BC TRADING
Saved by @ThomassRichards

Today's Twitter threads (a Twitter thread).

Inside: Thinking through Mitch McConnell's plea for comity; Further, on Mitch McConnell and comity; Understanding the aftermath of r/wallstreetbets; and more!

Archived at: https://t.co/1rRmrJa4FK

#Pluralistic

1/

 Thinking through Mitch McConnell's plea for comity: A thoughtful analysis.

https://t.co/2T74ykb3Ws

2/
Further, on Mitch McConnell and comity: I thought about it some more.

https://t.co/mTQ225Lr3X

3/
Understanding the aftermath of r/wallstreetbets: Even if there's no angels, there's still a path to glory.

https://t.co/x7BaqUQ0hj

4/
#10yrsago Morrow’s Diviner’s Tale is a tight, literary ghost story https://t.co/XFW0AGFwhI

#10yrsago ATM skimmer that doesn’t require any modifications to the ATM https://t.co/zul04D0Xgd

5/
#5yrsago Same as the old boss: Justin Trudeau ready to sign Harper’s EU free trade deal https://t.co/lzVX7i0Qut

#5yrsago Danish government let America’s Snowden-kidnapping jet camp out in Copenhagen https://t.co/N71JHg2ueV

6/
Yesterday's threads: David Dayen's MONOPOLIZED; and more!

https://t.co/bo3HVDMaAT

7/
My latest novel is Attack Surface, a sequel to my bestselling Little Brother books. @washingtonpost called it "a political cyberthriller, vigorous, bold and savvy about the limits of revolution and resistance."

Get signed books from @darkdel: https://t.co/HfWfdx8sIu

8/
My 2020 book "How to Destroy Surveillance Capitalism" is a critique of Big Tech connecting conspiratorial thinking to the rise of tech monopolies and proposing a way to deal with both:

https://t.co/Us0SPxlcmD

Now, it's available in paperback!

https://t.co/x2eXIkUY64

9/
My ebooks and audiobooks (from @torbooks, @HoZ_Books, @mcsweeneys, and others) are for sale all over the net, but I sell 'em too, and when you buy 'em from me, I earn twice as much and you get books with no DRM and no license "agreements."

https://t.co/vpGcSZiPZ2

10/
Upcoming appearances:

* Launch for the young adult edition of Edward Snowden's memoir PERMANENT RECORD, Feb 9, https://t.co/BY6hqpJFeO

* Boskone, 58, Feb 12-15, https://t.co/2LfFssVcZQ

* Keynote, NISO Plus, Feb 22-25, https://t.co/neeqzKaZp0

11/
Recent appearances:

* Monocle Reads https://t.co/ENWPDLYVXg

* Hedging Bets on the Future (Motherboard Cyber):
https://t.co/7YeNDAjLfc

* Applying the Pandemic Mindset to Climate Change:
https://t.co/syTXEF1gFz

12/
My first picture book is out! It's called Poesy the Monster Slayer and it's an epic tale of bedtime-refusal, toy-hacking and monster-hunting, illustrated by Matt Rockefeller. It's the monster book I dreamt of reading to my own daughter.

https://t.co/yQLVua4WkB

13/
You can also follow these posts as a daily blog at https://t.co/iSBh8s9m7q: no ads, trackers, or data-collection!

Here's today's edition: https://t.co/1rRmrJa4FK

14/
If you prefer a newsletter, subscribe to the plura-list, which is also ad- and tracker-free, and is utterly unadorned save a single daily emoji. Today's is "🦃". Suggestions solicited for future emojis!

Subscribe here: https://t.co/TwPzz87nAw

15/
Are you trying to wean yourself off Big Tech? Follow these threads on the #fediverse at //twitter.com/[email protected]." target="_blank">@[email protected].

Here's today's edition: https://t.co/5661yEr3VF

eof/

More from Cory Doctorow #BLM

Cory Doctorow #BLM
Cory Doctorow #BLM
@doctorow
When it's railroading time, you get railroads.

When the railroads turn into the personal satrapies of rail-barons, you get trustbusters.

A couple decades ago, it was online service time. We had the users, the telcoms systems, the computers, the modems, so we got platforms.

1/

We had that, but we lacked something important: effective antimonopoly enforcement. Lax merger laws allowed companies with access to capital markets to buy out or neutralize all their competitors, so we got monopolies.

Right on schedule, we're getting digital trustbusters.

2/

Now, some people aren't technically sophisticated, but they do understand a lot about competition law. That's how you get meat-and-taters antitrust proposals like @amyklobuchar's #CALERA, which address the structural problems with antitrust

Klobuchar's bill is hugely important. The reason we have monopolies is that we stopped enforcing anti-monopoly law 40 years ago. Monopoly isn't a tech problem, it's everywhere from sneakers to glass bottles to pro wrestling to candy to

Klobuchar's CALERA doesn't just seek to apply antitrust law to tech - it also explicitly restores the pre-Reagan basis for fighting monopolies: we fight monopolies because they concentrate power and corrupt our politics. All monopolies are guilty unless proven otherwise.

