How to Succeed with Binary Options Trading at Home 2020

RICH JAP – WHY YOU WILL NEVER MAKE MONEY IN BINARY OPTIONS – THE BIGGEST SCAM EVER

RICH JAP – WHY YOU WILL NEVER MAKE MONEY IN BINARY OPTIONS – THE BIGGEST SCAM EVER submitted by emadbably to OptionsInvestopedia [link] [comments]

How Binary Options trading works? As the name suggests, trading in binary options offers two opposite outcomes – wrong or right – with no grey area in the middle. The investor places money on an asset, predicting that it will either rise above or fall below a specific point in a certain timeframe.

How Binary Options trading works? As the name suggests, trading in binary options offers two opposite outcomes – wrong or right – with no grey area in the middle. The investor places money on an asset, predicting that it will either rise above or fall below a specific point in a certain timeframe. submitted by Binaryopts to u/Binaryopts [link] [comments]

How Binary Options trading works? As the name suggests, trading in binary options offers two opposite outcomes – wrong or right – with no grey area in the middle. The investor places money on an asset, predicting that it will either rise above or fall below a specific point in a certain timeframe.

How Binary Options trading works? As the name suggests, trading in binary options offers two opposite outcomes – wrong or right – with no grey area in the middle. The investor places money on an asset, predicting that it will either rise above or fall below a specific point in a certain timeframe. submitted by Binarypro2020 to u/Binarypro2020 [link] [comments]

Israeli lawmakers have finally passed a law they say will ban Israel’s notorious binary options industry, which has brought in $10 billion a year. The money was made by scamming millions of people around the world.

submitted by newsens to worldpolitics [link] [comments]

Free Airdrop. Receive 1,000 EOPT Easy Option exchange tokens (value 200.00) for following on Telegram!!

Want a free airdrop. Easy $200!
What is EOPT?
EOPT is the token of EasyOption.io, which is the first global cryptocurrencies binary options trading platform. An in-the-money binary option offers up to 96% of profit per minute. With Binary Options one can speculate on the price movements of cryptocurrencies, such as BTC, EOS, ETH.
WHAT will EOPT be used for?
🔴 EOPT is used to speculate the prices in EasyOption.io.
🔴 The first 1000 holders of EOPT will be rewarded of 100,000 EOS by EasyOption.io.
🔴 EOPT will be traded on exchange very soon.
🔴 1 EOPT = $0.2
How to participate in EOPT airdrops?
💥💥1000 EOPT AIRDROP 💥💥
http://airdrop.easyoption.io/#sdg3vfrg60p
💰Invite your friends, you have the opportunity to divide 100,000 EOS!!!💰
🔴1 more invitation = 1000 EOPT
submitted by Cryptonomad12345 to AltcoinBeginners [link] [comments]

SNAP preview, expected move and spread strike selection

SNAP preview, expected move and spread strike selection
  • Snap (SNAP) reports q2 earnings after the close Tuesday (~4:10pm)
  • Options are pricing an expected move of 12% by this Friday. That is the bulk of the move expected over the next month, which is about 15%.
  • Snap closed higher by about 36% in the day following its most recent earnings (in April)
  • Snap has beaten consensus estimates 7 out of the last 8 times.

https://preview.redd.it/d5e4r4ho28c51.png?width=583&format=png&auto=webp&s=9790a1e378ed329c5d66910d814093260814f70d
Neutral - The first thing to look at is a neutral position, selling to both the bulls and the bears. Here are two neutral trades setting breakevens at or near the expected move. First selling the +21.5/-22.5/-28/+29 Iron Condor (condor chart)
In this case the risk reward is $56 to make $44. If the stock closes anywhere between 22.5 and 28 on Friday it is a max gain. Any close beyond 21.5 or 29 and a max loss. The breakeven is 22.06 on the downside and 28.44 on the upside.
That trade establishes a range of max profit, for those targeting no move at all, with the stock remaining at 25 selling an Iron Butterfly has max profit at the 25 level with profits trailing off towards the expected move and losses beyond: Fly chart
Both of these trades are binary, isolating this week and what is likely to be a mostly one day move tomorrow.
Bullish - For those thinking directionally the expected move can be used to help determine strike selection. Here's a bullish price target looking out a bit further in time, to August expiration: Trade comparison.
In this case both the August long call spread (+25/-29) and the August short put spread (-25/+21) take advantage of multi leg strike selection based on the expected move. The short put spread is "selling to the bears" and is profitable from 22.57 and higher with a max gain if the stock is above 25 on August expiration. The long call spread has a higher breakeven, but by selling the 29 call at a high upside volatility, is much cheaper than an outright 25 call.
Bearish - The same is true for a bearish target in line with the expected move but the short call spread is at a slight disadvantage due to having to buy the upside call at a similar or higher IV than the at the money call sale: Trade comparison
Full post here.
submitted by cclagator to options [link] [comments]

Since 1983, I have lived, worked and raised a family in a progressive, egalitarian, income-sharing intentional community (or commune) of 100 people in rural Virginia. AMA.

Hello Reddit!
My name is Keenan Dakota, I have lived at Twin Oaks, an income-sharing, intentional community in rural Virginia for 36 years, since 1983. I grew up in northern Virginia, my parents worked in government. I went to George Mason University where I studied business management. I joined Twin Oaks when I was 23 because I lost faith in the underpinnings of capitalism and looking for a better model. I have stayed because over time capitalism hasn't looked any better, and its a great place to raise children. While at Twin Oaks, I raised two boys to adulthood, constructed several buildings, managed the building maintenance program, have managed some of the business lines at different times.
Proof this is me. A younger photo of me at Twin Oaks. Here is a video interview of me about living at Twin Oaks. Photo of Twin Oaks members at the 50th anniversary.
Some things that make life here different from the mainstream:
More about Twin Oaks:
Twin Oaks is an intentional community in rural central Virginia, made up of around 90 adult members and 15 children. Since the community's beginning in 1967, our way of life has reflected our values of cooperation, sharing, nonviolence, equality, and ecology.
We do not have a group religion; our beliefs are diverse. We do not have a central leader; we govern ourselves by a form of democracy with responsibility shared among various managers, planners, and committees. We are self-supporting economically, and partly self-sufficient. We are income-sharing. Each member works 42 hours a week in the community's business and domestic areas. Each member receives housing, food, healthcare, and personal spending money from the community.
We have open-slots and are accepting applications for new members. All prospective new members must participate in a three-week visitor program. Applicants to join must leave for 30 days after their visit while the community decides on their application.
We offer a $5 tour on Saturdays of the property, starting in March. More info here.
Ask me anything!
TL;DR: Opted out of the rat-race and retired at 23 to live in the woods with a bunch of hippies.
EDIT: Thanks for all the questions! If you want some photos of the farm, you can check out our instagram.
EDIT2: I'm answering new, original questions again today. Sort by new and scroll through the trolls to see more of my responses.
EDIT3: We DO have food with onion & garlic! At meals, there is the regular food, PLUS alternative options for vegan/vegetarian/no gluten/no onions & garlic.
EDIT4: Some of you have been asking if we are a cult. No, we are not. We don't have a central leader or common religion. Here are characteristics of cults, FYI.
Edit: Yikes! Did I mention that I am 60? Reddit is not my native land. I don't understand the hostile, angry and seemingly deliberately obtuse comments on here. And Soooo many people!
Anyway, to the angry crowd: Twin Oaks poses no threat to anyone, we are 100 people out of a country of 330 million? Twin Oaks reached its current maximum population about 25 years ago, so not growing fast, or at all. Members come and go from Twin Oaks. There are, my guess is, 800 ex-members of Twin Oaks, so we aren't holding on to everyone who joins—certainly, no one is held against their will.
Twin Oaks is in rural Virginia, but we really aren't insular, isolated, gated or scared of the mainstream culture. We have scheduled tours of the whole property. Local government officials, like building inspectors, come to Twin Oaks with some frequency. People at Twin Oaks like to travel and manage to do so. I personally, know lots of people in the area, I am also a runner, so I leave the property probably every day. There are lots of news stories about Twin Oaks over the years. If you are worried about Twin Oaks, maybe you could go read what the mainstream (and alternative) media have to say.
Except about equality Twin Oaks is not particularly dogmatic about anything. (I know some people at Twin Oaks will disagree with that statement.) Twin Oaks isn't really hypocritical about Capitalism, Socialism, or Communism, we just don't identify those concepts as something that we are trying to do. Twin Oaks is not trying to DO Communism, we are trying to live a good life with equally empowered citizens—which has led us to try to maintain economic parity among members. Communists also do that. In making decisions in the community I don't remember anyone trying to support or oppose an idea due to excess or insufficient Communism, Socialism, or Capitalism. In most practical senses those words aren't useful and don't mean anything. So, no need to hammer Twin Oaks for being insufficiently pure, or hypocritical.
Twin Oaks is very similar to the Kibbutz in Israel. If anyone has concerns or questions about what would happen if places like Twin Oaks suddenly became much larger and more common, read about the history of the Kibbutz, which may have grown to possibly 1% of the population at their largest? There was and is no fight with Capitalism from the kibbutz—or with the State. My point is—not a threat.
To the other people who think that the ideas of Twin Oaks are interesting, I want you to know it is possible to live at Twin Oaks (or places like Twin Oaks) and happily live ones entire life. There is no central, critical failing that makes the idea not work. And plenty of upside. But do lots of research first. Twin Oaks maintains a massive web site. (Anyway, it takes a long time to read.)
But what I would like to see is more people starting more egalitarian, income-sharing communities. I think that there is a need for a community that is designed and built by families, and who also share income, and provide mutual support with labor and money. If you love this concept, maybe consider gathering together other people and starting your own.
Ideologically speaking:
-Ecology: the best response to ecological problems is for humans to use fewer resources. The easiest way to use fewer resources is to share resources. Living communally vastly cuts down on resource use without reducing quality of life.
-Equality: ideologically speaking, most people accept the idea that all humans have equal rights, but most social structures operate in ways that are fundamentally unequal. If we truly believe in equality then we ought to be willing to put our bodies where our ideology is. In a truly equal world, the issues of sexism and racism and all other forms of discrimination would, essentially, not exist.
-Democracy: Twin Oaks uses all manner of decision-making models and tools to try to include everyone and to keep people equally empowered. There is no useful word for this. We do use a majority vote sometimes, as a fallback. But sometimes we use consensus. We sometimes use sociocracy (dynamic governance). The word "Isocracy" (decision-making among equals), would be useful to describe Twin Oaks' decision-making model, but Lev in Australia has written an incomprehensible "definition" on Wikipedia, that he keeps changing back when someone corrects it.
-Happiness: The overarching goal of all ideologies is to make people happy, right? I mean, isn't it? Capitalism is based upon the belief that motivation is crucial to human aspiration and success (and therefore more happiness). Under Capitalism, equality is a detriment because it hinders motivation (less fear of failure, or striving for success). Twin Oaks believes that humans are happier when they are equal, and equally empowered. So the place to start up the ladder of happiness is to first make everyone equal. Well, Twin Oaks is mainly still working on that first step.
EDIT5: Some have asked about videos - here are links to documentaries about Twin Oaks by BBC, VICE and RT.
submitted by keenan_twinoaks to IAmA [link] [comments]

