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DAY 417- Book 2 Same as Ever: A Guide to What Never Changes

The Power of Timeless Truths ⏳💡: Same as Ever focuses on things that never change, no matter how much the world around us shifts — like human nature, love, and the basics of life.

Constant Themes of Life 🌍❤️: The book explores enduring ideas and truths that stay relevant through time, such as relationships, emotions, and personal growth.

Lessons from History 📜🔑: It emphasizes that while technology and trends change, the fundamental experiences of life — joy, sadness, success, failure — remain the same throughout generations.

Human Behavior is Unchanging 👥💭: People still struggle with the same issues today as they did centuries ago — whether it’s love, power, fear, or identity.

Life’s Cycles 🔄🌱: The book reminds us that life is full of cycles — ups and downs, beginnings and endings — that continue regardless of our modern world.

Finding Stability in Chaos ⚖️🌪️: In a world of constant change, understanding these unchanging truths can give us a sense of stability and peace.

What We Can Learn 🧠💬: By focusing on the unchanging parts of life, we can better navigate the chaos, stay grounded, and find meaning in everyday challenges.

Key Message 🔑🧘: While the world constantly shifts, what never changes is often what truly matters — our humanity, our relationships, and the timeless lessons life offers.

Follow me on https://www.goodreads.com/priyank3195

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DAY 417- Book 1

The Money Trap: Lost Illusions Inside the Tech Bubble

Tech Boom 💻✨: In the late 1990s, everyone was excited about tech companies and the internet. People thought they would make tons of money quickly.

Overhyped Companies 💸🚀: Companies like Pets.com and Webvan were worth billions, even though they didn’t make any real profit or have solid business plans.

Investor Frenzy 📈💰: Investors jumped in, hoping to get rich fast. They backed companies that had big ideas but no real products or revenue.

Risk-Taking Mindset 🤞🔥: Silicon Valley was all about taking huge risks and growing quickly — even if it meant ignoring the long-term consequences.

Speculation, Not Reality 🤔📉: People were focused on the chance of fast profits, not on building a real, solid business.

The Bubble Bursts 💥💔: The bubble finally popped in 2000. Stock prices crashed, and many tech companies went bankrupt.

Massive Losses 💸😱: Investors, employees, and companies lost billions. The dream of easy wealth turned into a nightmare.

Only the Strong Survive 💪🌍: Some companies like Amazon survived because they focused on real business plans, not just growth at any cost.

Key Lessons Learned 📚💡:

Big ideas without solid plans lead to failure.

Quick profits don’t last — sustainable businesses do!

The crash forced tech companies to think smarter about growth and money.

Follow me on https://www.goodreads.com/priyank3195

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DAY 416 - S N Goenka Ji

1/ Who was S. N. Goenka?

Satya Narayan Goenka (January 30, 1924 – September 29, 2013) was a teacher of Vipassana meditation, an ancient Indian technique. His life’s journey—from a wealthy businessman to a global meditation pioneer—is truly inspiring. 🧵👇

2/ Birth and Early Life – 1924

Goenka was born on January 30, 1924, in Mandalay, Burma (now Myanmar), into a Marwari business family. His father was a textile merchant, and his family was known for its wealth and piety.

3/ Adoption – 1937

At age 13 (in 1937), Goenka was adopted by his wealthy maternal uncle and aunt, who had no children. This strengthened his position as a future business leader in Burma’s Indian community.

4/ Education and Youth

In the late 1930s and early 1940s, Goenka completed his schooling in Mandalay. Though bright, he didn’t pursue higher education, instead joining his family’s textile and trading business.

5/ Marriage and Success – 1949

In 1949, Goenka married Ilaichidevi, who supported him throughout his life. By the 1950s, he had become one of Burma’s most prominent businessmen, expanding his family’s operations significantly.

6/ A Spiritual Upbringing

Even as a businessman, Goenka’s spiritual upbringing remained central to his life. He performed daily religious rituals and donated generously to temples, embodying traditional Marwari values.

