Six months of putting stops: How I learned trading

By Seine Yumnam In the winter of 2013, I was offered an externship opportunity at Cheevers & Company, a small woman-owned brokerage firm at CBOE. I got it through one

By Seine Yumnam

In the winter of 2013, I was offered an externship opportunity at Cheevers & Company, a small woman-owned brokerage firm at CBOE. I got it through one of our Wabash alumni, John Castro. I walked into their office and John started describing the buy side and the sell side. I had no clue whatsoever what that meant. I had just finished my first semester of my freshman year and John did not know I had only taken Economics 101 and had no familiarity with the market. But the words `buy side` and the `sell side` sounded interesting. I asked John, `So the buy side buys stocks and the sell side sell stocks?` It was only then John understood where I was in terms of market knowledge.

One week into the externship, I was already writing buy and sell tickets for John for his institutional clients. He saw my confidence and eagerness to take on anything related to the market and he gave all he could. Every day when the market opened, one of the brokers would ring a bell and the conversation would start and orders would start coming in. The morning markets could be unpredictable, with high openings and low openings coming at random points of time. This random nature of the numbers that I heard every day in the office intrigued me. Why? Having brought up in a small state of India with repeated issues of cease-fire and insurgencies, uncertainty was a part of our life-style. Life was a random walk. We never knew when the next bomb would blow up, just like we never know when the market would drop 10% overnight. The only thing that was certain in our life was uncertainty. I am sure you hear this very often when referring to the market.

John and the other brokers in the office also taught me about technical analysis and fundamental analysis. Again, I had no clue what they were. All I knew was that technical analysis involves lines, graphs, and something called candles. I was told that traders who use technical analysis make their decision based on what they see. While fundamental analysis involved reading 60 pages of SEC filings and ultimately trying to analyze it. Because I have always enjoyed sketching and painting cartoons and sceneries (though I was an average in it), I was interested in trading based on what I saw. My visual senses are the most appealing ones to me, given my myopic eye condition.

I started reading some technical analysis books. Investopedia was the first online resources that I came across. I drilled it until there was nothing left to pump. I started looking at charts at Yahoo Finance and drawing imaginary trend lines, support, and resistance and said to myself `if I buy at this support area is and sell at this resistance areas, I would make 20% return. How easy!` Yes, I thought it was easy and we all know it is not.

After learning these technical analysis methods, I was pumped to trade real money. But being a poor college kid, I couldn`™t. The only choice left was to paper trade. So, I signed up at market watch to start paper trading and guess what, I did not care what I was doing. I was not applying any of the technical analysis techniques that I learned reading all those books. Then I said to myself, `maybe I need to participate in a competition so that I will at least have the urge to win. Ah! Then I will use the technical skills I have.`

I signed up for a Trading competition for college students. It`™s organized by Upgrade Capital. We were given 10K and were allowed to trade stocks, ETFs, and currencies. I was excited and prepared. The day before the competition began, I said down all night pre-determining what trades to put on. I looked up stocks that had falling wedge breakout to buy and rising wedge breakdown to short. The next day, I woke up without much sleep and immediately started putting the trade I planned to put.

A couple of days had passed and the stock that I bought kept falling and the stock I sold kept rising. I said to myself, `Wait a minute; I did exactly what the technical analysis textbooks told me to do. I am right. The market is wrong.` I kept finding reason to support my analysis and reject the reality. The next thing I did was to go to marketwatch.com, type the symbol in, and look for market sentiment based on tweets. They all had the same `sentiment` that I had. 160 tweets say I am right but the market is not acting right. Isn`™t this what most new traders think when it comes to buying and selling stocks? For me it was.

Having terribly failed in the competition, I text John in the summer of 2014 and told him `John, I want to learn how to actually trade. I have two more months left before the semester starts and after these two months I want to be able to trade profitably.` John, being a man who is always willing to help this hungry boy, connected me to a trader. His was Tim Fligg.

