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Saved by @Alex1Powell

BREAKING: The EU and UK have agreed a trusted trader scheme that would mean exemptions from tariffs for up to 98pc of goods flowing between Great Britain and Northern Ireland from January 1, @rtenews has learned.
The other 2% wd potentially avail of rebates from any tariffs.

 2/ Tariffs would mostly only apply if no free trade agreement is concluded between the EU and UK.

Both sides have also agreed that agrifood products coming from GB to Northern Ireland will be exempt from requiring export health certificates for a period of at least three months
3/ These have proved the biggest concern for UK supermarket chains in NI, who rely on large and mixed consignments of food coming from GB depots.
Export health certificates can cost up to £200 per product and need to be signed off by a designated veterinary inspector.
4/ It’s understood the issue of how supermkts will comply with EU food safety rules could be dealt with through a UK commitment - possibly a declaration - that it does not intend to change its food safety rules from Jan 1. At that point the rules will be the same as the EU's.
5/ The trusted trade scheme would be subject to a review, or sunset clause, three and a half years after the Protocol comes into effect, according to an internal EU briefing
6/ If the EU is not satisfied with the way the scheme is operating, it can trigger an emergency brake through the EU UK Joint Committee, which is tasked with implementing the Northern Ireland Protocol.
7/ Alternatively, the system could be tweaked rather than halted completely, depending on how it is operating. The 3.5 yr review clause is deliberately timed to precede the first vote of the NI Assembly on whether or not the trade provisions of the Protocol should be continued.
8/ This is under the consent clause of the Protocol.
9/ It’s understood that chilled meats, sausages, mince and unfrozen prepared meals - which are prohibited and restricted from entering the EU from third countries - will be permitted for a period of time, pending a review by both sides.
10/ It’s understood that once a derogation period has elapsed, NI supermarkets will have to source such products locally or from the South.
11/ RTE News also understands that the various grace periods and derogations will give supermarkets time to improve their own food traceability and stock management systems...
12/ ...which in turn could play a role in reassuring MS as to the safety of food supplies entering the single mltarket from GB, which will be a third country.
13/ The EU and UK have also agreed in principle that exit summary declarations for goods going from NI-GB will not be required +the information will instead be generated from data - such as that held on manifests - that already exists for NI-GB ferry consignments.
14/ EU officials who are entitled to monitor the implementation of checks and controls at Northern ports will be based in temporary office space, such as co-working facilities, it’s understood.
15/ These officials, mainly from the customs sphere, will be recruited from member states and rotated in and out of Northern Ireland.
16/ However, EU member states will also be entitled to monitor UK customs databases within their own capitals as part of their surveillance of goods entering Northern Ireland, and thereby entering the rest of the single market.
17/ The College of EU Commissioners is this morning being briefed on the agreement, and both sides are expected to publish the details tomorrow.

ENDS

More from Tony Connelly

Tony Connelly
Tony Connelly
@tconnellyRTE
How significant were @vonderleyen's remarks to the European Parliament this morning?

One senior EU diplomat says takes note in particular of her opening words. "Frankly, I cannot tell you today if in the end there will be a deal."

2/ That this sentiment is being expressed by the European Commission President on Nov 25 with just over a month to Jan 1, is significant. In Brussels there are only two questions: will there be enough time to ratify any deal? Is @BorisJohnson prepared to take a big political step

3/ Yes, it takes two to tango, etc. But it's clear from Von der Leyen's comments that the EU is going to stand firm on the level playing field issue.

4/ “We are ready to be creative but we are not ready to put into question the integrity of the single market, the main safeguard of European prosperity and wealth" she told the EP.

5/ She repeated the demand for "robust mechanisms" to ensure competition is free and fair over time - ie, going back to the language of the Political Declaration. Also, the need "maintain common high standards now and in the future”. That's the "ratchet" or "evolution" clause
EU
Tony Connelly
Tony Connelly
@tconnellyRTE
Here is the rough transcript and story of @realDonaldTrump's NI envoy, his meeting with @simoncoveney and the alleged threat of the EU using aviation as leverage over the UK if the Internal Market Bill led to a hard border on the island of Ireland.

2/ Mr Mulvaney was talking to the @iiea via video link.

