Get into binary options where profit grows on a daily basis.with a minimum investment of $350 get up $4500 in a week. No magic tricks. Just hardwork and a working strategy. Inbox me on how to create wealth online
Apart from the fact that I promised to share Mr DV's ([email protected]) awesome strategy and BO techniques if I became successful using it, I don't see myself here to post anything ,After I met him four months ago and with $25k weekly I realized that I wasted 6months of my life doing things the wrong way . If you need an expert to assist you in trading or need a final solution to all your loss in trading binary, feel free to contact the wall street guru Mr Dmitry Vlasialav , he will share with you his master class strategy which has been able to revive me to making profit with my broker accounts always. with his strategy I have been able to raise up to about $25,000 and above every week with an accurate signal of about 95% daily, He has been a blessing to my family and friends , we are all binary traders now . only willing and interested people should contact him and please mention me, Rogers Atoir as your referrer as I promised him that I would sing his name everywhere .
Going to keep this simple. EDIT: this isn’t simple and I should write a short story on this. I am generally risk averse. I hate losing $100 at the casino, I hate paying extra for guac at chipotles, I will return something or price match an item for a few dollars of savings. I am generally frugal. But, I somehow had no issues losing 10k in options... How I started I remember my first trades like they were yesterday. I was trading the first hydrogen run-up in 2014 (FCEL, BLDP, PLUG) and made a few hundred dollars over a couple weeks. I quickly progressed to penny stocks / biotech binary events and general stock market gambling mid-2014. I was making a few % here and there but the trend was down in total account value. I was the king of buying the peak in run-ups. I managed to make it out of 2014 close to break-even to slightly down. WSB Era March 2015 was my first option trade. It was an AXP - American Express - monthly option trade. I saw one of the regular option traders/services post a block of 10,000 calls that had been bought for 1.3 and I followed the trade with 10 call options for a total of $1300. I woke up the next day to an analyst upgrade on AXP and was up 50% on my position. I was addicted! I day-dreamed for days about my AXP over night success. I think around that time there was some sort of Buffet buyout of Heinz and an option trade that was up a ridiculous amount of %%%. I wanted to hit it BIG. I came up with the idea that all I needed to reach my goal was a few 100% over night gains/ 1k>2k>4k>8k> etc. I convinced myself that I would have no problems being patient for the exact criteria that I had set and worked on some other trades. Remember, the first win is always free. I was trading options pretty regularly from March 2015 until August 2016. During my best week I was up 20k and could feel the milli within reach. I can remember the exact option trade (HTZ) and I was trading weeklies on it. For those who have been in the market long enough, you will remember the huge drawdown of August 2015. I lost half my account value on QCOM calls (100 of them) that I followed at the beginning of July and never materialized. I watched them eventually go to 0. It was another 10,000 block that was probably a hedge or sold. In August 2015 there were some issues with China and all of us woke up to stocks gapping down huge. Unfortunately my idea of buying far dated calls during the following days/weeks after the crash went sideways. I quickly learned that an increase in volatility causes a rise in option prices and I was paying a premium for calls that were going to lose value very quickly (the infamous IV crush). I kept trading options into the end of 2015 and managed to maintain my account value positive but the trading fees for the year amounted to $30,000+. My broker was loving it. I tried all the services, all the strategies. I created rules for my option plays: 1. No earnings 2. Only follow the big buys at a discount (10,000 blocks or more). 3. No weekly options 4. Take profit right away 5. Take losses quickly 6. etc. I had a whole note book of option plays that I was writing down and following. I was paying for option services that all of you know about - remember, they make money on the services and not trading. I even figured out a loop-hole with my broker: if I didn’t have enough money in my account, I could change my ask price to .01 and then change it to market buy and I would only need to accept a warning ⚠️ for the order to go through. I was able to day trade the option and make money, who cares if I didnt have enough? After a few months of this, I got a call from my broker that told me to stop and that I would be suspended if I continued with this. By the way, I was always able to satisfy the debit on the account - so it wasn’t an issue of lack of funds. Lost it all. Started taking money from lines of credits, every penny that I earned and losing it quicker and quicker. I was a full on gambler but I was convinced that 8 trades would offset all the losses. I kept getting drawn in to the idea that I could hit a homerun and make it out a hero. I eventually hit rock bottom on some weekly expiring FSLR options that I bought hours before expiration and said to myself - what the f are you doing? I resolved to invest for the long term and stop throwing tendies away. The feeling was reinforced during the birth of my first born and I thought - what a loser this kid will think of me if he knew how much I was gambling and wasting my life. It was a really powerful moment looking at my kid and reflecting on this idea. I decided at that point I was going to save every penny I had and invest it on new issues with potential. Fall 2016 TTD, COUP and NTNX IPO ‘ed I decided I was going to throw every dollar at these and did so for the next few months. I eventually started using margin (up to 215%) and buying these for the next 6 months. They paid out and managed to make it over 100k within the year. The first 100k was hard but once I crossed it, I never fell below this magic number. 2017 - I did some day trading but it was mostly obsessing over the above issues. I did gamble on a few options here and there but never more than 1k. 2018 - SFIX was my big winner, I bought a gap up in June 2018 and my combined account value had crossed 400k by August 2018. I was really struggling at crossing the 500k account value and experienced 3 x 30-40% drawdowns over the next 2 years before I finally crossed the 500k barrier and have never looked back. I still made some mistakes over the next few months - AKAO & GSUM come to mind. Both of these resulted in 20k+ losses. Fortunately my winners were much bigger than my losers. I thought about giving up and moving to index funds - but i was doing well - just experiencing large drawdowns because of leverage. 2019 big winners were CRON SWAV STNE. 2017 / 2018 / 2019 all had six digit capital gains on my tax returns. At the beginning of 2020 I was still day trading on margin (180-220%) and got a call from my broker that they were tightening up my margin as my account was analyzed by the risk department and deemed too risky. Believe it or not this was right before the covid crash. I brought my margin down to 100-110% of account value and even though the drawdown from covid hit hard, I wasn’t wiped out. I stayed the course and bought FSLY / RH during the big march drawdown and this resulted in some nice gains over the next few months. I am constantly changing and testing my investment strategy but let me tell you that obsessing over 1 or 2 ideas and throwing every penny at it and holding for a few years is the best strategy. It may not work at some point but right now it does. I still day trade but I trade with 10k or less on each individual position. It allows me minimize my losses and my winners are 1-7%. I am able to consistently make between 3-700$/ a day on day trades using the above strategy. I still take losses and still dream about hitting it big with an option trade but dont feel the need to put it all on the line every month / week. I finally crossed into the two , club. I know people are going to ask for proof or ban but I am not earning anything for posting and the details about some of the trades should be proof enough that I kept a detailed journal of it all. I have way more to write but these are the highlights. Eventually I will share how I build a position in a story I love. I still sell buy and sell to early but I am working on improving. TL:DR - I gambled, lost it all and gambled some more lost more. I made it out alive. I have only sold calls/puts lately. The one common denominator in all successful people is how much they obsess over 1 or 2 ideas. Do the same. All the winners on this sub have gone all in on one idea (FSLY / TSLA ). Stick with new stories or ones that are changing and go all in...wait a second, I didnt learn anything.
AMZN Trade Retrospective: Collecting a $.37 Credit for the Potential to Make Another $50
There are different ways to trade in a choppy environment. Here’s a deep dive on how I attempted to use weekly options to trade a potential bounce in AMZN, and collected $.37 initially, for the possibility of making $50 more, even though the trade ended up being only an $.81 winner.
Last Thursday, 9/24, when $AMZN was trading at about $3000 a share, I was looking for a cheap way to play a bounce in the stock. During that time, my bias in the markets had begun to shift to a more bullish stance after seeing how the market had difficulty grinding lower. With that in mind, I wanted to play a potential bounce in tech. But I knew I didn’t want to pay a debit at all to play for a bounce that might not even happen, given how uncertain and choppy the markets had been, but I still wanted to set myself up to capture some large gains if AMZN did indeed bounce. Therefore, the strategy that made the most sense to me, was a Call broken wing butterfly. Given that I’m a very short-term options trader who loves trading weeklies, I was trying to look for a cheap butterfly for the upcoming week that I could put on for a net credit. After exploring the options chain, I came across the +1/-2/+1 3300/3350/3450 call broken wing butterfly for the Oct 2 series. This fly, at the time (on Sept 24), was trading for a total of $.37 credit. Meaning, by putting on that butterfly, I would get paid $.37, and the following scenarios could happen:
If AMZN decided to tank or hang out sideways and never get up close enough to the butterfly to expand the spread in my favor, then I’d walk away pocketing the $.37 credit
If AMZN slowly crept up to reach exactly 3350 by expiration, I’d not only get to keep the credit, but also be able to sell the butterfly back out for $50. Of course, it doesn’t need to reach exactly 3350 by expiration. If AMZN slowly worked its way up to near 3300, then the butterfly would expand very nicely as well.
If AMZN blew past 3400 by expiration, I’d see a loss, up to a maximum of $50 / spread (if $AMZN moves past 3450). That’s because the 3300/3350 long call vertical of the fly provides 50 points of coverage before I essentially start losing money from the 3350/3450 short vertical, up until that 3450 kicks in to cap off further upside losses.
So that is a rough outline of the potential scenarios that would happen with this trade. Given the choppy market conditions, I was ok with risking $50/spread (point #3), in order to not lose money if I’m wrong on direction (point #1), while at the same time, keeping myself open to the possibility of the butterfly expanding in my favor (point #2) for some potentially very large gains. But satisfying point #3 is tricky. I needed more data points suggesting that $AMZN wouldn’t surge higher early on in the trade. Because if $AMZN did surge higher early on in the trade, then while the 3300 long call would rise in value, those two 3350 short calls would also rise in value, and because there’d still be some time value left, they could be very juiced up and eat away at the profits of that 3300 long call, so much so that the 3450 long call won’t even be able to offset those losses, especially given how far out of the money that 3450 call is. AMZN on 9/24, daily timeframe Looking at the chart above on 9/24, we can see that AMZN was trading at around $3000/share. In order to reach $3300 (where the first long call of the broken wing butterfly is), the stock would need to
Breach the 38% fib retracement (~AMZN=3131) of the move from the 9/2 high to the 9/21 low,
Breach the 20MA and 50MA
Breach the 50% fib retracement (~AMZN=3211)
Breach the 61.8% fib retracement (~AMZN=3292)
before finally reaching the 3300 long call. All of these levels, I felt, should provide some resistance for AMZN to have to chew thru over the following week, before it even gets to the long call. And by that time, if AMZN did reach 3300, then the 3300 long call would still have a lot of extrinsic value left (somewhere around $20 on the last day), while the 3350 short calls would be very cheap (each around $5), so the entire spread could be roughly worth $10. Which would be great, because that means I’d be getting paid $.37 to make another $10. So with all of the above considered, I chose to take on that upside risk, for a chance to make potentially $50 (realistically I try to aim for just half of the max profit: $25, and start harvesting profits and peeling off the flies at around $5-$10), and that day on 9/24, entered the Oct2 3300/3350/3450 call broken wing butterfly for a $.37 credit. After entry, on Friday 9/25 and Monday 9/28, AMZN made steady progress upwards, from 3000 to 3175, breaching the 31.8% retracement and tagging the 20MA and 50MA from below. AMZN on 9/28, daily timeframe but this move wasn’t large and fast enough to expand the value of the 3350 short calls. In fact, theta did a great job draining those short calls, while the 3300 long call did a good job retaining its premium, so the butterfly had already expanded a bit in my favor, and I was sitting at about a small $1.00 profit.
However, on Tuesday and Wednesday, AMZN began to stall out. By the end of Wednesday 9/30, when it looked like AMZN was putting in a topping tail, I decided that AMZN might not be able to make it near 3300 by expiration Friday, so I wanted to take in a bit more credit while I still could, before theta drained more of that 3300 long call. At the time, the spread was trading for almost $2. That’s when I made a slight adjustment to the spread and sold the 3300/3310 call vertical. AMZN on 9/30, daily timeframe This essentially rolled the 3300 long call up to 3310, and I was able to collect a small $.44 credit for it. However, this adjustment did open me up to an additional $10 of risk to the upside, because now, the long call vertical portion of the butterfly is only $40 wide (instead of $50). Still, with only 2 days left for AMZN to go higher, I felt comfortable taking on a bit more upside risk knowing that theta is going to be working hard to drain those 3350 short calls if AMZN did decide to surge higher. And at that moment, I actually wanted AMZN to move more towards my fly. My deltas were still positive, and the risk graph showed that a move towards the short strikes of the fly would expand it by another $4-5 by Thursday. So after this adjustment, the trade stood at a $.81 credit, and the profit potential on the fly was now $40 instead of $50. Which is still pretty good.
On Thursday, AMZN showed some strength and closed above the 50% fib (3211), which meant that if on Friday, AMZN worked its way up to around 3300, the fly could potentially be worth $5-10. Things were looking good (on any continued bullishness, the next target for AMZN was the 61.8% fib retracement at ~3300). So I left the trade alone without making any more adjustments. AMZN on 10/1, daily timeframe
Unfortunately, on Thursday night, news broke out that Trump was diagnosed with Coronavirus, and the market fell lower. By the open, AMZN was already trading at around 3150, roughly 150 points below the fly. The spread had instantly lost all of its value, so I basically let it expire worthless and walked away pocketing the $.81 credit. https://preview.redd.it/mpwrkjpk6xq51.png?width=4096&format=png&auto=webp&s=8dd7f4da7b000b2266ab57a3c23c1863f9423704 While the trade did not work out as well as I had liked, the important thing to note is that I was able to get paid even when the trade didn’t go in my favor. With options, there are ways to trade an underlying to a certain target without ponying up a debit, albeit at the cost of introducing tail risk, while offering the possibility of very large upside. This may be a style of trading that one can consider employing when the outlook of the markets is uncertain, as long as the trader is willing to make the necessary adjustments to control risk. Which leads me to the following section:
What if AMZN decided to surge very early on during the trade? What if AMZN had surged to 3300 with 4-5 DTE, hence juicing up the short calls and causing the butterfly to take on large negative deltas?
Even though the position would be very theta positive, I would pony up the debit to cap off the upside risk by buying the 3400/3450 call vertical, hence turning the 3300/3350/3450 broken wing butterfly into the 3300/3350/3400 balanced butterfly. From there on out until expiration, I would look for ways to reduce the debit incurred from that adjustment.
But what if AMZN tanked afterwards? You could end up getting whipsawed.
I’d rather be safe than sorry and make the necessary adjustments to avoid getting run over, because I don’t like playing the hope card. I could always undo the adjustment and look for ways to collect back more credit (at the cost of introducing risk elsewhere), depending on my new directional bias on AMZN at the time.
Your maximum loss is so large, $5000. I’d never make that bet, I would never risk $5000 to make $5000.
This style of trading is not for everyone. There are different ways to perceive risk. I don't really think of risk as binary as “max gain vs max loss”. If the trade goes against me, I’m not going to open myself up to the possibility of eating the maximum loss. I’m going to manage that risk and make sure that I don’t lose any money at all on the trade. Basically, I’m not going to just put on the trade, walk away to the prayer room, and come back at expiration and hope that AMZN expired at 3350.
Why not just join thetagang and slap on iron condors / credit spreads in this environment? You could’ve collected more credit by selling a 50 point wide put vertical with your bounce thesis.
