#Justdial - One person made 2.86 cr in just one day with #investment of just 1 lakh Image
Just Dial was trading with thin volumes, if anybody bought 666400 quantity, 476 lots, it would be reflected in open interest.
To keep the average price at 0.15 paise, there is a possibility that this person could have done that only on two days, 16th may and 23rd may, Image
where JUSTDIAL was trading at .10 paise as day low. But on both these days, total contracts traded, total open interest is much lesser than 666400 quantity.

So I believe this would have been some forward circulating in whatsapp without verifying the source.
seems its a virtual trading app from IIFL, here's another similar screenshot. Can't believe everything that we see on social media these days. Image

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Kirubakaran Rajendran

Kirubakaran Rajendran Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @kirubaakaran

Sep 26
Historically it has never happened in the past, so probability of such event happening in the future is very minimal. If you trade based on this approach, it could bring in catastrophic results. Here's a story of a hedge fund manager who lost millions because of such approach 🧵
There is a very famous American Hedge fund manager who made 30% annualised return for 20 years, One lac invested with this trader would have grown to almost 2 Crores in 20 year period. He is the famous legendary trader Victor Niederhoffer who failed to follow his own rules.
One day in all his investors received a mail which states that the fund has lost all the investors money & wiped out completely.
"We took risks. We were successful for a long time. This time we did not succeed, and I regret to say that all of us have suffered very large losses."
Read 21 tweets
Sep 23
When people talk about automated trading system, this is what comes to mind for most of the beginners who wanted to get into it. Many think it’s a plug n play system where you deposit the funds, link your account to the algo and it will trade for you n make money every month. 🧵 Image
No! It doesn’t work like that. Algo trading is not money making machine and it doesn’t remove emotions. Whether its Auto trading or manual trading, emotions will always be there when it comes to trading. We can’t ignore it.
This is the expectation most people have when they start with automated trading system. Where you wanted your capital to appreciate month on month, year on year with such linear returns. Image
Read 9 tweets
Aug 28
I once read this story on Reddit long back and wanted to share that, because I could completely relate this to trading. An Airbus 380 is on its way across the Atlantic. It flies consistently at 800 km/h at 35,000 feet when suddenly Fighter Jets appears. 🧵
The pilot of the fighter jet slows down, flies alongside the Airbus, and greets the pilot of the passenger plane by radio:

"Airbus, boring long flight, isn't it? Now, have a look here!"
He rolls his jet on its back, accelerates, breaks through the sound barrier, rises rapidly to a dizzying height, and then swoops down almost to sea level in a breathtaking dive. He loops back next to the Airbus and asks,

"Well, how was that?"
Read 22 tweets
Jul 29
I have shared multiple information related to trading and investing through my historical data analysis by writing various articles, here's the master thread that contains all my work in one place.🧵
Read 25 tweets
Jul 12
I have closely observed FinNifty for couple of weeks and then started trading live since last 4 expiry. If you are looking to start trading with FinNifty weekly option then this thread might be of great help to you. 🧵
Nifty Financial Services Index includes stocks from Banks, housing finance, NBFCs, Insurance and other financial services. But more than 60% of weightage goes to banking stocks whereas with Bank Nifty 100% of stocks belongs to banking category.
These are the top 10 stocks that decides the direction of FinNifty.
Read 14 tweets
Jul 12
Here's some lesser known facts about Youtube which we use every single day. Youtube has 2.5 billion active monthly users worldwide. India tops the list with 467 Mn users, followed by USA with 247 Mn users.
But in India, only 8 lacs users have Youtube premium subscription that is just 0.2% of total users in India whereas in USA more than 29.5 Mn users have Youtube premium subscriptions. Out of 50 Mn premiums users worldwide half of them are from USA. What does it say?
Western countries value time more than us. We are ready to watch cringe ads for 5 seconds every time we watch a video. We are not ready to pay mere Rs.150 per month for ads free access, that's just Rs.5 per day. Whereas in US, it costs $12 per month, still they are ready to pay.
Read 8 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(