limjoeseph ( Date: 16-May-2021 23:19) Posted:
|
Dear Readers, Let's wait in Anticipation as to whether Alpine's posted Chart as below will be Self Fulfilling or Not in Due Course in Respect of STGT's Price Action moving Forward on 2nd Quarters Results Release as Market is Forward Looking on Earnings Visibility on 10th August 2021.
Sorry i am new to ShareJunction and may not know the background. Is Tony & Joseph the same person? Maybe it is my laptop issue but i see repeated posts from both users.
1c2e3s ( Date: 16-May-2021 19:31) Posted:
|
Plz ah , contra dun caught long. Ironman already say Fibonacci extension , muz trade with stop loss
tonyja ( Date: 16-May-2021 19:28) Posted:
|
My 2nd Quarters Results for STGT' s Extrapolation from a Minimum Sales of 7.162 Billion Gloves of US$80 per Box is Projected to Derive a Potential Profits of US$390 at least.
On that Score, STGT will be a Better SAFE HAVEN Investment over Other Gloves Counters as STGT has already Completed its Short Term ABCDEF BREAKOUT PATTERN above Recent All Time High of 47.25 Bahts (B) Resistant Hitting a High of 48.25 Bahts and Closing Convincing at 47.50 Bahts and Now Portending A Short Term Dip Buyer' s Market with its Primary Medium to Long Term Uptrend Intact.
Fibonacci Price Target Extension 1% to 1 .236% is Located Between 63.75 Bahts and 71 Bahts.
Whether Target Price can be Realised in Due Course, I shall leave it to Readers to Make their Own Judgemental Call.
As Always, Due Diligence is warranted to Suit Risk Appetite.
On that Score, STGT will be a Better SAFE HAVEN Investment over Other Gloves Counters as STGT has already Completed its Short Term ABCDEF BREAKOUT PATTERN above Recent All Time High of 47.25 Bahts (B) Resistant Hitting a High of 48.25 Bahts and Closing Convincing at 47.50 Bahts and Now Portending A Short Term Dip Buyer' s Market with its Primary Medium to Long Term Uptrend Intact.
Fibonacci Price Target Extension 1% to 1 .236% is Located Between 63.75 Bahts and 71 Bahts.
Whether Target Price can be Realised in Due Course, I shall leave it to Readers to Make their Own Judgemental Call.
As Always, Due Diligence is warranted to Suit Risk Appetite.
limjoeseph ( Date: 16-May-2021 16:53) Posted:
|
My 2nd Quarters Results for STGT's Extrapolation from a Minimum Sales of 7.162 Billion Gloves of US$80 per Box is Projected to Derive a Potential Profits of US$390 at least. On that Score, STGT will be a Better SAFE HAVEN Investment over Other Gloves Counters as STGT has already Completed its Short Term ABCDEF BREAKOUT PATTERN above Recent All Time High of 47.25 Bahts (B) Resistant Hitting a High of 48.25 Bahts and Closing Convincing at 47.50 Bahts and Now Portending A Short Term Dip Buyer's Market with its Primary Medium to Long Term Uptrend Intact. Fibonacci Price Target Extension 1% to 1 .236% is Located Between 63.75 Bahts and 71 Bahts. Whether Target Price can be Realised in Due Course, I shall leave it to Readers to Make their Own Judgemental Call. As Always, Due Diligence is warranted to Suit Risk Appetite.