Subha retweeted
You @JustinTrudeau have done a great job. We don't know whether our country is behind Nijjar's killing. The way you accused us and acted desperately, common people like me has started believing India might have done it. And we are very proud of our Prime Minister who can hunt India's enemies abroad. Only west has been doing such things so far. Our Prime Minister has made India on par with west. We want him back in power in 2024. This is the new India you need to get used to.
Subha retweeted
Forget markets. Forget economy. Just invest every month in index for next two decades. You would be much better off than those who track markets and keep tweaking their portfolios.
Subha retweeted
Sixty-three years earlier, in 1960, U.S. Navy Lt. Don Walsh and Swiss oceanographer Jacques Piccard reached the Challenger Deep in a submersible called the Trieste. This was a monumental moment in the history of humanity. Challenger Deep in the Pacific is the deepest point on the earth, and no one had taken us to such depths before. My respect and admiration to these brave explorers for taking us to the lowest points of this incredible planet.
In many ways, many fake P&L scammers here are like that. When asked for verified P&L, they have diverted the topic to religion and caste of the people asking for the Verified P&L.
Thank you, scammers, for taking Fintwit to new lows.
Subha retweeted
Meet iPhone 15 Pro & Pro Max! Powered by A17 Pro, which ushers in a new era of Apple Silicon, these products unlock new performance capabilities, amazing photography, next-level gaming, and more. And with an all-new titanium design, they're our lightest weight Pro models yet!
Subha retweeted
A heartfelt appeal to the good people of Twitter. 🙏🙏🙏
I hate scams. It angers me when a scammer loots an innocent person of his life savings. Perhaps that is why when we got the chance, we implemented Verified by Sensibull. But there is sad news.
We can bust all the scams here, but we will not be able to save people till we go to Youtube and finish the scammers. Here is why, and here is what we can do
1. Twitter is a smarter crowd than YouTube. People here smell a scam from 10 miles away. Youtube has gullible folks who are fooled. Youtube is where scammers have their empires. Twitter is just an outpost
2. Youtube is not social media. It is a mass broadcasting platform where the content creators can delete comments. And scammers after getting busted in Twitter go to Youtube and just do business as usual
3. I repeat, every scammer who was caught with a fake P&L on Twitter has a thriving business in Youtube even now. Go their their channel and see yesterday's video's number of views, and how people comment "Sir aap bhagwan ho". The moment there is a negative comment that talks about fraud, they just delete it
What can we do?
1. Create awareness. What is awareness? The knowledge that most scammers are horribly incompetent. In politically correct terms, we must shine the light of knowledge. In politically incorrect terms, we must expose the frauds for who they really are. In the last 5 years, what has caused real damage to them is not the fear of regulation, but breaking the trust they have among gullible retailers. And breaking that trust that is simple - Verified P&L. Most of them are loss making. May be all of them are.
2. If your broker does not have verified P&L, ask them to implement it. Force them, pressurize them. No broker has a reason to not implement Verified P&L. A broker who truly cares about doing the right thing will implement verified P&L. And unless all brokers do it, there is no point - frauds will say this is marketing tactics by one broker
3. Comment on their Youtube channels about their frauds exposed. They will delete, but eventually they cant keep up if everyone does this. And some people will see. Mass report the Youtube channels for financial frauds and giving tips.
4. Most important - talk about it anywhere you can. Spread awareness about what happened here - tell them our stories - scams, scammers, about how P&L can be faked and P&L verification. Everytime someone is busted, share it everywhere - your social media, your get togethers, your offices, your apartment whatsapp groups etc. Heck, your family group mein there will be uncles following these scammers. They need to know. This is negative news, and will spread like wildfire. For a change, we need to do some good with negativity :)
Thank you. Please retweet this for greater awareness
🙏🙏🙏
Subha retweeted
PM Modi is luckiest Man alive, he has an opposition which in 9th year of his being in Power is mocking him for not drinking Alcohol 🥃 & not copying some random Western World habits on how to do 🍻 🥂 cheers.
