BC TRADING
Saved by @Alex1Powell

1) The Ecosystem, Part 1:

Getting Dressed

 2) NOT INVESTMENT ADVICE

and even more importantly, not clothing advice
3) This story ends with @bonfida, but it starts with @SushiSwap.

By now pretty much everyone knows the story:

The meteoric rise, the sudden crash, the dormant period, and the recovery.

This story starts at the lowest point: right after the migration.
4) See, the lowest point *should* have been right after nomigate.

But of course there was negative sentiment then! That was expected.

The brutal part for the project was after the fires were put out--the dev funds returned, the migration successful.
5) That should have been the recovery.

But instead, Sushiswap endured a month of the most negative sentiment I've ever seen a project have.

There was a chat, as the major builders and multisig holders got things off their chest.
6) Most were receiving threats daily--some physical, but even more so not-so-thinly-veiled threats on their job:

"desert Sushiswap or I'll pressure your company to fire you".

It was a perfect storm of coordinated attack, disorganized sadness, and all around frustration.
7) And in a key moment-

just as some were thinking of quitting, because they didn't want to take it anymore-

there came an outpouring of solidarity.

Sushiswap wasn't perfect, and in some cases it wasn't even good. But it didn't deserve what it was getting.

"Fuck the h8ters"
8) Sushiswap has gone from the most shit on project to the newest revival.

SUSHI was up 6x from its nadir.

All of a sudden, it's popular again.

Why? What happened?
9) Well, partially Uniswap rewards ended.

Partially people got bored of shitting on Sushi.

But more than even of those, right at the lowest point, Sushiswap made a decision.
10) Sushiswap had originally taught the world that in so much of DeFi, the emporer had no clothes.

https://t.co/tcvJXJTrNY

But at its lowest point, Sushiswap found itself naked.

So it did what you do there: it ignored the noise and got dressed.

'Fuck the h8ters. Just build.'
11) And over the next months, Sushiswap pushed the frontier: between the website redesign, weekly pools, limit orders, Bento Box, and more.

It rolled out more than almost any other project in DeFi did. Frankly, it left most in the dust.

https://t.co/NAqLxTsK6g
12) And now, months later, the space has come to appreciate what was built.

-------------

So what does this have to do with @bonfida?

Serum was never in the doghouse the same way Sushiswap was.

But for all its promise, it started with nothing.
13) No users, no apps, no tools.

What do you do what there's no good Solana wallet?

You build one.

And then you help others build more.
14) Six months ago, Serum didn't exist.

Those six months are nothing on a cosmic scale, but they feel like an eternity. What have they brought to the ecosystem?

Well, of course, there's the world's only high performance on-chain DEX: https://t.co/16Vp8zPjV4
15) But in the background, so much more has been building up.

Because, for a few months, there wasn't a huge marketing barrage or persuasion campaign. In the end actions speak louder than words.

So first you get dressed.
16) There are a lot of awesome projects on the cusp of being released on Serum.

But Bonfida alone as built a shocking amount in less than half a year.
17) a) It has an AMM. And it's fast, and cheap! That's pretty cool--the world's highest performance AMM, in a few months. https://t.co/ps0o8J2IOx

b) Oh, right, also one of the world's only fully on-chain matching engines: https://t.co/VILVwF0IpQ

c) And TradingView Charts!
18) d) You can create new orderbooks: https://t.co/6m6K5aEnJr

That's a lot for a few months!

e) Oh also it has on-chain Pools??? https://t.co/xVWs5deto2
19) f) It has a sweet dashboard for Serum! https://t.co/b4XcGPdKmp

g) And an API serving tens of millions of calls per day to CoinGecko, CoinMarketcap, apps, and more! https://t.co/69pje01OMg

So it's an analytics sweet for Serum.
20) h) ...there's a wallet: https://t.co/102CHcmd06

i) ...and a tool to mint your own brand new token! https://t.co/ZI8GeBWvMW

j) plus a bit of free SOL to get started: https://t.co/QQcrI4AKd7

A token management suite for Solana built in a few months. Not bad!
21) k) ...andm to top it off, an NFT exchange: https://t.co/6ois89O8jY

Now it didn't build all of this from scratch--many of these products are composed with primitives that others have been building out on Serum this year.

