Sourabh Sisodiya,CFA Profile picture
Aug 1, 2021 13 tweets 4 min read Read on X
Power of Desire (Thread)

1) The Story of Edwin C. Barnes

“There is but one thing in this world that I am determined to have, and that is a business association with Thomas A. Edison. I will burn all bridges behind me and stake my entire future on my ability to get what I want” Image
2) But Barnes had no invention to his name, no particular skills of use, and couldn’t scrape together the meager amount of money it’d take to pay his rail fare to New Jersey(where Edison lived)
3) He had no money, no guarantee he’d even get to meet the legendary inventor, nothing promising to offer Mr. Edison should he cross paths with him, and absolutely no hint of a reason to believe that Edison would take him on in any capacity.

All Barnes did have was desire🏆 Image
4) Barnes arrived in New Jersey and managed to meet Edison. Upon meeting Barnes, Edison says,

“He stood there before me, looking like an ordinary tramp, but there was something in the expression of his face which conveyed that he was determined to get what he had come after.” Image
5) Edison says, “I had learned, from years of experience with men, that when a man really desires a thing so deeply that he is willing to stake his entire future on a single turn of the wheel in order to get it, he is sure to win”

And he gave Barnes the opportunity
6) Barnes did not get his partnership with Edison on his first interview.
He did get a chance to work in the Edison offices, at a very nominal wage, doing work that was unimportant to Edison, but most important to Barnes.
7)In doing this irrelevant work, Barnes made a point to showcase his more intangible attributes to Edison any chance he could. His unrelenting mindset was “I came here to go into business with Edison, and I’ll accomplish this end if it takes the remainder of my life.” Image
8) Months passed and still, Barnes goal went unrealized. But then came an opportunity

Edison had just completed work on a new office device, at the time named the Edison Dictating Machine; later known as the Ediphone.
9) Edison was having trouble getting his salesmen to take on the invention. They thought it’d take just short of a miracle to sell the thing.
10) In this struggle, Barnes saw his opportunity. He believed that he could sell the machine and approached Edison with a plan on how he’d do so. Upon reviewing the strategy, Edison gave him his chance. Image
11) Barnes took full advantage and went on a roll selling the Ediphone. His success was such that Edison eventually gave him an exclusive contract to distribute and market the device all over the nation! Image
12) Their association as business partners became so well known, it gave birth to the slogan,

“Made by Edison and installed by Barnes.” Image
13)The venture made Edwin Barnes lot of money and their partnership lasted 30 years.

“We all have this ability inside us. The big question is whether we wish to go all in for our desire.”

End Image

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Sourabh Sisodiya,CFA

Sourabh Sisodiya,CFA Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @sourabhsiso19

Nov 4
How to build a Trading Multi Monitor Setup with specifications

A detailed thread🧵 Image
1)Monitors :

Dell 27 inch 2721HN

BenQ 27 inch GW2780

Vertical Monitor Dell P2722H

We are using 10 monitors & 1 vertical monitor with 1080 p resolution

Purpose of the monitors is to help scan multiple charts,momentum stocks, news and give a bird eye view of the market. Image
2) Mother Board:

Aorus Elite z690

The motherboard is the backbone that ties the computer's components together at one spot and allows them to talk to each other.

This allows GPU,processor, RAM and other hardware component to interact seamlessly Image
Read 13 tweets
Oct 9
This one thing literally changed my trading

A thread🧵 Image
1) The real breakthrough in my trading didn’t come from picking better stocks or reading charts more accurately.

It came when I mastered the art of cutting losses fast. Image
2) Ed Seykota says

The elements of good trading are:
1)cutting losses.
2)cutting losses &
3) cutting losses.

If you can follow these three rules, you may have a chance. Image
Read 14 tweets
Sep 21
A Brutal Day in the History of Sensex 0 DTE😳

Option selling is getting tougher by the day.

No matter where you set your stop loss, it feels like it's destined to get hit. And if you don’t set one? You could blow up your account in minutes.

Let’s dive into what happened on September 20, 2024 and ways to survive such days(Thread)Image
1) Sensex opened at 83,611 and dropped 400 points in just 20 minutes!

But that was just the beginning.
The market then staged an incredible rally, surging over 1,300 points from the day's low to hit a high of 84,515 and again fell 1200 points to 83300 and again rallied to 84600

Crazy Volatility🎢Image
2) During this upmove, 84,000 CE option exploded from 36 to around 700
A 20x move in a single day!

But this was just the beginning😱 Image
Read 9 tweets
May 6, 2022
Thread : Days to Remember🧵

1) I saw few tweets saying that this is the most difficult market ever.

As a trader, we have signed up for these risks & All we can do is be prepared & manage them

Lets have a look at days when markets action was crazier than current times !
2) 18th may 2009

Markets opened at 9:55 AM as this was the market opening time at that time
Nifty immediately hit an 20 % upper circuit at 10.01 am and the markets froze.
So markets were open only for 6 minutes.

3) 24th Aug 2015 (Vega Risk)

On 24th August 2015, the Indian markets declined close to 5.92%.

Nifty around 490 points but something unusual happened on that day.

Far otm Call options shot up inspite of such a huge fall😲

Vix shot up 64%.
Read 12 tweets
Apr 24, 2022
Thread : From +5% to -1% for April.. Mistakes made & lessons learnt🧵

1) I was up 5% on capital for April till 2nd week but in last week went from +5% to -1%

So what went wrong, what mistakes I did & the lesson learnt !

#trading
2) I was having a great month & that made me more complacement as I made around 24% returns in last 4 months

As Paul Tudor Jone says

“My biggest losses have always come after I have had a great period & I started to think that I knew something”
3) So what went wrong ?

Tuesday :
BNF crossed 37000 & I sold 36500 put as per my system

But BNF reversed in last 30 mins & my otm stop (36000) got triggered.

I exited hedge as I thought this is just a pullback but BnF kept tanking & lost around 2% on capital on Tue
Read 16 tweets
Apr 24, 2022
Thread: What can we traders learn from Sachin

1) @sachin_rt is undoubtedly one of the greatest batsmen of all time & has played several amazing knocks. But one that stands out is his 241* at Sydney. He did not play a single cover drive in the entire innings

#SachinTendulkar
2) Look at his stance on the crease. Look at the balance. Perfect. Simply elegant. Looks so pleasing to the eye.

Even @bhogleharsha once said, “When Sachin hits a cover drive, the world seems all the more beautiful.”
3) But in the series against Australia. Sachin had been getting out by trying to drive the ball outside off.

He had scored just 88 runs in the previous three matches and had registered 2 ducks as well. So he decided that he needs to change something to score more runs
Read 8 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

:(