Loss Making Trader
1.3K posts
So all this Trump said is going to turn out to be false, and all Trump's claims were rejected by the Iran parliament. This man is purely manipulating the market. All the gains of Gift Nifty will go in vain on Monday. 😼
BREAKING: Iran's Speaker of the Parliament Ghalibaf says President Trump made "seven claims in one hour, all of which were false." Speaker Ghalibaf says: 1. The US "did not win the war with these lies, and they will certainly not get anywhere in negotiations either" 2. "With the continuation of the US blockade, the Strait of Hormuz will not remain open" 3. Passage through the Strait of Hormuz will be conducted based on the "designated route" and with "Iranian authorization" 4. "Whether the Strait is open or closed and the regulations governing it will be determined by the field, not by social media" 5. "Media warfare and engineering public opinion are an important part of war, and the Iranian nation is not affected by these tricks" This statement came after markets closed for the weekend, following the S&P 500's fastest recovery since 1982. We expect to receive a US response soon.
Not having to answer to investors or chase revenue targets is a huge advantage and, honestly, a blessing. It's what has allowed us to stick to our philosophies like not spamming users, not tracking behaviour, not having different pricing for different people, and not doing things that aren't in the interest of customers. All of this is easy to say and harder to stick with, especially when I look at the charts of listed brokers 😬 One example of us sticking to our philosophy: we still charge zero brokerage on equity delivery trades. We ran some back of the envelope math on how much @zerodha customers would have paid had we charged for it.
Gift Nifty 400+ India will open in a strong bull market tomorrow.
This is one risk for traders i see and envisage . Not the one which the post refers to. I am afraid one day , out of blue after market close there would be announcement of tax rationalisation for FIIs in line with other countries and you would have a mother of all candle the next day. All shorts would have the last day of their careers. And this is now a high probability event for me.