I went to Chicago after finishing up my two months long internship in Michigan and met Tim. He said we would meet two days in a week. The first time we met, he gave a list of books I should read. But the truth was that I have already read all the books he just told me to read and yet I did not know how to trade. I didn`™t tell this to him. I said I would read them and we finished the conversation for the day. The second time we met, he showed me his track record which he uploaded in his website every week and it completely blew my mind. He had double digits gain every single month and I said `if the books he gave me made him this good in trading, what is inherently wrong with me. Is a good trader born as a good trader?`

The weekend after we met for the second time, he said he had something big coming up and he wanted me to be a part of it. It was a competition called Battlefin 7.0, also known as the Hedge Fund Hunger game. The competition had three categories for different levels of fund managers and Tim had already won the first category. So, this time, he was going to compete in the second category.

He said I should be the risk manager for this competition. I said `of course` knowing nothing about what risk management is. We were to use the Interactive Brokers platform and he showed me how the platform works. He did not tell me why he was buying a stock or selling. The only thing he told me was this, `For this trade, I am risking 3% of my account. The current price is at 98 and my stop is at 85.`

For three months before the competition began, he gave me training on how to put the stops in his own account. He was generous and trusted me in doing so and I was not the person to let him down. I was active and disciplined in doing what he told me to do. Every other day he would send me an excel file with all the stops for each position he had in his portfolio and I would just copy it and paste it. I knew that this was the price level he would sell the stock or buy back the shorted stock at if the market turns against him.

I did this same thing again and again before and during the competition for six months. We were doing very well with the portfolio. By using the stops, we were able to get out of the stocks that failed to meet our expectation without building up too much loss. By continuously trailing the stop we were able to protect our profits on the stocks that met our expectation (long or short).

It took me six months to realize the fact that technical analysis is not a money making machine. It is a method to put the odds in our favour. If we have 70% of winning, we still have 30% of losing in the game. The only way to bet on these odds was to take the calculated risk which is done by putting the stop. The risk is the cost we would pay if we lose the game.

I have started to make my own trading decisions using my family friend`™s account. The first thing that comes to my mind when I get a buy signal from a stock or an ETF is `where is the STOP LOSS.` The exit price level is more important to me than the entry price level. Because the money I am trading is not my own, I limit the risk to 1% of the portfolio on any given position. If the stop is way below my entry price, I will probably ignore the trade. I could put on the trade with smaller position size but it won`™t be worth it. If a position size of only 10 or 20 shares meet my risk limit, then I would definitely ignore the trade. I want at least 50 shares in each position.

`Where do I exit if I am wrong?` is the first question I ask before I put on any trade. Thanks to Tim Fligg for the training he provided to me. I am not sure if he intended to teach me this concept but I have learned it. Six months of just putting stop loss has burned this concept into my brain.

`Nurture trumps nature.` If you are a fan of Michael Covel, you will know where I got this quote from.

Read more / Original news source: http://kanglaonline.com/2015/03/six-months-of-putting-stops-how-i-learned-trading/

Mind Matters

By Paonam Thoibi “It is believed that people who are suicidal want the pain to end but not their life itself” Q 1. Madam, I recently saw a legal counseling

By Paonam Thoibi

“It is believed that people who are suicidal want the pain to end but not their life itself”
Q 1. Madam, I recently saw a legal counseling programme on the local cable TV. The host of the programme who is also a lawyer was taking interview of a rape victim family. He himself declared that the identity and address of the victim will not be disclosed. But in the same programme he took interviews of the victim’s mother, victim’s sis-in-law and lastly the of the victim with her face morphed. He repeatedly mentioned that the victim is ‘maraibakthirabi’ and asked so many questions repeatedly. He was not only making mockery of the programme but he was actually re-victimising the victim. Just sharing some thoughts through your column.
-A Menaka, Khagempali.