This in a Nation where majority don’t drink & forget BJP, even Nitish Kumar in Bihar won elections on alcohol bans.
Gazab.
Subha retweeted
“SEBI’s job is to remove ignorance from the markets and not stupidity,” from Sandeep; if I had to summarise this conversation in one sentence that @abidsensibull and I had with @SandeepParekh on SEBI's consultation paper on regulating influencers.
I guess our job as brokers is also the same, which is the reason why we launched Verified P&L and spend time trying to educate users on all things trading and investing through @ZerodhaVarsity, etc. But the onus is also on investors to be financially aware, have the right expectations, and be skeptical of get-rich schemes and ridiculous claims.
youtu.be/6-Cx6Dg0xHs?si=8ofx…
Subha retweeted
We launched verified P&L at @zerodha to bring accountability, given all the fake P&L screenshots and videos shared on social media to peddle courses, advisory, trading accounts, & other financial products.
The idea was that if someone shared a screenshot or video of the P&L, the audience could demand a verified P&L link. Since the P&L is served directly from our side, there is no way to tamper with it.
By the way, a screenshot or video of the verified P&L page can still be tampered with, but there is no way to tamper with what appears when you click on the verified P&L link.
Thanks to Verified by @BeSensibull, which validated any single-day P&L and then our verified P&L feature, there has been a drastic drop in the number of people sharing screenshots and videos on social media platforms. So, it has worked as intended. Hopefully, other brokers will also offer a similar service to bring accountability whenever someone makes P&L claims.
One issue we have spotted with the verified P&L page is that people are cherry-picking dates to show when they were profitable. We have now disabled the custom date range option, and anyone sharing verified P&L can select the last 30, 60, 90, 180, or 360 days.
To know more, check out the support article for Verified P&L on our website.
Subha retweeted
@Nithin0dha @zeordha please stop giving brokerage percentage to the person who is referring. All problem will be solved.
Subha retweeted
I still have that image in mind of Sivan crying. He was there too.
#Chandrayaan3 is such a super example of inverting the problem and succeeding. ❤️🇮🇳
Subha retweeted
We just received the final approval for the @ZerodhaAMC we are building in partnership with @smallcaseHQ.
Our motivation to start a mutual fund was twofold. The first was that the biggest challenge and opportunity for Indian markets is the shallow participation. Even after all the growth over the last 3 years, we only have maybe 6-8 crore unique mutual fund and equity investors put together.
The second was that if we had to bring in the next ten million investors, they needed simple products they could understand, and mutual funds were a perfect instrument. We aim to be index-only and create simple funds and ETFs that all investors can understand and invest in for all their goals.
I'm also excited that @vishaljain2510, who's been part of the entire passive investing journey in India from day 1, has joined us as a CEO to build the AMC. So yeah, keep an eye out for our first NFO 😀🤞
Subha retweeted
I am greatly worried, the country is in a bad condition, it is going through a very critical situation.
Go to the vehicle showroom, there is a long waiting period of more than six months on every new model.
There is a long queue & no empty table in many restaurants! Line doesn't end at liquor shops and demand isn't less for chicken either.
In Shopping malls there's no parking space... they are so crowded! Waiting outside the trial room is a test for patience.
In the period of booming online shopping, there is no place to step foot in the markets in the evening even on a working day... traffic jam are s constant!
But people are telling me that the Govt has broken their backs by increasing the prices of petrol.
When meaningless lights are on, the fan is on and the TV is on in my house I don't feel bad, but when the electricity prices go up my conscience moves.
When my kids sleep at eighteen degree centigrade with AC on and blanket on, I can't say anything but when the electricity rate goes up my mercury goes up.
I don't mind when my geyser is on for 24 hours but when the electricity rate goes up my itching goes up.
When my maid or wife wastes cooking gas my tongue doesn't move but when gas prices go up my tongue doesn't stop complaining.
I don't like switching off car engine at red light. I go by scooter to buy milk two lanes away from home.