7/ Life Challenges Begin – Early 1950s

Despite his success, the early 1950s brought personal challenges. Goenka began suffering from excruciating migraines and mental stress. His condition worsened, and despite consulting doctors across Europe and Asia, no cure could be found.

8/ Meeting Sayagyi U Ba Khin – 1955

In 1955, Goenka met Sayagyi U Ba Khin, a renowned Burmese meditation teacher. Skeptical at first, he reluctantly joined a 10-day Vipassana course under U Ba Khin’s guidance.

9/ Transformation – 1955

The course proved life-changing. Goenka not only experienced relief from his migraines but also discovered Vipassana as a path to mental clarity and peace. He decided to dedicate himself to this practice.

10/ Training Under U Ba Khin – 1955–1969

For the next 14 years, Goenka trained under U Ba Khin, practicing Vipassana diligently and deepening his understanding of Dhamma (the path of truth). His teacher encouraged him to spread this technique to India.

12/ Return to India – 1969

Fulfilling his teacher U Ba Khin’s wish, Goenka returned to India in 1969. On July 3, 1969, he conducted his first 10-day Vipassana course in Mumbai with just 14 participants.

13/ The Start of a Movement

The simplicity and effectiveness of Vipassana resonated with participants. Over the next few years, Goenka traveled across India, conducting courses and reviving this ancient meditation technique.

14/ Founding Dhamma Giri – 1974

To meet growing demand, Goenka founded Dhamma Giri Vipassana Meditation Centre in Igatpuri, Maharashtra, on October 1, 1974. This became the global headquarters for Vipassana meditation.

15/ Structured Teaching

By the mid-1970s, Goenka began using recorded instructions to ensure consistency in teachings. This innovation allowed courses to be conducted in multiple languages while maintaining their authenticity.

16/ First International Course – 1979

In August 1979, Goenka conducted his first international Vipassana course in the USA. Over the next decade, he introduced the practice to Europe, Australia, Southeast Asia, and beyond.

17/ Key Milestone – March 1986

A major Vipassana conference was held at Dhamma Giri in 1986, attended by scholars, practitioners, and scientists. Discussions centered around the relevance of Vipassana in modern life.

18/ Global Reach by 1990s

By the 1990s, Vipassana was taught in over 100 countries. Goenka emphasized its secular nature, making it accessible to people of all religions and cultures. Courses were offered free of charge, funded by donations.

19/ Growing Network of Centers

Goenka’s vision led to the establishment of over 170 Vipassana centers worldwide. From California to Australia, these centers offered people a chance to transform their lives through meditation.

20/ Final Years

Goenka stepped back from active teaching in the 2000s but remained involved in guiding the Vipassana community. On September 29, 2013, he passed away in Mumbai, leaving behind a global legacy.

21/ Timeless Teachings

“The only conversion involved in Vipassana is from misery to happiness, from bondage to liberation.” – S. N. Goenka

22/ Want to Learn Vipassana?

Vipassana courses are conducted globally, entirely free of charge. The practice is non-sectarian and open to all. Visit www.dhamma.org to find a center near you.

🙏 Let’s honor Goenka’s legacy by incorporating mindfulness, compassion, and equanimity into our lives.

#Vipassana #Meditation #Mindfulness

[priyank3107]

Day 415- Top 15 learnings from Mr. Vijay Kedia

Here are the top 15 learnings from Mr. Vijay Kedia.

1. Return Filter for Investment: “It should be a multi-bagger. If the economy is growing, the company should grow. If I just see a doubler in three years, I won’t invest. It should have the possibility of being a 10-bagger. It may or may not happen, but on a portfolio of 10 stocks, the process would work well.”

2. Idea Generation: “Mostly by reading. I don’t run screens. I just focus on understanding which sectors will do well, and which companies are good in that sector…Also, the size of the market has to be big. One should identify a fish in the ocean and not a crocodile in a pond.”

3. How He Acquire Knowledge: “My approach is pretty simple - I observe what is happening around. I give a lot of importance to the company’s management’s talk on TV, in newspaper, or on social media. In my view, listening to an hour of such interaction is equivalent to reading many books.”