Different traders have different styles. I personally don’t like pure premium selling strategies. I’d rather have long options in front of the shorts to open myself up for some large upside and convexity in the P/L curve, rather than limit myself to the concavity of pure premium selling strategies. Having long options in front of the shorts also helps me sleep better at night.
It’s hard to read this. Is there a more visual explanation?
Here’s a video on it: https://www.youtube.com/watch?v=8uq76fZ3EME TL;DR - I used weekly options to trade a potential bounce in AMZN, and got paid $.37 initially to do so, for the possibility of making $50 more. While the trade did not pan out, I walked away pocketing $.81 for being wrong.
Retard Bot Update 2: What is there to show for six months of work?
What is there to show? Not shit, that's why I made this pretty 4K desktop background instead: 4K On the real: I've been developing this project like 6 months now, what's up? Where's that video update I promised, showing off the Bot Builder? Is an end in sight? Yes sort of. I back-tested 6 months of data at over 21% on a net SPY-neutral, six month span of time (with similar results on a 16 year span) including 2 bear, 2 bull, 2 crab months. But that's not good enough to be sure / reliable. I had gotten so focused on keeping the project pretty and making a video update that I was putting off major, breaking changes that I needed to make. The best quant fund ever made, the Medallion fund, was once capable of roughly 60% per year consistently, but in Retard Bot's case 1.5% compounded weekly. "But I make 60% on one yolo" sure whatever, can you do it again every year, with 100% of your capital, where failure means losing everything? If you could, you'd be loading your Lambo onto your Yacht right now instead of reading this autistic shit.
The End Goal
1.5% compounded weekly average is $25K -> $57M in 10 years, securing a fairly comfortable retirement for your wife's boyfriend. It's a stupidly ambitious goal. My strategy to pull it off is actually pretty simple. If you look at charts for the best performing stocks over the past 10 years, you'll find that good companies move in the same general trajectory more often than they don't. This means the stock market moves with momentum. I developed a simple equation to conservatively predict good companies movements one week into the future by hand, and made 100%+ returns 3 weeks in a row. Doing the math took time, and I realized a computer could do much more complex math, on every stock, much more efficiently, so I developed a bot and it did 100% for 3 consecutive weeks, buying calls in a bull-market. See the problem there? The returns were good but they were based on a biased model. The model would pick the most efficient plays on the market if it didn't take a severe downturn. But if it did, the strategy would stop working. I needed to extrapolate my strategy into a multi-model approach that could profit on momentum during all different types of market movement. And so I bought 16 years of option chain data and started studying the concept of momentum based quantitative analysis. As I spent more and more weeks thinking about it, I identified more aspects of the problem and more ways to solve it. But no matter how I might think to design algorithms to fundamentally achieve a quantitative approach, I knew that my arbitrary weights and variables and values and decisions could not possibly be the best ones.
Why Retard Bot Might Work
So I approached the problem from all angles, every conceivable way to glean reliably useful quantitative information about a stock's movement and combine it all into a single outcome of trade decisions, and every variable, every decision, every model was a fluid variable that machine learning, via the process of Evolution could randomly mutate until perfection. And in doing so, I had to fundamentally avoid any method of testing my results that could be based on a bias. For example, just because a strategy back-tests at 40% consistent yearly returns on the past 16 years of market movement doesn't mean it would do so for the next 16 years, since the market could completely end its bull-run and spend the next 16 years falling. Improbable, but for a strategy outcome that can be trusted to perform consistently, we have to assume nothing. So that's how Retard Bot works. It assumes absolutely nothing about anything that can't be proven as a fundamental, statistical truth. It uses rigorous machine learning to develop fundamental concepts into reliable, fine tuned decision layers that make models which are controlled by a market-environment-aware Genius layer that allocates resources accordingly, and ultimately through a very complex 18 step process of iterative ML produces a top contender through the process of Evolution, avoiding all possible bias. And then it starts over and does it again, and again, continuing for eternity, recording improved models when it discovers them.
The Current Development Phase
Or... That's how it would work, in theory, if my program wasn't severely limited by the inadequate infrastructure I built it with. When I bought 16 years of data, 2TB compressed to its most efficient binary representation, I thought I could use a traditional database like MongoDB to store and load the option chains. It's way too slow. So here's where I've ended up this past week: It was time to rip off the bandaid and rebuild some performance infrastructure (the database and decision stack) that was seriously holding me back from testing the project properly. Using MongoDB, which has to pack and unpack data up and down the 7 layer OSI model, it took an hour to test one model for one year. I need to test millions of models for 16 years, thousands of times over. I knew how to do that, so instead of focusing on keeping things stable so I could show you guys some pretty graphs n shit, I broke down the beast and started rebuilding with a pure memory caching approach that will load the options chains thousands of times faster than MongoDB queries. And instead of running one model, one decision layer at a time on the CPU, the new GPU accelerated decision stack design will let me run hundreds of decision layers on millions of models in a handful of milliseconds. Many, many orders of magnitude better performance, and I can finally make the project as powerful as it was supposed to be. I'm confident that with these upgrades, I'll be able to hit the goal of 60% consistent returns per year. I'll work this goddamn problem for a year if I have to. I have, in the process of trying to become an entrepreneur, planned project after project and given up half way through when it got too hard, or a partner quit, or someone else launched something better. I will not give up on this one, if it takes the rest of the year or five more. But I don't think it'll come to that. Even with the 20% I've already achieved, if I can demonstrate that in live trading, that's already really good, so there's not really any risk of real failure at this point. But I will, regardless, finish developing the vision I have for Retard Bot and Bidrate Renaissance before I'm satisfied.
My one-year anniversary of Intuitive Eating. TL;DR: Keep going, this fight is worth it!
Minor TW size/weight mentioned. I’m a frequent poster so likely you’ve already read bits and pieces of this story! But I really want to throw down the whole thing here, just on the off-chance I can inspire one single person to keep going and not give up. One year ago yesterday, I fell hard and sprained the shit out of my ankle while on a punishment run. I was running a 10km trail to punish myself for the excess calories after my 5-year old daughter’s birthday party; the cherry on top of 20+ years of obsessive dieting and over-exercising. I won’t dive too deep into this, because I know all of you that are here will get it. Food and diet owned my thoughts; my day was determined to be bad or good by whether the scale was up or down in the morning. It was hateful. It ruined some of the best moments of my life - beach vacations, parties, dinners with friends where I couldn’t stop thinking about what I looked like and comparing myself with others relentlessly. Anyways, I reached a fork in the road on October 28th, 2019, where I was either going to descend fully into a full-blown eating disorder, or I was going to fix this shit once and for all. With two young daughters, I think I finally had the reason I’d needed to escape the self-imposed loathing and hell of dieting. I came across IE accidentally and connected with the concept instantly. Devoured the books and dove into “eat all the things” mode. Lemme tell ya, this part was messy. I ate allllllll the things. For six whole weeks I ate basically nothing but carbs. Even the sight of vegetables made me gag, after 20 years of force-feeding them to myself. I ate whole meals at 10pm, in order to fully process my restrictive thoughts around “going to bed hungry”. Of course, I gained some weight pretty rapidly, at least 30lbs. I don’t know the actual number because I haven’t weighed myself in a whole fucking year! Omg. That’s wild. So anyways, after this phase things leveled out into this calm space. I would not have got there without my coach, Courtney Hill, who was there with a truck and a winch every time I fell in a ditch. I struggled with body image, initially. But it forced me to find some strategies. Buy some new clothes, change my thoughts. And I totally have. I just don’t really care anymore - not in a “letting myself go” way that I always feared was the binary of obsessive dieting. Nah I just roll around now with a new kind of confidence. Sometimes now whole days will go by where I don’t think about my body once. I just focus on rocking my life and being an amazing mom, wife, and manager. It’s opened up doors for me. I got headhunted by a big company, the cream of the crop in my industry, and I swear I wouldn’t have had the confidence to take it if I hadn’t been well along on this path. I’m so much more calm and present in my life, with my kids. I picked up meditating which has been critically important in this wild pandemic year. I am happier and calmer and more confident than I’ve ever been. My body totally leveled out at a size I’m really happy and comfortable with. Will I ever fit into my wedding dress again? Nah. Do I care? Also nah. I bought new clothes that I feel hot and awesome in. In September, I was finally feeling ready to work out hard again, after a whole year of throwing in the towel. Previously, I’d been an elite athlete and had always exercised obsessively, Crossfitting and running myself into oblivion, ignoring my body’s signals and subjecting myself to one over-use injury after the next. Anyways, I started working out with a personal trainer and absolutely love it. I just smashed a 213lb deadlift yesterday and feel like a fucking beast. I feel healthy. I’m not constantly sick and bedraggled. My hair, skin, and nails are luscious. I have energy. I sleep. I almost wish I’d done some more journaling in the “before” times so I could better comprehend the magnitude of this shift. But I’m also content with just leaving it behind forever. I’ve had a pretty amazing life and have done a lot of incredible things - sailing across oceans, pursuing grad degrees and intense, challenging career options. But I’m proudest of what I’ve done to stomp diet culture to the curb, and, hopefully, break the cycle for my daughters, who will see their mom loving food and being strong and confident and happy. Keep going, it’s worth it.
Version Control in Game Development: 10 Vague Reasons to Use It
Whether you’re a AAA development shop or an indie programmer, building a game will surely take more than just a couple of weekends. Many things can happen between the inception of the game and the time it will be released. To track and manage these changes, developers use version (source) control. Let's talk about version control, branching, and how to select the best version control system. https://preview.redd.it/br064yidj0z51.jpg?width=2190&format=pjpg&auto=webp&s=16b91701114c2e185a7e33bde1bebf2634cb396e The software development process is a long and arduous road. Changes might be introduced to the game mechanics, the admin part of the game, or practically anywhere, especially, if you develop a GaaS product. These changes need to be tracked. Indeed, you don’t want to simply copy the entire folder of the game project and save it under a different name (like mycoolgame_v02). You will need version management. That’s what version control systems are for.
What is version control?
Version control is the practice of tracking and managing changes to the code base. Version control systems provide a running history of how the code changes. Using version control tools also helps to resolve conflicts when merging contributions from multiple sources.
What is source control?
Source control and version control are practically interchangeable, but to put a fine point to it, version control is a more general term. Source control systems typically manage mostly textual data — source control typically means source code or program code. On the other hand, version control refers not only to the source code but also to the other assets of the game app, like images, audio, and video resources.
When you think of a branch, you’d typically picture a fork-like structure. Initially, there’s only one path, but then the paths diverge. That’s essentially what a branch is in source control lingo. As you build your game app and expose it to testers, QA, and other stakeholders, they will give input that may force you to introduce changes to the game’s source. Most of the time, the changes will be small, but the changes will sometimes be massive. These large changes are inflection points to the development process. This is typically where you decide to branch. The purpose of branching in version control is to achieve code isolation. You’re branching probably because the new branch represents the next version of the game, or it could be something smaller, like “let’s fix bug number 12345”. Whatever branching method you choose, you’ll need a version control. https://preview.redd.it/693agxrej0z51.png?width=640&format=png&auto=webp&s=1a9672b8137f9a53968d6b4159269559b67db644
Why use version control in game projects?
#1 - Code backup
Source control, especially a remote repository, is a backup for your code. Indeed, you don’t want your hard drive to be a single point of failure. Do you? What happens to 10 months of coding work if the drive gets fried? What if your server dies? Do you have an automated backup?
#2 - Better team collaboration
Share the code with other contributors and still be in sync with each other. If you’re not using source control, how will you work with other developers? Do you really want to use Dropbox or Google Drive to share source codes? How will you track each other’s changes? Version control systems take care of synching and resolving conflicts or differences with codes from multiple contributors.
#3 - Roll back to the previous version
Version control systems are a retreat strategy. Have you ever made breaking changes to the code and realized what a colossal mistake it was? If you ever want to go back, it’s a cinch to do that in a version control system.
#4 - Experiments with zero risks
It makes experimentation easy. Do you want to try something radical, but you don’t want to clutter or pollute your codebase? Branch. If the idea doesn’t pan out, just leave the branch and go back to the trunk
#5 - Full audit trail
Provides an audit trail for the codebase. You can go back to previous versions of the code to find out when and where the bugs first crept in.
#6 - Better release management
Monitor the progress of the code. You can see how much work is being done, by who, where, and when.
#7 - Code comparison and analysis
You can compare versions of your code. When you learn how to use diffing techniques, you can compare versions of your code in a side-by-side fashion.
#8 - Manage different versions of the game
Maintain multiple versions of your product. Branching strategies should help you maintain different versions of your game/product. It is a common practice for the developers to have at least a production version (free from bugs, well-tested) and a work-in-progress development version.
#9 - Scaling the game projects and companies
Are you an indie developer? Or you are employed by one of the game giants - Ubisoft, Tencent or King? Whatever project you are involved into at the moment, you may come to the point when you’ll need to deal with more teammates, run more tests, and fix more bugs. Version control software is an indispensable part of your game growth.
#10 - Facilitate the continuous game updates
Thinking about the previous point, how often do you plan to release your game updates? Do you plan to do it once a year, monthly or weekly? The more frequently you update your game, the more likely you’ll need to do the feature branching or release branching to minimize bugs and achieve flawless user experience. Not to mention if you select the games-as-a-service model.
What to consider when selecting version control systems
If you’re about to start a project and deciding which version control system to use, you might want to consider the following.
Ability to support game projects. Some version control platforms are better suited for application development where most of the assets are textual (source codes), and some are better at handling binaryfiles (audio, video, image assets). Make sure your source control system can handle both.
User experience. The source control platform must be supported by tools. If the platform is a CLI-only (command-line interface), it might be popular amongst developers, but non-dev people (artists, designers) might have difficulty using it. The tools have to be friendly to everybody.
Ecosystem of tools and integrations. Does your CI/CD platform support it? Can Jenkins pull from this repo? Your version control system must play nice with the CI/CD apps in the age of continuous integration. Other questions to ask might be;
Can you hook it up with Unreal/Unity?
Do our IDEs support it?
Is it easy to connect it with Trello? Jira?
Hosted or on-premise. Are there companies offering a hosted solution for this version control system? Or do you have to provision a server yourself and find a data center where to park it? Hosting an in-premise source control system has advantages. Still, it also carries lots of baggage like IT personnel cost, capital cost, depreciation cost, etc. In contrast, a hosted solution lets you avoid all those in exchange for a fee.
Single file versioning ability. Can you check out only a single file, or do you have to download everything? Some version control systems force developers to download all the updates from a central server before you can share or see any change. This might be sensible for application code, but it may not make sense for a game app where some of the assets are large binary files.
Access control. Does the system let you control who has access to what? How granular is the control? Can you assign rights down to the file level? Can you assign read but not write privileges to users for particular files?
Some common version control systems are better at handling some of the things we stated above, and some are better at managing others. You may need to do a comparison matrix to select amongst the version control options. If you ask an application developer for recommendation, I’m almost sure they’ll tell you Git, Subversion, or CVS. These are heavy favorites of app devs. They’re open-source software and great at handling textual data, but they may be ill-suited for a game development project because of the way they handle BLOBS or binary files (which a game app has lots of). If you ask a game developer, you’ll get a different recommendation; game development projects have very different version control needs than application development projects. Should it be an independent software or a built-in feature in your database or CMS platform? How many people are involved in game development? How many databases? How are localization and content delivery done? Gridly features the built-in version control, which enables branching of the content datasets, tweak them in isolation and merge back to the master branch. Sign up for free and make your first branch.
