doubleu

[doubleu @0xdoubleu_]

Hard work means nothing.

Doing the right thing means everything.

[Jacal @JacalCrypto]

Almost 9K followers and I never properly introduced myself

So here’s the real story

3 years ago I was just a university student studying Accounting & Finance

Normal life
Sports
Friends
Going out
No real pressure

Then I lost my mum 💔

And everything changed

My dad was working all day trying to keep things together
My little brother needed someone strong around him

That’s when I realized:

Nobody was coming to save us
So I had to become that person
I tried multiple online businesses

But trading was the only thing that clicked

Charts
Markets
Risk
Psychology
Timing

I became obsessed

12 hours a day studying, losing, improving, repeating

Then the bull run came

Coins flying everywhere
Hopium everywhere
People getting rich by accident

But I knew this was my window

I stopped going out
Barely slept
Cut distractions
Left my old life behind

I became a completely different man

Fast forward to today:

Retired my dad
Helped my brother stand on his own feet
Started living life on my own terms

Memecoins changed my life
Perps took it to the next level

And now I’m fully locked in
2 years ago I never thought I’d be here

But life can change fast when you stop playing around
Pain can destroy you

Or it can build the version of you that was needed all along

Appreciate everyone supporting the journey

Everything I do is in my TG

[doubleu @0xdoubleu_]

@JacalCrypto Perpetually optimistic targets

[Jacal @JacalCrypto]

I publicly posted these trades in middle of May

Entries: $BTC → 81690$
$ETH → 2391$
$SOL → 92.25$

All 3 trades in HUGE profit

$BTC is about to hit my full TP target of 60.000$

[Jacal @JacalCrypto]

I must be the only person in CT that I said

"THIS IS THE END" at 82,000$

I was right.

$BTC

[OnChainMind @OnChainMindd]

One thing I realized after shilling $Mbappe around 100k to a few “KOL friends”:

Most people in this space don’t even look for memes anymore.

They look for safety.
Controlled supply.
Insider protection.
Guaranteed exits.

That’s why we now have hundreds of copies of the same meme on every chain with dead, forced narratives attached to them.

Meanwhile the entire point of memecoins was supposed to be onboarding new people through virality, fun and culture.

I come from the football world and all my normie friends genuinely loved the meme itself. They loved it even more after I showed them the coin and how to buy it. More and more retail people keep joining the X community every day.

It’s one of the only coins that’s actually raw, funny and organic, while also having insane potential going into the biggest sporting event in history watched by billions of degenerates that love to gamble.

Supreme Leader $Mbappe, please save the trenches

[OnChainMind @OnChainMindd]

The memetics around solana:CQJ3yxLCND48QhRx5bsbfW6VT5LP8T63VtVyoxkcpump is endless.

Even while injured and inactive, he already dominates attention cycles. Once he returns and the World Cup approaches, the amount of narratives around him multiplies exponentially.

France, performances, stats, comeback from injury, player of the tournament talks, the meme, the song… The media loves talking about him.

[Lucky Chart Ape @luckychartape]

3 THE REASONS YOU WILL FAIL AS A TRADER

(The most important thread I have ever written?)

Read through this critically. It's very possible that you are living in a delusion. That you don't have a grasp on how the markets work, or how to perform consistently as a trader.

1. YOU EXPECT TO OUT PERFORM THE GREATEST TRADERS TO EVER LIVE.

📊If we were to profile some of the top contenders for the greatest traders to ever live, you might find names like
Paul Tudor Jones - (Net Worth $8.1 Billion) Who averaged nearly 20% in annualized returns for 25 years straight.
"If I have positions going against me, I get right out; if they are going for me, I keep them. Risk control is the most important thing in trading. If you have a losing position that is making you uncomfortable, the solution is very simple: Get out, because you can always get back in." - Paul Tudor Jones

Or Maybe
Stanley Druckenmiller - (Net worth $6.2 Billion) Who's average annual returns were about 30% over 30 years.
"If you're early on in your career and they give you a choice between a great mentor or higher pay, take the mentor every time. It's not even close." -Stanley Druckenmiller

And without a doubt, the following name would make the list.
Jim Simon's - (Net Worth - $30.7 Billion) Who's Medallion Fund averaged an astounding 66.1% average annual return since 1988.
"Success in investing is not about being right all the time. It’s about minimizing losses and maximizing gains." - Jim Simon's

Not only are the trader's above considered some of the greatest to ever live, they are also some of the wealthiest men alive. But you must be asking yourself, "how is it possible they are considered the greatest, with such Meager returns as 20%, 30%, or even 66% a year. I have seen beginners 100x (10,000%) their account in a month. Surely one should aim to ATLEAST 10x (1,000%) their trading balance each year?"
Goals of 1,000% a year are pure fiction. Does that mean that people don't achieve it? Of course not. There are millions of people trading and exposed to the market, there will always be outlier stories of people winning the lottery. Your next thought might be, "that may be true, but my favorite trader claims to average about 100% per week, that seems reasonable to me. That is only a 2x?"

You clearly haven't done the math.
Lets imagine they start with a $1,000 trading balance.
Where are they after a month?

