Mrigank Puri Profile picture
Sep 29, 2020 10 tweets 2 min read Read on X
The striking similarities between the human race & a ridiculously lucky trader.

(A long THREAD)

#savetheearth
The trader starts from a relatively humble background (Before starting to dominate the planet, the humans we just a bunch of weak, frail & insecure apes).

The markets (randomly) turn to a regime that massively favors the trader's trading system (The "Holocene")
The trader obviously gets spectacular success & is gulled into believing that he is some sort of "THE CHOSEN ONE" who cracked open the markets and turned them into an ATM machine for himself (The agricultural revolution and onset of mythical philosophies started putting us,
humans at the center of the universe. Also the start of isolation from the ecosystem & its exploitation in general)

As the trader keeps getting richer, still thanks to the particular market regime, he becomes absolutely ignorant of the underlying risks of financial markets
and becomes even more self absorbed, pompous & greedy. (The advent of modern societies and capitalism)

The market slowly shows (obvious) signs of an incoming shift in behavior, but the trader is
just too "big" to really care about it. He feels he "is" the market! He even deploying even more capital into his system. (Our current state. Crystal clear signs of an unavoidable planetary crisis. Our
strong affinity towards maintaining the so called "status quo", no matter what the costs. Our feeling of "what's the worst that could happen!" Or even worse is, "FU*K THIS! Time to party even harder!")
Now, I am no future teller, but I guess the direction of the drift is pretty obvious. What happens next to the trader is fairly predictable, right?
I sincerely urge you to wake-up. Or, at the very least, spare a couple of moments to really think about your life, the life of your children, your family & the generations to follow.
YOU SURELY WONT SAVE THE WORLD TODAY, BUT SEEDS OF INTENTIONS EVENTUALLY BECOME THE ROOTS OF CHANGE!

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More from @MrigankPuri

Jun 27, 2021
𝗘𝗢𝗗 𝗠𝗮𝗿𝗸𝗲𝘁 𝗿𝗲𝘃𝗶𝗲𝘄 27-Jun-21
𝗣𝗲𝗿𝘀𝗽𝗲𝗰𝘁𝗶𝘃𝗲: Bullish
𝗦𝘁𝗮𝗻𝗰𝗲: Cautiously aggressive
𝗪𝗮𝘁𝗰𝗵𝗹𝗶𝘀𝘁: rightlivelihoodtrading.com/watchlist/ (under updation)

(𝘈 𝘵𝘩𝘳𝘦𝘢𝘥...)
1/7 With the market (almost) at all time highs, things have played well to our expectation of a break out from the simple bull flag from last week's market action.
2/7 Like a series of last few days, this doesn't bring anything remarkably new to the table apart from the well established bullish context.
Read 8 tweets
Jun 26, 2021
Suffering with execution paralyses?

Here are some useful thoughts on maintaining consistency in our actions as traders. 👇

(A thread)
First of all, that's a great question & as usual, it doesn't have a simple "do this --> then that" answer.
The question touches upon some critical areas under risk management & trader psychology & I'll attempt to include multiple components in my answer which might appeal to traders at different developmental stages.
Read 28 tweets
Jun 24, 2021
𝗘𝗢𝗗 𝗠𝗮𝗿𝗸𝗲𝘁 𝗿𝗲𝘃𝗶𝗲𝘄 24-Jun-21
𝗣𝗲𝗿𝘀𝗽𝗲𝗰𝘁𝗶𝘃𝗲: Bullish
𝗦𝘁𝗮𝗻𝗰𝗲: Aggressive
𝗪𝗮𝘁𝗰𝗵𝗹𝗶𝘀𝘁: rightlivelihoodtrading.com/watchlist/

(𝘈 𝘵𝘩𝘳𝘦𝘢𝘥...) Image
1/7 The market spent another day in pretty much the same territory. This is most likely a constructive & healthy sign for the bulls as we are holding just under all time highs & have been relatively stable without any particular price rejection.
2/7 As we've emphasized numerous times in the past, not every market movement has a story & there are times where it brings no new information.
Read 8 tweets
Jan 10, 2021
Markets & Emotions

(A thread)
#RltBlogThreads
1/21 Can you simply look at someone & intuitively tell if they are absolutely furious, superlatively happy or deeply depressed? Well yeah, obviously (in most cases)!

Ever wondered how?
2/21 If we dumb it down to the very basics, here is how that happens.

We've been building deep neural connections right from the moment we were born by observing people around us.
Read 22 tweets
Dec 14, 2020
CHART & ART

(A thread)
#RltBlogThreads Image
1/51 At Stage 1 of your trading journey, a stage we call as “Learning to Trade“, one of the very first things you’ll get exposed to as a technical trader, are charts & honestly, a lot of them!
2/51 Don’t get too caught up with old-school stuff
Conventional technical analysis talks a lot about stuff like “Support”, “Resistance”, “Break out”, “Break down” etc.. So, chances are that you already at-least have a basic idea about these.
Read 52 tweets
Oct 26, 2020
- How does one get comfortable with "RANDOMNESS"?

(A THREAD)

Our lives, or rather, the whole cosmos around us is an "UNPREDICTABLE", inherently complex, self-evolving, fractal ecosystem; functioning on complex correlations & interactions between its different components.

(1/4)
Beginning to philosophize around this (a.k.a meta-physics) & gradually rising up to the level of "true acceptance of uncertainty" brings in a feeling of deep calm & is really liberating as it starts to free us from our habit of trying to "control" stuff.

(2/4)
This perspective is absolutely different from the common nihilistic, mis-guided cults, that basically say - "I don't give a shit, cz its all random & meaningless".

In fact, the perspective I am referring to, is the exact opposite of that.

(3/4)
Read 5 tweets

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