BC TRADING
Saved by @Alex1Powell

1) The Ecosystem, Part 1:

Getting Dressed

 2) NOT INVESTMENT ADVICE

and even more importantly, not clothing advice
3) This story ends with @bonfida, but it starts with @SushiSwap.

By now pretty much everyone knows the story:

The meteoric rise, the sudden crash, the dormant period, and the recovery.

This story starts at the lowest point: right after the migration.
4) See, the lowest point *should* have been right after nomigate.

But of course there was negative sentiment then! That was expected.

The brutal part for the project was after the fires were put out--the dev funds returned, the migration successful.
5) That should have been the recovery.

But instead, Sushiswap endured a month of the most negative sentiment I've ever seen a project have.

There was a chat, as the major builders and multisig holders got things off their chest.
6) Most were receiving threats daily--some physical, but even more so not-so-thinly-veiled threats on their job:

"desert Sushiswap or I'll pressure your company to fire you".

It was a perfect storm of coordinated attack, disorganized sadness, and all around frustration.
7) And in a key moment-

just as some were thinking of quitting, because they didn't want to take it anymore-

there came an outpouring of solidarity.

Sushiswap wasn't perfect, and in some cases it wasn't even good. But it didn't deserve what it was getting.

"Fuck the h8ters"
8) Sushiswap has gone from the most shit on project to the newest revival.

SUSHI was up 6x from its nadir.

All of a sudden, it's popular again.

Why? What happened?
9) Well, partially Uniswap rewards ended.

Partially people got bored of shitting on Sushi.

But more than even of those, right at the lowest point, Sushiswap made a decision.
10) Sushiswap had originally taught the world that in so much of DeFi, the emporer had no clothes.

https://t.co/tcvJXJTrNY

But at its lowest point, Sushiswap found itself naked.

So it did what you do there: it ignored the noise and got dressed.

'Fuck the h8ters. Just build.'
11) And over the next months, Sushiswap pushed the frontier: between the website redesign, weekly pools, limit orders, Bento Box, and more.

It rolled out more than almost any other project in DeFi did. Frankly, it left most in the dust.

https://t.co/NAqLxTsK6g
12) And now, months later, the space has come to appreciate what was built.

-------------

So what does this have to do with @bonfida?

Serum was never in the doghouse the same way Sushiswap was.

But for all its promise, it started with nothing.
13) No users, no apps, no tools.

What do you do what there's no good Solana wallet?

You build one.

And then you help others build more.
14) Six months ago, Serum didn't exist.

Those six months are nothing on a cosmic scale, but they feel like an eternity. What have they brought to the ecosystem?

Well, of course, there's the world's only high performance on-chain DEX: https://t.co/16Vp8zPjV4
15) But in the background, so much more has been building up.

Because, for a few months, there wasn't a huge marketing barrage or persuasion campaign. In the end actions speak louder than words.

So first you get dressed.
16) There are a lot of awesome projects on the cusp of being released on Serum.

But Bonfida alone as built a shocking amount in less than half a year.
17) a) It has an AMM. And it's fast, and cheap! That's pretty cool--the world's highest performance AMM, in a few months. https://t.co/ps0o8J2IOx

b) Oh, right, also one of the world's only fully on-chain matching engines: https://t.co/VILVwF0IpQ

c) And TradingView Charts!
18) d) You can create new orderbooks: https://t.co/6m6K5aEnJr

That's a lot for a few months!

e) Oh also it has on-chain Pools??? https://t.co/xVWs5deto2
19) f) It has a sweet dashboard for Serum! https://t.co/b4XcGPdKmp

g) And an API serving tens of millions of calls per day to CoinGecko, CoinMarketcap, apps, and more! https://t.co/69pje01OMg

So it's an analytics sweet for Serum.
20) h) ...there's a wallet: https://t.co/102CHcmd06

i) ...and a tool to mint your own brand new token! https://t.co/ZI8GeBWvMW

j) plus a bit of free SOL to get started: https://t.co/QQcrI4AKd7

A token management suite for Solana built in a few months. Not bad!
21) k) ...andm to top it off, an NFT exchange: https://t.co/6ois89O8jY

Now it didn't build all of this from scratch--many of these products are composed with primitives that others have been building out on Serum this year.