A Brief introduction to African Socialism

At the end of the Second World War, Europe realized that their hold on their colonial holdings was slipping fast. Most of them began to draw up plans to gradually grant independence. The people within these countries however had different priorities. They saw their chance to break from the colonial masters and took it. In 1950, only Egypt, Liberia, Ethiopia, and South Africa could be considered independent, by 1965 the vast majority of nations were on their own. Some flourished, some languished, but almost all improved with their newfound freedom.
At this time, the world was locked in a struggle between Western Democracy and Communist Dictatorship. With little warning, a new theater opened in the Cold War. Africans were given the decision of who to side with. As an enemy of their former masters, the Soviet Union made a natural ally, and Socialism's anti-imperial (theoretic) stance appealed to people in post imperial regions of the world. Since independence, seventeen African nations have had a government which self-identified as socialist, six of those as Marxist-Leninist. Like Africa itself, socialist movements in the continent were varied and diverse. Ranging from self described socialist Nelson Mandella becoming celebrated world wide for his devotion to peace and equality to Ethiopian dictator Mengistu Haile Mariam, whose violence and economic mismanagement killed thousands.
The purpose of this post is to describe the ideological origins and tenets of African socialism, with a look at what makes it distinct from mainstream Communist movements. On this map red shows those states which identified as Marxist, yellow shows those which identified as with a variety of other forms of socialism, and green shows those which more closely fall under the Arab Socialist movement and will not be discussed here.

Ideological Origins

Broadly speaking, African Socialism drew inspiration from two main sources, the traditional body of socialist literature and that of the Pan-African movement.
Socialism
Both the ideological tenets of socialism and the practical concerns socialist nations played a role in African nations adopting socialism. Most of the nations of Africa were in a struggle for freedom from capitalist European countries and found a natural ally in the Soviet Union. Following WWII, it was in many ways a binary choice to side with the US or USSR. Those who led rebellions or coups against US backed leaders had few options other than the USSR.
Political concerns aside, there were many reasons why socialism was ideologically attractive to educated Africans. Socialism is at its base revolutionary. "Let the ruling classes tremble at a Communistic revolution. The proletarians have nothing to lose but their chains. They have a world to win. Workingmen of all countries unite!” With even a cursory glance at Marx, it doesn't take much imagination to see why people oppressed for decades would turn to him.
The anti-Imperial rhetoric of socialism (regardless of the actual aggression of the USSR and PRC) was another motivating factor. In this case, I point to Vladimir Lenin's Imperialism: the Highest Stage of Capitalism. In this work, Lenin points towards imperialism as a symptom of the capitalist system. However, one of the reasons this work remained applicable after the collapse of most overseas empires is due to his characterization of imperialism. One example he gives in the book speaks of US domination of the Argentine beef industry. According to Lenin, though the US never carved out a concession area or installed a governor general, they used economic power to dominate the industry and exert control over the country. This characterization rang true for many people who looked at the efforts taken by former colonial powers looking to retain their economic stakes in their old colonies.
One of the problems socialists face in implementing their policy is that Orthodox Marxism is heavily based on the conditions of 19th century Western Europe, and when applied outside of those conditions, thinkers need to reconcile the inconsistencies with the conditions on the ground. While we will look at how various African leaders adapted the ideology, one sub-ideology which played a major role in African Socialism was Maoism. Orthodox Marxism focuses heavily on a revolution based around industrial workers. Early 20th century China, much like post-colonial Africa had little in the way of industry. Mao re conceptualized the idea of the proletariat to include peasant farmers and made the revolution as agrarian as it was industrial. For example, the first president of Socialist Madagascar released an ideology book heavily inspired by Mao's Red Book. China also served as an alternative source of support in the event of a conflict with Russia; Somalia received aid from the PRC when they were at war with Soviet aligned Ethiopia.
Pan- African Movement
The Pan-African movement did not solely influence the African Socialist movement. In fact, almost all post-colonial governments took inspiration from many of the tenets of movement. Nor were all the central figures socialists, indeed Emperor Halie Salassi of Ethiopia was about as far from socialist as could be. However there was a degree of mutual influence in a number of places. The start of it can be traced to Jamaican thinker Marcus Garvey. The Pan-African colors and the icon of the Black Star both came from him. Kwame Nkrumah mentioned him directly as an influence. This remained on the nationalist and pan-nationalist side of African socialism. This and racial empowerment remained a constant theme in African socialism, with many African thinkers rejecting class reductionism. African's tended to be acutely aware of the role of race in world politics and used it in conjunction with class and capitalist interest to explain the world.
Another major thinker was American W. E. B. du Bois. One of the founding members of the NAACP and author of one of the first sociological works about African Americans, Du Bois is one of the most important figures of the American Civil Rights Movement. Du Bois was in reality a Social Democrat, who often saw world communist governments as a means to an end for black people. In Socialism and the American Negro, he referred to the New Deal as a America's foray into Socialism. Though a stalwart supporter of democracy he visited Mao Zedong and Joseph Stalin personally. He was a strong opponent of colonization and spoke to young leaders in the 1945 Pan-African congress. There he met future President of Ghana Kwame Nkrumah. He would become a mentor to Nkrumah and move to Accra in his final days.

Non-Marxist-Leninist Socialism

Many of the most interesting and successful movements in Africa were non-Marxist-Leninist. They took local beliefs and attitudes and molded socialism to fit them. These were incredibly diverse, ranging from forms of social democracy to far more authoritarian structures. The leaders ranged from educated elites to guerrilla leaders. The first socialist governments sprang up at independence and continued through the Cold War. These are some of the more notable ones.
Consciencism
Few other thinkers have had near the lasting influence on African politics and philosophy as Kwame Nkrumah. Born to a poor family in the British Gold Coast, Nkrumah was sent to school by his family where he excelled. Interested in Politics and Philosophy, he saved money to pay to visit the United States. He worked menial jobs to put himself through school at Lincoln University and University of Pennsylvania. In the US he became close to expat and American leftists as well as enjoying African American culture. After graduating he went to the London School of Economics. This is where he began political organizing. He returned to the Gold Coast where he founded the Convention People's Party. When the British began increasing local rule, his party swept. When the British did not meet the demands of the Ghanian people, he became a champion of the people with his down to earth nature and organization of general strikes. When Ghana was given full independence, he was the overwhelming choice.
A strict empiricist, Nkrumah sought to make an organic political philosophy that was designed to change as the material needs of the country changed. He determined that the welfare of the individual was the most important concern of the government and society. It was from this lens that he criticized capitalism, contending that it reduced man to a means to achieving the goal of profit. He pointed to traditional African values, Islam, and European influences as the three ideological tides that shaped Africa. The latter two he condemned, though admitted their merits where he saw them (such as the French education system), and gave qualified approval to the first. African society was to be, in spirit but not practice the driver of society. This meant that pan-Africanism and historical study were to be focused on, but the actual institutions such as tribalism, traditional monarchy, and class hierarchies were to be abandoned.
This is where socialism came into Nkrumah's Consciencism. It was not out of devotion to Marxist thinking, but out of a belief that socialist economic structures would be the most effective way of leading the country to prosperity. In a 1967 address he gave in Egypt he stated "Socialism is not spontaneous. It does not arise of itself. It has abiding principles according to which the major means of production and distribution ought to be socialized if exploitation of the many by the few is to be prevented; if, that is to say, egalitarianism in the economy is to be protected. Socialist countries in Africa may differ in this or that detail of their policies, but such differences themselves ought not to be arbitrary or subject to vagaries of taste. They must be scientifically explained, as necessities arising from differences in the particular circumstances of the countries themselves." To Nkrumah, Socialism was not prescriptive, but rather a process where one used communal ownership as needed to create a better society. He was a believer in the idea of scientific socialism in believing that socialism came from the natural needs of the people, rather than an ideological devotion.
Ujamaa
If Nkrumah was a product of the study of Philosophy, Julius Nyerere was a product of the study of anthropology and history. Unlike Nkrumah, Nyerere was the product of elite lineage. His father was a chief who earned the favor of both the German, and later British Administrations in Tanganyika. He was chosen by the British to receive education to be a local leader and studied at Makerere College before finishing his post graduate work at University of Edinburgh. Upon returning, he founded the Tanganyika African National Union, which pushed for independence from the UK through non-violent protest.
His philosophy of Ujamaa, meaning familyhood in Swahili, became the guiding ideology of the party and independent Tanganyika (and Tanzania after their unification with Zanzibar). In this ideology, Nyerere posits that socialism is the natural state of African people. Before the introduction of Western influences, African people lived in an equal and communitarian society. While he admits the existence of elites he countered that the relative equality of means meant that there was no comparison to modern economic structures. For Africans to be prosperous, they had to return to the social structures as well as the spirit of pre-colonial Africa, while accepting modernizations that would benefit the common man.
He posited that African society had a natural social value attached to work, and this work was done, not to the benefit of a capitalist elite, but to the benefit of society, thus with the fruits of labor belonging to society, they could be considered socialist. Through a return to these structures, they could have a socialist society that was structured on the needs of Africans, rather than those of 19th century Europeans. He regarded Marxists as rigid and dogmatic, stating that, "The works of Marx and Lenin are regarded as holy writ… We find them condemning others actions because they do not accord with what the 'priests of scientific socialism' have decided is the true meaning." His ontology marked the community as the basic unit. He believed in socialism through consent of the people, but not necessarily through democracy.

