A newly joined trainee engineer asks his boss "what is the meaning of appraisal?"
Boss: "Do you know the meaning of resignation? "
Trainee: "Yes I do"
Boss: "So let me make you understand what a appraisal is by comparing it with resignation"
Comparison study : Appraisal and Resignation
In appraisal meeting they will speak only about your weakness, errors and failures.
In resignation meeting they will speak only about your strengths, past achievements and success.
In appraisal you may need to cry and beg for even 10% hike.
In resignation you can easily demand (or get even without asking) more than 50-60% hike.
During appraisal, they will deny promotion saying you didn't meet the expectation, you don't have leadership qualities, and you had several drawbacks in our objective/goal.
During resignation, they will say you are the core member of team; you are the vision of the company how can you go, you have to take the project in shoulder and lead your juniors to success.
There is 90% chance for not getting any significant incentives after appraisal.
There is 90% chance of getting immediate hike after you put the resignation.
Trainee: "Yes boss enough, now I understood my future. For an appraisal I will have to resign ... !!!"
Wednesday, October 22, 2008
Friday, October 10, 2008
Tips For Trading - 2% Rule
Applying the 2 Percent Rule
- Calculate 2 percent of your trading capital: your Capital at Risk
- Deduct brokerage on the buy and sell to arrive at your Maximum Permissible Risk
- Calculate your Risk per Share:
Deduct your stop-loss from the buy price and add a provision for slippage (not all stops are executed at the actual limit). For a short trade, the procedure is reversed: deduct the buy price from the stop-loss before adding slippage. - The Maximum Number of Shares is then calculated by dividing your Maximum Permissible Risk by the Risk per Share.
Covariance
The biggest flaw in most risk management systems is that stock movements influence each other. Individual trades are not independent. Markets march in unison and individual stocks follow. Of course there are mavericks: stars that rise in a bear market or collapse in the middle of a bull market, but these are the exception. The majority follow like a flock of sheep.
Thomas Dorsey in Point & Figure Charting gives an example of the risks affecting a typical stock:
| Market risk Sector risk Stock risk | 66% 24% 10% |
As a rule of thumb, limit your Total Capital at Risk in any one industry sector to 3 times your (maximum) Capital at Risk per stock (e.g. 6% of your capital if you are using the 2 percent rule). This does not mean that you are limited to holding 3 stocks in any one sector. You may buy a fourth stock when one of your initial 3 trades is no longer at risk (when you have moved the stop up above your breakeven point on the trade); and a fifth when you have covered your risk on another trade; and so on.
Limit your Total Capital at Risk in the market to between 5 and 10 times your (maximum) Capital at Risk per stock (e.g. 10% to 20% of your capital if you are using the 2 percent rule). Adjust this percentage to suit your own risk profile. Also, the shorter your time frame and the higher your Success Rate, the greater the percentage that you can comfortably risk.
Thursday, October 2, 2008
Satwa - My Residence in Dubai
This is one of the most affordable central localities and so one finds traffic at all times of day. Especially on account of a circular road that is at centre of this locality. And so once you enter the locality you have see around almost all the shops in the area. Looks like some conspiracy by the local shopkeepers.
Beautiful and Grand Mosque that was built in recent past to add to the glory of this place. Surrounded on both the sides by parking lot so people find it easy and convenient to come and pray here. The parking lot is paid, but during prayer time they give concession to the namazis. If you have some patience there is free parking lot behind the line of houses that you see.
As you see just behind these localities are tall buildings. The buildings that are supposed to be landmarks and pride of Dubai on Famous Sheikh Zayed Road. At the right end you can see the tallest building in World that is under construction. Satwa is in between the Sea and these Building. As you would observe when people looks from the tall buildings towards the sea (other side is the desert and people come to see the seaside when they come to Dubai) they will find this low cost housing locality in between. People speculate that Dubai from this angle will look more like Sudan and so apparently a decision has been taken to demolish this locality and make it a cluster of high-rise localities. Supposedly another jewel in Dubai concrete city.