4. On Evaluating Managements: “I look for three things - honesty, hunger, and smartness.

a. Honesty, so that he not only creates value for himself and his children but also for shareholders.

b. Hungry, so that he does not get complacent after growing his company from Rs. 200 cr to Rs. 800 cr. The simple rule is, that if the management does not become a billionaire, you won’t become a millionaire.

c. Smartness, he should be smart enough to know how to manoeuvre the company when a crisis or an opportunity comes.”

5. On High P/E Vs Low P/E Stocks: “I normally don’t buy stocks quoting at high valuations. I normally buy sub 10 P/E stocks. Sometimes when I buy a high P/E stock, I do so with the expectation that I won’t make money for one-and-a-half to two years. That’s the main difference between high and low P/E stocks.”

6. On Buying Growth Stocks: “The ultimate weapon is stocks having reasonable cash flows but low valuations. But low valuation without growth is like a dead body, there is no value.Even if you buy a growth stock at a slightly high price, it will have some value….I would want at least 20-25% growth in my stock.”

7. The SMILE Approach:I like companies on the SMILE principle: “Small in Size, Medium in experience, Large in aspirations, and Extra-large in market potential. If I can find all these attributes in one company, then I can invest in that company at the right valuation.”

8. On When to Sell:

a. When management changes focus.

b. When the value is exorbitant.

c. Liquidity of the stock. If I have to buy or sell a large quantity, I need enough volumes to sell. So, I will sell regardless of price. If I think a bear market is coming.

9. On Portfolio Structure: “I have 10-15 major stocks and 20 stocks with smaller allocations. The largest position will be less than 10% of the portfolio. This is the risk I am willing to take with a single stock.”

10. One Common Thread Between Successful Stocks: “The main reason why my stocks succeed is that most people have not heard about them. The pattern is the same across my life - unknown/ unpopular company, capable management, good business, and illiquid stock.”

11. On Market Extremes: “I think it’s easy to sense an extreme bear or bull market. The problem happens when the market extremes continue for another year or two, during this time, patience is the only key. You can’t exactly time it. But if you have a vision of 10-15 years, you don’t need to think about it too much.”

12. Stock Market Is a Place of Regret: “Regrets are like a lifestyle disease in the stock market. If you buy a share and the stock price falls, you will regret not having waited. If you buy and the price increases, then you will regret not having bought more! So there are always going to be regrets in the market. But these regrets affect your next decisions.”

13. Advice to New Investors: “He/She should read a lot of broker reports, see management interviews, and learn about various industries and companies.”

14. On Courage: “Without courage, you can’t bet big. Even if you are the best in reading balance sheets, you will only buy 500 shares, or you won’t be able to hold shares in the bear markets.”

15. Key to Creating Wealth: “Make bear markets your friend. History tells us that people have made big money by buying stocks in the bear markets. Nobody makes big money by investing in bull markets. Being successful is one thing; creating wealth is different.”

These insights are valuable and timeless in nature so be sure to bookmark this newsletter for easy access whenever you need it in the future.

Source: https://www.linkedin.com/pulse/15-key-lessons-from-mr-vijay-kedia-bastion-research-house-7tasf/

[priyank3107]

Day 414- Financial Roadmap

[priyank3107]

Day 413 - Samnuel Benner

Period When to Make Money in Stock Market

[priyank3107]

Day 412 - Quotations Dump

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Day 411 -

"19 Principles for a Life of Growth, Balance, and Success 🚀"

1/19 🏡 Focus on your business goals and avoid long-term commitments like property ownership. Renting offers flexibility, freeing you from unnecessary burdens. #Flexibility

2/19 🧠 Regularly check your learning and forgetting curves. Don’t let them flatten—constant growth is essential. #LifelongLearning

3/19 📝 Plans and actions are two separate worlds. Start with less information and improve as you go. Taking action is key. #ActionOverPlanning

