My portfolio ranked in terms of size.
1. BTC
2. BNB
3. CAKE
4. DOT
5. ETH
6. BOR
7. SOL
8. RAY
9. AKT
10. PSG
11. ILV
12. ROOK
13. TRB
The rest aren't worth mentioning or I'm still trying to accumulate 👀
I highly suspect that
@MEXC_Global
is market making themselves in their own exchange. If you manage to be profitable on their exchange (take money off their mm)they will ban you and use every reason under the sun to keep your funds. Stay away from this exchange
@MEXC_CEO
Starting to see way too many posts about
@MEXC_Official
literally stealing customer funds and giving no explanation as to the reasoning. As someone who has dealt with their shenanigans in the past, I think it's time the industry really took notice and fought back against MEXC
Starting this 100k to the moon account for the week after daily open in a few hours. I'll max cap lev at 3x. Daily updates. If i get bored I'll top it up to 500k/1m. LFG! See you at the top kings.
Can now officially say I'm leaving the firm that I've been trading with for the past 3 years. Appreciate all the boys I've traded with over the years 😍
500Xed my trading account and went from less than 10k in the bank to swinging mid 6 figures on a daily basis just holding spot.
1,
Listen up, this is how market structure works within a market cycle. Since I have been trading BTC this has constantly happened every few months. These cycles were happening every month and has slowly been drawn out to every few months(I'd assume because of liquidity increase)
Fwiw, i don't think any top tier trader uses, R:R, hard stops, fibs, a standard loss % per trade and a lot of garbage that CT likes to post. It's not that structured, it's never been, you have to be fluid like the market.
Am I the only one that's genuinely worried about the increasing income inequality and the ramifications it has on the broader society?
This can't end well.
9,
Mr Anon, the whole reason why I'm having this rant, is if you feel this way, I want to say I'm infinitely proud of your hard work and understand it isn't easy. You've given up your world to get to where you are. Take a bow. Be proud.
I use 6x leverage when I trade. Why? Because it increases my profits by 500%. Example: If you buy 1 Bitcoin for $10k and sell it at $50k, you make a profit of $40k. However, if you use 6x leverage, your profit increases to $240k. That's the power of leverage!
Time to start posting alpha again on this twitter account.
BVOL -> rolling 7 day Bitcoin volatility measure.
Extremely low levels of vol is normally followed by large expansions out of the range. As a market consolidates in a narrow range for an extended period, more
1,
This may be slightly controversial and rich coming from someone in my position but I do believe it's important to have this conversation with fellow traders especially in the the crypto scene where there has been tremendous growth and riches being made as of recently.
During extreme volatility there are pricing inefficiencies all over the place. One said example is that 6 month forward contracts for BTC were trading in backwardation by nearly 10k on BTC. Let that sink in, 25% below spot in a bull market. Already back in line too.
At some point you are no longer a trader, you're just capital rotater.
Everyday is just a game of rotating capital to maximize capital usage and profits.
This time last year I took a $1.5 Million dollar hit to my account. A year on I just laugh at how stupid I was. Lesson is, don't beat yourself up over anything money related, it isn't worth it. Money comes and goes.
Starting to notice a trading trend here.
A select few get rich whilst everyone else gets temporarily rich, before handing everything they have made back to the select few.
No doubt in my mind that if Elon Musk wasn't running one of the largest companies in the world, he would be a CT degenerate shilling his altcoin bags whilst bashing on no coiners.
I started my trading career as a 🐀 scalper. 3.5 years later I'm now a scalper, "ltf market influencer", swing trader, quant trader, arbitrager, market maker, investor, yield farmer.... the list goes on. Don't get pigeon holed into your 1st strat. You're a money maker at the eod.
1/
If you can define your edge over the market you’ve already surpassed 90% of traders within crypto. If you go a step further and consciously consider why your edge is an edge and why it even exists in the market, my god, you’re 99% there. Going a step further and consciously
At the end of this year my guess is that the people that maximized this bull run will be people with extremely low or extremely high IQ with high risk tolerance. Being a rational trader with medium to high IQ during such market leads to very early profit taking.
In crypto, where a lot of us are in our 20s, hated old job and saw trading as a way out of the 9-5 rat race, have a huge work ethic, a passion for trading.... You simply just don't walk away from the game, once you've made it. Retire in your 20s? Then what?