Marxist-Leninism

Marxist-Leninist nations in Africa tend to fill a different niche that those of non-Marxist states. Non-Marxist states tended to grow from movements within the countries with a locally based variant of socialism guiding the development of government structures. Marxist states on the other hand tended to come from the geopolitical needs of the nation. They tended to lean heavily into the support of the Soviet Union or People's Republic of China. These governments tended to be criticized by Orthodox Marxists both within the countries and abroad for simply slapping a Marxist aesthetic on a run of the mill authoritarian state. This is not universal, and depended on the leader and movement. Thomas Sankara (referred to as the African Che Guevara) is celebrated by leftists for his attempts to organize Burkina Faso, whereas his successor Blaise Compaoré simply co-opted Marxist symbolism until the end of the Cold War when it was dropped entirely. The two states I will profile show a best and worst case for African Marxists.
Benin
Nothing I write would be complete without me mentioning Benin somewhere. The Republic of Dahomey gained its freedom from France August 1st, 1960. At that time Hubert Maga, a school teacher turned politician from the North was named first president. Benin is divided into three broad super-cultural groups (though there are a total of 64 ethnic groups). The Fon in the South, the Yoruba in the East, and the Bariba and other Muslims in the North. The Maga government was soon overthrown and the country rapidly switched between a number of governments, each dedicated to giving as much as possible to their constituent area before being removed from office.
This changed in 1972 when a young army officer named Mathieu Kerekou led a successful coup. Kerekou was different in the sense that he had no real ties to any of the political families that had been competing for power. He also ended the system of clientism that had defined Dahomeyan politics to that point (though some contend he showed bias against the Fon. Strongly nationalistic, Kerekou made his hatred for the French clear early on, pointing to them as the cause of many of the country's problems and the patron of the old regime.
In 1974, Kerekou changed the country's name from the Republic of Dahomey to the People's Republic of Benin and formally adopted Marxism-Leninism as the guiding ideology of the nation. Oil reserves and refineries as well as the banking system were rapidly nationalized and Kerekou made overtures to international communist nations for aid. Austerity programs were also quickly ended. The North Koreans were particularly close allies. Curiously, Kerekou worked to retain warm relations with the United States. Peace Corps remained in operation through his entire presidency and working in the American embassy was considered a strong stepping stone.
The practical effects for the average Beninese person varied from urban to village. Local leaders were required to be members of the People's Revolutionary Party, and extreme corruption and inefficiency meant that few resources radiated outside of population centers. Instilled with a strong labor union tradition during French occupation, the national labor movement was consolidated into a single approved union that was basically mandated to follow government orders. Unionized workers as well as students were the chief opponents of the regime and faced significant surveillance and harassment.
This started to change in the mid 80s as it became clear that the regime's economic reforms weren't working. Benin was lagging behind its neighbors Ghana, Togo, and Nigeria. On top of this, student groups and workers in unofficial unions were demanding change. Simultaneously, the election of Francois Mitterrand in France opened a new era in Franco-Beninese relations, shifting the nation back to Western alignment away from the moribund USSR. Under mounting pressure, Kerekou agreed to a constitutional referendum and free elections. Upon his loss, he gracefully stepped down in 1991, but was reelected in 1996. Having dropped Marxism, he led his second term as a moderate liberal, doing little to harm the economic and political reforms of the early 90s.
Ethiopia
Ethiopia, on the other hand, faced the fullest horror of Communism and likely suffered to a similar extent to Ukraine and China. In 1970, the Solomonic Dynasty leading the Empire of Ethiopia was one of the oldest royal houses in the world dating back to 1270 and drawing its lineage back to the Biblical King Solomon. Their last Emperor was Halie Selassie, celebrated among Pan-Africanists as one of the only African leaders to resist colonization. Though celebrated by the diaspora, Selassie's rule was authoritarian and secretive. In 1973, a famine hit Ethiopia. Rather than petition for aid Selassie covered it up, and only accepted aid on the contingency that it was given in secret. The inaction of the Emperor prompted a revolutionary council known as the Derg to take over.
This council quickly moved to numerous industries. Eritrean, Tigre, and Somali nationalists took advantage of the situation to launch offensives against the government. When the Carter Administration warned the Derg to cease the human rights violations they were committing in the crackdown, they cut ties with Washington and invited East-German and Soviet military advisors. In the Tigre region, the Ethiopian military embarked on a scorched earth offensive to quell the rebellion. Using such tactics in a nation with food security concerns was probably ill-advised. The offensive in the North consumed around two thirds of the national budget.
The problems the Derg had created were compounded in 1983. In 1982, the rains failed and there was risk of another great famine. Having become an international pariah due to the extreme violence of Derg forces, the international community was reluctant to give aid and the Reagan administration lobbied heavily against it as part of his campaign to halt Communism in the Horn of Africa. When the famine hit in earnest, the Derg mobilized to create collective farms. These farms were incredibly inefficient, consuming 82% of imported fertilizer while contributing only 15% of grain production. To staff these farms, people from offending areas, particularly Tigre were forcibly removed from their homes and shipped to location. Africa Watch estimates that around 50,000 people died on these farms alone, comparing conditions to the Ukrainian farms in the days of Stalin. In total, as many as 1.2 million people were killed, 2.5 million displaced, with Human Rights Watch estimating that around half could be attributed to government actions.

Conclusion

Socialism is a phenomenon that struck the African continent in many ways across the Cold War era and beyond. Its incarnations were as diverse as the groups it affected. This is by no means an exhaustive look at African socialism, but simply a chance for the reader to find a starting place for further study and give context to an under studied part of the world. Indeed, there were many important people and thinkers left out, such as Cheikh Anta Diop, Walter Rodney, and Siad Barre. Please let me know in the comments what if anything you would like to learn more about. If you found the philosophical analysis or historical fact more interesting, I would be happy to write more about it.
Sources African Socialism Revisited- Kwame Nkrumah
Ujamma – The Basis of African Socialism- Julius K. Nyerere
Drought, War, and the Politics of Famine in Ethiopia and Eritrea- Edmond J. Keller
Applying the weapon of theory: comparing the philosophy of Julius Kambarage Nyerere and Kwame Nkrumah- Tomáš František Žák
Three African social theorists on class struggle, political liberation, and indigenous culture : Cheikh Anta Diop, Amilcar Cabral, Kwame Nkrumah - Charles Simon-Aaron
Socialism and the American Negro- W. E. B. Du Bois
Benin- Chris Allen
submitted by Dibbu_mange to neoliberal [link] [comments]

The Importance of Freeform Character Creation in Cyberpunk 2077

I'm pretty sure people talked about this subject when the gender-optionless character creator was announced a while back, but I could find anything and maybe i have something unique to say. If not, let me know and I'll delete the post. I actually made this post a comment a day ago but I think that whole post got deleted so my comment's gone, too.
I've been seeing arguments about why genital customization is necessary, and the sexual nature of Cyberpunk 2077's universe. I can understand where these arguments are stemming from, especially from people who prefer gameplay and presentation over lore, immersion, and worldbuilding. Every facet of a game takes time and money to implement. Resources spent on one thing could have been spent somewhere else, and if an element is unused/underused/ignored, then it is effectively wasted resources. In this case, genital customization that you can't even see or really interact with at all outside character creation feels like a waste. Like getting a butt tattoo in a game that's never-nude.
However, this game is cyberpunk and cyberpunk is all about rebellion, using technology (whether digital or analogue) to advance beyond nature's intentions, and pure, uninhibited personal freedom. The societies of cyberpunk, megacorporation-run dystopian urban wastelands, aren't free at all, but that is the role of the cyberpunk: to battle that oppression and wrest their freedom from the chains of society. As a fiction, this narrative can be very cathartic or eye-opening for many people. Sex is a part of that. But, perhaps more broadly, total character customization, even parts you won't necessarily use, are a reflection of that freedom and rebellion.
Cyberpunk 2077's genderless character creation is a game-changer on a fundamental level. We're so used to binary character representation in games. Boy or girl. Gay or straight. Up or down. It's two-dimensional and not reflective of actual human experience. No fiction, or even art, can be a total reflection of human experience, but our job as artists is to constantly strive for greater heights, to push the envelope on what is expected, "normal." And I think that's a little cyberpunk in and of itself, too.
Without strict, binary gender selection, many people will get to create a more authentic experience for themselves than they have ever before. As a trans woman, I now get to be in a game. Trans characters exist in games (Poison, Birdo, Krem) but they've never been protagonists, and certainly never custom protagonists. This is a way to implement trans identities in numerous ways without explicitly making a "trans" option available at gender selection. In fact, having that option would probably result in some stereotypes being reinforced in terms of body diversity and gender presentation. But, with this subtle, loose body construction with voice actor selection, it's easier to place a queer experience without making it explicit. Queer, cis, gender-fluid; all these identities can be represented simultaneously.
Maybe your meticulously crafted micro-penis may never see the light of day in-game, but having that customization there says something about the themes of the game, the messages it wants to tell, and an avenue of representation for people who have been long ignored. This isn't about sex. It's about freedom. I think that's worth the extra effort.
submitted by AQA473 to cyberpunkgame [link] [comments]

My parents refuse to acknowledge that they’re transphobic/homophobic.