And that's totally fine.
22) Bonfida has built more products in the last months than most projects ever release.

And on top of that, it's composed, wrapped, and GUI-ified even more.

None of this takes away from the incredibly intricate work from @blocks_go_brr, @armaniferrante, @seb_alameda, and more.
23) It adds to it, because that's how DeFi works. It's open, and composable, so that each app can gain from the others rather than compete.

Bonfida has built a ton. And on top of that, it helps each app be its best self.

It's just getting started.
24) Anyway, tonight @bonfida's token, $FIDA, will list: first IEOing on https://t.co/16Vp8zPjV4, then listing on it, @BitMax_Official and @FTX_Official.

The action starts in 3 hours:

https://t.co/7rUsDYybK8
25) And whether or not you're interested in $FIDA, you should check out @bonfida.

https://t.co/16Vp8zPjV4

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Fabiana Cecin 🏴 🌹...
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If it works, and it is decentralized, then why would we need more than one global-reach currency?

If it does the job perfectly, then why do we need another?

I don't mean there won't be others. What I mean is that maybe Crypto UBI will be like the existing non-democratic crypto market ranking. There will be a first-place market cap amount, and exponential decay to the #2, #3, #4, etc.

This is in contrast to the simplistic view where we assume there will be X systems and they all have more or less the same abstract Y market cap or reach, and they all add up to an integrated system with X*Y market cap.

All you have to do is design the controls the way they want to be designed. If you don't introduce some unneeded damage in it, then there won't be the need to come up with another system that fixes the damage and actually does complete "the system" that we will use.

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Anarchist \U0001f4a3Federation \u2764\U0001f5a4
Anarchist 💣Federation ...
@AnarchistFed
While watching the GameStop stuff has been mildly hilarious (I mean who doesn't like watching the financial elite squirm?) it's pretty clear that a whole bunch of folk have convinced themselves this is ACTUALLY some kind of revolutionary activity. It isn't. 1/


Sure, it's highlighted yet another way in which the bastards profiteer but that's about it, stick it on the pile with the fifty other pro tips to keep the poor, well poor... It's todays banter and tho a few folks might have egg on their faces, literally nothing will happen. 2/


GameStop's three largest shareholders have earned £1.5bn+ during this. They sit at the top of some 200 institutions which are rolling. Meanwhile the ersatz rebels are now watching the bubble, realising there is profit to be made and having a wibble. 3/


No doubt some TRULY believe they are taking part in some kind of revolution but frankly it's utterly absurd and the vast majority are in it for the lulz and to cash in quick.

I'm sorry to tell you this, but you don't own GameStop.

4/


The reality is, the scale of the economic disparity and corruption is simply vast. Billionaires loosing a few millions means nothing. They buy one less yacht and you continue to live meal to meal.

The "Free Market" changes a few systems and the abuse continues. 5/
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Trader knight
Trader knight
@Traderknight007
A THREAD ON SL, TSL AND RE-ENTRIES-


WHERE TO PUT THE SL-

1. NEAREST PIVOT/SWING POINTS-

Normally I use this method for placing sl, In this method we use swing point for placing the SL.

As normally the stock would not try to go below previous swing point if it is to go in our direction.


2. ATR method-

Sometimes the Stock do not have any nearest pivot at time of buy, So we use this method as it gives us a level on basis of current volatility of the stock.

I use 1.5 ATR away sl , say the ATR at point of entry is 30, so I place sl
1.5 X, or 45 rs away from entry

In below example the entry is 120, ATR=5, SL= 1.5X ATR= 7.5 OR 113.

Nearest pivot was too far away, that’s why this method is used in these cases.


4. Anchor candles-

Anchor bars are those which have extreme Volume, gaps or wide Ranges.

Here, we place our sl below those candles which has the above characteristics.
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OptionSeller(Vardhan)
OptionSeller(Vardhan)
@CaVardhanca
If you really want to make MONEY in markets:-

Instead of finding SUPPORTS to BUY in Bearish Markets, try to SELL near RESISTANCE in PULL BACKS.

Instead of finding RESISTANCE to SELL in Bullish markets, try to BUY near SUPPORT in PULL BACKS.

