Trader le forex ou trader les actions ? Que choisir

Inflation, Gauge Symmetry, and the big Guh.

Inflation, Gauge Symmetry, and the big Guh.
Sup retards, back at it with the DD/macro.
scroll to the rain man stuff after the crayons if you don't care about the why or how.
TLDR:
June 19 $250 SPY puts
May 20 $4 USO puts
SPY under 150 by January next year.

So I was going about my business, trying to not $ROPE myself as my sweet tendies I made during the waterfall of March have evaporated, however, I heard that the fed was adding another $2.3T in monopoly money to the bankers pile specifically to help facilitate these loan programs being rolled out.
In short, they are backing these dumb-ass, zero recourse, federally mandated, loans with printing press money.
But cumguzzler OP, your title is about inflation and guage simp--try, why are you talking about the fed #ban.
Well, when you print money it is an inflationary action in theory. Let me explain.

EDUMACATION TIME

What is inflation? Inflation is the sustained increase in the price level in goods and services. Inflation is derived from a general price index, and in the US, from the consumer price index. Knowing that inflation is an outcome, not a set policy is very important. Inflation is a measurement after the fact, much like your technical astrology indicators. (**ps, use order flow in your TA you wizards**)
HOWEVER, the actual act of buying bundles of these loans does not directly impact inflation.
Now what is Gauge symmetry? Gauge symmetry is a function of math and theoretical physics that can be applied to finance models. What a gauge is, is a measurement. Gauge symmetry is when the underlying variable of something changes, however, we do not observe that variable change.
A great example of this is if you and a friend are moving, and your friend is holding a box of tendies. The box is a cube, equal on all sides. If you turn away for a moment and she rotates the cube 90 degrees while you are not looking, and you look back - you would have no idea the cube was rotated. There was a very real change in the position of the cube in relation to space-time. Your friend acted on it. But you didn't measure it, in fact it would be impossible for you to determine if the box was changed at all if you weren't observing it. That movement of the box where you didn't observe it, is called gauge transformation and happens literally more then JPow fucks my mom in quantum physics. The object observably exactly the same even though it is not physically the same. The act of it existing as an observably the same box is gauge symmetry - it is by observation symmetrical.
Why this is important, is that fiat money doesn't have any absolute meaning. The value of $1 is arbitrary. furthermore, Inflation is a Guage symmetry. Inflation has no real impact on the real value of the underlying goods and services, but rather serves as a metric to measure the shift of value across a timeline.
When JPow starts pluggin' your mom along with all these balance sheets, there is a gauge symmetry event happening. The money he is printing is entering the system (gauge transformation), this isn't an issue if all pricing against the USD get shifted equally, however, the market is not accounting for this money because we don't have real-time data on what is being applied where, we only get a slow drip in terms of weekly and monthly reports. WE HAVE OUR EYES CLOSED. This is a gauge symmetry event.
When this happens in real terms, the market becomes dislocated from its real value price. Well how do we know there is a dislocation?
"YoU JuSt SaId tHe UnDeRlYiNg VaLuE iZ AbStRaCkKt HuRr QE aNd MaRkEtS Iz ComPlEx ReAd A TeXtBuK AbOuT FrAcTiOnAl ReSErVe BanKiNg YoU NeRd." - **anyone rationalizing the bull run**
We can look at Forex you fish.
USD lives in a bubble. The Yen is in a bubble, the RMB is in a bubble, and we exchange with each other. the Jap central bank has little effect on the CPI index (cost of goods and services) of the US. If the Yen prints a gazillion dollars, the USD is not effected EXCEPT in its exchange rate. YEN:USD would see a sizeable differential the more Yen is printed and vise-versa.
So NOW instead of JPow getting away with plowing your girlfriend, we can catch the bitch.
Instead of looking at the gauge transformation at face value and then giving up because it is symmetrical output, we can look and see if this gauge symmetry carries over to the foreign exchange market. Well guess what happens when you look at the value of the USD against foreign currencies.
Consistent uncertainty during the fed operations. Meaning the market of banks that partake in FX swaps don't know where to spot the USD. Generally a very very bad thing.
Value of the USD to Euro 2017-2020, notice the slow decline, then the chaos at the end
Above is the value of the USD to Euro, notice the sloping decline. The dollar has been growing weaker since 2017. At the end you see our present issues, lets #ENHANCE
USD to Euro, January 2020 to Present
When you see those spikes, those are days in between Fed action. The value of the US goes up when the fed doesn't print because people aren't spending. Non-spending is a deflationary event and has a direct impact on the CPI. However, each drop when you line up the dates, was a date of Fed spending.
Lets look outside of the Eurozone.

This is the RMB to USD. Yes China manipulates, but look at the end of the graph
China manipulated rates early in 2018 however you can see the steady incline upward towards the of 2018. More specifically, lets look at it since December.
RMB value against USD, January to Now
You Can see the Chinese RMB has been gaining steam since December, even with Chinese production falling off a cliff all through this pandemic.

What this rain man level autism means for the economy.

Looking across the board at Forex we can see the USD having a schizo panic attack jumping up and down like me at a mathematics lecture.
But what does all this gauge BDSM and shit have to do with the markets? Well it shows 1 of 3 things are occuring.
  1. The fed is printing money to offset deflationary pressures of the economy being fuk for the past month, and therefore all this printing is offset by the loss of liquidity throughout the system and we are all retared. (SECRET: THIS IS WHAT ALL THE INSTITUTIONS THINK IS HAPPENING AND WE WILL ALL BE FINE.)
  2. The deflationary event is overplayed, and JPow just is nailing his coffin together. This would result in long term hyperinflation similiar to the Weimar republic. The only hedge against this is to load up on strong currency that do not manipulate and have enough distance from US markets that they can have some safety (ironically the Ruble is the safest currency. Low link to the USD and not influenced by China, and on discount rn)
  3. The gauge transformation is actually not as severe as they are blurting out, the fed does not pass go, does not actually print 10 Trillion dollars, and this was all a marketing ploy to not get Trump involved and prop markets. In this case, the real deflationary event is real, the USD red rockets harder then my cock and we end up market-wise at a very high asset price in relation to real value. This one is most dangerous because it increases the real value of debt and has mass dislocation between real value and market cap. You took debt at a fixed interest rate and a fixed principal, this would cause the biggest GUH in history when all of a sudden you are $100 million in debt and your revenue was $50 million a year ago, but now is only $25 million. That $100 million in debt is still $100 million and now you have a credit crisis because past values of money were inflated. This spirals into a large scale solvency crisis of any company utilizing current growth methodology (levering up to your tits in debt)
In only 1 of these 3 scenarios do we see any sort of "good" outcome? That would be the offset of deflationary pressures.
It is very important to understand that inflation is only a measurement, and itself does not denote value of real goods and services.

Option 1 of a print fiesta that works (something similar to 1981-82) seems possible. A similar environment and reaction occured in the early 80s when the government brute-forced a bull run using these same offset theorems but in that situation, Volker at the fed had interest rates at 21.5% and had 20% to come down to stimulate the inflationary reaction.
Long term this would just lever up more debt and expanded the real wealth gap over time because we kicked the can down the road another 15 years. If that happens again socioeconomically I don't see capitalism surviving (yeah Im on my high horse get over it). This is the option that many fiscal policymakers and talking heads abide by and the reason why the markets are green. However, it is really just kicking it down the road and expanding real wealth inequality. You think Bernie Sanders is bad, wait until homes cost $3million dollars in Kentucky and AOC Jr comes around.

If we get option 2, we see hyperinflation and we turn into Zimbabwe, which is great, I've always wanted to see Africa. Long term we could push interest rate back to 1980 Volker levels and slowly revalue the US against real value commodities already pegged to the USD like oil. This would be a short term shock but because of international reliance on the USD system, we could slowly de-lever this inflation over 2-3 years and be back to normal capacity although the markets would blow their O-ring. Recession yes, but no long term depression.

If we get option 3, the worst long term option in my opinion, basically any company with any revolver line drawn down when that hits is going to go under, private equity won't touch it with a 20ft stick because cashflows couldn't possibly handle the debt on the end of the lever, and we see mass long term unemployment. The only way out of the spiral of option three is inflationary pressure from the fed+government, but because we are already so far down the rabbit hole at the current moment there's no fucking way we could print another 10 trillion. USD treasuries couldn't handle the guh and we would essentially be functionally forced into a long term (7-10 year) depression because nothing anyone could do would delever the value of the dollar. This would result in the long term collapse of the United States as a world power and would render us like Russia in 1991.

Thank you for coming to my ted talk.
submitted by TaxationIsTh3ft to wallstreetbets [link] [comments]

My First Year of Trading

So here it is, three more days and October begins, which marks one year of trading for me. I figured I would contribute to the forum and share some of my experience, a little about me, and what I've learned so far. Whoever wants to listen, that's great. This might get long so buckle up..
Three years ago, I was visiting Toronto. I don't get out much, but my roommate at the time travels there occasionally. He asked everyone at our place if we wanted to come along for a weekend. My roommate has an uncle that lives there and we didn't have to worry about a hotel because his uncle owns a small house that's unlived in which we could stay at. I was the only one to go with. Anyways, we walk around the city, seeing the sights and whatnot.
My friend says to me "where next?"
"I don't know, you're the tour guide"
"We can go check out Bay Street"
"what's 'Bay Street?'"
"It's like the Canadian Wall street! If you haven't seen it you gotta see it!"
Walking along Bay, I admire all the nice buildings and architecture, everything seems larger than life to me. I love things like that. The huge granite facades with intricate designs and towering pillars to make you think, How the fuck did they make that? My attention pivots to a man walking on the sidewalk opposite us. His gait stood out among everyone, he walked with such a purpose.. He laughed into the cell phone to his ear. In the elbow-shoving city environment, he moved with a stride that exuded a power which not only commanded respect, but assumed it. I bet HE can get a text back, hell he's probably got girls waiting on him. This dude was dressed to kill, a navy suit that you could just tell from across the street was way out of my budget, it was a nice fucking suit. I want that. His life, across the street, seemed a world a way from my own. I've worn a suit maybe twice in my life. For my first communion, it was too big for me, I was eleven or whatever so who gives a shit, right? I'm positive I looked ridiculous. The other time? I can't remember.
I want that. I want the suit. I want the wealth, the independence. I want the respect and power, and I don't give a shit what anyone thinks about it.
Cue self doubt.
Well, He's probably some rich banker's son. That's a world you're born into. I don't know shit about it. \sigh* keep walking..*