The morning alarm woke up Ghen. With an annoyed sigh, he stretched out his arm and silenced the foul-sounding chirps. Slowly sitting up in bed, he let out a deep yawn and got to his feet. Running a couple of chitinous fingers along his antennae to stimulate them to life, he made his bed and then went to his closet. Today was a work day, so he needed his suit. Once the pants were on, he stretched out his wings so that he could button up the shirt, then relaxing them once all the buttons were secured. Dressing for the day was done, now for the morning meal. Entering his kitchen, he took out the chilled leftovers of the evening meal last night and popped it into the radiator, first defrosting and then slightly cooking it. During that process, he also fished out a ceramic cup and placed it in his brewer, serving himself some synthesized caffeine. His idle thought led him to being amused that, when eaten directly off a plant, it has a concentration that could kill him three times over. But after going through some refinement and roasting, all it does is make him hyper. Once the meal was put together, his plate of heated leftovers and a cup of almost-piping-hot cup of Xia's, he took his time to enjoy it. His communicator vibrated. When he looked, he found it was from his boss. "Hello?" Ghen answered. "Ghen, the meeting's been moved up to a few minutes from now." His boss, Xkik, announced. "Apparently higher up has something important they want to say. We have a terminal ready for you, I'll message the login details." "Wha-, what's so important?" Ghen asked in bewilderment. "Did a water line rupture or something?" "No, nothing like that." Xkik replied with a slight chuckle. "It's actually about the rumors we've been hearing. That human corporation wanting to acquire us? That's what they're talking about." Ghen could feel everything inside his thorax drop to the floor. "That must mean it's true then, right? Did we get sold off by the Queen to this company then?" "Show up to the meeting and you'll get your answer." Xkik said simply. When he finished, Ghen got the notification on his communicator. There's the login details, allowing him to remotely attend the meeting. "They're about to start, hurry up." Once Xkik disconnected, Ghen worked fast to login and set up the remote viewing. Once everything was done, his screen started transmitting the meeting room. It was already packed. And off by the main board, he saw his answer. There was a human, resting against the wall on his two legs. Standing right in the center of everyone's view was the coordinator, Tizx, watching the clock periodically. As soon as the meeting's start time was reached, the coordinator began. "Alright everyone. I realize that this was rather short notice, so I want to say how appreciative I am that you made it. Now then, let's just get right to it. For some time now, many of you have been hearing rumors that a human corporation has been interested in us. Why? We never really knew. We're just an organization responsible for finding, extracting and providing water to the colony here all under the direction of the Queen herself. Well, as of now, I have the answer for you. Why don't I let Ryan say that?" Stepping back, Tizx motioned for the human, Ryan, to take over. With a nod, Ryan practically bounced over and then took the position. "Good morning to you all. I hope my Zazk is passable, heh. Anyways, the answer to those rumors, is yes. Terran Galactic Company is indeed interested in you all. Which now leads to me. I'm here to announce that, effective yesterday evening, this water company is now a subsidiary of Terran Galactic Company, under the name of Zilia Water Delivery." Many other sub-coordinators broke into hushed conversation, no doubt speaking their thoughts with each other about this move. Ghen could only wonder if this was even a good thing. What will the humans do? Will he still have his job? Will he have to learn how to deal with the ruthless humans? "Now, I am well aware this is quite the...uh, change." Ryan continued. "That's why I'm happy to inform you that, no, nothing negative or detrimental will happen to you. You just have new people to answer to. Operations will continue as normal, everybody here will still keep their jobs. The only real change any of you will personally experience is that Coordinator Tizx here will now report to someone else. On behalf of the Terran Galactic Company, we are extremely excited and are looking forward to working with you all. Thank you for your time." A week later. At least Ryan wasn't lying. After the initial shock wore off, things went back as they normally did. There were no terminations, no reductions in annual pay or anything. Nothing really changed. At least until this new meeting was called. Ghen was at the worksite this time, so he took his seat and watched as, once again, Ryan led the meeting. "Hello again, everyone!" He said cheerfully, his Zazk noticeably improved. "I hope I didn't end up looking like a liar, right? Everything's still normal, all that?" All the zazk in the room confirmed, providing comments to their pleasant surprise as well as lingering thoughts. "Awesome! Awesome." Ryan said jubilantly, his fleshy mouth revealing his bone-white teeth. "Now then, you're probably wondering why I'm here again, right? Well, I got another fantastic piece of news for you all! Two, actually. I'll start with the first: Zilia Water Delivery has just completed its IPO. The company is now publicly traded!" Ghen and the others voiced their confusion, having no idea what in the name of the Queen Ryan was talking about. What was Ryan talking about? What's an IPO? And why exactly is being publicly traded such a significant thing? "Oh, you guys don't know any of that?" Ryan asked in surprised confusion. After everybody confirmed, he let out a quick huff as he began his explanation. "Well, to begin, IPO is short for Initial Public Offering. Basically what that means is that, before today, Zilia was privately held. Only certain individuals could buy and sell shares here. But now that we're public? Literally anyone can buy and sell shares in the company, hence us being publicly traded." "Uh, what's a share?" Ghen asked, still completely lost. "Oh, boy..." Ryan muttered under his breath before returning to his peppy image. "To simply put it, a share is short for having a share of ownership in a company. When you buy a share, you're buying a piece of ownership, and when you sell, you're selling that amount." "So wait...if someone buys a share, they're a co-owner then?" One of the other team coordinators asked. "If they get enough, yeah." Ryan nodded. "You need a lot though, and that really depends on the company. If I had to give an answer though? I'd say usually you need to have a lot more shares than a lot of people combined to be officially a co-owner, but we call that being a majority shareholder." "And how do we do that?" Ghen asked, now growing curious but still not understanding why such a concept exists. "Simple. Buy shares." Ryan said simply. "And that leads into the second piece of awesome news. Zilia's corporate has a product in mind, a premium-package of water delivery. Instead of the usual water that you pump out, filter and ensure its potable before delivery, with the premium package, not only will you get that, but you'll also get all of the required nutrients and vitamins the zazk body requires! And they feel you guys have the best expertise and understanding to pull it off! So, here's what we're offering as a good-faith bonus: A 25% increase to your annual salary as well as being given stock options." Ghen wasn't sure about the second part, but the salary definitely got his attention, as well as everyone else's. Although his job was considered to have a good pay, Ghen isn't going to say no to a higher salary. In fact, he's been focusing his work on getting a promotion so he can come home with even more credits in pocket. "What do you mean by stock options?" Ghen asked after some time. Ryan let out that smile again, the one that revealed his teeth. "If you choose to transfer over to the new group, you'll be provided 50,000 shares in Zilia itself. Why's that awesome? Let me walk you through it. Right now, our last closing price per share was 3.02 credits. And if you have 50,000 shares during that time, you're sitting on 151,000 credits, if you cash it out immediately." "And why shouldn't we?" One of the coordinators demanded in an ambiguous tone. "Because the price per share changes a lot." Ryan explained promptly. "When we got done with the IPO? It closed at 2.73 a share. Right now? My money's on the closing price being 2.99 a share. However, we are extremely confident in this premium package being successful. If it does? Well, my bet is that the share price will skyrocket to 3.12 a share. If you hold those shares and the price gets to what my bet was? You'll instead get 156,000 credits. Just by holding onto them, you just made an additional 5,000 credits!" "And what if we have more shares?" Ghen questioned, now getting excited at the prospect of free money. "Even more money!" Ryan laughed a bit. "And don't forget about dividends, but that's for another time. The premium group is gearing up right now, we just need the workforce. If any of you wants in, I'll be back tomorrow with all the forms needed to make it official. Take the day and tonight to think it over, yeah?" Everything else melted into a blur. Ghen was practically on autopilot that whole day. Was this the secret to the humans' incredibly massive economy? How so many of them have amassed so much money out of nowhere? All you had to do was just buy this share out of a company and you get more money without even working? As soon as he got home, Ghen knew what he was going to do during the night. After feverishly looking through the galnet, now having the human race connected to it, he looked and gathered up as many books that were translated into zazk as he could find, all talking about the human economic system. The last time he undertook such an intensive study was during his primary education phase. And during his search, he even found forums on the galnet that were completely dedicated to the human's economy. All of them talking about strategies on what company, or stock, to pick. How to analyze a company's performance to determine if it was worth the money, or it had potential to grow over time. And that was when he discovered the humans found another method to the extremely simple buying and selling process. There were humans and some other immigrated aliens who made five times what Ghen could receive over a simple month just by watching the share prices during trading hours, and then buying and selling them at the proper times. Ghen's mind was just absolutely flabbergasted. He thought it was just some strange concept only aliens could make, but no, not with the humans. They've practically made their economy into an art or a science. No, not even their economy. Everything. If humans can see a way to make money off of it, they'll do it. And if there isn't, they'll look for a way. Healthcare was monetized. Galnet services, transportation, shopping at the store, they even made all of their utilities into profit-oriented companies. And it was there that Ghen paused, the realization slamming into him. Everything was monetized. Which means, if you don't have the money for it, you're not getting it. Right? Are the humans truly that ruthless? So obsessed with making money? To the point that they're willing to deprive their own people of the absolute necessities if it's a source of credits? Ghen let out a scoff. There's no way. Nobody is that cruel and callous. He's never been to the United Nations. He can't rely on what a bunch of random people on the galnet says. He decided that from here on out, he'll only go as far as saying that humans are a little obsessed with credits, nothing more. ... There he was. Ryan, sitting in the office provided to him. And there was a rather large line leading to him. Looks like word got around. Although, the line wasn't as large as he expected it to be. Maybe the others thought it was just a ruse? That there's no such thing as making free money by spending it on such a made-up concept? Ghen only knows that, if it is a ruse, it's an extremely elaborate one, where all of the humans are in on it. And he believes that's just extremely ridiculous. At the end, if he's unsure, he'll just take the transfer for the very real increase in his very real salary. And although he spent a very good chunk of the night reading up on how humans do things, he's still going to play it smart. He'll leave his 50,000 shares alone and see where it goes from there. "Good morning sir." Ryan greeted warmly once Ghen took his seat. "Now, name please?" "Ghen." He answered, barely keeping his nerves down. "Alright...and what's your position at this location?" Ryan questioned after scribbling on his form. "I monitor the pumping stations near the extraction sites." Ghen explained, staying on point. "To be more specific, I check to see if they're in need of maintenance, as well as reading the flow rate that's determined by the calculators installed there. If there's too little for what's needed, I pump out more. And if there's too much, I pull it back a little." "Nice...and how long have you been doing it for?" Ryan complimented with a nod. "As of tomorrow, ten years." Ghen replied, voice quickly changing to minor awe once he realized that fact. "Excellent. Do you have anyone in mind you'd like to replace you here?" Ryan questioned after another scribble. "If you don't have anyone, you're free to say so." Ghen took a moment to think it over. A bunch of names went through his mind, but one stuck with him. "Tilik. He's just been accepted here, but he's learned quickly. Very attentive and he always catches something subtle. I think he'll do really well in my position, even better actually." "Tilik, really?" Ryan questioned with a little shock, going through his completed forms. Ghen felt a short sense of panic in him. Did something happen, or was Tilik actually transferring? His answer didn't take long to reveal itself. "Right, Tilik was actually one of the first people to want to transfer here. He's actually requested to be part of the testing teams specifically. Do you have a second choice?" "Um...no, actually." Ghen replied, feeling a little ashamed. "Tilik was my only choice, to be honest." "Hey, don't worry." Ryan said assuringly with his hands raised. "Nothing wrong with that. Sometimes, there's just nobody up to snuff, right? 'Kay, so, last question. Is there anything specific you'd like to do when given the transfer?" "If you need someone monitoring new pumps, I'd be happy to do that." Ghen stated. "So basically same job but with better payoff, am I right?" Ryan grinned. "I hear you. Sometimes, we're just not paid enough for what we're doing. I know I think that sometimes. Uh, our secret, yeah?" "Yeah, our secret." Ghen nodded, thinking it'd be better to have friendly relations with the human, just in case. "Awesome. Back on topic, that's it." Ryan announced, placing the form on his pile. "We'll give you a call when you're accepted." "Oh, uh, that's it?" Ghen questioned with a shrug in shocked surprise. "What, expecting a question like, why do you want to transfer?" Ryan chuckled a bit as he leaned in his seat. "You can bullshit all you want, but we both know the answer. Sweet money and stock options. Not saying that's a bad answer of course, just that it's pretty obvious." "I suppose it is." Ghen commented, realizing the point. "Also, you mentioned this...dividend? Is that for Zilia shares?" Ryan laughed a little bit before nodding. "Yep, announced before I came here. About 0.43 per share. Want to know why that's awesome? Instead of waiting for the proper price to cash out your shares, now? The company pays you for each share you hold." "A...Are you serious?" Ghen demanded, flabbergasted. Ryan nodded with his now-trademark grin. "Dead serious. If you get the transfer, and get those 50,000 shares? A little head math...right, if you hold onto those, in addition to your salary, you'll now annually be paid 21,500 credits, if you keep it at 50,000 shares. Only you can decide to sell or buy shares." Ghen just stood there silent and motionless, no idea of whether to believe it or not, to which Ryan just laughed. Once he walked out of the room, he managed to snap back to reality. Again, just focus on the very real pay-raise. He'll deal with the other parts later. After he returned to his spot, he spotted Tizx approaching by his desk. The coordinator seems to be as casual as always. "I saw you in that line a bit ago, Ghen." He said as he leaned on the desk. "Guess you're really taking that human's word?" "I mean, I don't know about all this share business or what not." Ghen began with a shrug, his tone sounding a little defensive. "But I mean, having a bigger salary? Course I'm going for it when I can. And if all this magic credits turn out to be real? You realize we can live like the royal servants, right? Get the best cars, the nicest food and all that?" "I'd be very careful, Ghen." Tizx warned in a sudden shift in tone. "Don't trust those humans. The way they just...obsess over money? Come up with more and more insane ways of getting credits? I don't know, it just makes my wings twitch." "You think this is a bad idea?" Ghen asked with a little surprise at the change-in-demeanor. "I think you should be careful, with the humans, and with what you're saying." Tizx replied, straightening his posture. "I wouldn't put it past those Earthmen to backstab you if it gets them a few more credits. And we all know how the royal servants get if any of us lowly commoners start thinking we can break into their circle." "I hear you, I'll be on my guard, promise." Ghen stated with a nod. With a confirming nod of his own, Tizx returned back to his duty, walking past Ghen's desk. Several weeks later. Everything became so much better. Ghen got the transfer. He didn't need to relocate to a new residence either. And after he was walked through into learning how to manage his stock account, and seeing that new form of payment in his hands, he already felt as though he made the best decision. But it was only when he decided to take those shares more seriously that he became privy to what he was given. After receiving the dividend payment, and actually seeing it was real, valid credits after transferring it to his main bank account, all he could describe was the most powerful high he ever felt. While his first thoughts were to buy himself a royalty-class car, some nicer furnishings for