4 CDP's

[avidyarthy]

One 'quite' safe bet is to play 'options'.

That too, either buy 'calls' or buy 'puts'. That way, you know how much maximum losses you can make from day one, if thing goes the reverse way. There too, you have multiple choices depending upon your risk appetite. BTW, am not saying the same for 'selling' buys or puts.

I tried doing that for some time, and made good money. Only thing, it requires a bit of market study ........ by this I mean, not fundamentals of a stock, but, the 'sentiments'. What I have realized in all these years, if one is not a sworn long-time holding player, and hopping in and out often, then the market mood has the final say. Trick is, to invest short term 'within-ones-limit' and come out ASAP. Be satisfied with whatever gains you have made in the short term. BUT, do we ever follow these basic rules .... bloody greed !!

 

[vinay]

Management

Hello Suri,

Well it is very true that most of the times market does not do what we view, so among the best ways is to ignore our thought, and focus on ground reality in terms of management.

If understood well during the years, it is surely not a high pressure job, because most of the activity can be set on auto commands, but a steel nerve is must, when it comes to day trading.

On the other hand there are rare instances when pressure is so high, that one can not imagine, to a extent that it will even over ride our auto commands, it is like you are having car brakes, but can not apply them.

V.

 

[vinay]

Hype

Ajay,

Well it is very true, no wonder day in and day out trading accounts keep getting closed.

It is like cockroaches, the more you kill them, more they will come in form of new entrants, which is because of the hype which surrounds the day trading activity being easiest way to make money over night.

V.

 

[vinay]

Trading

Well very true that with everyone the comfort level is different, some play options, cash market, derivatives, buy today sell tomorrow, etc.

It is indeed very important that you know well before how much could be your loss, while profit we can leave naked, pick when we like, but nothing like it if this is also caped.

It is very true a lot of experience is required to trade in day trading, the more cycles we go through, the more effective we become.

Indeed no fundamentals and related are required, we have the advantage to deal even with the most bogus company, as long as volumes are happening.

One can always be a long term player in form of holding and yet continue with day trading with ease but a lot of mind condition is required.

You are very right, how to tame the greed. I think this is the most easiest way, by putting your stops for profit and loss within a minute of the trade executed, thereafter never ever change such stops.

V.

 

[Kittu]

Even thou the thread is gone OT I am loving it :licklips: . Any tips Vinay ji or a begginers guide on how to invest ?

 

[avidyarthy]

Stay away boss ........ its too very complicated.

Yes, if you possess risk capital, and don't mind losing it in the initial phases, then fine.

But, a better outlet would be to buy the HT goodies with that risk capital

 

[vinay]

Mutual Funds

Kittu,

For beginners, the best way to invest is via mutual funds.

For example invest Rs.5,000/- or less a month, put only those monies which you do not require for next 5 years.

If you want to get into day trading or shares, then the advice given is right, stay away, in-fact do not even think about it, even in dreams.

V.

 

[ajay124]

A brief history of Arcam,the manufacturers of my current cdp
HI-FI WORLD - FEATURE - ARCAM HISTORY
Arcam DiVA CD73 and DiVA CD192 CD players. - Free Online Library
Since the Arcam CD192 is the best cd player I have ever had,I really don't know how much better the Ayre or the Meridian would sound.
What I have read on the internet/forum leads me to believe that they will be sufficiently better to warrant the extra effort and money spent.
For the moment I am contented..detail,dynamics,depth,accuracy,refined sound..it's all there in my present set up.
Sometimes I wish that the highs were more transcendent and airy.
But that is something I would have to hear before I know what I am yearning for.
In any case those highs would be determined by the entire system,the recordindgs and the room.A CDP is just one part of the equation.
I believe that it is the sonic qualities of the Vienna Acoustic's and the Bryston's which have a major influence on the final output.
The VA's are always refined,at ease and in control,no matter what the genre of music or the volume at which it is being played.
The Bryston's have everything I could ever want from an amp.A love affair that will hopefully last 'forever'.
Although currently the power amp has been shipped for what is hopefully a minor repair.
And I have been feeling desolate,deserted and depressed for a couple of days.
Why does something inevitably go wrong when everything is perfect? .:sad:

 

[Kittu]

Re: Mutual Funds

Kittu,

For beginners, the best way to invest is via mutual funds.

For example invest Rs.5,000/- or less a month, put only those monies which you do not require for next 5 years.

If you want to get into day trading or shares, then the advice given is right, stay away, in-fact do not even think about it, even in dreams.

V.

Vinay,

Thank you for the advice. Would it be ok to open a thread with the approval from MODS regarding " Mutual Funds /Investments " in general lounge section (non av related) to discuss more on this and not hijack this thread ....




Thanks,
Kittu

 

[suri]

Re: Mutual Funds

. Would it be ok to open a thread with the approval from MODS regarding " Mutual Funds /Investments " in general lounge section (non av related) to discuss more on this and not hijack this thread ...

