Codezuki Oden @CodezukiOden

@sassal0x @samczsun Calling someone who has only ever done work in the ethereum ecosystem a "neutral party" is another level of cope

HE DONT MISS.

@trading_vapor he was fully doxxed before that already according to mert

@trading_vapor but didnt you have the custom sniping bot that you created? that was quite an edge you ahd back then

@CJCJCJCJ_ was he named "LarpingGale" before that or did he rename lol

Narratives are mostly made up. They're usually some combination of: 1. Groups of speculators buying something early and talking their book 2. Outlier price performance in an asset/group, narrative gets attached after the fact to 'explain' price action Don't drown in fake FA.

A few common mistakes in these conditions: 1. Excessive leverage. Specifically, introducing liquidation risk in assets that are regularly moving 10%-20%+ in a day. Let the volatility do the heavy lifting, not the leverage (or specifically, massively inflated position sizes facilitated by leverage that force you to use very tight stops or liquidate you on small moves against you). 2. Excessively tight stops. Same consideration. If you're targeting larger rotations in a higher volatility asset, being overly tight with stop placement can work against you. You don't want to create a loop where your idea is broadly correct, you get wicked out because you were LARPing as some 50R tick sniper, and then the market moves straight to your target without you. 3. Excessive rotation. If you're trying to make the most of a multi-week and multi-month trending period, you shouldn't be overly concerned with any specific 24H window of returns. It is a form of overtrading. It is also a form of FOMO. This also introduces the risk of creating a loop whereby you sell your bags to chase the strong stuff --> strong stuff consolidates --> the bags you sold moon --> repeat ad infinitum. Find some setups or ideas that you like and give them some room to breathe. 4. Mistaking consolidation for weakness. This is another version of time-based FOMO. Participants will infer that just because their bags haven't turbo mooned in a short period of time, the market is weak or they've allocated poorly. Instead, your rebuttable presumption should be that consolidations are a form of pullback and present an opportunity to buy stuff that eluded you when it was breaking out. Boredom and impatience do not necessarily signal weakness. 5. Excessive trade management. The degree to which you intervene in your trade ideas should somewhat mirror the time frames of those ideas. For example, if your trade is predicated on a breakout from a multi-week range, your targets and trade management time frames should be derived from (or resemble) the weekly time frame. That makes more sense than, for example, buying a large weekly breakout and setting a target at 15M resistance that's 5% higher and panicking over every red 5M candle. 6. Overtrading your core holdings. There are countless stories of traders getting very good swing and/or HTF positional entries but gradually fumbling them through trying to time every single dip and rotation that takes place on the way to their target. An unfortunately common version of this is selling 100% of exposure at some level in order to 'buy back lower'. This is particularly a strange choice when a trader's target is materially higher than the pullback they're hoping to rebuy. For example, if your ultimate target is 50% higher, is it worth selling all of your exposure in an attempt to time a 5%-10% dip? This can result in the market not offering the pullback that was hoped for, and now the trader is sidelined - this usually comes with a mental block, as buying back higher than you sold can be psychologically tricky/feels like you're chasing. In short, this is a form of overoptimisation. If you're bored and feel like gambling in between, use a sub account or @breakoutprop (disclaimer: I have a financial interest in its success) so you can scratch the trading itch without sabotaging yourself. Or go to the casino, get a hobby, whatever. 7. Excessive number of open positions. With every added position, your capacity to effectively manage any single position decreases. The altcoin market is still pretty tightly positively correlated, so you're more likely just spreading yourself thin rather than 'diversifying'. Focusing on a smaller number of higher conviction trade ideas and managing them patiently and judiciously is probably better than trying to catch everything at once and drowning in noise. If you want to spread yourself thin, go buy some Solana shitter lottery tickets i.e. X amount of $ across [large number] of memecoins/new coins that will either go to 0 or appear on your feed when you're up multiples. At least that doesn't take up your trade management RAM. 8. Allowing social media to materially impact your perception. It's PnL + leaderboard season. It may feel like absolutely everyone is winning massively all the time. Granted, the market has been very good unless you've been stubbornly short, but social media is still a highlight reel boosted by selection bias and survivorship bias. You don't see the fumbled entries, the break evens, the times traders got stopped at the bottom, undersizing great ideas and oversizing bad ideas, not pulling the trigger, and so on. As long as you're trading well and improving, don't try to speed run some arbitrary returns or net worth goal. TL;DR I ain't reading all that. I'm happy for u tho. Or sorry that happened. stop writing essays nerd give me a ticker

@chaingangmulla simple price action, no order flow. i don’t even have anything on my charts beyond MAs nowadays. keep things simple, i can only recommend time in front of the charts to train the eye for location spotting.

I do think blow off top on everything by May and then a long enough consolidation that people consider it a bear market

@zakablancazak Yes. Greatest profits are made when you are able to frontrun a CHANGE in sentiment towards a ticker

The people who can stomach 70% drawdowns are the people who end up with 800x returns The people who are happy with a 2x will never know what it feels like Never the twain shall meet

If your trade idea is invalidated when price moves 20% against you and your liquidation price is somewhere between your entry and your invalidation, you are sizing your trades wrong and are gambling your entire account on being right either look for a tighter invalidation or reduce size, so that you only lose a fraction of your account when you're wrong also worth noting that smartestmoney is probably not a beginner who needs to learn risk management or has to implement hard stops in order not to lose his entire portfolio his way of trading is making high probability bets on high time frame moves and I'm sure he has some invalidation that, if hit, won't make him lose his entire net worth or portfolio that's a totally different game from trying to learn the basics of trading by daytrading a 3-4 figure account

jon yale @JonYale

3 years ago

@huskyXBT this assumes 1) you're using stop losses (which @smartestmoney said he doesn't bc doesn't want to get wicked out of trades) 2) the % move to your SL is less than 1/lev amount (e.g. SL 20% away and your lev is 5x). if not you get liquidated before the SL matters am i missing

2 0 2 6K 2

@JonYale @huskyXBT To clarify no hard stops doesn’t mean no stops. It just means they are mental stops and i take a flexible approach to stopping out. Position sizing to stomach the entire loss makes it easy to remove emotions.

#BTC we've been over this one price grinding down spot grinding down perp grinding down OI grinding up funding up what does it tell you about positioning?

You don't HAVE to of course, but imo if you're trading BTC without understanding orderflow, you're putting yourself at a serious disadvantage Three concepts you need to do a little research on to get the basics down: - Open Interest - Funding - cvd I covered them a little bit in here: x.com/huskyXBT/statu…

m1ng @0xm1ng

3 years ago

@huskyXBT Ok brb gonna make a blind guess because ive never seen those in my life hahaha

0 0 1 6K 0

this pattern was the bread and butter of last few bull markets. we called it the Generational Wealth Pattern. if you see it, hold on for ur life