his home, or even a better home entirely, he ended up going the smarter route. After going back to his stock account, he discovered that Zilia's shares rose to about 3.22 credits in price. Knowing that this was the easiest money he could ever make, he took all of his dividend earnings and bought more shares in Zilia, bringing him to owning 56,891. And from his new regional coordinator, a human named Dylan, tomorrow is the grand release of the premium package. For just a monthly rate of 14.99 credits, the tap water will now include a sizeable portion of all nutrients and vitamins required in the zazk physiology. Still, Ghen has to admit. He's not entirely sure why anybody would want such a thing, if they'd even go for it. But, as long as he's practically swimming in easy credits, he won't pay much attention to it. And just like when he was intensively studying the basics of how the human economy worked, he barely got any sleep. His mind was constantly thinking about the things he would buy. Or rather, what other stocks to put his credits into. Even now he can still hardly believe it. Just spend your money on some, make-believe thing and, if you wait long enough and picked the right stock, you'll get more than you spent back? His mind even wandered onto what human colonies, or even their homeworld, Earth, was like. If everybody was making so much money, what kind of things would they offer? What kind of ridiculous service or product or item can you get? He's even debating on joining some forum and just asking around. Explain how he's new to how humans do things and was wondering what he should expect if he's successful. By the time he felt like he can go to sleep, the binary-stars of the system were rising from the horizon. After getting out of his bed and changing to clean clothes, his mind returned onto what-ifs. What if he bought better clothes? He's had his eye on that human brand of luxury clothes, Tessuti di Venezia, that's been all the rage amongst the royal servants. Or maybe he can go on vacation and just check out Earth for real? It was a short ride to his workplace from his home. After getting stuff his stuff and preparing to walk through the doors, he heard the roar of a car grow louder. When he looked, he saw the sleekest and quite possibly the coolest looking car he's ever seen. Each time the engine revved it would startle him, both from how harsh it sounded as well as just how intense it sounded. And after it parked, he saw the doors pop out and then slide along the body back. And there, he saw Tilik, the seat literally turning and extending out a bit before he got off. As soon as he saw Ghen staring, he struck a rather prideful pose after putting on his lab coat and then sauntered over to Ghen. "What do you think?" Tilik said, without any doubt inviting praise or compliments. "D...Did you actually buy that?" Ghen asked, unable to tear his eyes away from the car. "You're Queens-damn right I did!" Tilik laughed happily. "Thing takes off like a starship, has temperature-controlled seating, all-in-one center console, barely any bouncing on rough roads. Hoof, best decision I've ever made!" "How much did that thing cost?" Ghen asked after letting out an incredulous laugh. "Five million credits." Tilik replied, earning an absolutely shocked stare from Ghen. "And thanks to the incredible salary I have, in addition to all these shares and dividends, I'll pay back the credits I borrowed in no time!" Ghen needed a few moments before he could speak again. "All I've been doing is buying more shares." Tilik laughed and then patted the now-envious monitor's back. "Smart man. I got a little carried away, yeah, but not anymore. Any spending credits I got, going right back to investing. That's what it's called right, investing?" "Yeah, it is." Ghen nodded, feeling a fire light up in his thorax. "And also? Today's the day that the premium water thing is being released. Here's hoping it starts out well, right?" "Oh it will, trust me." Tilik chuckled as they both began making their way inside the workplace. "Lots of research, lots of study. By the Queen, so much of it...it'll make your head spin." And after hearing that, Ghen had a moment of realization. "Hey, Tilik? How did you get such a nice position anyways? Weren't you just studying under me before the humans came along?" Tilik let out a sigh after opening the door. "I'll be honest, I never wanted your job. Not because it's boring or terrible, just...I didn't suffer so many sleepless nights in the science academy just to be a glorified button pusher. This is what I've always wanted. Doing science, solving problems rather than just applying the solution, you know?" "Wait, you got an academic certificate?" Ghen questioned, completely floored. "How did you end up beneath me then? I should've been answering to you!" "Simple." Tilik gave a heavier sigh. "A royal servant was asking for the same job I was. Take a guess at who got it." "Ouch. Good thing the humans came along when they did, yeah?" Ghen was taken aback. He never heard anything about a servant taking a job at his place. "Looks like you're proving yourself to be well suited." "By the Queen, of course I am." Tilik nodded. "Like I said, I nearly broke my wings through so many nights, got certified top of my class, all just to get pushed to the dirt because someone who was born into a particular family wanted the same thing I did? I know I'm smarter than any of those empty-skull servants back in the Center. I know that, whatever, uh...corporate? Yeah, whatever corporate wants out of science, I will xeek give it to them." "Well, let me know how things go in the lab." Ghen said, admiring his drive as they neared the main office floor. "Because this is where the button pusher needs to go." Tilik let out a laugh as he nodded. "Hey, how about we meet up at Queen's Fine Eatery tonight. I'll pay, yeah?" Ghen, at first, wanted to admonish him for choosing such an outrageously expensive place to go. But he quickly realized that, he truly is good for it, thanks to the humans. "Well, hey, if you're paying for it." ... It was a fantastic opening. After being told what news sites to keep in mind for stocks, he first heard it from Dylan, and then got more detail on Business Today. There was such a massive demand right from the start that Zilia needs to increase extraction just to meet it. But what really got his attention was the effect it had. Zilia Water Delivery's share price just blasted off. After seemingly holding steady at about 3.15, by the time he got home and logged onto his account, it already reached 7.04 a share. The calculator on his account told him that he got a value-gain of 54.26%. Never in his entire life had he felt such...joy. With all of the shares he currently has? He's sitting at 400,512.64 credits. He knows that it is woefully pathetic compared to what the royal servants have just in their pockets, but the fact that he has such money, just by owning some intangible concept? Why even work at Zilia? Why doesn't he just sit at home, figure out what companies to invest in and make his money that way? What's even the point in working a real job, getting a pathetic pay when you can just take the money you have, determine where to spend it, and get triple back? All just sitting on your wings at home, researching? He was so wrapped up in his excited high that he completely forgot he was going to meet Tilik at Queen's. After quickly and haphazardly putting on his nicer clothes, he got to the place only a few minutes late. Tilik was there by the guide, no doubt having been waiting for him. As soon as he strode up, Tilik's wings stiffned out some. No doubt he must've seen the numbers as well. "I can see your wings, Ghen." Tilik began with an excited chuckle. "Made some serious credits?" Ghen let out an incredulous scoff, struggling to find the words for a moment. "Incredible. All I'm going to say." "Likewise." Tilik chortled some before nodding to the table guide. "All here. Table please?" "Right this way, sir." The guide said politely. It was a short walk, travelling between round tables. The vast majority were populated by zazk, but Ghen was surprised at seeing a few humans here as well. No doubt corporate workers checking out the local food. He did spot them having bowls filled with some kind of mass. Some were brown, others white with what looks to be black specks on them. They arrived at their table. A rather nice one, affording a view out the windows into the busy colony streets. Once Tilik and Ghen settled in, the guide handed out the menus. "May I suggest our rather popular option for tonight?" The guide began. "Human ice-cream. Ingredients sourced from Earth itself. Very cold, but incredibly sweet, and coming in many flavors. The most popular amongst us is called vanilla-bean. The vanilla itself soaks in the cream for much of the process, and then the innards sprinkled on top of it near the end. Rumor has it that the Queen herself has demanded personal shipments of such a treat straight from the home of vanilla, an island on Earth named Madagascar." Ghen didn't even spare a single thought. "Vanilla bean ice cream then, please." "Same." Tilik seconded when the guide glanced to him. With a slight bow, the guide proceeded to ferry their orders to the kitchen. Thankfully it was just a short wait before the guide returned, carrying a large plate containing bowls of ice cream. Ghen could feel the saliva on his mandibles as the bowl was placed before them. He could just feel the cold air around that glistening mass of sugary goodness. The white snow decorated with the black dots of vanilla bean. Once the guide left them, Tilik and Ghen both dived in at the same time. As soon as the ice cream entered his mouth, touched his tongue, he exploded in incomprehensible bliss. The sweetness, the smooth and creamy mass, even the taste of vanilla he wasn't sure about was just absolutely delightful. It was so overwhelming that his entire body limped, slumping in his seat as he was forced to ride on the surging tide of joy and happiness sweeping over him. Tilik was no different. He too was taken completely by the effects of the ice cream, his wings fluttering some against the seat. Ghen could hear some noise. It was the humans they passed by. They were chuckling, grinning, and glancing over at them discreetly. Unlike the two zazk, the humans seemingly just enjoyed the ice cream as if it was just another nice dessert to them. Or perhaps they couldn't allow themselves to succumb to the high? And as soon as the wave of indescribable bliss and happiness subsided, Ghen knew. He just knew. This was the life. He wanted this. The ice cream was just the beginning. So many things denied because he didn't have the credits, or worse, not the blood. Because he was just a drone in the great Collective, even if he had the credits, he wasn't allowed because of what caste he was born in. That fire that sparked in him when he saw Tilik's new car? It exploded into a raging firestorm. And when looking into Tilik's eyes, Ghen could see the same. He was on the same page as Ghen was. Both of them were sold. They have the credits. And the humans? If you can pay for it, they'll never discriminate. All they cared about is if you have the money. And by the Queen, Ghen and Tilik will endeavor to amass as much credits as physically possible. The rest of the night faded into a blur. A blur that evokes only one thing. Bliss. It was only when he walked through the door of his pathetic hut that Ghen's mind snapped back to focus. His mandibles felt sticky. And he felt a weight in his stomach. How much ice cream did he eat? Whatever it was, he ate such volume that the lower-section of his throax extended and rounded out, visible even under his shirt. He felt something odd in his pocket. It was a receipt. 43,000 credits for ten bowls of vanilla bean ice cream. Was that ten bowls for both of them? Or individually? Ghen didn't care. He's good for it. Returning back to his calculator, he acted upon the decision that he had made at that eatery. He's acquiring as many books about investing and stock trading as he could find, frequent and study all the discussions and arguments presented by other like-minded individuals such as he, all to ensure he can live the good life. And he had a very good feeling Tilik was doing the exact same thing. Well, first, the gurgling in his stomach, as well as the feeling of something rising demanded his attention. Looks like he'll need to take the night off to let his stomach get back to normal. Three Years Later. Ghen looked out beyond the horizon, seeing the colony that he grew up in. On the far side was where his old house was. With only a simple robe on, made from the finest silk from Earth's nation-state of China, he relaxed in his seat. It was a long road. Stockpiling credits from pre-existing investments and from subsequent pays, he and Tilik made it. From having only half a million in assets and cash, now transformed to over eight-hundred million. And now, his call contracts on American Interstellar? They've just announced a breakthrough in their next generation of warp drives, reducing the speed coefficient even further, resulting in far faster travel. And with that, their stock price climbed sharply. Another hundred million credits in the bank. Soon, very soon, he and Tilik are about to become the galaxy's first zazk billionares. But that's not enough. There are many humans who are billionares. Only those he can count on one hand are considered trillionares. He's going to break into that circle. He and Tilik. Looking beyond the colony, he saw the abandoned building of the workplace he transferred to when the humans arrived. Turns out, the reason for such a high demand was that the humans also slipped in sugar to the tap water. As soon as that broke, many influential royal servants demanded investigations and outright banning of Terran Galactic Company's influence over the former government division. Zilia's stock price plummeted. But thanks to an advance tip from his human coordinator, Dylan, he and Tilik made a put contract. And that's where they struck gold, as the human saying goes. Dylan warned that if they were citizens of the United Nations, they'd be investigated and convicted for insider trading. But, since they weren't, and the Collective were only just introduced to capitalism, there's no risk at all. Now the colony is going through a withdrawal phase, Zilia has been dissolved and reformed back as a government division and are currently at work re-establishing the standard, plain water delivery. "Well, shit." Tilik muttered as he walked up to Ghen's side, taking well to human speech. "Looks like you win. American Interstellar's announcement really was a good thing. There goes a million credits. Ah well, the Royal Shipyards will make it back for me soon." "Oh? Did they just go corporate?" Ghen asked curiously, glancing to Tilik. "Hell yeah they did." Tilik chuckled, sitting down. "Queen and her retard servants fought it hard, but Royal Shipyards is now officially a human-style corporation. And, to a surprise to all the xenophobes in the galaxy, they're already being offered contracts for ship production. That'll raise the stock price pretty good." "What's that human word...?" Ghen muttered, already having a reply in mind. "Dick? Yeah, calls or suck my dick, Tilik." Tilik roared in laughter. "Already made them. Forty credits a share by this day next month." "I have half a mind to go thirty." Ghen chuckled. "Either way, until then, I heard from Dylan that he knows a guy who knows several prime human women who happen to be into zazk." "You're interested in women?" Tilik said as his wings fluttered. "With how often you tell me to suck you off, I'd have thought differently." "Oh, I always thought it was you who was into men." Ghen responded dryly. "Just wanted to be a good friend, you know? Considering how you never seem to make it past, Hey sweet thing, I'm rich you know." "Oh, go fuck yourself." Tilik countered with a little laugh. After he stopped, wings stiffened, he looked to Ghen. "So, know any royal servants we can put the squeeze on for more revenue streams?" "I got just the one." Ghen nodded, sitting up. "Fzik. He's been fighting to control the ice cream trade. Worried it's a corrupting influence. Got done talking with the human CEO of Nestle earlier. If we clear the way, he'll know how to squeeze a little more gains in stock price when he makes the announcement." Tilik's wings stiffened even more, signaling his approval. "Alright, time to throw some credits around, yeah?" AN: Sorry for the period of no updates. College is starting up, lots of stuff to clear and work out. Not sure why but I just got a bug up my butt about incorporating money and the stock market into a short. Here it is. Sorry if it seems abrupt, character limit fast approaching. Let me know how you guys think about it!
WotV PvP Tactics & Mentality - Six Months of Mediena Bombs & how the Meta Evolves in PvP
*** Registration is Now Open until 9/15 for the latest Live PvP tournament, organized by u/LongTimeGaming. There is no entry fee and everyone is guaranteed at least five rounds of combat! Please PM him or myself for details on how to register! *** For today's entry I want to discuss one of the stronger live PvP strategies currently floating around the meta, particularly at the higher player ranks or with whales smurfing at lower ranks: The Medi (Mediena) Bomb.
The Medi bomb, as it currently exists, comprises three major components: a Shukuchi Mediena, Agility, and as much Magic/Magic Attack equipment and VCs as can be mustered together. If you take away any of these components the win probability of the strategy plummets. Let's examine each in turn:
Shukuchi (and forward deployment) - Without Shukuchi and pushing Medi as far forward as you can you leave a lot of squares open where the enemy team can be hiding. No highly competitive team in live PvP is sticking to the default 'three across' formation!
Agility - Medi's main weakness is her fragility. If Medi doesn't go first there's the chance that the opponent will have a high speed unit in place to OHKO Medi (i.e., Frederika) or will at least be able to reposition their faster units out of Medi's threat range. Shadow Runner on a Medi is a must of course, but VCs that yield AGI are crucial as well.
Magic Attack - Being able to OHKO at least one enemy unit is essential - a unit with 1 HP is as dangerous as a unit with 4000 HP. A Platinum Rod +5, and a high level Trousseau are the most important elements. Mag from Ramuh is useful. You won't have Medi's own mag passive available due to needing Speed + Movement.
