Thanks for sharing such valuable insights @SamitVartak ❤️
Alot of key takeaways 😇

You guys are adding alot of value to investors community👍

@cautkarshpandey @dadalife369 @saket1974 @ishmohit1 @saketreddy @BahirwaniKrish @VohiCapital @academy_share @soicfinance

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We often come across the term "BALTIC DRY INDEX" whenever we read about shipping industry, container shortage issues, commodity prices etc.

Made a quick informative thread about what exactly it is and what to interpret from it.

WHAT IS IT?

The Baltic Dry Index issued daily is a market barometer and leading indicator of the shipping industry.
The Baltic Dry Index (BDI) is issued daily by the London-based Baltic Exchange.

The BDI is a composite of the Capesize, Panamax, Supramax Timecharter Averages.

How BALTIC DRY INDEX dropped in 2008 ?😱

ANSWERED BELOW 👇

REASON ?

China buys most concrete, aluminum, copper & steel in the world.
But as services have started to play bigger role in world's 2nd largest economy its demand for commodities has leveled off.
Too many ships & falling demand from its biggest customer puts a cap on the BDI.

BDI ALONG WITH OTHER ECONOMIC INDICATORS -

GDP, volatility index, crude oil prices, interest rates and exchanges like S&P 500, FXI, Japan Nikkei 225 and London FTSE.

These are followed by Economists/Investors as leading indicator for economic growth and production

After reading several trading-related books, I've curated a list of my favorite books that were a complete game-changer for me.

🧵Hope this thread helps all traders enhance their knowledge.

✅Please share your favorite books & YT too!
♻️ Retweet for wider reach
🎁 Surprise

❣️Market Wizards by Jack D. Schwager

It is a collection of interviews with traders who have turned measly sums into great fortunes. From those interviews, one can extract a lot of insights.

❣️How I made $2m in Stock Market by Nicholas Darvas

Darvas’s book is a fascinating read. He explains in readable terms how he made a small fortune in a short period. He explains a simple approach, now known as the Darvas Box for entering and exiting the market.

❣️Think & Trade Like a Champion by @markminervini

The book comes closest to having a real mentor, giving you practical advice. I like how the book is focused on the Mindset, Routine, Habits, and Pitfalls of traders instead of just strategies.

❣️The Wyckoff method of Trading and investing in stocks by Richard D Wyckoff -

Wyckoff was an extremely successful stock market trader. His technical trading strategies and techniques have withstood the tests of over 75 years of changing markets.

Amazing session by @itsTarH 😎
I’ve taken these notes from this session.
Sharing for the benefit of the Investors Community!!😁

Can’t thank enough @dadalife369 @cautkarshpandey @saketreddy for giving us an opportunity to interact with highly skilled professionals

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