There are plenty of good things that come out of it, however, I'll be focusing on the dark side of it on this thread. 🌑
Revealing the dark side of open source projects
🧵👇
There are plenty of good things that come out of it, however, I'll be focusing on the dark side of it on this thread. 🌑
It's not unusual to see companies leading the top starred/ forked and used libraries out there.
Angular (Google)
Font-Awesome (Twitter)
React (Facebook)
Bootstrap (Twitter)
Tensorflow (Google)
Flutter (Google)
VsCode...
Here's the thing: 👇
Then, with a bit of luck we can gain some track and carry some people with us on the way.
Gain some stars, becoming a trending dev a couple of days and have a usable and decent project
It is a constant flow of new bugs, issues, questions, enhancements… A never ending task demanding constant monitoring.
That's what I like to call: "The maintenance dilemma".
At some point in time, you’ll have to take a decision:
1 -You stop maintaining it.
2- Or you keep doing it.
You’ll have to choose between a barbecue with friends during the weekend or fixing bugs and closing issues by yourself at home.
Between chilling out with a movie or adding new "urgent" feature.
You know you won’t have time for it unless you decide sleeping is for losers, and at that point, your life is at risk.
Are you sure about that?
I bet you've found tens of unmaintained or dead projects with no support and issues getting accumulated
The "community" tend to just use your "free" project and few are the ones willing help maintaining and improving a project in the long term.
Now, on top of all you do, you'll have to review their pull request, understand it and potentially get into a conversation to fix that issue/feature you've never thought of.
https://t.co/zWfvFiA3Jo
Sure! But specially if developers working on them don't burn out.
Great open source projects tend to be the ones maintained by developers who get paid to work on those.
Those who can dedicate their full-time and effort on improving them.
"But Alvaro, how? Didn't you burned out?" 👇
6 months after that I quit my job to dedicate full-time to it.
I happily answer emails, stackoverflow questions, Github issues, Webflow forums and DMs on Twitter.
I don't see it as a sacrifice anymore but as great opportunity to work on what I like.
It's good for me AND it's good for developers who want to use it.
I've been lucky finding this equilibrium, but not everybody can.
When this doesn't happen, the dark side might end up turning down some projects on the way.
Here's great talk from @fat from Bootstrap and Bower explaining why he feels guilty creating open source projects and the cost of it:
https://t.co/v5a7ZXUtHb
And remember:
“If Once You Start Down The Dark Path, Forever Will It Dominate Your Destiny.”
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A THREAD ON @SarangSood
Decoded his way of analysis/logics for everyone to easily understand.
Have covered:
1. Analysis of volatility, how to foresee/signs.
2. Workbook
3. When to sell options
4. Diff category of days
5. How movement of option prices tell us what will happen
1. Keeps following volatility super closely.
Makes 7-8 different strategies to give him a sense of what's going on.
Whichever gives highest profit he trades in.
2. Theta falls when market moves.
Falls where market is headed towards not on our original position.
3. If you're an options seller then sell only when volatility is dropping, there is a high probability of you making the right trade and getting profit as a result
He believes in a market operator, if market mover sells volatility Sarang Sir joins him.
4. Theta decay vs Fall in vega
Sell when Vega is falling rather than for theta decay. You won't be trapped and higher probability of making profit.
Decoded his way of analysis/logics for everyone to easily understand.
Have covered:
1. Analysis of volatility, how to foresee/signs.
2. Workbook
3. When to sell options
4. Diff category of days
5. How movement of option prices tell us what will happen
1. Keeps following volatility super closely.
Makes 7-8 different strategies to give him a sense of what's going on.
Whichever gives highest profit he trades in.
I am quite different from your style. I follow the market's volatility very closely. I have mock positions in 7-8 different strategies which allows me to stay connected. Whichever gives best profit is usually the one i trade in.
— Sarang Sood (@SarangSood) August 13, 2019
2. Theta falls when market moves.
Falls where market is headed towards not on our original position.
Anilji most of the time these days Theta only falls when market moves. So the Theta actually falls where market has moved to, not where our position was in the first place. By shifting we can come close to capturing the Theta fall but not always.
— Sarang Sood (@SarangSood) June 24, 2019
3. If you're an options seller then sell only when volatility is dropping, there is a high probability of you making the right trade and getting profit as a result
He believes in a market operator, if market mover sells volatility Sarang Sir joins him.
This week has been great so far. The main aim is to be in the right side of the volatility, rest the market will reward.
— Sarang Sood (@SarangSood) July 3, 2019
4. Theta decay vs Fall in vega
Sell when Vega is falling rather than for theta decay. You won't be trapped and higher probability of making profit.
There is a difference between theta decay & fall in vega. Decay is certain but there is no guaranteed profit as delta moves can increase cost. Fall in vega on the other hand is backed by a powerful force that sells options and gives handsome returns. Our job is to identify them.
— Sarang Sood (@SarangSood) February 12, 2020
