Popular advice, don't watch TV

My take,

Obviously if u are algo or systems guy, u should not watch TV or even your fluctuating MTM on screen

For everyone else, TV is the biggest free tool u can use for your trading.

Obviously trading calls/advice is useless but that's just
1% of TV.

what about rest of it?

How many of us know about LTRO or OMO?

Watch TV everyday esp events like RBI policy and within few months all terms will start making sense to u.

Oh u don't need these terms for ur banknifty straddle. Is it?

Sooner u realize that every thing
Is interconnected, better off u will be as a discretionary trader.

Entire giant financial machine is interconnected with butterfly effect

In every dealing room /treasury /fund house there are many TVs visible to all dealers.

Many of the CFOs in corporate world have TV
In their room. Why? I will come to that.

20 yrs back, I was briefly working for a guy who was managing 200 Cr of his money, and a small PMS.

Small team of 6 people in CP Delhi.

All day, main guy used to watch TV, no charts, no algo, no backtest. And he used to take 5-7 trades
A day. Never told us, what he watched, but in his trades he was a short seller mostly.

Three major events, I remember from my trading where I made money purely by watching TV

1. Our fighter pilot Braveheart abhinandan was captured, nervous conflict, Election time, Pakistan
Our Govt gave its position that release of Pilot was non-negotiable, and India will not give in to any kind of swap or blackmail, ( any prisoner or spy swap would have been disastrous for BJP election prospects)

CNN n BBC reported that India was forward mobilizing forces
Probably as a way to put pressure.

So every currency trader was watching news closely

US president Trump was in Vietnam meeting North Korea dictator Kim

His much talked about press conference was scheduled at 4pm India time. He was expected to talk abt US North Korea

But

But
He started the press conference with

INDIA PAKISTAN, he said, how we are going to have some very good news by tonight, implied all because of him

Immediately #USDINR took a nose dive.

That night Pakistan announced unconditional release of our Braveheart Pilot.
I made so much of Money in that last hour and o/n #USDINR position.

Other two stories later on.

Here is that Trump press conference, In a third country he opened it with India-Pak.

Watch first 2 mins

• • •

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

Keep Current with Conservative Trader

Conservative Trader 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 @AnandableAnand

14 Oct
#Scam1992

Why did Chanra-swami suddenly stopped helping Harshad?
Also cornered him by freezing his accounts, assets, both brothers in jail, 72 CBI cases and 2000 Cr notice against his wife?

A thread into history 1991

Rajiv Gandhi assassinated suddenly in election campeign
Narsimha Rao was brought back from retirement to head a trusted minority Govt of Congress

Other trusted guys are MMS (Finance minister) and Chidambaram (Commerce minister)

Rao's right hand man was Chandra-swami (or other way around)

On becoming PM, Rao stopped visiting Sonia
and wanted to break free of Gandhi family. But it was weak minority Govt so he had to take everyone along

Here in mumbai, Harshad was doubling money every month and all businessmen and politicians were after him to double their money

Politicians also included Rao and many
Read 12 tweets
13 Oct
Sharing my BUY INDEX OPTION #INTRADAY TRADES

Will try to update it daily going forward.

I know, lot of questions, FAQ in next tweet in this thread Image
FAQ:

1. Bro why suddenly sharing? are you selling webinar, trying to fleece me

A: not selling anything, please keep your money in your central pocket. Though, I would loved to be trolled by you

Sharing as I am loving this like/retweet follower game atm
2. Bro dont be B##ch, tell me the strategy:

A: i am open to sharing all my strategies, but his is someone else's work so i cant share this one. However if you follow daily its easiest strategy to follow crack. Good luck

3. Whats CALMAR and MADCOW of this bro
Read 9 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

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

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!