Sachin Vaze was suspended only when the NIA was allowed to investigate. ATS suddenly started finding evidence against him. Today the new CP has come out with reports casting serious aspersions on the functioning of the whole Dept.
Can we really trust the Mumbai Police or the Maha Govt to get to the bottom of this sordid affair? It is so much beyond the 'federal structure' being threatened as the Maha Govt would have us believe. The very faith of citizens in law and order has been shaken to the core
I hope SC throws out the appeal with some stinging observations. I also hope that no 'Political deals' are made to hush up the issue. Many Politicians, who are undoubtedly involved, need to feel the full force of the law and face the consequences for this betrayal of democracy
And I can't understand that if the new Commissioner has given such a damning report about Parambir Singh, then why is the Maha Govt not suspending him? How can he be permitted to carry on as DG in any other Dept?

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More from @KatariyaPran

8 Apr
Samir Arora'a talk on How To Build an Equity Portfolio is one of the most fascinating and profound things I have heard on the Markets. We are conditioned to believe that Money is made in Markets thru our ability to pick the very best performers in the Market.
He turns the proposition on it's head and shows that if we had a Portfolio of 30 Stocks and average Stock in Portfolio was only the 90th best in the Nifty-combination of say some being 50th best and others 150th best- then we would be up 56x times over 15 years vs 7x for Nifty! Image
This is a return which very few have seen. He then argues that it is impossible for anyone to pick the best performing stocks in any Market due to it's random nature. So Steve Jobs had only 20% of his holdings in Apple while 80% was in Disney,
Read 5 tweets
6 Apr
The more I trade, the more convinced I get that the most improvements in performance come not from discovering some brilliant strategy or even in it's execution but from cutting down common mistakes- most of which are common too and well documented for most Traders
Despite being aware of it and working on it for ages, my biggest flaw remains letting the losses in a few of my Trades run too far. These mistakes are not many but they still end up dragging my Performance by a few percentage points.
Yet I find many Traders seem to wear some large losses as a 'badge of honor'. Something that must be tolerated in the quest for possible gains. Who knows- it may actually work for them. Personally I would like to get out with a small loss than hang on in the hope of a larger gain
Read 4 tweets
3 Apr
We live in an extremely competitive society and everyone wants to benchmark themselves with the very best. However everyone cannot be a Mukesh Ambani, a Sachin Tendulkar, a Rakesh Jhunjhunwala or a Tom Basso. Fortunately we don't have to be to live a happy and prosperous life
I doubt Warren Buffett spends sleepless nights thinking that in the last 5 years he has made less than 20% while Jim Simons has exceeded 60. In Investing and Trading, even 'mediocrity' is actually quite good.
In a seminar Samir Arora pointed out that even if your Portfolio was made up of Stocks which were 150th best, you would handily outperform the Nifty by as much as 9% and generate a CAGR of over 25%.
Read 7 tweets
2 Apr
A 50 lac loss on a Capital of 1cr will destroy you as a Trader. But let me tell you that even on a Capital of 50cr it will send you in a depression. Which is why scaling up is so difficult. Probability of bigger losses keeps increasing but ability to stomach them goes up slowly
Investing is a compounding game- Trading isn't. Which is why the legends like Rakesh Jhunjhunwala, Radhakrishan Damani and others focused on Investing after generating their initial corpus from Trading
Forget feeling depressed after making big losses, people feel depressed when in a particular month they don't earn what they feel is their entitlement or quota from the Market🤣🤣🤣
Read 6 tweets
20 Mar
Trading is a business of Probabilities not Certainty. So the road to Trading success is to take many high probability Trades and let the odds play out in your favor. 'Many Trades' is key here because probability is subject to the law of large numbers.
The very worst Traders are the ones who rely on certainty- the kind who look for a 80-90% success rate in the Trades they do. You can find then all over Twitter extolling the remarkable accuracy of some 'gurus' calls while singing his praises
Backtesting is the hot topic these days and relies on years of data to arrive at the Expectancy of a Trading System or Strategy while giving you a fairly good idea of the volatility of the Returns you can expect and the drawdowns you can be subjected too
Read 13 tweets
15 Mar
Have had a number of DM's following the elearning video. Clarifying some issues. Please understand I am not an intraday Trader and obviously my methods will not apply to short very term time frames. The first was on how I identify levels
I do it in the evening after the Market and I look at Support or Resistance on Candlestick Charts Also for common Patterns both for entry and failure. I look at P&F Charts- 1% on a daily TF. I will also use Relative Strength to identify sectors and the best/worst stocks in them
Will also look at Renko Charts as Swing Points are easier to identify on them. Sometimes I will also look at OI for underlying where I have larger stakes. Of course will always keep an eye on IV's. Once I have these levels, I will use them to take positions the next day
Read 8 tweets

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