Remind myself not to categorize things as too "high" or "low" and take mean reversion trades. Focus on identifying what's "expensive" or "cheap". Latter always considers the concept of Carry. It's crucial not to overlook Carry in trading decisions.
The news about import duties on gold and silver going up to 15% came late last night. The interesting thing: neither open interest, prices, nor volume in Gold and Silver showed any unusual moves in the hours leading up to the announcement.
If this had happened in the United States, I’m fairly sure some of the people close to the decision-making process would have found a way to trade it, either through regulated futures markets, other derivative contracts, or prediction markets like Polymarket and Kalshi.
We’ve seen versions of this with crude. And during the Iran conflict, too, there were all these reports and allegations about people around the government trading through futures, contracts, and prediction markets before or around important announcements.
It’s kind of insane how casually people in power seem to monetize privileged information. At some point, this stops looking like “market participation” and starts looking like blatant insider trading with better branding.
Just another reason why Indian markets, despite all their flaws, are far more tightly controlled in these grey zones than many Western markets.
Price correction feels way better than time correction with price in a tight range. Just hammer nifty to 18k so that I can shop, pledge and also use leverage to catch the next trend, instead of being cooked by prices being in a tight range for a long time
if her absence brings you peace, you did not lose her.
you lost the idea of her. and ideas are never worth the grief you were preparing to spend on them. but if her absence makes you someone you did not know you were capable of being. if the missing of her builds something in you instead of collapsing it. and if you find yourself more honest, more awake, more alive to the specific texture of the world because she taught you how to feel it even after she stopped being in it.
that is when you won.
if someone asks what’s your purpose, who you are loving now that she is gone. and if you answer ‘it’s still her’. that you’re still running around the jungle just to get back to her. she didn’t just built you, she got inked in your heart.
you won, son.
absence is not the end of love. it is love stripped of everything except what was always real. and what remains after everything else has been removed within you is the only part that was ever worth calling her by your name.
Why the black pill, one needs some sort of delusion to make it big. “Let the poor young man in his desperation go and hunt the elephant. If he kills the elephant, his poverty ends. If the elephant kills him, his poverty ends.”
Need very low transaction costs like e-minis (S&P 500). Someone pls tag that clown NSE CEO Ashish Chauhan as I’m blocked by him. @nsitharaman@FinMinIndia@SEBI_India@NSEIndia
Instead of creating environment where index futures trade 23 hrs a day (Need of the hour in these times), like other global markets, you’ve killed the futures market via STT hike with your pea brained understanding of derivatives @nsitharaman@FinMinIndia@NSEIndia@SEBI_India
Instead of creating environment where index futures trade 23 hrs a day (Need of the hour in these times), like other global markets, you’ve killed the futures market via STT hike with your pea brained understanding of derivatives @nsitharaman@FinMinIndia@NSEIndia@SEBI_India
Warren Buffett: "If I can add 1% or 5% to my net worth by being around people who make me want to throw up, I'm not interested."
"If you go into business with somebody who causes your stomach to churn, I say that's a lot like marrying for money. It's probably not a very good idea under any circumstances, but it's absolutely crazy if you're already rich."
I am sorry but I am a bit tired of pessimism that has been floating around. I try to make my timelines unbiased but may be it got a certain bias creep over time. Cliches first - India will continue to disappoint both optimists and pessimists. Everything and its opposite is true