BC TRADING
Saved by @Jacobtldr

1) OK, so let's forensically discuss last night's tweet by Brian

 2) At 7:40pm EST, just after U.S. traders left for the most heavily observed and longest holiday weekend of the year; with all of Europe, and 90%+ of Asia asleep; the CEO of the world's largest crypto exchange decides to make a nearly unprecedented, massively market moving Tweet.
3) Without a doubt, he knew the entire crypto market would dramatically collapse on such "news," despite it being nothing more than, self-admittedly, "rumors." In other words, decimating the accounts of thousands of Coinbase clients.
4) Moreover, with the banks closed for Thanksgiving, and most people not working Friday, he had to know limited fiat could be deposited to exchanges for the next four days, making it difficult for client accounts to recover such losses.
5) The tweet itself simply claims "Last week we heard rumors that the U.S. Treasury and Secretary Mnuchin were planning to rush out some new regulation regarding self-hosted crypto wallets before the end of his term..."
6) For one, since when are "rumors" substantiated facts? And why on Earth would the CEO of the world's largest crypto exchange fuel such market moving FUD? Let alone, at such an incredibly illiquid market time!
7) As for such rumors, does it strike anyone as anything less than ridiculous that expedited, draconian crypto regulation is something Donald Trump and Steven Mnuchin are aggressively pursuing at this moment?
8) Last I looked, Trump lost the election, to the point of concession, and has spent 24/7 fighting political and legal battles to try to reverse this decision. As for Mnuchin, he is even more lame duck than Trump, having had his replacement (Yellen) named earlier this week.
9) So, is it even remotely feasible such actions are even under discussion? Let alone, in a position to be enacted and enforced? Not to mention, as we head into the holiday season.
10) Sure, anything is possible. However, I'd rank the odds of such legislation being close to zero - and certainly, not something the head of the world's largest crypto exchange should be publicly commenting on, unsolicited.
11) As for the "rumored" rule changes, Armstrong's follow-up comments are spot on. Such changes would make ZERO logical sense, be 100% inconsistent with current regulatory structure, and ultimately strengthen #BTC demand whilst weakening America's political reputation.
12) Unquestionably, the only reason such changes would even be discussed is the quite obviously growing - but UNSTOPPABLE - threat #BTC now poses to the dying fiat regime.
13) If the "leading economic power" with the "reserve currency" acted so blatantly to try and suppress #BTC, it would only increase global demand and weaken the dollar's status as reserve currency...
14) ...and oh yeah, cause an explosion of requests to withdraw #BTC from exchanges before such regulation would be enacted...
15) ...which in turn, would dramatically tighten supply at a time when it's already at perhaps its tightest level ever.
16) I will not speculate as to WHY Armstrong Tweeted about such "rumors"; let alone, at such an incredibly inopportune time. However, I will conclude by saying that given Coinbase's history of bad behavior, often against the interest of clients, it doesn't surprise me one bit.
17) And of course, that this Tweet has provided an incredible buying opportunity for #BTC, ahead of the inevitable explosion of buying when the ATH is shortly taken out.
18) P.S. Consider another scenario. What if Elon Musk tweeted "I am hearing rumors the U.S. government might ban, or heavily tax electric cars." Yeah, that's how irresponsible and damaging Armstrong's Tweet was.

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CHEAT-SHEET

Multiple Confirmation short.

A Short Entry that we shared in 2020.

Study it point wise.

1. Bearish Candle type and lowering of volume on Price rise.

2. OBV divergence.

3. Accumulation with Bearish candles and Volume increase on Price decrease.

STUDY IT!


Explanation

1. When price increases with a decreasing volume, it's bearish.

2. OBV, On Balance Volume should be correlated with price.
If price increases without similar increase in OBV, it's bearish.

3. During consolidation, if the volume increases during dumps, it's bearish
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Sahil Bloom
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@SahilBloom
Circle of Competence 101

Warren Buffett and Charlie Munger often reference the importance of knowing the boundaries of your circle of competence.

But what is a Circle of Competence and how does it work?

Here's Circle of Competence 101!


1/ First, a few definitions.

A Circle of Competence is the set of topic areas that align with a person's expertise.

If the entire world of information were to be expressed in a circle, an individual's Circle of Competence is the small sub-circle that represents their expertise.


2/ The idea surfaced in the 1996 BH annual letter.

"You don’t have to be an expert on every company...you only have to be able to evaluate companies within your circle of competence. The size of that circle is not very important; knowing its boundaries, however, is vital."


3/ A Circle of Competence is built over time.

It is built through experience, reading, dedicated study, and effort.

It is dynamic, not static.

It can expand as you deepen your knowledge in new areas. It can contract if you fail to nurture your existing areas of expertise.