Ans: Dear Menaka, I understand the anguish you have expressed and can understand the futility of the situation which the survivor of the unfortunate incident and the family members must have gone through. But before we jump into any conclusions its better if we can know the very purpose of the programme that you mentioned. It may be also possible that the survivor’s consent is taken and she is well aware of the whole programme beforehand.
But whatever the objective of the programme you are still right in bringing up the phenomena of‘re-victimisation’ or traumatisation of a person who had already undergone a horrific event. Many a times, no matter how well intentioned helpers may be some of our ways go wrong and this is just one instance. It may well point to lack of professional ethics and sensibility. This will do more harm than good as it had originally intended.
However, I would be limited in my comments and suggestion and encourage you to address your concern through this paper in the letter to the editor or directly to the legal counseling firm.
I appreciate your sincere thoughts.

Q: Dear Madam, even though I don’t know the correct numbers and figures, I think the rate of suicide is ever increasing. We do not really have suicide hotlines or suicide first aid centres. I want to know how having a hotline service or suicide counseling centres would help in this menace. Kindly share us some of the causes of people committing suicide so that we may be aware of it may prevent it in our best possible way.
-Student, K.V Langjing
Ans: Your question is a very thoughtful one and revolves around an issue which challenges all of us mental health professionals. Suicide as we all know is a self-inflicted death in which one makes an intentional, direct, and conscious effort to end one’s life. People commit or attempts suicide for many reasons, most of which no one knows. Mostly these are people in crisis –that is, under great stress, unable to cope, feeling threatened or hurt, and interpreting their situations as unchangeable.
Also, families of people who die by suicide report that they have some kind of psychiatric disorder, most commonly depression or bipolar disorder. The other major risk factors include substance use and abuse. A previous suicide attempt is another major risk factor and a number of people who successfully commits suicide have made a previous attempt. The loss of meaningful relationships and issues related to sexual identity or sexual orientation can also be reasons which can get people trapped in the depression which can lead to suicides. It is said that people who are suicidal somehow are telling people and reaching out in a way they that they are looking for some relief. Most of the time before the attempt they are said to be telling their close friends how they want to end their life and even how they have planned it. Therefore it is believed that people who are suicidal want the pain to end but not their life itself. It is on this logic that suicide centres and hotlines for suicide prevention are enforced. Mental health professionals can try to help people work through that intense psychological pain and find a way through it. The centers can try to help suicidal people perceive things more accurately, make better decisions, act more constructively, and overcome their crisis. Once a person with suicide risk is identified, intervention can start at the centre by a visit or quickly through a phone call which can skillfully be developed into a proper psychotherapeutic meeting very soon. The mental health professionals can take the opportunity to gather more information about actual risk, such as determining whether the client has an actual plan and the means to carry out the plan. The professional can challenge the irrational belief if the client’s life will be better if he/she commits the suicide. Also, crises can occur at any time, therefore the centers should ideally have a 24-hour-a-day telephone service (“hot lines”) and also welcome clients to walk in without prior appointments.
Also we should be aware that after a suicide attempt, the victims’ primary need is medical care. Some are left with severe injuries, brain damage, or other medical problems. Once the physical damage is reversed, or at least stabilized, a process of psychotherapy may begin. The goal of therapy is to help the client achieve a non-suicidal state of mind and develop more constructive ways of handling stress and solving problems.
All said and done, a good communication system in the family and the environment which has a foundation in good education and proper social and moral support can prevent many suicide deaths.

Readers are requested to send in their queries at mindmifp@gmail.com

Read more / Original news source: http://kanglaonline.com/2014/09/mind-matters-10/

Mind Matters

By Paonam Thoibi Q1: Dear counselor, are counseling sessions different from psychiatric sessions? When does one need professional Counseling? Often we read or see movie scenes where the therapist makes

By Paonam Thoibi
Q1: Dear counselor, are counseling sessions different from psychiatric sessions? When does one need professional Counseling? Often we read or see movie scenes where the therapist makes a person lie down on a couch. Is this integral to such sessions and is this practiced everywhere? Name and add withheld

Ans: Both psychological counseling and psychiatric sessions are various terms used to imply the psychological therapies or treatments provided to people who are seeking support and treatment for a wide range of mental health and emotional issues. Both are provided by a well-trained Psychologist or a Psychiatrist who underwent certain training, practice, ethics and earned a lot of experience. Simply put, a counseling session may look like someone confidentially talking to a well-trained person who is not a friend or family member; on how to tackle crises while psychotherapy tends to focus on a long-term and deeply embedded psychological conditions and problems.

