It is Flooding still at Annamalai Nagar, Thiruvotriyur, Chennai and water levels are increasing since last night, though the rain has stopped. Something wrong with the Puzha Dam or any other rivers nearby ?? 3 feet water still in most of the areas. #cyclonemichuang#ChennaiRains
Biases that distort our Decision Making:
1. Confirmation Bias - We interpret new information as confirmation of our existing beliefs.
2. Availability Bias - We tend to rely on information that comes to our mind easily/the quickest.
3. Action Bias - We favor action over inaction.
That's why we sell or buy prematurely.
4. Overconfidence - We overestimate our own knowledge and ability.
Often because we know too little to know better.
(Less knowledge => more confidence)
5. Survivorship Bias - This is a sample bias that occurs when we assess only successful outcomes and disregard failures.
What Biases do you struggle the most with?
#JustIn | All #trucks will need to have air-conditioned driver compartments beginning 2025, says Nitin Gadkari (@nitin_gadkari), Minister for Road Transport & Highways
This email hit my inbox like 2 weeks ago.
4 years of systematic trading (alongside a pressure cooker kinda job) is no joke. It's no mean feat, actually !!
Winners always figure out a way despite roadblocks. Teaching his partner to execute the trade - smart move 😊
@DeepikaBhardwaj@NCPCR_@KanoongoPriyank Very bad. Surprising to see such behaviours towards young kids who are treasures of each family. Strict action should be taken against those people.
Excuses - words we use to fill the gap between wanting something and achieving something
Exceptions - excuses we make to explain why other people succeed.
Excellence - what is achieved because we kept following a process/routine 😊
Have a great trading week ahead !!
For every bro who asks you to work 18 hours a day, 8 days a week & 500 days a year, always remember.
For most of the organizations, You are a cell in an excel sheet. If you go away, they will replace you in 2 days, and move on.
For your family, you are everything. They can't
Lower resting heart rate (HR) and its health-related benefits
1. My resting HR has reduced from 72 bpm (in 2020) to 42 bpm (in 2023); mainly due to consistent running (average mileage of 15 km/day in 2021; 12.6 km/day in 2022) and weight loss (28 Kg)
#running#fitness#longevity
Enter near a support or resistance. Yes, you might miss a trade or two. But there is always the next trade. Opportunity lost is better than money lost.
India just passed China as the most populous country in the world. Why?
Because of the biggest accident in history
Look at where people live in India. What's that band up north?
In practical scenario, how much faster do you reach your destination by driving at 130 kmph instead of 100?
-not much faster, you drive 130kmph for thrill, but exponentially higher risk of accident
Apply same logic to trading, no thrill needed, reach slower but definitely reach
Prevention of Diabetes is much easier and cheaper than treating it. You may not even need to see a doctor for it.
And the best part? You can even start working towards it from today.
#Diabetes