4/19 🎯 Control your thoughts—this is the foundation of true focus and achievement. Stay centered and intentional. #MindsetMatters

5/19 🤐 Keep your life low-profile. Privacy is power—share less and focus more on personal growth. #PrivacyMatters

6/19 🤹‍♂️ Trick your brain by keeping it curious, like a child. An open mind fosters creativity and innovation. #Creativity

7/19 💡 Make decisions with 70% of the information. Waiting for perfect certainty delays progress. Take calculated risks and keep moving forward. #CalculatedRisk

8/19 💸 Wealth isn't just about profits—it's about valuations. Both are reflections of the same reality. #WealthWisdom

9/19 📚 Build confidence through commitment, practice, and continuous learning. Surround yourself with people who challenge and inspire you to grow. #ContinuousLearning

10/19 🚀 Out-line. Out-think. Out-do. Focus on what truly matters—ideas, people, and events. Aim to transform and reform, not just perform. #Transformation

11/19 🔢 Use guiding principles like 20/20/20, 80/20, 8/8/8, and the rule of 72. Be comprehensive, cooperative, collaborative, competitive, consensual, and compassionate. #GuidingPrinciples

12/19 🌍 Your environment and related factors influence everything. Be mindful of your surroundings and adapt accordingly. #EnvironmentMatters

13/19 🧘‍♂️ Too much information can be harmful. Seek wisdom instead—it’s far more valuable and less overwhelming. #WisdomOverload

14/19 📈 Focus on ideas and managing risk. Don’t stress over returns and costs—let the process guide you. #RiskManagement

15/19 🎯 Desire. Dedicate. Deliver. This simple mantra bridges ambition to action and action to success. #SuccessMindset

16/19 ⛰️ Reaching the top and staying there are different challenges. Communication skills and investing are keys to building lasting wealth. #PeakPerformance

17/19 💡 The biggest ideas come with calculated low risk and high return. Risk arises when we don’t fully understand what we’re doing. #SmartRisk

18/19 🧘‍♂️ Stay calm and composed. Not everything deserves a reaction. Master the art of thought control to protect your inner peace. #InnerPeace

19/19 ⚖️ Everything is temporary. Move fast, break things, and remember—the answer lies within you. #GrowthJourney

[priyank3107]

DAY 410- Ho’oponopono

What is Ho’oponopono?

Ho’oponopono is an ancient Hawaiian practice of forgiveness, healing, and reconciliation. It means “to make right” or “to correct.” The modern version of this practice is simple yet powerful for emotional healing and self-transformation.

It is based on 4 key phrases:

1️⃣ I’m sorry – Acknowledge the issue and take responsibility (even unknowingly).

2️⃣ Please forgive me – Ask for forgiveness to release negative energy.

3️⃣ Thank you – Show gratitude for healing and growth.

4️⃣ I love you – End with love, the most powerful force for healing.

How to Practice:

1. Think of a situation, memory, or emotion you’d like to heal (e.g., anger, guilt, or conflict).

2. Sit quietly, focus on your breath, and repeat the 4 phrases with intention.

3. Let go of expectations and trust the process.

Benefits of Ho’oponopono:

✨ Releases negative emotions like guilt or anger.

✨ Heals relationships and fosters forgiveness.

✨ Brings peace and reduces stress.

✨ Encourages self-love and acceptance.

Dr. Ihaleakala Hew Len, who modernized this practice, shared a story of healing a mental hospital in Hawaii by simply using Ho’oponopono on patients’ case files. It’s a powerful reminder that by healing ourselves, we heal the world around us.

Give it a try – it’s simple, calming, and life-changing! 💜

[priyank3107]

Day 409- Exploring Vipassana Meditation: A Path to True Peace

1/ What is Vipassana? Vipassana, meaning “insight,” is an ancient meditation technique from India, rediscovered by Buddha over 2,500 years ago. It focuses on achieving mental clarity and emotional peace by observing physical sensations and their connection to the mind. The practice aims to remove mental impurities and leads to true happiness and freedom.