Losing a large portion of your account is always a humbling experience. Regardless of who you are, what your background is, what you've done in the past, the market doesn't give a fuck. The market isn't wrong, you are.
Given the rise of alternative networks that have gained traction over the past few months (BSC, SOL, DOT, LUNA etc.) I've decided to sell nearly all my ETH.I cannot see how a network that has $100 transactions during times of volatility is viable anymore.There are better options.
Things I'll be bidding at stupidly low prices if we ever get there:
CAKE $12
BNB $240
COPE $2
FTT $22
RAY $3.2
DOT $12
SWIRL $0.6
Don't hate the player, hate the game....
Normie friends - all messaging me worried and depressed. Selling their coins.
Crypto friends with large capital stacks and influence - buying this dip aggressively.
If that's not telling, then I'm unsure what is...
Uncle Glim of the House PdF, First of His Name, the Unburnt, King of the Instos and the First Men, Khaleesi of the Great Bitmex Books, Breaker of Margin, and Mother of Nukes
I have my 90% of my BTC ready on my OTC broker to fully cash out in the coming few hours/days. I have come to the conclusion that my job first and foremost is being a trader not a speculator on BTC pricing. Hanging my career on hopes that BTC will break 20k is reckless.
Trading can be such a lonesome career path, especially on days as bloody as this. Please keep an eye out for your fellow trading friends, they may not show it but they may be yearning for someone to reach out ♥️
Dms are always open on my end.
Sold $CAKE at $35.5 avg with an avg entry of ~12 and a lot of LPing. Great trade, yet for every dollar above my exit $CAKE goes, it pains me. Funny how this trading is more of a mental game than most understand.
90% of my net worth is sitting in crypto. 98% of my crypto stack is currently being used to trade or hold coins, leaving less than 2% of my nw in usdt. Yet I still feel the pain of inflation and that my cash is being underutilised 🤷♂️
Bull market feels.
Had a 50 y/o family friend tell me to buy lithium stocks today. He started trading since he was laid off because of lock down and is currently borrowing money from the bank to trade. His currently up $30,000, trading off his phone. This story seems all too familiar.
I'm considering making an academic paper on the effect of Interest rate cuts on the US & world economy for beginners and if this will affect BTC. If i use a lot of pretty graphs would people be interested in reading it?
For anyone that sold Bitcoin between ATH break and now, how does it feel knowing you most likely sold your coins to the richest and one of the most intelligent brains in the world?
If Elons buying, I'm HODLing.
After watching $UNI & $SUSHI on the ERC20 network and $CAKE on BSC there's a lot to think about going forward.
Finding DEXs that are starting to take market share of the SOL and DOT network going forward is a very profitable game. 👀
This is every young investors dream for all asset prices to fall so dramatically and have no end in sight. Now that it's here, are you going to take the punt or bitch out?
Seems to be 2 real possibilities here.
1. Bull market is over, small bounce here, sell all your coins on this bounce and watch us slow bleed afterwards.
2. Mid cycle bear-market, we range bound for a few months, everyone sells and we get another blow off top to the upside.
Starting to get very toppy vibes, I can see BTC and the whole market going a bit higher over the next few days, but when the snap back comes, expect some blood. I'll be tethering up the higher we go.
Stay safe out there.
Some of you have made some truly obscene/life changing amounts of money over the past few months/years. I hope you use it for some good in this world and not merely to amass more, with no end in sight and to sustain a highly addictive drug problem. Give a little back 🙏🤝.
Bottom is in only once you look at the chart, everything is cascading and BTC is down double digits in a 1 minute candle. That's when you know the bottom is in. Don't try hero bid it until then. Cut my hands playing this game too many times.
I'm still convinced in a months time, we will look back at these prices as the obvious buy moment. Every paid group leader will claim they are long from low 40s as we are breaking ATHs.
Keeping in mind i have 0 fashion sense and haven't spent more than 1k on clothes over the past 3 years, I decided I needed to up my game. Drew out 1k & went to the mall, walked in, bought a juice and walked out... allow me to wear my $10 target tee in peace... I hate shopping...
Crypto is causing a disconnect between wealth and excellence, whilst simultaneously creating a connect between wealth and basic economic understanding.
It's truly not a hard concept, it's all a basic understanding of supply and demand of money flow.