Responses to the Medi Bomb - Sample Formations
So here are some sample formations I whipped up - note the screenshots are composites from my main account so levels and etc. are not going to be optimal. There are many variations possible, these are just starting points! Option 1 - Go Faster than Medi Gunner Girls that are faster than a Medi Bomb are close to a guaranteed win! The hardest counter to Medi bomb is a Fred that's faster than her - A properly kitted Fred can OHKO a Medi with sharpshoot off the bat without any external buffs. Because Medi + AGI VC is always faster then a Fred without, you will need to put AGI cards of your own on top of your Fred to ensure you go before the enemy Medi does. Option 2 - Be able to survive the Plume This is the second picture here - the first one had an impossible setup for Rain due to my photoshopping (I don't own Rain). There are of course characters that can survive a plume, even a plume from a super whaled out Medi. Rain is one of these - he's a magic tank off the bat and he has elemental advantage to Medi. Ayaka can stand your viktora back up post plume while Rain can OHKO the Medi. Option 3 - Be able to Evade the Plume Miranda is a super useful utility placeholder for these formations Vinera is pretty popular in live pvp these days due to her combination of speed, power, and high evade. She is essentially unhittable to teams that haven't geared with guaranteed hit options or stacked as much ACC as they can. I don't have a leveled up Vinera to test the above combination for exact hit percentages but an unbuffed Vinera should have about 150-200 evade depending on cards. Not exactly easy to hit with a plume!
A Brief History of the Medi Bomb
Finally, the changes in popularity to the Medi Bomb through time exemplifies the essential elements that define the 'meta' in live PvP: the outcome to nearly every match is a binary win or loss. Any team that is slightly better than another will win almost all the time holding all over elements equal. Medi's evolution in live pvp shows this perfectly. In the first weeks of WotV, Medi bombs were one of the most common formations available. Medi was I think the fastest launch character and once she hit level 40 she could OHKO most other units common at the time that were also at level 40 (Mont, Sterne, etc.). This meant that Medi could just run up and drop the other team. Lots and lots of Medi v Medi engagements were happening and Medi's dominance in PvE and PvP was often remarked on by jokes or commentary here and elsewhere. Flash forward to the FFT event or so and Medi bombs disappeared from competitive play. Two things happened: Frederika and increasing toughness of teams. Fred, as I said before, is a hard counter to Medi as long as she goes first and at this stage in the game almost no one had high AGI VCs so Freds melted Medis off the live PvP scene. A secondary effect was that everyone was getting to level 99 on their mains and starting to amass TMRs - Medi stopped being able to OHKO units. Medi Bombs stayed quiet for the months following FFT until Platinum Rod came out, then whales with +15% AGI off the House Beolve card could go first in most engagements and do enough damage to OHKO broad swaths of units. Now with FFT2 almost done plenty of dolphins or even minnows/f2p willing to proc 5-6 whimseys per day can have their 15% AGI cards so Medi bombs are more accessible. Essentially, the meta is an unstable equilibrium defined by a complex set of inputs and that binary output of winning/losing. As soon as Medi is one AGI slower then her hard counter *and that hard counter is common* she becomes worthless. Same with the tipping point between OHKO and survival. Right now medi bombs are fast and powerful - therefore viable against many team comps. Well that wraps up today's post - this one turned out to be longer than I was expecting. Let me know if its too long in the comments and if you have any suggestions for future topics that you'd like a detailed breakdown on please let me know! ------------------------------------------------ WotV PvP Tactics & Mentality is an irregularly updated series of posts about the most neglected aspect of WotV: Live PvP If you liked this post, feel read to my previous entries in the series:
MAKE MONEY WITH TRADING (Forex, Stocks, Binary Options)
https://preview.redd.it/onvu1owbn2v51.jpg?width=640&format=pjpg&auto=webp&s=63508b4c3653556bc53e4ef2df86a29df5e5dd0b Trading consists of buying and selling assets, such as stocks, futures, currencies or derivatives, in a financial market. To trade, so that we obtain benefits, we will have to speculate with the movements in the price of the assets. This is the first step to making money from trading. The word trading is usually associated with short-term investments, that is, short operations that seek benefits limited to a small time frame. In other words, trading and investing are the same, only the time frame changes. So if you hear terms like "stock trading" or "stock trading" it is the same thing, only they usually refer to different time frames. The person who invests or trades is called a trader. A trader then is someone who invests in the financial markets. Generally, the term trader is usually added to the asset that operates. For example, stock trader, futures trader, forex trader, in short, the asset that operates. As you can see I am adding several concepts so that we all start from the same base. So, trading is basically buying and selling assets, trying to buy at the lowest possible price and sell as high as possible. As simple as that. I want you to understand something, the bases are 70% of your trading. It is amazing to see how advanced traders forget the basics before trading. By advanced trader I mean someone who already knows how to trade but that doesn't necessarily make him a winning trader. In most cases they apply complicated strategies and forget something as simple as the bases. How much can a trader earn? You put the roof on it, there is no limit. I recommend you measure your progress in percentages and not in nominals. It is best to verify your progress. Is it necessary to be in a Trading Academy? Like everything, there are some who like to be social and others who prefer to work in a self-taught way. In trading, it is the same. If you need the constant support of people to not be demotivated, then a Trading Academy is a good option. Now, if you are an already motivated person who only needs to clear up doubts, then the best thing is a mentor, consulting professional, or a trading teacher who clears your doubts. The foundations for making money trading have to be solid if we want to make profits consistently. So today I want to emphasize that, the foundations of being a successful trader. Let us begin!
How to Make Money Trading Reddit - Key Steps
https://preview.redd.it/la3o4919o2v51.jpg?width=640&format=pjpg&auto=webp&s=02e5635985796aa609c9ed4848285b4ce69f1196 1) Buy Supports (and resistances) Buying in supports is buying in a key area where the price exerts a certain friction preventing the price from continuing to advance, for whatever reason. A support is nothing more than an area where the asset finds the confidence of investors, it is the level where they estimate that it is a good purchase price for them, and that is why they buy the asset in question, in such a way that the asset finds help in that level. Most trading systems, at least the ones I know of which are a few, are based on this principle but what happens, they camouflage it with flourishes. Instead of saying, to the purchase in supports, they add colored mirrors so that it does not look so simple. I'm not saying that details are not good, but exaggeration of details can lead to confusion and later paralysis. Systems must necessarily be simple. Buying in stands not only improves your overall entry, but it drastically lowers your risks. The further we move away from a support, the more the risk increases. Many times we end up buying halfway because the price "escaped" us and we think that we will not have another equal opportunity. The reality is that the market always provides opportunities for those who know how to wait. There is a saying that the beginning trader has fun in the market, the professional trader gets bored. This does not mean that the professional trader does things reluctantly, or that he does not like to invest. It means that the professional trader waits crouched, calm, for that opportunity that he is looking for appears, that entry into support that reduces his risk. While the novice trader enters and exits the market euphoric. A professional trader can be in front of the screen all day and not make a single trade. The novice trader, on the other hand, if he spends more than 5 minutes without trading, he already feels bad, anxious and thinks that he is losing opportunities. Without further ado, enter supports. 2) Execute stop loss Holding losses is the biggest mistake of traders. Who in the beginning has not moved the stop loss because the operation moved against him? It's a very common mistake. We enter the market, we put the stop, the operation turns against us and instead of executing the stop, we RUN IT! We are camicaces. The typical phrase "I'm waiting to recover" has burned entire wallets. The market fell 40% and instead of leaving, they began to pray. The great advantage of small portfolios, that is, investors with little capital, is flexibility and speed of reaction. By running the stop loss you are losing the only advantage you have with respect to professionals and large investors. Because they sure have more capital and have wider margins. Please don't take losses, don't run the stop loss. If you miss the stop, distance yourself from the market and analyze why that happened to you for the next better place your stop. 3) Sell in resistonce I want you to remember something. Until you sell, the profits are not yours. Until you sell, you have no money. Until you sell, you cannot say that the operation was successful. Many traders are very good at finding entries. They perfectly see the supports and manage to enter at the best prices. But what happens to them, they don't sell. It hits a key resistance, where price clearly can't break through and what they do, they hold out in case it breaks. The worst, the price does not break or make an upthrust (which would be a kind of professional feint), it returns to support, it bounces, it goes back to resistance and what we do ... we wait again to see if it breaks, because now it is the correct. And there is a worse case. It reaches resistance and we want to apply the phrase "let the profits run", so what do we do, we adjust the stop loss near the resistance in case the price breaks and continues. The price tests the resistance, falls, touches our stop and we run it in case the price returns to the path. Instead of applying the phrase “let the profits run” we apply the phrase “let the losses run”. An old master used to say, when the price reaches resistance, I collect my winnings and go on vacation. It seems silly but it is a way of telling our brain, if you do things well you have a prize. Sell in resistance, the market always gives new opportunities. 4) The Trend is your friend No better elaborated phrase. The trend is your friend. And as we all know, almost no one pays attention to their friends. We ask them for advice and if they don't say what we want to hear, we won't. If the price goes up, where do you have to invest? "It is not that the price was stretched too much and surely now a correction is coming, so I invest against it." You are seeing that the trend is upward in an annual, monthly, weekly, daily, hourly and minute time frame, but just in case you invest against it. Please, the trend is your friend, if it tells you that the price is going up, it is because it is going up. I invested in favor of the trend. You do not want to beat the market because I assure you that it breaks your arm in a blink of an eye. 5) Statistical advantage In the financial markets there are no certainties, only probabilities and whoever tells you otherwise is surely not winning in silver. What we are looking for are windows of statistical opportunities. In other words, we try to turn the odds in our favor. That is why it is always important to ask yourself the question, what is more likely, that the price will go up or down? This is because many times we operate and do not realize that the odds are against us. We can never be 100% certain, but just putting the odds in our favor by making concrete decisions based on logic and not on emotions can earn us a lot of money. 6) Consistency You often see many traders showing one or two of their most successful trades and the occasional loss. This is good for teaching purposes, and it is useful for transmitting teachings. But if you want to become a professional trader you need consistency. And consistency does not speak of an isolated operation, it speaks of sustained profits over time. And when I say time I speak of years. Not a month, not a week, not a semester. 3 years, 5 years, 10 years, 20 years. To give you an idea, ultra-professional traders fight to see who is more consistent. In other words, the first question they ask themselves is how many years have you been winning? A trader who every year earns a tight, modest percentage, reasonable to say the least, but consistently, is a much better professional than one who doubles the capital one year and the other is -90. Consistency is highly treasured as it allows for simulations, strategizing, and even projections. 7) Trading plan The number of traders who invest without having a trading plan is impressive. Something so important, so simple to make, so useful and very few use it. A trading plan allows you to analyze your operations, see what you are doing, and then improve. When we don't have a trading plan, what we did last week goes completely unnoticed because we can't internalize the teaching. And when I speak of teachings, they can be gains or losses. A loss allows us to adjust the plan but a success also. In fact, when we have several successful operations, there is nothing better than taking their teachings and replicating them. The trading plan is the only tool that allows us to do this, learn, improve and be the most objective possible, leaving aside emotions.
Forex trading Reddit
https://preview.redd.it/ljyjklqgo2v51.jpg?width=640&format=pjpg&auto=webp&s=c50d6af6b81521fbbfe25938c98971e1592de261 When it comes to the currency market, one of the most popular trading markets is Forex. It represents the world's largest decentralized currency market. So we will answer how to make money from forex trading. With only having a computer, tablet or mobile phone, and an excellent internet connection service, you will be able to operate from anywhere in the world in the Forex market. It has the great strength of being flexible and adaptable to all types of investors. Select a prominent broker or intermediary agent, one that is recognized and very professional. Conduct negotiation trials with him, so that you get to know each other and do not put your capital at risk. Develop together the work style that most identifies you and decide to earn money by trading, enriching yourself with all the possible knowledge and strategies. Acquire strengths in detecting the ideal moment to carry out operations. You will achieve this by studying and understanding the graphs and trends of transactions, detecting that unique pattern that tells you when is the right time to proceed. Do not hesitate, it is possible to earn a lot of money with trading! But, make sure, above all things, train yourself with a duly accredited professional, in guarantee of acquiring quality theoretical knowledge, imperative to understand the movement of the market.
How to Make Money Trading Reddit - Final Words
Trading is an “investment vehicle” that can serve your objectives of having financial peace of mind as long as it is part of a broad economic and financial planning in the short, medium and long term. If not, trading can become a fast track to lose your money, if you lack the necessary knowledge, experience and training. Follow the following formula to Make Money in Trading Consistently:
Profitability = (Knowledge + experience) x emotional and mental management
Summary of Tau-Chain Monthly Video Update - August 2020
Transcript of the Tau-Chain & Agoras Monthly Video Update – August 2020 Karim: Major event of this past month: Release of the Whitepaper. Encourages everyone to read the Whitepaper because it’s going to guide our development efforts for the foreseeable future. Development is proceeding well on two major fronts: 1. Agoras Live website: Features are being added to it, only two major features are missing 2. TML: We identified ten major tasks to be completed before the next release. Three of them are optimization features which are very important for the speed and performance features of TML. In terms of time requirements, we feel very good to stay on schedule for the end of this year. We also are bringing in two extra resources to help us get there as soon as possible. Umar: Been working on changes in the string relation, especially moving from binary string representation to unistring. The idea is that now rather than having two arguments in the term, you would have a single argument for the string. Thus, the hierarchy changes from two to one and that has an effect on speed and on the storage. So the first few numbers that we calculated showed that we are around 10% faster than with the binary string. There are some other changes that need to be made with regards to the string which he is working on. Tomas: Had to revise how we encode characters in order to be compatible with the internet. It also was the last missing piece in order to compute persistence. The reason is that the stored data has to be portable and if TML needs characters and strings internally in the same encoding as it stores its own data, we can map strings directly into files and gain lots of speed with it. The code is now pushed in the repository and can be tested. He’s also working on a TML tutorial and likely before next update, there should be something available online. Kilian: Transcribed past month’s video update. You can find it on Reddit. Also, he has done more outreach towards potential partner universities and research groups and this month the response rate was better than earlier, most likely because of the whitepaper release. Positive replies include: University of Mannheim, Trier (Computational Linguistics & Digital Humanities), research group AI KR from within the W3C (https://www.w3.org/community/aik) articulated strong interest in getting a discussion going, particularly because they had some misconceptions about blockchain. They would like to have a Q&A session with a couple of their group members but first it’s important for us to have them read the whitepaper to get a basic understanding and then be able to ask respective questions. Other interested parties include the Computational Linguistics research group of the University of Groningen, Netherlands and also the Center for Language Technology of the University of Gothenburg, Sweden. We also got connected to the Chalmers University of Technology, Sweden. Also has done some press outreach in combination with the whitepaper, trying to get respective media outlets to cover our project, but so far hasn’t gotten feedback back. Been discussing the social media strategy with Ohad and Fola, trying to be more active on our channels and have a weekly posting schedule on Twitter including non-technical and technical contests that engage with all parts of our community. Furthermore, has opened up a discussion on Discord (https://discord.gg/qZtJs78) in the “Tau-Discussion” channel around the topics that Ohad mentioned he would first like to see discussed on Tau (see https://youtu.be/O4SFxq_3ask?t=2225):
Definitions of what good and bad means and what better and worse means.
The governance model over Tau.
The specification of Tau itself and how to make it grow and evolve even more to suit wider audiences. The whole point of Tau is people collaborating in order to define Tau itself and to improve it over time, so it will improve up to infinity. This is the main thing, especially initially, that the Tau developers (or rather users) advance the platform more and more.