Many people come across phases in their life when they need professional emotional support and provide suggestions to help them in decision making and problem solving. People with psychological conditions often show different signs and symptoms which makes the immediate family members or friends aware that they will need professional help.

In adults, the signs may be excessive sadness or irritability, aloofness, altered sleep and eating pattern, unexplained physical ailments, suicidal thoughts, deterioration of hygiene, substance use etc.

Children and pre-adolescents often presented with persistent disobedience, temper tantrums, hyperactivity and inattention, decline in academic or athletic performance, emotional outbursts, over consciousness of body weight, poor appetite etc.

And coming to the last part of your question; the use of a couch is traditionally a Psychoanalyst’s technique for Psychoanalysis. Therefore, a Psychoanalyst, who follows Freud’s theory of Psychoanalysis, would definitely make it a point to use a couch in their therapy sessions. Psychoanalyst have often noted that in lying down, peoples’ perspective changes. Clients become aware of their feelings and thoughts more. Also, an environment as such makes free association about the unconscious mental processes made possible which is the most integral part of Psychoanalysis.

Q2. Dear Madam, we often heard that people will suffer long term psychiatric illness if they met with trauma. Is it true? What is the best way to avoid it? – Ramesh, Checkon
Ans: Dear Ramesh, any traumatic event like experiences of rape, torture, military combat, earthquake, a disastrous fire, and the collapse of a large building etc can cause severe trauma.)

A cluster of psychological symptoms can follow a psychologically distressing event and this is called Posttraumatic stress disorder (PTSD).

For a person who has been exposed to an intensely traumatic event to be diagnosed with PTSD, certain criteria are to be met. They include re-experiencing of the traumatic event in the form of recurrent and intrusive distressing recollections, dreams, reliving the experience, illusions, hallucinations, persistent avoidance of any reminders of the event, inability to recall an important aspect of the trauma numbing of general responsiveness, difficulty falling asleep, emotional lability and increased arousal or hyper-vigilance etc.

To warrant a diagnosis of PTSD, a person must experience these symptoms for at least one month.

Whenever a person comes across a crisis situation, a prompt and proper crisis intervention by skilled professionals is vital to reduce the risk of a person developing PTSD.

Psychotherapies like Testimonial therapy, Cognitive-behavioral therapy and exposure treatments along with medications seem to be helpful to PTSD clients.

Q3. Is hypnosis used for counseling sessions? If so, when is it used and how effective is it? Some literatures have mentioned instances where people under hypnosis have experienced past life experiences. Is this possible? Th Opendra, Kongba

Ans: Dear Opendra, the Hypnosis technique used in Psychotherapy/Counseling is called Clinical hypnosis where a person receives hypnotherapy induced by qualified Hypnotherapist, with the aim of changing his/her dysfunctional behavior, emotional content and attitudes. It is used for the effective management of pain, anxiety symptoms, and depression, phobia and sleep disorders. Yes, people have reportedly heard about instances where past life experiences are relived under hypnosis. The practice is called “Past life regression” and is typically undertaken either in pursuit of a spiritual experience, or in a psychotherapeutic setting. It is still a hugely debated topic and many research found that contents of the memories reported from the past lives are based on the client’s belief in reincarnation and suggestions by the hypnotist.

Read more / Original news source: http://kanglaonline.com/2014/09/mind-matters-9/

Money And It’s Value Among the Young Adults: Manipur picture

Seine Yumnam It is almost embedded in our culture to believe that young-adults of age below 21-22 should be kept uninformed of the financial challenges of a family. They are

Seine Yumnam

It is almost embedded in our culture to believe that young-adults of age below 21-22 should be kept uninformed of the financial challenges of a family. They are unaware about the debt accumulated by their parents for their own education and expenses. Until they reach the age of 23 or 24 and start handling personal expenses by themselves, they do not understand the value of money.

