The UK is a fucking joke
I recently got declined a business savings account, simply because I operate in crypto. Despite telling them I'd fund it with £500k (and lock it up for 180 days for a good interest rate). This was declined before I even had a chance to provide documents/information, simply because of the word 'crypto'
How does that make sense? They rejected a sizeable, locked deposit literally because crypto is involved
Kraken giving me ball ache rn too. It's one of the only off ramps available to UK ppl. Now they're seemingly cracking down too. Had to provide my tax returns last week, no problem at all, all good.... but today they freeze a deposit asking for *even more* information?
All of this happening while the President of United fucking States launches a memecoin of his own
I'm a good citizen. I pay my taxes. I have elite accountants that make sure all I's are dotted and T's are crossed
Fuck the UK man. What the fuck is going on?
No matter how far I get in this business, I will always remain a student and fan of the game. I will always love Michael Platt’s response when asked, “What do you look for when hiring a trader?”
Michael Platt: I want market makers, people who know that anything can happen. The type of guy I don’t want is an analyst who has never traded – the type of person who does a calculation on a computer, figures out where a market should be, puts on a big trade, gets caught up in it, and doesn’t stop out. And the market is always wrong; he’s not. Market makers know that the market is always right. You are wrong if you are losing money for any reason at all. Market makers have that drilled into their head. They know value is irrelevant in times of market stress; it’s all about positions. They understand the markets will trade against positions. They get it. It is built into their books. It colors the way they think. I look for the type of guy in London who gets up at seven o’clock on Sunday morning when his kids are still in bed, and logs onto a poker site so that he can pick off the U.S. drunks coming home on Saturday night. I hired a guy like that. He usually clears 5 or 10 grand every Sunday morning before breakfast taking out the drunks playing poker because they’re not very good at it, but their confidence has gone up a lot. That’s the type of guy you want – someone who understands an edge. Analysts, on the other hand, don’t think about anything else other than how smart they are.
We're gonna win so much, you may even get tired of winning. And you'll say, 'Please, please. It's too much winning. We can't take it anymore. Mr. President, it's too much.' And I'll say, 'No, it isn't! We have to keep winning! We have to win more!'
Rest of cycle thoughts (complete speculation)
$BTC / $SOL + some select alts go new ATH
Sell-off post Trump inauguration
Bid 80Ks on BTC, retest ATH
BTC double tops, alts make lower highs
Fun over, flip short at top (May?)
Move to neutral / chop bias post major sell off
this might be a controversial take but balance is for people who want to remain mediocre/okay at what they do or have already put in the work and are now reaping the benefits.
if you want to be great, it requires unconditional sacrifice for a period of time (study the greats in any field).
give & take.
P.S. not advocating for rugging health.
They want everyone buying and selling #Bitcoin with ETFs. No more avoiding taxes, full KYC, fees on trades, and an entire record of your trades. What happened to people wanting to be their own banks and wanting privacy?
They understand they must consistently work hard for many years, often alone, without reward & when they eventually start to earn, they reinvest it, never enjoying their true wealth until they sell their assets.
Made a return to trading this week after a VERY long break but we back on our 😤
$NEAR - 30m - nice 100% close on 10x 😶🌫️
Probably my best recorded trade this week (haven't been saving a lot of my cards)
Another angle of Outcome Bias
Imagine if the scenario was replayed a thousand times.
You have to account for variance.
You can do everything right and the outcome STILL won't be right.
That's life.
But you should always make the decision with the best ODDS and PROBABILITY.