If you are interested in participating in the discussion, join our Discord (https://discord.gg/qZtJs78) and post your thoughts – we’d appreciate it! Also has finished designing the bounty claiming process, so people that worked on a bounty now can claim their reward by filling out the bounty claiming form (https://forms.gle/HvksdaavuJbu4PCV8). Been also working on revamping the original post in the Bitcointalk-Thread. It contains a lot of broken links and generally is outdated, so he’s using the whitepaper to give it a complete overhaul. With the whitepaper release, the community also got a lot more active which was great to see and thus, he dedicated more time towards supporting the community. Mo’az: Finished multiple milestones with regards to the Agoras Live website: 1. Question part where people post their requests and knowledge providers can help them with missing knowledge. 2. Have been through multiple iterations of how to approach the services in the website. How the service seeker can discover new people through the website. 3. Connected the limited, static categories on the website to add more diversity to it. By adding tags, it will be easier for service seekers to find what they are looking for. 4. Onboarding: Been working on adding an onboarding step for the user, so the user chooses categories of his interest and as a result, he will find the homepage to be more personalized towards him and his interests. 5. New section to the user profile added: The service that the knowledge provider can provide. Can be added as tags or free text. 6. Search: Can filter via free text and filter by country, language, etc. 7. Been working on how to display the knowledge providers on the platform. Andrei: Improved look of the Agoras Live front page: Looks more clean. Finetuned search options. Redesigned the header. It now has notification icons. If you query a knowledge provider for an appointment, he will receive a notification about the new appointment to be approved or rejected. You can also add a user to your favorites. Front page now randomly displays users. Also implemented email templates, e.g. a thank you email upon registration or an appointment reminder. What is left to do is the session list and then the basic engine will be ready. Also needs to implement the “questions” section. Juan: Has switched towards development of TML related features. Been working mainly on the first order logic support. Has integrated the formula parser with the TML core functionality. With this being connected, we added to TML quantified Boolean function solving capability in the same way as we get the first order logic support. It’s worth mentioning that this feature is being supported by means of the main optimized BDD primitives that we already have in the TML engine. Looking forward to make this scalable in terms of formula sizes. It’s a matter of refining the Boolean solution and doing proper tests to show this milestone to the community in a proper way. Fola: Have been discussing the feasibility of a token swap towards ERC20 from the Omni token with exchanges and internally with the team. Also has been discussing the social media strategy with Kilian. As we update with the new visual identity and the branding, it’s a good time to boost our social media channels and look ready for the next iteration of our look and feel. Continuing on the aspects of our visual identity and design, he’s been talking to quite a number of large agencies who have been involved in some of the larger projects in the software space. One being Phantom (https://phantom.land) who designed the DeepMind website (https://deepmind.com), the other one being Outcast (https://theoutcastagency.com) who have been working with Intel and SalesForce. We aren’t sure yet with which company we go but it’s been good to get insight into how they work and which steps they’d take into getting our project out to the wider audience. That whole process has been a lot of research into what kind of agencies we’d want to get involved with. Also, with the release of the whitepaper being such a big milestone in the history of the company, he’s been doing a lot of reading of that paper. We’re also looking to get more manpower involved with the TML website. Also going to hire a frontend developer for the website and the backend will be done according to Ohad’s requirements. Also, as a response of the community’s feedback towards the Omni deck not being user friendly, he did some outreach to the Omni team and introduced them to a partner exchange for Agoras Live. They have an “exchange-in-a-box” service which may help Omni to have a much more usable interface for the Omni Dex, so hopefully they will be working together to improve the usability of the Omni Dex. Ohad: Finished writing the community draft of the whitepaper. The final version will contain changes according to the community’s feedback and more elaboration on more topics that weren’t inserted in the current paper, including logics for law and about the full process of Tau. And, as usual, he’s been doing more research of second order logic, specifically, Boolean options and also analyzing the situation where the formulas in conjunctive normal form trying to extract some information from such a cnf. Also, what Juan mentioned about first order logic: People who are already familiar with TML will see that now with this change, the easiness of using TML got much more advanced. In first order formulas, expressing yourself has become much easier than before. Q&A: Q: What is the difference between Horn Second Order Logic and Krom Second Order Logic? A: Horn and Krom are special cases of cnf (conjunctive normal form). Conjunctive normal form means the formula has the form of n conjunction between clauses. This clause and this clause while each clause is a disjunction of atoms: It’s this or this or this or that. And now any formula can be written in conjunctive form. Any formula can be brought to this form. Krom is the case where each clause contains exactly two atoms and Horn is the case where at most one atom in every clause is positive – thre rest are negated, that’s the definition. Q: Now that the whitepaper has been released, how do you think it will affect the work of the developers? A: We see the whitepaper as being a roadmap of development for us, so it will essentially be the vision that we are working to implement. Of course, we have to turn it into much more specific tasks, but as you saw from the detailed progress from last month, that’s exactly what we do. Q: When can we expect the new website? A: We’ve just updated the website with the whitepaper and the new website should be launching after we get the branding done. There’s a lot of work to be done and a lot of considerations taking place. We have to get the graphics ready and the front end done. The branding is the most important step we have to get done and once that is complete, we will launch the new website. Q: What needs to be resolved next before we get onto a solid US exchange? A: With the whitepaper released, that’s probably been the biggest hurdle we had to get over. At this point, we still have to confirm some elements of the plan with the US regulators and we do need to have some sort of product available. Be that the TML release or Agoras Live, there needs to be something out for people to use. So, in conjunction with the whitepaper and approval from the US regulators, we need to have a product available to get onto US exchanges. Q: Does the team still need to get bigger to reach cruising speed, if so, how much by and in which areas? A: Of course, any development team would like to have as many resources as possible but working with the resources we that have right now, we are making significant progress towards the two development goals that we have, both the Agoras Live website and the TML engine. But we are bringing in at least two more resources in the near future but there’s no lack of work to be done and also there’s no lack of progress. Q: Will Prof. Carmi continue to work in the team and if so, in what capacity? A: Sure, Prof. Carmi will continue coordinating with us. Right now, he’s working on the mathematics of certain features in the derivatives market that Agoras is planned to have, and also ongoing research in relevant logic. Q: Will you translate the whitepaper into other languages? A: Yes, we expect translations of the whitepaper to occur. The most important languages that comprise our community, e.g. Chinese. What languages exactly, we cannot tell right now, but mainly the most prominent languages that comprise our community. Q: Is the roadmap on the website still correct and, when will we move to the next step? A: We will be revamping the website soon including the roadmap that will be a summary of what’s been published in the whitepaper but the old version of the roadmap on the website is no longer up-to-date. Q: What are the requirements for Agoras to have its own chain? A: If the question means why Agoras doesn’t have its own chain right now, well there is no special reason. We need to reach there and we will reach there. Q: When Agoras switches to its own chain, will you need to create a new payments system from scratch? A: No, we won’t have to. We will have to integrate with the new payment channel but that’s something we are planning to do anyway. We will be integrating with several exchanges and several payment channels so it won’t be a huge task. Most of the heavy lifting is in the wallet and key management which will be done on the client side but we’re already planning on having more than one payment gateway anyway so having one more is no problem. Q: When can we see Tau work with a real practical example? A: For examples of applications of TML, we are currently working on a TML tutorial and a set of demos. Two of our developers are currently working on it and it’s going to be a big part of our next release. Q: How can we make speaking in formal languages easier, with an example? A: Coming up with a usable and convenient formal language is a big task which maybe it’s even safe to say no one achieved up until today. But we solve this problem indirectly yet completely by not coming up with any language but letting languages to be created and evolve over time through the internet of languages. We don’t have any solution of how to make formal languages very easy for everyone. It will be a collaborative effort over Tau together to reach there over time. You can see in the whitepaper in the section 4.2 about “The Critical Mass and the Tau Chain Reaction”. Q: What are the biggest limitations of Tau and, are they solvable? A: TML cannot do everything that requires more than polynomial space to be done and there are infinitely many things like this. For example, you can look up x time or x space complete problems. We would want to say elementary but there is no elementary complete problem but there are complete problems in each of the levels of elementary. All those, TML cannot do because this is above polynomial space. Another drawback of TML which comes from the usage of BDDs is arithmetic. In particular, multiplication. Multiplication is highly inefficient in TML because of the nature of BDDs and of course BDDs bring so many more good things that even this drawback of slow multiplication is small compared to all the possibilities that this gives us. Another limitation, which we will emphasize in the next version of the whitepaper, is the satisfiability problem. The satisfiability problem of a formula without a model to ask whether a model exists – not a model checking like right now but to ask whether a model exists – this is undecidable already on very restricted classes as follows from Trakhtenbrot’s theory. So in particular, the containment problem, the scalability problem, the validity problem, they all are undecidable in TML as is and for them to be decidable, we need to restrict even more the expressive power and look at narrower fragments of the language. But again, this will be more emphasized in the next version of the whitepaper. Q: It looks years for projects such as Maidsafe to build something mediocre, why should Agoras be able to do similar or better in less time? A: Early on in the life of the Tau project, we’ve identified the computational resources marketplace as one of the possible applications of Tau, so it is very much on our roadmap. However, as you mentioned, there are some other projects, e.g. Filecoin, which is specifically focusing on the problem of storage. So even though it’s on our roadmap, we’re not there yet but we are watching closely what our competitors in this field are doing. While they haven’t yet delivered on their promise of an open and distributed storage network, we feel that at some point we will have more value to bring to the project. So distributed storage is on our roadmap but it’s not a priority for us right now but eventually we’ll get there. Q: What are the requirements in scalability, e.g. permanent storage etc.? A: We haven’t answered that question yet. Q: Will Tau be able to run on a mobile phone? A: Definitely, Yes. We’re planning on being available on all computational platforms, be it a server, laptop, phone or an iPad type of device. Q: Given a vast trove of knowledge, how can Tau determine relevance? Can it also build defenses against spam attacks and garbage data? A: Tau doesn’t offer any predetermined solution to this. It is basically all up to the user. The user will have to define what’s criminal and what’s not. Of course, most users will not bother with defining this but they will be able to automatically agree to people who already defined it and by that import their definitions. So bottom line: It’s really up to the users. Q: What are your top priorities for the next three months? A: Our goal for this year (2020) is to release a first version of Agoras Live and of TML. Q: Ohad mentioned the following at the start of the year: Time for us to work on Agoras. We need to create the Agoras team and commence work. We made a major improvement in one of Agoras’ aspects in the form of theatrical breakthrough but we’re not ready yet to share the details publicly. Is there any further news or progress with the development of Agoras? A: If the question is whether there has been more progress in the development of Agoras, specifically with regards to new discoveries for the derivatives market, then the answer is of course yes. Professor Carmi is now working on those inventions related to the derivatives market. We still keep them secret and of course, with Agoras Live, knowledge sharing for money is coming.
Big ol' post. How I went about researching top surgery (and to some degree, my identity), therapy, experience with parents, early life and signs, etc. I found personal accounts to be helpful when I was starting to look into things, so here's my contribution.
My therapist keeps telling me that it's good for people to know what's possible, both bad and good. I've been lucky in a lot of areas and I didn't want to post about it because I don't want people to feel bad. But she keeps telling me that hope is an important tool for people so, if this is upsetting, blame her lol. First some context and personal info about me. I'm nonbinary, but I lean and present masculine. I'm not on hormones. After wanting it for roughly 15 years, I got top surgery this year at the ripe old age of 29 (kidding about being old--sort of. I think this sub tends to skew pretty young, so I feel old compared to a lot of you lol). I am so sorry about the length of this. I tried to break it down into chunks so if you want to skip headers you can. Quick TL;DR Timeline:
Childhood/Early Teens: Gender??? who cares, I'm me
Teens: I absolutely do not want these boobs but I don't have a choice. Gender still weird.
Early 20s: Learned about other gender identities and gender affirming surgeries
23: Started seriously considering top surgery for real.
27: Called to schedule a consultation with NYU Langone.
28: Had my consultation
29: Had my surgery
Until ~puberty~ and the dreaded body changes, gender was largely not something I thought about. I knew people tended to fit someone into either male or female, and I knew people viewed me as female and treated me as such, but it's not something I felt strongly about for myself at all. Puberty wound up sending me into a bit of an existential crisis. I hated my breasts. I hated how they made my shirts fit weird, I hated how people treated me differently if they were sort of on display, I constantly felt like I was smuggling a pair of grapefruits around. My grandmother was diagnosed with breast cancer when she was 50, and had a mastectomy. I was like, holy shit? I WISH I WOULD GET BREAST CANCER SO THEY'D HAVE TO CUT OFF MY BOOBS! Yes, in retrospect, holy fuck that is an awful way to go about it. At the time I didn't know you could just like... get surgery. My only experiences with surgery were emergency situations, so I thought something had to be immediately, grievously, life-threateningly wrong in order to get surgery. So I carried that ungodly wish around for a good several years. Yikes. At the time I also hadn't heard of the term "nonbinary" and it was also really eating at me. "Woman" absolutely felt wrong, but "Man" didn't quite feel right either. I used to joke about feeling like a shapeless amoeba and being happy like that. But there was no way that was valid... right?? Obviously I was wrong, I found out about different gender identities and was much happier in that regard. It may sound weird or look the same on the outside, but a lot of my masculine traits and tendencies are less about actually being masculine but really more about being less feminine. I know it looks the same from the outside but internally, it was an important distinction for me. Still hated having boobs, tho.
This is one of the areas I really lucked out on, and the biggest thing I didn't want people to feel bad about. When it comes to my identity (and unrelated to this but my sexuality as well) my parents have been, well, remarkably chill. My dad has always been tuned into my social media, so he already knew everything and ultimately was the one who was like "what are you waiting for? Schedule an appointment already!" I had to bring him to a therapy appointment once to talk about surgery strategy, and he basically said "parents who can't support their kids unconditionally shouldn't be parents" without missing a beat so that was nice. Otherwise he basically just lets me take the lead. Let him know what I need from him, and he'll do it. My mom I was definitely more worried about, though it turned out to be pretty unfounded. My mom and I haven't had the greatest history. It basically boils down to a clash in personalities. I was a pretty shy kid, she was always pushy about it, and neither of us handled my Moody Teenager-ness well. Things have improved a lot since I became an adult and since I started antidepressant/antianxiety meds. I also had to bring her to a therapy appointment to talk about surgery recovery strategy, where it turns out she always knew about my identity in some way, she was just waiting for me to tell her myself. And then she was all hands on deck. She checked in with me after every pre-op and post-op appointment, she asked if there was anything she needed to do or buy, she dug up a bunch of her current husband's old button-ups for me to wear post-op, she stayed with me at the hospital and took me home, etc. There was never any weirdness or questioning from either of them. I knew my dad would be chill, I was always worried about my mom though, but it was all a pleasant surprise.
Researching Top Surgery (and Therapy)
Thanks to the internet and places like Tumblr, I was introduced to the concept of gender affirming surgeries. I was initially skeptical that I qualified (the good ol' "am I trans enough??" question) but the more I read personal accounts and stories from people, the more I realized that I did indeed fit the bill. But I was working at CVS at the time, had no health insurance, was (and still am) paying off student loans... it just wasn't going to happen at that time. So for 5 years I did nothing. Just plucked away at life. Then I got a new job with actual health insurance. Interest renewed. It would still be a couple of years before I even called to make a consultation but, I started looking into everything again. So I came up with a list of questions and goals that needed to be answered and researched:
What surgeon and where?
Did my health insurance even cover it?
If so, what information and documents would I need?
How much of it does insurance cover?
How much time off would I need for recovery?