A year later, I'm visiting my parents at their house, they live an hour away from my place. My dad is back from Tennessee, his engineering job was laying people off and he got canned... Or he saw the end was near and just left... I don't know, hard to pay attention to the guy honestly because he kind of just drones on and on. ("Wait, so your mom lives in Michigan, but your dad moved to Tennessee... for a job?" Yea man, I don't fucking know, not going to touch on that one.) The whole project was a shit show that was doomed to never get done, the way he tells it. And he's obviously jaded from multiple similar experiences at other life-sucking engineer jobs. My mom is a retired nurse practitioner who no longer works because of her illness. I ask him what he's doing for work now and he tells me he trades stocks from home. I didn't even know you could do that. I didn't know "trading" was a thing. I thought you just invest and hope for the best.
"Oh that's cool, how much money do you need to do that?"
"Ehh, most say you need at least $25,000 as a minimum"
"Oh... guess I can't do that..."
Six months later, I get a call and it's my dad. We talk a little about whatever. Off topic, he starts asking if I'm happy doing what I'm doing (I was a painter, commercial and residential) I tell him yes but it's kind of a pain in the ass and I don't see it as a long term thing. Then he gets around to asking if I'd like to come work with him. He basically pitches it to me. I'm not one to be sold on something, I'm always skeptical. So I ask all the questions that any rational person would ask and he just swats them away with reassuring phrases. He was real confident about it. But basically he says for this to work, I have to quit my job and move back home so he can teach me how to trade and be by my side so I don't do anything stupid. "My Name , you can make so much money." I say that I can't raise the $25,000 because I'm not far above just living paycheck to paycheck. "I can help you out with that." Wow, okay, well... let me think about it.
My "maybe" very soon turned into a "definitely." So over the next six months, I continue to work my day job painting, and I try to save up what I could for the transition (it wasn't a whole lot, I sucked at saving. I was great at spending though!). My dad gives me a book on day trading (which I will mention later) and I teach myself what I can about the stock market using Investopedia. Also in the meantime, my dad sends me encouraging emails. He tells me to think of an annual income I would like to make as a trader, and used "more than $100,000 but less than a million" as a guideline. He tells me about stocks that he traded that day or just ones that moved and describes the basic price action and the prices to buy and sell at. Basically saying "if you bought X amount of shares here and sold it at X price here, you could make a quick 500 bucks!" I then use a trading sim to trade those symbols and try to emulate what he says. Piece of cake. ;)
Wow, that's way more than what I make in a day.
He tells me not to tell anyone about my trading because most people just think it's gambling. "Don't tell your Mom either." He says most people who try this fail because they don't know how to stop out and take a loss. He talks about how every day he was in a popular chatroom, some noob would say something like, "Hey guys, I bought at X price (high of day or thereabout), my account is down 80% .. uhh I'm waiting for it to come back to my entry price.. what do I do??"
Well shit, I'm not that fucking dumb. If that's all it takes to make it is to buy low, sell high, and always respect a stop then I'll be fantastic.
By the end of September, I was very determined. I had been looking forward everyday to quitting my painting job because while it used to be something I loved, it was just sucking the life out of me at this point. Especially working commercial, you just get worked like a dog. I wasn't living up to my potential with that job and I felt awful for it every minute of every day. I knew that I needed a job where I could use my brain instead of slaving my body to fulfill someone else's dream. "Someone's gotta put gas in the boss's boat" That's a line my buddy once said that he probably doesn't know sticks with me to this day.
It ain't me.
So now it was October 2018, and I'm back living with Mom n' Pops. I was so determined that on my last day of work I gave away all of my painting tools to my buddy like, "here, I don't need this shit." Moving out of my rental was easy because I don't own much, 'can't take it with ya.' Excited for the future I now spend my days bundled up in winter wear in the cold air of our hoarder-like basement with a space heater at my feet. My laptop connected to a TV monitor, I'm looking at stocks next to my dad and his screens in his cluttered corner. Our Trading Dungeon. I don't trade any money, (I wasn't aware of any real-time sim programs) I just watch and learn from my dad. Now you've got to keep in mind, and look at a chart of the S&P, this is right at the beginning of Oct '18, I came in right at the market top. Right at the start of the shit-show. For the next three or four weeks, I watch my dad pretty much scratch on every trade, taking small loss after small loss, and cursing under his breath at the screen.
Click.
"dammit."
Click.
"shit."
Click. Click.
"you fuck."
Click.
This gets really fucking annoying as time goes on, for weeks, and I get this attitude like ugh, just let me do it. I'll make us some fucking money. So I convince him to let me start trading live. I didn't know anything about brokers so I set up an account using his broker, which was Fidelity. It was a pain and I had to jump through a lot of hoops to be able to day trade with this broker. I actually had to make a joint account with my dad as I couldn't get approved for margin because my credit score is shit (never owned a credit card) and my net worth, not much. Anyways, they straight up discourage day trading and I get all kinds of warning messages with big red letters that made me shit myself like oooaaahhh what the fuck did I do now. Did I forget to close a position?? Did I fat finger an order? Am I now in debt for thousands of dollars to Fidelity?? They're going to come after me like they came after Madoff. Even after you are approved for PDT you still get these warning messages in your account. Some would say if I didn't comply with "whatever rule" they'd even suspend my account for 60 days. It was ridiculous, hard to describe because it doesn't make sense, and it took the support guy on the phone a good 20 minutes to explain it to me. Basically I got the answer "yea it's all good, you did nothing wrong. As long as you have the cash in your account to cover whatever the trade balance was" So I just kept getting these warnings that I had to ignore everyday. I hate Fidelity.
My fist day trading, I made a few so-so trades and then I got impatient. I saw YECO breaking out and I chased, soon realized I chased, so I got out. -$500. Shit, I have to make that back, I don't want my dad to see this. Got back in. Shit. -$400. So my first day trading, I lost $900. My dumbass was using market orders so that sure didn't help. I reeled the risk back and traded more proper position size for a while, but the commissions for a round trip are $10, so taking six trades per day, I'm losing $60 at a minimum on top of my losing trades. Quickly I realized I didn't know what the hell I was doing. What about my dad? Does HE know? One day, in the trading dungeon, I was frustrated with the experience I'd been having and just feeling lost overall. I asked him.
"So, are you consistently profitable?"
"mmm... I do alright."
"Yea but like, are you consistently profitable over time?"
.........................
"I do alright."
Silence.
"Do you know any consistently profitable traders?"
"Well the one who wrote that book I gave you, Tina Turner.. umm and there's Ross Cameron"
......................
"So you don't know any consistently profitable traders, personally.. People who are not trying to sell you something?"
"no."
...................
Holy fucking shit, what did this idiot get me into. He can't even say it to my face and admit it.
This entire life decision, quitting my job, leaving my rental, moving from my city to back home, giving shit away, it all relied on that. I was supposed to be an apprentice to a consistently profitable day trader who trades for a living. It was so assumed, that I never even thought to ask! Why would you tell your son to quit his job for something that you yourself cannot do? Is this all a scam? Did my dad get sold a DREAM? Did I buy into some kind of ponzi scheme? How many of those winning trades he showed me did he actually take? Are there ANY consistently profitable DAY TRADERS who TRADE FOR A LIVING? Why do 90% fail? Is it because the other 10% are scamming the rest in some way? Completely lost, I just had no clue what was what. If I was going to succeed at this, if it was even possible to succeed at this, it was entirely up to me. I had to figure it out. I still remember the feeling like an overwhelming, crushing weight on me as it all sunk in. This is going to be a big deal.. I'm not the type to give up though. In that moment, I said to myself,
I'm going to fucking win at this. I don't know if this is possible, but I'm going to find out. I cannot say with certainty that I will succeed, but no matter what, I will not give up. I'm going to give all of myself to this. I will find the truth.
It was a deep moment for me. I don't like getting on my soapbox, but when I said those things, I meant it. I really, really meant it. I still do, and I still will.
Now it might seem like I'm being hard on my dad. He has done a lot for me and I am very grateful for that. We're sarcastic as hell to each other, I love the bastard. Hell, I wouldn't have the opportunity to trade at all if not for him. But maybe you can also understand how overwhelmed I felt at that time. Not on purpose, of course he means well. But I am not a trusting person at all and I was willing to put trust into him after all the convincing and was very disappointed when I witnessed the reality of the situation. I would have structured this transition to trading differently, you don't just quit your job and start trading. Nobody was there to tell me that! I was told quite the opposite. I'm glad it happened anyway, so fuck it. I heard Kevin O'Leary once say,
"If I knew in the beginning how difficult starting a business was, I don't know that I ever would've started."
This applies very much to my experience.
So what did I do? Well like everyone I read and read and Googled and Youtube'd my ass off. I sure as hell didn't pay for a course because I didn't have the money and I'm like 99% sure I would be disappointed by whatever they were teaching as pretty much everything can be found online or in books for cheap or free. Also I discovered Thinkorswim and I used that to sim trade in real-time for three months. This is way the hell different than going on a sim at 5x speed and just clicking a few buy and sell buttons. Lol, useless. When you sim trade in real-time you're forced to have a routine, and you're forced to experience missing trades with no chance to rewind or skip the boring parts. That's a step up because you're "in it". I also traded real money too, made some, lost more than I made. went back to sim. Traded live again, made some but lost more, fell back to PDT. Dad fronted me more cash. This has happened a few times. He's dug me out of some holes because he believes in me. I'm fortunate.
Oh yeah, about that book my dad gave me. It's called A Beginner's Guide to Day Trading Online by Toni Turner. This book... is shit. This was supposed to be my framework for how to trade and I swear it's like literally nothing in this book fucking works lol. I could tell this pretty early on, intuitively, just by looking at charts. It's basically a buy-the-breakout type strategy, if you want to call it a strategy. No real methodology to anything just vague crap and showing you cherry-picked charts with entries that are way too late. With experience in the markets you will eventually come to find that MOST BREAKOUTS FAIL. It talks about support/resistance lines and describes them as, "picture throwing a ball down at the floor, it bounces up and then it bounces down off the ceiling, then back up." So many asinine assumptions. These ideas are a text book way of how to trade like dumb money. Don't get me wrong, these trades can work but you need to be able to identify the setups which are more probable and identify reasons not to take others. So I basically had to un-learn all that shit.
Present day, I have a routine in place. I'm out of the dungeon and trade by myself in my room. I trade with a discount broker that is catered to day traders and doesn't rape me on commissions. My mornings have a framework for analyzing the news and economic events of the particular day, I journal so that I can recognize what I'm doing right and where I need to improve. I record my screens for later review to improve my tape reading skills. I am actually tracking my trades now and doing backtesting in equities as well as forex. I'm not a fast reader but I do read a lot, as much as I can. So far I have read about 17-18 books on trading and psychology. I've definitely got a lot more skilled at trading.
As of yet I am not net profitable. Writing that sounds like selling myself short though, honestly. Because a lot of my trades are very good and are executed well. I have talent. However, lesser quality trades and trades which are inappropriately sized/ attempted too many times bring down that P/L. I'm not the type of trader to ignore a stop, I'm more the trader that just widdles their account down with small losses. I trade live because at this point, sim has lost its value, live trading is the ultimate teacher. So I do trade live but I just don't go big like I did before, I keep it small.
I could show you trades that I did great on and make people think I'm killing it but I really just don't need the validation. I don't care, I'm real about it. I just want to get better. I don't need people to think I'm a genius, I'm just trying to make some money.
Psychologically, to be honest with you, I currently feel beaten down and exhausted. I put a lot of energy into this, and sometimes I work myself physically sick, it's happened multiple times. About once a week, usually Saturday, I get a headache that lasts all day. My body's stress rebound mechanism you might call it. Getting over one of those sick periods now, which is why I barely even traded this week. I know I missed a lot of volatility this week and some A+ setups but I really just don't give a shit lol. I just currently don't have the mental capital, I think anyone who's been day trading every day for a year or more can understand what I mean by that. I'm still being productive though. Again, I'm not here to present an image of some badass trader, just keeping it real. To give something 100% day after day while receiving so much resistance, it takes a toll on you. So a break is necessary to avoid making bad trading decisions. That being said, I'm progressing more and more and eliminating those lesser quality trades and identifying my bad habits. I take steps to control those habits and strengthen my good habits such as having a solid routine, doing review and market research, taking profits at the right times, etc.
So maybe I can give some advice to some that are new to day trading, those who are feeling lost, or just in general thinking "...What the fuck..." I thought that every night for the first 6 months lol.
First of all, manage expectations. If you read my story of how I came to be a trader, you can see I had a false impression of trading in many aspects. Give yourself a realistic time horizon to how progress should be made. Do not set a monetary goal for yourself, or any time-based goal that is measured in your P/L. If you tell yourself, "I want to make X per day, X per week, or X per year" you're setting yourself up to feel like shit every single day when it's clear as the blue sky that you won't reach that goal anytime soon. As a matter of fact, it will appear you are moving further AWAY from that goal if you just focus on your P/L, which brings me to my next point.
You will lose money. In the beginning, most likely, you will lose money. I did it, you'll do it, the greatest Paul Tudor Jones did it. Trading is a skill that needs to be developed, and it is a process. Just look at it as paying your tuition to the market. Sim is fine but don't assume you have acquired this skill until you are adept at trading real money. So when you do make that leap, just trade small.
Just survive. Trade small. get the experience. Protect your capital. To reach break even on your bottom line is a huge accomplishment. In many ways, experience and screen time are the secret sauce.
Have a routine. This is very important. I actually will probably make a more in-depth post in the future about this if people want it. When I first started, I was overwhelmed with the feeling "What the fuck am I supposed to DO?" I felt lost. There's no boss to tell you how to be productive or how to find the right stocks, which is mostly a blessing, but a curse for new traders.
All that shit you see, don't believe all that bullshit. You know what I'm talking about. The bragposting, the clickbait Youtube videos, the ads preying on you. "I made X amount of money in a day and I'm fucking 19 lolz look at my Lamborghini" It's all a gimmick to sell you the dream. It's designed to poke right at your insecurities, that's marketing at it's finest. As for the bragposting on forums honestly, who cares. And I'm not pointing fingers on this forum, just any trading forum in general. They are never adding anything of value to the community in their posts. They never say this is how I did it. No, they just want you to think they're a genius. I can show you my $900 day trading the shit out of TSLA, but that doesn't tell the whole story. Gamblers never show you when they lose, you might never hear from those guys again because behind the scenes, they over-leveraged themselves and blew up. Some may actually be consistently profitable and the trades are 100% legit. That's fantastic. But again, I don't care, and you shouldn't either. You shouldn't compare yourself to others.
"Everyone's a genius in a bull market" Here's the thing.. Markets change. Edges disappear. Trading strategies were made by traders who traded during times when everything they did worked. Buy all the breakouts? Sure! It's the fucking tech bubble! Everything works! I'm sure all those typical setups used to work fantastically at some point in time. But the more people realize them, the less effective they are. SOMEONE has to be losing money on the opposite side of a winning trade, and who's willing to do that when the trade is so obvious? That being said, some things are obvious AND still work. Technical analysis works... sometimes. The caveat to that is, filters. You need to, in some way, filter out certain setups from others. For example, you could say, "I won't take a wedge pattern setup on an intraday chart unless it is in a higher time frame uptrend, without nearby resistance, and trading above average volume with news on that day."
Have a plan. If you can't describe your plan, you don't have one. Think in probabilities. You should think entirely in "if, then" scenarios. If X has happens, then Y will probably happen. "If BABA breaks this premarket support level on the open I will look for a pop up to short into."
Backtest. Most traders lose mainly because they think they have an edge but they don't. You read these books and all this stuff online telling you "this is a high probability setup" but do you know that for a fact? There's different ways to backtest, but I think the best way for a beginner is manual backtesting with a chart and an excel sheet. This builds up that screen time and pattern recognition faster. This video shows how to do that. Once I saw someone do it, it didn't seem so boring and awful as I thought it was.
Intelligence is not enough. You're smarter than most people, that's great, but that alone is not enough to make you money in trading necessarily. Brilliant people try and fail at this all the time, lawyers, doctors, surgeons, engineers.. Why do they fail if they're so smart? It's all a fucking scam. No, a number of reasons, but the biggest is discipline and emotional intelligence.
Journal every day. K no thanks, bro. That's fucking gay. That's how I felt when I heard this advice but really that is pride and laziness talking. This is the process you need to do to learn what works for you and what doesn't. Review the trades you took, what your plan was, what actually happened, how you executed. Identify what you did well and what you can work on. This is how you develop discipline and emotional intelligence, by monitoring yourself. How you feel physically and mentally, and how these states affect your decision-making.
Always be learning. Read as much as you can. Good quality books. Here's the best I've read so far;
Market Wizards -Jack Schwager
One Good Trade -Mike Bellafiore
The Daily Trading Coach -Bret Steenbarger
Psycho-cybernetics -Maxwell Maltz
Why You Win or Lose -Fred Kelly
The Art and Science of Technical Analysis -Adam Grimes
Dark Pools -Scott Patterson
Be nimble. Everyday I do my research on the symbols I'm trading and the fundamental news that's driving them. I might be trading a large cap that's gapping up with a beat on EPS and revenue and positive guidance. But if I see that stock pop up and fail miserably on the open amidst huge selling pressure, and I look and see the broader market tanking, guess what, I'm getting short, and that's just day trading. The movement of the market, on an intraday timeframe, doesn't have to make logical sense.
Adapt. In March I used to be able to buy a breakout on a symbol and swing it for the majority of the day. In the summer I was basically scalping on the open and being done for the day. Volatility changes, and so do my profit targets.
Be accountable. Be humble. Be honest. I take 100% responsibility for every dime I've lost or made in the market. It's not the market makers fault, it wasn't the HFTs, I pressed the button. I know my bad habits and I know my good habits.. my strengths/ my weaknesses.
Protect yourself from toxicity. Stay away from traders and people on forums who just have that negative mindset. That "can't be done" mentality. Day trading is a scam!! It can certainly be done. Prove it, you bastard. I'm posting to this particular forum because I don't see much of that here and apparently the mods to a good job of not tolerating it. As the mod wrote in the rules, they're most likely raging from a loss. Also, the Stocktwits mentality of "AAPL is going to TANK on the open! $180, here we come. $$$" , or the grandiose stories, "I just knew AMZN was going to go up on earnings. I could feel it. I went ALL IN. Options money, baby! ka-ching!$" Lol, that is so toxic to a new trader. Get away from that. How will you be able to remain nimble when this is your thought process?
Be good to yourself. Stop beating yourself up. You're an entrepreneur. You're boldly going where no man has gone before. You've got balls.
Acknowledge your mistakes, don't identify with them. You are not your mistakes and you are not your bad habits. These are only things that you do, and you can take action necessary to do them less.
It doesn't matter what people think. Maybe they think you're a fool, a gambler. You don't need their approval. You don't need to talk to your co-workers and friends about it to satisfy some subconscious plea for guidance; is this a good idea?
You don't need anyone's permission to become the person you want to be.
They don't believe in you? Fuck 'em. I believe in you.
submitted by indridcold91 to Daytrading [link] [comments]