TW: Transphobia, homophobia
I (22F) am a straight and cis recent college graduate who is living with my parents (62M, 60F) while I save up for an apartment. My parents are very quick to say they are not WASPs (both were raised Catholic and working class) but that doesn’t mean they don’t have the WASP tendency of ignoring the outside world.
Mom & Dad will often complain about gay people, ask why they have to “show off their lifestyles” to everyone (ie pride month, parades), and will become visibly disgusted when they see a gay couple do as much as hold hands in public. When I call them out on their behavior, they will point to one of my mother’s cousins who is a lesbian, has lived with her partner for over 30 years and keeps in relative close contact with my mom as a reason for why they couldn’t possibly be homophobic.
Additionally, my mom’s best friend (who died a few years ago) has a child who recently came out as non-binary and now goes by the pronouns they/them. Mom learned about this via a text with the friend’s son (sibling of the non-binary child) and immediately called them weird. When I explained to her what it means, she continued to call them weird and brought it up to my father, ending up with them joking and laughing about “the alphabet people”. She hasn’t stopped misgendering the child, all the while paying lip service to the idea that she wants to support her late best friend’s kids.
On top of all of that, my parents laugh at the idea of transgender people, and when we were introduced to a trans woman out in public, my dad called her a “he/she” once we were home. When I told him she was a woman, he laughed and said, “Maybe to you, but to me that is a he/she.”
They’re also classist and racist in too many ways for me to get into.
In order to try to not get into a fight, I’ve avoided bringing up these topics at every turn, but they always come up. Their whole idea is that as long as they’re courteous in public, they can be as bigoted as they want in private.
Both of my siblings are out of the house. One is conservative and agree with them on all of this, while the other is non confrontational, so that only leaves me.
Leaving the house isn’t an option right now, I’m still trying to save enough money to find a good place. What can/should I do?
submitted by theunrealdonsteel to JUSTNOFAMILY [link] [comments]

2 months back at trading (update) and some new questions

Hi all, I posted a thread back a few months ago when I started getting seriously back into trading after 20 years away. I thought I'd post an update with some notes on how I'm progressing. I like to type, so settle in. Maybe it'll help new traders who are exactly where I was 2 months ago, I dunno. Or maybe you'll wonder why you spent 3 minutes reading this. Risk/reward, yo.
I'm trading 5k on TastyWorks. I'm a newcomer to theta positive strategies and have done about two thirds of my overall trades in this style. However, most of my experience in trading in the past has been intraday timeframe oriented chart reading and momentum stuff. I learned almost everything "new" that I'm doing from TastyTrade, /options, /thetagang, and Option Alpha. I've enjoyed the material coming from esinvests YouTube channel quite a bit as well. The theta gang type strategies I've done have been almost entirely around binary event IV contraction (mostly earnings, but not always) and in most cases, capped to about $250 in risk per position.
The raw numbers:
Net PnL : +247
Commissions paid: -155
Fees: -42
Right away what jumps out is something that was indicated by realdeal43 and PapaCharlie9 in my previous thread. This is a tough, grindy way to trade a small account. It reminds me a little bit of when I was rising through the stakes in online poker, playing $2/4 limit holdem. Even if you're a profitable player in that game, beating the rake over the long term is very, very hard. Here, over 3 months of trading a conservative style with mostly defined risk strategies, my commissions are roughly equal to my net PnL. That is just insane, and I don't even think I've been overtrading.
55 trades total, win rate of 60%
22 neutral / other trades
Biggest wins:
Biggest losses:
This is pretty much where I expected to be while learning a bunch of new trading techniques. And no, this is not a large sample size so I have no idea whether or not I can be profitable trading this way (yet). I am heartened by the fact that I seem to be hitting my earnings trades and selling quick spikes in IV (like weed cures Corona day). I'm disheartened that I've went against my principles several times, holding trades for longer than I originally intended, or letting losses mount, believing that I could roll or manage my way out of trouble.
I still feel like I am going against my nature to some degree. My trading in years past was scalping oriented and simple. I was taught that a good trade was right almost immediately. If it went against me, I'd cut it immediately and look for a better entry. This is absolutely nothing like that. A good trade may take weeks to develop. It's been really hard for me to sit through the troughs and it's been even harder to watch an okay profit get taken out by a big swing in delta. Part of me wonders if I am cut out for this style at all and if I shouldn't just take my 5k and start trading micro futures. But that's a different post...
I'll share a couple of my meager learnings:


My new questions :

That's enough of this wall of text for now. If you made it this far, I salute you, because this shit was even longer than my last post.
submitted by bogglor to options [link] [comments]

Survey Results Are In!

Hello comrades! Thanks to everyone who filled out the survey.
I'll break down the survey below for those who want a transcription of it or for those who want a more organized presentation instead of the raw data. Here is a link to the survey results. For comparison, here is the previous survey. Please discuss your thoughts on the survey in the comments, and also continue the conversation started in the old thread about what you want to see for the sub’s future
We had 600 responses to the survey, which given the size of the subscriber base is a statistically significant amount that we can confidently extrapolate from.
Question 1: Age demographics
We are trending younger than the previous survey, with zoomers making a major jump in demographics at the expense of 26-30 and 31-40 year olds. The early 20s seemed to hold relatively consistent. I am unsure if this means the old people are leaving or if more young people are joining. 25% of us are under 17, 29% are 18-21, 21% are 21-25, 14% are 26-30, and the rest are older.
Question 2: Gender Identity
Overall, we are very much dominated by men at 79.5% of the sub. There has been a slight decrease in male identification in favour of women and non-binary. But this is definitely a weakness of the sub. We need to work on ways to be more inclusive of non cis-male voices.
Question 3: How non-white are we
The answer is very mayonnaise at 76% non-PoC. We had an almost 5% drop from a year ago which is great but I think we can do much better.
Question 4: LGBTQ+
This one is much better. We seem to have a strong representation from LGBTQ+ folks which is consistent from last year, and it is good to see the number be pushed up by around 4 points from 32% to 36%.
Question 5: How non-cis are we
Considering around 3% of the population is trans according to GLAAD, we seem to have decent representation on the subreddit at 7.7%.
Question 6: Where do we live
This question is worth looking at on the google form. They all are, but this one particularly so what with all the different possible answers. Suffice it to say, we are very much situated in the imperial core. This is somewhat problematic but to be expected given the overall reddit userbase. This is something that we should definitely try to combat. Since last year it seems the US portion has decreased by around 5 points to favor eastern europe, canada, and some growth outside the imperial core.
Top five regions:
  1. US (52%)
  2. Western Europe and British Isles (tie at 9.8%)
  3. Canada (5.2%)
  4. Northern Europe (3.2%)
Question 7: Living environment
Largely unchanged from last year, socialism is split roughly evenly between city living and suburbia, with a small but important section living in a rural area.
Question 8: English
75% of the sub considers English to be their primary language, which is a slight drop from last year.
The top non-english primary languages are as follows in descending order:
  1. German
  2. Spanish
  3. Swedish
  4. Dutch
  5. Portuguese
  6. Italian
  7. Polish
  8. Romanian
  9. Turkish
  10. Hindi
Question 9: Religion.
We are largely not a religious sub, and the demographics here have largely not changed in the last year.
Top religious beliefs (above 1%) are:
  1. Atheist/non-religious-72%
  2. Spiritual but not religious- 11%
  3. Roman Catholic- 4%
  4. Protestant- 4.2%
  5. Buddhist- 1.8%
  6. Sunni Muslim- 1.7%
  7. Folk/Pagan- 1.5%
  8. Jewish- 1.3%
Honorable mention to the 5 people who wrote in "Materialist" lol, I like you.
Question 10: How long have you been a socialist
We've shifted down to subscribers having less overall experience with socialism, losing from all categories above 3 years and gaining on all the lower choices. This could be from an influx of new people from the election, and hopefully it does not mean we are losing more experienced folks in large numbers. Half of the sub has been a socialist for either a year or 3-5 years, with relatively even responses for the options on either end of the spectrum
Question 11: Education
We seem to be an educated group. Almost 50% of the sub either has a college degree or is actively pursuing one, with 12% of us having gone to college without achieving a degree. 20% are currently in secondary education. 7% have or are chasing a graduate degree, and 6% had their education stop at secondary level.
Question 12: Employment
37% of us are students who are not employed, and 18% of us are students with a job. 25% of us have a full time job, while 7% have a part time job and 7% are unemployed. Smaller amounts are either self-employed or of a non-working population.
Question 13: Relationship to production
Thankfully, 85% of us are either working class or dependents of working class folks. 5% are petite-bourgiosie small business owners or self employed. 3% of us are (hopefully class betraying) capitalists.
Question 14: Living situation
Pretty even split between renting our living situation and living rent free with family/friends. Of the rest, 13% of us have alternate living arrangements such as home ownership or mortgages.
15 and 16: Living conditions
The majority of us are at comfortable or adequate arrangements (around 80%), pointing again to reddit's overall demographic. 20% of us would describe their situation as poor. 41% of us did not have difficulty in in our budgets.
Top things socialism had difficulty affording over the last few months in descending order:
  1. Medical bills
  2. Necessary repairs such as home and auto
  3. Rent/mortgage
  4. Student loans
  5. Transportation
  6. Tendency
Time for the fun stuff. Top labels people use to describe their politics (over 5%) of socialism are in descending order:
  1. Socialist
  2. Marxist
  3. Communist
  4. Democratic Socialist
  5. Libertarian Socialist
  6. Marxist Leninist
  7. Anarchist and/or Anarcho-Communist
  8. Anarcho-Syndicalist
  9. Unsure
  10. Marxist Feminist
  11. Social Democrat
  12. Trotskyist
  13. Market Socialism/Titoist
  14. Leftcom
  15. Marxism-Leninism-Maoist and Communalist (tied)
More people are identifying as a tendency from the last survey, which means more people are reading
Questoin 18: Who are we reading
There were a lot of answers to this one, so I will just list our top ten most widely read or read about comrades
  1. Karl Marx (duh)
  2. Lenin
  3. Freidrich Engels
  4. Malcolm X
  5. Che
  6. Rosa Luxemburg
  7. Fidel Castro
  8. Angela Davis
  9. Leon Trotsky
  10. Pyotr Kropotkin
Overall as a sub I think we definitely need to read more. Its great that we can recognize the big names on that top ten list, but the real proof of how widely read our sub base is is in the smaller names. There are a lot of people on there I hope to see increase next time!
Honorable mentions from the write in list that got more than 2-3 submissions include Richard Wolff, Victor Serge, Daniel DeLeon, Stirner, and Assata Shakur
19: Working with liberals
This question not worded very well or needs to be broken up into a few different questions, as working with liberals can take many forms and is something the next survey will take into consideration. Showing up to a protest organized by a liberal NGO is very different than actively campaigning for a Democrat or other capitalist party. This is a question that will definitely change next time.
Anyhow, a majority of the sub supports working with liberal capitalist organizations; 40% in a limited capacity and 18% are fully on board for it. A strong majority opposes this kind of involvement, 21% saying they are generally opposed to the idea and 14% taking a principled stance against such tactics.
20: Organization
28% of us are actively organized in some way, which is great! But those are rookie numbers, we gotta pump those up. 29% of us are searching for an org in some way, and 28% are not actively looking but plan on doing so sometime in the future. 12% of us have no intentions of organizing.
21: Unions
A disappointingly large 76% of the sub have never been unionized. Given that a quarter of the sub is under 17, that's partially excusable but the rest of us need to get on it!
13% of the sub actively belongs in a union, and 5% have been in one in the past. 8 of us are actively organizing one, good on you!
21: Types of organization
For those that are organized, the most popular methods of organizing on socialism appears to be:
  1. Mainstream labor union (45%)
  2. Big tent parties such as DSA (35%)
  3. Non-party organization (20%)
  4. Explicitly radical labor unions (15%)
  5. Tendency specific revolutionary party (14%)
  6. Internationally affiliated party (10%)
  7. Tenants union (4%)
  8. Problems organizing
By far the largest stumbling block appears to be lack of options in a given geographic area. There's only one way to fix that however, these things don't just spring up out of the ground fully formed!
After that follows more access to information, more free time, too many shitty socialists, too much time spent working, more money, organizations not open enough, and transportation difficulties
  1. Organizational satisfaction:
Overall people seem to run the full spectrum of satisfaction with their organizations. 45% of those organized are happy with what they got, and 55 either see much room for improvement or are not happy with the organizations.
  1. How should socialism be achieved:
Overall we tend to be more revolutionary. Only a quarter of the sub takes a reformist stance which is good. Almost half the sub is open to seizing power through elections if it is possible, same with those who think we should explicitly have a revolution. Doing so using general strikes seems to win support from everyone. Overall, this is an important question that the sub does seem a bit split on.
  1. The struggles of oppressed groups:
This one had great responses. An overwhelming majority (87%) chose the correct response that socialism must fight form all struggles. There were a few different takes on the **wrong** answers, 7% think these struggles should be ignored until after the revolution and 2% actively call these issues divisive. I will politely yet firmly ask both of the latter to leave, or even better get educated.
  1. Free speech:
I seriously need to consider editing or removing this question because I am not sure what it really achieves.
41% of the sub rejects the existence of bourgeois rights in the first place. 43% acknowledge that free speech is a right but does not trust a capitalist state to honestly enforce it. 18% take an absolutist stance on it, and 22% are happy with how speech is currently treated under capitalism.
  1. Immigration:
There is roughly 2/3 split on this, the majority calling for open borders and the minority calling for some sort of loose restrictions but still maintaining freedom of movement.
  1. Planned economies:
Overall, the sub is in favor of planned economies, and are split over the question of more decentralized production for luxury goods or local community needs. Only 8% of the sub is totally against planning. This is a moderate change from the last survey where just over half the sub was for total planning.
  1. The future:
Just under half (48%) of the sub is unsure if they will live to see socialism, and 36% of the sub think they will. This is almost exactly the same as last time.
  1. State of the subreddit:
Most users have a positive time here, with 43% giving us a 4/5. This has also not changed much since the last survey. Hooray!
  1. How often do you use the sub:
We see a full spectrum of use. Fairly evenly split between a once or twice a month, a few times a week, and almost every day.
  1. Sub activity
Only 7% of the sub posts, and 31% comments. Not much to say here other than much more people are commenting now than they were a year ago, which is good for how we are able to engage folks!
  1. No Mods No Masters
I have to say I am seriously dissapointed with the subreddit here. Us mods are more or less unelected self appointed regulators, and 2/3 of the subs of a *socialist* subreddit passed on the opportunity to tell us to take our authority and jump in a lake. For shame smh.
  1. Mod Approval:
There seems to be an overall mandate from the users that we are doing a good job at keeping this a healthy place for socialists to interact with each other. Under 5% think we are doing a poor job.
  1. Modding Liberals:
Largely the same story here, though there is a bit of a jump in dissaproval. Overall the majority of the sub is happy with our stance on liberal politics, and 10% think we are not modding liberals correctly.
  1. US Election and the subreddit:
Sub seems a bit split on this, but overall the mandate appears to be to remove liberal content, emphasize organizing over voting, while not being super aggressive with banning politically center folks. Just over a third (37%) think socdem content should not be removed, but frankly I do not see our policy on supporting capitalist party content changing anytime soon
  1. Reading group:
58% of the sub would be interesting in some form of organized reading circles. Look out for this in the future, we are unsure how this will manifest but something will be decided on. We will probably have a separate thread for organizing this in the future to choose what pieces we should do, but feel free to spitball in the comments for the *form* you would like to see this take.
Cheers,
Mods Team
submitted by comradeMaturin to socialism [link] [comments]

