[Archive c 17.03.2008] Humour [Archive to 28.04.2012] - page 115
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The trader and his precepts (Goblin translation)
1. Borrow as much money as you can. It doesn't matter who you borrow it from. Preferably with interest. Invest it in your trading on the currency market.
2. If you don't have much money left, then gamble it all. That is the only way to win.
3. Get a little nervous before you make a trade. Cheer up, so to speak. It's important to get your palms sweaty.
4. Always listen to what others have to say. If they're giving you advice, they must really know something.
5. Never follow the rules of manimangement. That way you'll stagnate for a long time, and you won't become a millionaire anytime soon. Make big deals.
6. Add to a losing position, average out and double up. This is a win-win tactic.
7. If price approaches a stop loss order, move it to a safe distance. Things are about to reverse.
8. As for stop loss orders. It's better not to place them at all.
9. If a trade makes a loss, let it hang open, someday there will be an opportunity to exit with a profit. As soon as the price went to the profit, close it at once. A bird in the hand is better than a crane in the sky.
10. Treat Forex lightly, like a game. There's nothing to learn. You can get rich on pure luck. 11.
11 - Do not let the market beat you. If you incurred a loss, you must win it back today. Whatever it costs you.
12. Don't make a plan or analysis before entering the market. Shoot from the hip. You're either lucky or you're not.
13. You should have one - plan to earn a certain amount of money in a week. If it doesn't work out, increase the stakes.
14. Don't write anything down. Everything can be memorized. Keeping a trader's diary is a waste of time.
15. Change strategies more often. That way there's a better chance of one of them making a profit.
16. If you don't understand what's going on in the market, get into trading right away. Then everything will become clear.
17. If you miss a signal, enter anyway. It's never too late.
18. Try to trade against the trend. Every trend has corrections.
19. Spend as much time as possible in front of the computer. This way you will tune into the market better.
20. Play on the news. Never miss an opportunity to grab a big move in the market.
21. If you really want to make a deal and you have a nagging feeling in one place, but no signals, go ahead, the time has come. As long as you have a will.
23.If the market does not go where you wanted, believe, hope and wait. It is better to pray.
24. If you want to work with a system, don't choose a simple one. The more complex the strategy and the more filters and indicators it uses, the more accurate the entries will be.
25. Try to trade on smaller intervals. There are more signals and it will be more interesting to work there.
26. You made a loss, don't beat yourself up. It is not your fault. There are plenty of reasons: bad connection, the broker is a crook, the market went crazy, a shitty day from end to end.
27. After a series of three successful trades you can consider yourself a guru and go teach other traders.
Author: Igor Karpeev
http://www.forexpage.ru/
>
-- Vacancy: driver.
Requirements:
1)professional skills to drive cars and trucks, trolleybuses, trams, metro and funicular trains, excavators and bulldozers, special tracked vehicles, infantry fighting vehicles and modern light/medium tanks in service with CIS and NATO countries.
2) Rally and extreme driving skills are a must, experience of driving F1 cars is desirable. Knowledge and experience of repairing piston and rotary engines, automatic and manual transmissions, ignition systems, on-board computers, antilock systems, navigation systems (GPS) and car audio systems from leading manufacturers are a must.
3)Experience of bodywork and painting is welcome. Applicants should have Mercedes, BMW, General Motors certificates and certificates of participation in major international rallies not more than two years old.
4)Salary 1500-2500 rubles, to be determined by interview.
This is from here: http://www.drofa.ru/documents/12222/ug2-09.pdf
As it was.