Vue d'ensemble de la finance aujourd'hui

Dans la logique de mon post sur la vulgarisation du marché monétaire, voici une vulgarisation de la finance dans sa globalité. Avant de me lancer dans le vif du sujet, je tiens à clarifier des notions importantes qui pourraient porter à confusion et que je sais que je verrai dans les commentaires. Je vais aussi vous donner un peu mon opinion personnelle pour éviter tout malentendu dans la discussion, sautez cette partie si ça ne vous intéresse pas. Si la modération trouve que c'est trop hors-sujet, libre à elle de supprimer le post.
J’ai entendu vos critiques dans les commentaires, j’avoue que j’ai vraiment trop simplifié certains passages, j’avais peur que le post soit trop long et trop technique, parfois au prix de la précision et de la rigueur, mea culpa. Cette fois-ci j’ai fait le choix de faire une synthèse des différents marchés financiers, qui régissent l’allocation des ressources financières dans notre société. Nombre d’entre vous ont dû entendre parler de certains d’entre eux, peut-être que vous participez à certains. Toutefois, comme dans mon autre post, je tiens à faire une précision importante. Les informations que je vous donne ici sont grandement insuffisantes pour que vous vous lanciez sur ces marchés, sans que cela s’apparente à une soirée au Monte Carlo pour votre portefeuille. Je ne vous incite aucunement à le faire, mon but étant uniquement d’éclairer ce qui se passe sur les marchés financiers, je n’ai aucune participation à quoi que ce soit, je ne suis pas rémunéré et je ne cherche pas à vendre ou à promouvoir quoi que ce soit. Je ne serai pas 100% exhaustif mais je ferai de mon mieux pour éclairer des sujets que vous pouvez parfois rencontrer dans la presse. Encore une fois, les questions et les remarques sont la bienvenue.
Un marché financier est une notion très abstraite somme toute, il s’agît de l’ensemble des acteurs, des informations et des outils qui font que l’offre (d’actifs) et la demande (le capital) se rencontrent. Ce n’est pas à confondre avec une bourse, qui est un lieu physique (et maintenant virtuel) où se rencontrent l’offre et la demande, ou une place financière, qui est une ville qui regroupe un grand nombre de marchés financiers et d’acteurs majeurs. Quand votre tonton vous prête 10k EUR pour que vous lanciez votre site d’e-commerce, ou que vous déposez de l’argent à la banque, vous participez à un marché financier. Au fil de l’histoire, différents outils financiers ont fait leur apparition, parfois graduellement, parfois brusquement sous l’impulsion de génies/fous (souvent des mathématiciens) et ont conféré des propriétés particulières aux marchés financiers. Il s’agît entre autres de la capacité à :
- Investitransférer le capital et les liquidités inutilisés
- Transférer le risque entre participants
- Echanger à l’international
- Eviter qu’il y ait trop de disparités entre les prix dans le marché, et qu’ils suivent (plus ou moins bien) la valeur intrinsèque.
Un marché efficace est par définition un marché qui reflète bien la valeur intrinsèque d'un investissement compte-tenu des informations disponibles. Des inefficacités peuvent surgir de coûts de transaction et/ou de frais d'agence élevés, de la faible liquidité des actifs ou encore à cause de barrières de toutes sortes. A mon humble avis, dans une économie de marché, il est dans l’intérêt public à ce que certains marchés soient efficaces pour que les inégalités économiques ne soient pas amplifiées et que toutes les classes sociales puissent y avoir accès, tant que cela ne se nuit pas indirectement à la société.
Parlons maintenant de prix et de valeur intrinsèque. La valeur intrinsèque d’un actif ou d’un instrument financier est la valeur financière (et parfois non-financière) future qu’il procurera, compte tenu de l’incertitude qu’il y a autour de la capacité de l’actif à réaliser cette valeur à l’avenir. La valeur intrinsèque est subjective car elle dépend de l’acheteur, principalement de son aversion et de sa capacité à encaisser le risque, mais pas que, comme nous allons le voir. Le prix reflète entre autres l’offre et la demande de l’actif, plus précisément les informations qu’ont les acheteurs, leurs biais et les barrières à la transaction, c’est pour cela qu’il peut dévier, parfois fortement, de la valeur intrinsèque. La valeur intrinsèque est fondamentalement impossible à connaître, mais cela ne veut pas dire qu’il n’y a pas de modèles mathématiques ou qualitatifs pour tenter de l’estimer. Ce qu’on appelle un acteur rationnel c’est un participant qui va, compte tenu de son capital, de ses besoins de liquidité, de son horizon d’investissement et de son aversion au risque (qui est une caractéristique rationnelle) acheter les actifs dont le prix est en-dessous de la valeur intrinsèque qu’il leur assigne et vendre ceux dont le prix est au-dessus de cette valeur.
Je ne crois pas qu’il y ait une façon non biaisée de présenter la finance alors je vais vous donner mon biais. Je crois personnellement en la finance comportementale et ce que je vais dire dans ce paragraphe est très controversé et mériterait toute une vie de recherche pour justifier (on peut en reparler dans les commentaires). Il faut savoir qu’il y a des paramètres anthropologiques (psychologiques, sociologiques, culturels, religieux et géographiques) qui viennent affecter les marchés, notamment leur efficacité, et les financiers et les régulateurs peuvent aborder le problème de plusieurs façons. Parfois on va trouver des intermédiaires qui vont faire fi de ces barrières, parfois on va tenter d’anonymiser les participants, parfois on va trouver un moyen de diffuser l’information à tous les participants, parfois on va réguler pour empêcher certains comportements nuisibles ou illégaux, ou bien on va créer des outils ou des stratagèmes pour contourner les barrières sans les effacer. La désintermédiation, la dérèglementation et le décloisonnement, ainsi que la volonté d’atteindre la concurrence pure et parfaite, ne sont pas toujours les meilleurs moyens d’avoir des marchés efficaces. Il faudrait que toutes les barrières socioculturelles, tous les biais psychologiques des participants des marchés disparaissent pour que cela puisse se faire, ce qui n’est évidemment ni souhaitable ni possible.
Le début est un peu technique mais est crucial pour que vous compreniez la suite. Premièrement, je vais vous parler de la notion de marché primaire et de marché secondaire, qui détermine où est transféré le capital et le risque. Deuxièmement, je vais vous parler de l’organisation et de la régulation des marchés. Troisièmement, je vais vous parler de la classification des marchés en fonction des instruments financiers qui s’y échangent et dernièrement je vais vous parler de la classification des marchés en fonction des actifs qui s’y échangent.
A – Les marchés primaires, secondaires, tertiaires et quaternaires.
Le marché primaire est le marché qui fait rencontrer ceux qui vont fournir des actions ou des obligations de leur propre entreprise, des matières premières ou autres actifs, en échange de capital. Quand une entreprise ou un Etat lèvent des fonds ils participent sur ce marché, quand une société d’exploitation de pétrole brut vend ses barils elle y participe aussi. Quand vous prêtez de l’argent à votre pote, ou que vous achetez une maison neuve à un promoteur immobilier vous participez au marché primaire. En général, il s’agît d’un marché désorganisé où des particuliers et des entreprises se rencontrent par leurs propres moyens (bouche à oreille, publicité) et qui est très peu régulé, qu’on appelle gré-à-gré, que j’expliciterai bientôt. Ce marché est relativement risqué et peu transparent, en général votre seul recours juridique est le civil et si votre contrepartie fait faillite vous n’avez aucune garantie de pouvoir récupérer votre dû. Il demande de faire confiance à votre contrepartie, d’être compétent et parfois spécialisé dans ce domaine ainsi que d’être particulièrement critique des informations que l’on vous donne. Quand il est organisé, il s’agît le plus souvent d’une vente aux enchères entre participants agréés.
Le marché secondaire est le marché où les actifs sont revendus entre investisseurs, ici le capital et le risque sont transférés d’un investisseur à un autre. Ce marché a plusieurs fonctions, il permet entre autres aux investisseurs de sortir du marché quand ils en ont envie, de standardiser et regrouper les actifs, d’actualiser le prix des actifs en fonction des événements et de permettre à un plus grand nombre d’investisseurs de détenir certains actifs qui leur serait parfois impossible d’obtenir faute de contacts ou de moyens. Si une action ou une obligation est échangée sur le marché secondaire, cela veut dire que l’entreprise sous-jacente a donné son accord à ce qu’elle renonce à choisir qui détient ses parts ou sa dette (à quelques exceptions près), elle n’est pas affectée directement par la transaction. Le marché secondaire est le plus souvent organisé et régulé, moyennant commission. Il est le plus souvent organisé dans un type d’enchère très particulier qu’on appelle bourse, ou bien d’un marché organisé par un courtier.
Je parle brièvement du marché tertiaire et du marché quaternaire car vous pourrez peut-être en entendre parler, le marché tertiaire est le marché où les courtiers interagissent avec les grosses institutions (souvent des banques) et le marché quaternaire est le marché entre grosses institutions uniquement. Ce sont des marchés gré-à-gré.
B – L’organisation et la régulation des marchés
Le marché le plus basique est le marché gré-à-gré ou over the counter (OTC) en anglais. Comme je l’ai dit plus haut, ce marché n’est pas organisé, il est sans intermédiaires. Pour y participer il faut trouver des contreparties par ses propres moyens, chercher les informations par soi-même et surtout faire confiance à la personne en face, chose qui n’est pas toujours facile. C’est surtout sur ce marché que se manifestent les barrières anthropologiques et les biais psychologiques car il y a peu de moyens de réguler ce qui s’y passe ou d’être sûr des informations que l’on a. Bien évidemment il existe des lois et des garde-fous juridiques ou médiatiques, mais vous êtes libres de rédiger n’importe quel contrat légal sur ce marché. C’est d’ailleurs ici que vous verrez les instruments financiers les plus complexes comme les options exotiques ou les swaps. Sur le marché gré-à-gré on dit que la liquidité est faible, comme vous avez souvent affaire à des actifs uniques (startups, œuvres d’art, options exotiques) que très peu de personnes convoitent, ce qui fait qu’il est coûteux et long de trouver des acheteurs, et ce qui pousse les prix à la hausse.
Je ne vais pas m’attarder dessus car il y a énormément à dire dessus, mais la vente aux enchères est une forme d’organisation des marchés. Vous y trouverez par exemple les obligations souveraines, les œuvres d’art ou bien, lors d’une introduction en bourse d’une entreprise, des actions sont attribuées aux premiers actionnaires via une enchère, ce qui permet de déterminer le prix initial de l’action en bourse. Si cela vous intéresse, regardez les différents types de vente aux enchères comme l’enchère anglaise ou l’enchère néerlandaise. Ici vous avez quelques intermédiaires qui rentrent en jeux comme le commissaire-priseur ou la banque d’investissement pour l’introduction en bourse, qui vont prendre leur commission en échange de la publicité qu’ils fournissent à votre actif et de la facilitation de la transaction – autrement dit de la liquidité. Il est à noter qu’un commissaire-priseur qui tient à sa réputation va exiger certaines contraintes et garanties sur l’actif, ce qui donne un début de régulation au marché financier. Dans le cas d’une introduction en bourse (Initial Public Offering ou IPO), les exigences sont draconiennes, les comptes financiers, les cadres dirigeants de l’entreprise et les actionnaires actuels sont scrutés à la fois par l’Autorité des Marchés Financiers (AMF) en France, et les analystes financiers.
La bourse est une forme d’enchère très spécifique. Elle rassemble des traders qui travaillent pour des courtiers ou des sociétés de gestion d’actifs et fonctionne avec une enchère dite continue/dirigée par ordres et est chapeautée par l’AMF en France. Les traders donnent des ordres de vente et d’achat – soit ils donnent un prix et achètent ou vendent tout ce qui est à un prix meilleur ou égal, soit ils spécifient une quantité et achètent ou vendent peu importe le prix, il existe aussi des ordres plus complexes où l’on spécifie un prix, une quantité et une date limite, entre autres. La bourse génère des profits en prenant une commission sur chaque ordre et à chaque fois qu’une nouvelle entreprise rentre sur le marché s’il s’agît d’une bouse d’actions. Ici il n’y a pas un prix unique pour un actif, il y a le prix de la demande (ask) et le prix de l’offre (bid) – il faut proposer un prix égal ou supérieur à l’ask pour pouvoir acheter l’actif et un prix inférieur ou égal au bid pour pouvoir le vendre. Un des effets de cette structure de marché (qui peut paraître contre-intuitif pour ceux habitués au marché gré-à-gré) est que plus on veut acheter une grande quantité de l’actif, plus il va falloir proposer un prix élevé, et inversement plus l’on veut en vendre, plus il va falloir baisser son prix. La bourse crée un peu plus de symétrie entre les acheteurs et les vendeurs, ce qui n’existe pas dans le marché gré-à-gré où l’avantage est déterminé largement par le contrôle qu’ont les acheteurs et les vendeurs sur le marché et l’information en circulation. Le rapport de force ne disparaît pas entièrement mais est artificiellement atténué. Cela fait aussi que si beaucoup d’acheteurs et vendeurs sont intéressés par un actif et que beaucoup d’ordres circulent, statistiquement la différence entre le bid et l’ask sera plus faible, c’est pour cela qu’on mesure traditionnellement la liquidité d’un actif en bourse par la différence entre le bid et l’ask, qu’on appelle le « bid-ask spread », par la moyenne du bid et de l’ask. En exigeant une forte transparence, en attirant des analystes financiers, les autorités des marchés et les médias, la bourse est un peu moins risquée que le marché gré-à-gré, permet d’avoir une meilleure idée de la valeur intrinsèque et surtout une bien meilleure liquidité, bien sûr à un prix. Bien sûr, le risque propre aux rendements futurs de l’investissement n’est pas vraiment affecté et jouer en bourse reste relativement risqué, voir même à espérance négative dans le cas du marché des changes. Sans rentrer sans les détails, la bourse permet parfois d’effectuer la vente à découvert (short-selling), c’est quand vous empruntez un actif à quelqu’un qui le détient, moyennant commission, pour le vendre immédiatement, le racheter plus tard (en espérant que les prix ont fortement baissé) et le rendre à son propriétaire après – cette pratique permet dans de nombreux cas d’ajuster des prix trop élevés lorsque pour x ou y raison les détenteurs ne les vendent pas alors que le prix est surélevé. Traditionnellement une bourse se tient dans un lieu physique mais maintenant c’est largement effectué virtuellement.
La dernière structure de marché majeure est le marché organisé par un courtier – souvent une banque d’investissement. Ici le courtier achète une grosse quantité d’actifs sur la bourse en tant que broker et la revend au détail à ses clients en tant que dealer, ses traders sont là pour répondre à la demande des clients au meilleur prix possible et à liquider le surplus. Le courtier peut prendre une commission sur les ordres, fixer son propre bid-ask en fonction de ses stocks disponibles et empocher la différence. Dans certains cas il peut prêter de l’argent à ses clients pour qu’ils achètent ses produits et encaisser les intérêts du prêt ou encore proposer les services d’analystes financiers qui vont faire des recommandations aux clients (a.k.a full service). Ces marchés restent contrôlés par l’AMF en France vu le contrôle qu’a le courtier sur son marché, le but étant que ses prix suivent ceux de la bourse. Le courtier gère son propre risque et met des limites (comme le margin call) pour éviter que ses clients ne fassent faillite – il est perdant si cela se produit, surtout s’il a prêté de l’argent à son client, il a surtout intérêt à ce que son client continue d’effectuer des ordres car c’est comme cela qu’il se rémunère, parfois au détriment du client.
C – marché au comptant, marché à terme et marché dérivé
