Mack

[Mack @PostOnlyLosses]

Glim back 👌

[glimmery @Glimmerycoin]

Time to start posting alpha again on this twitter account.
BVOL -> rolling 7 day Bitcoin volatility measure.
Extremely low levels of vol is normally followed by large expansions out of the range. As a market consolidates in a narrow range for an extended period, more participants take positions on both sides. With increasing open interest, the eventual breakout becomes more intense and directional, the longer the low volatility environment lasts.
Lets look into each one in more detail:
1. First time I ever experience a 'dead' market with no volatility for what felt like weeks. Of course, the breakout was vicious and quick and the bulk of the move was over within a week but Bitcoins price had dropped 50%.
2. Similar situation to 1 but to the upside, with a 4 month low volatility environment culminating in a 10% move to the upside within a single hour. The breakout of 4.2k lead to a 2 month long bull run all the way upto 13k.
3. Post covid range bound market, market were still deciding if they wanted to retest the COVID lows or break ATHs. Yes, there was a 20% move to the upside, but this was the one time in which the crypto markets didn't continue with the volatility after the initial breakout.
4. Low Volatility before eventually breaking 12k and heading to ATHs. This was the breakout leading to the last bull run.
5. Post FTX 3 month low volatility chop. Everyone was doom posting for another leg down which never came, ended up legging up 25% within a week and nearly 2xing over the following 2 months.

Regardless of which way the price decides to go, some things seem evident, 1. Don't fade the initial move, instead jump on the trend. 2, Volatility will come back with a bang, position yourself wisely.

[DZ @Degenerate_Z_]

1/19
I have been on a twitter hiatus. I am no longer working at the trading firm and I took some time off to enjoy life. I figured I'd write a thread on my experiences, for anyone else looking to take the dive into this side of trading.

[Mack @PostOnlyLosses]

Please report this account!
It's a particularly good fake (Capital I instead of an L) and is DMing people...

https://t.co/bboac7WYUj

[Nick Schmidt @NickSchmidt]

I've been trading for 10 years.

Everything you need to know is in these 25 threads:

[CL @CL207]

all hoomans should read all papers at top 0.0001% percentile of citations (~50 papers) of all fields instead of any books

it is like reading the ultimate distillation of intelligence acknowledged by significant amount of other academics

[Mack @PostOnlyLosses]

Wtf I just watched my cat eat a spider web.

Is this normal?

[Mack @PostOnlyLosses]

@cubantobacco Using the time scale from the cheat sheet, if you buy now, in approx 2 years time you'll be pretty much break even!

Sign me up!

[XO @Trader_XO]

Be humble from your wins.

Learn from your mistakes.

Starting out with trading is mentally draining.

You often find yourself in a dark place.

Eventually it clicks; navigating the trades becomes a structured simplified process.

A logical progression.

#Discipline

[Mack @PostOnlyLosses]

@CryptoCred Up or down sir?

[Mack @PostOnlyLosses]

Why is my feed suddenly filled with ICT posts again? I don't even follow him.
I thought he got cancelled a while back?

[Mack @PostOnlyLosses]

If you have not been blocked by Anton Kreil are you even a crypto trader?

[Mack @PostOnlyLosses]

Checking out some migrating whales today! On their way south from Great Barrier Reef to the Antarctic.

Honestly incredible creatures!

[Mack @PostOnlyLosses]

GM!

[Mack @PostOnlyLosses]

Turns out if I over size my trades my decision making goes out the window.

Does not matter if the trade is far onside or far offside. I make more trading mistakes while over leveraged.

Interesting.

[Mack @PostOnlyLosses]

Been reading Thinking in Bets by Annie Duke.

This book will completely change your approach to taking risk and decision making.

You need to go and read this book right now!

[Mack @PostOnlyLosses]

@SmokeyHosoda Inbox getting absolutely cucked by these guys

[Mack @PostOnlyLosses]

@Trader_XO Nice explanation!

[Mack @PostOnlyLosses]

Developed a strange affinity for Big Timber on Netflix.