One mistake many traders make is treating support and resistance as exact levels.
Professionals view them as reaction zones where buyers and sellers fight for control.
Wait for price confirmation before taking the trade.
The level doesn't matter. The reaction does.
This is our old PAJERO, bought by my big brother in 2010.
Driven only around 75,000 km to date, he doesn’t drive it much nowadays—just takes it out once every weekend for a 25–30 km long drive.
He doesn’t even let anyone else drive it. 😄
He washes it himself every day for around half an hour.
The kind of love he has for PAJERO can’t be measured in kilometers driven.
And honestly, it still looks amazing and shines like it was bought yesterday.
#Pajero #MitsubishiPajero #Mitsubishi
People will tweet #rollbackCAS, but they will not reduce trading volume as protest.
Like increased #STT got digested, all will be used to with #CAS as well.
Remember politicians won't listen, unless their vote bank is affected. Similarly broker, Exchange will not take trader seriously, unless volume is impacted.
To my little #TwitterFamily I will request you,
1. Reduce numbers of trades (less positioning)
2. Reduce number of orders in same trade (less adjustment)
3. Reduce sources from you get ideas
If you check at end, brokerage, tax, fee takes significant wealth from your pocket. #OptionsTrading is no more zero sum game but a possible financial death trap those who don't take it as business & plan properly.
Before punching next order, think all about this.....
Near my home, there is a small welding shop..
I was thinking that they should go for IPO as a precision engineering company... they would get minimum 100 PE.
Social media has made the term 'precision engineering' a joke !!
India has so many athletes who, with the right support, can bring home so much glory for the country. But there's often a big gap between the kind of training and support an athlete needs and what they actually get. A better coach, a good diet, a proper rehab routine can take someone who is already extraordinary and make them even better.
This kept coming up in our discussions at @Rainmatterin. That's when we found the good folks at @OGQ_India (Olympic Gold Quest). What they've built is incredible. They support athletes with everything: coaching, sports science, nutrition, rehab, equipment, and even a monthly stipend so athletes can train without worrying about money.
And the results show. 13 of India's 21 medals in the last four Olympics were won by athletes supported by OGQ.
At the ongoing Commonwealth Games, three of India’s six gold medallists so far are OGQ-supported athletes. 10 Indian boxers have reached the finals, guaranteeing India 10 medals, each silver or better, and seven of the finalists are supported by OGQ.
All the credit goes to the athletes and the OGQ team. Makes me super happy that we get to support them in a small way.
For public record ,
I did criticise the BJP GOI , minimum 100+ times for the corruption in GST department, Income tax and higher taxes on capital market & corruption in various department.
I make less money due to higher STT and Higher taxes .
Direct hit on me and my companies , losses are huge .
But never abused .