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Steve Burns
@SJosephBurns 2 years ago 162 views

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Ten lessons from the book:

“What I Learned Losing a Million Dollars” by Jim Paul and Brendan Moynihan

A thread 🧵👇

“Experience is the worst teacher. It gives the test before giving the lesson.”

“Smart people learn from their mistakes and wise people learn from somebody else’s mistakes.”

“A fool must now and then be right by chance.” - William Cowper

https://t.co/Uq1h66riIF

“Speculating is the application of intellectual examination and systematic analysis to the problem of the uncertain future.”

“Man is extremely uncomfortable with uncertainty. To deal with his discomfort, man tends to create a false sense of security by substituting certainty for uncertainty. It becomes the herd instinct. - Bennett Goodspeed

“There’s nothing worse than two people who have on the same position talking to each other about the position.”

“Success can be built upon repeated failues when the failures aren't taken personally; likewise, failure can be built upon repeated successes when the successes are taken personally.”

https://t.co/C1tPvURUHy

https://t.co/AIfSdBS6RZ

Book link: https://t.co/obUVOG6WIt

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NR7 candlestick simplified via @chartmojo

✅ Narrow Range Pattern
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Steve Burns
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William J. O’Neil’s 10 Trading Principles that Made Him a Legend.

A Thread🧵👇

“I make it a rule to never lose more than 7 percent on any stock I buy. If a stock drops 7 percent below my purchase price, I will automatically sell it at the market – no second-guessing, no hesitation”

“The whole secret to winning in the stock market is to lose the least amount possible when you’re not right.”

William O’Neil studied historical chart patterns relentlessly and read thousands of trading books.

“90% of the people in the stock market, professionals and amateurs alike, simply haven’t done enough homework.”

He invested in an industries leading stocks not its laggards and dogs.

“It seldom pays to invest in laggard stocks, even if they look tantalizingly cheap. Look for, and confine your purchases to, market leaders.”

Steve Burns
@SJosephBurns

Stan Weinstein's Ideal Short Sale areas:

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$Mind Haste \u26a1\ufe0f$

Mind Haste ⚡️...
@MindHaste

"21 of the wisest things ever said on the Internet"

| Thread

1. "If you want to make the wrong decision, ask everyone."

@naval

2. "Spending money to show people how much money you have is the fastest way to have less money."

- The Psychology of Money, @morganhousel

3. “Remember: we don't control what happens, we control how we respond”

@RyanHoliday

4. “You only need to know the direction, not the destination.

The direction is enough to make the next choice.”

@JamesClear

Deep Note
@1DeepNote

10 Insightful Lessons From the Book ”Man’s Search For Meaning”

(Over 12 Million Copies Sold)

⚡️Book Review⚡️

1. He who has a why to live for can bear almost any how.

✅You will be able to face hard times way much easier if you manage to find meaning for your life.

2. You can adapt and get used to literally any condition.

It is not the strongest species that survive, nor the most intelligent, but the ones most responsive to change.

🔴 Stepping out of our comfort zone will make us understand how further we can actually push our limits.

3. Have courage to accept the things you can’t control.

While being high in self-control is important in achieving our goals, we must not waste our time with things we can’t control.

👉What matters is how we react to situations that are beyond our control.

4. Avoid thinking about success

If you focus on making success your target, you are more likely to miss it.

✅Dedicate your time and effort to a vision that is more significant than yourself, and let success becomes a by-product of this dedication!

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Library Mindset
@librarymindset

7 Quotes from 7 Habits of Highly Effective People

(thread)

1)The significant problems we face cannot be solved at the same level of thinking we were at when we created them.

2)Things which matters most must never be at the mercy of the things which matter least.

3)What lies behind us and what lies before us are tiny matters compared to what lies within us.

Library Mindset
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10 Lessons from What It Takes To Be Free

(thread)

1)Someone's sitting in the shade today because someone
planted a tree a long time ago.

2) True freedom means you're not concerned with other people's opinions, views, and actions. You also don't have the need to explain why your ideas and actions are the best.

3)Remember, being free means to live as you are. You don't
have to lie about who you are, what you like, and what you
do. Just be yourself.

4)Most people do not really want freedom, because freedom
involves responsibility, and most people are frightened of
responsibility.

Connor Widmaier
@CopyWriteConnor

An entrepreneur who changed my life:

Naval Ravikant

He’s one of the deepest thinkers alive and attributes all of his success to reading.

Here are 10 books Naval recommends to make you healthy, wealthy and wise in 2023:

1. Poor Charlie's Almanac

Charlie Munger — Investor

Warren Buffett calls him the smartest man he knows.

