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That verse comes in handy when one has made enough!... :)
I prefer the way of Lao Tzu who said:
There is no greater sin than desire,
No greater curse than discontent,
No greater misfortune than wanting something for oneself.
Therefore he who knows that enough is enough will always have enough.
Tao Te Ching 46
In the world of the stock market, it seems from time immemorial that what really matters is to "make a killing" in the market.
Hmmm..... The writer uses the word 'hunger'. I think the word greed can also be used here. Be careful what is hunger versus what is greed.
Business Times 31 March, 2007 - What does it take to make it big?
Here are some points from Teh Hooi Ling's article on what it takes to make it big in investment.
"There are many opportunities up for grabs. But if you are not hungry and are content to just sit back and relax, your wealth is not going to grow fast.
Hunger need not be for money. It can be a hunger for an intellectual challenge, for the satisfaction of getting it right and the recognition of being astute. With hunger, you are more diligent when looking for opportunities, more willing to do a little more research and think through more thoroughly the probabilities of success and failure and the likely outcome. Often times, wealth will be a natural by product.
Discipline, meanwhile, is about going through the same rigours for mistakes, cutting losses and moving on. It is also about properly managing risks, not over gearing yourself and making capital preservation a major goal.
After speaking to and observing many successful investors, I believe you need all the above - intelligence, hunger, capital, network, discipline and luck - to succeed on a sustained basis.
Pure and simple analysis of a company's financial statements, plus an understanding of is business can - without any access to privileged informatin - earn you just as good a return as any trader or fund manager.
Don't begrude the rich. You too can become rich. It depends on how hungry you are. But remember, money is not the only thing in life. Having the time to smell the roses can itself be a luxury."
End of article
You also need to be patient and be proactive in finding information
Straits Times Index (Fri) Last:3231.24 Vol: 1,779.7 mil 
+2.36 
+2.36
a matter of time ...unionmet has run; yongnam is pausing now but has moved from 25 cts and kekeke
quote
[
| grass8eater Member |
Posted: 28-Mar-2007 09:18 |
 x 0  x 0 |
those who bought STI puts all crying now now is not the time to go for puts buy yongnam, ausgroup and unionmet to help recover your losses] unquote |
It's Friday, you see...
Being time to fold up and head for Happy Hour!!!... :)
Being time to fold up and head for Happy Hour!!!... :)
There was a sudden sell off in the last half hour of trading.
Giantlow...
hahaha...
This song has been sung continuously for so long...
Yet the market continues to go up... :)
hahaha...
This song has been sung continuously for so long...
Yet the market continues to go up... :)
Stocks are volatile.
Sell the rallies.
Major resistance still around 3310 STI.
Aroon indicator being positive can be interpreted that the last high can be tested- only about 70 points away- if the news is neutral over the next few days.
Sell the rallies.
Major resistance still around 3310 STI.
Aroon indicator being positive can be interpreted that the last high can be tested- only about 70 points away- if the news is neutral over the next few days.
poor data from US, tensions in the middle east, high oil prices doesn't bode well for the STI. not safe
better park one's money in value plays instead of hot stocks
dear newsmoon, so wats ur stand on sti now? and world markets ard now?
Now that the STI has penetrated 3240 on the 5 day chart the next target is 3270
Aroon indicator is now positive for S&P-STI-Hang Seng- Shanghai
Normally it does not turn positive for long periods of time
Normally it does not turn positive for long periods of time
i'd say the volatility is out of the charts right now. personally, i would throw the 'trends' out of the window. just take in the latest info, figure out its implications. with current market conditions i think 50-50 chance of up move and down move. iran still hasn't released the sailors, does it make you nervous? it sure makes me nervous.
ignoring iran, seems like pretty good time to buy more. but i'm not willing to take that risk at the moment.
ignoring iran, seems like pretty good time to buy more. but i'm not willing to take that risk at the moment.
Dow is doing pretty well tonight!
Hi there, congrats to all who managed to pick up gems. i'm sure your bank accounts just got bigger. Don't forget to donate a little to charity. Also that Iran situation seems a little dodgy....before u increase your holdings please consider the geopolitical risk. one bullet either way could / may cause world markets to bleed like an arm being ripped off. By the way, I was wrong about Ben going in to sooth the markets looks like he did more damage ;p
Oop..sori..SGX Traded Volume Typing Errr.....should read Vol: 1,820.4 mil
Another week of volatile traded day just passed, next another week of volatile day !!!. Today volume look rather healthy. Tink so, tink will be another volatile coming week. Shanghai, Nikkei and HK maybe taking the lead to bring it to positive (+) territortries on Monday opening.
Straits Times Index Last:3228.88 Vol:3,820.4m p +27.13