Madan

Kiruba's Tamil YT channel is up after review @kirubaakaran A few people asked for it (after the channel went down), so here it is again😃

For all the folks who wanted a podcast in English, here you go: @BhavyaSVora @vishalmehta29 youtu.be/SDkgIGvtYfc?feature…

Looking fwd to it 😊

Good one - check this out Two key takeaways -- 1. "As a retail trader, embrace risk-premia harvesting strategies - learn to live with larger/longer drawdowns." 2. "Get better and bigger at trading long-term trends and momentum strategies"

It's been almost a year since I tweeted here Huge thanks to Kiruba for dragging me into his podcast series in தமிழ். It was super fun to do this one 😅 Hope you guys like it 😁

Until there is clarity on this interpretation, I would refrain from posting trading logs or verified P&L Happy trading all 🫡

I just wanted to share that I've heard from reliable sources and individuals with first-hand experience that SEBI may indirectly interpret Verified P&L as 'assured' returns. Without brokers providing Verified P&L, individuals cannot share it. It would be interesting to watch how things would unfold now😃 @zerodha

Personal biases and trading: ------------------------------ Many ask, " How can I avoid personal biases during trading and follow the market without any bias?" To remove our prejudices and allow the market to tell us what to do, we must 'give up control' 😊 We are designed to control situations/events/people naturally; thus, controlling 'how much' money to make from the markets will be an obvious/no-brainer option. However, to relinquish control, we must first abandon the belief that we control how much money we produce. To trade profitably, we must allow the market, not us, to determine profits. Profits are determined by whether our approach is successful or in drawdown mode based on market conditions, not whether we accurately predict the market 😀 Ultimately, the market determines profits through its movements. Please recognize that market professionals are not magicians. 99% do not profit from their predictions, but the 1% who do so for one reason only: they did not make money because they predicted the markets accurately but because they 'traded' the markets correctly (with sound trading principles). When discussing sound trading principles, we mean adept money management (MM), position sizing, and risk control. So, trade your approach (+ strong trading practices) and let the market handle the rest. Please understand that the market gives and takes away ₹₹. Our goal should be to implement a strategy/MM that generates more ₹₹ than subtracts. Think hard about it this weekend 👍

Pro trader attitude: Focused (on the trade only) Emotionally Stable (treat winning and losing the same) Disciplined (in trade management) Confident (in methodology & risk management) Objective (Unbiased) Patient (to wait for the opportunity & to maximize profit) FEDCOP 😊

Today - No trade day !! Maintaining daily updates of my trading journal online has become increasingly challenging due to my demanding/erratic schedule. Consequently, from now on, I have decided to hold off posting the daily P&L number (I don't post trade logs anyway). As usual, I will share the verified P&L at the end of each month(with the link). I will start compounding this account, and let's see where it goes in the next 3 yrs

The concept of "intuition" in trading is often debated by many traders. In my opinion, only a select few traders develop a genuine 'feel' for the market, which typically comes after decades of experience, rather than in the early stages of trading 😊 I am penning my thoughts and posting them as a pic !!

In the world of trading, seasoned professionals frequently outmatch inexperienced amateurs, resulting in the transfer of funds from the latter to the former. This occurs because amateurs often act on optimism rather than well-informed strategies, leaving their accounts vulnerable to being siphoned by more skilled traders. Over time, the wealth of undisciplined traders tends to flow toward the accounts of those who exhibit discipline and expertise in their trading practices. The concept seems too simple, but it works in any profession - consistency with discipline almost always comes ahead 😊 Of course, there are a lot of other things that make a successful trader (the timeframe to gauge success is at least a decade or two)

It is truly reassuring to get these kinds of gratitude emails after 2yrs of attending the webinar - very happy & excited 😊 Thanks to @yeswanthg12 for taking the time out to write this email even after such a long time It definitely, brought a smile to my face 😅

This article dates back to 2013, but it is nevertheless a very good one 😊 There is always a question in a newbie trader's mind - Does TA work, or is it just a fallacy? The article talks about a few successful TA practitioners. bigtrends.com/education/secr… Happy trading !!

No trade day and hence, no update!!

I had someone coming to my webinar for the third time this August, and I asked him why he wanted to return. Check out his reply He is doing well for himself (made 4+ cr this calendar year) and did well even the last time he emailed me Very happy to get these kinda emails 😊

𝗧͟𝗿͟𝗮͟𝗱͟𝗲͟𝗿͟ ͟'͟𝗦͟𝗲͟𝗹͟𝗳͟-͟𝗔͟𝗻͟𝗮͟𝗹͟𝘆͟𝘇͟𝗮͟𝘁͟𝗶͟𝗼͟𝗻͟'͟ ͟𝗧͟𝗲͟𝘀͟𝘁 Count your "Yes" 0: Congrats, You're doing GREAT 👍 1-2: OK, but you will get there 3-5: Not OK, you will have to change fast 6-10: Terrible, time to get your acts right . Pls comment yours

My inbox used to overflow with emails at the close of each fiscal year, but here's one that truly warms the heart. I'm thrilled to share that I now have a place to stay in Odisha 😊 Thanks Biswajit @Biswaji06358113

As mentioned earlier, I started trading Intraday today and had a mildly positive start 😊 1. Capital = 20 lacs 2. Max risk per day = 5% (but it won't go beyond 3–3.5% most of the time) 3. Compounding = NO (for the first 3 months, hence taking a higher risk on small capital) 4. Instrument = Nifty options buying only 5. Qty = 1000–1200 shares (depending on SL) as of June 3rd, 2024 and will stay the same until June 30th, 2024 6. I don't trade on Central Government election results day and, hence, will not be trading tomorrow 7. As I am trading a combination of Trend-following + Mean reversion, I will have trades almost every day (unlike my last Intraday trading compounding experiment) 8. I will share the Zerodha Verified P&L at the end of every month, depicting the last 30 days. I'm looking forward to seeing how it pans out!! P.S Dealer was a bit nervous when I told him I would be posting the trading journal online as an experiment, and I guess it will bring more accountability for him 😄