MAME 0.222

MAME 0.222

MAME 0.222, the product of our May/June development cycle, is ready today, and it’s a very exciting release. There are lots of bug fixes, including some long-standing issues with classics like Bosconian and Gaplus, and missing pan/zoom effects in games on Seta hardware. Two more Nintendo LCD games are supported: the Panorama Screen version of Popeye, and the two-player Donkey Kong 3 Micro Vs. System. New versions of supported games include a review copy of DonPachi that allows the game to be paused for photography, and a version of the adult Qix game Gals Panic for the Taiwanese market.
Other advancements on the arcade side include audio circuitry emulation for 280-ZZZAP, and protection microcontroller emulation for Kick and Run and Captain Silver.
The GRiD Compass series were possibly the first rugged computers in the clamshell form factor, possibly best known for their use on NASA space shuttle missions in the 1980s. The initial model, the Compass 1101, is now usable in MAME. There are lots of improvements to the Tandy Color Computer drivers in this release, with better cartridge support being a theme. Acorn BBC series drivers now support Solidisk file system ROMs. Writing to IMD floppy images (popular for CP/M computers) is now supported, and a critical bug affecting writes to HFE disk images has been fixed. Software list additions include a collection of CDs for the SGI MIPS workstations.
There are several updates to Apple II emulation this month, including support for several accelerators, a new IWM floppy controller core, and support for using two memory cards simultaneously on the CFFA2. As usual, we’ve added the latest original software dumps and clean cracks to the software lists, including lots of educational titles.
Finally, the memory system has been optimised, yielding performance improvements in all emulated systems, you no longer need to avoid non-ASCII characters in paths when using the chdman tool, and jedutil supports more devices.
There were too many HyperScan RFID cards added to the software list to itemise them all here. You can read about all the updates in the whatsnew.txt file, or get the source and 64-bit Windows binary packages from the download page.

MAME Testers Bugs Fixed

New working machines

New working clones

Machines promoted to working

Clones promoted to working

New machines marked as NOT_WORKING

New clones marked as NOT_WORKING

New working software list additions

Software list items promoted to working

New NOT_WORKING software list additions

submitted by cuavas to emulation [link] [comments]

The Beginner's Guide to SPACs

What are SPACs?
A special purpose acquisition company (SPAC) is a company formed solely to raise capital through an initial public offering (IPO) for the purpose of acquiring an existing company. SPACs are also called “blank check companies” because they IPO without having any actual business operations.
SPACs are generally formed by investors, or sponsors, with expertise in a particular business sector, with the intention of pursuing deals in that area. The founders generally have at least one acquisition target in mind, but they don't identify that target to avoid extensive disclosures during the IPO process.
A SPAC generally has two years to complete a deal (by a “reverse merger”) or face liquidation. Companies aiming to go public with this route are typically 1x-5x larger in terms of market cap than the SPAC itself.
The SPAC Process
The money SPACs raise in an IPO is placed in an interest-bearing trust account. These funds can’t be used except to complete an acquisition or to return the money to investors if the SPAC is liquidated.
So, in practice, these companies will typically have a $10 floor on their share price, as that is what must be paid out to holders of shares if the company does not successfully reach a deal. If the deal is not completed in time, the warrants expire worthless and the remaining funds are distributed back to the shareholders.
After a SPAC has completed an acquisition the SPAC then trades as any other company listed on an exchange. If you came across a SPAC stock several years after the acquisition, you would likely have no idea it ever started as a SPAC unless you did some research into the company’s history.
Finally, the SPAC symbol and name will change to reflect the company that has been purchased. Often the SPAC takes on the name of the new company, but that is not always the case. If you own either common shares or warrants in your brokerage account, those shares will automatically be converted to the new name/symbol.
The SPAC is Back
SPACs were popular before the financial crisis, but use of SPACs declined following the market meltdown.
Recently, though, an excess of capital has led investors to seek out merger and acquisition opportunities more aggressively, and that's led to the return of SPACs.
More SPACs went public in 2018 than in any year since 2007, raising more than $10 billion in capital for use in searching for investment opportunities. In 2019, the figure was even higher $13.6 billion —more than four times the $3.2 billion they raised in 2016.
SPACs have also now also attracted big-name underwriters such as Goldman Sachs, Credit Suisse, and Deutsche Bank, as well as retired or semi-retired senior executives looking for a shorter-term opportunity.
Through May 2020, $9.8 billion has been raised in 21 SPAC IPOs.
Recent High Profile SPACs
Example 1: SPCE. Before it was Virgin Galactic, it was a SPAC trading under the ticker IPOA. Social Capital Hedosophia raised over $650 million in 2017.
Example 2: DKNG. Before it was Draft Kings, it was Diamond Eagle Acquisition Corp. The SPAC originally raised $350 million in May 2019, listing its units under the symbol DEACU, which comprised common shares and 1/3 warrants. When the investors approved the merger, the SPAC's common shares traded at $17.53, a 75% return from the $10 offer price.
Example 3: NKLA. Before it was Tesla-killer Nikola, it was VTIQ. VectoIQ Acquisition raised $200 million in a May 2018 IPO. In March 2020, the SPAC agreed to merge with Nikola Corp at an implied enterprise value of about $3.3 billion. The rest is history.
Units, Shares and Warrants
Units
When the IPO occurs, a SPAC generally offers Units – generally at $10 per Unit. These Units are comprised of one share of common stock (Share) and a Warrant (or portion of a warrant) to purchase common stock (generally exercisable at $11.50).
Depending on size, prominence/track record of sponsors, and investment bank leading IPO, Units may consist of one Share of common stock plus one full Warrant, ½ of one warrant or ⅓ of one warrant.
Shortly after the IPO, the common stock (Shares) and Warrants included in SPAC Units become separable. At that point, the Warrants and Shares trade separately alongside the unseparated Units.
Shares
SPAC common stock is linked to the SPAC’s secure trust account. SPACs are structured such that the trust account contains at least $10.00 per public share.
Liquidity may be limited in the open market for Shares but the defined liquidation term of SPAC common equity can provide for a relatively attractive yield with an option to own a SPAC's future acquisition target.
If the SPAC fails to complete a business combination in the required timeframe, all public shares are redeemed for a pro rata portion of the cash held in the trust account.
Companies will typically have a $10 floor on their share price, as that is what must be paid out to holders of shares if the company does not successfully reach a deal.
Warrants
A warrant is like an option but traded like a stock. Warrants provide the owner the right (but not the obligation) to purchase one share of the underlying company at a predetermined price per warrant – typically at $11.50.
Almost all SPAC Warrants have a five-year term after any merger has been consummated. However, SPAC warrants, expire worthless if the SPAC can't close a business combination, are thus a binary bet on a five-year warrant on a hypothetical future company.
Warrants become exercisable only if the SPAC completes a business combination transaction before the specified outside date.
The speculative nature of this Warrants tends to lead to wild price swings.
SPAC Tickers
SPAC Shares typically trade with a four-character ticker – eg. MNCL
The SPAC Units are identified as the Share ticker plus “U” at the end – eg MNCLU
Finally, the Warrants are the Share ticker plus “W” at the end – eg MNCLW.
submitted by SPACvet to SPACs [link] [comments]

Practicing SR since July 2017; currently have a 3+ month streak

2 accounts got shadowbanned for uploading this post. Spam filter kept on removing it this post. Messaged the moderators, but received no answer. Removed many links, so check post history for full version.

