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Popular advice, don't watch TV
My take,
Obviously if u are algo or systems guy, u should not watch TV or even your fluctuating MTM on screen
For everyone else, TV is the biggest free tool u can use for your trading.
Obviously trading calls/advice is useless but that's just
My take,
Obviously if u are algo or systems guy, u should not watch TV or even your fluctuating MTM on screen
For everyone else, TV is the biggest free tool u can use for your trading.
Obviously trading calls/advice is useless but that's just
1% of TV.
what about rest of it?
How many of us know about LTRO or OMO?
Watch TV everyday esp events like RBI policy and within few months all terms will start making sense to u.
Oh u don't need these terms for ur banknifty straddle. Is it?
Sooner u realize that every thing
what about rest of it?
How many of us know about LTRO or OMO?
Watch TV everyday esp events like RBI policy and within few months all terms will start making sense to u.
Oh u don't need these terms for ur banknifty straddle. Is it?
Sooner u realize that every thing
Is interconnected, better off u will be as a discretionary trader.
Entire giant financial machine is interconnected with butterfly effect
In every dealing room /treasury /fund house there are many TVs visible to all dealers.
Many of the CFOs in corporate world have TV
Entire giant financial machine is interconnected with butterfly effect
In every dealing room /treasury /fund house there are many TVs visible to all dealers.
Many of the CFOs in corporate world have TV
In their room. Why? I will come to that.
20 yrs back, I was briefly working for a guy who was managing 200 Cr of his money, and a small PMS.
Small team of 6 people in CP Delhi.
All day, main guy used to watch TV, no charts, no algo, no backtest. And he used to take 5-7 trades
20 yrs back, I was briefly working for a guy who was managing 200 Cr of his money, and a small PMS.
Small team of 6 people in CP Delhi.
All day, main guy used to watch TV, no charts, no algo, no backtest. And he used to take 5-7 trades
A day. Never told us, what he watched, but in his trades he was a short seller mostly.
Three major events, I remember from my trading where I made money purely by watching TV
1. Our fighter pilot Braveheart abhinandan was captured, nervous conflict, Election time, Pakistan
Three major events, I remember from my trading where I made money purely by watching TV
1. Our fighter pilot Braveheart abhinandan was captured, nervous conflict, Election time, Pakistan
Our Govt gave its position that release of Pilot was non-negotiable, and India will not give in to any kind of swap or blackmail, ( any prisoner or spy swap would have been disastrous for BJP election prospects)
CNN n BBC reported that India was forward mobilizing forces
CNN n BBC reported that India was forward mobilizing forces
Probably as a way to put pressure.
So every currency trader was watching news closely
US president Trump was in Vietnam meeting North Korea dictator Kim
His much talked about press conference was scheduled at 4pm India time. He was expected to talk abt US North Korea
But
But
So every currency trader was watching news closely
US president Trump was in Vietnam meeting North Korea dictator Kim
His much talked about press conference was scheduled at 4pm India time. He was expected to talk abt US North Korea
But
But
He started the press conference with
INDIA PAKISTAN, he said, how we are going to have some very good news by tonight, implied all because of him
Immediately #USDINR took a nose dive.
That night Pakistan announced unconditional release of our Braveheart Pilot.
INDIA PAKISTAN, he said, how we are going to have some very good news by tonight, implied all because of him
Immediately #USDINR took a nose dive.
That night Pakistan announced unconditional release of our Braveheart Pilot.
I made so much of Money in that last hour and o/n #USDINR position.
Other two stories later on.
Here is that Trump press conference, In a third country he opened it with India-Pak.
Watch first 2 mins
Other two stories later on.
Here is that Trump press conference, In a third country he opened it with India-Pak.
Watch first 2 mins