On weekends I drive twenty kilometers without any reason .... But if petrol prices increase even one rupee, then I feel chilly.
I don't mind eating a dinner of two thousand for one night but parking fees of twenty rupees sting me a lot.
I don't care while shopping for ten thousand in the mall, but I can't digest my food without negotiating with the vegetable cart seller.
I curse the government everyday for my salary revision but my BP increases when I hear the salary of my maid.
No problem if children don't listen to me but if the Prime Minister doesn't listen to my words, I abuse him in 3 different languages!
I am an independent citizen of a free Country.
Yes, the government they say is working in the right direction honestly for the benefit of a 130 crore population, but I am just concerned about my family and myself. I will change the government which is changing the country.
But I will not change myself, I will never change myself .....
𝙔𝙤𝙪 𝙙𝙤𝙣𝙩 𝙝𝙖𝙫𝙚 𝙩𝙝𝙚 𝙘𝙖𝙥𝙖𝙗𝙞𝙡𝙞𝙩𝙮 𝙩𝙤 𝙘𝙝𝙖𝙣𝙜𝙚 𝙮𝙤𝙪𝙧𝙨𝙚𝙡𝙛 𝙮𝙚𝙩 𝙮𝙤𝙪 𝙬𝙖𝙣𝙩 𝙩𝙤 𝙘𝙝𝙖𝙣𝙜𝙚 𝙩𝙝𝙚 𝙋𝙈 𝙖𝙣𝙙 𝙖𝙡𝙡 𝙤𝙩𝙝𝙚𝙧𝙨! Think how much you are contributing / Sacrificing in the interest of Our Country? Where are We All heading? Time for Serious introspection...🤔
This resonated with my thoughts and hence I have shared it here. I received it on WA.
#India #NarendraModi #Choices
Subha retweeted
The number of things that have to align for a business to get off the ground and do well is ridiculous. @zerodha could start with a bare minimum capital and no tech background in 2010 only because @NSEIndia offered NOW, a free trading platform built by Omnesys.
Over the years, Omnesys has changed hands many times, and it's finally back home, where I was invited to open their first office—the circle of life 😬
Omnesys was first sold to Thomson Reuters, then to Blackstone-Refinitv, then to the London Stock Exchange, and now back to some of the people who originally built it. They are now called OmneNEST.
Omnesys is the backend execution management system (EMS) that powers most Indian brokers, including us.
Subha retweeted
Practical preliminary requirements before starting F&O trading
1. When you are a full time trader.
2. When you have kept aside money for one year expenses.
3. You have 1 crore rupees of portfolio.
4. You have made enough money in equity trading.
5. You have made this money using a systematic approach (rule based trading).
6. You are expecting not more than 50% yearly gain.
7. You are emotionally strong enough to see 30% (some times up to 50% drawdown) in your invested amount.
8. You have a backup to survive if get failed in this high speed, high risk, high reward venture.
Even after meeting the above mentioned conditions, I have seen a lot of people going into depression once they lost 30% of their capital.
Further more, they kept on losing money to recover the already lost money in F&O trading to make their life worst.
One thing that novice traders don't understand that the harm (illness or disease) incurred due to smoking, can't be cured by more smoking.
This mistake is generally committed by F&O traders over and over again. They think that loss incurred due to F&O trading can only be recovered by F&O trading itself. That's a wrong approach indeed.
I agree that few among us have been successful in F&O trading. But that number is very small in absolute terms. We can't figure that out in percentage.
Whereas, the probability of success in Equity trading is much higher.
Moreover, someone who has never succeeded in Equity trading, can never get a success in F&O.
It's ok to drive at 80-120 km per hour for more number of hours than to drive at 250-300 km per hour for less number of hours due to excitement to reach early.
Make your trading a business that could last for rest of your life and you could pass on to your kids; not just a gambling in casino.
I will keep on sharing the trading wisdom with you.
Keep on learning.
Jai Hind
Jai Bharat
.................
Vivek Singhal