Asked about the concerns in the US over the IMB, which breaches the NI Protocol, Mr Mulvaney said that in his meetings with all sides his worry was that the Bill could result in a border “by accident”.

3/ He told the presentation: “The best response I got on the matter was from Simon Coveney when I met with him in Dublin.

4/ “I said to him..., look, Simon, my fear is this: there’s a no deal Brexit. The IMB kicks in, the Brits don’t want to put up a border on the island, because they know what that means, the Irish don’t want to put up a border across the island because they know what that means.

5/ “The Europeans come in and say, well, if you’re not going to control the flow of goods from outside of the [European] Union [to] inside the Union, from Belfast to Dublin, for the sake of this discussion, we’re going to force you to ring the whole island of Ireland
POLITICS
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Tony Connelly
Tony Connelly
@tconnellyRTE
NEW: Michel Barnier has told EU member states there has been some movement on the level playing field, and on dispute resolution, but that fisheries talks remain "very difficult" @rtenews understands. Sources say this could go through this week and beyond...

2/ Acc to one senior source, Barnier said there was acceptance that the EU could take retaliatory measures against the UK if it diverged from EU standards but that it would not be "autonomous", in other words, before taking action there wd need to be some dialogue with the UK

3/ "It's the operationalisation of that principle that is now under discussion," acc to source. The EU see this is progress as for a long time the UK refused to accept that if they diverged the EU had a right to do something, says the source

4/ "That principle has now been accepted, but how it is implemented is the nub of the dicussion."

5/ From the EU perspective the concern is the UK might change its rules to make it more competitive, says the source. "Barnier seemed positive that the principle of couter-measures had been agreed."
EU & UK
Tony Connelly
Tony Connelly
@tconnellyRTE
After Michel Barnier's briefing of EU ambassadors this afternoon, here's where things stand:

2/ There is a basic deadline of Christmas Eve to get a deal. That will give the EU's legal services time to draw up a letter to send to the UK seeking provisional application of the treaty from Jan 1

3/ It's understood officials will need four days at a minimum to draft a letter seeking provisional application of the treaty (all this is on the basis that it is pretty much too late for the European Parliament to ratify the treaty on time for Jan 1)

4/ On the prospects for a deal: diplomats say they're not ruling out a deal by Christmas eve. Michel Barnier said there had been significant progress. Member states expect to convene a meeting of the Working Party (of Brexit coordinators) every day (except Christmas Day)

5/ Acc to one diplomat Barnier will publish the text once/if it's agreed, but before it's been legally scrubbed. Member states can approve the text via written procedure (sending a formal letter) as there are no Council meetings foreseen to do it in person between now and Dec 31
EU
Tony Connelly
Tony Connelly
@tconnellyRTE
Breaking: The DUP and Sinn Fein leaders have sent a joint letter to the European Commission describing as “unacceptable” the alleged threat to the continuity of existing food supplies to Northern supermarkets once the Northern Ireland Protocol takes effect.

2/ The letter, seen by @rtenews, and signed by @DUPleader and @moneillsf, highlights the problem of the need for checks and controls on food products entering Northern Ireland from Great Britain from January 1 and how that might impact on the supply of food to supermarket chains.

3/ The First/Dep First Ministers write: “It is hard to imagine a more fundamental aspect of everyday life than the purchase of daily food supplies...

4/ "Hence we would ask you to recognise how important it is that the current consideration of the detail of how the Protocol will be applied takes our unique context into account.”

5/ Under the Protocol, food and animal derived products entering NI from Great Britain will be subject to the EU’s food safety regime, meaning that so-called sanitary and phytosanitary (SPS) checks will be required on a range of products destined for supermarket shelves.
POLITICS

More from Trading

Aditya Todmal
Aditya Todmal
@AdityaTodmal
A THREAD:

BEST OPTIONS STRATEGY FOR CONSISTENT INCOME -

OPTIONS WHEEL STRATEGY

Everything to know about this strategy I'm posting in this thread.

(1/12)


Step 1: Stock Selection

1. For this strategy you're going to have to choose some stocks that you think will be doing well in the future/long term.

2. Stock must be in an uptrend.

3. Stock options should be liquid enough to trade in.

4. List of stocks attached

(2/12)


Step 2: Which option to sell?

