WSOT Numbers:
Starting balance: $12k
End Balance: $75k
559% pnl
58th for profit earned
Traded all from my phone on bybit app lmao 🦍
Next year Schmosby Boys are coming for the squads leaderboard🫡
When you're winning - you're not as good as you think you are.
When you're losing - you're not as bad as you think you are.
In a market where it's easy to go from 0 to 100 and back to 0 it's important to remind yourself of the above imo.
It's smart to become accustomed to closing out positions and then opening them again.
Getting the hang of closing positions helps cut down on any second-guessing, particularly when time is of the essence.
Analysis is easy
Execution is hard
There's been so many times I "called it" to perfection but my pnl would be red:
Today was almost an example of that:
Wanted to short & hold post NYO scam pump
Ended up longing altcoin and lost money
Reshorted (from lower)
Trust your plan
I'm reading the comments on this now and lmaooooo
Credit to Z, takes balls to post a HTF short swing on the most consensus CT long position and be right as well
(Fwiw I also thought it was a bad idea to short eth at the time he posted this lol)
still have thesis of majors sideways, memes up
$ETH hedge short setup is very clear with easy invalidation, if we close weekly through $4100 then I think it gets really silly for everything, otherwise betting on this chopping more & forcing out longs
Feels like hardly anyone sharing any charts or alt theses on the tl
Feel like there's alot of value amongst certain cex alts but timeline too busy fighting
Alts Watchlist (stuff I might long on dump):
$ENA
$AR
$FTM
$ONDO
$DUSK
$WIF
$PEPE
$ENS
This is just some stuff that is showing interesting PA/some strength/has a narrative I think will perform in the coming days/weeks
Lmk if you think I've missed any
Once again reading the comments on this post to remind myself what to do the next time we're in a similar spot
This setup hit TP btw, Z should post the update lmao
still have thesis of majors sideways, memes up
$ETH hedge short setup is very clear with easy invalidation, if we close weekly through $4100 then I think it gets really silly for everything, otherwise betting on this chopping more & forcing out longs
Had a few Qs regarding Win rate etc, didnt know how to check until just now. Think a few of the losses will be stuff I closed out around b/e but just shy of even due to fees/slippage etc.
If FTX 2.0 wants to work they should get
@cobie
to run it. Don't see many other ways that the brand can salvage its reputation & encourage people to trade there
$BTC
Yesterdays full retrace of the NFP pump was disappointing
However I feel that the RR is skewed to the longside and am optimistic going into EoY
Longing at these prices with invalidation being a close below $52.6k is a set up I'm willing to take
// Rolling the Dice
Kang shared his bearish thesis and majors dropped 5% (63.5k to 60.5k) in the next 24hrs
If a GCR tweet pumped us 5% on btc the level of glazing would be insane
Every single token you guys suggested (including DMs) is lower than it was at the time of this tweet.
No one said Doge (which went up).
Multiple lessons in there ?
Reviewing the numbers and did better than I thought tbh
Sized down mid way through because conditions + execution weren't hitting for me but overall a decent month.
We go again.
appreciate u guys alot btw, can't talk about crypto/money and pnl etc even with my closest irl friends for semi obvious reasons. grateful to be in a community where we can share mental illness together 🫡
$WIF Mentioned the potential for a failed breakdown and reclaim setup and we have broken back in the range
However gut feel is it wont be as clean as people would hope and we probably come back under before we get the move to midrange
Closed longs.
Was bullish from 60kek
Was targeting ~70k
At 67k the rr has evolved alot
I'm happy to sacrifice the remainder of the move
+ Can always ape into whatever looks good if I change my mind
I've given about 12 lay ups in the last week and my follower count has been stuck at 5k for 6 months
Pls pump my numbers I thought this is a bull market
$BTC
Yesterdays full retrace of the NFP pump was disappointing
However I feel that the RR is skewed to the longside and am optimistic going into EoY
Longing at these prices with invalidation being a close below $52.6k is a set up I'm willing to take
// Rolling the Dice
You'll find new heroes in a bull market. People who make insane money as the price runs up, seems like they should never be faded.
But when the tape flips it's the old guard who are still in the trenches shitposting with you
Please Jensen Huang do whatever it takes to show good $NVIDIA earnings, no matter how fraudulent or illegal it may be
For the sake of our financial industry 🙏
in discretionary
the right position
is almost always short ETH
the right action
is almost always to dump ETH
5x / yr there's free money on the floor
compound shorts
then do nothing
outperformance
@stoicsavage
Honestly every debate on the tl around oi has always resolved in a fat nuke shortly after.
I either wait for cat in hazmat suit to tell me it's shorts, otherwise assume it's longs
$JTO if you feel like you have 'missed' the move over the last few days I have good news
So many weekly charts are looking like this.
Real fun begins when btc is > 70k
jto is a sleeper cook imo
Been back on bybit for over a month now and enjoying
They have perps for a lot of the hot memecoins and seem to be quicker to new listings than others
reflink below if you would be so inclined
Finally in the 200% club
Pretty slow going now, account size is almost $34k (started with <$5k at beginning of the month & $12k at start of WSOT)
Think I'll aim for 40-50k by end of WSOT but my perfomance decreases alot as size goes up so we'll see.
Keep clicking.
Going to call it a day on this run up. Important to stop on highs. As size increases I'm conscious of positions becoming too big on a public trade account.
...
Shall we go again with 10k? 👀
GM CT, I have just woke up from my year long coma
How are my bluechip bags doing?
I chose projects which I knew were safe to hold all cycle and would perform well:
$RLB $UNIBOT $LDO $TAO $DOGE
🚀🚀🚀
Btc flat, eth up abit and alts catch up over next 12-24hr.
Followed by a btc rinse to 28.7-29k where alts take a bath, forming some nice wicks.
Then btc next leg
iso (in schmosby's opinion)
$DOT
Has been in bullish accumulation and consolidation for some months forming cup and handle pattern
This will lead the next leg of the bull run.
#DOT
#grant