In the fall of 2018, I signed up for a class called "Introduction to the Stock Market and Technical Analysis" taught by Dr. Eric Wish

This class changed my life.

Here are 10 Lessons Dr. Wish taught me from his over 50 Years of Trading.

(Thread)

Before this class I had absolutely no knowledge about investing, trading, or how to read a stock chart

Today, trading & studying the commonalities between the greatest performing stocks is my passion, and what I’ve spent the past 1000+ days focused on

Now onto the first lesson

Financial Literacy

The first lesson Dr. Wish taught me was the importance of overall financial literacy.

Roth IRAs, interest rates, budgeting, building credit the right way.

You need to master money management before thinking moving on to trading/investing.

Overall Strategy

Throughout the class, Dr. Wish repeated his trading mantra.

As you gain trading knowledge and experience, you'll appreciate the simplicity and depth of this one sentence:

Determine the Market Trend

The vast majority of stocks follow the overall trend of the market. This is why the mantra begins with “In a Rising Market”

"At least 50% of the whole game is the general market."

-William O'Neil

#SRF futures #MomentumStock #MomentumScanner
CMP 2764
On P&F charts 0.25% boxsize - looking bullish continuation patterns
@PRANAV_DOSHI @pradytrader1 @flyingvikas129 @sortingthings

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Automotive Ancillaries Business Model 🏎️ (RT if beneficial)

A Thread 🧵👇

1/ What is an Auto Ancillary?

Well, a modern car requires 10s of thousands of parts; the OEMs that produce these cars don't make most of the components in-house. That's where auto ancillaries come into the shot.

From Seats to locks to braking systems, we have them all.

2/ Sounds simple, right?

Not really, the supply chain management one has to deal with as an OEM is extraordinarily complex.

The technical know-how required in every part of the chain is unique; leading to focused players with high market share.

3/ Auto Ancillaries with 20%+ market share in India or 5%+ market share Globally (Src: @Tijori1)

See, normally market share consolidation is common with time; Why is it so?

4/ High capital requirements: What makes this a moat is also why this biz is gruesome.

You as an ancillary, do the development today, you put the capacity today (~take multiple years); then wait on the hope that OEMs are able to sell vehicles. Now, Imagine a recession.

As investors, we need to qualify the companies in our portfolio.

If they don't meet our cut, we don't invest in them.

Apart from the eventual/current profitability and strong balance sheet, growth is my top requirement.

Here's why:

1/ If a business does not grow, its share price will not grow.

In a corporate lifecycle, a company experiences most growth during its expansion phase. That's where most returns are being created.

This is why high growth companies deliver huge returns.

source: Ravi Kumar

2/ The compounding of growth rates is often underestimated.

It can do wonders for your company.

Growing at 30% turns $1 to $13.79 by Y10.

Growing at 10% turns $1 to $2.59 by Y10.

The share price returns a company can generate based on this is significant.

3/ Here's an example: Crowdstrike $CRWD

It grew its ARR from $71 million in 1Q 2018 to $1,731 million in 4Q 2022.

The magic of compounding.

4/ Simple Back Test

I used my Capital IQ to find out what are the stocks that delivered more than 10x returns in the past 5 years and have at least a market cap of $600m USD.

There are 13 companies.

$APPS $XPEL $TSLA

Marketing 101

How to build a brand strategy from 0-1: a guide for startups

// 🧵

Reminder: brand strategy should be done WITH your Head of product and Head of Ops vs presented to them.

This creates buy-in and alignment on why this is important from day 1.

Brand strategy is NOT a marketing plan.

Brand strategy is WHY you will win.

Marketing plan is HOW: levers you will pull to hit your goals.

Step 1: Review Competitive Landscape

Do tear downs.
Understand leading value props.
Interview users of your competition to understand what’s working, what’s not.

Know who the players are and where they play vs where you will play.

Step 1b: Create your “ONLY” statement

Complete this sentence

We are the only brand that does x, y and/ or z.

Are you better, faster, cheaper? What makes you different and how would you say that efficiently.

Michael Jordan. Kobe Bryant. D Wade.

3 killers… but 1 man behind the curtain.

Performance coach & mindset engineer — Tim Grover.

I spent hours studying his stuff…

Here are 7 key lessons for developing killer instinct, dominating the competition & coming out on top.

👇

1 / Be Relentless

Success isn’t as complicated as most people think.

In fact, Tim boils it down to one simple trait: relentlessness.

For some…it’s innate. But for the rest of us, it’s a choice.

But what exactly does it mean to be relentless?

2/ Lose “Good Enough”

Over the years, MJ racked up quite a few championships.

But every off season he had one goal: to get better.

Why?

For winners, “good enough” is not an option.

Being relentless means committing to endless improvement —even when you’re winning.

