Top 5 on Bybit now. Trying to get the first spot on the leaderboards by end of 2024 and will start sharing some of my thoughts and my overall journey on here.
Will be sharing ideas in terms of direction, inefficiencies, psychology, risk, and strategies rather than just trades!!
1/ I was scrolling through @Mirrorlyxyz leaderboards when I came across one of the strangest wallets I’ve seen in a while.
$6.3M realized in a few months.
64% win rate.
Profit factor of 8.4.
Numbers this clean don't come from standard directional trading, so I dug deeper to figure out what was actually going on.
6/ Probably one of the craziest stats i have seen on leaderboards, and to me, just pure market manipulation. Some might think there is some hedging involved but its just too good. And judging by nearly $7M realized in under a year, market manipulation still seems to be one of the most profitable strategies in crypto.
5/ If you look through enough trades, the pattern starts becoming difficult to ignore.
Violently force price into thin books → trigger liquidations → absorb the panic selling → exit on the rebound.
Over and over again.