BC TRADING
Saved by @ThomassRichards

I am shocked...SHOCKED...that nobody in the media or political sphere can understand what is going on behind the scenes that is causing clearing firms to block trading in certain ridiculously volatile securities.

 Pretend Robin Hood is a casino (a stretch I know).

Casinos hold a certain amount of cash reserve on hand to cover all daily activities. Now imagine everyone playing starts winning big all at the same time. Slots, tables, etc and the House is losing huge. /2
The Casino's cash reserve is getting dangerously low, a few more big wins to pay out and they'll have no cash left. So they go out and close a few rows of tables, rope off some slot machines, forcing some players to be unable to play. /3
Then they call the bank and have them deliver a new boatload of cash, and reopen the Casino fully once they have enough to operate again.

That's kind of what is going on behind the scenes here, in the plumbing of the markets. /4
Most people have never heard of a "clearing firm", but without them the stock markets wouldn't function. Most of the largest brokerages are "self-clearing", meaning they also run their own clearing firm, but many use a third party.

See below: /5
https://t.co/a5Cyr4WOGZ
Clearing firms are the intermediary that guarantees the stock transactions in the marketplace, ensuring that any trades settle in a timely manner.

They can also provide financing to accounts through Margin or Risk-based leverage, on both long and short side of the market. /6
To do all this they need to maintain a regulated level of capital requirements, kinda just like the Casino does. Except more complicated, because they need to account for all of the risk and loans on their books as well. If they can't meet these requirements it is a big deal. /7
Now there are a lot of enormous and unprecedented things going on in the stock market, especially with options on these very volatile stocks. The risk is off the charts, literally. And if trading on margin, the clearing firms bear an enormous part of the risk. /8
Especially with some of the insane options trading going on, but also with shorts, there is technically INFINITE RISK. We've all seen some huge Hedge Funds get rolled over by this, but it is likely that some of the smaller clearing firms are taking some hits as well. /9
Clearing firms always have the ability to force liquidation when margin or risk requirements are not met, and they also have the ability to tighten those requirements at will.

So while some of these WSB traders are ok risking insane amounts of money, these firms are not. /10
The reason why they have gone to 100% requirement, or simply blocked all new purchases in these WSB stocks is because their own financial situation is under enormous pressure. Likewise, the riskiest positions are being closed out in a completely legal manner. /11
That of course doesn't change the optics, and will not stop all sorts of people from coming up with their own theories, but it is likely the reality under the hood.

/end

More from Trading

Christian Reshoeft
Christian Reshoeft
@reshoftc
(Thread) Why do I own individual stocks?

Thesis:

1. The digitalization of our world is 10% complete.
2. This megatrend will continue for at least another decade.
3. If you enjoy spending your free time on individual stocks, then the potential for outsized returns is possible.

What is my approach?

There are two parts to my portfolio.

- 40% in Vanguard All-World ETF. This is on autopilot w/ regular contributions.
- 60% in what I consider to be high growth stocks

I keep a balance by adding cash. No shuffling around unless it gets too out of whack.

The latter is the interesting part.

I invest in companies that can

1. successfully disrupt an industry with new business models $TTD $SQ $PTON $TDOC

2. further enable the digital transformation with their services and infrastructure $ZS $HUBS $TWLO $CRWD

I intend to hold my shares indefinitely and allow my investments to compound over time.

I don’t believe that it is possible to time the market. Markets go up and down. I hold on knowing that quality businesses tend to bounce back.

The list of reasons to sell is always long.

If you have full conviction in your holdings, then no single piece of “infotainment” should make you change your mind.

Ignore it + people who make predictions about the economy.
TRADING , FINANCE
James Mishra
James Mishra
@rishmishra
(1/25) A number of Silicon Valley investors are putting their money and influence into a campaign to gaslight rape victims into not seeking medical treatment

despite the warnings of top law enforcement officials

and NOBODY is talking about this.

(2/25) First, a little about me. I used to be a licensed sexual assault crisis counselor, counseling victims admitted to one of three Minneapolis emergency rooms.

After I'd speak to the victim, they'd receive a medical exam from a Sexual Assault Nurse Examiner (SANE).

(3/25) During the exam, DNA and other evidence is collected with a "rape kit" to optionally be used in a civil or criminal case.

(4/25) But collecting evidence is not the ONLY reason to receive an exam.

The victim may also receive:
- counseling (hello!)
- treatment for (potentially invisible) injuries
- medications like Plan B and emergency antiretroviral therapy for HIV prophylaxis.