Week 4 -$5,333.33

maybe that seems reasonable to you? after 3 months?

Week 12 - $150,703

What about the half-year mark.

Week 26- $23,014,013

Wow, $1,000 into $23 MIllion in just half a year. But why stop now? How does the trader averaging 100% a week finish off the year?

Week 52 - $529,644,827, 385.65

Elon Musk move over, this trader has grown that account to $529 Trillion from $1,000 in just 1 year.

The point is, there is a reason THE greatest traders average returns seem meager in comparison to the average Crypto Twitter results. They are realistic. Your goals as a trader must be rooted in reality. Your goals should not be based on 1-off statistical anomalies.
- I will mention, that you will find day traders who have track records that outperformed the money managers mentioned above. For the simple reason, that of course, trading a smaller personal account offers much more mobility then deploying Multi Billions in capital.

I can tell you this. If you can develop the skills to consistently pull anywhere between 20-100% a year from the markets, with minimal drawdown, you will have endless opportunities for capital allocation, and you will be wealthy. Don't forget the value is in the skill to achieve such results consistently, don't worry about your current available capital. Concern yourself with developing the your skill as a trader. The capital will come.

2. YOU DON'T UNDERSTAND PROBABILITIES AND ARE BAD AT BASIC MATH.

🧮- Trading is a game of math. Mostly basic math. Every decision we make in the markets has to be considered in a larger set of decisions. Lets take some basic numbers. You have figured out your win-rate hovers around 50%. But you have conquered some of the basic math of trading, and know that you make 3 times more when you win, then you lose when you lose.

So what is your chance of losing the next trade? 50%?. The math doesn't seem so hard does it? But now lets apply that number to a larger set of trades.

Let's say you are pretty active trader. You take on average 2 trades a day. That is 730 trades a year.

What are the odds of losing 5 trades in a row that year? 100%. That means if you risk 10% of your account per trade, there is a 100% chance you will lose half your account that year.
The odds odds of losing 7 trades that year? 95%. That means you have a 95% chance of losing 70% of your account that year.

Do you understand now why "risk management" is such an important component of trading. It's in the math. When you understand probabilities you realize that we don't use it to protect us against the unlikely event of losing streaks. We use it to protect ourselves against the CERTAINTY of them.

3. YOU DON'T UNDERSTAND THAT DEVELOPING EMOTIONAL AND PSYCOLOGICAL DISCIPLINE IS JUST AS IMPORTANT AS EVERYTHING ELSE.

As important as math, and systematic decision making is in trading. Your ability to control your emotions and how they are influencing your decisions (either subconsciously, or consciously) is arguably more important then anything else. It doesn't matter how much you understand about technical analysis, risk management, asymmetric risk reward, etc, if the guiding force behind your decisions are emotional impulses. Exposure to the markets will elicit extremely strong emotions in most people. When heightened, these emotions could be described as euphoria and terror. Euphoria inhibits your ability to perceive risk. You could be in a state of euphoria without even knowing it, only to for everything to come crashing down, and when you reflect on the decisions you made in that state, you can't even explain what drove you to make any of them. On the other side, terror. Terror leaves you unable to act, unable to perceive opportunity.

Mark Douglas describes these ideas very elegantly. He believe that a trader most operate in a care-free state at all times. He believes understanding the probabilistic nature of the market is the key to operating in this state. It's my belief that you must remove all pretense of expectation from a trade before you take, while your in, until you close it.

When I take a trade, I try to achieve a balanced state of expectation. I don't know if it will win, or lose. I simply okay with either outcome.

I think any trader would benefit greatly from overcoming these 3 issues.

- Having reasonable goals
- Understanding the probabilistic nature of the market
- Using that knowledge to center yourself, and control emotional impulses

[doubleu @0xdoubleu_]

@kzuxbt When ze goat speak ni.. ehm fellas better listen

[kzu 🕊️ @kzuxbt]

Yo @cobie patiently waiting for those 10 episodes of @UpOnlyTV

I have connections at Jaguar so you can get that limited edition for your mom

[doubleu @0xdoubleu_]

@GoneSymphony @OwariETH Yeah I know but never knew "first txing" was a term or a thing people try to do

[doubleu @0xdoubleu_]

@0xuberM ppl actually believe these are all my accounts, that's so fascinating

[doubleu @0xdoubleu_]

@0xaporia Happened to me early 2024, still haunts me two years later

[doubleu @0xdoubleu_]

@foobiusV Good take imo

[doubleu @0xdoubleu_]

@0xuberM @munchPRMR >> when you're kinda rich and bored and like to write

[doubleu @0xdoubleu_]

@kzuxbt All fax

[doubleu @0xdoubleu_]

@BasedShillBH Exchanges need their presents too 🤣

[doubleu @0xdoubleu_]

@foobiusV Check the Twitter Control panel chrome extension, let's you hide for you tab

[doubleu @0xdoubleu_]

@llonchain Twitter control panel chrome extension is great, let's you customize a lot for desktop, hide "for you" etc.

[kzu 🕊️ @kzuxbt]

I’m thinking 1-2 days of a relief bounce before much lower where we take out all liquidity that’s been built up over the past month. 3D bull div will be your signal for upward trajectory.