On this auspicious day of #GuruPurnima, happy to share an easy to read and an exceptionally worthwhile investment. I plan to make a thread that will hopefully help us invest and live better. Thank you @awealthofcs ๐Ÿ™๐Ÿป

Experience has taught me that less is always more when making investment decisions. Simplicity trumps complexity. Conventional gives you much better odds than exotic. A long-term process is more important than short-term outcomes.
And perspective goes much further than tactics. Tactics are useless to investors in a matter of daysโ€”sometimes in a matter of hours. But perspective is something that stays with the investor for a lifetime. It allows you to adapt to the changing market and economic landscape.
While keeping it simple wonโ€™t make it any easier to predict the futureโ€”no one has a crystal ballโ€”it can give you the necessary capacity to make rational decisions, no matter what happens next.
Perspective is so important because, without it, even the most intelligent of investors can be ruined from a lack of self-awareness in their own abilities. Investors that fail to put the news or market moves into the proper context....[1/2]
...in regards to their own personal circumstances are fighting an uphill battle. A proper perspective can give the investor the right frame of mind to be able to ignore news headlines and avoid acting on the damaging emotions that can hurt the decision-making process. [2/2]
Iโ€™m not here to sell you a pot of gold at the end of a rainbow. I canโ€™t offer you a secret get-rich-quick formula for making millions of dollars overnight. The real secret is that there is no secret to be able to make millions of dollars overnight..... [1/2]
.......It only happens over a period of time. Building wealth takes patience. You canโ€™t be in a hurry. Remember, the markets are not just about building wealth and making money. Theyโ€™re a tool for your desires about creating freedom, time, memories, and peace of mind. [2/2]
Less is always more and trying to implement a more interesting or clever portfolio strategy is akin to threading the needle. Sure, it can work, but trying harder and increasing the number of decisions you make only increases the odds that youโ€™ll make a mistake.
Simple and effective advice:

1. Think and act for the long term
2. Ignore the noise
3. Buy low, sell high
4. Keep your emotions in check
5. Donโ€™t put all of your eggs in one basket
6. Stay the course

It will rarely sound so great at the moment when you actually have to use it.
The problem for average investors is that when they aim for superior results, it more often than not leads to below-average performance. Itโ€™s amazing how easy it is to do worse by trying to do better.
There are no style points when investing. There's no bonus for the degree of difficultty (e.g. Biopharma vs Unilever/Diageo). You don't have to try to impress anyone. It's about getting from point A to point B, not how you get there.
You don't have to signal that you invest only in the best, most exclusive strategies. No one is there to judge you or your portfolio and you don't have to compete against your peers. The most important thing is that you increase your probability for success. That's all.
Investors chase past performance and make decisions with the herd, buying more stocks after a huge run-up in price and selling after a market crash. These errors cost investors a lot of money when compounded over very long time horizons.

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๐—ก๐—ถ๐—ณ๐˜๐˜†-๐—•๐—ฎ๐—ป๐—ธ๐—ป๐—ถ๐—ณ๐˜๐˜† ๐—ข๐—ฝ๐˜๐—ถ๐—ผ๐—ป ๐—•๐˜‚๐˜†๐—ถ๐—ป๐—ด ๐—ฆ๐˜๐—ฟ๐—ฎ๐˜๐—ฒ๐—ด๐˜†

Complete Backtest and Indicator link

๐Ÿงต A Thread ๐Ÿงต

๐—ฆ๐—ฒ๐˜๐˜‚๐—ฝ:
๐Ÿ”ธ Monthly Option Buying
๐Ÿ”ธ 50 ema on 3 min timeframe
๐Ÿ”ธ Supertrend 10 , 3
๐Ÿ”ธ Chart : Banknifty , Nifty Futures as we backtested on futures
๐Ÿ”ธ Entry 9:20 to 3:00
๐Ÿ”ธ Max 3 Entries per day
๐Ÿ”ธ Premium nearest to 200 Rs only

[2/18]

Why Monthly Option buying ?
๐Ÿ”ธ Less theta decay compared to weekly options
๐Ÿ”ธ Less Volatility
๐Ÿ”ธ Supertrend and MA Settings
[3/18]


๐Ÿ”ธ Indicator Link
๐Ÿ”ธ Click on the below ๐˜ญ๐˜ช๐˜ฏ๐˜ฌ -> ๐˜ˆ๐˜ฅ๐˜ฅ ๐˜ต๐˜ฐ ๐˜๐˜ข๐˜ท๐˜ฐ๐˜ถ๐˜ณ๐˜ช๐˜ต๐˜ฆ๐˜ด -> ๐˜ˆ๐˜ฅ๐˜ฅ ๐˜ฐ๐˜ฏ ๐˜Š๐˜ฉ๐˜ข๐˜ณ๐˜ต from favourites and start using it !

๐Ÿ”ธ
https://t.co/zVXavqLBto
[4/18]

๐—œ๐—ป๐—ฑ๐—ถ๐—ฐ๐—ฎ๐˜๐—ผ๐—ฟ ๐—ฆ๐—ฒ๐˜๐˜๐—ถ๐—ป๐—ด๐˜€ :
๐Ÿ”ธ Max 6 Trades per day ( Both CE and PE buy)
๐Ÿ”ธ Timings 9:20 am to 3:00 pm
๐Ÿ”ธ Supertrend : 10,3
๐Ÿ”ธ Moving Average 50 ema
[5/18]

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Iโ€™m torn on how to approach the idea of luck. Iโ€™m the first to admit that I am one of the luckiest people on the planet. To be born into a prosperous American family in 1960 with smart parents is to start life on third base. The odds against my very existence are astronomical.


Iโ€™ve always felt that the luckiest people I know had a talent for recognizing circumstances, not of their own making, that were conducive to a favorable outcome and their ability to quickly take advantage of them.

In other words, dumb luck was just that, it required no awareness on the personโ€™s part, whereas โ€œsmartโ€ luck involved awareness followed by action before the circumstances changed.

So, was I โ€œluckyโ€ to be born when I wasโ€”nothing I had any control overโ€”and that I came of age just as huge databases and computers were advancing to the point where I could use those tools to write โ€œWhat Works on Wall Street?โ€ Absolutely.

Was I lucky to start my stock market investments near the peak of interest rates which allowed me to spend the majority of my adult life in a falling rate environment? Yup.