1) This year has been difficult for many investors, whether you are a novice or an experienced risk taker.
It would be useful to revisit today's money masters and see how they dealt with gut-wrenching loss.
It always helps renew my ambition. THREAD 👇
“I am not cut out for this business," he said. "I don’t think I can hack it much longer.”
"It was a cathartic experience for me, in the sense that I went to the edge, questioned my very ability as a trader, and decided that I was not going to quit. I was determined to come back and fight."
As Richard Dennis used to say to new traders, “When you start, you ought to be as bad a trader as you are ever going to be.”
He lost money for three straight semesters—on sugar, gold, and cotton—and had to ask his father for money to pay his living expenses.
He didn’t turn a profit until his final year.
He was so mortified that he returned the rest of the money back to the partners. It took a couple of years before he was coaxed into another try.
His success was built on, “Hard work, patience, knowing when to hold ‘em, fold ‘em, or go all in.”
It was an easy decision because of a consulting arrangement on the side that provided $120,000 in revenues.
His fund performed well and assets swelled to $7 million by May 1982.
His 1% management fee only generated $70,000. His overhead per year was $180,000. At the time, the firm had assets of just under $50,000.
He was convinced that interest rates would fall. He put all of the firm’s capital into T-bill futures.
In four days, he lost everything. To keep himself in business, he sold 25% of his company for $150,000.
There are important lessons in it for all of us.
That tests an individual’s grit; does he have the stamina, courage, guts, and smarts to get up and engage the battle again?"
That is actually scarier because it acknowledges a certain lack of control over anything."
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Pangolins, September 2019 and PLA are the key to this mystery
Stay Tuned!
1. Yang
Meet Yang Ruifu, CCP's biological weapons expert https://t.co/JjB9TLEO95 via @Gnews202064
— Billy Bostickson \U0001f3f4\U0001f441&\U0001f441 \U0001f193 (@BillyBostickson) October 11, 2020
Interesting expose of China's top bioweapons expert who oversaw fake pangolin research
Paper 1: https://t.co/TrXESKLYmJ
Paper 2:https://t.co/9LSJTNCn3l
Pangolinhttps://t.co/2FUAzWyOcv pic.twitter.com/I2QMXgnkBJ
2. A jacobin capuchin dangling a flagellin pangolin on a javelin while playing a mandolin and strangling a mannequin on a paladin's palanquin, said Saladin
More to come tomorrow!
3. Yigang Tong
https://t.co/CYtqYorhzH
Archived: https://t.co/ncz5ruwE2W
4. YT Interview
Some bats & pangolins carry viruses related with SARS-CoV-2, found in SE Asia and in Yunnan, & the pangolins carrying SARS-CoV-2 related viruses were smuggled from SE Asia, so there is a possibility that SARS-CoV-2 were coming from
These setups I found from the following 4 accounts:
1. @Pathik_Trader
2. @sourabhsiso19
3. @ITRADE191
4. @DillikiBiili
Share for the benefit of everyone.
Here are the setups from @Pathik_Trader Sir first.
1. Open Drive (Intraday Setup explained)
#OpenDrive#intradaySetup
— Pathik (@Pathik_Trader) April 16, 2019
Sharing one high probability trending setup for intraday.
Few conditions needs to be met
1. Opening should be above/below previous day high/low for buy/sell setup.
2. Open=low (for buy)
Open=high (for sell)
(1/n)
Bactesting results of Open Drive
Already explained strategy of #opendrive
— Pathik (@Pathik_Trader) May 27, 2020
Backtested results in 30 stocks and nifty, banknifty.
Success ratio : approx 40-45%
RR average 1:2
Entry as per strategy
Stoploss = Open level
Exit 3:15 PM Or SL
39 months 14 months -ve, 25 +ve
Yearly all 4 years +ve performance. pic.twitter.com/nGqhzMKGVy
2. Two Price Action setups to get good long side trade for intraday.
1. PDC Acts as Support
2. PDH Acts as
So today we will discuss two more price action setups to get good long side trade for intraday.
— Pathik (@Pathik_Trader) June 20, 2020
1. PDC Acts as Support
2. PDH Acts as Support
Example of PDC/PDH Setup given
#nifty
— Pathik (@Pathik_Trader) June 23, 2020
This is how it created long setup by taking support at PDC.
hopefully shared setup on last weekend helped. pic.twitter.com/2mduSUpMn5