Le marché au comptant, en anglais « spot » est le marché où les échanges ont lieu en temps direct – si accord il y a, l’actif et le capital sont échangés au moment de la transaction. Sans aucun autre instrument il n’offre pas beaucoup de flexibilité, il ne permet pas de manipuler facilement le risque auquel on s’expose, car en achetant un actif on prend à 100% le risque du sous-jacent et on est totalement soumis aux aléas des prix.
Le marché à terme est un peu différent. Ici on s’engage dans des contrats spécifiques où l’on se met d’accord sur un prix et où l’échange de capital et d’actif s’effectue à une date postérieure, peu importe le prix du marché à ce moment. Le terme utilisé pour dire qu’on rentre dans un contrat à terme est prendre une position. Ici on a un transfert d’une partie du risque de l’acheteur de l’actif (on dit qu’il est en position longue) au vendeur (on dit qu’il est en position courte). En effet, celui en position longue préfère fixer le prix futur et ne pas prendre le risque que les prix baissent et celui en position courte prend le risque d’acheter quelque chose qui en vaudra moins à la date de l’échange. Cela permet à certains investisseurs de couvrir, par exemple, leur risque de change s’ils savent qu’à une certaine date ils voudront échanger une certaine somme de monnaie contre une autre et à d’autres qui ont une plus grande capacité à encaisser le risque de spéculer. Ces contrats ont d’autant plus de valeur que le sous-jacent est volatile. Vu qu’on a vu le marché gré-à-gré et la bourse, je vais parler des différences entre les deux sur le marché à terme. Sur le marché à terme gré-à-gré, les contrats à terme sont appelés « forwards », vous pouvez les personnaliser comme vous voulez, avec vos prix, vos quantités, vous négociez ça. Cependant, si votre contrepartie fait faillite avant l’exécution du contrat, vous n’avez aucun moyen d’effectuer la transaction et vous n’avez aucun moyen de sortir de ce contrat si vous-mêmes vous avez des difficultés à remplir vos obligations. Si vous êtes un agriculteur qui vend sa récolte de l’année prochaine avec ce type de contrat, vous avez intérêt à faire en sorte que vous produisez assez pour l’exécuter ou que vous pouvez acheter ce qui vous manque si vous n’y parvenez pas le jour de la livraison. Sur le marché à terme en bourse c’est un peu différent, ici les prix, les quantités, les obligations contractuelles et modalités de livraison sont fixés à l’avance par l’offre et la demande et ne sont pas négociables, avec ce qu’on appelle les contrats « futures ». L’avantage des futures est que si vous pensez qu’il y a un risque que vous ne puissiez apporter votre partie du contrat (le capital ou l’actif), vous pouvez vous dégager de votre obligation contractuelle en cédant votre position à quelqu’un en capacité de le faire – si vous avez de la chance, plus de participants pourront exécuter votre position maintenant, ce qui normalement devrait rendre votre position attirante et on vous achètera votre contrat. Si au contraire, nombre comme vous ne peuvent exécuter ce contrat (mauvaises récoltes à cause de la météo par exemple), vous aurez du mal à le céder et vous serez peut-être obligé de payer quelqu’un pour qu’il l’exécute à votre place. Par ailleurs, les participants sont obligés d’avoir un apport en capital pour rentrer dans un future et si par hasard votre contrepartie fait faillite, la chambre de compensation (ou clearing house) vous remboursera, ce qui élimine le risque de contrepartie. Autre particularité du contrat à terme, vous pouvez conserver la rente de votre actif tant que la date d’exécution n’est pas venue, mais vous devez toujours payer les frais de stockage, livraison ou autres, ce qui est bien sûr pris en compte dans le prix.
Le marché des dérivés est vraiment là où le risque est transféré et manipulé. Ici on échange ce qu’on appelle des options/warrants, des contrats d’échange (swaps), des pensions livrées (repurchase agreements ou « repo »), les couvertures de défaillance (credit default swaps, CDS) entre autres. N’ayez crainte on va attaquer chacun de ces termes. D’abord, sur le marché des dérivés en bourse on a les options dite « vanilla ». Une option, contrairement à un contrat à terme, donne le droit et non l’obligation, d’acheter ou de vendre un actif à un moment donné à un prix donné et on effectue une transaction financière pour rentrer dans ce contrat, proportionnelle au risque que transféré d’une partie à l’autre. Le droit d’acheter l’actif est appelé « call » et le droit de le vendre est appelé « put », le prix convenu est appelé « strike price ». Si le jour venu votre strike price est plus intéressante que le prix de l’actif à ce moment-là, on dit que votre option est « in the money » (ITM), si votre option est moins intéressante on dit qu’elle est « out of the money » (OTM) et si elle est aussi intéressante que le prix actuel, on dit qu’elle est « at the money » (ATM). Si votre option vous donne seulement la possibilité d’exercer votre droit à une date donnée, on dit qu’elle est de style européen, si vous pouvez l’exercer à n’importe quel moment jusqu’à la date convenue on dit qu’elle est de style américain. Plus le prix de l’actif sous-jacent est volatile, et plus il est facile d’exercer l’option (par exemple si elle est de style américain), plus il y a de fortes chances que l’option soit in-the-money, plus la valeur de l’option augmente, car le détenteur transmet beaucoup de risque à sa contrepartie. Vous trouverez aussi en bourse de commerce des options sur la météo, pour vous protéger en cas de mauvaises récoltes par exemple. L’intérêt de ces options est qu’elles peuvent facilement créer de gros effets de levier étant donné qu’une option vaut typiquement 2-10% de l’actif sous-jacent, puis comme c’est échangé en bourse on peut s’en débarrasser rapidement si on ne peut pas les exercer faute de moyens ou d’actif. Pour les matheux intrigués je conseille en introduction le modèle de Black-Scholes. Sur le marché gré-à-gré on va retrouver tous les contrats divers et variés susmentionnés. Une warrant est une option non-échangeable émise par une banque en série limitée. Ensuite on a les options exotiques, qui sont tout un tas d’options avec des règles particulières. Pour vous donner des exemples on a des options pour échanger des actifs (pourquoi pas du blé contre une action Google ?), les options style asiatique qui vous donnent le droit d’acheter un actif à son prix moyen sur une période donnée (pour vous protéger de la volatilité) ou les options style parisiennes qu’on ne peut exercer que si le prix du sous-jacent est dans certains clous pendant une certaine période (pour vous protéger de la manipulation des cours). Le swap ou contrat d’échange est quand deux parties se mettent d’accord pour faire plusieurs contrats à terme à répétition, nous allons en voir des exemples plus tard. Je m'attarde un peu sur le repo car c'est très discuté dans les actualités récemment. J'y ai fait référence dans mon post sur la monnaie. Un repo est une transaction spot (actif contre capital) plus un contrat forward pour que l'actif soit racheté à une période future. C'est une façon pour une institution financière d'emprunter de l'argent à une autre (souvent pour une très courte période, parfois 24h), comme la banque centrale, sans que l'autre partie ne prenne quelconque risque, tant est que l'actif échangé soit fiable, comme un bon du trésor. La banque centrale injecte des liquidités temporairement, elles reviennent dans ses coffres le jour suivant. Ce n'est pas comme le Quantitative Easing où l'actif est définitivement acheté par la banque centrale et l'argent est injecté durablement dans le système. La banque centrale fait des repo pour imposer pratiquement par la force les taux qu'elle veut transmettre au reste de l'économie, surtout lorsque les banques commerciales ne se font plus confiance et font grimper leurs taux au-delà des limites définies par la banque centrale. Les couvertures de défaillance servent à rembourser les détenteurs d'obligations lorsque l'entreprise sous-jacente fait défaut (c'est un contrat d'assurance).
Synthèse de l'organisation et de la classification des marchés
D – Les marchés selon les types d’actifs
Le marché monétaire (que j’ai couvert en détail dans mon post précédent) est le marché où les liquidités excédentaires sont prêtées pour une période courte aux entreprises, particuliers ou Etats qui en ont besoin, moyennant une rente nommée intérêt. je vous renvoie à mon post sur le sujet
Le marché de la dette long-terme est là où se financent les participants qui veulent des fonds pour une période supérieure à deux ans, moyennant intérêts. On appelle le marché où s’échange entre investisseurs la dette long-terme le marché obligataire. On a des obligations de différents types en fonction des intérêts versés ou des options attachées à l'obligation. Une obligation a un principal et un coupon (l'intérêt versé périodiquement). Une obligation sans coupon est un zéro-coupon et au lieu de verser un intérêt, on prête initialement une somme au débiteur qui est inférieure au principal qu'il doit rendre à la fin du contrat. Le principal peut être remboursé progressivement comme pour une dette immobilière (amortissement) ou en totalité d'un coup à la fin du contrat (bullet bond). Le coupon peut être à taux fixe ou variable. Si c'est variable ce sera en général le LIBOR + une petite prime de risque/liquidité ou bien une grosse prime - le LIBOR. Comme on peut revendre des obligations sur le marché secondaire, leur prix va varier en fonction du risque que le débiteur fasse défaut et des taux. Si les taux en vigueur aujourd'hui sont meilleurs que celui de votre obligation, sa valeur relative décroît. C'est pour cela que les obligations d'Etat ont un risque de prix sur le marché secondaire et ne sont pas sans risque, le risque de défaut n'est pas le seul risque d'une obligation. Une des propriétés vertueuses des obligations est la convexité, en termes simples, une obligation peut plus facilement prendre de la valeur si les taux baissent, qu'elle ne peut en perdre si les taux augmentent. On trouvera sur le marché des dérivés des couvertures de défaillance (CDS), des repo et des swaps pour échanger des taux fixes contre des taux variables, ainsi que des mortgage-backed-securities (MBS) qui regroupent de nombreux crédits immobiliers d'une banque régionale ou des collateralized-debt-obligations (CDO) qui regroupent des crédits et d'autres instruments financiers pour produire un actif complexe avec un risque personnalisé (souvent très élevé). Ce sont les CDO, les MBS et les CDS qui ont causé la crise de 2008 comme les agences de notation n'ont pas fait leur rôle et ont sous-estimé le risque de ces produits.
Le marché action est le marché où s’échangent les parts des entreprises. Une action représente la valeur résiduelle des profits (ou de la liquidation) d’une entreprise une fois que tous les créanciers (l’Etat compris) sont payés. Certaines actions ont des droits de votes, d’autres non. Elles versent une rente appelée dividendes, qui sont variables en fonction des résultats de l’entreprise ainsi que de ses besoins en capital. Une définition alternative d’une action est une dette à durée indéterminée/illimitée. En bourse on va calculer la valeur intrinsèque de l'action en faisant la somme des dividendes futurs qu'on espère plus le prix de cession espéré divisisés par un taux qui représente le risque de l'investissement et le retour minimum qu'on attend en échange. Alternativement on calcule la valeur liquidative des actifs de l'entreprise moins sa dette si on pense qu'elle va faire faillite. Plus un dividende est éloigné dans le temps, moins il comptera dans la valeur intrinsèque, puis si l'on estime que le risque est élevé, les dividendes lointains ne comptent quasiment pas. Si on pense que le marché est efficace, deux autres méthodes populaires existent, la première est appelée les multiples. En gros on regarde les entreprises comparables et on calcule ler prix divisés par leurs revenus par exemple, puis on multiplie les revenus de l'entreprise qu'on analyse par ces multiples pour avoir une idée de sa valorisation relative. Sinon, on regarde à quel point l'action varie en même temps que le restedu marché. Si l'action varie moins fortement que le marché, on lui donne une valeur plus grande, inversement si elle varie plus fortement on baisse sa valeur car on considère que c'est une action risquée. Hors bourse, il y a plusieurs méthodes. Si l'entreprise est toute nouvelle on va surtout valoriser la compétence des entrepreneurs pour estimer le risque, si l'entreprise gagne déjà de l'argent mais ne verse pas de dividendes on va regarder ses flux de trésorerie et son EBITDA. On classifie les actions en fonction des secteurs industriels, du prix par rapport aux revenus nets, flux de trésorerie et aux dividendes (Value et Growth) ainsi qu'en fonction de leur capitalisation boursière. On trouvera ici nos options, mais aussi des indices boursiers qui font la moyenne des rendements (en terme de prix et de dividendes) d'un groupe d'actions, soit à part égale pour chaque entreprise, soit pondérée par leur capitalisation boursière ou leurs prix par action individuelle. Ces indices sont suivis par des fonds indiciels, qui peuvent être soit des fonds mutuels (achetés en gré-à-gré) ou des ETF (achetés en bourse/courtiers). On trouvera ici nos options, nos warrants, des equity swaps (échange de dividendes par exemple) ou des total return swaps (pour les ETF synthétiques, voir mon post sur le sujet).
On notera que le marché action et le marché obligataire forment le marché dit des capitaux.
Le marché des changes (Foreign Exchange ou tout simplement ForEx en anglais) est le marché qui fait jonction entre les différentes économies et permet de convertir une monnaie en une autre – la monnaie ne verse pas de rente mais est sujette à l’inflation/déflation de l’économie qu’elle représente. L’offre et la demande d’une monnaie est déterminée par l’attractivité de l’économie – si beaucoup d’investisseurs étrangers veulent y investir, la demande pour la monnaie va croître et sa valeur relative va s’apprécier, ou bien si des ressortissants d'un pays veulent renvoyer des liquidités chez eux. Alternativement certaines monnaies sont fixées à d’autres monnaies ou, rarement aujourd’hui, fluctuent en fonction du prix de certaines matières premières et de la quantité d'icelles possédée par la banque centrale par rapport à la demande de la monnaie. Dans le cas des cryptomonnaies, en plus de la demande et l'offre de monnaie, on valorise aussi la qualité des services, la capacité de calcul allouée et coût pour effectuer les transactions. Ici on peut faire des swaps de monnaie, en gros simuler le coût d'un échange de monnaie sans s'échanger réellement la monnaie. Ca permet de couvrir le risque de change sans passer par le marché classique.
Le marché alternatif est composé de plusieurs marchés comme le marché des matières premières (représenté par les bourses de commerce) où s’échangent métaux précieux, l'énergie, le pétrole et blé entre autres, le marché des fonds d’investissement à stratégies alternatives type private equity/venture capital/hedge fund avec des stratégies impossibles à réaliser pour des particuliers seuls, le marché de l’immobilier – où la rente est appelée loyer, le marché des œuvres d’art, du vin et j’en passe et des meilleurs. Sur les matières premières on va aussi trouver des indices de prix (commodity indexes), des futures sur l'or, des options sur la météo et des forwards sur des matières exotiques. L'immobilier est classé en plusieurs catégories comme le résidentiel, le commercial et les bureaux, les actifs peuvent être détenus en direct ou à travers des fonds privés ou cotés.
En résumé
Voilà une synthèse de la finance aujourd'hui. J'ai omis des sujets comme la FinTech car cela sort du propos, mais, tant est que la modération l'accepte, je vais publier une brève histoire de la finance qui comprendra cela. J'ai fait exprès d'aborder certains sujets sans trop les creuser, notamment les bulles financières, car je préfère répondre à des questions précises plutôt que de me lancer dans une explication qui va perdre tout le monde. Je n'ai pas eu le temps de faire tous les graphiques et schémas que je voulais mais si vous en voulez en particulier ce sera avec plaisir. Si vous voulez des sources pour des éléments particuliers hésitez pas, j'ai toute une bibliographie d'articles et de livres. Merci à ceux qui m'ont encouragé à écrire ce post.
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Conseil pour gde débutante - que faire de mon épargne / comment acheter des parts Tesla ?

