BC STARTUP
Saved by @SteveeRogerr

I really like @sweatystartup’s tone - and I think it applies to trading

Most fintwits try to sound smart and do complex formulas to convince you you’re too dumb to manage your own $. It’s marketing

For traders focused on cash flow:
A thread on what I call “the pnl grind”.

 1/ the grind is a grind because it’s work ethic. 12 hours a day, min. And weekends.

The grind is a grind because it’s hitting singles. 5-10 trade concepts a day. Hypothesize. Swing. Measure. Repeat.

The grind is a term that comes from gangster rap. And it’s focused on 💵
2/ what does a “grind trade” look like? Signal hit the top of the App Store. What’s a basket of trades that will work in a privacy focused world?

Long Eqix short Twtr - private cloud vs regulation
Long Z cash short bitcoin - private crypto vs censored crypto

Just examples
3/ grind trading is all about 1 off events that diverge from history. Quant traders don’t model them well bc lack of history. Fancy long / short guys are slow moving their books. Day traders aren’t focused on fundamentals.

And let’s be honest - grinding works bc it’s brutal
4/ when Biden said he was going all in on cyber security, due to Russian hacking - it meant Russia was the new media scapegoat, so Blinken could deal w 🇨🇳. Blinken is a communist boot licker. So what. Don’t get emotional. Monetize. You went long $Feye/ $JD. Got paid. Moved on.
5/ when you get paid on a trade like that - don’t overstay your welcome. The confirmation bias crew will come in and take the trade off you and linearly extrapolate years ahead. By then you should be long gone, looking for the next spike.

Spike. Roll. Spike. Roll
6/ you can risk manage grind trades by cutting quickly. If Biden says he’s going all in on cyber security and the stocks don’t rally within 24 hours - that means people probably expected it. Means it’s time to run for the hills.

No spike. Roll. No spike. Roll
7/ most times, grind trades don’t go anywhere. People forget about them. But sometimes, they spiral. Covid was a good example. A spiral is when the previous media narrative gets cancelled and replaced with a new one. Your pnl should rip - here is a guide to managing that
8/ if you do something like catch the covid move, take 75% of your chips off the table after the first day and roll the pnl all into options with some thoughtfulness around dates. With covid it was all about predicting lockdown dates.
9/ most of the time - you should be trading single stocks in response to grind moves. The bare min due diligence is read the company’s last transcript, know its valuations and its products. 1 transcript per hour means it’s best to always be reading on spare time so you’re ready
10/ why not futures? Honestly if you’re reading this and getting any value out of it chances are you stand no chance trading futures against the pros. You don’t have the research or data needed. Stocks are a more even playing field.
11/ when you trade like this you need to keep track of the types of baskets you do and their pnl. Each trade should have a tag, whether you do it manually or via api. Over time you’ll get a sense for what worked and didn’t. On weekends you should spend 6+ hours reviewing losses.
12/ the most important part of the grind is calibrating yourself to pick up on what moves stocks, vs what doesn’t. Reflection is absolutely imperative.
13/ let’s talk about risk. 2.5% of Capital max per trade. Run market neutral. That means shorting stocks or credit instruments against your ideas. Ideally You want both long and short ideas but if you only have 1 kind , use an index. Don’t short stocks below $30b market cap.
14/ I still trade like this - especially if my quant strategies aren’t working. It’s been absolutely critical for long term thinking and quant strategy generation. It keeps me grounded.

Grinding pnl is out of sample credibility and $ to risk on process r&d.
15/ and when you know what moves stocks, what’s important, you build statistically rigorous causal understanding which is key to making leaps of faith on longer term investments.
16/ finally to go full tactical:
1) read all transcripts of $5b+ stocks that moved 20%+ every day
2) read Bloomberg or wsj in entirety each night
3) follow data releases intraday via https://t.co/bJXpecyIOC
4) build tools to measure your beta to stocks bonds, and max dd
17/ that’s the grind. and if the trading grind doesn’t work for you I hear guys are getting filthy rich doing self storage.

Best of luck.

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Frank Rotman
Frank Rotman
@fintechjunkie
1/23: One #startup trap to avoid (founders and VCs) is to fall in love with a value prop that can’t be delivered IRL now. Good diligence will surface disconnects but they’re often brushed under the rug by #VCs who believe fixing delivery over time will be fine. Unpacked:


2/23: The foundational reason why this matters from day 1 is that building a franchise of loyal customers is difficult for any #startup to pull off but the challenge is amplified if the #startup has to rebuild its franchise as it scales.