2/ S.N. Goenka & His Legacy S.N. Goenka, a teacher from Myanmar, played a vital role in spreading Vipassana worldwide. He established a global network of meditation centers and taught the technique to people of all backgrounds. His teachings emphasize that Vipassana meditation is not religious but a universal practice for self-awareness and peace.

3/ Core Teachings of Vipassana

Mindful Observation: Vipassana meditation involves observing bodily sensations and breath. Instead of reacting to feelings, you learn to observe them neutrally.

Understanding Impermanence: The technique teaches the nature of impermanence (anicca), suffering (dukkha), and egolessness (anatta), helping practitioners let go of attachment, reducing suffering, and attaining peace.

4/ The 10-Day Vipassana Course Vipassana courses last 10 days and are designed to give you enough time to practice and establish a foundation in the technique. These courses are free of charge and are run entirely on donations from previous students. The 10-day format is essential because it allows deep immersion in the practice.

5/ Course Requirements & Rules

Noble Silence: Complete silence is observed, with no communication (verbal or non-verbal).

No Distractions: No phones, reading, writing, or entertainment. This keeps the mind focused on the practice.

Sitting Posture: Meditating for extended periods, whether sitting cross-legged or on a chair.

Meditation Hours: You’ll meditate for up to 10 hours daily.

Simplicity: The meals and accommodations are kept simple to minimize distractions and foster a serene environment.

6/ Typical 10-Day Course Schedule (from morning to evening):

4:00 AM – Wake up & morning tea

4:30 AM - 6:30 AM – Meditation session

6:30 AM - 8:00 AM – Breakfast and rest

8:00 AM - 11:00 AM – Meditation session

11:00 AM - 12:00 PM – Lunch (last meal of the day)

12:00 PM - 1:00 PM – Rest or walking meditation

1:00 PM - 5:00 PM – Meditation session

5:00 PM - 6:00 PM – Tea break

6:00 PM - 7:00 PM – Evening meditation session

7:00 PM - 8:15 PM – Discourse by S.N. Goenka

8:15 PM - 9:00 PM – Final meditation of the day

9:00 PM – Bedtime

7/ Benefits of Vipassana

Peace of Mind: Through consistent practice, you develop a peaceful, balanced mindset.

Emotional Mastery: By observing your emotions without reacting to them, you become more in control of your thoughts and feelings.

Reduction of Suffering: The practice helps to reduce inner agitation and negative emotions, fostering an enduring sense of calm.

Compassionate Involvement: Vipassana fosters not detachment, but compassionate involvement with the world, acting with wisdom and love, without disrupting your inner peace.

8/ Who Can Attend? Anyone can participate, regardless of religion, background, or experience. The course is suitable for individuals with basic mental and physical health. However, if you have serious conditions, you should consult before attending. It’s important to note that Vipassana is not intended as medical treatment but rather to address inner emotional disturbances.

9/ Course Features:

No talking or communication: Participants must observe Noble Silence, ensuring deep focus.

Technology-Free Zone: No phones, computers, or books are allowed.

Simplicity: Meals and living conditions are simple to avoid distractions.

Physical Comfort: Those who can’t sit cross-legged are allowed to use a chair for meditation.

10/ Key Insights:

Not Religious: Vipassana is a secular practice open to all, not confined to any specific religion.

Self-Paced Transformation: The goal is not instant results but gradual improvement, leading to long-term inner peace and less suffering.

Support via Donations: The course is free, funded purely by voluntary donations from those who have benefited. This allows the teachings to remain accessible to all.

11/ Transformative Power of Vipassana By practicing Vipassana, you learn to observe and let go of negative emotions like anger, fear, and anxiety, leading to a purer mind. Over time, you develop deeper peace, compassion, and love, both for yourself and others. This practice also enhances emotional intelligence, helping you live with wisdom and equanimity.

12/ The Power of Observation in Meditation A critical aspect of Vipassana is observing the sensations and changes in your body when negativity arises, such as anger or irritation. Rather than reacting to these emotions, you simply observe them as sensations, allowing them to fade naturally. This technique helps purify the mind and transform habitual reactions.

