BC TRADING
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Sam Walton: Made in America
[Autobiography of Wal-Mart's Founder]

- Creating Value for customers
- Being obsessed with Cost Control
- Taking care of employees
- Learning and Innovating
- Why stores Failed
- Sam’s Rules for Building a Business(Must Read)

A Thread 🧵👇

 2/ Wal-Mart today is a $400B market-cap company with over $500B in revenues, $15B of net profits, and over $25B in operating cash flows. It also owns a majority stake in Flipkart, and thereby in Myntra and PhonePe.
3/ Develop Communication/People’s skill: “I learned early on that one of the secrets to campus leadership was the simplest thing of all, speak to people coming down the sidewalk before they speak to you.”
4/ Be obsessed with providing value to the customers, save them money by tightly controlling costs: On business trips, Sam Walton and his colleagues used to stay in one or two rooms, once 8 of them shared one room. Expenses were capped at 1% of the purchases.
5/ “We exist to provide value to our customers, which means that in addition to quality and service, we have to save them money. Every time Walmart spends one dollar foolishly, it comes right out of our customer’s pockets."
6/ “You’re not negotiating for Wal-Mart, you’re negotiating for your customer and your customer deserves the best price you can get. Don’t feel sorry for a vendor. He knows what he can sell for, and we want his bottom price.”
7/ Innovate and find new ways to sell, Be it installing candy and popcorn machines at his small retail store or piling up boxes of Tide [detergent] up to the ceiling and 100 feet long to run a promotional offer for selling it at 50% less and bringing in customers.
8/ “You can’t just keep doing what works one time, because everything around you is always changing.”

Learn from others. Focus on what they are doing right. Sam Walton: “I’ll bet I’ve been to more KMarts than anybody.”
9/ Take care of your employees. If employees are taken care of, they would take care of the customers. Management and supervisor should be open to a dialogue. Encourage talent, bring in talented people, and delegate.
10/ “I learned this early on in the variety store business: you’ve got to give folks responsibility, you’ve got to trust them, and then you’ve got to check on them.” Praise your people but also follow up on things not done well.
11/ Wal-Mart adopted several ways to compensate its employees. Based on profit growth, eligible associates received a contribution to their plans from the company. On leaving, they could either encash it or take it in Wal-Mart stock, making many of them wealthy.
12/ Also if a store holds shrinkage below the company’s goal, every associate in that store got a bonus. If you noticed, Wal-Mart called its employees ‘Associates’, treating them as partners. Small things do build up.
13/ Reason for failures of other stores and Wal-Mart’s success:
“It boils down to not taking care of their customers, not minding their stores, not having folks in their stores with good attitudes, and that they never really even tried to take care of their own people.
14/ If you want the people in the stores to take care of the customers, you have to make sure you’re taking care of the people in the stores. That’s the most important single ingredient of Wal-Mart’s success.”
15/ If you grow and are not able to serve your customers or stay close enough to your business, it can become a recipe for disaster.
16/ On Financial Analysts: “ As business leaders, we absolutely cannot afford to get all caught up in trying to meet the goals that some retail analyst or financial institution in New York sets for us on a ten-year plan spit out of a computer at such and such rate.”
17/ Sam’s Rules for Building a Business:
-Commit to your business. Believe it more than anybody else
-SHARE your profits with all your associates, treat them as partners.
-MOTIVATE your partners. Money is not enough, find ways to motivate and challenge your partners.
18/
- COMMUNICATE everything you possibly can to your partners. The more they know, the more they’ll understand. The more they understand, the more they’ll care.
- APPRECIATE everything your associates do for the business.
19/
- Celebrate your successes. Find some humor in your failures. Don’t take yourself so seriously.
- LISTEN to everyone in your company and figure out ways to get them talking.
- EXCEED your customer’s expectations. If you do, they’ll come back again and again.
20/
- Control your expenses better than your competition.
- Ignore the conventional wisdom. SWIM upstream. If everybody else is doing it one way, there’s a good chance you can find your niche by going in exactly opposite direction.
21/ Have tried to highlight some parts, but no Twitter thread can substitute reading the book. One of the best autobiographies by a founder, along with Shoe Dog [Phil Knight, Nike]

/end

@InvestBooks @Invest_Books

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Fake chats claiming to be from the Irish African community are being disseminated by the far right in order to suggest that violence is imminent from #BLM supporters. This is straight out of the QAnon and Proud Boys playbook. Spread the word. Protest safely. #georgenkencho


There is co-ordination across the far right in Ireland now to stir both left and right in the hopes of creating a race war. Think critically! Fascists see the tragic killing of #georgenkencho, the grief of his community and pending investigation as a flashpoint for action.


Across Telegram, Twitter and Facebook disinformation is being peddled on the back of these tragic events. From false photographs to the tactics ofwhite supremacy, the far right is clumsily trying to drive hate against minority groups and figureheads.


Declan Ganley’s Burkean group and the incel wing of National Party (Gearóid Murphy, Mick O’Keeffe & Co.) as well as all the usuals are concerted in their efforts to demonstrate their white supremacist cred. The quiet parts are today being said out loud.


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𝗡𝗶𝗳𝘁𝘆-𝗕𝗮𝗻𝗸𝗻𝗶𝗳𝘁𝘆 𝗢𝗽𝘁𝗶𝗼𝗻 𝗕𝘂𝘆𝗶𝗻𝗴 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝘆

Complete Backtest and Indicator link

🧵 A Thread 🧵

𝗦𝗲𝘁𝘂𝗽:
🔸 Monthly Option Buying
🔸 50 ema on 3 min timeframe
🔸 Supertrend 10 , 3
🔸 Chart : Banknifty , Nifty Futures as we backtested on futures
🔸 Entry 9:20 to 3:00
🔸 Max 3 Entries per day
🔸 Premium nearest to 200 Rs only

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Why Monthly Option buying ?
🔸 Less theta decay compared to weekly options
🔸 Less Volatility
🔸 Supertrend and MA Settings
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As a former professional poker player, I'm very clear about the importance of psychology in investing/trading.