It is not surprising to see a lot of young-adults demanding bikes and cars without earning a penny for themselves. Such keep-children-away-from-financial-matters culture installs a behaviour to the children to spend frivolously – extensive shopping, thoughtless consumption of unnecessary snacks and cookies, and what not; it is only the parents who bear the pain of having their money spent unwisely. Even worst, debt may get heavier if such behaviour remains unchanged for years. We definitely see this happening in Manipur. Even when the children grow up and reach the age of 23-24, they are incapable of managing their money wisely and effectively. The reason is that the lesson to spend responsibly cannot be taught in a day, or two, or in a month. It is a lifelong lesson. The earlier we start, the better off we are. But clearly, this is not happening.

We need to change this culture. Parents need to teach personal finance lessons to their children and they need to keep their children informed about the financial status of the family. If they continue to keep their children uninformed about such issues, they are only teaching their children to be ignorant.

However, at most times, culture is hard to change. Culture is something that we have practised for years over and over again. Let’s say parents continue to teach their children to be ignorant. What can the teenagers do to teach themselves a lesson that will serve them for the rest of their life?

I will answer this question with an example. In the U.S.A., the first lesson a child learns is to be independent; most importantly to be financially independent. This does not mean the American parents do not care about their children as much as Meitei parents do; in fact the parents-children relationship is more open in the U.S.A than what wehavein Manipur. The difference is that American parents are little more critical when it comes to giving money to their children. What is the point of just giving money when there is no lesson taught?

I have a friend who is 19 years old. She is the State Chair/Representative of an International NGO. Since her childhood, her parents have been consistently teaching the meaning of money, the nature of wise spending, and the hard work involved in earning a penny. Now, at the age of 19, she pays her own college fees, buys her own car, phone, and clothes by her own hard-earned money, and plans to own a house sooner than later. How does she do that? For her, every minute counts, and hence every break from school. During school breaks, she works for restaurants, retails, library, or companies to get some quick bucks and save up. During the school time, she does similar kind of jobs but mostly on weekends, and sometimes even during weekdays for an hour or two daily. Besides her job through which she earns for herself, she is still able to keep her academic performance uptight.

What is her secret? I know her pretty well, and she is neither a gifted genius nor a cyborg. Anyone will be able to do exactly what she is doing if one has the skill of time management. A lot of young-adults in Manipur spends hours with friends drinking, doing drugs, riding bikes, and the list of unproductive involvements goes on. Then they complain for not having enough time to study and also do household works. Friends are important, but spending 6-7 hours every weekend just doing unproductive thingswill not take anyone anywhere. By the end of the day, we, as an individual, decide who we are and who we become.

Let’s do the math and see what happens when we divert those unproductive hours into something productive – earning some money. During the weekdays, school hours are long and tiring, so it’s hard to do extra work. But on weekends, I am pretty sure we can at least commit five hours on Saturdays and Sundays on a job – maybe at the Classic hotel, or mobile retails, or at an ngari shop in the market. Let’s say you earn Rs.10 per hour, you would earn Rs.100 on one weekend, Rs.400 in one month, and Rs.4800 in a year!

It’s not just the money that you can earn which is valuable, once you start spending the money that you earned for yourself, you will start to understand the game of wise spending or at least try to understand – you will learn how to actresponsibly while dealing with money. Why do we have to wait until we finish our college degree and get a job to learn how to earn, spend, and save? Don’t we all want to retire with enough money to pay for medicals, food, and other expenses? If yes, then start earning and saving as early as possible. It is true that money isn’t everything, but it is also true that it isn’t nothing. Love does not buy food, car, clothes, and house. I work part-time on the campus at my college (Wabash College, Indiana, USA) and I earn Rs.45,000 every month. This helps me support my expenses and fees (though I am not completely financially independent), and my existence seems little more meaningful that it was before, trust me.