And that's totally fine.
22) Bonfida has built more products in the last months than most projects ever release.

And on top of that, it's composed, wrapped, and GUI-ified even more.

None of this takes away from the incredibly intricate work from @blocks_go_brr, @armaniferrante, @seb_alameda, and more.
23) It adds to it, because that's how DeFi works. It's open, and composable, so that each app can gain from the others rather than compete.

Bonfida has built a ton. And on top of that, it helps each app be its best self.

It's just getting started.
24) Anyway, tonight @bonfida's token, $FIDA, will list: first IEOing on https://t.co/16Vp8zPjV4, then listing on it, @BitMax_Official and @FTX_Official.

The action starts in 3 hours:

https://t.co/7rUsDYybK8
25) And whether or not you're interested in $FIDA, you should check out @bonfida.

https://t.co/16Vp8zPjV4

More from Trading

Aditya Todmal
Aditya Todmal
@AdityaTodmal
12 TRADING SETUPS used by professional traders:🧵

Collaborated with @niki_poojary

Here's what you'll learn in this thread:

1. Capture Overnight Theta Decay
2. Trading Opening Range Breakouts
3. Reversal Trading Setups
4. Selling strangles and straddles in Bank Nifty
6. NR4 + IB
7. NR 21-Vwap Strategy

Let's dive in ↓

1/ STBT option Selling (Positional Setup):

The setup uses price action to sell options for overnight theta decay.

Check Bank Nifty at 3:15 everyday.

Sell directional credit spreads with capped


@jigspatel1988 2/ Selling Strangles in Bank Nifty based on Open Interest Data

Don't trade till 9:45 Am.

Identify the highest OI on puts and calls.

Check combined premium and put a stop on individual


@jigspatel1988 3/ Open Drive (Intraday)

This is an opening range breakout setup with a few conditions.

To be used when the market opens above yesterday's day high

or Below yesterday's day's
OPTIONSLEARNINGS , TRADING , ALL
Trader knight
Trader knight
@Traderknight007
A THREAD ON SL, TSL AND RE-ENTRIES-


WHERE TO PUT THE SL-

1. NEAREST PIVOT/SWING POINTS-

Normally I use this method for placing sl, In this method we use swing point for placing the SL.

As normally the stock would not try to go below previous swing point if it is to go in our direction.


2. ATR method-

Sometimes the Stock do not have any nearest pivot at time of buy, So we use this method as it gives us a level on basis of current volatility of the stock.

I use 1.5 ATR away sl , say the ATR at point of entry is 30, so I place sl
1.5 X, or 45 rs away from entry

In below example the entry is 120, ATR=5, SL= 1.5X ATR= 7.5 OR 113.

Nearest pivot was too far away, that’s why this method is used in these cases.


4. Anchor candles-

Anchor bars are those which have extreme Volume, gaps or wide Ranges.

Here, we place our sl below those candles which has the above characteristics.
TRADING
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Dr. Ellie Lockhart is the protagonist
Dr. Ellie Lockhart is ...
@BootlegGirl
OK, I guess I have a thing to say about the stock market. I have done kind of what these Reddit folks are doing with it, in that I have invested in the stock market when I was not at all rich, using parts of my paycheck that it probably wasn't wise to risk. I don't now. (thread)

But, like, it worked out okay for me. I even shorted some stuff. I didn't coordinate with anyone or whatever, but I don't think on the individual level the stock market is *inherently* malicious. If you're privileged, you're going to be exposed to it (through 401ks, etc.)

And I don't think it's wrong for people to try to make money off of it outside of the 401k/retirement context that's socially normal, *especially* if they're desperate like I was. There *are* strategies that you can use that, while risky, aren't exactly like gambling

Like, gambling is risky in a different way. You are always working with a fairly consistent set of probabilities in gambling, and they're never in your favor (outside of grey area gambling like between friends, where you could hypothetically actually still card count)

Anyway, like, on shorts: I don't think they're evil. I think they're dangerous. For an individual, a short always carries a small risk of individual bankruptcy. There's USUALLY not even a huge upside to them; they're not mystical or magical, they're basically reverse "longs"
TRADING
Nick Drendel \U0001f981 \U0001f6a2
Nick Drendel 🦁 🚢...
@StockTrickNick
If I stuck to this one rule the day I started trading I would have...

