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Shravan Venkataraman 🎡 Profile picture
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25 Oct, 6 tweets, 2 min read
Last i checked, this strategy had the comments in the screenshot. Currently, I can only see the comment from the Tradetron founder.

Did the comments get deleted? Or did the original commenter delete the comments? Not sure.

But anything with respect to Tradetron, be cautious.
While I am all excited for legitimate algo-trading platforms which will aid retail trader in execution, the rampant allowance of anyone to create a strategy and manage people's money is dangerous.
While 99% of the SEBI registered or certified people aren't really any good, that's at least a good place to start to weed out the scammers and those without a skin in the game.
Finally, tradetron and few other algo trading platforms in India are really in their nascent stages. Right now the paying users are like beta testers only. They should be getting paid for taking risk with their money, not the other way around.
The rampant execution issues combined with several other complaints on all the platforms are just at surface level to begin with. If you're a retail trader, just don't join these platforms until they mature to an acceptable level of reliability, up-time, and on-point execution.
Until then, you're better off putting few thousand rupees every year into a pit near your home's backyard. Either go full automation by coding the automation directly, or execute it yourself manually. Don't join the algo-execution platforms until they are consistent & reliable.

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Shravan Venkataraman 🎡 Profile picture
27 Oct
Interpretation of Financial Statements - preliminary filters.

1. Looking for sustainable competitive advantage:

When looking for sustainable moat, you wanna see consistency - in earnings, in having low debt, in having growing earnings, low spending in capital expenditures, etc.
The longer the company has existed, and if it sells you the same product for years (like Coca Cola), it reduces production costs and other costs (R&D, Training, marketing) slowly as the company ages.

When costs are reduced, margins and profits increase.
2. What to look for in an income statement:

Let's take a look at Apple:

i) You want to see earnings grow at a steady pace. Take a look at the net income below. Image
Read 25 tweets
Shravan Venkataraman 🎡 Profile picture
27 Oct
How to calculate average points per trade of a system:

Assume only 5 trades (for illustration purposes) in the system:

Trade 1: +300 points
Trade 2: -180 points
Trade 3: +70 points
Trade 4: -130 points
Trade 5: +100 points
- Total points made: (300-180+70-130+100) = 160 points
- Average points per trade: 160/5 = 32 points.

So, when I say in the example (in the thread linked above) that the system makes on average 200 trades a year, and 29-30 points per trade in BNF, what do I mean?

Average points made per trade in BNF over the 200 trades.

That's what I mean.
Read 6 tweets
Shravan Venkataraman 🎡 Profile picture
27 Oct
If you really want to learn from someone on social media, you don't have to pay for their courses or any special access programs.

Like Ekalavya, you can consume with intent whatever your self-assumed Guru puts out in the form of content.
When you use a bit of common sense, reverse engineering, and connecting the dots as a practice with all that they post, you can figure out with 95-98% what they do, how they do it, why they do it, etc.
When I initially started moving towards systematic trading, I read all of @madan_kumar's tweet threads, blog posts, zerodha qna interview and its comments section, his threads on traderji forum, etc. Those have the best insights most of which he likely condenses in his workshops.
Read 10 tweets
Shravan Venkataraman 🎡 Profile picture
26 Oct
Independent theaters are going to survive Covid better than the franchises like Inox and PVR.

Independent multi-screen, privately owned theaters are likely to be self-owned(including building) by the owner group and must have contained the damage during covid early on.
Theaters are going to co-exist with OTT. The side-effect of OTT would be a slight/marginal reduction in piracy.

But people are never not going to go to theaters. A movie like Interstellar, Tenet, Endgame, Fast and Furious 7, Kaithi, etc., deserve a theater watch.
So, theaters are here to stay. Just that, I feel that independent and privately owned theaters have a far better chance of survival than the publicly listed franchisee type theater groups. Interesting times ahead to be witnessed.
Read 5 tweets
Shravan Venkataraman 🎡 Profile picture
26 Oct
Most people who quit their job essentially as an act of showing middle finger to their bosses, and start a business don't realize that they are focusing on short term pain and ignoring the long term pain that running a business is.
Starting and running a business, especially as a middle-class first generation entrepreneur is not easy. If you do it only because you hate your current boss, a couple years down, the entrepreneurship world would eventually teach you working for your former boss was way better.
Pride, vanity, and moments of impulsiveness, focusing on stopping the short term pain - all these block your long term visibility, and gives you tunnel vision. This makes it very difficult for you to assess if your decision is one that's coming from a place of emotion.
Read 4 tweets
Shravan Venkataraman 🎡 Profile picture
25 Oct
This is why I use Indian fintwit only for entertainment.

Some nuthead retweeted a tweet from the thread out of context, and entire Indian fintwit goes crazy.

If only people read the entire thread without pulling one or two tweets out of context, but no.
Before reading anything, read what's in this screenshot. Further details here -> www1.nseindia.com/products/conte…
So, when a dividend is announced, the stock price is adjusted to reflect that, and futures price is also adjusted, and options are revised too.

But the price drop I talked about in my thread, was the drop from investors selling the stock after they have qualified for dividend.
Read 7 tweets

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