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Conservative Trader Profile picture
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29 Jul, 4 tweets, 2 min read
Listening to one of my all time fav songs

I love Manoj Bajpai and RGV to give joy in my life by their movies (2001-2002) when I was going thru hopeless depression

sorry for bad print above

better here, but too many ads on this

dailymotion.com/video/x814e78
now listening to this one,

Only a 90s kid will understand the depth of this song and will have Goosebumps,

for rest of them its just the way the world was before mobile phones and digital cameras

People actually used to fall in love, u know ;)

sorry gave wrong link

twitter doesnt have edit button

this is the song

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More from @AnandableAnand

Conservative Trader Profile picture
30 Jul
Burnout among traders , a thread
unlike what we think our brain’s capacity to take multiple decisions, to handle failures, to handle setbacks and to handle negative emotions is limited

+
just like our bodies get tired, so does our brain

burnout for traders, applies more to discretionary traders then to system traders but it does affect everyone
It affects discretionary traders more, As for them every decision takes a mental toll,

takes away mental reserve and affects them negatively
Read 15 tweets
Conservative Trader Profile picture
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
Conservative Trader Profile picture
25 Apr
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
@sakuag333 @bhatiamanu @BankniftyA @vivbajaj @WeekendInvestng @Jakerachoudhury @TraderLogical @dmuthuk @_anujsinghal
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
Read 4 tweets
Conservative Trader Profile picture
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
Conservative Trader Profile picture
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
Conservative Trader Profile picture
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

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