BC LIFE
Saved by @zmbnski

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 :)
6/ As the market started to crash I just ignored it, kept thinking it would come back, it crashed like 4 times in 2017. But it didn't.

Mining is what busted me most:
- 70 S9s
- 70 DragonMints

The above with setup was like $300k.
7/ Mining made money for one month, broke even for a month and has consistently lost since. Problem is I have been stuck in data centre contracts paying a fixed 18 cents fee.

Each month digging into my BTC to pay the bills. Finally paying $19k to release from the contract.
8/ Mining is still losing money but not as much. I am though so close to liquidating it and accepting it as a failure (which will probably be the bottom).

Basically paying losses each month with a slowly dwindling balance of BTC.
9/ At my peak I had around 150BTC but trading shit coins I was losing BTC while gaining $. When I finally realised this I was down to around 80BTC. But this has been dropping in value as some of the coins I have been holding have collapsed.
10/ So basically greed and over ambition have destroyed what could have been life-changing money. After I pay my tax bill pretty much all is gone.

The good news - I have the podcast which is now generating an income, something a little more reliable
11/ I have sold most of the remaining BTC as an insurance for if the podcast has a bad month. I'm a Dad and I have to be responsible for my children.

I don't want any donations or sympathy. Sure I regret stuff but I am happy with how it has all played out.
12/ If there is another bull run and you make a bunch of cash then remember to take profits. Don't overstretch yourself.

People say don't invest what you can't afford to lose, well don't keep in Crypto profits which will change your life.
13/ Anyway, anyone who says I am trying to pump my bags with BTC, well those bags are tiny. BTC could go to $100k and my life won't materially change.

It is one of the reasons I have sympathy for maximalism, all these tokens and coins really are silly.
14/ I am sure I am not the only one with a story like this. If you want to do anything, just support the podcast, even a review on iTunes helps. That is my entire focus now.

Viva la Bitcoin!
Edit: forgot one thing. Conserving capital is so important. When my balance was high I went crazy: new clothes, first class flights, giving money away to family, charity, laughed at $25k lost on Confido... the list is endless :)
Edit 2: If you are not cut out for trading (like me), I wrote a thread on tools which can help you create your own business or a side gig.
https://t.co/svz7sQS9Yy
Edit 3 (last one): a few DMs creeping in with people in similar positions. All I will say is that in the last 5 years I have lost a marriage (after 3 months), lost my Mum (cancer) and nearly died from a drug overdose. Rich or broke, the money made little difference to happiness.

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Tej Dosa \U0001f602\U0001f9e0
Tej Dosa 😂🧠...
@ComedicBizman
(A THREAD)

18 Things I Would Do At 18:

I was a dumb 18-year-old. I thought I had the world figured out. I didn't.

I stayed up till the wee hours. Drank every liquor invented.

Partied non-stop. Woke up after noon.

Surfed the web aimlessly.

Read BS self-help.

Repeat.

If I could do it all over again, here's 18 things I would do...

PHASE ONE: GET MY MIND RIGHT

ACTION #1: Break the chains - I wish I made the decision earlier. I didn't. I was scared. Anxious. Nervous. I knew once I made the decision, there was no going back.

Don't be like me.

Make the decision at 18. The decision to pave your own path in life. To go against the herd. To choose your own adventure. To commit to whatever sets your heart on fire.

ACTION #2: Cut off every negative person in your life.

Scroll through the contacts in your phone...

Notice how the names make you feel.

Delete any and all names that fill you with doubt and negativity.

ACTION #3: Condition your mind to embrace the producer mindset instead of the consumer mindset.

Consume 20% of the time. Produce 80% of the time.

Case closed.

ACTION #4: Set an intention to make $10k a month and write it out every MORNING and NIGHT as if you already achieved it (in the past tense).

Visualize yourself already having the money as you write.

Cheesy?

Yes.

Does it work?

Yes.

PHASE TWO: EDUCATION
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Billy Bostickson \U0001f3f4\U0001f441&\U0001f441 \U0001f193
Billy Bostickson 🏴👁&👁 ...
@BillyBostickson
!. Simple Sabotage Tips
Unhappy with Everyday Life?
Frothing at the Mouth against oppressive bureaucracy?
Sick of petty tyrants and tin pot dictators?
Tormented by intrusive modern technology?
Feel like "sticking it to the man"?


