50 years ago, this week in 1971, the USA threatened India to stop the 1971 war. An alarmed India sent a SOS to the Soviet Union. A story that has been nearly erased from Indian history books.
When Pakistan's defeat in the 1971 war seemed imminent, Kissinger spurred Nixon to send
the US 7th Fleet’s Task Force, led by the nuclear-powered aircraft carrier USS Enterprise, to the Bay of Bengal. The USS Enterprise, at 75,000 ton, was the world's largest nuclear-powered aircraft carrier in the 1970s with more than 70 fighter aircraft. A monster. The Indian
Navy’s fleet was led by the 20,000-ton aircraft carrier, Vikrant, with 20 light fighter aircraft.
The USS Enterprise was being dispatched to secure American citizens in Bangladesh was the official American statement. Unofficially it was to threaten the Indian forces and prevent
the liberation of East Pakistan. India soon got another bad news.
Soviet intelligence reported to India that a powerful British naval group led by the aircraft carrier HMS Eagle with commando carrier HMS Albion, several destroyers and other ships were approaching India's
territorial waters from the west, towards the Arabian Sea. The British and the Americans planned a coordinated pincer attack to intimidate India: the British ships in the Arabian Sea will target India's western coast, while the Americans would make a dash to Chittagong. Caught
between the British & the American ships was the Indian Navy.
It was December 1971, and the world’s two leading democracies were now threatening the world’s largest democracy. An SOS from Delhi was sent to Moscow. The Red Navy soon dispatched 16 Soviet naval units and six
nuclear submarines from Vladivostok to block USS Enterprise.
Admiral N. Krishnan, the chief of the Eastern Command of the Indian Navy, wrote in his book, 'No Way But Surrender' that he was afraid that the Americans will reach Chittagong. He mentions how they even thought of
attacking Enterprise, in a do or die move, to slow it down.
On December 2nd week 1971, the US 7th Fleet’s Task Force, led by the monstrous USS Enterprise arrived in the Bay of Bengal. The British fleet was arriving in the Arabian Sea. The world held its breath.
But, unknown to
the Americans, the submerged Soviet submarines had overtaken them.
As USS Enterprise moved towards East Pakistan, the Soviet submarines surfaced without any warning. The Soviet subs were now standing between India and the US naval force.
The Americans were shocked.
Admiral Gordon told the 7th American Fleet Commander: "Sir, we are too late. The Soviets are here!"
Both the American and British fleets backed off.
So, was India right in abstaining from the UNSC vote and indirectly supporting Russia? Fuckin' A !!!!!
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Friends,
Did some number crunching on excel using the last 10-year data of #Nifty and #BankNifty. What I found out is that, if you take any 5-day period (I mean, any... not necessarily Monday-Friday or Friday-Thursday...take any combination, but it should be consecutive 5 days)
then, #BankNifty gives an average move of ~4% from high to low (meaning, high of that 5-day period to low of that 5-day period). This is the "average" move over last 10 years. The maximum has been (and this will blow your mind) 33% 😮 and minimum has been 1%. See table below
In the above table, there are 2 columns. High-Low means from high point (of any 5-day period) to low point (of any 5-day period). Similarly, the second column shows the same data, but instead of high-low, it looks at only the daily close - daily close (during that 5-day period)
Few tips/ suggestions to traders/ investors out there who are struggling:
a) Biggest money is made in "Cash" segment. I know, FnO is more glamorous, but it is, at best, a good way to earn monthly income. If you really want to become "wealthy and rich", the only way is to
invest in stocks
b) Now, I wouldn't use the term "invest in good quality" stocks. Because, terms like "good quality" are very vague and subjective. For me, personally, a "good quality" stock is one whose price is going up, and not just that, with a very strong momentum.
c) Once you have invested, sit tight (at least, until the SL is hit!). Remember, it's never the trading that makes the money, it's the sitting. Great traders are never worried about the upside, they only worry about the downside (and that's precisely why we have the SL).
Just an update on personal front. Got a much better job offer which, I believe, gives me a significant step-up in terms of role profile, job content, and pay. Also, importantly, it’s in Bangalore, so personal life won’t be impacted in terms of relocating, etc. (1/n)
Hence, would be leaving my present job and moving on to the new one, starting April.
Someone who got to know I am leaving my present job, asked whether I am now turning to full-time trading. But no, thankfully, my trading style is such that, I can manage a full-time day (2/n)
job and still trade. So, then, why leave the job. In fact, the financial security of having a job makes me a much better trader, because I don’t have the “compulsion to make money”.
Those who remember my 0.25% strategy thread... I had set a target of first 3L milestone in 90 trading days... in my first stock (Mindtree), I have reached 2.91 L in 94 trading days...still 9k left for target and already 4 days late 🙂
On day 95, 3L target achieved on my stock 1 (Mindtree)... stock 2 (Bajaj Finsv) added... green means position open on long side and orange means position open on short side...
e) Proven track record in sharing live trades - @bhatiamanu (a pioneer in this category…I have always said…we
have lot of “guerrilla” traders on twitter…who will come out of the blue, show-off a winning trade and then disappear for days…Manu has shown all his trades (in sequence) and has demonstrated how to make money in live markets…hats off to his transparency…my telegram channel