First time making a Reddit post. Estimated Reading Time: 15 minutes
Brief summary of post:
  1. History of Journey
  2. Using Subliminals (affirmations converted into audio) to reprogram the subconscious, overcome nocturnal emissions, and turbo-charge the Law of Attraction
  3. Experience from meditation retreats
  4. Massive booklist covering psychotherapy, spirituality, and general books such as negotiating and advanced social skills
  5. Fundamental shifts that occurred
  6. Experiences with semen-retention benefits
  7. How I overcame and conquered negative entities
  8. Tantric meditation method that actually works with zero side effects
  9. Experience on speaking Japanese for 1 full hour with native speakers without notes after 3 months of learning

Terminology:
Wet dream/WD – sexual dream causing semen emission while sleeping
Nocturnal Emission/NE – semen emission occurring while sleeping even without dreaming
Semen-retention/SR streak – avoiding porn, masturbation, and ejaculation whether conscious or unconscious
Nofap Hardmode – avoiding porn, masturbation, and conscious ejaculation. Unconscious ejaculation/WD is considered fine.

As the title suggests, my current streak started in the middle of June 2017. Haven’t watched any porn or masturbated in 3 years. Experienced almost all the benefits such as massive attraction (men, women, children), an aura/energy surrounding me, enhanced charisma, less need for sleep, insane levels of energy, drive, and motivation, zero anxiety or fear, massive confidence occasionally bordering on arrogance, increased manifestation/LOA, people admiring/respecting me for no reason, online attraction, less procrastination, better athletic performance, greater creativity/intelligence, the desire to live a purposeful life, greater emphasis on spirituality, and much much more. Could probably write several posts just on the benefits themselves. Only thing that didn’t improve was my skin, which was later fixed using subliminals.
It’s been a long journey, so I’ll start with background information, and later elaborate on how I managed to go from nocturnal emissions every 5 days (avg) to having a perfect SR streak for 3 months.
Used to watch anime which led to hentai (2013), and eventually western/japanese porn. Don’t even bother to search these terms on Google. It’s not worth it. Thankfully, those days are long behind me. As a side-note, I discovered the nofap/semen-retention subreddit in November 2017. Didn’t even know about SR before that.
I was raised a Catholic in a fairly religious family. Always started various streaks, and eventually broke them due to boredom/emotional coping/curiosity about new videos. Thankfully, I got good grades, read books, and was interested in self-development, but all that time spent on porn was a complete waste. Assuming I spent at least 2 hours everyday for 4 years (1460 days), it amounts to 122 complete days or around 4 months in total. It’s pretty sad on reflection, but at least the experience is now absorbed, and I can write this post.
On June 2017, after summer break started and final exams were over, I decided to permanently quit this habit. Downloaded an application called Cold Turkey and completely blocked all websites I used to visit. Now use Leechblock, which is available on most browsers (also use it to block/restrict access to non-NSFW websites which impair productivity like ESPN). Started 30 minutes of daily meditation (mindfulness + metta). Still continue the habits to this day, although the length is increased to 1 hour. Read Mindfulness in Plain English by Bhante Gunaratana and Lovingkindness by Sharon Salzberg for instructions. Have re-read these books multiple times.
Mindfulness will allow you to be self-aware of your mental conditioning, while metta (feeling compassion for yourself, a friend, neutral person, and enemy) can remove thoughts of lust and fundamentally alter your mental programming. Compassion is a very powerful exercise. Read “The Mindful Path to Self-Compassion by Christopher Germer” while you’re at it and learn tonglen. All of these books contain zero fluff, and are invaluable reads.
Started drinking 16 glasses of water (thought it would help skin, but helped in other ways), and doing 100 pushups + 100 sit-ups everyday. Increased it to 200 pushups + 200 sit-ups after 1 month. After 2 months, I made a decent amount of gains (SR helps), and people started asking me workout tips and what gym I go to. Had a Kindle Paperwhite, which is frankly one of my most valued possessions. Still works perfectly fine after 5 years, and costs only $130. Buy one now. Read a lot of books mostly consisting of biographies/spirituality/practical social skills/800+ page novels for around 6 hours per day. Still try to read for at least 15 minutes/1 chapter even when extremely busy. Will post a small booklist at the end of this post.
You can upload books to it for free if you lack money. Visit (gen.lib.rus.ec), download the ebook in epub/mobi format, open it with Calibre (https://calibre-ebook.com/), and send it to Kindle using USB. Knowledge is an investment that produces continuous returns. Warren Buffett spends 80% of his time just reading! and takes action based on that knowledge.
Even managed to have the motivation to learn Japanese by joining a foreign language exchange website. People, especially women, accepted and sent a lot of invitations to have a conversation; didn’t realize online attraction was due to SR back then. None of us showed our faces, so my physical appearance had nothing to do with it. From experience, the best way to learn a language was to make a phrase sheet with the most common phrases/questions, such as “okay”, “that’s awesome”, “what is that word in English/Japanese?” Basically a human AI bot. Don’t waste time trying to learn how to write the alphabet, although my primary purpose was to learn how to speak. Google Translate is good enough to understand the pronunciation.
I learned Japanese primarily by watching Terrace House. First watched the episode with subtitles, then re-watched it without, while simultaneously writing all the connectives/conversational phrases. You can try unique methods to remember, but brute-force memorization/review worked the best. Never tried Anki since it was cumbersome to use.
For the accent, the best way is to watch Japanese people trying to speak English, and try to mirror their accent as much as possible. It honestly helps. After 3 months, I could have a full 1 hour conversation in Japanese with a native speaker without looking at any notes. I wasn’t “fluent” (still stuttered and made mistakes), but it was a huge amount of progress for starting from scratch. Eventually after 6 months, I gave up practicing/speaking the language. I was mainly trying to fulfill a childhood fantasy, and I’m glad I tried since I learned a lot from it and got to talk with interesting people. But in reality, I stopped watching anime, and honestly never needed to speak Japanese in real-life. Now I barely remember any of the words, except a few basic phrases. Could probably last 30 seconds of full conversation at best.
So, everything was going great until December 2017. During this time period, I probably had wet dreams/nocturnal emissions every 1 – 2 months. Barely felt much difference since there was a decent time interval between emissions. Drank 2 glasses of water everyday before bed, slept on my stomach, and ate spicy food (practices that cause nocturnal emissions), but was perfectly fine. However in December I started having emissions every 2 weeks. Initially didn’t care about it. In January it started happening every 1 week. Nothing really changed in my life during this time to cause emissions to increase. Then it started happening every 5 days, every 3 days, sometimes even 2 days in a row!
Most of you will have no idea how terrible it feels to be on top of the world, and then suddenly crash down. The difference between living life with/without SR benefits is night and day. Even after sleeping 10 hours, I used to feel completely exhausted. People ignored me, or worse started “joking” around me. Complete disrespect by friends, family, and acquaintances. No energy/motivation to do anything. Constant brain fog, could barely concentrate. Felt even worse than my porn days when I ejaculated everyday. Voice completely shot, started feeling anxious about oral presentations for no reason, when I always excelled. Felt like my soul was dying. Those were really dark times. People started saying I “changed”, and started pointing out and constantly magnifying my flaws. It’s strange how people exaggerate our skills/talents on SR, while they completely ignore them post WD/ejaculation, and focus only on your flaws/mistakes. It makes you lose trust in everyone around you, as if all of them are energy vampires who only like you due to SR.
I grew desperate. During this whole time I meditated, practiced no lust/no arousal as best as possible since July 2017, yet emissions increased massively in frequency. Some occurred due to sexual dreams, but most were nocturnal emissions. Thought I had a UTI at first, and went to a general practitioner. He didn’t seem very reliable, so I went to a prominent urologist. Did all sorts of tests, paid a good amount of money, and the doctor said everything was fine. Having nocturnal emissions every 5 days was perfectly normal at my age. Encouraged me to masturbate regularly if it became an inconvenience :)
So medical science obviously failed. Started following all the tips/methods in this subreddit, and believe me I tried almost everything no matter how uncomfortable or time-consuming. Omad, avoid food/water before bed, vegetarianism, tantric meditation, different diets, various sleeping positions, no/increased meditation before bed, no/more exercise, yogic exercises, qigong, some tips mentioned by Soaring Eagle, prayed to God. None of them worked. The only method I didn’t try extensively were kegels. Initially tried a normal + reverse kegel routine, then found an article by coincidence on this subreddit about someone who permanently damaged their penis from doing kegels. Immediately stopped, thank you to that person for sharing your experience. It’s as if the universe was looking out for me. Best to avoid such risky methods even if you’re desperate. Currently sleep on my back since it avoids any "accidental physical stimulation" from occurring.
So this nocturnal emission phenomena continued for over a year. Some methods worked better than others, while for some, I wasn’t sure if it was merely the placebo effect. In mid-2019 I came across subliminal videos (finally the good part!) on YouTube. (https://www.youtube.com/watch?v=P0W5AB1sGr0) This video explains it more thoroughly, but basically you convert affirmations (sentences like “I am happy/smart/handsome”) into audio using text-to-speech software and reprogram your subconscious mind. Tried a beauty subliminal (https://www.youtube.com/watch?v=xEXaAsm-Iys) as a joke, but the next day I noticed changes in my facial structure. Listened for an hour the first day, which was easy given the music. You have no idea how amazing it feels to know that you can control your reality just by using your mind. Completely magical. Supposedly it works due to the Law of Attraction; you can find out more by reading/watching “The Secret” by Rhonda Byrne, and later reading all the books by Neville Goddard. Started using a skin subliminal as well (https://www.youtube.com/watch?v=iqi8Q80pspk and later moved onto https://www.youtube.com/watch?v=COxz8hvl14Y ), and now my skin is completely normal. Visited prominent US dermatologists, tried all sorts of acne medicine including Accutane, and even did SR, yet none of them worked. Skin was pretty terrible, and I was glad it got fixed. Took around 4 months of daily listening although it can be shortelonger depending on your belief, blockages, and levels of positivity. There’s a CIA document on holographic universes, astral projection, time travel, and psychic powers if you need scientific validation: https://www.cia.gov/library/readingroom/docs/CIA-RDP96-00788R001700210016-5.pdf
