Start by learning and using the tools in the web3/crypto space 🤝
Do anything related to crypto but DO it. Don't just listen to a podcast or read a blog post.
How to get started in web3 ⚡️
I didn't know what web3 was 7 months ago. Recently I completed the #100daysofweb3 challenge!
🧵 Here you go, my web3 roadmap for anyone getting started:
Start by learning and using the tools in the web3/crypto space 🤝
Do anything related to crypto but DO it. Don't just listen to a podcast or read a blog post.
- Interact with dApps: exchange some tokens, get an ens name etc.
⭐️ Checkout @rabbithole_gg, a dApp to onboard users to web3. It has some challenges for you to get started in the web3 world
There is so much to learn and too many myths! Make sure to spend some time and do your own research.
Here are some resources to get you started:
- @useWeb3 by @wslyvh has a curated list of awesome resources
- @BanklessHQ and @rabbithole_gg Podcasts
- @gaby_goldberg's web3 reading list
https://t.co/hOK3UDMRTt
Now that you have a basic understanding of the web3 space, it's time to start building.
🏗 Here are communities and builders that have guided me; my journey would not have been possible w/o the people here:
https://t.co/kTn0M3ucjh
My favourite place to learn about web3 is on twitter \u26a1\ufe0f
— Eda (@edatweets_) January 5, 2022
Today is also my 100th day of #100daysofweb3, these people & communities have been an incredible resource for my journey!
\U0001f9f5 Here you go, my ultimate followings for building in web3:
- Take it slow; there are many technologies to learn, and it's all brand new. It can get overwhelming very quickly
- Focus on a specific area (eg: frontend)
- Document your progress (can't overstate how many times I went back to my own content to remember)
- Go beyond the tutorial and add some creativity 👩🎨
- Try out the #100daysofcode challenge (ps: i'd highly encourage to take breaks on the way)
Join a DAO, be active on Twitter, reach out to people
- Find and learn about DAO's on @DAOCentral
- Come and join @developer_dao - membership applications will be opening up soon
Here is a great article by @Haezurath on this topic 👇https://t.co/FmErkCmYFg
Additionally you can follow the projects and people on Twitter, create a post/project and reach out! In the web3 world, Twitter is the new Linkedin😉
If you'd like to read more about my journey and recommendations, check out my 100days article👇
https://t.co/hBanyPYbK5
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A THREAD ON @SarangSood
Decoded his way of analysis/logics for everyone to easily understand.
Have covered:
1. Analysis of volatility, how to foresee/signs.
2. Workbook
3. When to sell options
4. Diff category of days
5. How movement of option prices tell us what will happen
1. Keeps following volatility super closely.
Makes 7-8 different strategies to give him a sense of what's going on.
Whichever gives highest profit he trades in.
2. Theta falls when market moves.
Falls where market is headed towards not on our original position.
3. If you're an options seller then sell only when volatility is dropping, there is a high probability of you making the right trade and getting profit as a result
He believes in a market operator, if market mover sells volatility Sarang Sir joins him.
4. Theta decay vs Fall in vega
Sell when Vega is falling rather than for theta decay. You won't be trapped and higher probability of making profit.
Decoded his way of analysis/logics for everyone to easily understand.
Have covered:
1. Analysis of volatility, how to foresee/signs.
2. Workbook
3. When to sell options
4. Diff category of days
5. How movement of option prices tell us what will happen
1. Keeps following volatility super closely.
Makes 7-8 different strategies to give him a sense of what's going on.
Whichever gives highest profit he trades in.
I am quite different from your style. I follow the market's volatility very closely. I have mock positions in 7-8 different strategies which allows me to stay connected. Whichever gives best profit is usually the one i trade in.
— Sarang Sood (@SarangSood) August 13, 2019
2. Theta falls when market moves.
Falls where market is headed towards not on our original position.
Anilji most of the time these days Theta only falls when market moves. So the Theta actually falls where market has moved to, not where our position was in the first place. By shifting we can come close to capturing the Theta fall but not always.
— Sarang Sood (@SarangSood) June 24, 2019
3. If you're an options seller then sell only when volatility is dropping, there is a high probability of you making the right trade and getting profit as a result
He believes in a market operator, if market mover sells volatility Sarang Sir joins him.
This week has been great so far. The main aim is to be in the right side of the volatility, rest the market will reward.
— Sarang Sood (@SarangSood) July 3, 2019
4. Theta decay vs Fall in vega
Sell when Vega is falling rather than for theta decay. You won't be trapped and higher probability of making profit.
There is a difference between theta decay & fall in vega. Decay is certain but there is no guaranteed profit as delta moves can increase cost. Fall in vega on the other hand is backed by a powerful force that sells options and gives handsome returns. Our job is to identify them.
— Sarang Sood (@SarangSood) February 12, 2020