Bonjour,

J'ai 10000 € d'économies, je voudrais essayer de les faire fructifier, en gardant 4000€ d'accessibles en cas de souci.
Je ne sais pas comment faire, j'ai tenté le trading du FOREX mais ça me semblait trop aléatoire.
Et je suis de près l'actualité concernant Tesla, je crois au produit et au concept, j'envisage de placer une bonne partie de mes économies dans leurs actions.

J'aimerais demander aux usagers de ce forum leurs conseils éclairés quant-à :
- ce qui leur semblerait être la meilleure chose à faire avec mes économies
- la meilleure méthode pour acheter des actions TESLA, si ça leur semble être une bonne idée (par quelle compagnie passer pour avoir le moins de frais possible) - par ex j'ai trouvé stock.com.au qui a l'air chouette mais on m'a dit qu'il y aurait peut-être des taxes à payer à la fois en France, en Australie et aux US ^^' Et niveau conversion monétaire j'ai du mal à comprendre comment les frais fonctionnent. Aussi je ne sais pas si il faut que je me dépêche pour acheter avant que toutes les actions ne soient vendues.

Voici les renseignements que le post d'accueil conseille de fournir :
Voilà, j'apprécierais beaucoup si d'aucuns prenaient le temps de me conseiller :)
Cheers !!

Lena
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La magie des intérêts composés

https://success-rich.com
https://success-rich.com/la-magie-des-interets-composes/
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Everything You Need to Know About WaykiChain

Everything You Need to Know About WaykiChain
https://preview.redd.it/6gvkwst0chw11.png?width=880&format=png&auto=webp&s=8e34f501819e16b6c2c286b9c02c9f357a15ba0a

What is WaykiChain?

WaykiChain is a block public chain focusing on blockchain technology development and related operations. WaykiChain has positioned itself as an infrastructure that is based on both Ethereum and Blockchain, intending to trigger a collective growth of different industries by presenting an enterprise solution.

Determined to build a world-class decentralized platform and ecosystem, WaykiChain launched the first smart-contract-based game prediction DApp in May 2018 with over 130,000 install volume, token WICC listed in 100+ exchanges, peaking at $3, community members over 300K, is believed to be innovating a new business model in the new era.
WaykiChain, a team focused on blockchain industry’s foundation and application development, now consisting of nearly 70 people, with core members from world-renowned companies such as Alibaba, Tencent, Morgan Stanley and Intel, is hoping to ultimately achieve an ecosystem that everyone can participate in the building and share the results.

Where is WaykiChain Heading?

The future of WaykiChain is a big community-driven public chain ecosystem. WaykiChain aims to build a decentralized application platform that can provide users with complete on-chain smart contract system. Anyone can realize their business ideas on WaykiChain and develop their own DApp, and build their own brands.
WaykiChain takes decentralized prediction, assets trading and forex trading as entry industries to expand markets in the early stage. After accumulating plenty of application users and developers, WaykiChain will gradually perfect its upper blockchain applications.
Currently, WaykiChain tech team is focusing on underlying public chain development. WaykiChain will provide friendly development environment to developers with sufficient development templates an interfaces. Besides, WaykiChain team plans to take a part of WICC as reward those developers who have made important contributions to the community. WaykiChain is committed to building an underlying technology platform that truly integrates blockchain application and real business. Along with its development, WaykiChain will gradually grow into a big ecosystem with totally decentralized operations, and brings the convenience of blockchain to every user.

Further Reading

White Paper
WaykiChain white paper is in update now, and will be available soon.
Huobi Project Center
https://www.huobi.br.com/projectcenteproject/?id=91&utm_source=Marketing&utm_medium=Referral&utm_campaign=WICC
Waykichain Developer-Friendly Community
http://www.waykichain.com/announcement.html?id=887

WaykiChain’s Technology

Consensus Mechanism
Delegated Proof of Stake (DPoS) is a consensus algorithm maintaining irrefutable agreement on the truth across the network, validating transactions and acting as a form of digital democracy. Delegated through token holders’ vote, ledgers nodes will package all the transactions in the block and get corresponding reward. DPOS can maximize token holders’ interests and network performance, meanwhile minimize the maintenance and operation costs.
WaykiChain adopts DPoS, which is the most adaptive consensus mechanism for developing and operating applications on chain. The block is successively generated by 11 ledger nodes. Every 10 seconds, a new block will be generated on WaykiChain. Verified by WaykiChain mainnet operation, the transaction confirmation speed can reach 1000+tps.
Vote Mechanism
WaykiChain adopts DPOS consensus mechanism with 11 ledger nodes. When a block is generated, a node is elected with the most votes according to random perturbation algorithm from the 11 nodes. Then ledger node gains all of the transaction fee in its ledger block. Users can get proportionate votes by locking their WICC. Every node can be cast for 11 candidates at most. Every voted user will be awarded proportionate interest. When users’ corresponding accounts’ votes changes, the interest from voting will be received automatically. The first year’s rate of interest is 5% and it will decrease 1% annually during the following years. Finally, the annual rate of interest will be fixed at 1% permanently.
Smart Contracts
WaykiChain is a smart contract platform that supports Turing devices. These smart contracts can help in a variety of real-world applications including copyright issues, decentralized exchanges and asset problems. It adopts DPOS consensus mechanism, sets up 11 voting nodes, and generates a new block every 10 seconds. According to detailed calculation by WaykiChain team, currently, the confirmed transaction speed can reach 1000+tps.
WaykiChain’s smart contract can be built using the programming language Lua. Lua was developed in the early 1990s and has an extensive developer community. It has been used in desktop development, web development and the Internet of Things. It also is one of the easiest programming languages and hence it provides an incentive for developers to code on WaykiChain’s platform.
Sidechain
The most popular smart contract cryptocurrency Ethereum, failed when Cryptokitties were released. Ethereum’s network was unable to handle the massive influx of users. Thus, scalability remains a huge problem. Fortunately, WaykiChain has a feature known as sidechains which can deal with huge amount of users. Applications built on WaykiChains will have their own sidechains and they are not linked in any way to each other.
WaykiChain Ecosystem Development System
WaykiChain ecosystem development system is driven and co-developed by three parties: WaykiChain core developers, open source community developers and business developers. In the decentralized system, WaykiChain team will provide technical standards and community contribution incentives to ensure that the entire ecosystem moves forward as a whole. On the basis of the underlying public chain, plug-ins, and smart contracts, business developers are able to develop applications efficiently and build their own brands with blockchain’s credit endorsement.
WaykiChain plans to establish Technology Research Academy to gather a group of outstanding developers with decentralized blockchain beliefs. WaykiChain will provide underlying technology support and standards. Developers in the academy can free communicate, learn from each other and co-develop a fully decentralized community.
Ecosystem Layered Architecture
WaykiChain technology stack consists of four layers: the core node layer, the wallet node layer, the application platform layer, and the DApp application layer. Any developer can choose which layer to start development based on their own development capability, business needs, and application flexibility needs. WaykiChain core technology team is committed to providing the develop-friendly interfaces of each layer and improving the technical documentation to help the community better build the ecosystem.

Further Reading

WaykiChain Github: https://github.com/WaykiChain/WaykiChain
How Does WaykiChain Work?
WaykiChain uses a DPoS consensus mechanism with eleven accounting nodes. The annual rate of return is 5% for the first year, with a 1% increase with every year that goes by. Each time a block is created, an accounting node is randomly associated. The accounting node gains all of the transaction fees in its accounting block. Users can earn interest by locking WaykiChain coins. The interest is automatically determined each time the votes for the corresponding user account change.
The terms of betting are triggered by the initiator through smart contract transactions. Users can initiate various betting contract transactions, all of which can be searched and identified in the block browsers. When the betting is over, the bet initiation will publish the final results and the gaining will be then shared accordingly. In short, the betting revenue is automatically issued to the user’s wallet after the betting results are displayed.
The smart contract provided by the platform makes it possible for asset initiations to create dividend sharing rules. These rules are only triggered by various conditions. Hence, the final price of the assets in circulation will be determined by the market’s behavior towards the object in the transaction.