3/23: Broken or unfulfilled promises lead to customer behaviors that have real consequences. Poor ratings and reviews. High customer service costs. High complaint volume. Low engagement. High attrition/returns/cancelations. Low organic growth.

4/23: Undoing damage takes time and sometimes is nearly impossible. Convincing inactive customers to “retry” your product isn’t easy. Overcoming bad reviews can be a Herculean task. And resources will be thrown at fixing past sins at the expense of new functionality.

5/23: And guess what happens when #VCs dig into questionable early performance numbers? These conversations tend to revolve around caveats, apologies and synthetic analysis that bakes in significant improvements (many of which are still “unknown” in nature).
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=Ryan Graves=
=Ryan Graves=
@ryangraves
It’s crazy how few people understand basic startup equity but are faced with major career decisions based on these concepts.

It’s even crazier how few companies are forthcoming with necessary details like latest valuation, shares outstanding, or fundraising plans (read ‘dilution’).

One of the most valuable topic areas I got comfortable with while at Uber were these concepts and I regularly have friends and colleagues asking me to simplify and clarify these topics.

The key: ASK MORE QUESTIONS... without clarity you’re forced to discount the valued equity. The less is shared, the less serious the company is taking their own equity, and likely so should you. Here are a few questions to start with.

Valuation questions:

• What is the latest valuation of the company?
• When was the valuation set?
• How was the valuation set?
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Paras Chopra
Paras Chopra
@paraschopra
You can find a lot about a company's undisclosed strategy by simply looking at what positions it is hiring for.
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Harsh Makadia
Harsh Makadia
@MakadiaHarsh
16 Excellent websites I discovered in 2022 ( that are extremely useful ) :

1. Scribe How

Screen recording extension that instantly converts any process into a guide.

93% less time spent documenting and sharing processes

🔗 https://t.co/dk5fk7zxmz


2. Writesonic

Your writing AI assistant.

The only AI writer in the world that can help you write SEO-optimized, long-form (up to 1500 words) blog posts, and articles in 15 seconds.

Explore Chatsonic - Like ChatGPT but with superpowers.

🔗 https://t.co/j8GX4jn07Q


3. Dotcomkings

Free resources to find gigs, side hustles, and platforms that can help you start a small business and make money online.

🔗 https://t.co/ceKDtabBBE


4. Quillbot

Using cutting-edge AI, QuillBot's paraphrasing tool assists millions of people in rewriting and improving any sentence, paragraph, or article.

🔗 https://t.co/MlKEgJYSvu
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Olabinjo
Olabinjo
@binjoadeniran
People who want to switch on growth for their startups or marketing professionals ask me what to read to get their thinking up. Here's a thread of some books and blogs I read

When you read these, it's important to focus on the principles and not the exact strategy. Copying and pasting what someone else has done is not a guarantee that it'll work

Books:

1. Nir Eyal - Hooked: How to build habit-forming products.

Nir writes about the psychology of human behaviour with digital and physical products and shares real-life examples of how you can engage, nudge and encourage your customers to keep using your product

2. Ryan Holiday - Growth Hacker Marketing: A Primer on the Future of PR, Marketing, and Advertising

Ryan writes how boring simple advertising is and what growth hackers need to do/take advantage of to be truly unique and to switch things up

3. Gabriel Weinberg and Justin Mares - Traction: A Startup Guide to Getting Customers.

Gabriel and Justin focus on channels you can lever to acquire and retain customers. This book is a guide if you have no clue how to approach customer acquisition. It's an inexhaustive list tbh
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Ancient Egypt was the most advanced civilization in the ancient world. Why was Egypt so special?

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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


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People who offer Tamboola daily to Devis swarupas are blessed with apaara ashta aishwaryas and beyond.

Maa Lalitha Tripurasundari is seen doing Nitya Taamboola Charvana.


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It is said suvasini sthree and kanyas should do Tamboola charvana daily to gain aishwaryas, hve a great health, be always energetic and happy. Men also do it to get a clarity in thoughts and also peaceful mind and bliss.

People who think we are lacking that spark in life should try this and see the benefits themselves. All you need are

Nagavalli Paan
Mishri
Elaichi
Jaiphal
Supari Full
Lavang
Javvadi
Madhu (Honey)
Gulaab Petals / Gulkand
Kesar

People can add all fragrant things additionally

If you dont have all of it, do it with what best is available at home. Maa wants the samarpan and prem. In a family count the number of people and offer that many of the paan to the goddess.
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