Hi kitttu1977,

Here is a way to escape the attention of MODS while posting your thread

- the title of your thread should be-

"DISCUSSION RE THE VIDEO CONTENT OF NDTV PROFIT"

Please include a raging debate about why vacuous (good looking) women presume to give advice - or even read comments? - when their heads are as empty as a drum (norah jones)

 

[grubyhalo]

Re: Mutual Funds

Vinay,

Thank you for the advice. Would it be ok to open a thread with the approval from MODS regarding " Mutual Funds /Investments " in general lounge section (non av related) to discuss more on this and not hijack this thread ....




Thanks,
Kittu

That would be a nice idea, provided ofcourse the proceeds are purely for investment on a hifi/HT system, perhaps? Seriously, I think it's a good idea...

 

[santhosh]

Re: Mutual Funds

Gruby, new thread on Mutual Funds etc opened here: http://www.hifivision.com/general-lounge/14797-mutual-funds-investment.html

 

[ajay124]

Re: Mutual Funds

That would be a nice idea, provided ofcourse the proceeds are purely for investment on a hifi/HT system, perhaps? Seriously, I think it's a good idea...

I second that.
Any profit made from mutual fund advise gathered from the forum should only be used for buying HiFi.
And since R-I-S-K is present in every form of investment,any loss which occurs should be made up by tightening your belt on expenditures other than HiFi

 

[grubyhalo]

Re: Mutual Funds

I second that.
Any profit made from mutual fund advise gathered from the forum should only be used for buying HiFi.
And since R-I-S-K is present in every form of investment,any loss which occurs should be made up by tightening your belt on expenditures other than HiFi

Sounds reasonable. In fact, this is what my wife and I have decided to do! Yeah, I got lucky that way...

 

[Dr.Bass]

My search for the CDP to be bought 'sometime' in the future has narrowed down from 4 CDP's to 2 CDP's!
Ayre CX 7e
Meridian Go 6.2
Ayre Acoustics CX-7e
G06.2 24-bit Compact Disc Player Meridian

Ajay, it is interesting to see that you have narrowed down to a list of 2 CDPs. I hope you plan to listen to them before deciding any further. Do let us know how it goes. I havent heard any of these CDPs myself.

In any case those highs would be determined by the entire system,the recordindgs and the room.A CDP is just one part of the equation.
I believe that it is the sonic qualities of the Vienna Acoustic's and the Bryston's which have a major influence on the final output.

Yes and No.
Yes, it is the complete system which decides the quality of the frequency extension.

But when it comes to deciding the final output things are not as simple as you have mentioned IMO. Agreed that speakers have the highest impact on the final sound, simply because they distort the sound most. But when it comes to electronics I have a different take. Amplifier can/should only amplify. They cannot and should not MAKE music. As long as they dont add or subtract much and are able to provide watts required by the speaker, the job is done, in fact it is fantastic if an amp can do only that much.

Then comes the source. IMHO music is "made" at the source in an audio setup. It is the manufacturing unit. Even though we might argue that a CDP is supposed to just read the data from the disc and pass it on, unfortunately in the digital domain we dont have data directly in "music" format. It needs processing to bring it to a musically recognizable format (something that our speakers can interpret). This is the manufacturing process I was referring to.
The end result can be poles apart. That is the reason digital playback is always considered different from analog playback. I have always felt that it is the CDP that decides how the music is weaved into that one sonic cloth which represents the performance initially intended by the musicians. This cloth can have entirely different color palettes, print, size and texture based on which CDP is weaving it. I dont think any other component in the chain has this capability or responsibility of "creating" music. Everything else in the chain is there only to pass it on to the listener. Hence to me source is the most important component in electronic chain. It is the MOTHER.

For the moment I am contented..detail,dynamics,depth,accuracy,refined sound..it's all there in my present set up.
Sometimes I wish that the highs were more transcendent and airy.

Do you think there is any CDP in this world which will keep everything else as it is in your current Arcam player and just add better highs ? Impossible ! One might get better highs from another CDP but it will also be accompanied by a lot of other changes in many other ways the CDP presents music. One must be ready for it. That is the reason good CDPs can be very tricky to find. You are lucky to have started out with one of the better CDPs (musically satisfying) in the market. Be extremely careful while upgrading from this player. Just my 0.02.

 

[ajay124]

