My very close relative needs this.

Pls retweet

If any help is there, pls send me DM or reply to this tweet.

Cant thank enough if anyone sees this and Retweet.

Yes your retweet will help.

I will be indebted

🙏🙏 Image
Thanks everyone for help.

With all the help, we received one cylinder which will work for next 8 hrs

Most of the leads/numbers didn't work

We desperately need either refill or new cylinder or bed in a hospital

A shout out to people who are in kanpur/lucknow n might have tried
Friends. We got the the refill also. 80 kms from kanpur.

Not deleting original tweet as if someone else needs it, can take from them.

Special thanks to @ArjunB9591 @sakuag333 @DeepakSwarnka12 Image

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More from @AnandableAnand

27 Apr
This stupid fight on vaccine price has to stop.

for courts to politicians are trying to score points of lower prices.

Unless we leave some money on the table for entrepreneurs and risk takers, in future there will not be any vaccine manufacturer.

Right now, priority should be
super fast vaccination campaign and govt should spend on it as much as our budget for NAREGA or some other subsidy

As cost of not vaccinating "everyone" is too high for our country and economy

Those who can afford it, should come forward for paid vaccine at market price
as determined by manufacturer and there should be an App where people can sponsor / donate for vaccination for weaker section of society (with proper tracking with aadhar)

Also in parallel Govt should run free vaccination camps roping in all govt machinery for quick results
Read 4 tweets
12 Dec 20
How to get rich trading (without getting lucky)

Complete beginner’s guide to wealth of Rs 10 Cr in 10 years

Step 1: start trading live

1/n
Nothing can substitute experience of live trading

No amount of back-test, studies or indicators can substitute training your mind with screen time

As a beginner, In live trading, you will make losses almost everyday

2/n
So here are the conditions which you can’t violate in first year
If you can’t follow these rules, this document is not for you

Start with trading capital of Rs 1 lakhs

Max loss per trade 0.25%, i.e. 250 Rs

Max loss for the day, 1%, i.e. Rs 1000

Max 6 trades in a day

3/n
Read 30 tweets
8 Dec 20
Beginner's guide to position sizing

Thread

You should not risk more than 0.25% of your trading capital on a single trade

You will come across ppl who risk 1-10% capital, but it's not prudent or required

In book "market wizard", most professional traders are risking 1-2% max
But they are professionals doing it for years.

If you risk 0.25%, u have to be wrong 400 times in a row to completely finish your capital.

For beginners, 25% accuracy is not difficult to achieve.

Assuming 1:2 risk to reward ratio

After a series of 10,000 trades,
You will be looking at Drawdown of 6.25%.

May be, after charges, DD of 10%

That becomes your worse case scenario

Once your accuracy level improves from 25% to 35-40%, you can increase position size to 0.5% but it will take minimum a year's time
Read 6 tweets
21 Nov 20
As for someone who was not allowed to trade/invest in equities (because of job n insider trading laws etc)

I found many great insights in MW book, abt non equity trading

Here is 5

1. Dennis Richard, whom I consider my guru for 2 insights

A. trading has to be rule based
B. Turtle trading experiment, anyone can be excellent trader, if rules r followed with reasonable discipline

2. William Eckhardt

Backtesting insights like degree of freedom, curve fitting n pitfalls of BT

3. Paul Tudor Jones

Greatest trader alive who is still trading,
Predicted black monday n made insane money on single day

His below video is a must watch



4. Jim Rogers

He showed that commodities forex n bonds are the place to be

His books (esp hot commodities) is a must read
Read 6 tweets
20 Nov 20
Market crashes, when almost no one is expecting it to crash.

Right now, 30% guys I speak to, are expecting a sharp correction.

So at best it will consolidate here or time wise correction. Crash won't happen.

So side ways movement for next 2 months?
Another way a sharp correction can happen is event driven Like lehman / ILFS collapse

That, imho can happen any day in India or globally.

So many bankruptcies are being filed, it will have cascading impact on financial sector.
Just a thought, LEHMAN collapse happened in September 2008 and NIFTY took nose dive from 4400 to 2200, a 50% correction in 50 days. Less than two months. Made a low in Nov 2008.
Read 7 tweets
7 Nov 20
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
Read 10 tweets

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