(5/25) Leda Health, a startup cofounded by Madison Campbell and Liesel Vaidya, is raising money to sell "do-it-yourself" rape kits that wouldn't require a hospital visit

which is possibly the most HARMFUL startup idea that I have ever heard of.
TRADING
Advertisement
Amrit Kummer
Amrit Kummer
@maqstik
Some observations and thoughts on ZILSwap: What went well, its impact on the $ZIL ecosystem and where we need to improve with some concrete plans that are being worked on. A thread:

👇

1/ ZILSwap was launched by @SwitcheoNetwork on Oct 5, 2020 (~2 months old). Soon after, we noticed for the first time, a flurry of ZRC-2 tokens (equiv. of ERC20s on $ZIL) getting launched on the network (even though the fungible token standard had been around for a while).

2/ The ability to provide a marketplace for people to exchange tokens was the trigger for deveopers to start issuing tokens and developing a token economy. In fact, there was a token for which, the entire supply was put on a ZILSwap pool w/o any team withholding.

3/ This was an extreme example of why a DEX was needed and the role it played in bootstrapping several tokens and respective token economies. Over 25 tokens are available on ZILSwap in the form of liquidity pools. The total pool size across all tokens is over USD 1 million.

4/ ZILSwap also made it possible for the first time for anyone to get access to $XSGD (the Singapore Dollar Stablecoin issued by @xfers). In fact $XSGD and $gZIL contribute the greatest proportion of the total pool.
TRADING
The Chartians
The Chartians
@chartians
A 17 point summary on my 2000+ days as a trader:

Wont take more than 10 minutes ! 🧵

1. Market cycles
Market Always moves in a cyclical way, supply and demand is basic principle for any cycle that involves money. Crack it you’ll be way ahead of the curve.

2. History rhymes
Always remember that history wont repeat but will surely rhyme - go and see all major falls and all major rises. Core principles are same, triggers are variable.

3. Time > Timing
Many people say that timing the mkt is very essential but according to me the more time you spend the more you get to know about mkt that jo course will teach you.

4. Survival
If you manage to survive for the next 3650 days in the market - trust me for the fact that you will definitely be a part of one commodity one bull and bear mkt. Its more valuable than any 1L INR course.
TRADING , ALL
Investment Books
Investment Books
@InvestmentBook1
Knowledge sharing initiative Book 4: "The interpretation of financial statements" by Benjamin Graham.

This book was published around 1937 by investing legend Ben Graham. Ben is also regarded as the guy under whom the great Warren Buffett started his investing journey.


This book teaches financial statement analysis in a very simple manner. It also focuses on the key relationship between P&L, B/s & Cash flow statements of a company.

Here are key takeaways from the book 👇👇

1.B/s shows how much a company owns (assets) & owes (liabilities) at a particular point in time mostly prepared on a semi-annual & annual basis.

2.Assets=Tangible (PP&E, inventories, accounts receivable, cash)+intangible Assets (trademark, lease rights, goodwill)

3.Liabilities=Short term debt (accounts payable,current portion of long term debt,advances from customers) + Long term Debt (bank loans,bonds,lease liability)
4.Tangible assets are written down through depreciation & intangibles are written down through amortization or impairment

5. Depreciation & amortization means normal wearing out assets over its typical lifespan. It allows the cost of the asset to be charged off (in the income statement) over a number of years.

6. Depletion gets applied in commodity businesses like cement, mining, and crude oil.
TRADING

You May Also Like

The New York Times
The New York Times
@nytimes
Stan Lee’s fictional superheroes lived in the real New York. Here’s where they lived, and why. https://t.co/oV1IGGN8R6


Stan Lee, who died Monday at 95, was born in Manhattan and graduated from DeWitt Clinton High School in the Bronx. His pulp-fiction heroes have come to define much of popular culture in the early 21st century.

Tying Marvel’s stable of pulp-fiction heroes to a real place — New York — served a counterbalance to the sometimes gravity-challenged action and the improbability of the stories. That was just what Stan Lee wanted. https://t.co/rDosqzpP8i


The New York universe hooked readers. And the artists drew what they were familiar with, which made the Marvel universe authentic-looking, down to the water towers atop many of the buildings. https://t.co/rDosqzpP8i


The Avengers Mansion was a Beaux-Arts palace. Fans know it as 890 Fifth Avenue. The Frick Collection, which now occupies the place, uses the address of the front door: 1 East 70th Street.
CULTURE
\U0001f1fa\U0001f1f8I Support Our Military & Law Enforcement\U0001f1fa\U0001f1f8
🇺🇸I Support Our Milita...
@TheWiseOwl_AZ
1. We were informed that Tier 4B (us, the Internet Group) would receive 800# notification on Wed. 16 Dec. (A Shotgun Release of liquidity started on Mon. 14 Dec.).

Redemption Center personnel were scheduled to work for the next nine days from 8:30 am to 8:30 pm until...