The Almanac is a collection of Munger's thoughts, speeches and writings.

Impactful quote:

2. Man’s Search for Meaning

Viktor Frankl — Psychiatrist and Holocaust Survivor

A reflection from Frankl’s time as an Auschwitz inmate.

Impactful quote:

3. Surely You're Joking, Mr. Feynman!

Richard Feynman — Physicist

The hilarious autobiography of one of the 20th century's most intelligent and interesting men.

Impactful quote:

4. Influence

Robert Cialdini — Psychology Professor

The Bible of persuasion.

Impactful quote:

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$Peter McCormack [Jan/3\u279e\u20bf \U0001f511\u220e]$

Peter McCormack [Jan/3...
@PeterMcCormack

1/ So here is a thread on how I turned $32,000 into $1.2m and back to pretty much zero (once taxes are paid).

Just note, I am not bitter or salty in any way at all, the last 2 years have been an amazing ride - travelled the world, been wealthy, been poor.

2/ Dec '16, my advertising agency folded, I had a little bit of money left and I put $32k into Bitcoin and Ether. As it started to go up I diversified into everything, Monero, Dash, this that, any crap - even Ripplecoin. Everything just kept going up.

3/ By March I think I had around $300k and $500k by the summer. I used to take 25% out but towards the end of the summer I got greedy and put it all back in and by December it was $1.2m.

4/ Thinking I was an absolute genius I decided to start a bunch of businesses. As silly as it sounds I had this goal of making $5m as I wanted to buy Bedford Town Football Club and get them in the league, and as Crypto was going up forever I needed 6 months.

5/ So:
- Trading (income 1)
- Podcast (income 2)
- Mining (income 3)
- Mining pool (income 4)
- Consulting (income 5)

Yes - all of the above as a one-man army :)

Anastasis
@OrdersofM

https://t.co/6cRR2B3jBE
Viruses and other pathogens are often studied as stand-alone entities, despite that, in nature, they mostly live in multispecies associations called biofilms—both externally and within the host.

https://t.co/FBfXhUrH5d

Microorganisms in biofilms are enclosed by an extracellular matrix that confers protection and improves survival. Previous studies have shown that viruses can secondarily colonize preexisting biofilms, and viral biofilms have also been described.

...we raise the perspective that CoVs can persistently infect bats due to their association with biofilm structures. This phenomenon potentially provides an optimal environment for nonpathogenic & well-adapted viruses to interact with the host, as well as for viral recombination.

Biofilms can also enhance virion viability in extracellular environments, such as on fomites and in aquatic sediments, allowing viral persistence and dissemination.

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yashstocks
@yashstocks

(1/3)

I am using only one indicator in the chart.
i.e DC(20) = Donchain Channel
I use 3 min chart and the DC period is 20, so DC high is basically the last 1 hour high & DC low is the last 1 hour low.
The middle line is the median of high and low.

(2/3)

Donchian channels are mainly used to identify the breakout of nifty/BNF.
We can take directional bias based on the indicator.
If nifty is breaking DC high, can take bullish view.
if it is breaking DC down, can take bearish view.
if it is in between, can trade range-bound.

(3/3)

We can monitor nifty/banknifty futures with volume along with DC.
If the volume is 1.5 to 2 times the average volume and if DC high/low is taken out then it can be a strong bullish/bearish signal.

Jig's Patel
@jigspatel1988

What is best way to sell strangle in Banknifty on an intraday basis
Simple
at 9:45 Open Option chain and check In which strike highest OI change in call side and put side

Sell both option with combine SL
Enjoy easy and simple intraday trading strategy
Today 35000CE and 34500PE

Sam Rocha
@SamRochadotcom

THREAD

I get asked for writing tips a lot. Of all the ones I’ve given, here are a few of the ones that seem to hold true and remain somewhat universal or at least mostly unobjectionable:

#amwriting #writingtips

1. If you are a fast writer (i.e., if you compose first drafts very quickly) then you absolutely must become a slow editor. Much of what I call “writing” is really, for me, editing.

2. If you don’t read you cannot write a lot or well. Sure, maybe you can read like a maniac for a decade and then read less after that, but without some large volume of intake, there will never be a meaningful output.

2.1 I sometimes say that I feel like writing without reading is like trying to run a marathan on a cracker. And sadly I see many students struggling to write when they have simply never read enough to fuel that demand of the task at hand.

3. All writing is writing if one decides to treat it that way. If one takes some degree of intentional will when sending emails, posting on social media and writing notes and marginalia, then all of that can count as meaningful daily writing.