13/ Preparation for the Course

Commitment to the Full 10 Days: It’s essential to stay for the entire 10 days to receive the full benefit of the course. Leaving early interrupts the process and undermines the practice.

Special Needs: If you have specific dietary or physical requirements, inform the organizers in advance. For pregnant women or those with health concerns, adjustments can be made where possible.

14/ Long-Term Benefits Vipassana is not a quick fix. It’s a lifelong practice that, when continued after the course, helps you maintain a calm, balanced life. It helps to dissolve deeply held emotional patterns, increasing your capacity for compassion, love, and understanding.

15/ The Impact of Goenka’s Approach S.N. Goenka’s approach focused on discipline, mindfulness, and self-awareness. He demonstrated that anyone, regardless of their background, could practice meditation effectively, leading to lasting peace and self-transformation.Exploring Vipassana Meditation: A Path to True Peace.

To know more,

visit: https://www.dhamma.org/en-US/index

[priyank3107]

Day 408- Trading: A Marathon, Not a Sprint

#1 Larry Williams emphasizes the most crucial trading lesson: bet small, aim for big wins.

Trends drive profits – Without a trend, prices won’t move enough to make a profit.

Time matters – Longer trades have a higher chance of catching big trends, while day trading rarely captures large moves.

Small positions, big gains – Avoid large positions that can lead to big losses. Small positions mean small losses, but with good timing, you can ride trends for substantial profits.

Risk-reward balance – Always aim for higher potential gains than your risk (e.g., risking $1 to earn $4).

Foundation for success – Build your strategy on this principle and use effective tools to identify trends for consistent gains.

By following this, you improve your odds and trade smarter.

#2 Larry Williams outlines a clear and disciplined trading strategy that avoids confusion and emotional decisions. Here's the simplified breakdown:

Set Up Market

Look for a market with high chances of rallying or falling.

Use tools like the COT Report or indicators to identify opportunities.

Entry

Time your entry using various techniques (no "one-size-fits-all" approach).

Different strategies are needed because market trends (tops and bottoms) don’t form the same way every time.

Exits

Stop Loss: Place a protective stop loss to limit potential losses. Set it carefully — not too close or too far.

Trailing Stop: Adjust as the market moves in your favor to lock in profits while giving the trade room to grow.

Target Price: Exit at a pre-calculated price based on market patterns, ensuring profits before a reversal.

Mechanical Process

Everything is pre-planned: entry, stop loss, trailing stop, and target price. No emotions or guesswork.

Why It Works

This method ensures small losses and lets winners run, maximizing profits while minimizing risks.

Key takeaway: Always trade with a plan—know where to enter, protect losses, lock in gains, and exit strategically. Never trade blindly!

#3 Larry Williams explains how seasonal patterns can help spot big market moves by understanding recurring trends in prices during specific times of the year. Here's the summary:

What Are Seasonal Patterns?

Prices of commodities like wheat, copper, and gold often follow predictable trends during certain seasons (e.g., copper tends to rally in March/April).

How They Help

These patterns give an early signal of when a market might rally or decline.

They're a guide to focus on specific times when the market is likely to move.

Not Standalone

Seasonal patterns aren't enough on their own. Combine them with other tools like the COT Report or indicators for better accuracy.

Examples of Use

In 1982 and 2002, market cycles predicted major rallies years in advance using such patterns.

Takeaway

Use seasonal patterns as one part of your strategy to confirm other signals and find high-probability trades.

They work best with commodities and markets tied to natural cycles.

Bottom Line: Combine seasonal patterns with other tools for better timing and smarter trading decisions.

#4 Larry Williams asks if you’re truly suited for trading because it’s not for everyone. Here’s the summary:

Can You Handle Imperfection?

Trading isn’t perfect. You’ll make mistakes—buying too late, selling too early, or losing money. If you can’t accept imperfection, trading isn’t for you.

Emotional Control is Key

You need to stay calm and steady. If you’re prone to emotional swings, frustration, or overreaction, trading will be very hard for you.