WaykiChain Applications

Token System
Waykichain Token, WICC is a token only used and circulated in WaykiChain Wallet DApp. WICC itself does not have any FIAT characteristics. By consuming WICC as a kind of fuel, users can use applications on WaykiChain; by locking their WICC for a certain period of time, users can share the revenue from WICC Lock Revenue Sharing Plan; and by voting for effective and stable accounting nodes, users can earn related interest. WICC can be obtained by participating in the lock plan, by accounting, voting, and subscription, or by trading with other holders. This means WICC will be listed on lots of exchanges and traded with other cryptocurrencies, thus WICC also has trade value.
WaykiChain Block Explorer
WaykiChain official block explorer is a data display system for WaykiChian applications, which displays the WICC transfer and transaction records, account balances, prediction games transactions, and payout results according to application data on the blockchain. All data is open and transparent and inherently irreversible.
WICC Lock & Revenue Sharing Plan
In order to reward all community supporters and provide a channel for application operators to make retribution to community, WaykiChain launched WICC Lock & Revenue Sharing Plan. Application operators can provide a portion of the proceeds to the community members to encourage their contribution to the entire public chain, and to motivate the community to continuously improve the public chain as a more robust underlying system. Investors can lock their own WICC, as a way of showing long-term optimism about the project, to get a certain amount of revenue.
Investors can lock a certain number of mainnet WICC through the entrance in WaykiChain DApp. During the lock period, this part of WICC cannot be traded, transferred, or consumed as transaction fee. When the lock period expired, WICC will be automatically unlocked and become tradable. During the lock period, investors will receive WICC revenue at the end of each month. The amount of each investor’s WICC revenue is related to his/her WICC lock volume and duration, total WICC revenue generated during the period, and the total WICC lock volume and duration of all investors participating in the lock plan during this period. Specific calculating formula is as follows:
WICC Lock revenue Calculation Formula:
Each investor’s daily WICC revenue = Each investor’s lock index / The sum of each investor’s lock index * Total WICC revenue that day
Each investor’s lock index = Each investor’s WICC lock volume * Time index * Volume index

https://preview.redd.it/7c273o53chw11.png?width=689&format=png&auto=webp&s=219d1e810f4d9217c55c336273b6d2f021257dfa
Time Index Table
Decentralized App
The first smart contract based application delivered by WaykiChain’s team is the WaykiChain decentralized betting application. In this application, the smart contract will assign a time duration in which the user can engage in the betting process. All the conditions related to betting will be given. When a bet is finished, the contract will release the results. The smart contract will then reward the winners.
This DApp was launched in May 2018, attracting over 130,000 users to download and bet and has been upgraded to V2.1 ever since. The latest product WaykiBet DApp V2.5 is planned to launch in November along with a new WaykiChain wallet.
WaykiBet V2.5 enables a new feature that everyone can be a bookmaker. With the authoritative event data and services provided by WaykiChain DApp, user even without any technical or product background can build a bet in simply one-click. And at the end of the game, WaykiBet will automatically call the smart contract to calculate the bet results and deliver payouts, without any manual participation.
Besides, WaykiBet V2.5 has exempted the betting fee through the structure optimization and allows the player to participate in the betting directly after creating a new wallet without activation to ensure users outside of the cryptocurrency industry can be involved in the easiest manner.
WaykiTimes Wallet
The new WaykiChain wallet, named as WaykiTimes will retain the original wallet functions, such as Lock Revenue Sharing and node voting. The newly added “Forum” gathers the community of WaykiChain and blockchain together, will become an ecology of open communication. Meanwhile it will has a “News” section to meet different users’ needs. In the future, WaykiTimes will implement WaykiChain token economy to encourage the community members.
Getting Setup
Download WaykiBet DApp V.2.5 at official website: https://www.waykichain.com/

Meet the Team

WaykiChain team is comprised out of over 60 individuals with relevant experience in marketing, business, betting, lottery, betting and crypto industries.
Wayki Sun, Founder & CSO
One of the earliest digital currency investors and entrepreneurs in China. The founder of Xinhuo Network, the founder of Ou Lu Zhong Chou and the Managing Director of Jufeng Digital Asset Management Co., Ltd. Sun led an investment team of hundreds of people with great achievements made in stock, foreign exchange, futures and digital currency markets.
Gordon Gao, CEO
Gordon Gao, an alumni of Columbia University, ex-Lead Data Scientist of Fishbowl in Wall Street, ex-Senior Data Analyst of Alibaba Group, senior member of Mensa International Club. He is responsible for offering support to WaykiChain’s commercial model designing and strategy planning, building up a digitalized monitor system for products and operation and promoting WaykiChain overseas with his international background.
Tony Chau, Co-founder & CBO
Bachelor’s Degree in Finance from the University of Toronto in Canada and served in Hongshang Asset Management Co., Ltd. Focused on industrial surveys and commercial analysis, with in-depth research and distinctive perception on business operation models, and professional financial knowledge and complete project experience.
Tame Huang, Chief Consultant
The founder of BTC38, served as Product Manager and Project Manager of Tencent, Vice President of Fantasy Basketball, and Chief Strategy Officer of Licai Box; Huang was involved in the investment on more than ten high-tech enterprises, such as Jidian Technology, Yixiang Network, Maoming Rural and Commercial Bank, Jujin Technology, Cointime, etc., and established the Bitcoin Time Digital Currency Exchange in May 2013.
Xi Zhang, CPO
Tsinghua MBA, former Senior Product Manager of Tencent. Xi Zhang has been engaged in Internet industry for 14 years with several entrepreneurial experiences. In 2008, he joined aibo123.com as Product Director, responsible for the product design and operation of Olympics lottery. In 2014, he stared his own business and founded QiuShang APP, the first prediction APP in China applying big data prediction with 8% return rate and 67% win rate. In 2016, as a partner, he joined the Haiqiu Technology founded by famous football player Sun Jihai, responsible for the Miaohai business unit. He was fully responsible for the products, technology, operations, and marketing of Miaohai sports short video APP. The total downloads of Miaohai APP were 6 million and daily active users were 1 million.
Richard Chen, CTO
Master of Computer Science from the National University of Singapore and Bachelor of Communication Engineering from Shanghai Jiao Tong University. Richard worked for Alibaba and was responsible for the internal and external information security system construction of the entire groups Customer Service Department. Prior to this, Richard also served as Senior Vice President for the worlds top investment bank Morgan Stanley for 3 years and Intel Chief Architect for 8 years. Richard has received four US patents and won Intel Achievement Award (IAA). Richard has published several global patents in encryption technology, distributed network communication and collaboration, and big data.
Xiang Li, CMO
MBA degree from Tsinghua University, former COO of Brightoil Online under Brightoil Petroleum (Holdings) Limited, senior manager of Dacheng Food (Asia) Limited, has over a decade of experience in marketing and brand building. Ms. Li is an expert in building brand strategy, brand positioning, advertising channels, event marketing, crisis management, etc. Now Ms. Li is the marketing director of WaykiChain, responsible for the brand operation of WaykiChain in the global market and marketing cooperation.
Getting Connected:
  1. Website: https://www.waykichain.com/aboutUs.html
  2. Telegram: https://t.me/wiccofficial

FAQ:

What is WICC? How to Buy WICC?
WICC is the token launched by WaykiChain. In order to buy WaykiChain (WICC), we recommend you to buy some BTC or ETH (the highest volume trading pairs) from an exchange that accepts them. Then, you will have to find a marketplace that sells WICC in exchange for the aforementioned cryptocurrencies. We recommend you to buy WICC at AEX or Huobi Exchange (AEX has already supported WICC mainnet migration, Huobi will support the migration in November, 2018). For more information on this matter, you can visit CoinMarketCap.
When it comes to storing your WICC coins, it’s recommended that you use the official WaykiChain wallet. By consuming the tokens, you can also use various applications on WaykiChain.
What is the use of WICC?
WICC is a token used and circulated in WaykiChain Wallet DApp. WICC itself does not have any FIAT characteristics. By consuming WICC as a kind of fuel, users can use applications on WaykiChain; by locking their WICC for a certain period of time, users can share the revenue from WICC lock plan; and by voting for effective and stable accounting nodes, users can earn related interest. WICC can be obtained by participating in the lock plan, by accounting, voting, and subscription, or by trading with other holders. WICC has been listed on over 100 exchanges and trading with other cryptocurrencies for almost 1 year, thus WICC also has trade value.
What are WaykiChain’s advantages as a public chain 3.0?
There are three different types of blockchain: public chain, consortium chain, and private chain. Public chain refers to the consensual blockchain that any individual or team can read and send transactions to, and obtain valid confirmation. Public chain, also known as the non-license chain, is totally open to the whole network that any node can access or leave at any time without any permission. As a public chain of blockchain 3.0, WaykiChain has the advantages of high speed, high stability and flexibility, and low handling fee, providing rich development tools and perfect development environment for worldwide developers. Adopting DPoS consensus mechanism, sidechain technology and other technologies, WaykiChain can process 1000+ transaction requests per second. Relying on its strong strength of underlying technology and innovation, WaykiChain can effectively support high-traffic application scenarios and realize the landing of WaykiChain ecological applications.
What is WaykiChain decentralized betting application?
WaykiChain decentralized betting application is the first smart contract application launched by WaykiChain team. Each betting is triggered by the application developer via a smart contract. During the period specified in the contract, the users can initiate betting transaction, and all betting records can be traced on the blockchain browser and can never be tampered with. The smart contract will automatically reward the winners based on the final result. WaykiChain will use smart contract to automatically execute the game rule on its public chain. Instead of relying on trust between people, WaykiChain betting application adopts trust among machines to save credit costs, and guarantees full compliance with the rules setting. Besides WaykiChain Official, the developers of the decentralized applications can be any other third-parties. WaykiChain welcomes all developers to join.
What is WaykiChain Address?
WaykiChain address is a 34-bit string consisting of English letters and numbers that may look like digital gibberish. My WaykiChain address WXv6xP8yVW4PkZ3DPvxqfBtfz7Bof1RJHm, as an example, looks like this. All transfer records for each WaykiChain address can be found through the blockchain explorer. The address is a personal WaykiChain account like your bank account number. Anyone can transfer WICC to you via your WaykiChain address. How do I get my own WaykiChain address then? You can download a WaykiChain Wallet on WaykiChain official website, or register one on trading platforms. Each user’s WaykiChain address is unique. It should be noted that each WaykiChain wallet can only create one address, therefore the wallet mnemonics must be kept carefully.
What consensus mechanism does WaykiChain adopt?
WaykiChain adopts DPOS consensus mechanism, a new algorithm to guarantee the security of cryptocurrency network. DPOS consensus mechanism can offset the negative effects of centralization through implementing technology-based democracy, and maximize the effectiveness of the public chain through nodes accounting. DPOS can be understood as giving the token holders a key to open the voting rights corresponding to their tokens, instead of giving them a shovel to mine. DPOS can maximize the profitability of the token holders, minimize the cost of network security, maximize the efficiency of network, and minimize the cost of network operation. WaykiChain has 11 accounting nodes in total. The nodes are generated by the token holders’voting. If nodes are making trouble or cannot account normally, the token holders can change their votes, so that there will be other nodes to replace to ensure that the public chain can be operating normally.
What is WaykiChain mainnet migration?
WaykiChain (WICC) mainnet migration is the process of replacing the previous Ethereum-based token ERC20 TOKEN with WaykiChain mainnet token. WaykiChain public chain, through several months of testing and rigorous evaluation from the exchange platforms after its release, has been fully proven to operate efficiently and stably. Mainnet migration marks that WaykiChain public chain is actually putting into use. After the mainnet migration, various applications and developments based on WaykiChain can be launched, and the service period of WaykiChain public chain truly starts. The dividend mechanism, voting mechanism, gas consumption, and accounting fees on WaykiChain ecosystem are all completed by the mainnet token. The previous ERC20 tokens do not have these functions. By the end of June 26th, AEX Exchange, CEO Exchange, and Bying Wallet have supported WICC mainnet migration. There will be more exchanges and wallets supporting the migration in the future. Please follow WaykiChain’s Wechat official account for more details.
Are there any requirements or restrictions for developing projects on WaykiChain?
WaykiChain’s code is completely open. WaykiChain welcomes third parties worldwide to develop, carry and operate various application products on WaykiChain, and finally form a diversiform public chain community ecology. WaykiChain is happy to provide public chain technology support for any individuals or third parties. Applications developed and operated by third parties, based on WaykiChain public chain, need to comply with local laws and policies. Only after obtaining related licenses, permits or qualifications required by local laws and policies, developers and operators can launch and operate their applications on WaykiChain. Because of blockchain public chain’s globality, anonymity, open code, and the limitation of our ability, WaykiChain Official cannot judge the identity of third parties, nor have the ability and right to verify, supervise, control or interfere the third parties. Therefore, third parties should bear responsibility of their own actions.
What is WaykiChain Block Explorer?
WaykiChain Block Explorer is a system that displays all transaction information on WaykiChain and provides visualized track services. Technically, a block explorer works by scanning the block into the database server and then setting up a Web access service. Users only need to import the transaction hash to check whether the transaction has been packaged and confirmed. From the point of product, block explorer is more suitable to be called as asset explorer, which provides asset certification for users so that they don’t have to visually identify or manually analyze the transactions themselves. The block explorer also provides statistics of blocks and transactions, helping users to directly understand the activity of the blockchain. The statistics can also be translated into various indexes for investors to understand the project. To track the transactions, users can search relevant information on WaykiChain official website through WaykiChain wallet address, transaction hash or block height.

Further Reading

https://www.waykichain.com/question.html

Wish List for WaykiChain

Just thinking it would be great to create a post for everyone to post what they want to have for future releases of the Waykichain DApp or anything related to using Waykichain.
Welcome feedback from the community, so please do get in touch. Want to dive in further? Follow WaykiChain onTwitter, Medium and LinkedIn.
submitted by Waykichain to u/Waykichain [link] [comments]

Où placer mon argent ?