Sold all my Eth up here ~580, half back into BTC half into USDT. There's something that just doesn't seem right, maybe its the Euphoria that's starting to overwhelm the space? Maybe the fact we have had unfathomable % gains in the past 2 months?
The best prices only last a very small amount of time. If you find yourself staring at the price, wondering if you caught the low, you probably didn't.
It's been a fun 2+ years of full time Crypto trading. Lots of ups, lots of downs, lots of coins, lots of broken headsets. For now, it's time to kick the feet up for a while. See you in 6 months CT.
It's funny how trading works. The ones that come into the industry chasing $ normally get spit out the fastest. The ones chasing a mental/personal challenge and not caring about the $ figure generally end up at the top.
Greed is a bitch.
Spent multiple hours today interacting with both the Solana and BSC ecosystem trying to move funds there from the ERC20 network. Worst experience of my life... We aren't even close to ready for mass adoption... Goodluck with that pipe dream.
1, Everyone pricing in a recession with time a horizon of 18 to 24 months. I'm of the camp that people are overstating estimating the time horizon of this recession and that we will be out of this recession and markets will bounce much faster than expected.
Much larger market hits, a significant increase in the amount of iceberg orders, algos executing in a much more sneaky/intelligent manner. The big boys are now here, but trust me that's not a good thing for you swigly line, elliott wave and Fib traders. Stay safe out there.
For all those reffering to
@SBF_Alameda
and
@cz_binance
as the GOAT, y'all havent been around long enough to know that the real GOAT is
@CryptoHayes
, hands down, no question about it.
Few know.
How society views trading: sitting on a beach, sipping cocktails, trading on your phone, hoping from beach party city to the next.
Reality: little social life, isolating, surrounded by endless monitors, computer screen tan, sipping on coffee all day, terrible sleep pattern.
Wake up, workout, run a business for 6-10 hrs a day, come home and trade.
Weekends = 12-16 hrs a day looking at charts.
Most nights I get less than 6 hours sleep (improved recently)
Little to no social life.
Been like this for 5 years.
You want shit, you gotta work for it.
Today was bad, it was nearly a disaster. Got away with a bloody knee and a dislocated neck but live to see another day. It's not all about money, hard to see that sometimes in this industry. Stay safe out there, this game isn't easy on the heart.
Hmm, too much euphoria here. Have we all forgotten what the market was like 2 days ago? This was bound to happen when everyone was bearish at the bottom, short squeeze, this is it. Errrrrr, time to start selling more spot and net shorting over the coming days.
1,
Lessons/thoughts from my three years as a proprietary trader: (Idea stolen from
@KRTrades_
)
I'd like to preface this thread by first stating that the last 3 years have been some of the best years of my life thus far, and I would re-do the whole experience in a heartbeat.
@AltcoinPsycho
Constant struggle to juggle the fact that this is the year to milk it, and in which we should be working the hardest. Feels like for every 1 hour of work put in now, it'll be 10 hours of work for the same reward next year. Alas, we still all need a break.
Tops are made with huge impulse moves down followed by tons of sell pressure. Tops are not made when we retrace the large majority of the downside and stick around in the range.
I've gone from farming on 2 platforms and 5 farms to over 10 platforms and 45 farms in the last 3 months.... The morning "farm run" process has gone from 2 minutes to over 30 minutes harvesting and re-compounding farms etc. What a wild few months it's been. What a weird ecosystem
8,
You remotely say anything about how proud you are online, BAM, douchebag tag.
Is it envy? Is it jealousy?Is it a whole bunch of reasons? When I see someone posting huge winners it motivates me to push harder, but it seems like everyone gets all defensive and pissed about it.
Just got heavy filled $BTC between 29 - 29.6k, avg 29250.
Don't @ me when we are at 35k at the start of next week.
Don't @ me when we are at 25k at the start of next week.
Don't shoot the messenger but I've sold all my alts here and 10% of my BTC bags at 37.6k. Got to say, this run has been amazing but soon enough there will be some blood on the streets. Can't get away with murder forever.
Plenty of resting bids ready to catch some blood. 🙏
1,
The cool thing about trading is that it can be infinitely creative if you want it to be. Directional trading, Options (time based trading), arbitrage (inefficiency based trading), Fundamental based trading, Spread trading etc... The options are limitless.