1) "There will be no more collapses in our time". John Maynard Keynes, 1927
2) "I cannot but object to those who claim as if we live in a fool's paradise and the prosperity of our country will inevitably go down in the near future." E.H.H. Simmons, President of the New York Stock Exchange, January 12, 1928
"There will be no end to our continued prosperity." Myron E. Forbes, President, Pierce Arrow Motor Car Co., January 12, 1928
3) "Never before has the Congress of the United States, assembled to consider the state of affairs of the country, presented such a pleasant picture as it does today. In domestic affairs we see peace and contentment... and the longest period of prosperity in history. In international affairs, peace and goodwill based on mutual understanding." Calvin Coolidge, December 4, 1928
4) "Stock prices may go down, but there will be no disaster." Irving Fisher, prominent American economist, The New York Times, September 5, 1929
5) "Quotations have risen, so to speak, to a broad mountain plateau. It is unlikely that they will fall 50 or 60 points any time soon, or even at all, as the bears are predicting. I think the stock market will rise significantly in the coming months." Irving Fisher, Ph.D. in Economics, October 17, 1929
"This fall will have little effect on the economy." Arthur Reynolds, President, Continental Illinois Bank of Chicago, October 24, 1929
"Yesterday's fall will not be repeated...I have no fear of such a decline." Arthur A. Losby (President of the Equitable Trust Company), quoted in The New York Times, Friday, October 25, 1929
"We believe the fundamentals of Wall Street are unaffected and those who can afford to pay outright will buy good stocks cheaply." Goodboy & Company Bulletin, quoted in The New York Times, Friday, October 25, 1929
6) "Now is the time to buy stocks. Now is the time to remember the words of J. P. Morgan ... that any man in America who plays short will go bust. Perhaps in a few days there will be a bear panic rather than a bull panic. There probably won't be such low prices for many of those stocks that are now hysterically selling for years to come." Р. W. McNeil, market analyst, quoted in The New York Herald Tribune, October 30, 1929
"Buy reliable, proven stocks and you won't regret it." E.A. Pierce Bulletin, quoted in the New York Herald Tribune, October 30, 1929
"There are smart people who are buying stocks now... If there is no panic, which nobody seriously believes in, stocks will not go lower." Р. W. McNeil, Financial Analyst, October 1929
7) "Paper prices are going down, not real goods and services... It is now the eighth year of economic recovery in America. Previous such periods have lasted an average of eleven years, which means we have another three years before the collapse." Stuart Chase, American economist and author, New York Herald Tribune, 1 November 1929
"The hysteria on Wall Street is already over." "The Times, November 2, 1929
"The Wall Street collapse does not mean that there will be a general, or at least a serious economic recession... For six years American business has devoted much of its attention, its energy and its resources to the speculative game... And now this misplaced, unnecessary and dangerous adventure is over. Business has returned home to its work, thank God, unscathed, healthy in mind and body and stronger financially than ever before." "Business Week," November 2, 1929
"...although stocks have fallen heavily in price, we believe that this fall is temporary and not the beginning of an economic downturn that will lead to a prolonged depression..." Harvard Economic Society, November 2, 1929
Cool "...we do not believe in a serious downturn: we predict an economic recovery will begin in the spring and things will get even better in the fall." Harvard Economics Society, November 10, 1929
"The stock market downturn is unlikely to be long, it will probably be over in a few days." Irving Fisher, Professor of Economics, Yale University, November 14, 1929
"The panic on Wall Street will have no effect in most cities in our country." Paul Block, President of The Block Newspaper Holdings, editorial, November 15, 1929
"It is safe to say that the financial storm is over." Bernard Baruch, telegram to Winston Churchill, 15 November 1929
9) "I see nothing threatening or causing pessimism in the present situation... I am confident that the economy will recover in the spring and the country will grow steadily during the coming year." Andrew W. Mellon, U.S. Treasury Secretary, December 31, 1929
"I am convinced that through the measures taken we have restored confidence." Herbert Hoover, December 1929
"1930 will be an excellent year for jobs." US Department of Labor, New Year's Forecast, December 1929
10) "Stocks have a brilliant outlook, at least for the near future." Irving Fisher, PhD in Economics, early 1930
11) "...there are signs that the worst phase of the recession is over..." Harvard Economics Society, January 18, 1930
12) "There is absolutely nothing to worry about now." Andrew Mellon, US Treasury Secretary, February 1930
13) "In the spring of 1930 the period of serious concern ended... American business is gradually returning to a normal level of prosperity." Julius Burns, head of President Hoover's National Conference for the Study of Business, 16 March 1930
"...the outlook remains favourable..." Harvard Economic Society, March 29, 1930
14) "...prospects are favourable..." Harvard Economic Society, April 19, 1930
15) "Although the catastrophe occurred only six months ago, I am confident that the worst is over, and by a sustained concerted effort we will quickly overcome the recession. Banks and industry are almost unaffected. This danger has also passed safely away. Herbert Hoover, President of the United States, May 1, 1930,
"...by May or June the spring rebound which we predicted in the bulletins of November and December of last year should manifest itself..." Harvard Economic Society, May 17, 1930
"Gentlemen, you are sixty days too late. The depression is over." Herbert Hoover, response to a delegation that petitioned for a public works programme to speed up economic recovery, June 1930
16) "...the chaotic and contradictory movements of business should soon give way to a prolonged recovery..." Harvard Economic Society, June 28, 1930
17) "...the forces of the current depression are running out..." Harvard Economic Society, August 30, 1930
18) "We are nearing the end of the decline phase in the depression process." Harvard Economic Society, 15 November 1930
19) "At this level, stabilisation is quite possible." Harvard Economic Society, October 31, 1931
20) "All safe deposit boxes in banks and financial institutions are sealed ... and may only be opened in the presence of a representative of the Internal Revenue Service." President F.D. Roosevelt, 1933
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