Put it to practice:

Every time you achieve a goal, schedule a check in.

Ask yourself:
- Where did I fall short?
- What’s my next advantage?
- Where am I phoning it in?

Winners don’t get complacent with small victories…

Identify the next opportunity & pounce on it.

3/ Cooler, Closer, Cleaner

Grover has a simple framework for categorizing competitors:

1. Coolers: Avoid confrontation
2. Closers: Follow you into battle
3. Cleaners: Start the war, then finish it.

Metaphors aside, Cleaner’s win. And they win big.

Which one are you?

A remarkable paper about India has come out today from the IMF. Its findings are mind-blowing. Since this is about India's success, and particularly that of the present dispensation, many are avoiding it altogether.

Here's a thread about the paper and why it's being ignored.

The image below contains certain highlights of the paper. Among them, extreme poverty (PPP$1.9 per person per day) was below 1% in 2019 and 2020 (pandemic year) in India! A low percentage in extreme poverty for 2 consecutive years is considered as elimination of extreme poverty!

To begin with, we have this fantastic achievement of extreme poverty being eliminated. Moreover, it is sustained in the pandemic year! How? Pradhan Mantri Garib Kalyan Anna Yojana- food grains provided to the poor through India's Public Distribution System during the pandemic.

Why is this not the biggest issue being discussed today? Three reasons.

One, the usual suspects can't question the IMF's credibility.

Two, Arvind Virmani, one of the authors of the paper was CEA under economist PM Manmohan Singh. Again, who's credibility will you question?

Three, the Garibi Hatao slogan from the 70s, which has shaped the outcome of so many elections, is slowly and steadily becoming a non-isssue. Of course, there's a long way to go and only extreme poverty has been eliminated. But it's happening nonetheless. And under whom?

8 Powerful Lessons from the book "Antifragile"

1. The book is about decision-making under uncertainty/volatility.

- EVERYTHING either benefits or is harmed by volatility
- The FRAGILE is harmed (think a glass)
- The ROBUST is unchanged (think The Phoenix)
- The ANTIFRAGILE gets better (think The Hydra)

2. Via Negativa:

Removing is superior to Adding

- Less can be More
- Don't add, subtract
- Eliminate the Artificial
- Eliminate the Unnatural
- Eliminate the Unnecessary
Apply these in all areas of your life.
When in doubt, SUBTRACT

3. Absence of evidence is NOT evidence of absence"

Just because...
- you can't see something doesn't mean it's not there
- something is unintelligible doesn't mean it's unintelligent
- you can't explain something doesn't mean it's not important

-->Have HUMILITY

4. If you have more than one reason to do something, just don’t do it.

It does not mean that one reason is better than two, just that by invoking more than one reason you are trying to convince yourself to do something. Obvious decisions require no more than a single reason.

Detailed thread as I promised to RIDE THE TREND with super ease✅

Do read fully as it starts from basic to end & can be long one...

Do retweet & like as this is yrs of my hardwork in few tweets (1/n)

1) For riding trends, first you have to understand trends - Here is how a complete cycle of stock looks like..Stock has 4 stages...We need to be in 2nd one to make money.
Now here we go deeper into stage 2 (2/n)

2) Any stage 2 has phases as this is not a linear journey but the stock will set up multiple bases in between...Below is the example of Balaji amines that highlights how the stage 2 in reality looks now.....

3) So a Stage 2 has periods of bases in between which are the typical resting period for digesting earlier gains. Theoretically looks like this..Stage 2 then a base within stage 2 and stage 2 resumes....

4) The real question is how to ride trend between the bases peacefully so that we don't have to wait in consolidation.

Koluvu Srinivasa Perumal - Bali Beram at Lord Sri Venkateswara Swamy Temple, Tirumala, Tirupati.

Bali Beram / idol is known as Koluvu Srinivasa Murthy or Lekhana Srinivasa Murthy in Tirumala.

This idol is made of five precious metals and resembles the silver idol of Bhoga Srinivasa Murthy.
A court (Koluvu) is held in the Snapana Mandapam on the golden throne supported by sculptured lions every day after Tomala Seva before the Archana.

In this court, Koluvu Srinivasa Murthy is offered royal felicitations with chatra (the royal umbrella) and chamara (a fly-flap) befitting an emperor.

The particulars of tithi (the number of the day in a month), vaara (weekday), and nakshatra (the presiding star) of the day are read from the Hindu Calendar (Panchanga Shravanam) along with the income and expenditure statement of the earlier day to this deity.

Obviously, Koluvu Srinivasa Murthy is regarded as the supervising authority of the temple’s income and expenditure.
Hare Srinivasa!
Govinda Hari Govinda!

When I look back at my chartbook - get only one lesson.

