BC TRADING

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Christmas Machiavelli
@corporatemach 4 years, 3 months ago 402 views

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If you are in the top 10% of the income distribution,

and you are a Rightwing Free Market Libertarian

(you want zero government enforced wealth redistribution)

the probability you are motivated by real ideological conviction is low...

...the probability you are motivated by sheer self interest is high.

People are not trustworthy witnesses as to what their own motivations are.

If you ask a rich person who wants zero government enforced wealth redistribution (Socialism) why they want this, they are likely to give you Free Market Libertarian rhetoric about some 'Non-Agression Principle'.

The truth is much simpler; they care a lot more about their ability to NOT pay taxes, than they do about poor people's ability to access free stuff in the form of government services.

Debates about Wealth Redistribution/Socialism

have nothing to do with Ideology,

and everything to do with Self Interest.

**Zero Sum Conflict Over Finite Resources**

It is in the best interest of The Poor for the Government to do Generous Wealth Redistribution, and to fund it by placing taxes on The Rich.

It is in the best interest of The Rich for the Government to do Minimal (Ideally Zero) Wealth Redistribution, so they don't have to pay taxes to fund it.

Leftwing Socialist Ideology and Rightwing Libertarian Ideology are just post hoc rationalizations manufactured to help justify the interests of The Poor and The Rich, respectively.

It's not really about Ideology.

It's about Interests and Greed

**Zero Sum Conflict Over Finite Resources**

CAVEAT:

It is a *Negative Sum Game* (bad for everyone), if there is Wealth Redistribution/Socialism funded by Government Deficit Spending.

Sooner or later, the Government's Debts will become enormous, and the country will either go bankrupt, or the government will print a bunch of money to pay off its debts (thereby causing hyperinflation).

In either case (Government Bankruptcy OR Hyperinflation) it means economic catastrophe, for 100% of the population, both rich and poor.

EXAMPLES:

Time Period: 1990 - 2020

Rich People Winning (Low Taxes, Little Wealth Redistribution): SINGAPORE

Poor People Winning (High Taxes, Generous Wealth Redistribution): DENMARK

DISASTER, Government Deficit Spending Leading To Economic Catastrophe For Everyone, Both Rich And Poor: VENEZUELA

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@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"

M Lebon
@LongTplexTrader

So..had a great conversation last night with older investment types, old friends whom I traded with/against and managed money against or for. Age diff from me is > 10+ years so the takes were interesting but the common theme was a little disturbing (depends on your view)

Was looking at the landscape of the world & quite concerned where we are (I do not share your optimism for a shinny happy future). I am a Bond guy + Cycles & my view approach is ALWAYS what is the worst that can happen (that is how I was taught to trade & manage money) As a Bond

Money manager you never every want to apologize for a negative year, most people don't understand bonds can lose lots and lots and lots of money. So my view on life is always negative & fuck you approach.

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basically the world changed 2007/2008 especially North America. The GFC set in motion financial engineering games and here we are. The issues pre this (2000 to 2007) set ALL this up so lots of blame to go around but to pin point certain things the real problems started with QE &

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Trader knight
@Traderknight007

How position sizing can affect your trading performance-

Assuming that you are trading a Trend-following system with Big RR and low win-rate.

For example, assume that you risk one percent per trade on a 100,000 account
and you have 20 straight losses.

That one percent is of your remaining equity and at the end of 20 losses, you would be down to 81,790.60.

Now if you got a 30R winner and you are risking one percent of your balance of 81,790.60, your new equity would be 106,327.9,

You’ve had 20 losses and one winner though you are still up 10Rplus your equity is up by 6.3R percent.

Now, let’s say you risk five percent per trade on your balance. At the end of 20 straight losses, you would be down to 35,772.89 or down 64 percent.

If you risk five percent on this amount and get a 30R winner, you would be up to 89,621.48. You are up 10R, but because of your position sizing, your equity is still down over 10 percent.

#positionsizing
#Trading
#nifty50

This is why position sizing is the most important factor in trading if you get it right and you have an edge, you will do good.

Thanks for reading till here.
@AnandableAnand @jitendrajain @quatltd @sohamtweet

Aditya Trivedi
@itsAdityaT

Most of the successful traders here are option sellers.

Ever wondered why?

Why we have chosen option selling?

Find our below

1: Being wrong and still making money.

We as option sellers can be wrong with our market view and still end up making money because of the power of theta decay and adjustments to some extent.

Adjustments work better as get closer to expiry since decay is the highest.

2: Theta decay

The biggest reason and one of the prime reasons is the theta decay.

Option sellers always have an advantage because the as time passes, the option premium falls even if the underlying instrument doesn't move.

3:Playing directional view

Option selling also enables us to take a directional view. In fact, directional view along with theta decay makes it a solid combination.

Debit spreads and credit spreads works great for a directional view.

4: Playing Neutral view

We can make money in option selling even if the market doesn't move as the otm options will go to 0 with the help of theta decay. It's the most fascinating thing.

This is what attracted many into option selling.

Aditya Todmal
@AdityaTodmal

Technical Analysis and 3 Strategies to deploy for Aggressive, Moderate, and Conservative Traders.

🧵 Weekly Bank Nifty Analysis for 8th December Expiry:

To form a view, let's have a look at:

1. Multi-timeframe Technical Analysis
2. Option Chain Data

Also, 3 strategies to deploy for:

1. Aggressive Traders (2.6%)
2. Moderate Risk Traders (1.3%)
3. Low-Risk Traders (0.8%)

1. Technicals

Let's start by doing some basic technical analysis.