@Dr.Bass
Lot's of things to chew over in your post.
"it is interesting to see that you have narrowed down to a list of 2 CDPs."
From the original 4,the Ayon lost out because I want a brushed aluminium finish to go with the Bryston's and Ayon is black only.
The Bryston BCD 1 would be an obvious choice,but what I have read and heard suggest that it would not be a major improvement over the Arcam.
"You are lucky to have started with one of the better CD Players."
I would give 50% of the credit to luck.Finding the CD192 at a decent price was luck.
Rejecting many options,including the more expensive FMJ series was a matter of research and choice.
Yes,the Arcam CD192 is an excellent CDP.I will only part with it when a lightly used Ayre/Meridian becomes available
in the 70-75K range,and I am able to find a buyer for the Arcam in the 40-45K range.
I am in no hurry and will only act when both price points are satisfied.
I believe CDP prices will crash in the next 2-5 years as the number of people buying CD's is declining day by day.
CDP's like TT's will survive as a niche market.Many current generation CDP's will become much more affordable.
"I hope you plan to listen to them before deciding any further."
Hopefully yes.But I am confident that even without an audition I will be able to make the right decision.
All the stuff I have at the moment is without an audition.Sooner or later I'll upgrade the CDP
''with a little help from my friends'',Grattan,Arup,Dr.Bass,Suri,Dinyaar,Manav,Prem,Shanti....
"Music is made at the source"
You may be right.I wish we could get together with a few more forum members and one by one replace the Arcam
with Ayre,Meridian,Ayon,Accuphase,Esoteric...in my system to 'hear' how the MOTHER relates to her children
"Do you think there is any CDP in this world which will keep everything else as it is in your current Arcam player and just add better highs? "
No I don't think so.Which is why I posted "But that is something I would have to hear before I know what I am yearning for."
I know what I am missing in the highs may be something which is actually missing from the topology of the Vienna Acoustic's.
But then no speaker can ever be complete.Every HiFi equipment is ultimately a compromise!
Because Nirvana is something you can dream of but never achieve.It would not be Nirvana if it could be achieved....

 

[Dr.Bass]

Here is an interesting discussion going on in Audiogon:

AudiogoN Forums: When is digital going to get the soul of music?

 

[ajay124]

When is digital going to get the soul of music?
(My personal take,which I would like to share.Please do not misconstrue it as passing judgement on the views/tastes of anybody else.There are hundreds of boats on the river of music.Mine is just one of them.)

I have heard neither HiFi Vinyl nor any Tube Amp barring Lyrita.The Lyrita sound certainly had something 'pure'.I would say it had 'soul'.I would love to audition good Vinyl and Tube rigs.
But my personal view is that when we use words like 'soul',we have different interpretations in mind.Quite often audiophiles use words simply because other folks on forums or the 'pandits' in Stereophile and other HiFi sites are using them.I believe it is not neccessary to use high sounding words in order to appear to be a connoisseur or someone in the know.What we post should come from the heart and should be within the realms of what we have actually learnt,rather than what we are posing to have learnt.
'Soul' for me is about the music I listen to,not the equipment.For me only classical music has soul.Jazz,maybe a little bit,if it is from the period 1925-1965.Rock and most other genres-mostly dead and without a soul.No HiFi rig can bring them back to life.Phil Ochs is the 'sole/soul' exception for me.Sometimes I feel that I like his music better than anything I have ever heard.
Hindustani Classical is on par with Western Classical.But it is not my cup of tea.Having been 'moulded' by a convent school and western books,music and films I prefer classical music from Europe.The 'ARTS' we imbibe have a powerful influence on our imagination.'Soft Power' as Shashi Tharoor recently said,in a speech link posted in the General Lounge.
At the moment I have around 150 + CD's of Jazz,Rock and Soul.I still listen to them,sometimes with great pleasure,but always with the conviction,that I'm losing precious hours which could have gone into listening to Bach,Beethoven,Mozart and the rest of the composers.My present collection of around 300 western classical CD's is about 75% complete.I intend to locate and buy another 100 CD's by composers that I don't have at the moment.That would be the end of buying CD's.I don't believe there is any music after this music or before this music.These 400 CD's are what I will be listening to,for the rest of my life.After 35 years of a nomadic musical journey,this is where I will be pitching my tent and settling down.
I am completely satisfied with the Solid State set up I have.Together with my CD's,it is like a small piece of 'heaven'.
(At the moment the Bryston power amp is in the 'sick bay' and is being 'looked after'.Have no idea when I will get my piece of 'heaven' back....

 

[malvai]

@Ajay: What happened to the Bryston?

 

[arj]

Then comes the source. IMHO music is "made" at the source in an audio setup. It is the manufacturing unit. Even though we might argue that a CDP is supposed to just read the data from the disc and pass it on, unfortunately in the digital domain we dont have data directly in "music" format. It needs processing to bring it to a musically recognizable format (something that our speakers can interpret). This is the manufacturing process I was referring to.
The end result can be poles apart. That is the reason digital playback is always considered different from analog playback. I have always felt that it is the CDP that decides how the music is weaved into that one sonic cloth which represents the performance initially intended by the musicians. This cloth can have entirely different color palettes, print, size and texture based on which CDP is weaving it. I dont think any other component in the chain has this capability or responsibility of "creating" music. Everything else in the chain is there only to pass it on to the listener. Hence to me source is the most important component in electronic chain. It is the MOTHER.

Very Very Well put :clapping: Personally too have been learning the importance of the source and how even the smallest of aspects from isolation to power can also enhance the potential of the source. and when the source gets better..everything just follows !

ajay124, are you really sure about the Colour (Physical) of the CDP being so important ?

If not I would propose to add the Naim to your already illustrious group. this perhaps gets to the soul of the music much better..although may not do all other aspects of the audiophile nature that well !