Ever wondered why people almost always lose money in a Casino (except for the few times when luck works in their favour and they leave richer than when they first entered)? Well, for starters, the House always wins because they rig the game. How?
Trade expectancy is the calculation that shows what the typical profit is for each trade that is placed. If it's a negative, the strategy is a loser. Here is an easy way to understand it with a simple example.
Firstly, the calculation combines how many trades are typically won with the average loss on losers and the average gain on winners.
Say for example, you buy a stock at Rs.100, your stop loss/risk for the trade is 10 points (you will sell when the price falls to Rs. 90) and your target is 20 points from you purchase price ( i.e, Rs. 120).
Dewan Housing Finance Corporation Ltd. is a home finance company which has caught itself up in a problem they did not see coming. So what's all the fuss about?
This is what normally happens:
You put your hard earned money in a low risk debt instrument (usually marketed by a mutual fund) and forget about it for sometime because you know (or atleast you think you do) your money isn't going anywhere. DHFL comes and borrows money from a debt mutual fund for its HF loans. This keeps on happening periodically and the general understanding is that the company will repay your MF in regular intervals of time. End of story.
This is what has happened:
Cross default is a provision in a bond indenture or loan agreement that puts a borrower in default if the borrower defaults on another obligation. Simply put, if you take a housing loan from Bank A repayable yearly for 5 years at a fixed interest rate, you are liable to pay the installments at the end of the year. However, if you have also taken some other kinds of loans, say for example, car loan from Bank B, and end up defaulting on that, Bank A will ask you to pay the rest of your amount immediately instead of waiting for the loan term to end.
So, a default on one loan becomes a trigger factor for the repayment of the other loans that you have taken.
Why? The answer is a question.
What guarantee does Bank A have of you paying up their money and not running away when you are struggling to pay up to Bank B right now?
Better to get paid now rather than wait and cry later on. Cut your losses short.
The thought of vacations sometimes is a lot more fun than the actual vacation for some people. Summer holidays can get quite boring if you don't have anything on your calendar. At that time, you'll remember just how much you miss college. But the hols (that's a word from the very popular child detective series "The Famous Five") can also be a very good time to brush up on some reading and help widen your perspective and understand of the world while you become a couch potato (atleast that way, you win one time).
I've compiled a list of books that have the power of getting you hooked on and for sometime (even if just for a few hours a day) giving you the opportunity of living the lives of the characters in the books. Afterall they do say, "A normal person lives only One Life, but a reader lives a thousand in a lifetime".
Jeffery Archer Books: Clifton Chronicles
Mightier than the SwordSins of a Father
Baga Beach in the night was a treat for the eyes. I had come
to the same place 9 years ago and it definitely has made a lot of improvement.
The shacks are better and have expanded their area and influence onto the
sands. Every shack has around 25 to 30 candle lit tables out on the sand with
these low lying chairs overlooking the water and LED lights the same colour of
their shacks so you know which place you’re eating at. I wanted to see Goa
nightlife and I got it. The only problem was the music. It was way too loud.
Every shack had a dance floor with each DJ trying to show the other guy that
his set was better and speakers louder. So by the end of just 15 mins you
wouldn’t really know what song you were listening to. So go eat a shack if you
want to just eat and dance (and not talk, it’s useless; you wouldn’t be able to
hear anything) otherwise walk on Tito’s lane for the normal restaurants.
Tito’s lane is the life of Baga after the beach. That’s
where all the clubs are. That place …
Others would ask, “Goa
jaake peeya nhi toh kya kiya?”. I, on the other hand would ask, “Goa jaake ghuma nhi toh kya kiya?” Now one would tell you that churches, beaches, drinking and
clubbing are the only things to go for in Goa. But that isn’t the case at all. There
sure is a lot more to do than just sit in your room or laze around the beach.
Especially when you’ve driven 14 hours to reach your destination. Phew.
So what did I do? I took the car (and then scooty; with a GA
registration) and drove full North Goa to South Goa. Out of the 1314kms that we
drove, 100kms happened within the state in 3 days.
