Super Singer 3 Grand Finale 23 September 2011 with videos

AirTel Super Singer 3, the very popular music talent program of Vijay TV has atlast reached the last lap with the Grand Finale on 23 September 2011.

Pooja, Sathya Prakash, Sai Charan and the affable Santhosh were the final contenders for the Super Singer 2011 title. The grand finale as expected drew big crowds at the venue and Star Vijay made arrangements for the live telecast of the program.

The winner as expected was selected by popular vote and as I thought, Sai Charan who has been passionate about the title has won.

The surprise however was however in the runners-up result. Unbelievably, even for himself, Santhosh won the second place, surprise surprise Sathya Prakash was below Santhosh and the only girl in the finale Pooja, was pushed to the last spot which, atleast on stage, she took it gracefully.

G V Prakash, seemed disappointed that his favourite Sathya Prakash didn't get popular vote. He showed displeasure subtly on the stage.

Watch the complete video.

Reliance gas output falls?

Power Ministry has expressed concern over the fall in natural gas production at Reliance Industries’ eastern offshore KG-D6 fields as the shortfall may hit electricity generation this summer.

Earlier this week, the ministry had written to the Oil Ministry pointing out that power plants are getting less than allocated gas from KG-D6.

“The short supply of gas by Reliance to the power projects is a matter of great concern mainly due to the huge requirement of electricity during summer season,” it said.

Natural gas production from KG-D6 has fallen to 47.5 million standard cubic meters per day from 61.5 mmscmd output the block had achieved in March 2010. This fall has led to Reliance making a pro-rata cut in supplies of all its customers.

The power ministry said only 24.5 mmscmd of gas was supplied to power plants in February as against allocation of 33 mmscmd on firm as well as fall back basis.

The short supply, it said, may be “construed as non compliance of the decision of the EGoM.”

Mark Douglas's five fundamental truths

1. Anything can happen. Translated – you have no control over the market.

2. You don’t need to know what’s going to happen next in order to make money. You don’t need to be psychic, or try to predict the market. This is not to say that you cannot predict what the market will do next and be correct, only that you don’t have to, and that by trying to predict you shackle yourself to ‘the need to be right’ and the associated ball and chain.

3. Wins and losses are random – You will never know when a trade will be a winner in advance, only that the conditions that define your edge are present.

4. Your edge is nothing more than a higher probability of one thing happening over another. Your edge is no guarantee of a winning trade, just of winning over time.

5. Every moment in the market is unique. Just because a similar trade won last time does not mean it will this time, and by treating each trade as totally unique you can see the truth of the trade without relating it to ‘what happened last time’.

These beauty in these theories is that they take the emphasis off any one trade, and turn your trading into a big picture endeavour.

Motivational speech of Shiv Khera

I like motivational speeches. Even if some of them tell you what you may already know, it helps to refresh one's knowledge and also refocus oneself.

See this motivational speech video, thanks to youtube.

Trading Theory

Trading can be mastered if you concentrate your efforts on how you will react to price rather than desiring to predict it. Reacting is a business decision, predicting is an ego play.

Traders want to make money. Losses in the long run don’t matter. Forecasters (prophets) want to be right (ego). And that’s all that they are concerned about.

Don’t decide anything (ego), let the market do that job for you (business).

Like any other business you have a business plan and the financial portion of that plan is the most important.

In this business your inventory is stocks, bonds, futures or options. Like any other business you define what an acceptable loss is on an item and what is an acceptable profit for the risk undertaken. Like any other business if the item of inventory doesn’t do what you expected it to do, you put it on sale and liquidate it to raise capital to purchase inventory that will do what you want it to do. Your acceptable loss is your stop. Your money management system tells you how much that is. Your mark up is dependent upon your trading system and trading style. It doesn’t make any difference if you are a day trader or an investor. Like any business, some turn their inventory 10 times a day, some 20 times a year and some only twice a year. Your trading style and inventory volatility will tell you what your turnover rate will be.Trading is a business and if you treat it as anything else you will be a loser.