Aditya Pachwaria (@fintinity) profile picture

@unweild got hacked😂

New Delhi, India
Joined June 2020
Photo by Aditya Pachwaria (@fintinity)Photo by Aditya Pachwaria (@fintinity)Photo by Aditya Pachwaria (@fintinity)Photo by Aditya Pachwaria (@fintinity)
Replying to @_anujsinghal
@_anujsinghal @AnilSinghvi_ ..sir i have trading markets for over 18yrs..have researched global markets too. Pls if u can arrange a 1:1 debate with @NSEIndia or @SEBI_India on #CAS. Let's argue with facts, figures and theories, nothing arbitrary
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Aditya Pachwaria retweeted
A Stanford professor took two average stocks, rebalanced them daily, and turned $100,000 into $7 million without predicting a single price. Bookmark & watch today, no matter what.
Readers added context they thought people might want to know
Thomas Cover's example used two specific volatile stocks; the ~$7M from $100k is the best hindsight constant-rebalanced return on 1963-1985 data, not his causal universal portfolio's result. youtube.com/watch?v=wsd8ns… gwern.net/doc/statistics…
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Every sensex expiry in the #CAS regime is a new record. Tired of posting @SEBI_updates
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Aditya Pachwaria retweeted
This video never gets old 😂😂
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So many stocks under @MSCI_Inc rebalancing closing at higher and lower #CAS bands. Imagine the long term return hit (upto around 6%). Infact even then for some stocks required inflow outflow volume was still not executed. So much so to make tracking error 0 @SEBI_updates
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Aditya Pachwaria retweeted
Ask yourself these 4 questions. (Bookmark it for later)
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Aditya Pachwaria retweeted
In 1986 a guy got kicked out of every casino in Vegas for counting cards. So he flew to Hong Kong with $180,000 and started betting on horses instead. He walked away with almost $900 million. It's Bill Benter. He figured horse racing was just another counting problem. Same math, more moving parts. He and a partner showed up with $180k and a computer. Benter spent years teaching that computer to guess one thing, the real chance each horse had to win. If his number was better than the odds the bookies gave, he bet. If not, he skipped it. That's the whole trick. Expected value. EV = p · b − (1 − p) Only bet when your win chance p, at odds b, is worth more than your chance of losing. This recording was never meant to be some hidden gem. Nobody expected Professor Tsitsiklis to hand the whole foundation away in 45 minutes, but that's exactly what happens on the board. Students in that room pay over $80,000 a year to sit through it. It's free right here. It's free right here. Every quant, every professional bettor, every hedge fund analyst started with this exact hour. Benter just watched it and actually did the homework. Almost nobody knows this lecture even exists. Watch it before it gets taken down. The answer is in this video.
Readers added context they thought people might want to know
The video shows basic introductory probability concepts from a publicly available MIT lecture recorded long after Benter's work. Benter developed sophisticated models based on specific 1980s academic papers, large datasets, and custom programming—not EV from this class. en.wikipedia.org/wiki/Bill_Bent… bloomberg.com/news/features/… ocw.mit.edu/courses/6-041s…
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Fun fact: Today's bse option premium turnover is 10% lower than the no trading day (12th August) premium turnover. Says a lot about game theory and unity #cas
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What if the orders were not cancelled and profitable trades were taken through seperate account. Treat the cause not the symptom, WOW!. #CAS has reduced the regulator to being an investigator
SEBI has passed an Ex-Parte Interim Order in the matter of manipulative trades during CAS on SENSEX expiry at BSE- August 13, 2026. Details at: sebi.gov.in/enforcement/orde… #SEBI
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#CAS again showing its true colors. 150cr of bse cash volume settled 4 lac crore of notional outstanding options...what are u waiting for @SEBI_updates @CNBC_Awaaz @_anujsinghal Pls pls stop this mayhem..before it damages market microstructure completely
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Those not trading tomorrow raid ur acquainted trader's desk whom u think can trade and live stream it. I habe decided mine🤣 #notradeday #CAS
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I will observe #NoTradeDay tomorrow, inline with the trending campaign but some positional trades if they might need little adjustment, would be doing that (mostly SL basis) less than 5% deployment. #CAS
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Getting lot of ques. today because of missed opportunities in last week in short gamma. My take: End result with good enough liquidity would be straddle opens at 80 and goes to 35/40, in it's own up/down pattern. If u can make strategies that profit in this criterion, go for it.
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Which means directional systems will not decay much, but non-directional will not work out in the long run. #CAS
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Aditya Pachwaria retweeted
A dead MIT professor accidentally destroyed the $20 billion executive coaching industry with one hour of lecture, and ten million people have already watched him do it. He filmed it once in January 2018 and died eighteen months later. Executive coaches charge fifteen thousand dollars a session to teach a third of what he covered in that one hour for free. His name was Patrick Winston. He ran the MIT Artificial Intelligence Laboratory from 1972 to 1997 and wrote the AI textbook every computer science major in the world read for thirty years. Every January for four decades, he gave a lecture called "How to Speak." His entire framework fits on a napkin. Do not read. Be in the image. Keep images simple. Eliminate clutter. Start with an empathetic connection. End with a punch line the audience can repeat over dinner. Never open with a joke. Never end with "thank you." That last rule alone has probably cost the executive coaching industry a hundred million dollars. "Your success in life will be determined largely by your ability to speak, your ability to write, and the quality of your ideas. In that order." That is the actual opening line of the lecture. Winston believed it strongly enough to spend fifty years teaching computer scientists how to talk. Founders spend $80,000 on an MBA and then hire a communications coach to teach them the same material Winston filmed once for free. Engineers write brilliant code and lose promotions to teammates who watched this lecture on the train. The lecture is free on MIT OpenCourseWare. The textbook is free on his page. Winston died in 2019. Almost none of the ten million viewers have actually implemented the four rules on the napkin. The napkin is free. The willingness to actually use it in your next meeting is the entire edge.
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Aditya Pachwaria retweeted
Manipulations during CAS. SEBI investigates but will it find anything? Does it even matter? The regulator shall see what ought to be. Looking in the wrong direction here?
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Aditya Pachwaria retweeted
Sharing my views on how CAS is impacting option traders. From indicative prices and spoofing risk to sudden premium resets and execution disadvantages. Would be interested to hear from traders who have experienced these issues firsthand.
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Aditya Pachwaria retweeted
A single particle can be in two places at once. Not a metaphor. The actual fact the entire quantum machine is built on. Leonard Susskind stood at a Stanford chalkboard and spent 96 minutes on it. 1.4 million people watched. Almost nobody connected it to their money. So connect it. That same strangeness, one system holding many states at once, is how a quantum computer tests every factor of a number in a single shot. And factoring one number is the only thing standing between a stranger and every bank account on earth. RSA locks all of it. Easy to multiply two primes. Impossible to pull them apart. Until a machine that walks every path at once turns impossible into an afternoon. Superposition is not a party trick. It is the crowbar. Susskind hands you the physics for free. Funds pay $400K for people who understand it. Wall Street is already tearing out its locks because of it. 1.4 million saw the lecture. The ones copying your encrypted data right now were just the few who understood what it meant.
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