Protip for life:

For 1 year, live like a saadhu. Keep a budget of 1000-2000 max for your food and other expenses. Try to find a way to live well under that. Walk if you can. Take gov bus instead of auto. Do things the hard way.

Eat two or one meal per day. Survive.
Once you do this, no matter where you go in life thereafter, you will always know that you can make 1000-2000 rupees per month, and you can survive with one meal a day.

This will give you confidence to take calculated risks that are otherwise shunned by normal people.
Once you do this, there's no going back. Living out of a backpack and surviving in one or two meals a day is definitely possible.

But once you have done that, you will never be afraid to fail or lose everything.
The body that's used to comforts will be afraid of losses.

The body that slept on floor and with mosquitoes singing lullabies, without a pillow or a mattress, or a human to hold on to - will not be afraid to lose anything. Coz it has seen the bareness of life.

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More from @theBuoyantMan

19 Apr
The aggressive compounding experiment is officially a failure. 😅

As in, I have reached the point of no return/ruin, at about -83% drawdown.

This was due to two predominant mistakes.
The first mistake: for the first 10 odd trades upto like 50% drawdown, I was executing the stoplosses wrongly.

I discovered this only on that big drop one day where bnf went 300+ points in 5m when my system hadn't exited.

Bugs. 😑
Had it not been for that bug, I would still be around 45 to 50% drawdown range.

Second major mistake was oversleeping on that one day and missing that 400point trade.

That would have compensated current losses. That didn't happen. So losses that followed aggravated drawdown.
Read 8 tweets
18 Apr
NOBODY CARES.

This is the truth.

Everyone's got their own life and their set of problems to deal with.

No one actually thinks about you or your choices, your life decisions, etc., enough to judge you.

So, go do what you want to do, and make yourself satisfied first.
Be unapologetic about not being or doing what other people want you to be/do.

You're not born to measure up to other people's expectations.

Sure, you have to co-habitate with others.

But that doesn't mean you are born to fulfill their wishes or expectations.
Do your best.

Do only what you can.

If you can't do something and that upsets someone, even if it is someone dear, you can be sorry that it upsets them, but you shouldn't ever be sorry you weren't able to do it.

You did your best.
Read 7 tweets
18 Apr
With the introduction of ARM based processor in Macbooks, Mac minis and eventually Mac pros, @Apple has set itself 10 years ahead in the game, from the competition.
Apple's tight stronghold and control over the developer ecosystem, with strict guidelines on how to develop for the hardware they are putting into their systems, can NEVER be replicated by Microsoft.

Unless @satyanadella upends the windows developer ecosystem and taps github.
Windows as such has a lot of moving components and although Windows 10 as an operating system itself has improved leaps and bounds from the disastrous Vista and Windows 8, it is not quite a match for OSx, especially with the advent of ARM processors in the scene.
Read 6 tweets
10 Apr
So, I built a high-performance Ryzen 9 based CPU for 1.8 lakhs.

As many of you have requested for the build spec and the details of the purchase, I thought I'd write about it today.

Time for a thread 👇👇👇
1/ The purpose of this system is purely business driven:

Video editing & rendering, trading, optimization, and eventually some machine learning and data analytics.

I expect the machine to pay 100 times up and above the cost of building it in the next 5 years.
2/ The following is the spec:

i) Ryzen 9 3900x - Rs. 39,300/-
ii) Gigabyte Aorus Pro Wifi - Rs. 24,500/-
iii) Samsung NVME M.2 1TB SSD 970 Evo Plus - Rs. 13,550/-
iv) WD Blue 4TB HDD 5400 RPM - Rs. 7,500/-
v) Gigabyte GEForce RTX 3060 Gaming OC 12GB GPU - Rs. 60,000
Read 40 tweets
20 Mar
Becoming wealthy and free is often a matter of hard work. But doing it peacefully is a matter of luck.

When you're single: Your parents and how they treat you, how your equation with them is - will largely impact how you do in life.
When you're married:

Your equation with your spouse, her equation with your parents, your equation with her parents, and her parents' equation with your parents and vice versa, all of these things will impact your life.
If you're a man, no matter what happens anywhere, ultimately everything and everyone end up smashing your head only.

So, to be able to work and take pressure/stress at work, it's important to have peace at home.

If that's not available, journey is 10x harder.
Read 13 tweets
20 Mar
Many seem to have misunderstood this.

If you have a well backtested system, chances are it will continue to work for a long time.

For beginners though, starting to trade your system when your system is in a drawdown helps maximise the probability of wins nearby.
That said, you don't really have to WAIT for that drawdown to happen to start trading your system.

You can keep trading the system in forward testing phase where you are trading fixed lot size, very conservatively.

You can use drawdown period to start aggressive compounding.
And that's also why I said that once you start trading a system, you can't stop taking trades.

That's where you can't time - once you start, you have to take all the trades, and shouldn't try and time the system's drawdowns and equity highs.
Read 6 tweets

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