Young-adults in Manipur need to realize that bikes aren’t assets but liabilities. How much of your parents’ money are wasted in maintaining your bike and buyingfuel? If you are really that lazy and not willing to work on a part-time job, then stop eating up your parents’ money. Besides that, Manipur isn’t a place where we don’t have sufficient public transports to rely on. We do have.

We should not be a victim of a culture-caused illiteracy. Age should no longer determine how much we know. If we can learn it now, why wait for another 10 years? If we can earn now and save up, why wait for a college degree? It’s never too early to learn a lifetime lesson, but it can be too late.

Read more / Original news source: http://kanglaonline.com/2014/09/money-and-its-value-among-the-young-adults-manipur-picture/

Mind Matters

By Paonam Thoibi Q: Dear Thoibi, I have always liked the helping profession and also have some few friends in social organisations who are working as counselors. When I still

By Paonam Thoibi

Q: Dear Thoibi, I have always liked the helping profession and also have some few friends in social organisations who are working as counselors. When I still appreciate what counselors do; I wonder how counselors take care of themselves. I cannot imagine that someone who listens to sad tales and problems everyday can ever be healthy themselves. Are there times when the work consumes them and harms them? Can you share how counseling professionals can keep their work stress away? Maybe I can also share it with my friends.- Astha, Delhi

Ans: Dear Astha, thank you for the words of appreciation and concern for the helping professionals.

You are very right and this is an issue I face once a while too. Counselors and other Mental Health Professionals are human beings first and are vulnerable to mental stress and tensions too. We are people with our own personality trait which favour our work or hampers the very purpose and objective of our work.

Many of us work for long unusual hours with large caseloads- with a high amount of trauma which leads us to become unhealthy in mind, body and spirit even impacting the quality of care provided to clients. A lot is expected from the counselors and mental health professionals; like providing tremendous amount of empathy to our clients, giving a sure shot solution to problems, always available in times of need, etc. Often counselors hear to very tragic and emotionally difficult stories on an everyday basis which even depletes off our own wellness. Although most counselors are familiar with self-care, as they suggest means and ways to their clients, many find it a challenge to put the concept into practice in their own lives.

Many Counselors and Mental Health Workers experiences burnout which is a slow degradation of their ability to empathise with clients over time. It can result as work-related stress increases and can result in feelings of hopelessness and helplessness. Secondary trauma or stress can also affect counselors when they get so much absorbed in a client’s traumatic accounts and narratives. Another very common experience is the compassion fatigue which often results from their helplessness to a client’s suffering. Counselors can experience anxiety, depression symptoms and emotional withdrawal when they undergo such mental stress. Their objectivity can become clouded and may deny clients’ complaints, misdiagnose and become increasingly less attuned and empathetic.

Also a counselor suffering from his/her own emotional distress may find it difficult to handle a client’s complaints and can compromise client care or poses the potential for harm to the client, reflecting a negative professional functioning.

Most of the stress a counselor faces is typically created by the nature of the work and workplace. As a result, a change in work environment can dramatically improve one’s experience of burnout and other difficulties.

It is important for counselors and mental health workers to understand that there are risk factors inherent in the work and that noticing signs of stress or distress is a sign of health and not incompetency or impairment on their part. It is advisable to work out on their issues first before they are well equipped to help the others. Only when counselors can view their emotional responses to their work as an expected part of empathic engagement rather than something they are doing wrong, they are more likely to seek support, talk about stress with colleagues and engage in self-care practices to support their overall wellness. A self-check up by paying attention to the physical and mental symptoms of stress is important. Actions to reduce those symptoms instead of ignoring them and simply hoping the situation will fix itself are recommended. For myself, I always reach out to the bunch of people in similar professions, seek support and share my load of over accumulating stress and workloads, discuss cases and e
ven ventilate. Even if we don’t have a formal supervision, it really helps to seek help from other professionals with more experience or peer groups. I also try to talk about it with my near ones who understand the nature of work I do.