Disclaimer: Although there can be bad subliminal makers, they are very rare, and there has been only 2 of them in the history of the community. Someone named MindPower and Rose subliminals. The vast majority (99%) put positive affirmations. It’s best that you verify by checking all the comments, seeing their subscriber count, general personality, etc, but ultimately there’s no guarantee. The only way to make sure the affirmations are 100% positive and safe are to make them yourself or use a subliminal that blocks negative affirmations.
One thing to note is that physical change (biokinesis; search that term)/spiritual subliminals utilize the prana in your body to a certain extent to make changes. It makes sense since physical change is essentially a psychic poweenergy work. So your SR benefits/aura might temporarily decrease. Hydration is also recommended, and you will notice feeling thirsty. Personally drink 20 glasses of water everyday.
Obviously, my interest now turned towards using subliminals to cure nocturnal emissions. Unfortunately there’s a huge lack of subliminals regarding semen-retention or those targeted towards nocturnal emissions. Initially bought a subliminal using a paid request (you pay a subliminal maker for a specialized subliminal), but it didn’t work that well. Desired to be permanently free of nocturnal emissions, or at least reduce the frequency to once a month. So I decided to make my own subliminal. The affirmations will be posted below, and this is how I eventually cured my nocturnal emissions.
Steps on how to make your own subliminal:
  1. Write all the affirmations in a word document and save it.
  2. Download text-to-speech software like Balabolka and output the audio file in wav format (you want both uncompressed + lossless)
  3. Optional but recommended; download an audio editor like Audacity, and fast-forward the audio as much as possible using the “Change Tempo” effect. Personally I speed the audio to one second and then loop it 1000x. Continue the process as much as possible, but never make the audio length less than 1 second. Some subliminal makers make their subliminals even more powerful by creating multiple audio streams of their affirmations using different voices, merging all the voices together, and speeding them up. It’s called layering. Why super-sped affirmations work better can be somewhat explained by this article (https://www.psychologytoday.com/us/blog/sensorium/201812/experiments-suggest-humans-can-directly-observe-the-quantum), but science still doesn’t have all the answers. Will take time.
  4. Converting the affirmations to binary code (https://www.rapidtables.com/convert/numbeascii-to-binary.html) is a technique some subliminal makers use. Supposedly it penetrates the subconscious faster.
Affirmations Link: https://www.reddit.com/pureretention/comments/hg0tjb/practicing_sr_since_july_2017_finally_conquered/ (same content; scroll down to the subliminal section and download the affirmations file from the mega link)
Listened to this personal subliminal for 1 hour everyday for an entire month. Still listen just to be safe. Took months of testing and editing affirmations to make it perfect. Experienced massive sexual dreams on certain days, more than normal, and found out that entities could be responsible. Try to avoid this subreddit as well, since reading the posts can trigger memories. More energetically sensitive now, and sometimes there’s a lot of low-vibrational energy. On a side-note, porn cripples your aura and invites negative entities (https://www.awakeningstaryoga.com/blog/expanding-away-from-porn-aura).
Non-subliminal solutions:
  1. https://www.youtube.com/watch?v=lMx69hgYq0s (morphic field)
  2. https://www.youtube.com/watch?v=EWK0D1g069I (powerful aura cleanse; Tibetan bowl sounds)
  3. https://www.youtube.com/watch?v=7moRsibNyMA (reiki)
Subliminal solutions (ordered in terms of effectiveness):
  1. https://www.youtube.com/watch?v=LDTGA3Y6fLY
  2. https://www.youtube.com/watch?v=XvyPscRD1ss
  3. https://www.youtube.com/watch?v=NTmnrFzR0_Q (for spells, curses, black magic, etc)
  4. https://www.youtube.com/watch?v=8Kt9s5tY1YE (last resort)
The entire channel is a gem; these were some of the best. Have used them for a few months and feel much lighter and peaceful; experienced only headaches due to subconscious absorbing the affirmations, but zero negative effects.
Advice: Remember to immediately download any subliminal video you find that is useful in wav format (https://www.savethevideo.com/download). Subliminal channels are sometimes deleted by YouTube (spam filter) or the creators themselves.
Waited 3 whole months before deciding to make a Reddit post to make sure the method was 100% foolproof. Remember many people offering solutions in the past, yet 1 month later they would have another wd/nocturnal emission.
The first month there was a lot of fear. Will I have a wet dream/nocturnal emission tonight? Was so traumatized it was difficult getting to sleep every night. After the 2nd month, I experimented with sleeping on my stomach and eating/drinking before bed. Nothing happened. Stopped recently to stay careful.
After 2 years of suffering, this is a method that has worked. Try and see for yourself.
Present day:
How do you feel now? Some days it’s meh (due to flatline) like today; on other days I feel divine. No idea why flatline still occurs. Have regained all the benefits, feel love and happiness all the time. Experience intense states of bliss in meditation more frequently, although it’s just a distraction.
Religiously/Spiritually I’ve moved from Christianity to Buddhism/Advaita Vedanta/parts of New Age. Found them more practical and useful in life. Was inspired to aim for spiritual enlightenment after reading “The 3 pillars of Zen” by Philip Kapleau. Read it, it might change your life.
Have attended a number of meditation retreats now, along with 10-day ones. Everyone reading this post should try it. Understood how much our mental programming defined us, and that we aren’t are thoughts. Our childhood traumas define so much of our habitual reactions. Realized its okay to feel bored rather than chasing after constant stimulation.
Even attended a Jhana retreat, which is exclusive for people who have attended prior retreats. Entered intense states of meditative absorption, understood the permeability/impermanence of reality, and had all sorts of mystical experiences. Experienced past lives; can confirm my mind did not make it up, since it’s an experience you can constantly replicate using the same methods. Before attempting such methods, you need to have the ability to sit down and meditate continuously for at least 3 hours. If you live in the US, attend IMS (Insight Meditation Society) or any prominent Vipassana/Theravada related retreat. Zen is a valid form of enlightenment, but it personally felt unstructured.
Gave up music, took time since I was convinced it was needed for creativity. Instead, it was just a substitute source of dopamine and a way to avoid my emotions. Have much less brain fog after quitting. Only communicate using regular phone calls these days, which no one uses, and Snapchat/WhatsApp for texting. Avoid stories, waste of time. Instagram/TwitteFacebook are a waste of time unless you are using it for business purposes. The only social media you really need is LinkedIn.
Women: You’ll learn more about them by reading romantic novels, Korean mangas, and watching Kdramas then reading all that seduction/red pill stuff. Focus on general charisma (men and women) instead of a specific gender. Read “The Charisma Myth” by Olivia Fox Cabane; it’s the most practical book on social skills I have ever read, and possibly the most life-changing as well. Teaches you self-awareness, applies Buddhist psychology to social interaction. Used to train executives in Google, read it now (and do all the exercises). The bibliography sent me on a rabbit hole that made me read ton of books on psychotherapy, meditation, mindfulness, and Buddhism; this was before SR. Inspired me to practice meditation, although the habit only became regular after SR.
Read books such as Crucial Conversations by Al Switzer, Difficult Conversations by Douglas Stone, How to Talk so Kids will Listen by Adele Faber (works very well in general since even adults have childhood programming, and can act like children), Never Split the Difference by Chris Voss (FBI's chief international hostage and kidnapping negotiator from 2003 to 2007), Getting More by Stuart Diamond (trains negotiators at Google), and Pitch Anything by Oren Klaff (more theoretical but useful). Also read The Definitive Book of Body Language by Allan Pease and What Every Body is Saying by Joe Navarro. These are all books that will greatly improve your human interactions and contain limited fluff. Have re-read all of these books in difficult times, and they have never let me down. You should read it as well. Even if you become a monk, there’s lots of social infighting even in monasteries. Highly-developed social skills are invaluable whenever you are dealing with individuals. Read “How to make friends and influence people” by Dale Carnegie once in a while, since most forget to apply his “basic” advice. Learned a lot about oral presentations by watching Alan Shore on Boston Legal (TV show).
Current position in life? Studying for a bachelor’s degree. My family is financially well-off, and my father is paying for my college tuition and dorm. Scholarships aren’t available for all income levels. Although I come from “privilege”, the above information can help anyone regardless of their financial position. We live in an era where information is accessible to all social classes, so excuses aren’t that relevant. If you’re practicing SR, you are already 20 steps closer to success. The tips above can be applied for free as long as you have a computesmartphone. Read books starting from today, knowledge is a source of power. People spend so much time reading the news, scrolling social media feeds, reacting to comments, chatting about useless things with friends, binging shows on Netflix, browsing YouTube/Reddit, that time quietly passes by. Time is the most valuable commodity you have; don’t waste such a limited resource on things that will contribute nothing towards your purpose in life. Once it’s spent, you can never get it back.
Personally, I schedule the next day before going to bed. Leisure, Reading, Schoolwork, Meditation, everything is mapped out perfectly. Try to eliminate habits that just waste time and stick to your schedule perfectly (working on it myself). If you feel tired after work/studying, take a nap or meditate instead of receiving even more stimulation from videogames, YouTube, or other artificial dopamine sources. Try NoSurf.

