Share Market

Sold and waiting for the next opportunity

Dear Friends,

Nifty fell by almost 80 points today due to negative global cues.
As of now, the global cues are negative. The global markets are down between 0.5-2%.

This discipline of maintaining a stop loss for short term trades is very important. No emotions must be attached to investing or trading. The numbers must direct you to take correct decisions.

Now, we have to wait for the next short term opportunity. There is still 1.5 months left in this year. We may see another opportunity to make 10% profits before the end of this year.
Sell all your recent purchases that you have made, if you have not already done so.
As I said yesterday, I had put a stop loss for my M&M and Titan and both of them were sold at the stop loss level. Therefore, I sold M&M at a loss of 2% and Titan at about 1.5% loss.
M&M fell later to much below my selling price and that is why it is always important to set your stop loss and stick by it.
Long term investors do not need to think about the short term fluctuations. They have to invest knowing that their money would have grown by many number of times in the long term. Bluechips are market leaders and they are usually expected to perform well in the long run. Always remember that safety of your investment should be your first priority and only then should you look for good returns. Do not invest in stocks which may be speculative but have high degree of risk of losing your capital.

Also, I have heard and seen hundreds of cases where investors listen to the advice of the broker to buy shares. Please understand that you should instruct the broker on which shares you want to purchase or sale and NOT take advice from him regarding which shares to buy or sell.

Share Market

Waiting patiently for the next opportunity

Dear Friends,

Currently, there is no opportunity to buy for short term. Keep your money in the bank and wait for the next opportunity.
The previous opportunity did not give us 10% profits. However, this was one of the unfortunate chances. Lets hope we get another chance of 10% profits before the end of this year.

Nifty again down by 38 points today due to weak Asian market cues.
As of now, the global cues are mildly negative with the markets down by about 0.5%.

Many bluechips are trading at very low prices compared to some days and months back. Long term investors must continue to invest on a monthly basis in bluechips. When the markets fall, long term investors must not stop their monthly investments. This is a time for them to accumulate shares at a lower prices and thereby secure a good average purchase price for their shares.

Why XML Schemas

XML Schemas are much more powerful than DTDs.
XML Schemas Support Data Types
One of the greatest strength of XML Schemas is the support for data types.
With support for data types:
It is easier to describe allowable document content
It is easier to validate the correctness of data
It is easier to work with data from a database
It is easier to define data facets (restrictions on data)
It is easier to define data patterns (data formats)
It is easier to convert data between different data types
XML Schemas use XML Syntax
Another great strength about XML Schemas is that they are written in XML.
Some benefits of that XML Schemas are written in XML:
You don't have to learn a new language
You can use your XML editor to edit your Schema files
You can use your XML parser to parse your Schema files
You can manipulate your Schema with the XML DOM
You can transform your Schema with XSLT
XML Schemas Secure Data Communication
When sending data from a sender to a receiver, it is essential that both parts have the same "expectations" about the content.
With XML Schemas, the sender can describe the data in a way that the receiver will understand.
A date like: "03-11-2004" will, in some countries, be interpreted as 3.November and in other countries as 11.March.
However, an XML element with a data type like this:
<date type="date">2004-03-11</date>
ensures a mutual understanding of the content, because the XML data type "date" requires the format "YYYY-MM-DD".
XML Schemas are Extensible
XML Schemas are extensible, because they are written in XML.
With an extensible Schema definition you can:
Reuse your Schema in other Schemas
Create your own data types derived from the standard types
Reference multiple schemas in the same document
Well-Formed is not Enough
A well-formed XML document is a document that conforms to the XML syntax rules, like:
it must begin with the XML declaration
it must have one unique root element
start-tags must have matching end-tags
elements are case sensitive
all elements must be closed
all elements must be properly nested
all attribute values must be quoted
entities must be used for special characters
Even if documents are well-formed they can still contain errors, and those errors can have serious consequences.
Think of the following situation: you order 5 gross of laser printers, instead of 5 laser printers. With XML Schemas, most of these errors can be caught by your validating software.

XML Schema

XML Schema is an XML-based alternative to DTD.
An XML schema describes the structure of an XML document.
The XML Schema language is also referred to as XML Schema Definition (XSD).
What You Should Already Know
Before you continue you should have a basic understanding of the following:
HTML / XHTML
XML and XML Namespaces
A basic understanding of DTD

What is an XML Schema?
The purpose of an XML Schema is to define the legal building blocks of an XML document, just like a DTD.
An XML Schema:
defines elements that can appear in a document
defines attributes that can appear in a document
defines which elements are child elements
defines the order of child elements
defines the number of child elements
defines whether an element is empty or can include text
defines data types for elements and attributes
defines default and fixed values for elements and attributes
XML Schemas are the Successors of DTDs
We think that very soon XML Schemas will be used in most Web applications as a replacement for DTDs. Here are some reasons:
XML Schemas are extensible to future additions
XML Schemas are richer and more powerful than DTDs
XML Schemas are written in XML
XML Schemas support data types
XML Schemas support namespaces
XML Schema is a W3C Recommendation
XML Schema became a W3C Recommendation 02. May 2001.

XML DOM

DOM (Document Object Model) defines a standard way for accessing and manipulating documents.
The XML DOM
The XML DOM defines a standard way for accessing and manipulating XML documents.
The XML DOM views an XML document as a tree-structure.
All elements can be accessed through the DOM tree. Their content (text and attributes) can be modified or deleted, and new elements can be created. The elements, their text, and their attributes are all known as nodes.

