Okay this is funny and brutal truth which I wanted to share, here it goes...
I was talking to my brother and said - our AUM has grown big and we can do some big game in market.
He saw my face and asked me - do u know worth of Jets and aircraft of RIL?
I said- No, but why?
He said okay tell me do u know what is kotak securities cash reserve?
I said no, but why u asking these?
Then he said
RIL owns approx 600cr worth Jets.
Kotak sec has some 800cr+ cash reserve.
Ambani ji can short stock and ek plane crash karwa denge😅
Use hum bolenge game.
Kotak can spread some rumour via media houses and will make crores - that u can call game.
U r like that bird who has just came out of egg and who is trying hard to fly. Nothing wrong in that but this is stock market choose your words carefully
Actually we are scalpers who scalp less and make a lot of noise.
In short learning from his was - stay humble, respect others and stay polite. 10 20 30 40 50cr is not huge its just the beginning so don't get overconfident.
Adding more
India population is 140cr+
If u have 140cr - - think u collected just 1 rupee from every Indian.
So first collect at least 1 rupee from every citizen then.... 😐
Can't write after it 😂
just see the single order in #axisbank and imagine how big and deep this ocean is...
and game hum jaise trader karenge😂
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1) Never mess with trend 2) Never anticipate reversal unless u get a signals on higher time frame
and most important - In strong trend - never see RSI or divergence especially on upside - u will be butchered.
😎
thats how i used extension to derive bnf target...
either it has to be imp level or it has to be candlestick signal
lets say if i m in trade - i will find out imp resistance zone
and will keep riding trend by using any indicator or swing
like this was support for me as I was in Long trade.
chalo u missed early move and wanted to catch momentum -- check chart 2
above 61.8% momentum
now people say -- day trading kaise karein?
go check the retracement both day
Both day were easy to hit long
u needed to understand trend and where to exit.
both day have suggested long in #innercircle same. #bnf
let me post some 100 #fibbonaci number wonders on long term chart.
Post your chart too with #fibbonaci, make sure chart is clean.
this is number 1 in list #ibrealestate
in 2021 it was one of the hot stock - Infact I was also excited took entry at top despite I was seeing Golden ratio rejection.
what happened next is history.
the very same stock took eyeball again few months back -- people went gaga
even we went long -- but exited sharp at 61.8%
Most of young boys who came to me for Job are-
1)Not even Graduate 2) Think for stock market related Job - degree doesn't matter* 3) No communication skill 4) No Financial Backing 5) Highly motivated from social media. 6) Know how to plot Trendline on name of skill.
We are seriously rotting down our youth - One through excessive use of CC another by Encouraging a lot to Take Trading as profession( its not bad though but not easy though)
Majority of youth build their initial capital either by taking loan from family or from friends or bank
and start trading, majority of them are in Debt as they are highly motivated to Build cap big and hence take Insane leverage and fuck up...
this tweet might hurt some of my friends but if u want to bring change - better start putting more effort to educate(paid or unpaid ur choice)
Bring a Rating mechanism /feedback mechanism rather than day night trolling.
Focus on building product If you are visionary.
However I always say-- If you really want to show that u trade or have make money out of trading to put faith in people that yes trading me paise bante hai--
Login your account in front of people - show them everything...
be it loss or be it profit
PNL shd be a base to put faith
The purpose of Mtm Should not be to flex - I am Bigger than you but to put faith in non believer that yes money can be made through trading, at same time u should be able to explain proper logics and you should be on other interested in learning logic rather than praising for mtm