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  #16  
Old January 21st, 2002, 09:35 AM
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Right lady pai...everyone wearing carefree yeah??stocks = stockings?
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  #17  
Old January 21st, 2002, 09:40 AM
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Well pail pai similar to stocks just depends on mindset...you got a thousand dollars to play with can play with precious metals too....silver done more than nasdaq would in a lifetime in last two months...1000 dollars gets you one regular or 10 smaller lots(1000 ounces) with some margin to spare....movement in silver....two weeks ago 4.90 dollars an ounce...4 weeks before that 4.12 dollars....gain/loss = 78*5000 ounces for regular lot or 78*1000 for smaller one...so for 10 small lots you make 7800 dollars on an investment of 1000....

Need more specialised knowledge though....forex and precious metals both pretty complex pricing structure....
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  #18  
Old January 21st, 2002, 09:55 AM
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Thumbs down price movements in commodities are eratic

Quote:
Originally posted by laal_langot
Well pail pai similar to stocks just depends on mindset...you got a thousand dollars to play with can play with precious metals too....silver done more than nasdaq would in a lifetime in last two months...1000 dollars gets you one regular or 10 smaller lots(1000 ounces) with some margin to spare....movement in silver....two weeks ago 4.90 dollars an ounce...4 weeks before that 4.12 dollars....gain/loss = 78*5000 ounces for regular lot or 78*1000 for smaller one...so for 10 small lots you make 7800 dollars on an investment of 1000....

Need more specialised knowledge though....forex and precious metals both pretty complex pricing structure....
unlike stocks where prices are determined by performance factors and market sitatutions, and investment could be for long term to ride out market fluctuations, factors affecting commodity prices are unrelated to performance. For example, a decision from OPEC affects oil prices - you can only guess which way they are going and if it is a foregone conclusion, the market factors in that decision.

Certainly, you could make a ton of money trading on commodity price movements, but you could your shirt (or langot) too.
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  #19  
Old January 21st, 2002, 10:00 AM
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Re: price movements in commodities are eratic

Quote:
Originally posted by eNRI


you could your shirt (or langot) too.
This would happen to u definitely after rreadin the WSJ!!
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  #20  
Old January 21st, 2002, 10:06 AM
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And you could very well lose your NARI too if she decides your benfits are no longer enough ever since you moved onto the WSJ...

dude what you dont understand you dont comment upon....price movements are erratic for factors that are more varied than just what Bill Gates does with the 500 or so dollars he earns per second...I said in the earlier post pricing is much more complicated so you have to do more than ask for week old WSJ in your benefits package...

You dont trade on price movements as in some sort of teen patti you are playing at gotiya's den...you trade on judgement instinct and research...very easy to buy a stock that has declared a 200% gain on past years profits...rather difficult to pick up oil when its trading at 9 and a half a barrel
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  #21  
Old January 21st, 2002, 10:12 AM
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Quote:
Originally posted by laal_langot
Well pail pai similar to stocks just depends on mindset...you got a thousand dollars to play with can play with precious metals too....silver done more than nasdaq would in a lifetime in last two months...1000 dollars gets you one regular or 10 smaller lots(1000 ounces) with some margin to spare....movement in silver....two weeks ago 4.90 dollars an ounce...4 weeks before that 4.12 dollars....gain/loss = 78*5000 ounces for regular lot or 78*1000 for smaller one...so for 10 small lots you make 7800 dollars on an investment of 1000....

Need more specialised knowledge though....forex and precious metals both pretty complex pricing structure....

Thats accurate Got pai.. but because the pricing is complicated and the moves very immediate.. its a riskier bet for anyone who cannot do intense research. That is why I said in due course.. I will venture there too.. but not right now. First I have to get my act together on proper stock picking and then extend it further to commodities, forex and the likes.
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  #22  
Old January 21st, 2002, 10:14 AM
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besides, the commodities contracts expire at a fixed date and the last thing I want is someone delivering a truck load of pork bellies at my doorstep just because I forgot what date the contract was supposed to be delivered and failed to get out of it soon enough.
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  #23  
Old January 21st, 2002, 10:15 AM
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Quote:
Originally posted by laal_langot
And you could very well lose your NARI too if she decides your benfits are no longer enough ever since you moved onto the WSJ...

dude what you dont understand you dont comment upon....price movements are erratic for factors that are more varied than just what Bill Gates does with the 500 or so dollars he earns per second...I said in the earlier post pricing is much more complicated so you have to do more than ask for week old WSJ in your benefits package...