Common sight in the parking area is fixing of sun screen on car windows. In Satwa you get affordable car service and car accessories. Number of shops to choose from.
You get almost every service that you need. One of the few areas where you get photocopy and typing service at walkable distance. Its easy for find even internet browsing centre, money exchange shops, small grocery shop, novelties shop as well super market. I even found a shop where you exclusively get Hindu Pooja items and statues and such items.
There are few gold jewelllery. Costlier than Gold Souq area but goot variety of 18 K that caters to the neighbourhood's shopping requirement. I was told by one of the shop keepers that Phillipinos prefer to buy 18 K jewellery
Easy to find affordable barber shop. Typically its difficult to locate one in new developments on account of high rentals prevalent there.
Shoe repair shop. This is very difficult to find in other areas of Dubai.
If you want to frame your photographs (in this place that abhors idol worship you will find abstract paintings alongside single-pose photos of local ruler in every shop).
The pierre carding shop. Have seen sale running throughout the year. With 60-75% sale running throughout the year discount shop would be a better idea.
These are road side eateries during ramadan month. Feels like India.
The commonly found shawarma table. Its very popular here. Like vada pav in Mumbai. The are is famous for its eateries. Ravi restaurant is very famous for its non-veg food. I am vegetarian and prefer to eat at home. However, when i need to there is Vandana restaurant, with decent gujarat food very close to my house. Exactly opposite the mosque.
This is a landmark. I stay near this place.
This is the bus stop where i normally wait for my bus. Its typically 30 minutes to 1 hour of wait.
Beautiful and Grand Mosque that was built in recent past to add to the glory of this place. Surrounded on both the sides by parking lot so people find it easy and convenient to come and pray here. The parking lot is paid, but during prayer time they give concession to the namazis. If you have some patience there is free parking lot behind the line of houses that you see.
As you see just behind these localities are tall buildings. The buildings that are supposed to be landmarks and pride of Dubai on Famous Sheikh Zayed Road. At the right end you can see the tallest building in World that is under construction. Satwa is in between the Sea and these Building. As you would observe when people looks from the tall buildings towards the sea (other side is the desert and people come to see the seaside when they come to Dubai) they will find this low cost housing locality in between. People speculate that Dubai from this angle will look more like Sudan and so apparently a decision has been taken to demolish this locality and make it a cluster of high-rise localities. Supposedly another jewel in Dubai concrete city.
Common sight in the parking area is fixing of sun screen on car windows. In Satwa you get affordable car service and car accessories. Number of shops to choose from.
You get almost every service that you need. One of the few areas where you get photocopy and typing service at walkable distance. Its easy for find even internet browsing centre, money exchange shops, small grocery shop, novelties shop as well super market. I even found a shop where you exclusively get Hindu Pooja items and statues and such items.
There are few gold jewelllery. Costlier than Gold Souq area but goot variety of 18 K that caters to the neighbourhood's shopping requirement. I was told by one of the shop keepers that Phillipinos prefer to buy 18 K jewellery
Easy to find affordable barber shop. Typically its difficult to locate one in new developments on account of high rentals prevalent there.
Shoe repair shop. This is very difficult to find in other areas of Dubai.
If you want to frame your photographs (in this place that abhors idol worship you will find abstract paintings alongside single-pose photos of local ruler in every shop).
The pierre carding shop. Have seen sale running throughout the year. With 60-75% sale running throughout the year discount shop would be a better idea.
These are road side eateries during ramadan month. Feels like India.
The commonly found shawarma table. Its very popular here. Like vada pav in Mumbai. The are is famous for its eateries. Ravi restaurant is very famous for its non-veg food. I am vegetarian and prefer to eat at home. However, when i need to there is Vandana restaurant, with decent gujarat food very close to my house. Exactly opposite the mosque.
This is a landmark. I stay near this place.
This is the bus stop where i normally wait for my bus. Its typically 30 minutes to 1 hour of wait.
Subscribe to:
Posts (Atom)