The Indian government is currently withholding final approvals for ALL satellite internet providers due to pending security assessments & final spectrum allocation frameworks. Despite early approvals like GMPCS licences and IN-SPACe authorisations, no commercial services have been cleared to launch. The delay impacts three entities that hold early authorisations to operate in India:
1Starlink (SpaceX)
2Jio Satellite Communications (Reliance Industries)
3Eutelsat OneWeb (backed by Bharti Airtel)
Hello oligarch, where art thou?
PS : all information gathered via the very helpful Grok :-)
Thread of my notes taken of Mark Minervini David Ryan webinar - 11 deadly trading mistakes & how to avoid them - September 2021
Screenshots of slides belong to @markminervini
If you want to be a great trader, don't focus on money... focus on sticking to sound rules. Focus on perfecting a sound plan.
Can you religiously cut your losses, protect profits, avoid extended risky stocks, avoid dog shit beaten up stocks, sit out as long as it takes during volatile markets, and never add to a losing position??? Can you? No exceptions, ever!!!
WILL YOU???
When you can say yes to EVERY ONE of those questions EVERY DAY for AT LEAST ONE YEAR, then, and only then will the door to consistent superior performance open up for you. Until then, great performance will be nothing more than a hit or miss affair, and at some point you will think to yourself "maybe I don't have what it takes."
No! No!! No!!! You just haven't fully committed to a style and developed a sound plan. You just haven't abandoned all your bullshit excuses!
With one decision, in an instant that can all change today. Commit to trading like a champion. Decide to decide... today!
https://t.co/JXzFFTmMtn
For those who pursue trading as a BUSINESS & NOT as a hobby or entertainment, trading in a volatile market is not recommended. Sit out of mkt & go through old trades, read books or just take a vacation. This is how trading in volatile mkt actually turns out for 99.99% traders
Fundamental analysis is just a small part of investing
Chart analysis is just a small part of trading
They r important but not too be obsessed abt.
More important is getting the timing right - trade/invest big when stocks are working and stay light when stocks struggling
@markminervini I am consistently profitable in USIC since last year with minimal drawdowns.
Thank you, sir @markminervini , for everything.
Your books are the best! You're the best in the business—both as a trader and a teacher.
Gratitude 🙏
Government could have incentivised people to invest in fixed deposits by making say Rs.1 lakh per annum interest as tax free.
Banks are paying abysmally low interest on SB Accounts. Government could have asked banks to offer decent interest rates.
When both the stock exchanges were encouraging F&O and created weekly expiries, government meekly kept quiet.
When STT income for government hit the roof, due to F&O trading, same government celebrated tax collections.
Forgetting their roles; Prime Minister, Home Minister and External Affairs Minister were cheering stock markets during election rallies.
Prime Minister said that a buoyant stock market is a reflection of a roaring economy.
It would be a big bull market post June 4th, said none other than Prime Minister and Home Minister.
Now today, a day before budget, suddenly the government has woken up to perils of speculation. The concern is right. But it is the government which created today's situation.
3 risk-management measures that ensured I didn't take a big hit today when smallcap index crashed 8%:
1. Adding pf exposure incrementally (as and when old position show progress)
2. Sticking to stops on existing positions
3. Buying stocks liquid enough for me to sell at my stop