Focus and Discipline Matter

Good traders stick to plans, stay focused, and handle details without getting distracted.

Love the Process

If you don’t enjoy learning, analyzing, and trading, you won’t last. Passion is essential.

No Get-Rich-Quick Dreams

Trading isn’t about turning $10,000 into $1 million overnight. It’s a challenging business with highs and lows.

Bottom Line If you’re focused, disciplined, emotionally stable, and love trading, you can succeed. But if you’re chasing easy money or struggle with emotions, this might not be the right path.

#5 Larry Williams highlights an inconvenient truth about trading: you will have losses. Here’s the summary:

Losses Are Inevitable

Everyone in trading faces losses. It’s not about avoiding them but learning to handle them.

Fear Can Be Your Ally

Knowing losses will happen makes you cautious. Use stop-losses and avoid betting too big.

Treat Trading Like a Business

Just like any business writes off unsold goods, traders must accept losses as a cost of doing business.

Don’t Let Losses Define You

Losses are events, not your identity. Learn from them but don’t dwell on them or let them emotionally crush you.

Future Success Is Always Possible

Past failures don’t dictate future outcomes. Stay focused and keep moving forward.

Key Motto: "I will have my losses, but they will not have me."

#6 Larry Williams explains how to avoid getting stuck in trading ranges by understanding market cycles:

Markets Move in Cycles

Big price moves (large ranges) are often followed by sideways, choppy movement (small ranges).

Timing Matters

After an explosive move, many traders jump in expecting the trend to continue. But that's when the market usually consolidates.

Be Patient

Wait for the consolidation to end before entering. The next trending phase will likely begin after the small range.

Applies to All Timeframes

This pattern works in intraday, daily, and weekly charts.

Key Tip: Don’t chase a big move. Expect a pause, wait for it to finish, and then position yourself for the next trend.

#7 Larry Williams explains that not all markets behave the same way, and even the same market can act differently at different times:

Each Market is Unique

Corn, Hogs, Copper, and Coffee are influenced by different factors like weather, production cycles, or economic conditions.

Two Types of Bull Markets

Speculative Bull Market: Driven by traders and funds buying based on future hopes. Prices move up and down a lot. Strategy: Buy dips, sell rallies.

Commercial Bull Market: Caused by real shortages. Prices rise steadily without big pullbacks. Strategy: Buy and hold with stops.

Adapting Strategies

Use different strategies based on the type of bull market. One size doesn’t fit all.

Key Takeaway: Markets behave differently, even the same market at different times. Recognize the market type and adapt your strategy accordingly.

#8 Larry Williams advises that when choosing a trading method, you should focus on what works best for you. Here’s his key message:

Choose What Makes Sense to You: Look for trading strategies that are logical and easy for you to understand. Don’t just follow someone because they’ve been successful in the past.

Find a Teacher Who Communicates Like You: Everyone learns differently. Find someone whose teaching style resonates with you and helps you understand their methods.

Don’t Get Distracted by Big Claims: Forget about exaggerated promises of success. Focus on whether the strategy makes sense and if you can apply it effectively.

In short, pick a trading style and teacher that aligns with your thinking and learning style. It’s about what works for you, not someone else.

#9 Larry Williams shares an interesting finding about the personality traits of successful traders. According to a study done by his son, Dr. Jason Williams, successful traders tend to have low confidence, scoring around 6 out of 10, rather than the high confidence that many might expect. They are not brash or overly sure of themselves. This lack of overconfidence helps them avoid big losses in the market, as they don’t believe they can control the market.

In short, winning traders are humble, cautious, and aware of their limitations, which is what contributes to their success in trading. Being overly confident can actually lead to losses in the market.

#10 Larry Williams compares trading to a marathon, emphasizing the importance of thinking long-term. Successful traders don’t focus on making quick profits; instead, they understand that trading is a business that requires endurance and consistency. Just like in a marathon, where you pace yourself for the long haul, successful traders avoid rushing, overtrading, or taking big risks. They apply effective strategies consistently, knowing that real wealth is built over time, not through short-term wins. The key to success is patience and steady, long-term growth, rather than trying to make a quick fortune.