Salut à tous. Voici un panorama des possibilités de placement actuellement offerts en France. Dès que nous aurons un wiki j'y mettrai ce contenu que chacun puisse contribuer. Edit: Du Gold ? Merci beaucoup !
Évaluation:
Avis Explication
:-) Recommandé pour tous
:-/ Recommandé dans certains cas seulement
:-( non recommandé
Taxe:
Raccourci Explication
IR Impôt sur le revenu (5,5% à 41%)
PL Prélèvement libératoire (24%)
CS Cotisations sociales (15,5%)
Epargne court terme (0-5 ans)
Nom Avis Rendement Risque Taxe Blocage ? Max Commentaire / Recommandations
Livret A :-) 0,75 % Aucun risque Néant Disponible immédiatement 23 k€ Un rendement de plus en plus faible mais l'absence d'imposition et la disponibilité immédiate en fait un support idéal pour l'épargne de précaution. Y placer 6 mois de salaire. Utiliser un Livret jeune ou LEP si possible avant un livret A.
LDD :-) 0,75 % Aucun risque Néant Disponible immédiatement 12 k€ Identique au Livret A, à utiliser lorsque le plafond du livret A est atteint.
Livret jeune :-) 1,25% typiquement Aucun risque Néant Disponible immédiatement 1,6 k€ Seulement pour les moins de 25 ans, à utiliser avant le livret A si éligible. Plafond très faible.
Livret d'épargne populaire :-) 1,25 % Aucun risque Néant Disponible immédiatement 7,7 k€ Disponible sous plafond de ressources (19k€ de revenus par an max pour un célibataire), à utiliser avant le livret A si éligible.
Comptes à terme :-( Variable (0,5 %) Aucun risque IR + CS Bloqué entre 1 et 5 ans Néant Rendements très faible, imposition des bénéfices, épargne bloquée, les comptes à terme des banques n'ont actuellement aucun intérêt
Livrets bancaires :-/ typiquement 0,5 %, taux promotionnels jusqu'à 3% Aucun risque IR + CS Disponible immédiatement Néant Rendements très faible, imposition des bénéfices, les livrets bancaires sont utiles seulement pour placer temporairement des liquidités disponibles
SICAV monétaires :-( Variable, moins de 0,5% Aucun risque IR + CS Disponible immédiatement Néant Les SICAV monétaires n'offrent plus que des rendements quasiment nuls
Warrants :-( -100% à +10000% Risque extrême IR + CS Disponible immédiatement Néant Produits à effet de levier qui permettent d’amplifier les variations d’un actif à la hausse comme à la baisse. Autant jouer au casino c'est moins risqué. Seules les banques qui les commercialisent gagnent de l'argent avec les warrants.
FOREX :-( -100% à +10000% Risque extrême IR + CS Disponible immédiatement Néant Produits à effet de levier qui permettent de jouer sur les marchés des devises. Déconseillé aux particuliers.
Epargne moyen terme (5-10 ans)
Nom Avis Rendement Risque Taxe Blocage ? Max Commentaire / Recommandations
Assurance vie :-) :-) Variable 2,5 - 3% (fonds euros) / Performance boursière (unités de compte) Aucun risque (fonds euros) / Risque élevé (unités de compte) CS Pas de blocage mais imposition des bénéfices si retrait avant 8 ans Néant LE support pour construire et transmettre un patrimoine. Ouvrez-en une aujourd'hui pour prendre date. Aussi pour les enfants, dès leur naissance, plutôt qu'un livret A. Attention aux frais: privilégier les assurances vies en lignes sans frais sur les versements et pas plus de 0,6% par an de frais de gestion. Ne pas ouvrir son assurance-vie dans une grande banque. Ne pas tout placer sur le fonds en euros, affecter une partie sur des unités de compte pour dynamiser (en fonction de la tolérance au risque). Permet également de transmettre 150k€ en franchise de droits de succession.
PEE :-) Selon supports disponibles dans le plan Aucun risque (supports monétaires) à risque élevé (supports actions) CS 5 ans mais nombreuses possibilités de déblocage Néant Le PEE est doublement intéressant: les gains sont défiscalisés et l'employeur peut abonder les versements (jusqu'à les tripler, plafond de 3400€/an) également sans imposition des abondements employeur.
PEA :-) Performance de la bourse Risque élevé CS Non bloqué mais le retrait avant 5 ans entraîne l'imposition à IR 150 k€ Le PEA ne peut être investi qu'en actions de l'union européenne, excellent support pour investir en bourse sans payer l'IR, à condition de conserver au moins 5 ans
PEL :-( 1% Aucun risque CS 4 ans 61 k€ Le PEL n'est plus très intéressant avec la baisse des taux de crédit immobilier, et son taux d'épargne de 1% est inférieur à l'assurance-vie
CEL :-( 0,50% Aucun risque CS 2 ans 15 k€ Plafond bas, rémunération quasi-nulle, le CEL n'a aucun intérêt
SICAV obligataires :-( Variable, moins de 1% Risque moyen IR + CS Disponible immédiatement Néant Les SICAV obligataires n'offrent pas actuellement de performances attirantes pour cause de taux faibles.
SICAV actions :-/ Performance de la bourse moins frais Risque élevé IR + CS Disponible immédiatement Néant Les SICAV actions sont un moyen efficace de dynamiser son épargne mais supportent des frais supérieurs aux trackers. A placer dans une AV ou PEA pour éviter IR sur bénéfices.
Trackers actions :-) Performance de la bourse + dividendes (2%/an) Risque élevé à très élevé en fonction du secteur choisi IR + CS Disponible immédiatement Néant Les trackers permettent de dynamiser son épargne avec un minimum d'effort et de frais. A placer dans une AV ou PEA pour éviter IR sur bénéfices.
Actions en direct :-/ Performance de l'action individuelle + dividendes (néant à 5% selon l'action) Risque élevé à très élevé en fonction de l'action choisie IR + CS Disponible immédiatement Néant Les actions en direct sont à réserver à des investisseurs avertis pour une faible partie du patrimoine. A placer dans une AV ou PEA pour éviter IR sur bénéfices.
Epargne long terme (+10 ans)
Nom Avis Rendement Risque Taxe Blocage ? Max Commentaire / Recommandations
SCPI (Société civile de placement dans l'Immobilier :-) Variable dans les 5% historiquement Risque moyen lié à l'évolution des prix immobiliers CS + IR mais généralement effacé par un déficit foncier Pas de blocage mais marché de la revente limité et lent Néant Excellent support pour investir dans l'immobilier sans contraintes avec l'objectif d'un complément de revenus pour la retraite ou pour devenir rentier. Les frais importants à l'entrée en font un placement de long terme.
PERP :-/ Variable selon les contrats dans les 2-3% Sans risque généralement Primes versées déductibles des revenus en phase d'épargne, rente versée imposée IR Blocage quasi-total jusqu'à la retraite Néant Uniquement pour les gros revenus qui anticipent une forte baisse des revenus à la retraite. Attention impossible de retrouver le capital sortie en rente seulement !
submitted by d4m1en to vosfinances [link] [comments]

Everything You Need to Know About WaykiChain

Everything You Need to Know About WaykiChain

https://preview.redd.it/uho8eww9npw11.png?width=880&format=png&auto=webp&s=960d1dc0f9afa9c17633a4fae2c43a41ace45260

What is WaykiChain?

WaykiChain is a block public chain focusing on blockchain technology development and related operations. WaykiChain has positioned itself as an infrastructure that is based on both Ethereum and Blockchain, intending to trigger a collective growth of different industries by presenting an enterprise solution.

Determined to build a world-class decentralized platform and ecosystem, WaykiChain launched the first smart-contract-based game prediction DApp in May 2018 with over 130,000 install volume, token WICC listed in 100+ exchanges, peaking at $3, community members over 300K, is believed to be innovating a new business model in the new era.
WaykiChain, a team focused on blockchain industry’s foundation and application development, now consisting of nearly 70 people, with core members from world-renowned companies such as Alibaba, Tencent, Morgan Stanley and Intel, is hoping to ultimately achieve an ecosystem that everyone can participate in the building and share the results.

Where is WaykiChain Heading?

The future of WaykiChain is a big community-driven public chain ecosystem. WaykiChain aims to build a decentralized application platform that can provide users with complete on-chain smart contract system. Anyone can realize their business ideas on WaykiChain and develop their own DApp, and build their own brands.
WaykiChain takes decentralized prediction, assets trading and forex trading as entry industries to expand markets in the early stage. After accumulating plenty of application users and developers, WaykiChain will gradually perfect its upper blockchain applications.
Currently, WaykiChain tech team is focusing on underlying public chain development. WaykiChain will provide friendly development environment to developers with sufficient development templates an interfaces. Besides, WaykiChain team plans to take a part of WICC as reward those developers who have made important contributions to the community. WaykiChain is committed to building an underlying technology platform that truly integrates blockchain application and real business. Along with its development, WaykiChain will gradually grow into a big ecosystem with totally decentralized operations, and brings the convenience of blockchain to every user.

Further Reading

White Paper
WaykiChain white paper is in update now, and will be available soon.
Huobi Project Center
https://www.huobi.br.com/projectcenteproject/?id=91&utm_source=Marketing&utm_medium=Referral&utm_campaign=WICC
Waykichain Developer-Friendly Community
http://www.waykichain.com/announcement.html?id=887

WaykiChain’s Technology

Consensus Mechanism
Delegated Proof of Stake (DPoS) is a consensus algorithm maintaining irrefutable agreement on the truth across the network, validating transactions and acting as a form of digital democracy. Delegated through token holders’ vote, ledgers nodes will package all the transactions in the block and get corresponding reward. DPOS can maximize token holders’ interests and network performance, meanwhile minimize the maintenance and operation costs.
WaykiChain adopts DPoS, which is the most adaptive consensus mechanism for developing and operating applications on chain. The block is successively generated by 11 ledger nodes. Every 10 seconds, a new block will be generated on WaykiChain. Verified by WaykiChain mainnet operation, the transaction confirmation speed can reach 1000+tps.
Vote Mechanism
WaykiChain adopts DPOS consensus mechanism with 11 ledger nodes. When a block is generated, a node is elected with the most votes according to random perturbation algorithm from the 11 nodes. Then ledger node gains all of the transaction fee in its ledger block. Users can get proportionate votes by locking their WICC. Every node can be cast for 11 candidates at most. Every voted user will be awarded proportionate interest. When users’ corresponding accounts’ votes changes, the interest from voting will be received automatically. The first year’s rate of interest is 5% and it will decrease 1% annually during the following years. Finally, the annual rate of interest will be fixed at 1% permanently.
Smart Contracts
WaykiChain is a smart contract platform that supports Turing devices. These smart contracts can help in a variety of real-world applications including copyright issues, decentralized exchanges and asset problems. It adopts DPOS consensus mechanism, sets up 11 voting nodes, and generates a new block every 10 seconds. According to detailed calculation by WaykiChain team, currently, the confirmed transaction speed can reach 1000+tps.
WaykiChain’s smart contract can be built using the programming language Lua. Lua was developed in the early 1990s and has an extensive developer community. It has been used in desktop development, web development and the Internet of Things. It also is one of the easiest programming languages and hence it provides an incentive for developers to code on WaykiChain’s platform.
Sidechain
The most popular smart contract cryptocurrency Ethereum, failed when Cryptokitties were released. Ethereum’s network was unable to handle the massive influx of users. Thus, scalability remains a huge problem. Fortunately, WaykiChain has a feature known as sidechains which can deal with huge amount of users. Applications built on WaykiChains will have their own sidechains and they are not linked in any way to each other.
WaykiChain Ecosystem Development System
WaykiChain ecosystem development system is driven and co-developed by three parties: WaykiChain core developers, open source community developers and business developers. In the decentralized system, WaykiChain team will provide technical standards and community contribution incentives to ensure that the entire ecosystem moves forward as a whole. On the basis of the underlying public chain, plug-ins, and smart contracts, business developers are able to develop applications efficiently and build their own brands with blockchain’s credit endorsement.
WaykiChain plans to establish Technology Research Academy to gather a group of outstanding developers with decentralized blockchain beliefs. WaykiChain will provide underlying technology support and standards. Developers in the academy can free communicate, learn from each other and co-develop a fully decentralized community.
Ecosystem Layered Architecture
WaykiChain technology stack consists of four layers: the core node layer, the wallet node layer, the application platform layer, and the DApp application layer. Any developer can choose which layer to start development based on their own development capability, business needs, and application flexibility needs. WaykiChain core technology team is committed to providing the develop-friendly interfaces of each layer and improving the technical documentation to help the community better build the ecosystem.

Further Reading

WaykiChain Github: https://github.com/WaykiChain/WaykiChain
How Does WaykiChain Work?
WaykiChain uses a DPoS consensus mechanism with eleven accounting nodes. The annual rate of return is 5% for the first year, with a 1% increase with every year that goes by. Each time a block is created, an accounting node is randomly associated. The accounting node gains all of the transaction fees in its accounting block. Users can earn interest by locking WaykiChain coins. The interest is automatically determined each time the votes for the corresponding user account change.
The terms of betting are triggered by the initiator through smart contract transactions. Users can initiate various betting contract transactions, all of which can be searched and identified in the block browsers. When the betting is over, the bet initiation will publish the final results and the gaining will be then shared accordingly. In short, the betting revenue is automatically issued to the user’s wallet after the betting results are displayed.
The smart contract provided by the platform makes it possible for asset initiations to create dividend sharing rules. These rules are only triggered by various conditions. Hence, the final price of the assets in circulation will be determined by the market’s behavior towards the object in the transaction.