I would like to emphasize, I knew NOTHING about insurance going into this. But honestly, it's not that difficult. Go through it slowly, google any terms you don't know or understand, and don't be afraid to call or email your insurance to ask even the stupidest of questions. It's their job to answer your questions. First, I found my insurance's policy for "Gender Affirming Services (Transgender Services)" which is its official title within my insurance. I read it several times, and in my case I was glad that the language avoided sticking strictly to the binary, because I was worried I wouldn't qualify. They used phrases like "gender identity other than that assigned at birth." I actually just looked at it now and it's been updated even further to be even more inclusive, which is nice. It has a list of services and surgeries that are covered, along with any requirements. I saved the pdf, as well as printed it and stuck it in a big 3-ring binder that would become my go-to resource. Next I started looking at surgeons that accepted my insurance, and whose results and reviews seemed good enough for me. Transbucket was still working at the time, so I went through the images and wrote a list of surgeons down. I live in NY, which has a few good but long-waitlisted surgeons, so to keep things a little less complicated I decided to narrow the list down to NY surgeons. I read some sketchy things about Mt. Sinai's surgeons at the time, so I decided to nix them from the list. Ultimately I decided to go with Dr. Bluebond-Langner with NYU Langone. Knowing there was going to be a long wait to deal with the rest of my prep, I called to schedule a consult pretty much immediately after I made my choice. The consult wound up being a year later, so that gave me time and a concrete deadline to work toward. Call date: January 2018 Consult date: January 2019 NYU Langone sent me a pretty comprehensive packet of info, including some requirements for getting surgery. Mainly it was a diagnosis of gender dysphoria and letter from a therapist, which would also cover my insurance requirements. So my next step was finding a suitable therapist. I had already read about the long wait times between consults and surgery, so I didn't immediately jump into therapy. There was a long stretch of just doing nothing. Initially I started out by using the "find a provider" tool on my insurance website to try and find a therapist, but it wasn't really getting me anywhere. BCBS's various websites suck ass. After having some initial talks with a few therapists, I found out it's kind of annoying for them to work with insurance in NY, so they work out of network but provide the receipts and codes for you to submit a claim on your own. So instead I started by searching "WPATH therapist [location]" and scoped out the results. They weren't necessarily registered with WPATH, but they were at least familiar with it and that was the important factor, for me. I reached out to them explaining who I was, what my identity was, and that I was seeking a diagnosis and letter so that I could get top surgery. I told them that I was absolutely okay if they were uncomfortable with this and did not want to continue. Everyone responded kindly and was down for it, but I was put off by the short responses from some of them or the informal abbreviations. In any other normal everyday situation I absolutely would not care, but I had taken the time to write this formal email where I basically bared my deepest secrets to them, and getting back a "k" was like... nah man. This ain't it. Except one woman who responded with the kind of thoughtfulness and care I was expecting, and seemed like a perfect fit. I love her to death and I'm still having sessions with her on a regular basis. Therapy start: May 2019 It was my first time being in therapy at all. Some of it was about my identity, some of it was just general life stuff, but she's great at guiding things along and she's not afraid to ask me if that's what I really think or if I'm just saying what I think she wants me to say, stuff like that. Also I've slipped out a few curses in front of her (I curse a LOT in casual conversation) so it's pretty funny when your therapist isn't afraid to say "fuck" in front of you now. In November 2019 we worked on and finalized my letter. She had me read it a dozen times before I signed off on it, and we made sure all the pertinent info and requirements were in, including the diagnosis code for gender dysphoria. She faxed it over to the hospital and also gave me a copy. Ultimately the letter was good for one year but she made it clear that she would absolutely change the date and resubmit it if my surgery date wound up falling past that point. A big source of my info on surgery, recovery, and good stuff to have around has come from blog posts and from this sub. You have been invaluable. It was good to see the gamut of recoveries from "ridiculously smooth" to "absolute hell" and help me plan for the worst case (which thankfully wasn't necessary).
The World's Longest Home Stretch AKA Approaching Surgery
Consult in January 2020 finally arrived. I was in the waiting room longer than I was actually in any part of the consult lmao. Dr. Bluebond-Langner is nice and great, let me be clear. But for her it was just another Tuesday, so she was basically just blasting right along and asking me questions while taking measurements of my chest. I had some questions and she was happy to answer but I was also just kind of nervous and caught up in the expediency of the whole process, so it was all done in like, 3 minutes. Then the photographer team took photos of me shirtless in several positions and angles. Super, duper weird and awkward but they were extremely nice and professional, and pretty made it as un-weird as possible. The good news is that they have a stellar patient portal where you can ask questions pretty much whenever you want, and they also sent me another email and another physical packet of information which largely covered anything I forgot to ask in my stupor. About 3 days later I got my surgery date. Surgery date: August 2020 Obviously COVID has been a hell of a thing. Appointments were pushed back, masks were worn, hand sanitizer was applied judiciously, temperatures were taken at doorways. I waited with bated breath to see if my appointment would be rescheduled. Thankfully I lucked out big time and hospitals started doing non-emergency surgeries again before my date came up, so they called and told me I was still on for August. I had to have an appointment with my Primary Care Physician (PCP) and explain that I was having surgery and I was going to need a bunch of tests done, and the results sent to the hospital. My doctor's office is a teaching office, so I basically had to come out to my PCP and the student shadowing her, but it was all chill. My doctor told me that she has several trans patients now and they're seeing an increase in people who are more comfortable to come out, which is nice. So she was 100% down to do whatever tests the hospital needed. In practice, getting the results in and to the hospital on time was a bit of a pain in the ass. I think technically several of my results were late but it didn't screw me over. The tests had to be done within a certain window before surgery (not too early, basically) but the processing took forever on a couple of them, and I had to ask and triple check with the doctor's office a few times because the hospital was still missing a couple of them. It was a bit of unnecessary stress leading up to surgery lol. PTO scheduled, bag packed, took a train into the city for surgery.
First off, everyone at the hospital was super nice the entire time I was there. You're not allowed to eat or drink after midnight the night before. That night I woke up every hour from a nightmare that I had accidentally eaten something. I showed up in sweats and a hoodie, got my patient wrist band (with my preferred name!) and then waited for what felt like an eternity while my mom and I chatted. Someone came and got me, I had to brush my teeth and use mouthwash (something about cutting down on possible infection), had me pee in a cup one last time, and gave me a gown. My mom was allowed to join me in the "staging area" where other people were stationed and waiting for their surgeries to start. It was just a lot of taking vitals, starting the IV, people introducing themselves to you and what their role was going to be in your surgery, Dr. Bluebond-Langner marking up my chest and asking me how I was feeling. It was the most chill hospital experience I have ever had. Granted all of my other experiences were like, emergency room visits where things were much more hectic. This was all planned out, everyone was relaxed, everything was fine. After that, one big nap. The last thing I remember was getting up on the table and apologizing for being in the way while someone said "don't be sorry, you're the star of the show, we're all here for you" and then I was out like a light. Next time I woke up I was in the recovery wing, where they stash you before they bring you to your permanent room. Initially, I was pretty dizzy and out of it, but I was definitely waking up. They were getting ready to move me, so I had to stand up, but I somehow managed to pull one of the drain bulbs out (NOT the tube that was in my body, thank god) so I looked like I was in a horror movie with a big puddle of blood on my side lol. They had me swap gowns. While this was going on and I was standing up, it was the only time I felt bad. I felt sick and I told someone I think I needed to sit down. As soon as I sat down in the wheelchair I immediately felt better, and they were ready to wheel me to my room.
Post-Op in the Hospital
Dr. Bluebond-Langner keeps people overnight, so I stayed the night in the hospital. This is another area where I feel a little bad, but my recovery has been pretty stellar and apparently I'm part Wolverine from X-Men because doctors and nurses keep telling me that I'm healing really well. Almost immediately, I was fairly mobile. The anesthesia hasn't really hung around. I was walking city blocks upon city blocks to my post-op appointments, and I'd say maybe about 1 month post-op I really started getting my range of motion back in my arms. I'm a little over 2 months now post op and can fully raise my arms over my head, etc. My pain management was also basically nonexistent. I used some extra strength tylenol for a few days until I forgot to take it, realized I didn't really seem to need it, and just stopped from thereon out. STILL NO LIFTING THOUGH! Everyone is adamant about that. After my initial hiccup with the anesthesia, it wore off pretty fast. I was up and able to walk laps around the hospital without issue. The nurse taking care of me had to keep telling me to slow down. I was wide awake, chatting and eating full meals (side note: the hospital food there was REALLY GOOD). I was able to get in an out of bed on my own, I started stripping my own drains (scared the crap out of the nurse who just saw someone moving behind my door and didn't realize I was able to do it on my own). A few times throughout my stay, either Dr. Bluebond-Langner herself or someone on her team would come by and undo my compression vest to check things out and make sure there were no issues. If I had one complaint, it's the IV fluids. I had to pee CONSTANTLY. My mom stayed with me until the end of visiting hours, chatting and doing her own work, occasionally helping me reach things, flagging down a nurse when I had to pee for the hundreth time, etc. Otherwise, I was discharged the next morning. The Uber ride and subsequent train ride home were pretty smooth. I was worried that every little bump would kill me, but the tightness of the compression vest kept everything pretty secure.
Recovery at Home
I was pretty self-sufficient. We had already moved a bunch of water glasses onto the counter for easy access, and I had a bunch of reasonably healthy easy-cook food ready to go. I had an adjustable incline pillow for sleeping on my back and keeping me somewhat elevated, coupled with a neck pillow and a total blackout sleep mask. My dog kept me company. Sleeping is honestly probably the worst part. I am very much a side and stomach sleeper. And although my recovery was pretty smooth, surgery is still surgery and I found it difficult to get a good, restful sleep through the general uncomfortableness. Showering and bathing was probably the second worst part. Taking a shallow bath was definitely easier but I basically couldn't get really clean because I was constantly worried about accidentally pulling the drains, or getting something wet. Part of my dismissal included a packet with a calendar for measuring and recording my drains. I tried to do that at about 9am and 9pm every day to keep an even 12 hour spread. I'm not a particularly squeamish person, but even I initially was a bit grossed out by the contents of the drains. I got used to it after a couple of days, though. My drains were, mercifully, not painful or irritated at the drain sites. The only issue I had was a VERY small hematoma on my right side, down where the drain actually starts in your body. Emptying my drains on that side started to produce a slightly painful pinching feeling in that spot, and putting pressure on it would hurt a bit. I contacted the surgeon's office about it, and they gave me the option to come in, or just ride it out and let it reabsorb itself. I chose to leave it alone, and it started feeling better after a few days. I had several post-op appointments, 1 each week after surgery for 3 weeks. First week was just a checkup, nothing super notable to be honest. Basically just a "holy crap you're only one week out? I would not have guessed, you're walking around just fine." At 2 weeks, we took the drains out. Thank god, because I went back to work the next day and really needed a proper shower. I still had to keep the compression vest on, but I was at least allowed to take it off and wash it. That thing was rank. And I was allowed to wear deodorant. At 3 weeks, I was officially allowed to take the vest off. They showed me how to do scar massaging, they did a quick draining of some fluid in both of my sides (in Dr. Bluebond-Langner's own words, she was being "nitpicky" about it because it was a minor amount, but figured she might as well just do it while I was there), made me promise I'd keep moisturizing my nipple scabs, and said they'll see me in a month. The scabs fell off eventually by the way. I think one fell off at like 3 weeks, the other at 4. Yes, it looks terrifying. No, they didn't die. Yes, it's normal. It is weird to see the very pink, fresh skin underneath but that's normal. Now I just oil up my scars with bio-oil every day and massage as part of my morning routine. I already made a previous post about my scars being hypertrophic and how I'm fine with that, and it might be hard to believe when you see hypertrophic scars, but they look and feel much better now than they did, and they're only going to keep getting better. I was using the silicone strips, but my scars kinda go up near my arm pits and when I get sweaty at work, it makes them come loose. I was taping those parts but the tape irritates my skin, so I just stopped trying to make that work for now.
So that's where I'm at now. I feel much, much better. I stand taller instead of hunching over to try and hide my chest. I'm probably a lot older than a lot of folks in here who probably can't even imagine waiting until nearly 30 to get to some of these points. I guess if there's a takeaway it's 1) sometimes surgery goes pretty smoothly and 2) your life doesn't end if you don't transition before 18. I THINK it's pretty comprehensive in here but, if there's a particular question you have about something feel free to ask.