You dont trade on price movements as in some sort of teen patti you are playing at gotiya's den...you trade on judgement instinct and research...very easy to buy a stock that has declared a 200% gain on past years profits...rather difficult to pick up oil when its trading at 9 and a half a barrel
langoat, I don't think you understood what I was trying to say. so, don't just go talking about research and study when the only factor in commodity trading is luck.

The price variations are eratic. It may be easy to say post facto that i made this deal and I made a ton of money, but that doesn't happen always. You have probably been impressed by those paid programmes on TV which entice you to get the advantage of leveraged buying in commodities, but it is pure gambling and not investing.

Before oil hit 9.5, it hit 15, you probably bought then and lost money when it went to 13. You bought again at 12 and lost again when it went to 10. If you say that you will wait and buy again until it hits 9.5 and that will be the lowest, you may never be able to buy it.
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  #24  
Old January 21st, 2002, 10:19 AM
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Pail pai Indian stock market not too bad also since its primarily equities....pretty inefficient in reacting to news and picking frontline volatile stocks(Infosys Wipro Satyam Global Telesystems TV18 Zee Himachal futurstic etc.) can pretty quickly multiply the numbers...online trading just in its infancy...pretty safe market otherwise...no over night net shorts allowed SEBI always doing the rounds in lungi holding talwaar...
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  #25  
Old January 21st, 2002, 10:21 AM
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NARI your real name George Buffet (cross between Warren and Soros) right?

Have been more impressed by the pay per view adult channels mate...
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  #26  
Old January 21st, 2002, 10:24 AM
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Quote:
The price variations are eratic. It may be easy to say post facto that i made this deal and I made a ton of money, but that doesn't happen always. You have probably been impressed by those paid programmes on TV which entice you to get the advantage of leveraged buying in commodities, but it is pure gambling and not investing.
Wow I am impressed. Such a knowledgeable Janitor
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  #27  
Old January 21st, 2002, 10:25 AM
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Quote:
Originally posted by GpeL
besides, the commodities contracts expire at a fixed date and the last thing I want is someone delivering a truck load of pork bellies at my doorstep just because I forgot what date the contract was supposed to be delivered and failed to get out of it soon enough.
pail pai unlike KFC no free home delivery with orders above $10....you will have to go bring it from the trading ring...
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  #28  
Old January 21st, 2002, 10:32 AM
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Talking shifting to a personal comment ....

Quote:
Originally posted by laal_langot
NARI your real name George Buffet (cross between Warren and Soros) right?

Have been more impressed by the pay per view adult channels mate...
.... when you can't beat an arguement with an arguement.

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  #29  
Old January 21st, 2002, 10:35 AM
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Quote:
Originally posted by dirty

Wow I am impressed. Such a knowledgeable Janitor
the knowledge is visible in my post as you have rightly seen. the janitor part is an assumption imposed upon you by some people here.

your choice - what to pick and what to ignore.
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  #30  
Old January 21st, 2002, 10:47 AM
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Quote:
Originally posted by eNRI

langoat, I don't think you understood what I was trying to say. so, don't just go talking about research and study when the only factor in commodity trading is luck.


Well luck does play a factor, but it is not the ONLY factor. Commodity trading involves a lot like anticipating future demand and future supply and a host of other forex calculations, which are far more complex than estimating on a stock's future value. I attended a few seminars by couple of fund managers managing our company's trust, and decided it is too much work and risk for me.


The price variations are eratic. It may be easy to say post facto that i made this deal and I made a ton of money, but that doesn't happen always. You have probably been impressed by those paid programmes on TV which entice you to get the advantage of leveraged buying in commodities, but it is pure gambling and not investing.

Price movements in any free market moves on basic principle of demand and supply. While it sure is erratic, but you make money in that erratic movement. It is gambling if you don't know much, while it is investing if you have done proper research. All said and done every business deal involves some risk, so in a way all business is some sort of gambling.


Before oil hit 9.5, it hit 15, you probably bought then and lost money when it went to 13. You bought again at 12 and lost again when it went to 10. If you say that you will wait and buy again until it hits 9.5 and that will be the lowest, you may never
be able to buy it.


Well good commodity traders know when to jump the ship and when to stock up and stuff like that. It sure is risky, but the basic principle of business is that your returns are proportional to the risks. Langot might find it fun to swim in commodity trading, but for many of us it is plainly too much work.

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