5/
SOCIETY
Cory Doctorow #BLM
Cory Doctorow #BLM
@doctorow
If you think "It's not censorship unless the government does it," I want to change your mind.

It's absolutely true that the First Amendment only prohibits government action to suppress speech based on its content, but the First Amendment is not the last word on censorship.

1/


Here are some kinds of private speech-suppression that I think most of us can agree are censorship: when the John Birch Society burned mountains of rock records and novels - or when Tipper Gore's PMRC pressured record stores to drop punk, metal and rap albums.

2/


Or the Comics Code Authority, which signed up all comics publishers and retailers to block comics if they contained anything unfit for small children, which stunted American comics for generations while their European counterparts created entire sophisticated genres.

3/


Or MPAA ratings, in which a secret group of censors (falsely described as frequently rotated, randomly selected parents - really they're long-serving studio insiders) decides whether movies get NC-17 ratings and thus be blocked from nearly every screen in the country.

4/


(You can learn more about this from Kirby Dick's unmissable doc, "This Film Is Not Yet Rated," which documents both how the MPAA misleads the public about ratings, and uses them to block LGBTQ
HISTORY
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Cory Doctorow #BLM
Cory Doctorow #BLM
@doctorow
Surveillance companies assure us that they employ safeguards to ensure that their customers aren't abusing their products to engage in unlawful or unethical surveillance. And yet, inevitably, these companies abuse their tools THEMSELVES.

1/


It's almost as though being the kind of person who dreams of achieving incredible wealthy by spying on people makes you kind of an asshole.

2/

Like the people at @VerkadaHQ, "a fast-growing Silicon Valley surveillance startup" whose male employees used its own products to sexually harass their female colleagues and received the barest wrist-slaps for

Male Verkada employees maintained a private Slack channel where executives posted photos of female employees - captured with the company's own surveillance tools - and made sexually explicit remarks about them.

4/

When this came to light, the company's founder and CEO Filip Kaliszan called an all-hands meeting, expressed disappointment in the harassers, and told them that they could either quit...or lose some stock options. They chose the latter and remain employed there to this day.

5/
TECH
Cory Doctorow #BLM
Cory Doctorow #BLM
@doctorow
Today's Twitter threads (a Twitter thread).

Inside: ADT insider threat; Billionaires think VR stops guillotines; Privacy Without Monopoly; and more!

Archived at: https://t.co/nu1HbReiEX

#Pluralistic

1/


This Wednesday, I'm giving a talk called "Technology, Self-Determination, and the Future of the Future" for the Purdue University CERIAS Program:

https://t.co/po5IivZyr4

2/


ADT insider threat: If you build it they will spy.

https://t.co/kJrmtu8L3S

3/


Billionaires think VR stops guillotines: TARP with tasps.

https://t.co/MIKwvsICkr

4/


Privacy Without Monopoly: Podcasting a reading of the latest EFF whitepaper.

https://t.co/R2sl75y4rb

5/
TWITTER
Cory Doctorow #BLM
Cory Doctorow #BLM
@doctorow
Today's Twitter threads (a Twitter thread).

Inside: Mashing the Bernie meme; Know Nothings, conspiratorialism and Pastel Q; and more!

Archived at: https://t.co/cKWPSzuYHE

#Pluralistic

1/


Mashing the Bernie meme: What if every video game, except Bernie with mittens?

https://t.co/Zcs71oUras

2/
FUN

More from Trading

Trader knight
Trader knight
@Traderknight007
Overthinking - The art of creating problems which weren't even there.

Thread on How Over-analysis leads to decision Paralysis-


What is Analysis paralysis?

In simple terms, analysis paralysis is a person's tendency to over-analyze or over-think upon a decision to such an extent that he/she fails to make a choice resulting in a paralyzed state of inaction.


How a retail trader trades-

A trader named Rahul, He know all the basics of markets, He also has made a system which gives signals on nifty, he has also encorporated good Risk management and Position sizing into his system.

One day he gets a signal to buy Nifty at 13500 with stop at 13450, he wanted to take the trade, but he wanted to get sure that the trade he has take should be a winner.

So he says just let me check the RSI if its above this level I will buy , he checks it and it was above his

level, then again he wants to check another indicator named MACD, he wanted to get sure man, Now he do the most intelligent thing to get sure he gets right.

He goes to twitter and ask his twitter Friend Trader knight he ask him that should I buy nifty at 13500,
TRADING
I have to wear shoes? \U0001f339
I have to wear shoes? ...
@migbike
A thread about GameStop:

Big hedge funds made big bets that GameStop’s stock was overvalued. The way these bets work is the hedge fund borrows shares of the stock and sells those borrowed shares.

When it comes time to give the borrowed shares back, they buy them on the market, hopefully at lower prices. For example, they might sell the borrowed share at $50, hoping to be able to buy the share back at $30, to make a $20 profit. This is called shorting.

The hedge funds were so sure that GameStop was going down, that GameStop was the most shorted stock on the market. 140% of the shares in existence were “borrowed.” Imagine Bob borrows from Jane who borrows from Sue who borrows from John.