You are all set to make MONEY!!!
TRADING
Nikita Poojary
Nikita Poojary
@niki_poojary
An option buyer made Rs. 58 lacs from Rs. 2 lac capital in a span of just one month (March 2020 COVID crash).

He is none other than Mr. Subasish Pani.

THREAD: 11 things you must know to become an option buyer.

Collaborated with @AdityaTodmal

•Don't get carried away with the kind of return that Mr. Pani made in such a short period of time.

•This requires a high level of skill, and discipline in terms of which strike to choose, which time to trade, and which days to trade.

•It also comes with higher drawdown.


1/ Screen Time:

• Indian markets function from 9:15-15:30.

• Dividing this time zone into 3 sub parts:
- 9:15 to 10:30: trending market
- 10:30 to 13:30: for retracement
- 13:30 to 3:30: trending

2/ Focus on momentum:

• Option buyers make money when the momentum is quick.

• However if the market remain sideways for few days then the option starts to lose its value.

• This is because theta decay works against option buyers.

3/ Option buyers need momentum to make money:

• Hence focus on the 1st & 2nd time zone where the markets are trending.

• Avoid taking trades between 10:30am till 13:30.

• Special focus on Wednesday & Thursday as premiums are low and if you can catch momentum then good R/R.
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Catch me if you can @Mitesh_Engr

Time for a🧵
Mitesh Sir's EXPIRY Option Selling 101:
• What to look for?
• Strike Selection & Ratios
• SL mgmt
• Avoiding freezes
• Monthy Expiry
• Event days
• How he would have traded last expiry?

In collaboration with @AdityaTodmal


Edward de Bono says intelligence is like a🚗 Automobile

“A powerful car may be driven badly. A less powerful car may be driven well. The skill of the car driver determines how the power of the car is used.”


What @Mitesh_Engr Sir looks at for Expiry Trading:

• Technicals of BNF
• Individual Heavyweight stocks of BNF
• Support/Resistance of BNF on weekly TF
• Also has Superb SL management
• When it comes to adjustments, he is always on toes


How to Select Strikes to Sell?

• You can't sell based on premium
• Follow only trend
• Price action is best to sell on expiry day
• Never wait for the options to go to zero


Using Ratios to Sell:

• If BNF is in a range then strangles
• If breakout/ breakdown from a range then directional
• Selling 70/30 or 80/20 ratios
• 2 examples on how he used ratios
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SK
SK
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Margatha Natarajar murthi - Uthirakosamangai temple near Ramanathapuram,TN
#ArudraDarisanam
Unique Natarajar made of emerlad is abt 6 feet tall.
It is always covered with sandal paste.Only on Thriuvadhirai Star in month Margazhi-Nataraja can be worshipped without sandal paste.


After removing the sandal paste,day long rituals & various abhishekam will be https://t.co/e1Ye8DrNWb day Maragatha Nataraja sannandhi will be closed after anointing the murthi with fresh sandal paste.Maragatha Natarajar is covered with sandal paste throughout the year


as Emerald has scientific property of its molecules getting disturbed when exposed to light/water/sound.This is an ancient Shiva temple considered to be 3000 years old -believed to be where Bhagwan Shiva gave Veda gyaana to Parvati Devi.This temple has some stunning sculptures.
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STEALTH JEFF
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@drawandstrike
Ok I was wrong about theHouse. 2 years of legislative gridlock = not fun. Few bills passing.

Control of the House is useless when it comes to keeping Trump from declassifying all the SpyGate docs. Or stopping an Inspector General from releasing a report.

Trump still gets control of judicial appointments so we can expect another 100 judges over the next two years. This time there’ll be no McCain or Flake playing the Maverick role with their swing vote.

That new margin in the Senate is huge if another Supreme Court seat comes open.

So from the responses I’m getting, people seem to think if Trump declassifies the Spygate stuff now, nothing happens.

Are you under the impression federal prosecutors have to wait until CONGRESS finishes an investigation and makes criminal referrals before the DOJ can act?

There’s a federal grand jury on McCabe right now. Did Congress ever finish it’s investigation and make a referral to the DOJ against him?

No.

BUT INSPECTOR GENERAL HOROWITZ DID. On finishing his McCabe leak report.

Funny how nobody remembers that.
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