Dear Friends,
I like to take a step back and bring an open and broader view related to the starting of the,
'controversial', 104... thread in to our perspective;
by doing so, clarifying the intended objectives of starting the thread; as well as, clarifying
what I did not intend to achieve.
As most of you have noticed, I was out of the forum for nearly more that two years being an active member;
due to, mainly, time limitations. That time limitation restricted me allocating any considerable time to
market analysis activities also. Few years ago, I was in to both fundamental share performance analysis AND
technical analysis. However, due to time restrictions, I had to let go the fundamental analysis part and
move more towards Technical analysis.
Through experience, I learnt, there cannot exist any technique, be it fundamental or technical, capable of
outperforming the market at all times, at all market conditions. However, even a basic, simple technique; when used under special market conditions,
with strict discipline, can outperform any market under special favorable conditions.
Also, I learnt, the intellectual knowledge alone on markets or techniques is not adequate to develop
that discipline in a trader. A trader need to gather experience, by walking along a controlled path for a considerable
time in order to become successful as a 'outperforming' trader.
As I observed, in this forum (Should be in any forum for that matter), there are posts to stimulate our
intellectual knowledge but hardly any material to enhance trading experience.
That's why I thought of starting this 'strange' thread; probably the first of its kind in this forum.
----
I should clearly clarify that, I do not intend, and I do not believe I will, get any material benefits out
of this 'experiment'. And, I do not need the support of any thread to achieve gains in the market.
And, again, I do not depend on my market performance to support my life at the moment.
So, the whole idea behind starting the thread was, just to transfer and induce my experience and understanding
with others.
---------
To re-iterate the logic behind, executing the trades with real money: unless you put your real money in to
a trade, you will never learn from that trade in total. It's like; you will never experience the taste of 'Sugar'
until you eat sugar; or sour or bitter.
To give another analogy: you may learn driving in simulator, but, in order to become a good driver, you need
to hit the road and get experience. A diver with a constant fear of meeting an accident will never be a good driver.
A driver with no fear of meeting an accident will not survive as a driver for long.
---------------
I, in fact, expected some controversy to get associated here, when starting the thread, since that was going to be
the first of its kind in the forum. And there were hundreds of different interpretations one could come up with.
Let me estimate the best possible and worst possible outcomes I can anticipate as result of the thread.
Best Possible Outcomes:
* Interested traders participate in this experiment and gain experience on technical trading
* The participants gain skills to manage emotional aspects of the trading become successful traders
* Participants will share the emotional experience they go through with others, and learn from each other
* Eliminate mis-conceptions about trading and trading techniques
* Optimization of when and how to use the applied trading technique in this experiment in real life later
Worst Possible Outcomes:
* The experiment not showing any conceivable result, leading to total disappointment towards technical trading
* Some participants become too 'greedy' and as a result loosing all their money in bad trades
* The experiment become too popular and as a result influence the movement of whole CSE in an unbalanced manner
* Some participant mis-understand the objective of the experiment and loose their confidence and money on the way
* Some parties with some hidden agendas join the experiment and try to sabotage the forum and its members work
* Some unintended outcome goes out of control and develop in to some real life legal battles
* Authorities get interests and take some legal action against the forum and members
* The forum looses its reputation as a result of an unintended outcome of the 'experiment'
It looks the possible cons of the experiment looks outweigh the expected pros.
-----------------------
Restricting the tread to a set of suitable member is also acceptable to me. In fact, I suggested some movement similar to that, to discuss high risky trades, about 4~5 years ago in this forum, as mentioned by @Yellow Knife.
If majority of genuine members think so, I have no problem at all stopping 'the experiment' and the 104.. thread.
I am by no means, emotionally attached to it.
![Smile](https://2img.net/i/fa/i/smiles/icon_smile.gif)
However, I like to throw out some random questions coming in to my mind:
- What are the chances that a trader loosing his money as a result of this experiment
- What are the bad examples that might set as a result of this
- Is it not good to discuss real time trades and shares openly?
- Is it not good to indicate a buying or selling set up in the open forum?
- Is it not good to promote investing in CSE due to high risks?
- CSE and SEC seem heavily suggesting public investing in CSE; should the stop doing so?
- Some share names are mentioned in some threads in this forum; is it bad or good?
- Some counters are mentioned as value and fundamentally good; is it bad?
- Some analysis suggest readers investing in certain counters or keeping without selling; is it bad?
- Is it good to keep the investment forums open, as, it might influence some innocent public into investing in the markets an loose money.
- Is it bad for interested 'innocent' investors giving a chance to experience real time trades in a controlled manner to experience what trading is about?
» CCS.N0000 ( Ceylon Cold Stores)
» Sri Lanka plans to allow tourists from August, no mandatory quarantine
» When Will It Be Safe To Invest In The Stock Market Again?
» Dividend Announcements
» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්රතික්ෂේප කළ ගණිතඥයා
» SEYB.N0000 (Seylan Bank PLC)
» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
» The Korean Way !
» In the Meantime Within Our Shores!
» What is Known as Dementia?
» SRI LANKA TELECOM PLC (SLTL.N0000)
» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
» Equinox ( වසන්ත විෂුවය ) !
» COMB.N0000 (Commercial Bank of Ceylon PLC)
» REXP.N0000 (Richard Pieris Exports PLC)
» RICH.N0000 (Richard Pieris and Company PLC)
» Do You Have Computer Vision Syndrome?
» LAXAPANA BATTERIES PLC (LITE.N0000)
» What a Bank Run ?
» 104 Technical trading experiments by HUNTER
» GLAS.N0000 (Piramal Glass Ceylon PLC)
» Cboe Volatility Index
» AHPL.N0000
» TJL.N0000 (Tee Jey Lanka PLC.)
» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
» Bitcoin and Cryptocurrency
» CSD.N0000 (Seylan Developments PLC)
» PLC.N0000 (People's Leasing and Finance PLC)
» Bakery Products ?
» NTB.N0000 (Nations Trust Bank PLC)
» Going South
» When Seagulls Follow the Trawler
» Re-activating
» අපි තමයි හොඳටම කරේ !
» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
» SAMP.N0000 (Sampath Bank PLC)
» APLA.N0000 (ACL Plastics PLC)
» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
» Banks, Finance & Insurance Sector Chart
» VPEL.N0000 (Vallibel Power Erathna PLC)
» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
» WATA - Watawala
» KFP.N0000(Keels Food Products PLC)
» Capital Trust Broker in difficulty?
» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
» What Industry Would You Choose to Focus?
» Should I Stick Around, or Should I Follow Others' Lead?