2. The following is taken from sections 11,12 of the OSS's Simple Sabotage Field Manual, a 1944 document that has been declassified. The OSS became the CIA after WWII. The full document is

3. (a) Organizations and Conferences
Insist on doing everything through "channels." Never permit short-cuts to be taken in order to, expedite decisions.

4. Make "speeches." Talk as frequently as possible and at great length. Illustrate your "points" by long anecdotes and accounts of personal experiences.
Never hesitate to make a few appropriate "patriotic" comments.

5. When possible, refer all matters to committees, for "further study & consideration"
make the committees as large as possible - never less than 5
- Bring up irrelevant issues as frequently as possible
- Haggle over precise wordings of communications, minutes, resolutions
LIFE
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Brian Koppelman
Brian Koppelman
@briankoppelman
1) I was 30 years old. And in what many would consider a dream job. But I was pretty miserable. Because I knew I was letting my real dream--to become a screenwriter/filmmaker--die.

2) Sitting in my office one night, it hit me, if I did let the dream die, I would become toxic, because that's what death does, and that toxicity would ooze out of me, onto those I loved.

3)In that instant, I decided to make a shift, to find a way to finally, after years of denying it, do the thing. Try, at least. So I went to my best friend, @DavidLevien, who was already writing, and asked him for help.

4) David gave me The Artist's Way and said that when we had the right idea, he and I would write a screenplay together.

5) Soon thereafter, I had to good luck of walking into an illegal poker club in NYC, called David in the middle of the night, and we decided to write the thing.
LIFE
edgarallanwhoa \U0001f41d\U0001f377\u2708\ufe0f
edgarallanwhoa 🐝🍷✈️...
@edgarallanwhoa
I am a resident of Louisiana.
Tomorrow, I will drop hard copies of this letter in the mail, but I've emailed it to the GOP office and also to Senator Cassidy's office today.
*sorry for the run-ons and so forth.

Dear LAGOP:
Your tone deaf condemnation and censure of Senator Cassidy is misguided and alienating.
As it turns out, remarking that he is without a party places him in a privileged arena if our state’s Republicans are choosing to categorically deny the Senator his

elected responsibility to listen to evidence at a trial and cast a vote appropriate to his conscience.
Senator Cassidy has the ability to muster the courage it takes to be truly honorable, and extend the thought and reasoning it takes to make tough choices regardless of

subversive pressure being applied.
Unlike yourselves, Senator Cassidy has the capacity to read a room. The room he had to read most likely felt cold and lonely. The room he had to read most likely felt suffocating, and fraught with dubious outcomes for himself personally.

But he persisted with honor, and he persisted with valor. He deserves respect for that.
Perhaps reading that room is something for which you should take a look at doing a bit more closely. The Republican Party will no doubt see some changes in the next years.
LIFE
ACLU Massachusetts
ACLU Massachusetts
@ACLU_Mass
Today is a day to celebrate love in our lives.

And here at ACLU-MA, we know that justice is a labor of love. Here are some of our favorite moments of love and justice in the last year, to brighten your #ValentinesDay.

💞👇💞

Almost exactly a year ago, our clients Hanz and Maudy were reunited after being separated by the cruel "Return to Mexico" policy.
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Technical Analysis Masterclass- Part 2

'Entering the trade'

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

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Please share.

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

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Example of an entry trigger.


2. Stop Loss.

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Curated the best tweets from the best traders who are exceptional at managing strangles.

• Positional Strangles
• Intraday Strangles
• Position Sizing
• How to do Adjustments
• Plenty of Examples
• When to avoid
• Exit Criteria

How to sell Strangles in weekly expiry as explained by boss himself. @Mitesh_Engr

• When to sell
• How to do Adjustments
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Beautiful explanation on positional option selling by @Mitesh_Engr
Sir on how to sell low premium strangles yourself without paying anyone. This is a free mini course in


1st Live example of managing a strangle by Mitesh Sir. @Mitesh_Engr

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• Identified a reversal and sold puts

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Again, at such a key moment in UK and at such high political levels, evidence of deep misunderstanding of EU: The PM is under pressure in some quarters to delay #Brexit vote to allow her first to “improve” deal in Brussels BUT EU is determined not to budge at this stage

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4) Also on backstop the EU is unlikely to cave in to favour a relationship with a leaving member state (UK) against the explicit wishes and ignoring the deep concerns of a continuing member: Ireland.

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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
ALL , MITESH PATEL OPTIONS STRAT , MITESH PATEL EXPIRY GUIDE