• Saved $1,000's of dollars in losses.
• Sped up my learning process.
• Avoided every major account drawdown I've had.

If you're new to trading, make sure you stick to this 👇🏼

The 1% Rule 🧵

The 1% Rule states that you should risk, at most, 1% of your total account on every individual trade.

This 1% risk is a function of two flexible components:

• Your Position Size: % of your account in the trade
• Your Trade Risk: % between your entry price and your stop loss

Want to take a larger position size? Make your stop tighter.

Trading a volatile stock? Size down on the trade.


The most important aspect of trading is risk management.

It's great to make money, but worthless if you don't have a system to keep it.

Over 50% of my trades are losses, but I'm still profitable because of the 1% Rule.

Keep losses small & let winners run!

"Nick, 1% risk isn't enough, my account is small."

New traders are EXACTLY who benefits the most!

By limiting each trade's potential losses to 1% it will take you:

• 29 straight losses to fall 25%
• 69 straight losses to fall 50%

It's tough to be that consistently bad 😅
TRADING
Shravan Venkataraman \U0001f525\U0001f680\U0001f4b0
Shravan Venkataraman 🔥...
@theBuoyantMan
Working on some execution optimisation related backtesting. I have so far been executing with market orders only. Going towards higher lot sizes, I'd like to optimise for minimal slippage.

First off, on NSE, if you place a market order, you get filled at the best bid/ask right?

If we want to optimise this, the first non-creative idea one can think of is, slicing the order into different lot sizes, and placing a limit order for each slice at the mid point of current best bid & ask.

But this requires your latency to be the least.

Why would latency affect it?

I looked at tick historical data, and there are more than 18-20 ticks in a second (auction and quote combined).

Even if you keep 10 ticks per second, your best bid/ask can shift from the time you place to the time exchange receives the order.

So, the next best thing that people can do is place tranches of orders every 1s, 3s, 5s, 10s, 15s - in their preferred time range, and get filled at the midpoint or best-bid+1/2/3/4/5 in the depth.

What you need is liquidity.

But if you're trading breakouts, then it's highly likely that your limit orders may not get filled if the action is too fast.

So, a retry mechanism is required in such cases.

If nothing works, you convert your orders to marketable and get filled at worse slippage.
TRADING

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dan spaceman
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ugh i wanted to do a thread about the wars in Star Wars and how the two outlying wars (the clone wars in the prequels and the cold war/civil war in the sequels) are really weird but i don't feel like it any more.

my first argument is that the Clone Wars were a really complex morally gray moment in Star Wars canon in like, 5 different directions and I'd kind of like to know why Lucas did that.

especially with the direct line that's drawn in the OT with the allegory of WW2 and Vietnam with the rebels being the Vietnamese and the Empire being America. That...doesn't exist in the Clone Wars.

for starters: it's weird it's called the Clone Wars. I get why, because that's what Kenobi calls it in STAR WARS, but the clones are a small facet in the larger story of the war.

the clones basically only exist as a macguffin in AOTC that is...extremely confusing ultimately. Because if you accept that Sidious has this grand master plan to use this war to destabilize the Republic and form an Empire...it's way too complex.
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Simon DeDeo
Simon DeDeo
@SimonDeDeo
"I lied about my basic beliefs in order to keep a prestigious job. Now that it will be zero-cost to me, I have a few things to say."


We know that elite institutions like the one Flier was in (partial) charge of rely on irrelevant status markers like private school education, whiteness, legacy, and ability to charm an old white guy at an interview.

Harvard's discriminatory policies are becoming increasingly well known, across the political spectrum (see, e.g., the recent lawsuit on discrimination against East Asian applications.)