Everything You Always Wanted To Know About Swaps* (*But Were Afraid To Ask)
Hello, dummies It's your old pal, Fuzzy. As I'm sure you've all noticed, a lot of the stuff that gets posted here is - to put it delicately - fucking ridiculous. More backwards-ass shit gets posted to wallstreetbets than you'd see on a Westboro Baptist community message board. I mean, I had a look at the daily thread yesterday and..... yeesh. I know, I know. We all make like the divine Laura Dern circa 1992 on the daily and stick our hands deep into this steaming heap of shit to find the nuggets of valuable and/or hilarious information within (thanks for reading, BTW). I agree. I love it just the way it is too. That's what makes WSB great. What I'm getting at is that a lot of the stuff that gets posted here - notwithstanding it being funny or interesting - is just... wrong. Like, fucking your cousin wrong. And to be clear, I mean the fucking your *first* cousin kinda wrong, before my Southerners in the back get all het up (simmer down, Billy Ray - I know Mabel's twice removed on your grand-sister's side). Truly, I try to let it slide. Idomybit to try and put you on the right path. Most of the time, I sleep easy no matter how badly I've seen someone explain what a bank liquidity crisis is. But out of all of those tens of thousands of misguided, autistic attempts at understanding the world of high finance, one thing gets so consistently - so *emphatically* - fucked up and misunderstood by you retards that last night I felt obligated at the end of a long work day to pull together this edition of Finance with Fuzzy just for you. It's so serious I'm not even going to make a u/pokimane gag. Have you guessed what it is yet? Here's a clue. It's in the title of the post. That's right, friends. Today in the neighborhood we're going to talk all about hedging in financial markets - spots, swaps, collars, forwards, CDS, synthetic CDOs, all that fun shit. Don't worry; I'm going to explain what all the scary words mean and how they impact your OTM RH positions along the way. We're going to break it down like this. (1) "What's a hedge, Fuzzy?" (2) Common Hedging Strategies and (3) All About ISDAs and Credit Default Swaps. Before we begin. For the nerds and JV traders in the back (and anyone else who needs to hear this up front) - I am simplifying these descriptions for the purposes of this post. I am also obviously not going to try and cover every exotic form of hedge under the sun or give a detailed summation of what caused the financial crisis. If you are interested in something specific ask a question, but don't try and impress me with your Investopedia skills or technical points I didn't cover; I will just be forced to flex my years of IRL experience on you in the comments and you'll look like a big dummy. TL;DR? Fuck you. There is no TL;DR. You've come this far already. What's a few more paragraphs? Put down the Cheetos and try to concentrate for the next 5-7 minutes. You'll learn something, and I promise I'll be gentle. Ready? Let's get started. 1.The Tao of Risk: Hedging as a Way of Life The simplest way to characterize what a hedge 'is' is to imagine every action having a binary outcome. One is bad, one is good. Red lines, green lines; uppie, downie. With me so far? Good. A 'hedge' is simply the employment of a strategy to mitigate the effect of your action having the wrong binary outcome. You wanted X, but you got Z! Frowny face. A hedge strategy introduces a third outcome. If you hedged against the possibility of Z happening, then you can wind up with Y instead. Not as good as X, but not as bad as Z. The technical definition I like to give my idiot juniors is as follows: Utilization of a defensive strategy to mitigate risk, at a fraction of the cost to capital of the risk itself. Congratulations. You just finished Hedging 101. "But Fuzzy, that's easy! I just sold a naked call against my 95% OTM put! I'm adequately hedged!". Spoiler alert: you're not (although good work on executing a collar, which I describe below). What I'm talking about here is what would be referred to as a 'perfect hedge'; a binary outcome where downside is totally mitigated by a risk management strategy. That's not how it works IRL. Pay attention; this is the tricky part. You can't take a single position and conclude that you're adequately hedged because risks are fluid, not static. So you need to constantly adjust your position in order to maximize the value of the hedge and insure your position. You also need to consider exposure to more than one category of risk. There are micro (specific exposure) risks, and macro (trend exposure) risks, and both need to factor into the hedge calculus. That's why, in the real world, the value of hedging depends entirely on the design of the hedging strategy itself. Here, when we say "value" of the hedge, we're not talking about cash money - we're talking about the intrinsic value of the hedge relative to the the risk profile of your underlying exposure. To achieve this, people hedge dynamically. In wallstreetbets terms, this means that as the value of your position changes, you need to change your hedges too. The idea is to efficiently and continuously distribute and rebalance risk across different states and periods, taking value from states in which the marginal cost of the hedge is low and putting it back into states where marginal cost of the hedge is high, until the shadow value of your underlying exposure is equalized across your positions. The punchline, I guess, is that one static position is a hedge in the same way that the finger paintings you make for your wife's boyfriend are art - it's technically correct, but you're only playing yourself by believing it. Anyway. Obviously doing this as a small potatoes trader is hard but it's worth taking into account. Enough basic shit. So how does this work in markets? 2. A Hedging Taxonomy The best place to start here is a practical question. What does a business need to hedge against? Think about the specific risk that an individual business faces. These are legion, so I'm just going to list a few of the key ones that apply to most corporates. (1) You have commodity risk for the shit you buy or the shit you use. (2) You have currency risk for the money you borrow. (3) You have rate risk on the debt you carry. (4) You have offtake risk for the shit you sell. Complicated, right? To help address the many and varied ways that shit can go wrong in a sophisticated market, smart operators like yours truly have devised a whole bundle of different instruments which can help you manage the risk. I might write about some of the more complicated ones in a later post if people are interested (CDO/CLOs, strip/stack hedges and bond swaps with option toggles come to mind) but let's stick to the basics for now. (i) Swaps A swap is one of the most common forms of hedge instrument, and they're used by pretty much everyone that can afford them. The language is complicated but the concept isn't, so pay attention and you'll be fine. This is the most important part of this section so it'll be the longest one. Swaps are derivative contracts with two counterparties (before you ask, you can't trade 'em on an exchange - they're OTC instruments only). They're used to exchange one cash flow for another cash flow of equal expected value; doing this allows you to take speculative positions on certain financial prices or to alter the cash flows of existing assets or liabilities within a business. "Wait, Fuzz; slow down! What do you mean sets of cash flows?". Fear not, little autist. Ol' Fuzz has you covered. The cash flows I'm talking about are referred to in swap-land as 'legs'. One leg is fixed - a set payment that's the same every time it gets paid - and the other is variable - it fluctuates (typically indexed off the price of the underlying risk that you are speculating on / protecting against). You set it up at the start so that they're notionally equal and the two legs net off; so at open, the swap is a zero NPV instrument. Here's where the fun starts. If the price that you based the variable leg of the swap on changes, the value of the swap will shift; the party on the wrong side of the move ponies up via the variable payment. It's a zero sum game. I'll give you an example using the most vanilla swap around; an interest rate trade. Here's how it works. You borrow money from a bank, and they charge you a rate of interest. You lock the rate up front, because you're smart like that. But then - quelle surprise! - the rate gets better after you borrow. Now you're bagholding to the tune of, I don't know, 5 bps. Doesn't sound like much but on a billion dollar loan that's a lot of money (a classic example of the kind of 'small, deep hole' that's terrible for profits). Now, if you had a swap contract on the rate before you entered the trade, you're set; if the rate goes down, you get a payment under the swap. If it goes up, whatever payment you're making to the bank is netted off by the fact that you're borrowing at a sub-market rate. Win-win! Or, at least, Lose Less / Lose Less. That's the name of the game in hedging. There are many different kinds of swaps, some of which are pretty exotic; but they're all different variations on the same theme. If your business has exposure to something which fluctuates in price, you trade swaps to hedge against the fluctuation. The valuation of swaps is also super interesting but I guarantee you that 99% of you won't understand it so I'm not going to try and explain it here although I encourage you to google it if you're interested. Because they're OTC, none of them are filed publicly. Someeeeeetimes you see an ISDA (dsicussed below) but the confirms themselves (the individual swaps) are not filed. You can usually read about the hedging strategy in a 10-K, though. For what it's worth, most modern credit agreements ban speculative hedging. Top tip: This is occasionally something worth checking in credit agreements when you invest in businesses that are debt issuers - being able to do this increases the risk profile significantly and is particularly important in times of economic volatility (ctrl+f "non-speculative" in the credit agreement to be sure). (ii) Forwards A forward is a contract made today for the future delivery of an asset at a pre-agreed price. That's it. "But Fuzzy! That sounds just like a futures contract!". I know. Confusing, right? Just like a futures trade, forwards are generally used in commodity or forex land to protect against price fluctuations. The differences between forwards and futures are small but significant. I'm not going to go into super boring detail because I don't think many of you are commodities traders but it is still an important thing to understand even if you're just an RH jockey, so stick with me. Just like swaps, forwards are OTC contracts - they're not publicly traded. This is distinct from futures, which are traded on exchanges (see The Ballad Of Big Dick Vick for some more color on this). In a forward, no money changes hands until the maturity date of the contract when delivery and receipt are carried out; price and quantity are locked in from day 1. As you now know having read about BDV, futures are marked to market daily, and normally people close them out with synthetic settlement using an inverse position. They're also liquid, and that makes them easier to unwind or close out in case shit goes sideways. People use forwards when they absolutely have to get rid of the thing they made (or take delivery of the thing they need). If you're a miner, or a farmer, you use this shit to make sure that at the end of the production cycle, you can get rid of the shit you made (and you won't get fucked by someone taking cash settlement over delivery). If you're a buyer, you use them to guarantee that you'll get whatever the shit is that you'll need at a price agreed in advance. Because they're OTC, you can also exactly tailor them to the requirements of your particular circumstances. These contracts are incredibly byzantine (and there are even crazier synthetic forwards you can see in money markets for the true degenerate fund managers). In my experience, only Texan oilfield magnates, commodities traders, and the weirdo forex crowd fuck with them. I (i) do not own a 10 gallon hat or a novelty size belt buckle (ii) do not wake up in the middle of the night freaking out about the price of pork fat and (iii) love greenbacks too much to care about other countries' monopoly money, so I don't fuck with them. (iii) Collars No, not the kind your wife is encouraging you to wear try out to 'spice things up' in the bedroom during quarantine. Collars are actually the hedging strategy most applicable to WSB. Collars deal with options! Hooray! To execute a basic collar (also called a wrapper by tea-drinking Brits and people from the Antipodes), you buy an out of the money put while simultaneously writing a covered call on the same equity. The put protects your position against price drops and writing the call produces income that offsets the put premium. Doing this limits your tendies (you can only profit up to the strike price of the call) but also writes down your risk. If you screen large volume trades with a VOL/OI of more than 3 or 4x (and they're not bullshit biotech stocks), you can sometimes see these being constructed in real time as hedge funds protect themselves on their shorts. (3) All About ISDAs, CDS and Synthetic CDOs You may have heard about the mythical ISDA. Much like an indenture (discussed in my post on $F), it's a magic legal machine that lets you build swaps via trade confirms with a willing counterparty. They are very complicated legal documents and you need to be a true expert to fuck with them. Fortunately, I am, so I do. They're made of two parts; a Master (which is a form agreement that's always the same) and a Schedule (which amends the Master to include your specific terms). They are also the engine behind just about every major credit crunch of the last 10+ years. First - a brief explainer. An ISDA is a not in and of itself a hedge - it's an umbrella contract that governs the terms of your swaps, which you use to construct your hedge position. You can trade commodities, forex, rates, whatever, all under the same ISDA. Let me explain. Remember when we talked about swaps? Right. So. You can trade swaps on just about anything. In the late 90s and early 2000s, people had the smart idea of using other people's debt and or credit ratings as the variable leg of swap documentation. These are called credit default swaps. I was actually starting out at a bank during this time and, I gotta tell you, the only thing I can compare people's enthusiasm for this shit to was that moment in your early teens when you discover jerking off. Except, unlike your bathroom bound shame sessions to Mom's Sears catalogue, every single person you know felt that way too; and they're all doing it at once. It was a fiscal circlejerk of epic proportions, and the financial crisis was the inevitable bukkake finish. WSB autism is absolutely no comparison for the enthusiasm people had during this time for lighting each other's money on fire. Here's how it works. You pick a company. Any company. Maybe even your own! And then you write a swap. In the swap, you define "Credit Event" with respect to that company's debt as the variable leg . And you write in... whatever you want. A ratings downgrade, default under the docs, failure to meet a leverage ratio or FCCR for a certain testing period... whatever. Now, this started out as a hedge position, just like we discussed above. The purest of intentions, of course. But then people realized - if bad shit happens, you make money. And banks... don't like calling in loans or forcing bankruptcies. Can you smell what the moral hazard is cooking? Enter synthetic CDOs. CDOs are basically pools of asset backed securities that invest in debt (loans or bonds). They've been around for a minute but they got famous in the 2000s because a shitload of them containing subprime mortgage debt went belly up in 2008. This got a lot of publicity because a lot of sad looking rednecks got foreclosed on and were interviewed on CNBC. "OH!", the people cried. "Look at those big bad bankers buying up subprime loans! They caused this!". Wrong answer, America. The debt wasn't the problem. What a lot of people don't realize is that the real meat of the problem was not in regular way CDOs investing in bundles of shit mortgage debts in synthetic CDOs investing in CDS predicated on that debt. They're synthetic because they don't have a stake in the actual underlying debt; just the instruments riding on the coattails. The reason these are so popular (and remain so) is that smart structured attorneys and bankers like your faithful correspondent realized that an even more profitable and efficient way of building high yield products with limited downside was investing in instruments that profit from failure of debt and in instruments that rely on that debt and then hedging that exposure with other CDS instruments in paired trades, and on and on up the chain. The problem with doing this was that everyone wound up exposed to everybody else's books as a result, and when one went tits up, everybody did. Hence, recession, Basel III, etc. Thanks, Obama. Heavy investment in CDS can also have a warping effect on the price of debt (something else that happened during the pre-financial crisis years and is starting to happen again now). This happens in three different ways. (1) Investors who previously were long on the debt hedge their position by selling CDS protection on the underlying, putting downward pressure on the debt price. (2) Investors who previously shorted the debt switch to buying CDS protection because the relatively illiquid debt (partic. when its a bond) trades at a discount below par compared to the CDS. The resulting reduction in short selling puts upward pressure on the bond price. (3) The delta in price and actual value of the debt tempts some investors to become NBTs (neg basis traders) who long the debt and purchase CDS protection. If traders can't take leverage, nothing happens to the price of the debt. If basis traders can take leverage (which is nearly always the case because they're holding a hedged position), they can push up or depress the debt price, goosing swap premiums etc. Anyway. Enough technical details. I could keep going. This is a fascinating topic that is very poorly understood and explained, mainly because the people that caused it all still work on the street and use the same tactics today (it's also terribly taught at business schools because none of the teachers were actually around to see how this played out live). But it relates to the topic of today's lesson, so I thought I'd include it here. Work depending, I'll be back next week with a covenant breakdown. Most upvoted ticker gets the post. *EDIT 1\* In a total blowout, $PLAY won. So it's D&B time next week. Post will drop Monday at market open.
Some binary options contracts do not even require the trader to get the direction of the asset correct. For instance, trading the OUT contract will need the asset to hit one price boundary or the other for profit to be made. So it takes the trader being able to identify a suitable trade contract to be able to fashion a suitable strategy. What is used to trade the Up/Down contract is not the ... 13- Binary options Strategy 60/2. Binary options 60/2 offer the possibility of obtaining rapid gains, but it is essential to apply a good method to use them to the fullest. 14- Options Strategies 5 minutes. It is always convenient to invest in binary options with a maturity of at least 5 minutes. This binary options strategy will let you know ... Profitable binary options trading strategies combine only the most efficient choices. This is the technique I developed trading binary options. This is the technique I want to share with you today. This technique generated 150% return by risking only 5% per trade “End of Day”options Something your broker doesn’t want you to know. Back in 2013 I started to experiment with strategy and ... Before learning how to make money trading binary options you need a great Binary Options broker. You can’t start hitting home runs right out the gate without making sure you have a binary options broker who wants you to succeed. Secondly, you need a strategy based trading technique to reveal the market direction. You only need to forecast if the price will be up or down during the next 60 ... Frankly knowing what I know now and knowing the strategies that are in NADEX Weekly Binary Options MASTERS program in addition to our others MASTERS programs, if I were you, I would join this one and the others and accumulate strategies while mastering each strategy to the point where you have it down pat. By doing so, not only can the prospect of Financial Freedom become a very real ... Binary Options Weekly Strategy, forex hudinge, apa itu futures & opsi di pasar saham, next new promising cryptocoins 2020 Start trading binary options now. The popular strategies to go for are: I – Fundamental Analysis Strategy. This strategy is concerned with the analysis of the behavior of the overall performance or attributes of a company. As an investor or trader in binary options, you are interested in knowing about the health of the balance sheet, income statement and the cashflow statement of the company ... Trading Binary Options is a strategic primer on effectively navigating this fast-growing segment. With clear explanations and a practical perspective, this authoritative guide shows you how binaries work, the strategies that bring out their strengths, how to integrate them into your current strategies, and much more. This updated second edition includes new coverage of Cantor-Fitzgerald ... Trading binary options: strategies and tactics Abe Cofnas. An essential guide to the fast growing area of binary options Long the province of professional traders, binary options are now offered to retail investors through the North American Derivative Exchange (Nadex) and a growing group of online brokerages. Now, with this new book, author Abe Cofnas explains how independent traders and ... Overview: Binary Options Strategies. The key elements of your binary options trading strategy should include:. The type of binary option used; When to use it; The amount to trade; Your exit plan ...
IQ Options -https://affiliate.iqoption.com/redir/...Please subscribe and leave a like for more videos.Online trading is a very risky investment/profession. It i... It's only $14 for 14 days to come and trade with us every day. Visit our site to learn everything we offer and how we can help you out! www.binarytradegroup.... NADEX Weekly Options System1 Leverage the Power of Unique Weekly Binary Options Offered by NADEX Binary Options Exchange for a More Simple Way to Collect Another Potential Weekly Paycheck from the ... Trading Weekly Options Strategies Trading Live 1 million challenge ... (Options Trading Strategy Tutorial) - Duration: 31:31. projectoption 36,233 views. 31:31. June3-13 Market Moves Daily ... Subscribe to get strategies. Lessons and tutorials on forex trading and binary trading Join my telegram group https://t.me/themobiletrader Create a free acco... Learn how to make money in binary options by not having to pick a direction. Learn how to trade binary options strangles on nadex with our WANGULATOR STRANGLE System for NADEX Weekly Binary ... NADEX Weekly Binary Options MASTERS Review. Binary Options MASTERS - Super Strategy Trader Mastery Learning Membership Go Here for More Info: http://binaryop... http://www.binaryoptionsbonus.net - to sign up for the FREE Binary Options Trading Course. Binary Options Weekly for the Week Ending July 16, 2010: A High Pr...