2. ... Dec. 24, when they would close at 5:30 pm.

The general public would begin exchanging at the new International Rates on the first banking business day after the Christmas Holiday.

A. The RV, NESARA, GESARA, Restored Republic and Martial Law

3. According to Charlie Ward we began the Ten Days of Darkness on Tues. 15 Dec. The Ten Days would finish Dec. 24 Christmas Eve with the US going into NESARA and then the rest of the world would go straight into GESARA on 1 Jan. 2021.

4. Every single country and territory has agreed to GESARA. The UK government corporation was liquidated in Oct. last year and it was finalized last week. France has started breaking up their Parliament. Everything needed for implementation of NESARA/GESARA was finished.

5. Trump’s Christmas present: In a recent Executive Order President Trump declared that all government agencies (except for essential ones) permanently close on Dec. 24 2020. Trump had that authority since we were already under Martial Law (the US had been functioning under...
WAR
Advertisement
\u09a8\u09bf\u09ac\u09c7\u09a6\u09bf\u09a4\u09be
নিবেদিতা...
@NiveditaNarayan
Remembering the Bengali scientist Dr Subhash Mukhopadhyay- the Pioneer of IVF in India, the creator of India's first and world's second child using IVF on his birth anniversary. The Father of IVF in India who was rewarded with suicide was born on 16.01.1931in Hazaribagh.
#Thread


Dr. Subhash was the son of a doctor and studied at the National Medical College in Kolkata after completing his schooling. Fascinated by innovations in gynaecological surgery from his early days as a medical student, he completed his PhD in reproductive physiology +


from the University of Calcutta before going to the Edinburgh University in UK for a PhD in reproductive endocrinology. On his return to India in 1978, he started researching ovulation and spermatogenesis. Soon after, he teamed up with Sunit Mukherji, a cryobiologist +


and Saroj Kanti Bhattacharya, a gynaecologist, to work on a method of in-vitro fertilization for a patient (Bela Agarwal) with damaged fallopian tubes. +


Mukhopadhyay with a double PhDstarted work on IVF techniques in the mid 60s and created history by becoming the first physician in India and second in the world after British physicians Robert Edwards and Patrick Steptoe) to perform the In-vitro fertilisation. +
INDIA
Anu Satheesh \U0001f1ee\U0001f1f3
Anu Satheesh 🇮🇳...
@AnuSatheesh5
Chennimalai Murugan Kovil
#Erode
#TamilNaduTemples 🚩

Chennimalai Murugan Temple is located  near Perunthurai in Erode District. Murugan is worshipped here as Dandayudapani. Temple is situated on the banks of Noyyal river also called Kanchima Nadhi. Temple is situated in a hill


Sthala Puranam says that, there lived a Landlord who had many cows in his farm. One among them was a Black Cow, which didn't give milk. Land lord observed that evening time, when all the cows came back after grazing, this cow used to go to a particular spot and gave all  the milk


by itself. He decided to dig the spot where the cow gave its milk

On digging a beautiful Vigraham of Murugan was found, but lower portion was very rough. So he called a great sculptor to soften it. Everyone was shocked to see that on the first chisel the vigraham bleeded.


Land lord realized that Murugan wanted the Vigraham the way it was.

Thus Prathishta was done on Chennimalai hill. It is believed that Sivalaya Chola got relieved from his Brahmahatti Dosha here. Kanda Shasti Kavacham was first offered here.

Muruganukku Haro Hara
🙏🕉🙏
ALL
Jaya_Upadhyaya
Jaya_Upadhyaya
@Jayalko1
DEVI KARUMARIAMMAN, THIRUVERKADU (TN)

Devi is worshipped here as both Swayambhu (self-manifested) and as Parashakti (with 4 arms holding skull,sword,trishul,udukkai/damru).

Here, Muruga got Vel from Devi to fight Suran. So the place was called Vel kadu which became Verkadu.


It is said that there was an anthill here long ago. Devi appeared in the dream of a devotee and asked him to build a shrine at that spot. When the anthill was removed, the swayambhu murti of Devi emerged. So Devi is called Karuvil Illadha Karumari ( not in the womb of mother).


Once, Devi went to Surya in the form of an old woman but Surya neglected her. Devi’s anger made Surya lose his brightness.
To appease her, Surya said that His rays would fall on Her directly twice in a year and touch her feet. Also, Sunday is celebrated as day of Devi Karumari.


There is also a wooden image of Devi (Marachilai Amman) here. Devotees offer locks to her in the belief that She would safe guard their houses.
Temple tank (Thiruchamber Poigai) is said to have been created by Subramanya. Taking dip in it is said to cure skin related disorders.
ALL


Category Partner: Enkryptopedia