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Shravan Venkataraman 🔥🚀💰 Profile picture
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20 Dec, 4 tweets, 1 min read
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More from @theBuoyantMan

Shravan Venkataraman 🔥🚀💰 Profile picture
22 Dec
Twitter has been a positive influence this year for me.

Can't point one single person to have influenced me the most. But put these people in combination, and they all influenced me collectively to elevate my life to the next level.

The list below 👇
Started with @naval @balajis - wanted to eventually get to where these two are in life. The kind of processes they have set up in life to be learning machines is unparalleled.

All their podcast episodes, and of course @naval's threads influenced a lot.
Came across @david_perell and @fortelabs. Influenced by them, went into the productivity and note-taking rabbit hole. Discovered SO MANY things that as an Indian you're oblivious to, if you don't expose yourself to what's out there in the world.
Read 40 tweets
Shravan Venkataraman 🔥🚀💰 Profile picture
21 Dec
NSE sells tick-by-tick data for each segment at around 1.5-2 lakhs per year for commercial use (hearsay only, need to confirm).

Data vendors like truedata, GDF, etc., sell the 1sec data at 50-60k per segment, and 1m data at 20k per segment.
They only need 10 customers to breakeven per segment of data. Thereafter, everything they make is profit.

Live data vending seems like a complicated setup (leased line, nse direct line, etc). But becoming a vendor to NSE for historical data sounds like an attractive business.
So, becoming a vendor for NSE historical data (and afterwards adding few more exchanges) sounds like a profitable business.

What is the catch?
Read 8 tweets
Shravan Venkataraman 🔥🚀💰 Profile picture
9 Dec
**Business idea:**

Financial planning and management for the b-list celebrities.

1/ Most B-List celebrities, tv actors, etc., make really good money, but squander it all due to lack of education, awareness, and also being in the company of morons.
2/ A-List celebrities anyway have the top people of their respective fields taking care of things for them. But even they can go wrong.

See how Deepika Padukone's family, Rahul Dravid, etc., got cheated by investing with a fund that was fraudulent.
3/ But B-List celebrities are even worse. Most of them didn't go to college, dropped out of school to pursue acting or whatever.

They have absolutely no financial planning, spend money however they like, and go bankrupt every now and then.
Read 5 tweets
Shravan Venkataraman 🔥🚀💰 Profile picture
9 Dec
**Time for a thread**

Through the last three years of experience in the entrepreneurship space, I understood why phenomenons like

- black money
- hawala
- money laundering
- tax fraud
- overclaiming of tax returns
- not reporting income

and other such scenarios exist.
1/ Running a business, especially with all the licenses and the jazz is like standing in a traffic signal.

The signal may still be red. But if vehicles have started moving, they will keep honking and hurling abuses at you for not moving and breaking the rules along with you.
2/ The corrupt system begets corruption.

The government employees seek bribe for every single thing that they are being paid to do as work.

If you don't pay them, your business will not get set up.

If you don't pay what they ask for, they will point out hundred issues.
Read 48 tweets
Shravan Venkataraman 🔥🚀💰 Profile picture
8 Dec
**Introduction to Systematic Trading & Backtesting**

I was preparing the curriculum for the Python backtesting course and thought it would be nice to do a webinar giving an overview of whatever I have learnt so far in Systematic Trading.

This webinar will be on December 13th.
To register, fill this form:

docs.google.com/forms/d/e/1FAI…

And, join the telegram channel (will send updates, webinar link, etc.)

t.me/STAWebinar
NOTE:

I'm not an expert quant working at Two Sigma or anything.

I can program/code at a decent level, and been working on systematic trading since last year. So, I'll share whatever I have learnt.
Read 4 tweets
Shravan Venkataraman 🔥🚀💰 Profile picture
7 Dec
**Diversification** in Systematic Trading:

Trading one strategy forever sounds like a dreamy idea.

But it just doesn't work that way.

If only reality granted wishes.

How should you approach diversification? Should you diversify?

A beginner level discussion below 👇
1/ There are many kinds of trading strategies.

For the sake of this thread, they are broadly categorised based on the following.

# By type of instruments traded
- Cash only
- Futures
- Options
- Hybrid
2/ You can classify strategies based on market bias

- Long only
- Short only
- Hybrid (with slight bias)
- Market neutral
Read 11 tweets

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