It's refreshing to hear a senior administrator admits to personally opposing policies that attempt to remedy these basic flaws. These are flaws that harm his institution's ability to do cutting-edge research and to serve the public.

Harvard is being eclipsed by institutions that have different ideas about how to run a 21st Century institution. Stanford, for one; the UC system; the "public Ivys".
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Erik Torenberg
Erik Torenberg
@eriktorenberg
1/ Someone emailed me asking how to break into VC, so I wanted to answer on Twitter where others could see and contribute to the conversation.

2/ “Being a VC” can mean a lot of different things, so it’s worth asking:

What actual activities do you want to do?

- Deep market analysis?
- Be in the flow of information and people?
- Make deals?
- Work closely w/ founders over time (e.g take board seats?)
- Manage capital?

3/ It’s worth specifying what type of VC you might like to become — as there are different archetypes. E.g.

- Benchmark (Lead series A/B - couple investments a year)
- First Round (Lead seed rounds, partner w/ a few companies a year)
- SV Angel (Make lots of seed investments)

4/ Continued:

Expa - Incubate companies

YC / Village Global - Build a platform to help entrepreneurs at scale

Do you want to join a firm or start one? There’s a lot to consider.

Different paths will require different skillsets & sets of experiences.

5/ Since the person who wrote the email is a young person trying to break into VC by joining a firm (and who doesn’t want to start a company), I’ll tailor this tweet storm to that goal. There’s some overlap.
STARTUPS
Bharadwaj
Bharadwaj
@BharadwajSpeaks
Hinduism is a minority religion in Punjab.

During the Khalistan movement, the minority Hindus and Jains were subjected to several attacks. Hindu and Jain temples were frequently vandalized and desecrated. This thread documents a few instances.

Thread

Durgiana Mandir is one of the oldest temples of Amritsar. According to the regional Hindu tradition, the temple was built on the spot where Lava and Kusha bound Hanuman. The temple annually attracts millions of Hindus from all over the country.


Amristsar has a very ancient Hindu history.

According to the regional Hindu tradition recorded in the "Survey of Amritsar", Amritsar got its name from Amrit immersed by Lava and Kusha in a pond.


Durgiana Mandir was rebuilt in 1921.

It was used to house the Murtis of Vishnu and Durga which were thrown out from the Parikrama of Harmandir Sahib in 1905.

Because of its presence in Amritsar, it became a frequent target of radicals during the Khalistan movement.


In 1982, in what was a completely unprovoked attack, the Dal Khalsa "activists" threw a severed cow head inside Durgiana temple.
RELIGION
Vibhu Vashisth
Vibhu Vashisth
@VIBHU_Tweet
LACHIT BORPHUKAN : AN UNSUNG WARRIOR OF THE AHOM KINGDOM & THE GREAT BATTLE OF SARAIGHAT

Originally named as Lachit Deca, Lachit Borphukan, the fierce and invincible Ahom Commander, was born during the early 17th century at Betioni in the Golaghat district of modern Assam.


His father, Momai Tamuli Borbarua was the ‘Governor’ of the kingdom and also ‘Commander-in-Chief’ of Ahom army under King Pratap Singha during his reign starting from 1603 to 1639. Lachit received military training from an early age and joined the Ahom King Jayadhvaj Singha...


...(1648-1663) as a scarf-bearer.  The post ‘scarf-bearer’ or ‘Soladhara Barua’ is considered as a part of the incumbent king’s personal staff. Owing to his military training Lechit was appointed "Ghora Barua", Supdt. of the Royal horses. When Chakradhwaj Singha became king..


..of Ahom dynasty in 1663,he appointed him Suptd. of The Royal Guards &finally he was appointed as Borphukan by the king.Then onwards,he was known as Lachit Borphukan.Borphukan used to be top councillor in Ahom Kingdom. This position was embedded with executive & judicial powers.


Assam was facing incessant Islamic invasion since Jan1662, when Mughal General Mir Jumla II attacked Ahom capital Gargaon. He never defeated Ahom king Jayadhwaja Singha as king retreated to hill &continued Guerrilla warfare.Prolonged fight &prospect of stalemate disturbed Jumla.
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