One day, an old man and his assistant arrived at a farming village. The old man gathered all the villagers and told them that he is in the business of buying and selling monkeys and that the reason why he has come to their village is becoz there is a forest next to that village which is infested with lots of monkeys. He told the villagers he would pay $10 for every monkey they bring him.
So some of the villagers started to stop work on their farms to go into the forest to catch monkeys. They brought their monkeys to the old man and true enough, he paid them $10 for every monkey. Words spread and not long after, more and more of the villagers stopped working on their farms to go into the forest to catch monkeys. And they were all paid $10 for every monkey they delivered to the old man.
Becoz more villagers were now monkey hunters, it became more and more difficult to catch monkeys as their numbers started to dwindle. The supply of monkeys started to come down. So the old man gathered all the villagers and told them he would pay $20 for every monkey they bring him. Wow! That sounds great and the villagers started to drum up the beat to look deeper into the forest and higher into the trees to look for more monkeys. And they were paid $20 for every monkey they caught and everyone was happy.
As more and more villagers turned monkey hunters, the monkey population in that forest started to dwindle very significantly and it became increasingly difficult to catch even one monkey a day. As such, the villagers started to return to their farms to work.
Once again, the old man gathered all the villagers and told them that as he is running out of time and he needed more monkeys, he would up the stakes and pay $50 for every monkey delivered to him. He also told the villagers that as he has to leave the village for a few days to attend to some business in town, they can deliver the monkeys to his assistant and his assistant has been instructed to pay $50 for every monkey caught.
The villagers got all excited and went deep into the forest to look for monkeys but by this time, there were no monkeys to be found. The villagers approached the assistant and told him the $50 offer is wonderful but the monkeys were simply not there.
That assistant then said to the villagers......"I know there are very few monkeys left in the forest. But here in my cages, I have thousands of monkeys. Tell you what...why not you buy these monkeys from me at $35 each. Then when the old man comes back, you can sell your monkeys to him for $50 and make $15 each."
Wow! That sounds like a great idea...the villagers thought. So they bought as many monkeys as they could from the assistant at $35 each.
After that day, the villagers never saw the old man or his assistant again
Taken from i3-forum
Morning ... it is 5am ... 1st AUG ... and I need to wake up early to update my stock watch. There are few stocks that I am still holding to, and checking to buy.
The above story taken from i3-forum, a good forum comparing to many around but I have recently 'ignored' most of the postings there. It is becoming so noisy, and it the admin not going to do some cleaning, it will becoming messy and a waste of such a good platform for learning. I will e-mail the admin when I have the time to do that.
i-3 is still a good platform to check on dividends, reports, news related etc etc ... just minus the forum. I do have few tratles from i-3, as they got to read my postings there. Today, I will advise them not to read those postings in forum. Well, logical people will like to focus what in their hands rather than clustering their minds with noises, right?
Anyway, my blog is still featured there. It has saddened me that I have to leave the i-3 where I used to share some pointers, with a hope to help some newbies or novices about real trading. Too bad ... the Monkey Story is still a good one to save it in my blog for my own keeping.
GenM : Bought yesterday as it shown some sign of strength. Target at resistance 3.55 level.
We Learn . . .
10% of what we read
20% of what we hear
30% of what we see
50% of what we see and hear
70% of what we discuss
80% of what we experience
95% of what we teach others.”
- William Glasser -
This was posted in my tratle page and I find it good as a reminder. Yes, you can't learn by just reading ... or hearing ... or even just by seeing. We need to discuss and experience what we read, hear and see. If we could teach others what we understood, that will be the best way of learning!!
So, that is how my blog started ... as I patiently learning about trading-investing, and started this blog in 8th AUG 2008. Yes ... a nice 8.8.8, 4 years ago, Olympic in China. Now, we have Olympic in London.
I learned things a looong way, waking up around 5am to read, to do analysing and trying to understand the stock-markets. It is definitely very difficult for a non-financial person like me. It is certainly good experiences as I am taking so many trades in so many counters, different instruments and different markets(and get fingers burnt too! haha). Then, we share our experinces with others while listening to what others have to say ... it is long journey in my learning ... while it is certainly my trading adventure.
Some came into my adventure, left without a trace while some becoming part of my trading adeventure! It is a good adventure, thus far ... and I do plan to stay on actively trading for another few years to come, but trying something else such as FKLI I am into at the moment ... one at a step.
It is almost 6 am now ... do check out another interesting clip here.