1. Sell put at a support according to charts.

2. Sell put at a strike far away from the spot where you think the probability of the stock falling will be very very low.

3. Sell put at a price where you're willing to buy the stock at.

(3/12)


Step 3: What to do when in profit/loss?

1. If in profit you can just roll up the puts thereby increasing the ROI or shift to other stocks to make more profit.

2. If in loss take delivery of the shares equivalent to the lot size in cash market.

(4/12)

Step 4: What to do after taking the delivery?

1. Sell calls to lower your cost price of the stock. For eg, you took delivery of Reliance at 1900, sell 2100 CE which is about 10% away.

2. Keep doing this till your CE expires ITM and then give delivery of your stock away

(5/12)
TRADING , OPTIONS
Emperor\U0001f451
Emperor👑
@EmperorBTC
Technical Analysis Masterclass- Part 2

'Entering the trade'

Entering a trade without ascertaining a certain things is gambling.

In this masterclass we will learn the pre-requisites to enter a trade.

DON'T ENTER A TRADE WITHOUT DETERMINNG THE FOLLOWING.

Please share.

We understand what reward to risk (popularly called risk to reward) is.
It will be denoted by R:R.

We will also try to bust a few myths about R:R and how to avoid losing trades.

Before entering a trade, you need to determine 3 things.

1. Entry trigger
2. Stop loss
3. Target

1. Entry trigger = Reasons for entering a trade. There could be multiple reasons or a single reason for entry.

Generally a set of reasons AKA confluence is a higher probability trade and a generally a safer entry.

Example of an entry trigger.


2. Stop Loss.

The price in the opposite direction of the trade where the trade is exited, at a loss.

At this level, the reason for the entry becomes invalidated according to TA and the price can then move in the opposite direction, probabilistically.


3. Target is the possible price level that the asset might touch based on previous trends or confluence AND where a possible reversal could occur.

Target is the next path of least resistance from where the price might reverse.

We will always ONLY use TA to determine all 3.
TRADING
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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
Shravan Venkataraman \U0001f525\U0001f680\U0001f4b0
Shravan Venkataraman 🔥...
@theBuoyantMan
Working on some execution optimisation related backtesting. I have so far been executing with market orders only. Going towards higher lot sizes, I'd like to optimise for minimal slippage.

First off, on NSE, if you place a market order, you get filled at the best bid/ask right?

If we want to optimise this, the first non-creative idea one can think of is, slicing the order into different lot sizes, and placing a limit order for each slice at the mid point of current best bid & ask.

But this requires your latency to be the least.

Why would latency affect it?

I looked at tick historical data, and there are more than 18-20 ticks in a second (auction and quote combined).

Even if you keep 10 ticks per second, your best bid/ask can shift from the time you place to the time exchange receives the order.

So, the next best thing that people can do is place tranches of orders every 1s, 3s, 5s, 10s, 15s - in their preferred time range, and get filled at the midpoint or best-bid+1/2/3/4/5 in the depth.

What you need is liquidity.

But if you're trading breakouts, then it's highly likely that your limit orders may not get filled if the action is too fast.

So, a retry mechanism is required in such cases.

If nothing works, you convert your orders to marketable and get filled at worse slippage.
TRADING
Aditya Todmal
Aditya Todmal
@AdityaTodmal
I gathered the best Youtube videos to learn Expiry trading for free.

If you want to master expiry trading, open this thread: 🧵

Collaborated with @niki_poojary

Here's what you'll find in this thread:

1. ATM strikes to zero
2. Big Gaps on Expiry Day
3. How to trade expiry when Nifty is behaving differently
4. Using Data points to trade expiry
5. Play for a flat move
6. How to profit post 3 pm exploiting the close price?

Let's go ↓

1. How to develop a framework to trade in ATM strikes on expiry day? Subhasish Pani on @vivbajaj Sir's channel.

One of call or put at ATM is going to go to zero.

Whichever is moving rapidly has a higher probability of going ATM/ITM. Sell the slower

2. How to trade a big gap up on expiry day?

If market bias is bullish and a gap-up happens, it comes for selling.