Shorting is risky, but the hedge funds were so sure that they just didn’t even care. People on Reddit realized this and basically thought “what if we all just bought shares and refused to sell them when the hedge funds need to give their borrowed shares back.”

The price goes up, the hedge funds are forced to buy back the expensive shares and lose money. Except the hedge funds kept doubling down as the price rode up, expecting that it would eventually fall. The Redditors weren't scared off and with "diamond hands" refused to sell.
TRADING
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Sarang Sood
Sarang Sood
@SarangSood
@javia_savan You answered it yourself 🙂
Adjustment cost is way too high for bnf. Sometimes bnf does exceed nifty in vol crush, but nifty overall is more consistent.
TRADING
Val Katayev
Val Katayev
@ValKatayev
A former CIA math genius built a quantitative trading fund that earned more than $100 BILLION for investors.

At 66% return/yr, his track record destroys that of Warren Buffet, George Soros, Carl Icahn, and every investor who ever lived.

The Smartest Billionaire in Finance:


1/28
If you'd have put $100 into Jim Simons' Medallion Fund in 1988, it would be $400M+ today.

By contrast,

$100 in the S&P 500 in 1988, would be $2,000 in 2022. (roughly)

Let that sink in.

2/28
Jim Simons's Medallion fund has had unreasonably high annual returns of 66% across 30 years.

For comparison, Buffet clocked in at about 20%/yr.

Many funds don't make that in a lifetime.

3/28
Even during the financial crisis of 2008, it made a net return of 82.38%.

They make so much money for their investors that they charge 44% in management fees.

The industry standard is 20%.


4/28
It uses math calculations to decide the bulk of its trades, & none of the market trends apply to how it performs.

It wins by finding order in chaos.

The fund is managed by Renaissance Technologies, the parent company founded by the mathematical genius Jim Simons.
TRADING
Gurjot Ahluwalia
Gurjot Ahluwalia
@gurjota
I analyzed 25+ years of #Nifty data to better understand bear markets 🐻

Why?

Given the recent market sell-off and bearish stance of market participants, history and data is your best guide to prepare if we're headed for a bear market.

Thread with findings below 🧵👇
1/n


But first, do you know the definition of a bear market?

When any index falls 20% or more from it's all time high, it is termed to be in a #bearmarket 🐻

How do you calculate length of a bear market? The time duration in days from previous all-time high to market bottom.

2/n


🇮🇳 Nifty last 25 years (1997-2022*)

Number of Bear Markets = 8

Average drawdown % = -38.5%

Average bear market duration = 246 days (8 m)

Key takeaway - Bear markets occur every ~3 years and take on average 8 months to bottom

3/n


1997 and 2006 saw the fastest bear markets with Nifty correcting 20-30% in just ~1 month.

Unbelievably, 1997 had 2 bear markets! Just imagine suffering 20% drawdowns twice in a few months!

Mar 2020 Covid crash was the 3rd fastest and 3rd worst bear market.

4/n


Okay, how should we define Bear Market Recovery?

The no of days from market bottom to a new all-time high.

Sadly, bear markets take time to recover.

Almost double the time to recover to a new ATH compared to the time to form a bottom.

Avg recovery duration – 495 days

5/n
TRADING , BULL AND BEAR MARKET

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Story of Thumba Poo and Shiva

Thumba poo is a tiny white flower which grows in all areas. These flowers are used for treatment for sinus. Small children who have polyps in Nose are told to crush tumbha leaves and apply in nose part.
There is an interesting story of Thumba and


Mahadeva. Thumba flowers were not taken for Shiva Pooja. Saddened to this Thumba prayed sincerely and Mahadeva appeared before her.
She was surprised that Shiva had appeared before her. Instead of saying that she wants to under his feet always, she said
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She said that her feet should be on his head. Shiva accepted her prayers. It is because of this Thumba flower is placed in the head of Shiva Linga.
Shambo Mahadeva
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Steve Stewart-Williams
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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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Jaya_Upadhyaya
Jaya_Upadhyaya
@Jayalko1
DODDA GANAPATHI, BENGALURU
#karnatakatemples

Dodda in Kannada means big. Sri Ganesha here is 18 ft tall in height and 16 ft wide. Dodda Ganesha is also known as Shakthi Ganapathi and Satya Ganapathi.

It is said that Kempe Gowda, the founder of Bengaluru, saw a rock here.


The rock had engravings of Ganesha. His sculptors cut the Ganesha murti from that single rock. Later, a shrine was built around the Ganesh murti.

It is believed that Dodda Ganapathi is the protector of Bengaluru. All auspicious events start by praying to Him.


Benne Alankara is the most famous festival here when about 100 kg of butter is coated over Ganapathi every four years and the rich prasad is offered to the worshippers.

Ganesha is also covered in cream colour and is decorated with golden laces and buttons
@GampaSD


The Dodda Ganapathi murti is believed to be still growing in size, especially towards right.

The weavers from old Bengaluru tie a coconut to their looms before starting work. When the work is completed, they break 100 coconuts here along with the one tied on the loom.
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