In 2019, MIT professor Patrick Winston gave a legendary 1-hour lecture called “How to Speak.”
It has 18M+ views for a reason.
His frameworks:
• Your ideas are like your children
• The 5-minute rule for job talks
• Why jokes fail at the start
15 lessons on communication:
Market Context
This is the most important foundation of my trading:
@Trader_XO was the first person to bring this to my attention and to this day his teachings still have a tremendous impact on my trading / process.
Market context should be one of the foundations of your trading. It helps you identify which trades you should be focusing on, from a more directional point of view.
Patterns don’t mean shit unless you are trading them in the right context, this goes for double tops / bottoms and even compression setups.
The daily / weekly 12/25 EMAs (TraderXO Macro Trend Scanner) is one of the simplest yet most efficient way to ensure your always on the right side of the trade.
In an uptrend, the daily bands will be green and price comfortably above. In a downtrend, the daily bands will be red, and they will act as resistance when price trades into them from the underside. In rotational (Range) environments you will see the daily bands more frequently cross both bullish & bearish.
My favourite tip for identifying a rangebound environment after an uptrend, is when we have the first bearish cross on the bands. Vis versa, in a downtrend you can wait for the first bullish cross to anticipate a rotational environment.
I urge you all to implement market context into your trading process and have clear rules defining how you identify each environment.
STREAM SUMMARY @Trader_XO
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Check out @rabbitx_io - perps with 20x lev who make these possible, using my ref; https://t.co/GekZuYrYv0
Appreciate yall
Part of the reason there’s so much disagreement regarding where we are cyclically is because returns have been so unevenly distributed
Additionally, a lot of previous cycle signposts have been absent and/or entirely invalid
1. The conventional ‘risk curve’ trade of BTC —> ETH —> large caps —> mid caps —> shitters has been unprofitable. Barbell portfolio of BTC + memes has dominated.
2. ETH/BTC has been remarkably weak, whereas historically it has benefitted from a risk on environment. This has also spilled over into ETH L1+L2 proxy trades being suboptimal. ‘Crypto as a casino’ thesis has been captured by memecoins on SOL (vs previous cycle’s casino was NFTs on ETH).
3. Memecoins have been consistently leading and rotating from that sector has been costly, whereas memes pumping has historically been an indicator of being late in the cycle.
4. BTC hasn’t offered a series of previously ‘standard’ bull market pullbacks of 30-40%. This has created a bunch of early sellers/sidelined traders. Also led to proliferation of left-truncated cycle discourse, shorter cycle, super cycle, and other heterodox variants.
5. There are so many new tokens (amplified by memecoins) that “crypto bull market” no longer means “everything that’s listed goes up for weeks/months” - the rising tide has not lifted all boats and there are very clear winners vs losers (and they’ve broadly stayed the same, no massive rotations e.g. ETH eco/L1+L2 trade been weak relative to SOL for ages, with exceptions).
Taking all this into account, it’s entirely plausible that you have Trader A who rode BTC, SOL, and memes and feels like stuff is hot and needs to cool off, whereas Trader B has barely made any money and feels like stuff hasn’t even picked up yet, and everything in between.
We all have different portfolios, trading styles, time horizons, risk appetite, volatility tolerance, and a bunch of other stuff.
Most of crypto Twitter thinks crypto will go up and to the right over time, we just disagree about the fine print.
Be kind, chill out 🫡
$BTC has spent 60 days in this range
Might be a good time to check out the free Tradingview script I made a year ago called "Range Analysis"
It's interactive and auto draws all the range levels, as well as stuff like VWAP, Volume/Open Interest profile & heatmap.
Hope it helps
Gun to my head if I had to choose one indicator/tool to be stuck with for the rest of my life it would be:
Volume Profile (VP)
"....and volume ultimately measuring the success or failure of all advertised opportunities."
A Comprehensive Guide on VP - 🧵
18 useful razors and rules:
1. Bragging Razor - If someone brags about their success or happiness, assume it’s half what they claim
If someone downplays their success or happiness, assume it’s double what they claim
2. High Agency Razor - If unsure who to work with, pick the person that has the best chances of breaking you out of a 3rd world prison.
3. The Early-Late Razor - If it's a talking point on Reddit, you might be early. If it's a talking point on LinkedIn, you're definitely late.
4. Luck Razor - If stuck with 2 equal options, pick the one that feels like it will produce the most luck later down the line.
I used this razor to go for drinks with a stranger rather than watch Netflix. In hindsight, it was the highest ROI decision I've ever made.
5. Buffett's Law - "The value of every business is 100% subject to government interest rates" - Warren Buffett
6. The 6-Figure Razor - If someone brags about "6 figures" -- assume it's closer to $100K than $900K.
7. Parent Rule - Break down the investments your parents made in you: Time, Love, Energy, and Money.
If they are still alive, aim to hit a positive ROI (or at least break even.)
8. Instagram Razor - When you see a photo of an influencer looking attractive on Instagram -- assume there are 99 worse variations of that photo you haven't seen.
They just picked the best one.
9. Narcissism Razor - If worried about people's opinions, remember they are too busy worrying about other people's opinions of them. 99% of the time you're an extra in someone else's movie
10. Everyday Razor - If you go from doing a task weekly to daily, you achieve 7 years of output in 1 year. If you apply a 1% compound interest each time, you achieve 54 years of output in 1 year.
11. Bezos Razor - If unsure what action to pick, let your 90-year-old self on death bed choose it.
12. Creativity Razor - If struggling to think creatively about a subject, transform it:
• Turn a thought into a written idea.
• A written idea into a drawing.
• A drawing into an equation.
• An equation into a conversation.
In the process of transforming it, you begin to spot new creative connections.
13. The Roman Empire Rule - Historians now recognize the Roman Empire fell in 476 - but it wasn't acknowledged by Roman society until many generations later.
If you wait for the media to inform you, you'll either be wrong or too late.
14. Physics Razor - If it doesn't deny the law of physics, then assume it's possible. Do not confuse society's current lack of knowledge -- with this knowledge being impossible to attain.
E.g. The smartphone seems impossible to someone from the 1800s -- but it was possible, they just had a lack of knowledge.
15. Skinner's Law - If procrastinating, you have 2 ways to solve it:
• Make the pain of inaction > Pain of action
• Make the pleasure of action > Pleasure of inaction
16. Network Razor - If you have 2 quality people that would benefit from an intro to one another, always do it.
Networks don't divide as you share them, they multiply.
17. Gell-Mann Razor - Assume every media article contains a % of false information.
Sandbox the article from your worldview until you've:
• Seen primary sources
• Spoken to 3 domain experts
18. Taleb's Surgeon - If presented with two equal candidates for a role, pick the one with the least amount of charisma.
The uncharismatic one has got there despite their lack of charisma. The charismatic one has got there with the aid of their charisma.
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Just turned 30 and these are the non-obvious rules that always produced outsized returns when following them -- and outsized downside when neglecting them.
Taken from my newsletter. Link below.
Not even in an arrogant conceited way.
There just shouldn’t be a long-term situation where other people believe in you, more than you believe in yourself.
The first thing you should be bullish on ever is yourself even if you have nothing to show for it (yet).
hi im mememillions, an apathetic (altho sometimes optimistic) crypto whale.
like some on here, i got wealthy holding eth/btc/sol and flipping alts for the better part of the last decade.
but i got insanely wealthy trading and holding pretty much every single big meme coin ever.