Never ever book your profits at the target. Trail the stock till it goes. For LT investors, long-term charts with MA. Targets are to calculate the R:R ratio at the buy point.

Tata Power

8 March 1679 - The date on which 300 saffron clad warriors gave their life to protect temples from mugal army. Thread➡️
Aurangzeb's huge army, which was adorned with artillery, elephant and horses, under the leadership of Commander Darab Khan had marched to punish the ruler of/1

Khandela Raja Bahadur Singh, who became a rebel due to the anti-Hindu policies of Aurangzeb, and to destroy the temples of Shekhawati. Bahadur Singh to compete with such a large army, vacated Khandela for the purpose of conducting guerilla warfare and went Kot Sakrai /2

located in the inaccessible hills of Sakrai. People of Khandela also vacated Khandela and hid in nearby villages.

But some Shekhawat warriors did not like this as they knew that the royal army would not leave a single temple located in Shekhawati unbroken./3

so soon the teams of self-sacrificing Dharma-protectors Shekhawat heroes started reaching Khandela to protect the Dev temples.

Sujan Singh Shekhawat, the young thakur of Chhapoli, was coming back from his wedding when he heard about the imperial army from Shepherds./4

झिरमीर झिरमिर मेहा बरसे,मोरां छतरी छाई |
कुल में है तो आव सुजाण, फोज देवरे आई ||

if you are born in your glorious clan, then come, the army have come to destroy temple. /5

HDFC Bank has announced a merger with HDFC Ltd

What does it mean for the banking system and the shareholders of both companies?

A thread🧵explaining the pros and cons of the merger.

Hit "Retweet" to educate maximum investors

Lets go👇

(1/19)

What is happening?

HDFC Bank will take over HDFC Ltd....effectively making a huge bank

25 shares of HDFC ltd will receive 42 shares of HDFC Bank.

(2/19)

Potential to be India's largest Bank?

HDFC Bank+HDFC total size=18 lakh crores
SBI total size=26.5 lakh crores

With steady loan growth over the next 5 years....surely HDFC Bank will become the largest bank

(3/19)

Housing Finance is a big opportunity and the missing puzzle in the HDFC Bank armor:-

Over the past year ICICI scored big time on HDFC Bank due to rapid growth on home loans.
ICICI clocked up about 24% loan growth while HDFC Bank did not have a home loan portfolio.

(4/19)

So why merge now?

The regulatory arbitrage b/w Banks and NBFCs is slipping away:-

The IL&FS crisis hit the economy really hard.

Since then the RBI has taken various steps in NBFCs:-
1. Asset classification norms for NBFCs have been moved at par with that of banks.

(5/19)

"Brahmins are not a privileged caste""
By Kanchi Paramacharya.

It is alleged that Brahmins created the dharmasastras for their own benefit. You will realise that this charge is utterly baseless if you appreciate the fact that these sastras impose on them the most stringent rules of life.

If anyone criticises a judge he will be charged with contempt of court. People who call themselves democrats and socialists have managed for themselves special allowances, special railway passes, etc, that the common people are not entitled to.

In contrast, the Brahmins who have preserved the dharmasastras have bound themselves to vigorous discipline, roasted themselves, as it were, in the oven of ritual practices. If the Brahmin's purity is affected by someone he punishes himself by bathing and fasting.

The Brahmin must be conversant with the fourteen branches of the Vedic lore. He must be proficient even in Gandharva-veda or music and must be acquainted with agricultural science, construction of houses, etc. At the same time he must give instructions in these subjects to pupils

Sam Walton died with a net worth over $25 billion.

But years earlier, an unforeseen threat left him with NOTHING.

Here's how to identify & neutralize risks coming for your business:🧵

Sam Walton built Wal-Mart from concept to the largest retailer on earth.

With $559B in sales & over 2.3M employees (2021), the magnitude of his creation is hard to comprehend.

But all of this success isn't random, it can be traced back to a turning point in 1950.

5 year earlier, in 1945 Walton purchased a Ben Franklin Variety franchise in Newport, Arkansas.

Undeniably ambitious, his goal was to have the most profitable Ben Franklin within 5 years.

He smashed his goal & earned $250K in revenue with $40K in profit ($400K in 2021).

With 4 young kids, a loving wife, and a thriving business, he had it all.

Until he didn't.

In 1945, an eager Walton signed a 5 year lease with an opportunistic landlord.

It had no option to renew -- Walton had unknowingly handed the landlord leverage.

Then in 1950 with the lease expiring, Walton received unexpected news.

The landlord would not renew at ANY PRICE.

Impressed by Walton's success, the shark-minded landlord used his leverage against him.