Day 1 we went to Baga beach in the morning but since neither
I nor my dad had any plans of getting wet that morning, we headed to Fort
Aguada, past Sinquerim beach for some sightseeing.
This place is around 10kms
(30mins) from Baga. It’s up on a mountain/hill and is a famous tourist spot.
How’d I know? The number of cars were a lot and it felt like half of the family
tourist crowd cam…
I went to Goa with my parents. And trust me, it was fun. For
one, you really don’t have to worry about money when you’re out travelling,
shopping, eating or drinking.
Secondly, you have a 90% success rate of going to all the places YOU want to go
to, instead of compromising for the sake of your friends. Baga Balcony Glass Windows
Now I stayed in Goa for 4 nights, two of which were in Baga
and the other two in Candolim. Both places were booked via Airbnb. One advice:
Avoid booking a hotel room, even if it’s near a beach (I don’t understand
people’s obsession with beaches; they’re quite dirty and crowded). Instead,.......
The journey is more important than the destination. I learnt driving 2 years ago (enrolled for a driving class 3
days after my 18th birthday) and since then I’ve driven on every
possible type of road. But I wanted more. Flying by air didn’t excite me.
I wanted to look out of the window to trees and open roads; not clouds. 2 weeks ago after lots of pleading or logical reasoning (as
I like to put it), I finally convinced my parents to accompany me on a road
trip to Goa. At first, they were a bit apprehensive of the length of the
journey (owing to previous bad experiences with bus travelling), but then
again, you gotta do what you want to do.
The route we selected was Mumbai – Pune – Satara – Kolhapur –
Amboli Ghat – Baga, Goa. We only did one stopover for the night at Pune. The
rest was a continuous drive with only a 45 minute halt for lunch before the
start of the 73km long, 3.5 hour Amboli Ghat.
Note: Just after the food mall at Lonavala and before the start of the
ghats, is a small s…
The Central Reserve Police Force (CRPF) is the largest of India's Central Armed Police Forces. The CRPF's primary role lies in assisting the State/Union Territories in police operations to maintain law and order and counter insurgency. With 239 battalions and various other establishments, the CRPF is considered India's largest paramilitary force and has a sanctioned strength of 313,678 personnel.
Yesterday, at 3:15pm, a Scorpio driven by a Jaish suicide bomber who was a local youth carrying a huge amount of explosives, deliberately crash banged into 1 of the 78 trucks which formed part of the convoy carrying approximately 2500 CRPF personnel who were returning from their vacation and proceeding to resume work in Awantipora, 30kms from Srinagar.
I am a winter baby. And I proved it yet again! Day before yesterday, I went on an overnight trip to Saphale (about one and a half hour away from Thane, ahead of Vasai) for a star gazing session which lasted through the whole night. This was the second year that I went through the college.
Caption: That's all of us thanking our "stars" that we made it alive after spending the entire night in an open field, under a star filled sky, without turning into ice princesses. P.S - Temperatures during that night were anywhere between 8-14 degrees celcius. Also, the shiny dot there on top of us is Venus (which we got to see through a telescope)
Last year when I went, everyone started shivering at around 4:30am. But this time, that very same cold got to us at 10:30 in the night itself. We made sure that everyone (even the juniors, because college students somehow tend to have a lot of garam jawaan khoon, and say "didi, humko thandi nhi lagti" but invariably end up taking a…
So here's what you should make sure of before you go there:
1. Take food to eat (but not in excess) because there are no restaurants in the village and you're bound to feel hungry during the night.
2. Take a lot of blankets and warm clothing. And I mean a lot. Why? Because this is no where near "Mumbai or Dilli ki thandi". You're going to be out, on an open land (which gets really wet by morning thanks to the dew which forms) with fields all around you, under the stars. So it's really cold. I've only been there in February, so I can't say anything about the weather conditions of the other months.
3. Make sure you carry a plastic to put on the ground(even sleeping bags are useless) and don't get your feet wet (because you may need to cross through water by walking on stepping stones. Cold feet feel horrible). Windcheaters are the next best option.