The HTML DOM
The HTML DOM defines a standard way for accessing and manipulating HTML documents.
All HTML elements can be accessed through the HTML DOM.

Example
<html>
<body>
<h1>W3Schools Internal Note</h1>
<div>
<b>To:</b> <span id="to"></span><br />
<b>From:</b> <span id="from"></span><br />
<b>Message:</b> <span id="message"></span>
</div>
<script type="text/javascript">
if (window.XMLHttpRequest)
  {// code for IE7+, Firefox, Chrome, Opera, Safari
  xmlhttp=new XMLHttpRequest();
  }
else
  {// code for IE6, IE5
  xmlhttp=new ActiveXObject("Microsoft.XMLHTTP");
  }
xmlhttp.open("GET","note.xml",false);
xmlhttp.send();
xmlDoc=xmlhttp.responseXML;
document.getElementById("to").innerHTML=
xmlDoc.getElementsByTagName("to")[0].childNodes[0].nodeValue;
document.getElementById("from").innerHTML=
xmlDoc.getElementsByTagName("from")[0].childNodes[0].nodeValue;
document.getElementById("message").innerHTML=
xmlDoc.getElementsByTagName("body")[0].childNodes[0].nodeValue;
</script>
</body>
</html>

Example
<html>
<body>
<h1>W3Schools Internal Note</h1>
<div>
<b>To:</b> <span id="to"></span><br />
<b>From:</b> <span id="from"></span><br />
<b>Message:</b> <span id="message"></span>
</div>
<script>
txt="<note>";
txt=txt+"<to>Tove</to>";
txt=txt+"<from>Jani</from>";
txt=txt+"<heading>Reminder</heading>";
txt=txt+"<body>Don't forget me this weekend!</body>";
txt=txt+"</note>";
if (window.DOMParser)
  {
  parser=new DOMParser();
  xmlDoc=parser.parseFromString(txt,"text/xml");
  }
else // Internet Explorer
  {
  xmlDoc=new ActiveXObject("Microsoft.XMLDOM");
  xmlDoc.async="false";
  xmlDoc.loadXML(txt);
  }
document.getElementById("to").innerHTML=
xmlDoc.getElementsByTagName("to")[0].childNodes[0].nodeValue;
document.getElementById("from").innerHTML=
xmlDoc.getElementsByTagName("from")[0].childNodes[0].nodeValue;
document.getElementById("message").innerHTML=
xmlDoc.getElementsByTagName("body")[0].childNodes[0].nodeValue;
</script>
</body>
</html>

XML

XML Schema is an XML-based alternative to DTD.
An XML schema describes the structure of an XML document.
The XML Schema language is also referred to as XML Schema Definition (XSD).
What You Should Already Know
Before you continue you should have a basic understanding of the following:
HTML / XHTML
XML and XML Namespaces
A basic understanding of DTD

What is an XML Schema?
The purpose of an XML Schema is to define the legal building blocks of an XML document, just like a DTD.
An XML Schema:
defines elements that can appear in a document
defines attributes that can appear in a document
defines which elements are child elements
defines the order of child elements
defines the number of child elements
defines whether an element is empty or can include text
defines data types for elements and attributes
defines default and fixed values for elements and attributes
XML Schemas are the Successors of DTDs
We think that very soon XML Schemas will be used in most Web applications as a replacement for DTDs. Here are some reasons:
XML Schemas are extensible to future additions
XML Schemas are richer and more powerful than DTDs
XML Schemas are written in XML
XML Schemas support data types
XML Schemas support namespaces

W3C DTD

Introduction to DTD
A Document Type Definition (DTD) defines the legal building blocks of an XML document. It defines the document structure with a list of legal elements and attributes.
A DTD can be declared inline inside an XML document, or as an external reference.
Internal DTD Declaration
If the DTD is declared inside the XML file, it should be wrapped in a DOCTYPE definition with the following syntax:
<!DOCTYPE root-element [element-declarations]>
Example XML document with an internal DTD:
<?xml version="1.0"?>
<!DOCTYPE note [
<!ELEMENT note (to,from,heading,body)>
<!ELEMENT to (#PCDATA)>
<!ELEMENT from (#PCDATA)>
<!ELEMENT heading (#PCDATA)>
<!ELEMENT body (#PCDATA)>
]>
<note>
<to>Tove</to>
<from>Jani</from>
<heading>Reminder</heading>
<body>Don't forget me this weekend</body>
</note>

External DTD Declaration
If the DTD is declared in an external file, it should be wrapped in a DOCTYPE definition with the following syntax:
<!DOCTYPE root-element SYSTEM "filename">
This is the same XML document as above, but with an external DTD (Open it, and select view source):
<?xml version="1.0"?>
<!DOCTYPE note SYSTEM "note.dtd">
<note>
  <to>Tove</to>
  <from>Jani</from>
  <heading>Reminder</heading>
  <body>Don't forget me this weekend!</body>
</note>
And this is the file "note.dtd" which contains the DTD:
<!ELEMENT note (to,from,heading,body)>
<!ELEMENT to (#PCDATA)>
<!ELEMENT from (#PCDATA)>
<!ELEMENT heading (#PCDATA)>
<!ELEMENT body (#PCDATA)>
Why Use a DTD?
With a DTD, each of your XML files can carry a description of its own format.
With a DTD, independent groups of people can agree to use a standard DTD for interchanging data.
Your application can use a standard DTD to verify that the data you receive from the outside world is valid.
You can also use a DTD to verify your own data.