நமக்குத் தெரிந்த கோவில்களில் சில விஷயங்கள் நமக்கு தெரியாமல் உள்ளன. அவை:
1. சோட்டானிக்கரை பகவதி அம்மன் ஒரு நாளுக்கு மூன்று வித ஆடைகள் அணிந்து மூன்று வடிவங்களில் காட்சி தருகிறாள். காலையில் வெண்ணிற ஆடையுடன் சரஸ்வதி தேவியாக, உச்சி வேளையில் செந்நிற ஆடையுடன் லட்சுமி தேவியாக, மாலையில்

நீல நிற ஆடையில் துர்க்கா தேவியாக காட்சி தருகிறாள். இந்த மூவகை தரிசனத்தைக் காண்பவர்கள் நினைத்தது நிறைவேறும்.

2. மதுரை மீனாட்சியம்மன் கோயிலின் கீழ் கோபுரத்தின் நடுவிலிருந்து மேல் கோபுரத்தை நோக்கி ஒரு கோடு போட்டால், அது சிவலிங்கப் பெருமான் வழியாகச் செல்லும். அது போல் வடக்கு -

தெற்கு கோபுரங்களுக்கிடையே கோடிட்டுப் பார்த்தால், அது சுந்தரேசர் சன்னதியை இரண்டாகப் பகிர்ந்து செல்லும். இந்த அமைப்பு அக்கால சிற்பிகளின் அபரிமிதமான திறனை வெளிப்படுத்துகிறது.

3. திருவண்ணாமலையிலிருந்து 16 கிலோமீட்டர் தூரத்தில் உள்ளது தேவிகாபுரம். இங்குள்ள பொன்மலைநாதர் கோயிலில் அருள்

பாலிக்கும் கனககிரீஸ்வரருக்கு தினமும் வெந்நீரில் அபிஷேகம் செய்கிறார்கள். காலையில் இரண்டு மணி நேரம் மட்டுமே பூஜை செய்வார்கள். சிவராத்திரியன்று விசேஷ பூஜைகள் உண்டு.

4. 108 திவ்யதேசங்களில் முதன்மை ஆலயமான ஸ்ரீரங்கத்தில் பள்ளி கொண்டுள்ள ஸ்ரீரங்கநாதப் பெருமாளுக்கு அமாவாசை, ஏகாதசி,

மாதப்பிறப்பு ஆகிய நாட்களில் வெந்நீரால் அபிஷேகம் செய்வார்கள். வேறு எந்த திவ்ய தேசத்திலும் இதுபோல் செய்வதில்லை.

5. கும்பகோணம் நல்லம் தலத்திலுள்ள ஆலயத்தில் நடராசர் சுயம்பு வடிவில் காட்சி தருகிறார். இவர் கையில் ரேகையும், காலில் பச்சை நரம்பும் நன்கு தெரியும். இவரை சற்று தொலைவில்

As Traders, Technical Analysis allows us to Judge Potential, Identify Accumulation, and Manage Risk.

It allows us to see through the noise and interpret price action.

Here is How To Read a Stock Chart For Beginners (Thread)

Let's start with the basics.

When you first pull up a stock chart you will see Price and Volume plotted versus time.

Each price bar represents one period of whatever timeframe you are on

Some people like candlesticks, I personally think Open/High/Low/Close (OHLC) Bars are more intuitive

For each bar/candle, the four important data points of each period are represented:

High
Low
Open
Close.

For each bar, we want to be able to determine whether buyers or sellers are in control and how much conviction they have.

To do this we use our tools: Price and Volume

Thing about turning a price Bar 90 degrees counter clockwise so the high is now on the left and the low is now on the right.

Then picture a game of tug of war with participants representing buying pressure on the left and selling pressure on the right.

You can find #Nifty50 weekly charts in this thread👇
~ 1st weekend of April

10. #Bajajfinance
~ Expecting consolidation in near term
Verdict : Avoid fresh position

It's time to run your inbox––instead of it running you.

12 powerful Gmail tips every user should know: 📬

Undo Send:

Don't tell me you haven't done it.

You clicked "reply all" on a message including your boss when you meant to only reply to your friend.

Save yourself!

With Undo Send, Gmail allows you to recall a message sent in error for up to 30 seconds after you click send.

Tie emails to Tasks:

Look, we're all busy.

When your inbox is filling up faster than you can handle, it's easy to forget to reply, miss an assignment, or just plain feel overwhelmed.

Connecting emails to tasks can help.

Get reminders, add details, subtasks, and more.

Schedule Send:

With schedule send, you can draft an email at a time that works for you.

Then schedule it to be sent at a time that fits your employees' and customers' day.

In the world of remote work, this is critical.

It's a win-win.

Work on your time, send on theirs.

Confidential Mode:

Sometimes you send an email you'd prefer not live on forever.

Better yet, you'd like it if the recipient wasn't able to save, copy, or forward to someone else.

With confidential mode, you can do just that.

Set expiration dates, require passcodes, & more.