Professionalism, which includes setting work boundaries, helps in the long run. Being very clear with the consultation charges, working days and hours, appointments and session’s timings is a must. Also if the workplace demands that one works with many professionals from different background and expertise, being very clear about the assigned tasks and nature of work is very important. Work colleagues’ different style of working or inefficiency can also lead to stress as one puts much pressure on another who will be able to accomplish a task.

The basic rule of the thumb strategies to nurture the self during the day, including nourishing with enough water, good nutrition, relaxation and exercise always works the best. A vacation breaks or holidays are must haves.

With all these in mind, if the motivation level suffers a setback, previous successful accounts, thank-you notes from clients and the fact that some lives have been touched by being a counselor will remind one over and again that they have chosen a great career which makes a lot of difference to peoples’ lives.

Readers are requested to send in their queries at mindmifp@gmail.com

Read more / Original news source: http://kanglaonline.com/2014/08/mind-matters-8/

52 Various Post to be recruited by Manipur PSC

Manipur Public Service Commission has notified for recruitment at various posts. The candidates eligible for the post may apply through prescribed format before August 25, 2014. Vacancies: 52 Manipur Education

Manipur Public Service Commission has notified for recruitment at various posts. The candidates eligible for the post may apply through prescribed format before August 25, 2014.

mpsc

Photo Credit: Results.in

Vacancies: 52
Manipur Education Service Grade- III: 41
Inspector of Taxes: 8
Deputy Director (TRI): 1
Under Secretary (Law): 1
Assistant Draftsman (Law): 1

Pay Scale
Rs.9300-34800/- + GP Rs.4300/- for Manipur Education Service Grade- III.
Rs.9300-34800/- + GP Rs.4200/- for Inspector of Taxes.
Rs.9300-34800/- + GP Rs.5400/- for Deputy Director (TRI), Under Secretary (Law) and Assistant Draftsman (Law).

Eligibility Criteria

Educational Qualification
Manipur Education Service Grade- III: Candidates should have a Master’s degree with B.Ed.
Inspector of Taxes: Candidates should be at least a graduate with minimum 55 per cent marks & have done a certificate course in basic Computer Application.
Deputy Director (TRI): Candidates should have a master degree in Sociology/History/Political Science/Anthropology/Geography.
Under Secretary (Law): Candidates should have a bachelor or master degree in Law or equivalent.
Assistant Draftsman (Law): candidates should have a degree in Law or equivalent and adequate proficiency in English and Manipuri.

Age Limit
Candidates should belong to the age group of 21 years to 38 years as on July 01, 2014 for Manipur Education Service Grade- III.
Age limit of the candidates should not exceed 38 years as on July 01, 2014 for remaining posts.

Selection Process

Eligible candidates will have to go through a  written examination and the short listed candidates will be called for an Interview. before final selection.

Application Form
The prescribed application form can be obtained from the counter of MPSC office at Imphal during office hours w.e.f. 25-July, 2014.

How to Apply
Application Form, duly complete in all respect along with attested copies of all required Certificates / Documents and mentioned as “Application for the Post of ________” on the envelope in which the form would be sent should be submitted to the Manipur Public Service Commission, North AOC/ D.M. Road, Imphal-795001 Manipur/ India
Candidates should mention “Application for the Post of ________” on the envelope in which the form would be sent.

Application fee

General/OBC category applicants have to pay Rs.200/- and SC/ST category candidates have to pay Rs.50/- as application fees in cash payable to Secretary, Manipur Public Service Commission, Imphal.
Physically Handicapped candidates are exempted from examination fee.

Important Dates

Opening Date of Application Forms: July 25, 2014
Closing Date of Application Forms: August 25, 2014

Source: MPSC, Manipur

Read more / Original news source: http://kanglaonline.com/2014/07/52-various-post-to-be-recruited-by-manipur-psc/