4/ To engage this mental model in your life, there are two key processes to go through:

(1) Identify what falls within your circle
(2) Identify the boundaries of your circle

(1) is all about figuring out what you know, while (2) is about humbly admitting what you don’t.
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(Thread) Why do I own individual stocks?

Thesis:

1. The digitalization of our world is 10% complete.
2. This megatrend will continue for at least another decade.
3. If you enjoy spending your free time on individual stocks, then the potential for outsized returns is possible.

What is my approach?

There are two parts to my portfolio.

- 40% in Vanguard All-World ETF. This is on autopilot w/ regular contributions.
- 60% in what I consider to be high growth stocks

I keep a balance by adding cash. No shuffling around unless it gets too out of whack.

The latter is the interesting part.

I invest in companies that can

1. successfully disrupt an industry with new business models $TTD $SQ $PTON $TDOC

2. further enable the digital transformation with their services and infrastructure $ZS $HUBS $TWLO $CRWD

I intend to hold my shares indefinitely and allow my investments to compound over time.

I don’t believe that it is possible to time the market. Markets go up and down. I hold on knowing that quality businesses tend to bounce back.

The list of reasons to sell is always long.

If you have full conviction in your holdings, then no single piece of “infotainment” should make you change your mind.

Ignore it + people who make predictions about the economy.
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Richard Chu
Richard Chu
@richard_chu97
1/ I used to think that the biggest gains had to come from stocks that no one knew about

One of the harder lessons for me to internalize has been that oftentimes, unknown stocks stay unknown for a reason and you can still earn attractive returns from stocks everyone's bullish on

2/ While I’m not contrarian just for the sake of being contrarian, I do think it’s important to question everything.

When I started out, I would buy "quality" stocks like FB or TSLA without doing much research.

But an opinion being consensus doesn’t make it the truth.

3/ So owning the most popular stocks made me nervous. If a winner is so obvious then either it's priced in or maybe I'm missing something?

I preferred owning stocks that others weren’t aware of or were bearish on for the wrong reasons (more room for upside surprises).

4/ But there are degrees

Despite being widely popular, stocks like SHOP have been some of the best performers because they exceeded even the most bullish projections

And some stocks like TSLA are partly popular because they are great consumer products which is an important sign

5/ On the other hand, while the biggest winners can be found in micro-caps, many of which started out very undervalued with no analyst coverage, on average, they tend to underperform larger caps

Picking out the big winners earlier on is very difficult and there is no set formula
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Varsity
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A 🧵on the basics of block and bulk deals.

Block and bulk deals are large purchases of stocks by investment banks, mutual funds, hedge funds, pension funds, FIIs, and promoters. Tracking block and bulk deals can help give you a sense of what these large players are thinking.

A single transaction where shares more than Rs 10 crores or the number of shares traded are more than 5 lakh is considered a block deal.

Block deals are carried out in separate trading windows. This trading window operates in two shifts of 15 minutes each:

Morning trading window from 8:45 AM to 9:00 AM.
Afternoon trading window from 2:05 PM to 2:20 PM

Block deals happen in different windows to reduce volatility and sudden price movements. Given that they are traded in a separate window, they do not show up on the volume charts.

Brokers facilitating the transaction are required to inform the exchange. You can track bulk and block deals on NSE & BSE:
https://t.co/pwTyzWTnUL

https://t.co/g9BbHiEag3
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Once, he visited Kailasha along with other Rishis. All the Rishis did parikrama of Shiva and Parvati both except Rishi Bhringi.


The same situation continued whenever Rishi Bhringi visited Kailasha. Mata Parvati decided to teach him that Shiva and Parvati are one and inseparable.
So on one such visit, Mata Parvati sat on the left lap of Mahadev when Rishi Bhringi came.


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The BATTLE OF PAVAN KHIND (13 July 1660)

300 MARATHAS against 10000+ ADIL SHAHI TROOPS

A Sparta style last man stand at a mountain pass which ensured Shivaji Maharaj's safety.

Valour, loyalty and sacrifice!


Baji Prabhu Deshpande was one of the most able lieutenants of Shivaji. He sacrificed his life defending Shivaji in a heroic last stand known as the "Battle of Pavan Khind" in which his force was hugely outnumbered.(1)

In this battle he became a martyr, but managed to halt the enemy forces for several hours, which secured Shivaji’s safety and victory on another front. Without this heroic last stand Shivaji’s glorious career may have been cut short.(2)


Baji Prabhu was senior to Shivaji. In the beginning he opposed Shivaji being from a rival Maratha clan, but realised that Shivaji stood for national resurgence. Henceforth he became a friend and loyal supporter of Shivaji.(3)

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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.

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#bharatmandir

KANTESHA means Prabhu full of brightness.
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