All throughout the year, our college keeps conducting events organized by different clubs and committees. Along with this, we also have DAY OBSERVATIONS where students get together and put up charts/skits/documentaries to spread awareness about something. On the inside, it seems quite boring to do because it takes around a week to organize but the show gets over in less than 15 minutes. But on some days, it's totally worth it. Like today. The Student Council members, NSS volunteers and NCC cadets of my college observed Gandhiji's death anniversary as Martyr's Day today. They put up a beautiful Shraddhanjali set up and performed a skit followed by a candlelight march in the corridor. It was beautiful. I also want to share Bapu's background story with all of you. Since it's probably been quite a long time since anyone has spoken or written about him (I'm guessing your last time would've been during your 10th boards History/Civics paper).
On 26th January, 1950, the Constitution of India came into effect. 70 years on, as we celebrate our 70th Republic Day, students across all schools and colleges performed shows and stunts in honour of the country. Similarly, the NSS (National Service Scheme) and NCC (National Cadet Corps) students of my college put up two spectacular shows yesterday.
NSS VOLUNTEERS HOLDING THE INDIAN NATIONAL FLAG
While NCC focused on all things military, the NSS volunteers took us through the "Timeline of the Indian National Flag". The highlight of the event was how they made girls take center stage for their Motorcade Formation. In today's age where people are fighting for Women Empowerment, this was an epic moment. And let me tell you, the core idea of making the girls ride Royal Enfields and drive Dusters came from the BOYS.
GIRL POWER LEADS TO WOMEN EMPOWERMENT
The NCC cadets were nothing less, with Rifle parades, formations, war depiction scenes and jumping out of moving cars.
If you want to run, run a mile. If you want to experience a different life, run a Marathon. 19 RUNNERS & 200+ VOLUNTEERSTata Mumbai Marathon was an experience to say the very least. With over 200+ student volunteers and 19 runners from college, we set off at 4:30am from home. TMM had 6 category marathons: Marathon 46kmsHalf Marathon 21kmsOpen 10kms Dream Run 5.9kms Senior Citizens Run 4.2kms Champions with Disability 1.5kms Since we were participating in the Dream Run of 5.9kms, our starting point was closest from CST Station. That required us to switch trains at Dadar. You'd expect the station to be empty so early in the morning. But this was Mumbai - the city that never sleeps. Crowded with people (mostly marathon runners), this place bustling with activity.
The weird noises that you can hear in the background are the warning calls given by the other animals around. Other than that, there was pin drop silence in the jungle. Oh! And not to forget the sounds of our thumping hearts!
Presentations, college activities and research work had become my life. Spending 4-5 hours on the laptop and another 3 on the phone had become an everyday thing. Not that I was complaining, but when my college's Nature Club teacher in-charge Prof. Radhika D'Souza asked me if I would like to come on a 4 night, 5 days trip to the Nagzira Tiger Reserve in Nagpur, I immediately said yes. The trip was scheduled from the 28th of December to the 1st of January 2019. This meant that I would be missing my birthday as well as New year in one shot. But trust me, I didn't regret my decision one bit.
Our train was from CST at 3pm. There were around 40 other people on the trip (whom, by the way I didn't know at all; except for a few. But I later on realized that it didn't matter who you knew or didn't know at the beginning of the trip. By the end of it, there wasn't a single person whom you couldn't smile at). This was to be my first long distance train journey. So I…
16th December 2018. What was supposed to be a lazy Sunday morning turned out to be the best and most fulfilling Sunday I had had in weeks. Up until the night before, my plans included going for a Birding Session with my college's Nature Club to Aarey Colony, Goregaon at 5:30 in the morning. For reasons best left unsaid, I decided to sleep in. But what are fathers for then? My dad told me that just because I had woken up late, it didn't mean that I wouldn't be doing anything the whole day. Out came the Times of India where he found out that 16th December was the last day of Times Lit Fest. Within the next 2 hours, I was on a train to Bandra with the Fest Schedule in my hand, circling out the events I wanted to attend.
The theme was WATER. So everything was in shades of blue. Which made me feel as if I had just walked onto the sets of Aquaman. Minus Jason Momoa and Amber Heard.
Mehboob Studio's halls were named after all the Sponsors for their event. So as you walked i…