WaykiChain Applications

Token System
Waykichain Token, WICC is a token only used and circulated in WaykiChain Wallet DApp. WICC itself does not have any FIAT characteristics. By consuming WICC as a kind of fuel, users can use applications on WaykiChain; by locking their WICC for a certain period of time, users can share the revenue from WICC Lock Revenue Sharing Plan; and by voting for effective and stable accounting nodes, users can earn related interest. WICC can be obtained by participating in the lock plan, by accounting, voting, and subscription, or by trading with other holders. This means WICC will be listed on lots of exchanges and traded with other cryptocurrencies, thus WICC also has trade value.
WaykiChain Block Explorer
WaykiChain official block explorer is a data display system for WaykiChian applications, which displays the WICC transfer and transaction records, account balances, prediction games transactions, and payout results according to application data on the blockchain. All data is open and transparent and inherently irreversible.
WICC Lock & Revenue Sharing Plan
In order to reward all community supporters and provide a channel for application operators to make retribution to community, WaykiChain launched WICC Lock & Revenue Sharing Plan. Application operators can provide a portion of the proceeds to the community members to encourage their contribution to the entire public chain, and to motivate the community to continuously improve the public chain as a more robust underlying system. Investors can lock their own WICC, as a way of showing long-term optimism about the project, to get a certain amount of revenue.
Investors can lock a certain number of mainnet WICC through the entrance in WaykiChain DApp. During the lock period, this part of WICC cannot be traded, transferred, or consumed as transaction fee. When the lock period expired, WICC will be automatically unlocked and become tradable. During the lock period, investors will receive WICC revenue at the end of each month. The amount of each investor’s WICC revenue is related to his/her WICC lock volume and duration, total WICC revenue generated during the period, and the total WICC lock volume and duration of all investors participating in the lock plan during this period. Specific calculating formula is as follows:
WICC Lock revenue Calculation Formula:
Each investor’s daily WICC revenue = Each investor’s lock index / The sum of each investor’s lock index * Total WICC revenue that day
Each investor’s lock index = Each investor’s WICC lock volume * Time index * Volume index
Time Index Table
Decentralized App
The first smart contract based application delivered by WaykiChain’s team is the WaykiChain decentralized betting application. In this application, the smart contract will assign a time duration in which the user can engage in the betting process. All the conditions related to betting will be given. When a bet is finished, the contract will release the results. The smart contract will then reward the winners.
This DApp was launched in May 2018, attracting over 130,000 users to download and bet and has been upgraded to V2.1 ever since. The latest product WaykiBet DApp V2.5 is planned to launch in November along with a new WaykiChain wallet.
WaykiBet V2.5 enables a new feature that everyone can be a bookmaker. With the authoritative event data and services provided by WaykiChain DApp, user even without any technical or product background can build a bet in simply one-click. And at the end of the game, WaykiBet will automatically call the smart contract to calculate the bet results and deliver payouts, without any manual participation.
Besides, WaykiBet V2.5 has exempted the betting fee through the structure optimization and allows the player to participate in the betting directly after creating a new wallet without activation to ensure users outside of the cryptocurrency industry can be involved in the easiest manner.
WaykiTimes Wallet
The new WaykiChain wallet, named as WaykiTimes will retain the original wallet functions, such as Lock Revenue Sharing and node voting. The newly added “Forum” gathers the community of WaykiChain and blockchain together, will become an ecology of open communication. Meanwhile it will has a “News” section to meet different users’ needs. In the future, WaykiTimes will implement WaykiChain token economy to encourage the community members.
Getting Setup
Download WaykiBet DApp V.2.5 at official website: https://www.waykichain.com/

Meet the Team

WaykiChain team is comprised out of over 60 individuals with relevant experience in marketing, business, betting, lottery, betting and crypto industries.
Wayki Sun, Founder & CSO
One of the earliest digital currency investors and entrepreneurs in China. The founder of Xinhuo Network, the founder of Ou Lu Zhong Chou and the Managing Director of Jufeng Digital Asset Management Co., Ltd. Sun led an investment team of hundreds of people with great achievements made in stock, foreign exchange, futures and digital currency markets.
Gordon Gao, CEO
Gordon Gao, an alumni of Columbia University, ex-Lead Data Scientist of Fishbowl in Wall Street, ex-Senior Data Analyst of Alibaba Group, senior member of Mensa International Club. He is responsible for offering support to WaykiChain’s commercial model designing and strategy planning, building up a digitalized monitor system for products and operation and promoting WaykiChain overseas with his international background.
Tony Chau, Co-founder & CBO
Bachelor’s Degree in Finance from the University of Toronto in Canada and served in Hongshang Asset Management Co., Ltd. Focused on industrial surveys and commercial analysis, with in-depth research and distinctive perception on business operation models, and professional financial knowledge and complete project experience.
Tame Huang, Chief Consultant
The founder of BTC38, served as Product Manager and Project Manager of Tencent, Vice President of Fantasy Basketball, and Chief Strategy Officer of Licai Box; Huang was involved in the investment on more than ten high-tech enterprises, such as Jidian Technology, Yixiang Network, Maoming Rural and Commercial Bank, Jujin Technology, Cointime, etc., and established the Bitcoin Time Digital Currency Exchange in May 2013.
Xi Zhang, CPO
Tsinghua MBA, former Senior Product Manager of Tencent. Xi Zhang has been engaged in Internet industry for 14 years with several entrepreneurial experiences. In 2008, he joined aibo123.com as Product Director, responsible for the product design and operation of Olympics lottery. In 2014, he stared his own business and founded QiuShang APP, the first prediction APP in China applying big data prediction with 8% return rate and 67% win rate. In 2016, as a partner, he joined the Haiqiu Technology founded by famous football player Sun Jihai, responsible for the Miaohai business unit. He was fully responsible for the products, technology, operations, and marketing of Miaohai sports short video APP. The total downloads of Miaohai APP were 6 million and daily active users were 1 million.
Richard Chen, CTO
Master of Computer Science from the National University of Singapore and Bachelor of Communication Engineering from Shanghai Jiao Tong University. Richard worked for Alibaba and was responsible for the internal and external information security system construction of the entire groups Customer Service Department. Prior to this, Richard also served as Senior Vice President for the worlds top investment bank Morgan Stanley for 3 years and Intel Chief Architect for 8 years. Richard has received four US patents and won Intel Achievement Award (IAA). Richard has published several global patents in encryption technology, distributed network communication and collaboration, and big data.
Xiang Li, CMO
MBA degree from Tsinghua University, former COO of Brightoil Online under Brightoil Petroleum (Holdings) Limited, senior manager of Dacheng Food (Asia) Limited, has over a decade of experience in marketing and brand building. Ms. Li is an expert in building brand strategy, brand positioning, advertising channels, event marketing, crisis management, etc. Now Ms. Li is the marketing director of WaykiChain, responsible for the brand operation of WaykiChain in the global market and marketing cooperation.
Getting Connected:
  1. Website: https://www.waykichain.com/aboutUs.html
  2. Telegram: https://t.me/wiccofficial

FAQ:

What is WICC? How to Buy WICC?
WICC is the token launched by WaykiChain. In order to buy WaykiChain (WICC), we recommend you to buy some BTC or ETH (the highest volume trading pairs) from an exchange that accepts them. Then, you will have to find a marketplace that sells WICC in exchange for the aforementioned cryptocurrencies. We recommend you to buy WICC at AEX or Huobi Exchange (AEX has already supported WICC mainnet migration, Huobi will support the migration in November, 2018). For more information on this matter, you can visit CoinMarketCap.
When it comes to storing your WICC coins, it’s recommended that you use the official WaykiChain wallet. By consuming the tokens, you can also use various applications on WaykiChain.
What is the use of WICC?
WICC is a token used and circulated in WaykiChain Wallet DApp. WICC itself does not have any FIAT characteristics. By consuming WICC as a kind of fuel, users can use applications on WaykiChain; by locking their WICC for a certain period of time, users can share the revenue from WICC lock plan; and by voting for effective and stable accounting nodes, users can earn related interest. WICC can be obtained by participating in the lock plan, by accounting, voting, and subscription, or by trading with other holders. WICC has been listed on over 100 exchanges and trading with other cryptocurrencies for almost 1 year, thus WICC also has trade value.
What are WaykiChain’s advantages as a public chain 3.0?
There are three different types of blockchain: public chain, consortium chain, and private chain. Public chain refers to the consensual blockchain that any individual or team can read and send transactions to, and obtain valid confirmation. Public chain, also known as the non-license chain, is totally open to the whole network that any node can access or leave at any time without any permission. As a public chain of blockchain 3.0, WaykiChain has the advantages of high speed, high stability and flexibility, and low handling fee, providing rich development tools and perfect development environment for worldwide developers. Adopting DPoS consensus mechanism, sidechain technology and other technologies, WaykiChain can process 1000+ transaction requests per second. Relying on its strong strength of underlying technology and innovation, WaykiChain can effectively support high-traffic application scenarios and realize the landing of WaykiChain ecological applications.
What is WaykiChain decentralized betting application?
WaykiChain decentralized betting application is the first smart contract application launched by WaykiChain team. Each betting is triggered by the application developer via a smart contract. During the period specified in the contract, the users can initiate betting transaction, and all betting records can be traced on the blockchain browser and can never be tampered with. The smart contract will automatically reward the winners based on the final result. WaykiChain will use smart contract to automatically execute the game rule on its public chain. Instead of relying on trust between people, WaykiChain betting application adopts trust among machines to save credit costs, and guarantees full compliance with the rules setting. Besides WaykiChain Official, the developers of the decentralized applications can be any other third-parties. WaykiChain welcomes all developers to join.
What is WaykiChain Address?
WaykiChain address is a 34-bit string consisting of English letters and numbers that may look like digital gibberish. My WaykiChain address WXv6xP8yVW4PkZ3DPvxqfBtfz7Bof1RJHm, as an example, looks like this. All transfer records for each WaykiChain address can be found through the blockchain explorer. The address is a personal WaykiChain account like your bank account number. Anyone can transfer WICC to you via your WaykiChain address. How do I get my own WaykiChain address then? You can download a WaykiChain Wallet on WaykiChain official website, or register one on trading platforms. Each user’s WaykiChain address is unique. It should be noted that each WaykiChain wallet can only create one address, therefore the wallet mnemonics must be kept carefully.
What consensus mechanism does WaykiChain adopt?
WaykiChain adopts DPOS consensus mechanism, a new algorithm to guarantee the security of cryptocurrency network. DPOS consensus mechanism can offset the negative effects of centralization through implementing technology-based democracy, and maximize the effectiveness of the public chain through nodes accounting. DPOS can be understood as giving the token holders a key to open the voting rights corresponding to their tokens, instead of giving them a shovel to mine. DPOS can maximize the profitability of the token holders, minimize the cost of network security, maximize the efficiency of network, and minimize the cost of network operation. WaykiChain has 11 accounting nodes in total. The nodes are generated by the token holders’voting. If nodes are making trouble or cannot account normally, the token holders can change their votes, so that there will be other nodes to replace to ensure that the public chain can be operating normally.
What is WaykiChain mainnet migration?
WaykiChain (WICC) mainnet migration is the process of replacing the previous Ethereum-based token ERC20 TOKEN with WaykiChain mainnet token. WaykiChain public chain, through several months of testing and rigorous evaluation from the exchange platforms after its release, has been fully proven to operate efficiently and stably. Mainnet migration marks that WaykiChain public chain is actually putting into use. After the mainnet migration, various applications and developments based on WaykiChain can be launched, and the service period of WaykiChain public chain truly starts. The dividend mechanism, voting mechanism, gas consumption, and accounting fees on WaykiChain ecosystem are all completed by the mainnet token. The previous ERC20 tokens do not have these functions. By the end of June 26th, AEX Exchange, CEO Exchange, and Bying Wallet have supported WICC mainnet migration. There will be more exchanges and wallets supporting the migration in the future. Please follow WaykiChain’s Wechat official account for more details.
Are there any requirements or restrictions for developing projects on WaykiChain?
WaykiChain’s code is completely open. WaykiChain welcomes third parties worldwide to develop, carry and operate various application products on WaykiChain, and finally form a diversiform public chain community ecology. WaykiChain is happy to provide public chain technology support for any individuals or third parties. Applications developed and operated by third parties, based on WaykiChain public chain, need to comply with local laws and policies. Only after obtaining related licenses, permits or qualifications required by local laws and policies, developers and operators can launch and operate their applications on WaykiChain. Because of blockchain public chain’s globality, anonymity, open code, and the limitation of our ability, WaykiChain Official cannot judge the identity of third parties, nor have the ability and right to verify, supervise, control or interfere the third parties. Therefore, third parties should bear responsibility of their own actions.
What is WaykiChain Block Explorer?
WaykiChain Block Explorer is a system that displays all transaction information on WaykiChain and provides visualized track services. Technically, a block explorer works by scanning the block into the database server and then setting up a Web access service. Users only need to import the transaction hash to check whether the transaction has been packaged and confirmed. From the point of product, block explorer is more suitable to be called as asset explorer, which provides asset certification for users so that they don’t have to visually identify or manually analyze the transactions themselves. The block explorer also provides statistics of blocks and transactions, helping users to directly understand the activity of the blockchain. The statistics can also be translated into various indexes for investors to understand the project. To track the transactions, users can search relevant information on WaykiChain official website through WaykiChain wallet address, transaction hash or block height.

Further Reading

https://www.waykichain.com/question.html

Wish List for WaykiChain

Just thinking it would be great to create a post for everyone to post what they want to have for future releases of the Waykichain DApp or anything related to using Waykichain.
Welcome feedback from the community, so please do get in touch. Want to dive in further? Follow WaykiChain on Telegram, Twitter, Medium and LinkedIn.
submitted by Waykichain to WaykiChain_WICC [link] [comments]

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