We'll look at:

• Weekly charts.
• Daily charts.
• Hourly / 60 min charts.
• 15 min charts.

1. Weekly-

• The market has given 4 continuous green closes, so not expecting a big momentum on upside.

• This week my view is that it can take a pause.

• Longer term trend is super bullish.

• Any dip will towards 41800 will be a retest, and should be used to go long.

2. Daily:

• Candlestick pattern—Hanging Man

• Chart Pattern—Breakout Failure

• A pin bar candle is very powerful but only after a downmove.

• Here it forms near the top of upmove.

• Means some sellers are present. Below 43000 can sell calls above 43600 for the week.

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KrishnaLeela
@Talesofkrishna

🌿𝑻𝒉𝒆 𝒔𝒕𝒐𝒓𝒚 𝒐𝒇 𝒂 𝑺𝒕𝒂𝒓 : 𝑫𝒉𝒓𝒖𝒗𝒂 & 𝑽𝒊𝒔𝒉𝒏𝒖

Once upon a time there was a Raja named Uttānapāda born of Svayambhuva Manu,1st man on earth.He had 2 beautiful wives - Suniti & Suruchi & two sons were born of them Dhruva & Uttama respectively.
#talesofkrishna https://t.co/E85MTPkF9W

Prabhu says i reside in the heart of my bhakt.

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— Right Singh (@rightwingchora) December 21, 2020

Now Suniti was the daughter of a tribal chief while Suruchi was the daughter of a rich king. Hence Suruchi was always favored the most by Raja while Suniti was ignored. But while Suniti was gentle & kind hearted by nature Suruchi was venomous inside.
#KrishnaLeela

The story is of a time when ideally the eldest son of the king becomes the heir to the throne. Hence the sinhasan of the Raja belonged to Dhruva.This is why Suruchi who was the 2nd wife nourished poison in her heart for Dhruva as she knew her son will never get the throne.

One day when Dhruva was just 5 years old he went on to sit on his father's lap. Suruchi, the jealous queen, got enraged and shoved him away from Raja as she never wanted Raja to shower Dhruva with his fatherly affection.

Dhruva protested questioning his step mother "why can't i sit on my own father's lap?" A furious Suruchi berated him saying "only God can allow him that privilege. Go ask him"

Vibhu Vashisth
@VIBHU_Tweet

IT WAS RISHI KANADA WHO GAVE THE ATOMIC THEORY & TALKED ABOUT THE GRAVITY OF EARTH, 2600 YEARS BEFORE AN APPLE FELL IN FRONT OF NEWTON'S EYES:

Scientists of the modern world credit an English scientist John Dalton (1766 CE -1844 CE) for the Atomic Theory.

And this is because, most of us are not even aware of an ancient Indian Sage named Kanada, who was the first to formulate the theory of atoms, almost 2600 yrs before Dalton and talk about earth's gravity.

Rishi Kanada was born around 600 BCE in Dwarka, Gujarat and he was the son of a philosopher named Ulka. He was fascinated with the minute detailing of the things right from his childhood. Once, when he was very young, he accompanied his father on a journey to Prayaga.

He saw plentiful grains scattered along the path leading to the shore of river Ganga. It's a tradition in Hindu families to scatter the grains for the ants and birds to feed on them. Suddenly, an ant caught his attention, who was feeding on a rice grain.

He was mesmerised by this very fact that how a small grain of rice becomes food for the ant but to satisfy the hunger of a person so many grains are needed together. This incidence made him realize the importance of a single grain of rice.

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Thread A History lesson for the MOAB:
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Everyone in the country is about to get a harsh lesson on what this really means...

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With no constitutional authority to do so, Congress creates a separate form of
government for the District of Columbia.

3. A ten mile square parcel of land (see,
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STEALTH JEFF
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Andy McCabe has some explaining to do.

Andrew McCabe was reported to the FBI’s Office of Public Affairs for making an unauthorized leak of classified info to the media about @GenFlynn in early February 2017.

If you’ve wondered exactly who it was who leaked the classified info from that intelligence report on @GenFlynn’s phone calls with then-Russian ambassador Kislyak to the media, you are right now seeing a huge honking clue who it was.

To those responding to this info by sneering "Nothing's gonna happen":

Up.

Your.

Game.

You just might be too stupid to be following me.

The then-Deputy Director of the FBI get's caught targeting @GenFlynn with an illegal leak so he can 'investigated' by Peter Strzok?

Now that we know it was McCabe who set up Flynn for a fake 'perjury' investigation by his pet attack dog, Peter Strzok, the next name that's going to surface is...Joseph Pientka.

Jig's Patel
@jigspatel1988

How to trade on Expiry day with Nifty straddle?
(System trading on Expiry)

Triple straddle is one of the best and accurate methods for expiry day

If nifty trading at 15720 then will sell three straddles above 50 points from ATM, below 50 points and ATM.

Ex.
Sell straddle 15700(ATM), 15650(ATM-50), 15750 (ATM+50)

Stoploss of 80% on every leg and run your trade till 3 PM

Once SL hit in any Leg just keep holding other leg till expiry with SL (Never or less chance to hit both SL on expiry day)

Trading timing at 9:20 the Morning

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