BC TRADING
Saved by @Alex1Powell

Some observations and thoughts on ZILSwap: What went well, its impact on the $ZIL ecosystem and where we need to improve with some concrete plans that are being worked on. A thread:

👇

 1/ ZILSwap was launched by @SwitcheoNetwork on Oct 5, 2020 (~2 months old). Soon after, we noticed for the first time, a flurry of ZRC-2 tokens (equiv. of ERC20s on $ZIL) getting launched on the network (even though the fungible token standard had been around for a while).
2/ The ability to provide a marketplace for people to exchange tokens was the trigger for deveopers to start issuing tokens and developing a token economy. In fact, there was a token for which, the entire supply was put on a ZILSwap pool w/o any team withholding.
3/ This was an extreme example of why a DEX was needed and the role it played in bootstrapping several tokens and respective token economies. Over 25 tokens are available on ZILSwap in the form of liquidity pools. The total pool size across all tokens is over USD 1 million.
4/ ZILSwap also made it possible for the first time for anyone to get access to $XSGD (the Singapore Dollar Stablecoin issued by @xfers). In fact $XSGD and $gZIL contribute the greatest proportion of the total pool.
5/ As $XSGD and $gZIL were only available on ZILSwap initially ( $gZIL is also on @cex_io now), both have undergone significant growth over the last few months since their launch in October. ZILSwap recorded a cumulative trading volume of $1.3M for $gZIL and $750.9K for $XSGD.
6/ ZILSwap is also the address holding the largest number of $gZIL (2.67% of the total circulating supply) and the third largest holder of $XSGD (18.50% of the total circulating supply). This clearly highlights the central role of ZILSwap for these two tokens in particular.
7/ I do see two issues with ZILSwap though. The first one is around incentive. Despite the fact that ZILSwap has some incentive baked for liquidity providers (0.03% of trading fees), it is imperative to boost the incentive a bit further.
8/ More incentive will attract more liquidity providers and therefore a more liquid market for token issuers and token holders. We are extremely cognizant of this and a solution is in works.
9/ The second one is about bringing more assets that the community would like to interact with. This is where $ZIL - $ETH and potentially $ZIL - $BTC bridge will come into play. Bridging Zilliqa with other chains will bring assets from an external chain on the Zilliqa platform.
10/ The bridge would allow the $ZIL community who hold other assets such as $ETH, $BTC or ERC20s to move them on Zilliqa and be able to transfer them around without congestion or trade them at cheaper costs and that too with just a few clicks.
11/ Cross-chain bridges may also bring different communities together and allow dapp developers to target a wider userbase. However, liquidity will still remain important. The bridge and the assets will only be a step towards the goal as users will need liquidity on ZILSwap.
12/ And therefore the community contribution towards liquidity provisioning will be crucial which again makes the underlying incentive mechanism important. Furthermore, we need to understand that there is much more to be unlocked once the cross-chain assets cross over.
13/ We have to go beyond enabling people to be able to trade ETH-based assets and think of providing applications that can use those assets. Pillar for example could take those cross-chain assets as collateral.

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Trader knight
@Traderknight007
A thread on Risk and Returns


Trader X -

Net-worth - 5 Cr
Trading capital - 25 lakh

Trader Y -

Net-worth - 30 lakh
Trading capital - 25 lakh

Trader X take risk of 2% per trade and he makes about 30-40 % Return on trading capital per month,

Whereas Trader Y only risk 0.25% per trade and he makes about 3-4 % on Trading capital per month.

Trader Y saw how much trader X is making with the same amount of capital that he has.

He is frustrated with his mediocre results as compared to Trader X, though he don’t know the fact that Trader X Is only trading with 5 % of his total net worth.

Trader X has much more risk taking ability in Rupee terms as compared to the Trader Y because he has higher net-worth.

Trader X will not have much impact when he goes into deep Drawdowns , 40-50% where as if the Trader Y goes below 15% DD , it will have deep psychological impact on him.

Even if the Trader X makes 100% return on his trading capital , turns 25 lakh into 50 lakhs ,
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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.
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Sahil Bloom
Sahil Bloom
@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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OptionSeller(Vardhan)
OptionSeller(Vardhan)
@CaVardhanca
If you really want to make MONEY in markets:-

Instead of finding SUPPORTS to BUY in Bearish Markets, try to SELL near RESISTANCE in PULL BACKS.

Instead of finding RESISTANCE to SELL in Bullish markets, try to BUY near SUPPORT in PULL BACKS.

You are all set to make MONEY!!!
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Aditya Todmal
Aditya Todmal
@AdityaTodmal
How to save tax when income is above 50 lakhs?

Here are 9 benefits of trading in a corporate account: 🧵

Collaborated with @niki_poojary

1. Make a Pvt Ltd Company.

Form a company with family members and trade under it. The family members should be directors of the company. Will explain why later.

Why form a company?
You will only need to pay 25% flat tax. Individuals have to pay 30% tax above 10 lakh profits.

2. Surcharge Benefits:

You will be charged a lower surcharge in a corporate account.

Check the picture below:


Total Tax Outlay:

The total tax outlay for individuals is 30% plus surcharge. If you really earn a lot (10 cr +) then you will be paying 42% tax.

Whereas in a company you'll be paying a maximum of 28% tax.

This is how rich people save a lot of their money by paying low taxes.

3. Expenses can be deducted.

All expenses can be deducted from a company account.

Companies:
1. First make a profit.
2. then deduct the expenses
3. & Pay tax on the remaining income

Individuals:
1. First Profit
2. Then Pay tax
3. Expenses with whatever is left.
ALL , TRADING , TAXES RATTIBHA

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Tweets: https://t.co/XLfoX4rpck / https://t.co/vjE1ctLU5x


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1/“What would need to be true for you to….X”

Why is this the most powerful question you can ask when attempting to reach an agreement with another human being or organization?

A thread, co-written by @deanmbrody:


2/ First, “X” could be lots of things. Examples: What would need to be true for you to

- “Feel it's in our best interest for me to be CMO"
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- “Feel that we’re on the same page”
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Founders leave VC meetings thinking that every VC will invest, but they rarely do.

Worse over, the founders don’t know what they need to do in order to be fundable.

4/ So why should you ask the magic Q?

To get clarity.

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Multiple responses to this question are likely to deliver a positive result.
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Murray 🇺🇸...
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@Impregnable007
#Thread - 1/21

A story of a brave woman who let her "breast" cut to protect the life of Netaji Subhash Chandra Bose!

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so she ended up joining the Jhansi Regiment in Azad Hind Fauz after the marriage. It was the regiment that the British always accused them of spying on British Govt.

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