You can have a very solid strategy, but if the mental aspect fails, everything fails, no matter how good you are.

Thread 👇

In this thread I will briefly describe the most important aspects of trading psychology, and give some simple tips to try to improve them.

It's good to always be aware of these aspects, to be able to detect them and act in time.

1) FEAR

This is one of the most important. It can make you get out of a position at the wrong time.

One of the main reasons you can have fear is because you are putting more at risk than you are willing to lose.

Tip: reduce the size of your position until you are comfortable.

2) GREED

Greed can be even worse than fear. It leads you to be overpositioned and to destroy your average entry.

Tip: learn to conform to what you have. Practice gratitude for everything that comes your way. Remember that the most important thing is to stay in the game.

3) TILT

This is well known in poker. There are many reasons why tilt can appear (downswings, injustice, mistakes...)

Tilt takes you away from your perfect strategy. From your A game.

After a losing streak you may think that the market is being unfair to you.
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Thread on "The Final Checklist"
by Peter Lynch.

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~ Time is on your side when you own shares of superior companies - Peter Lynch.
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@chartians
A 17 point summary on my 2000+ days as a trader:

Wont take more than 10 minutes ! 🧵

1. Market cycles
Market Always moves in a cyclical way, supply and demand is basic principle for any cycle that involves money. Crack it you’ll be way ahead of the curve.

2. History rhymes
Always remember that history wont repeat but will surely rhyme - go and see all major falls and all major rises. Core principles are same, triggers are variable.

3. Time > Timing
Many people say that timing the mkt is very essential but according to me the more time you spend the more you get to know about mkt that jo course will teach you.

4. Survival
If you manage to survive for the next 3650 days in the market - trust me for the fact that you will definitely be a part of one commodity one bull and bear mkt. Its more valuable than any 1L INR course.
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Why Gain/loss ratio is important that the batting average
• More than the Win Loss ratio check the total Gain /loss ratio
• If your avg loss is 1% and avg gain is +5% then even if you are losing in 7 positions and winning in 3 out of 10 still you will be net profitable

Treat Trading as a business:
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• Any trader should atleast experience 3 scenarios i.e. bull, bear & consolidation
• Target 4% per month i.e. 48% p.a.
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Stock Selection:
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प्राचीन काल में गाधि नामक एक राजा थे।उनकी सत्यवती नाम की एक पुत्री थी।राजा गाधि ने अपनी पुत्री का विवाह महर्षि भृगु के पुत्र से करवा दिया।महर्षि भृगु इस विवाह से बहुत प्रसन्न हुए और उन्होने अपनी पुत्रवधु को आशीर्वाद देकर उसे कोई भी वर मांगने को कहा।


सत्यवती ने महर्षि भृगु से अपने तथा अपनी माता के लिए पुत्र का वरदान मांगा।ये जानकर महर्षि भृगु ने यज्ञ किया और तत्पश्चात सत्यवती और उसकी माता को अलग-अलग प्रकार के दो चरू (यज्ञ के लिए पकाया हुआ अन्न) दिए और कहा कि ऋतु स्नान के बाद तुम्हारी माता पुत्र की इच्छा लेकर पीपल का आलिंगन...

...करें और तुम भी पुत्र की इच्छा लेकर गूलर वृक्ष का आलिंगन करना। आलिंगन करने के बाद चरू का सेवन करना, इससे तुम दोनो को पुत्र प्राप्ति होगी।परंतु मां बेटी के चरू आपस में बदल जाते हैं और ये महर्षि भृगु अपनी दिव्य दृष्टि से देख लेते हैं।

भृगु ऋषि सत्यवती से कहते हैं,"पुत्री तुम्हारा और तुम्हारी माता ने एक दुसरे के चरू खा लिए हैं।इस कारण तुम्हारा पुत्र ब्राह्मण होते हुए भी क्षत्रिय सा आचरण करेगा और तुम्हारी माता का पुत्र क्षत्रिय होकर भी ब्राह्मण सा आचरण करेगा।"
इस पर सत्यवती ने भृगु ऋषि से बड़ी विनती की।


सत्यवती ने कहा,"मुझे आशीर्वाद दें कि मेरा पुत्र ब्राह्मण सा ही आचरण करे।"तब महर्षि ने उसे ये आशीर्वाद दे दिया कि उसका पुत्र ब्राह्मण सा ही आचरण करेगा किन्तु उसका पौत्र क्षत्रियों सा व्यवहार करेगा। सत्यवती का एक पुत्र हुआ जिसका नाम जम्दाग्नि था जो सप्त ऋषियों में से एक हैं।
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An interesting set of games that I've been vaguely interested in since I was a kid, after seeing one at a friend's house and never being able to find it again, was the BATTLES IN A DISTANT DESERT/BATTLES ON DISTANT PLANETS series.


These are turn-based wargames for windows 3.x, sharing the same engine.
Battles in a Distant Desert is from 1992, and is based on the first Iraq war (Desert Storm)


and Battles on Distant Planets is from 1991, and takes place in SPACE!
I'm pretty sure this is the one I played as a kid.


They've got 3 options to play with:
* Player vs. Player
* Player vs. Computer
* Computer vs. Computer

So it's a 0-2 player game!


They also did a DOS strategy game called "STARDATE 2140.2: GALACTIC CONQUEST" in 1990, but it seems to be lost.
All the games share an experimental AI system based on neural networks.
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#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.

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