Can buy puts at the breakout of an inside candle as the market has a good probability of at least heading toward the previous day's

3. How to trade in Bank Nifty if it has already moved 160 points from its high to low by 11:30? @ThetaGainers

Sell near otms with double stop loss.

Avoid if stuck in a very small range.

Get out of both by 1
TRADING , ALL

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I have spent 1.5 months on this app. You can make more $ in 2 days.

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omg I just realized that me . com is an Apple domain, of course something wouldn't work with these dicks
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Steve Stewart-Williams
Steve Stewart-Williams
@SteveStuWill
THREAD: 12 Things Everyone Should Know About IQ

1. IQ is one of the most heritable psychological traits – that is, individual differences in IQ are strongly associated with individual differences in genes (at least in fairly typical modern environments). https://t.co/3XxzW9bxLE


2. The heritability of IQ *increases* from childhood to adulthood. Meanwhile, the effect of the shared environment largely fades away. In other words, when it comes to IQ, nature becomes more important as we get older, nurture less. https://t.co/UqtS1lpw3n


3. IQ scores have been increasing for the last century or so, a phenomenon known as the Flynn effect. https://t.co/sCZvCst3hw (N ≈ 4 million)

(Note that the Flynn effect shows that IQ isn't 100% genetic; it doesn't show that it's 100% environmental.)


4. IQ predicts many important real world outcomes.

For example, though far from perfect, IQ is the single-best predictor of job performance we have – much better than Emotional Intelligence, the Big Five, Grit, etc. https://t.co/rKUgKDAAVx https://t.co/DWbVI8QSU3


5. Higher IQ is associated with a lower risk of death from most causes, including cardiovascular disease, respiratory disease, most forms of cancer, homicide, suicide, and accident. https://t.co/PJjGNyeQRA (N = 728,160)
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Jig's Patel
Jig's Patel
@jigspatel1988
How to trade on Expiry day with Nifty straddle?
(System trading on Expiry)

Triple straddle is one of the best and accurate methods for expiry day

If nifty trading at 15720 then will sell three straddles above 50 points from ATM, below 50 points and ATM.

Ex.
Sell straddle 15700(ATM), 15650(ATM-50), 15750 (ATM+50)

Stoploss of 80% on every leg and run your trade till 3 PM

Once SL hit in any Leg just keep holding other leg till expiry with SL (Never or less chance to hit both SL on expiry day)

Trading timing at 9:20 the Morning
ALL , STRADDLE BACKTEST , STRADDLE
Anu Satheesh \U0001f1ee\U0001f1f3
Anu Satheesh 🇮🇳...
@AnuSatheesh5
Velimalai Kumaraswamy Kshetram
Kumarakovil, #Kanyakumari
#Tamilnadutemples 🚩

Velimalai Kumaraswamy Temple is a Murugan temple located in Kanyakumari District of Tamilnadu.

Muruga faces east and is said to be facing Sthanumalayan (Paramashiva) of Suchindram. Muruga is of


eight feet vigraham and Valli thayar is six feet tall. Eventhough Thiruthani is believed to be the place where Subrahmanya married Valli, it is also believed that Valli’s thayar's marriage took place with Murugan here.

There is a Kalyana Vinayakar sannidhi
who helped Muruga's


marriage with Valli. Kumarakovil is also known as Kumara Kshetram and Subrahmanya Sthala. The Tamil epic Chilapathikaram refers to the temple as Chera Nattu Aeragam

Wedding of Valli and Murugan is celebrated here in the Tamil month of Panguni (March-April).

Om Muruga
🙏🕉🙏
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Noah Smith
Noah Smith
@Noahpinion
1/Politics thread time.

To me, the most important aspect of the 2018 midterms wasn't even about partisan control, but about democracy and voting rights. That's the real battle.

2/The good news: It's now an issue that everyone's talking about, and that everyone cares about.

3/More good news: Florida's proposition to give felons voting rights won. But it didn't just win - it won with substantial support from Republican voters.

That suggests there is still SOME grassroots support for democracy that transcends

4/Yet more good news: Michigan made it easier to vote. Again, by plebiscite, showing broad support for voting rights as an

5/OK, now the bad news.

We seem to have accepted electoral dysfunction in Florida as a permanent thing. The 2000 election has never really
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