Basic Booklist:

Spirituality:
  1. The End of Your World by Adyashanti (fantastic writer; must-read if you have had an awakening experience or believe you are "enlightened")
  2. How to Attain Enlightenment -> The Essence of Enlightenment by James Swartz (best introduction to Advaita Vedanta I have read so far)
  3. I am That by Sri Nisargadatta Maharaj (profound but advanced)
  4. In the Buddha's Words by Bhikkhu Bodhi (best introduction to Buddhist scripture)
  5. Why Buddhism is True by Robert Wright (secular perspective but informative; his previous book The Moral Animal is a good introduction to evolutionary psychology. Read this first if you are non-spiritual)
  6. Wisdom Wise and Deep by Shaila Catherine (comprehensive introduction by one of the best Jhana teachers in the US)
  7. The Visuddhimagga
  8. Manual of Insight by Mahasi Sayadaw
  9. Emptiness: A Practical Guide by Guy Armstrong (good introduction to the Buddhist version of reality)
  10. Books by Loch Kelly (practical guide to non-dual meditation practices within Buddhism; The Little Book of Being by Diana Winston may be a better introduction)
  11. Seeing that Frees by Rob Burbea (really advanced but profound)
  12. Books by Robert Bruce such as Psychic Self-Defence and Energy Work
  13. Psychic Witch by Mat Auryn
  14. Dream Yoga by Andrew Holecek (amazing/practical book on lucid dreaming -> dream yoga)
  15. Autobiography of a Yogi
  16. The Practice of Brahmacharya by Swami Sivananda and Soaring Eagle (https://forum.nofap.com/index.php?threads/6-years-clean-rebooting-as-the-best-remedy.135983/) if you haven’t read already
  17. Xunzi trans. by Eric Hutton (final evolution of Confucianism)
Novels (use translators mentioned):
http://gen.lib.rus.ec/fiction/? for foreign literature

  1. Musashi by Eiji Yoshikawa (Taiko is decent as well, but this one was a masterpiece)
  2. Romance of the Three Kingdoms trans. Moss Roberts
  3. The Dream of the Red Chamber trans. David Hawkes (read it in the summer of 2017, profound but not all may see the deeper meaning)
  4. The Nine Cloud Dream trans. Heinz Insu Fenkl
  5. Atlas Shrugged by Ayn Rand (Inspirational for Entrepreneurs, however don’t start adopting this book as economic philosophy. It’s just a novel!)
  6. The Alchemist by Paulo Coelho (read now if you are experiencing an existential crisis)
  7. Dostoevsky’s Crime and Punishment + The Brothers Karamazov (optional reading; prefer Pevear translation)
  8. Perry Mason and Sherlock Holmes Series (pleasure reading but not useless)
Psychotherapy (never visited a therapist, but found these useful):
  1. Getting Past Your Past by Francine Shapiro (by the founder of EMDR, best practical book on trauma and exercises to resolve it)
  2. Complex PTSD: From Surviving to Thriving (another immensely practical book on recovering from trauma)
  3. Breaking the Cycle by George Collins (best practical workbook on sexual addiction I have read; all should read)
  4. Get out of your mind and into your life by Steven Hayes (Was mentioned in the charisma myth booklist; take control of your thoughts and mind by the founder of ACT)
  5. Mindful Compassion by Paul Gilbert and Choden (prominent researcher on compassion applied to therapy; part one can be boring, but part two on practical exercises is invaluable)
  6. Feeling Book by David Burns (rightfully a classic book on therapy and CBT; read if you are suffering from depression)
  7. Healing Development Trauma by Laurence Heller (best book on the impact of childhood/development trauma but meant for therapists, might explain why we use addiction to cope from childhood memories; google ACE study as well)
  8. The Boy who was raised as a Dog by Bruce Perry (stories about children experiencing trauma. Increases empathy for yourself and others; you realize how childhood trauma affects how a lot of people think and behave)
  9. Whole Again: Healing Your Heart and Rediscovering Your True Self After Toxic Relationships and Emotional Abuse by Jackson MacKenzie (fantastic book on recovering from relationship abuse. Many of us have emotional baggage that fuels coping and addiction loops. Read Healing from Hidden Abuse by Shannon Thomas as well.)
  10. Self-Compassion by Kristen Neff (optional reading, but complimentary)
For biographies, read those of presidents and important leaders. Also about famous/successful individuals. Read all of Ron Chernow’s books. Abuse the Amazon Search Engine and look through their categories. Reading biographies can fundamentally enhance your worldview so you realize that real-life issues are much more nuanced and gray rather than black and white. Also shows how successful people deal with difficult crises and their perspective on life. Especially for public policy. If a President implements an economic policy that has short-term gains, but long-term loss, he has a greater chance of being re-elected. However, short-term loss in favor of long-term gain is the correct policy. Employ critical-thinking! Avoid cable news even if you need to stay informed. Don’t even have a television in my house. Unnecessary. Just read 2 – 3 reputable news sources for 20 minutes max. Sometimes I even avoid the news since there’s too much negativity.
https://www.reddit.com/kundalini/comments/1unyph/a_tantric_perspective_on_the_use_of_sexual_energy/ (tantric meditation technique that actually works; you are supposed to do it for 1 hour. Optional.)
https://www.reddit.com/kundalini/comments/2zn8ev/grounding_201_two_effective_quick_methods/ (energetic protection + grounding method after doing the tantric meditation)
Avoid learning Mantak Chia’s techniques from a book, since some have suffered side-effects to their energetic/biological body. For NEO, Tibetan buddhists practice meditation for 13 years before attempting it (https://en.wikipedia.org/wiki/Karmamudr%C4%81). Not easy. Not sure about women, since SR streak is more important. Don’t pick a partner to fulfill some kind of emotional void, or due to societal programming where women are held to be the ultimate goal. Spiritual Enlightenment is the ultimate goal now, but even enlightened people need money for food and shelter.
Youtubers I follow are Graham Stephan, Ryan Serhant, Rupert Spira, and https://www.youtube.com/channel/UCUX1V5UNWP1RUkhLewe77ZQ (cured women objectification for me; wholesome content) although mostly I avoid the website. Easy to loose track of time.
Avoid smoking, alcohol, recreational drug use (https://www.elitedaily.com/wellness/drugs-alcohol-aura-damage/1743959), casual sex (https://mywakingpath.wordpress.com/tag/aura/; sensitive images but useful), and fast food. Budget your money, and learn how to save as much as possible.
Hope everyone reading this post experiences their definition of success and leads a purposeful life. Will end it by stating two quotes that have inspired and guided me:
“You yourself have to change first, or nothing will change for you!”
― Hideaki Sorachi
“It is not important to be better than someone else, but to be better than you were yesterday.”
― Jigoro Kano (Founder of Judo)
Update 1, 2, 3: Added a post summary and the audio as well in the affirmations link
Update 4: https://starseedsunited.com/negative-entities-and-psychic-attacks (basic article on entities)
Some solutions are posted above. Personal daily routine:
  1. https://www.reddit.com/kundalini/comments/1xyp5k/a_simple_and_universal_white_light_protection/ (basic psychic self-defence)
  2. https://www.youtube.com/watch?v=EWK0D1g069I (powerful aura cleanse; listen 2x before going to bed)
  3. https://www.youtube.com/watch?v=LDTGA3Y6fLY (powerful Light Shielding; general protection. Listen at least 2x everyday)
Note: Will continuously update this post based on further clarification. Close to 40,000 character word limit.
submitted by RisingSun7799 to Semenretention [link] [comments]

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. I do my bit 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.
submitted by fuzzyblankeet to wallstreetbets [link] [comments]

How to Make Money Online From Binary Option Trading Every ... Binary Options Strategy 2020  100% WIN GUARANTEED - Deposit $10 Whitdraw $1,530.79 -Trading in Real Binary Options Trading  EASY STRATEGY for beginners Binary Options Indicator - Occhi Di Gatto MAKE MONEY Binary Option Strategy  Volatility 100 Index 3 Odd Pairs Digit Strategy  FREE 2020

“Binary options” means, put very simply, a trade where the outcome is a ‘binary’ Yes/No answer. These options pay a fixed amount if they win (known as “in the money”), but the entire investment is lost, if the binary trade loses. With this binary options money management strategy, the trader will set a maximum number of trades that they are willing to execute in a day. This limit is set irrespective of whether the trades have been successful or not. Binary options demo accounts are the best way to try both binary options trading, and specific brokers’ software and platforms – without needing to risk any money. You can get demo accounts at more than one broker, try them out and only deposit real money at the one you find best. It can also be useful to have accounts at more than one broker. If you are just starting out with trading, then this is the perfect guide for you to start making money with binary options trading. Here is our #1 Rated Broker. FREE DEMO. IQ Option – Best Trading Platform. IQ Option is a trading platfrom that is regulated by CYSEC. It is the best trading binary options broker on our website. Binary.com is an award-winning online trading provider that helps its clients to trade on financial markets through binary options and CFDs. Trading binary options and CFDs on Synthetic Indices is classified as a gambling activity. Remember that gambling can be addictive – please play responsibly. Learn more about Responsible Trading. Some

[index] [6786] [8882] [1661] [21925] [5387] [10975] [9562] [23341] [160] [14862]

How to Make Money Online From Binary Option Trading Every ...

Best Binary Options Strategy 2020 - 2 Minute Strategy LIVE TRAINING! - Duration: 43:42. BLW Online Trading 137,346 views. 43:42. The video shows you an easy way to make money online with binary options under over betting. This is an introduction video about under/over betting. You may be familiar with binary options and ... If you are tired of always losing money on your trades ... if you are fed up with only making small gains on your trades ... or if you are looking to get started as a trader ... this is your chance to see how anybody can make money with binary options trading - even if you have no experience and no money in the bank! Without a good money management even the best trading / binary options strategy will ruin you eventually. In binary options, you will inevitably lose some trades. Binary Options, Nadex - Best Money Management revealed - Duration: 37:13. Binary Options Beat 4,502 views. 37:13. Money Management in Binary Options & Forex Trading - Duration: 7:58.

Flag Counter