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By far this is the best explanation about what it takes to be a successful trader. 👏👏
I just upgraded to #ChatGPT4 paid version. This is really super cool. As a trader who spends maximum amount of time with data analysis, this tool really saves a lot of time and effort. Absolutely in love with it. Few years down the line, the one who has the right skill set of getting what he wanted from AI could tremendously outperform his peers.
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Decades ago, China and India's GDPs were neck and neck, reflecting their similar starting lines post-independence. But as we fast-forward, China's meteoric rise to a trillion-dollar economy is a masterclass in economic reform and investment. Meanwhile, India's progress, though significant, trails, underscoring a need for a similar strategic leap. #ChinaVsIndia
In this video, I have explained how to use ChatGPT4 to analyse historical data of Nifty.
https://youtu.be/QVuxnosg2dU
https://youtu.be/QVuxnosg2dU
Today is not BankNifty expiry, monthly expiry happens on last Thursday of every month. Tomorrow is BankNifty & Nifty expiry. Plan your trades accordingly.
If there is one quote that had a profound impact on me is this one from Charlie Munger.
“Knowing what you don’t know is more useful than being brilliant."
#RIPCharlieMunger
“Knowing what you don’t know is more useful than being brilliant."
#RIPCharlieMunger
How to Manage Your Risk
https://youtu.be/yUopkqs3NL4
https://youtu.be/yUopkqs3NL4
YouTube
How to Manage Your Risk
Do you know that even with a profitable trading strategy,people can go broke if they don't know the optimal risk per trade? You should know how many lots you should take in a trade,so that probability of hitting max drawdown will be lesser. Risk of ruin helps…
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When volatility is extremely low, possibility of black swan event goes high but in order to capitalise it, we need to go through series of small losses. Nikhil Kamath explained it well about how Naseem Taleb handles the black swan events.
Everyone have access to Trading Strategies now but still there is something everyone one of us miss. I learnt what it is after wasting 5 years of my life in it, I have shared my mistakes & learnings in this video.
https://youtu.be/nzfyr9CA-Xs
https://youtu.be/nzfyr9CA-Xs