NBO has no promises, no bullshit and no expectations other than high-quality digital artifacts inscribed on $BTC where they belong ๐ค๐ค๐ค
Fuck it we ball
One of the biggest mistakes most traders make is not remaining liquid.
No matter your bag size, you must have the discipline to keep dry power to act swiftly on an opportunity without having to either A) take the time to act & delay, or B) make a tough choice of selling some other asset to rotate into the new opportunity.
If you were holding an asset, that's bc you thought it had a chance to go up, otherwise you would've already sold it. So forced selling of asset A to chase opportunity asset B is how people inevitably bleed themselves out over time.
Hear me say "traders" not investors. If you're an investor, keep sitting on your hands, plow money into longer term holds & be comfy.
But if you're here. If you're reading this. If you've bought & sold anything in the last few hours/days/weeks. You're a trader. The same rules don't apply to you.
Holding cash/stables/liquid majors like SOL/BTC/ETH to make plays is imperative to long term success as a short term trader.
I can't count how many times I've heard "I missed it bc I couldn't bridge in time" or "I couldn't dump my XYZ fast enough to buy ABC so I missed it" or "ugh, I dumped XYZ to chase ABC and XYZ then rallied & ABC dumped. I should've just held XYZ."
Those are all terrible decisions made out of need to find liquidity.
Seth Klarman once said โMy experience is that when people want to give something away at a ridiculous price because they have to, not because they want to, that's a good time to buy.โ
AKA, when people are dumping a good asset to raise liquidity to chase something else, that's when you buy.
How do you keep liquidity? How much should you keep? With discipline & an amount that conforms to your trading rules you set for yourself.
"Know thy enemy & know yourself."
Well thankfully Sun Tzu, in trading, normally you are both yourself & your enemy. Figure out what you need to do to not overthink things and make irrational decisions.
I personally try to always maintain 10% liquid funds for urgent opportunities. I keep it on every chain, every wallet, every bot needed to have funds sitting somewhere to make a quick move.
I fully understand not everyone has the luxury of keeping adequate funds on every chain/wallet/etc. Bag sizes differ. Then you must understand you're playing by a different set of rules. Stop chasing every trending TL play on every chain & get good and focus until you grow your bags large enough to spread yourself out more.
If you can't hit a 99 mph fast ball, you wouldn't be playing in the majors. So if you don't have the liquidity to play on every chain and chase every opportunity, then don't try. Know thyself. Focus on getting good enough at something that you can stack wins.
TLDR - hold onto liquidity or you're going to keep missing the big opportunities.
Man, I feel like an illegal immigrant getting a free house airdropped today from @MEFndn for their $ME stimmy. Even Emmy is going super saiyan on the @X home page for me. Feelsgoodman ๐๐๐
Reminders for $ME TGE (TODAY 2 PM GMT)
1. If you haven't linked your wallets yet, no stress. You can link wallets & claim $ME from TGE - Feb 1, 2025.
2. You'll need to claim your $ME. All $ME will be claimed in ME's mobile app. If you linked all wallets, load app to claim $ME.
Few understand this.
Do you really think $ME will trade at a market cap of $500M (based on pre-market trading).
- $JUP $1.9bn (launched at $900M)
- $HYPE $3.9bn (launched at $1bn)
- $BLUR $900m (currently)
Somewhere between $10-20 feels like the right range shortly after launch
Bunch of peeps bitching on the TL about their @MEFndn allos. 1st off, it's free monies. 2nd off, GG mf. This allo is just from 101k total diamonds. Haven't checked my bigger wallets yet, but I think I might of bag fumbled those by not claiming test $ME with them. Fuck it we ball