[priyank3107]

DAY 407 - How business is at the fulcrum of everything happening around us?

BUSINESS needs capital to run.

Source of capital are primarily,

a) Equity (SHARE market + private equity)

b) Debt (BANK / nbfc)

To run the business, EMPLOYEE are hired

Hence, when business prospers, it brings cheers to the ECONOMY.

We can say that, among the major source of income generation which is broadly divided into three parts: Active/Passive/Portfolio/Speculative given that Portfolio is the fastest way to make money and Active is the slowest way. However, if business is not there then there will be no SHARE MARKET, JOB, BANK, ECONOMY.

BUSINESS = ECONOMY

where,

BUSINESS = SHARES/JOB/BANK

Everything is connected and flows in a circular form. With time the circle keeps on getting bigger which we call as progress measured using different parameters.

[priyank3107]

DAY 405 - Blessings of a Guru is like a nectar

I have dream in my eyes

I have Guruji by my side

Keeping all the worries aside

Life is full of surprise

I am feeling delight n alive

Blessings are showering like a light

Soul feels extremely light

Flying high like a flight

Abundance has arrived

Guru Om!

[priyank3107]

DAY 404 - INGREDIENTS FOR AN ENTREPRENEUR

An interaction with the founder of a mid market investment banking company based out of Mumbai, India.

He asked, what it takes to be an entrepreneur/what’s the most important factor to be an entrepreneur!!

-Strategy

-Capital Allocation / Sourcing / Distribution

-Review

-Risk Taking ability

-Team management

Having an Idea, Setting a Process and focus on Execution along with Automation as much as possible moves things faster leading to growth and success.

Leverage Technology + Integrate things + Hire Skills

[priyank3107]

DAY 402 - Marginal Investors

The marginal investor in a firm is the investor who is most likely to be the buyer or seller on the next trade and to influence the stock price.

Operators cannot be mistaken for marginal investors.

[priyank3107]

DAY 401 - Learning at workplace (Equirus)

A) Research report writing

The two main terminologies:

1. Tautology

2. Redundancy

We should be conscious about it while writing reports.

#equityresearchreports

B) Power of Visualization and positive thinking

C) Deep work | Flow state

D) Monthly Leadership meets, engaging and insights about the business and future plans

[priyank3107]

DAY 400

I was never fond of history in school. I am, now.

The difference, as I realize, has occurred due to the way the subject was taught to me in school and the way I have come to look at it over the past few years.

What I was taught in school were the details – British Rule, French Revolution, World Wars, etc. – and the rote learning that had to accompany it. In hindsight, these were important details, but somehow I never enjoyed knowing them.

What I now love about the subject is simply the concept of it, how we have come to be since humans first walked the Earth, how our thinking has evolved, and how some things have not changed at all.

About this last point, I believe there are two things that have stood the test of time, and that apply to everything we do in life, investing, work, everywhere –

1. We have much less control over the future than we hope, and that it will always surprise us (surprisingly!). We can’t control what would happen to us or our investment portfolios, we can’t control what people around us would say or do, and we can’t even fully control our own bodies, which would get damaged and sick and ultimately die without regard for our preferences. In fact, much of our unhappiness is caused by thinking that we can control things like these that, in fact, we can’t.

2. We have far more ability to make an impact than we expect. And this ability is more important than we can imagine. All it requires for us is to be learning and adapting machines, be sensible in our decision making, keep things simple, and trust the role of sincere hard work. Some people are aware of it; most are not. Frankly, it is easier to sit on the sidelines and whine about the stuff we can’t control (like stock prices) than to own up to what we do control (like our process of investing).

——————

In short, while we can’t control the future, we can be courageous enough to jump into life with both feet and take responsibility for how we would like to mold it (without trying to control it), and how we would react to what happens to us on the way.

No success guarantees here, but history proves that’s how the world has always worked.

Source: Safalniveshak