Jignesh Davda

Time is the ultimate luxury

[Anthony Crudele @AnthonyCrudele]

I spent over two decades as a full time futures trader and scalper, and I learned your edge isn’t just your strategy. It’s your focus.

It’s the amount of hyperfocus it takes every single day. Blocking everything out, slowing your heart rate down, staying calm, believing in your homework, executing at a high level. Trading has to be your number one focus each day. So if you’re learning to become a successful trader, here are three things you may be focusing on that are working against you.

First, other people’s money. Stop looking at how much everyone else is making. That’s the number one thing you have to look away from. I was around thousands of traders on the floor and I barely remember us talking about money. It was private. The goal was to build a life. It felt blue collar. Today everyone talks about what they make, trying to prove someone wrong about the market. It’s a different place, and a lot harder for a new trader to block the noise out.

Second, the access. Overnight used to just be overnight, where you managed a position if you had one. Set time to start, set time to break, set time to come back. We traded mornings, skipped midday, came back for the close. Now the access never stops, and it’s spread everyone’s focus too thin to stay locked in.

Third, understanding the market environment. We move between environments at a very rapid rate. We go from trending higher with no signs of a pullback, buy the dip and hold on, straight into sell off mode. Trying to guess what those days will be like going into them is very difficult. You have to stay open minded and understand how quickly the tape can change. Last Friday was the perfect example. A market runs higher a lot further than most thought, then unravels all at once. It’s the same psychology we see in traders. They stay in their own trend for only so long, then unravel all at once. If you’re not focused, or you’re clinging too hard to one market environment as you move into the next, you aren’t allowing things to be what they are. You’re fighting them for what they were.

So here’s the simple part. Slow everything down. Survive a game where you pay your bills and stay in long enough to make a living. There will be moments this business really pays you, and you won’t choose them. They choose you. The rest is grinding, surviving, enjoying the process. Arguing with people on social media is a time waster, and the people who do it are usually unhappy in their own lives. Spend your time wisely.

Focus is the whole game. Protect it like your account depends on it, because it does.

Enjoy your life. Have fun. This is the greatest business in the world if you let it be. And it’ll be the worst, and destroy your life, if you let it.

Cheers, DELI

[Jignesh Davda @JigneshDavda]

First piece in 5 years. On the SNB, the franc, and a backstop that no longer exists.

https://t.co/tGhGFdwusl

[Jignesh Davda @JigneshDavda]

@Uber_Support Driver stopped mid-trip to charge his EV, made me 30 mins late. Agent confirmed full refund of AED 453.63 on Jan 24. Three weeks later nothing. Spent 30 mins in your app trying to follow up, every path loops to a bot. No humans, no resolution. Please process refund

[Jignesh Davda @JigneshDavda]

@orrdavid Japanese equities are outperforming US equities in dollar terms despite this

[Jignesh Davda @JigneshDavda]

@PeterSchiff @saylor He’s creating shareholder value by using funds from perps to increase btc per share. If he didn’t, the discount would be significantly larger

[Jignesh Davda @JigneshDavda]

@PeterSchiff @saylor Gold and Silver are doing amazingly well. Go take a victory lap and take a break from spreading hate on social media

[Jignesh Davda @JigneshDavda]

@cz_binance Two more -
- gold bugs tend to be obsessed with physical metals and often steer clear of representational forms like etfs
- gold appeals to a different demographic that participated in the dot com and gfc induced rally. (01-11). Vs btc which rallied strong in 2017/2020+

[Jignesh Davda @JigneshDavda]

@cz_binance Decentralized vs centralized is the main argument. After that, liquidity. Great example is how much PAXG diverted from spot in October.
The fee structure is surprisingly reasonable in cost (15% compounded over 20 years), albeit unorthodox and others don’t charge users

[Jignesh Davda @JigneshDavda]

@PeterSchiff @saylor If you were sincere about debating @saylor, why would you insult him by saying his company will go bankrupt?

And why follow up by tweeting about his offerings when you clearly haven’t done enough research?

You’re both fighting the same fight. Stop treating him like the enemy

[Jignesh Davda @JigneshDavda]

@PeterSchiff @cz_binance Hoping you have some stronger arguments than that for BBW

[Jignesh Davda @JigneshDavda]

@cz_binance This a huge step forward. I admire him for such a courageous move, considering he did spend years bashing blockchain. Well done for bringing him out to BBW. Looking forward to hearing the debate

[Jignesh Davda @JigneshDavda]

@cz_binance Also gives the community a chance to build content around your portfolio changes and potentially a prediction market

[Jignesh Davda @JigneshDavda]

@cz_binance Disclosure can take a different form than TradFi. A link to your investment wallet maybe. might reduce short-term bot volatility.

Allows you to remain neutral by not talking about ongoing changes in your portfolio, yet fully transparent.