> independently discover a Zeno's paradox at age 3
> MIT at 17, grad level math in 1st year
> graduate in 3 years
> drive motor scooters from Boston to Bogotá with the boys
> start a company in Colombia
> start code breaking with the IDA for money
> solve minimal varieties in riemannian manifolds
> speak out against Vietnam War, get fired from IDA
> take over math dept. at Stonybrook, make it a top-ranked program globally
> develop Churn-Simons theory, accidentally contribute more to physics than most physicists
> get bored with math, start modeling financial markets
> return 60% for 4 decades straight
> establish one of the most effective philanthropic organizations of all time
> chain smoke cigarettes the entire time
RIP Jim 🫡
Seeing a broad #crypto sell off is never fun, but events like we're seeing today are why we've long said that project which live by token price, die by token price.
Regardless of what the markets do next or for how long, nothing is affected for @GenesysGo.
The direction we're building is the same, the amount of runway we have in front of us (years) is the same, the fundamentals behind the $SHDW powered tech we're building are the same.
#Solana #web3 #SHDW
>Most sophisticated market participants observed this soylana pump from the sidelines
>Desperately feel the urge to ape something to make up for it
>Certain token has always served well as the default trade for this
Just bought 4 @GalacticGeckoSG and staked for a year.
At today's prices, Geckos have gotten approximately $4k in airdrops
Floor price on Geckos = $2k
Geckos will continue to be a community that gets prioritized for airdrops. I think these will be free.
A few common mistakes in these conditions:
1. Excessive leverage. Specifically, introducing liquidation risk in assets that are regularly moving 10%-20%+ in a day. Let the volatility do the heavy lifting, not the leverage (or specifically, massively inflated position sizes facilitated by leverage that force you to use very tight stops or liquidate you on small moves against you).
2. Excessively tight stops. Same consideration. If you're targeting larger rotations in a higher volatility asset, being overly tight with stop placement can work against you. You don't want to create a loop where your idea is broadly correct, you get wicked out because you were LARPing as some 50R tick sniper, and then the market moves straight to your target without you.
3. Excessive rotation. If you're trying to make the most of a multi-week and multi-month trending period, you shouldn't be overly concerned with any specific 24H window of returns. It is a form of overtrading. It is also a form of FOMO. This also introduces the risk of creating a loop whereby you sell your bags to chase the strong stuff --> strong stuff consolidates --> the bags you sold moon --> repeat ad infinitum. Find some setups or ideas that you like and give them some room to breathe.
4. Mistaking consolidation for weakness. This is another version of time-based FOMO. Participants will infer that just because their bags haven't turbo mooned in a short period of time, the market is weak or they've allocated poorly. Instead, your rebuttable presumption should be that consolidations are a form of pullback and present an opportunity to buy stuff that eluded you when it was breaking out. Boredom and impatience do not necessarily signal weakness.
5. Excessive trade management. The degree to which you intervene in your trade ideas should somewhat mirror the time frames of those ideas. For example, if your trade is predicated on a breakout from a multi-week range, your targets and trade management time frames should be derived from (or resemble) the weekly time frame. That makes more sense than, for example, buying a large weekly breakout and setting a target at 15M resistance that's 5% higher and panicking over every red 5M candle.
6. Overtrading your core holdings. There are countless stories of traders getting very good swing and/or HTF positional entries but gradually fumbling them through trying to time every single dip and rotation that takes place on the way to their target. An unfortunately common version of this is selling 100% of exposure at some level in order to 'buy back lower'. This is particularly a strange choice when a trader's target is materially higher than the pullback they're hoping to rebuy. For example, if your ultimate target is 50% higher, is it worth selling all of your exposure in an attempt to time a 5%-10% dip? This can result in the market not offering the pullback that was hoped for, and now the trader is sidelined - this usually comes with a mental block, as buying back higher than you sold can be psychologically tricky/feels like you're chasing. In short, this is a form of overoptimisation. If you're bored and feel like gambling in between, use a sub account or @breakoutprop (disclaimer: I have a financial interest in its success) so you can scratch the trading itch without sabotaging yourself. Or go to the casino, get a hobby, whatever.
7. Excessive number of open positions. With every added position, your capacity to effectively manage any single position decreases. The altcoin market is still pretty tightly positively correlated, so you're more likely just spreading yourself thin rather than 'diversifying'. Focusing on a smaller number of higher conviction trade ideas and managing them patiently and judiciously is probably better than trying to catch everything at once and drowning in noise. If you want to spread yourself thin, go buy some Solana shitter lottery tickets i.e. X amount of $ across [large number] of memecoins/new coins that will either go to 0 or appear on your feed when you're up multiples. At least that doesn't take up your trade management RAM.
8. Allowing social media to materially impact your perception. It's PnL + leaderboard season. It may feel like absolutely everyone is winning massively all the time. Granted, the market has been very good unless you've been stubbornly short, but social media is still a highlight reel boosted by selection bias and survivorship bias. You don't see the fumbled entries, the break evens, the times traders got stopped at the bottom, undersizing great ideas and oversizing bad ideas, not pulling the trigger, and so on. As long as you're trading well and improving, don't try to speed run some arbitrary returns or net worth goal.
TL;DR
I ain't reading all that. I'm happy for u tho. Or sorry that happened.
stop writing essays nerd give me a ticker
Geckos have dominated on socials for as long as I can remember. The best part is that it's all organic. No bots. No paid influencers. All genuine interactions from real people.
Most communities fade when they're faced with adversity. Geckos thrived and became stronger.
Solid base. Forged to last. Time to shine.
?
Why is blud acting like he was even around?
You just saw the last week of price action.
No shit you’re gonna think it’s fast coming back after getting BRUTALIZED at the PICO-BOTTOM by DO KWON.
Mentally broken and financially RUINED.
Forced to become a gh3y dancer for SATAN.
Anyway—I’m getting off topic.
Yeah, not that fast. Normal.
Remilio.
🧵DAGGER / ShdwDrive v2 THREAD🧵
║Storage & Compute #Depin project, by @genesysgo.
► Key points of what this project, once mature, will look like.
― Statut : public Testnet on #solana
🟥DAGGER
🟧ShdwDrive v2
🟨ShdwNodes │ $SHDW
🟩Testnet
🟦Conclusion
🟪Sources
LET'S GO🔥
Honestly I have always just chalked up @GalacticGeckoSG to just having super strong leadership and COMMUNITY,
But truthfully I think they could also be a sleeping giant in terms of a powerful IP here on SOLANA as well.
I thought I might be late when I bought in.
But the story was too familar to fade:
🟩 unique family friendly IP
🟩 huge buyout from OG founders
🟩 strong community meme culture
🟩 obsessive team
Congratulations to @LucaNetz and the rest of the @pudgypenguins. Well deserved.