alg747

crypto trader, ex-tradfi options trader. python, rust

[htmx.org / CEO of Macintosh SE/30 (same thing) @htmx_org]

some deep lessons from a programmer’s reflections on maintaining a single-file-enjoyer’s code:

https://t.co/2Up1QIGcks

[Paul Williams @freemonotheist]

We never forget

[Mercury @TraderMercury]

people that weren't here in previous cycles telling me how easy previous cycles were

coping hard; markets are never easy, and anyone telling you otherwise is full of shit.

this cycle has been full of opportunities; if you did not capitalize on them, that's on you, and you're naïve if you think you wouldn't have made the same exact mistakes in previous cycles as well, just on different tickers.

mfs really out here convincing themselves they'd be massively profitable because the year is different...

it's tiresome listening to people say 'if I were here when DOGE were below a penny, I'd be retired by now'

cognitive dissonance; having that belief, yet being here since 2023 and missing PEPE, BONK, WIF, + dozens more

this mindset is a disease and handicaps any possibility for success you have to do well in the remainder of this cycle, or the next one.

markets are not easy.
just come to terms with that.

[docyogi @docyogi1]

I am going to print this, put it up on my wall, and
look at it when any situation looks utterly hopeless.

[thiccy @thiccyth0t]

I am writing more long form this summer about broader topics outside of crypto trading

[Jordi Alexander @gametheorizing]

Hats off to @thiccyth0t for the great writeup- the dude sat and transcribed it out old school. Typewriter and all.

One of the things I'm glad we covered was hardware vs software, but for the human brain.

For years growing up I was not using anywhere near my potential because I was stuck on "hardware mindset".

Hardware is your processor speed, like raw IQ. You need this for doing well on SATs and getting into competitive classes growing up.

Hardware gets the most attention growing up-- Its like the 100m race at the olympics:

One quick conversation and most people can see your hardware. Its on display as much as Usain Bolt when he sprints out of the blocks.

This creates a common trap though for early high-achievers. You start associating your Hardware with your identity- it fuses with your ego growing up.

Now hardware is good and all- especially as it slowly decays over time, its good to start with a bit extra in the tank.

But the ego-association can hold one back in life- instead of searching for objective truth and building your software on the solid foundation of reality, you instead develop your frameworks and habits around ego-preserving biases.

This was me through my 20s. Its not a happy time to go through life when you can't reconcile the high potential you feel you have internally, with the outcomes in the real world not matching anywhere near your expectations.

The reason I would fail at my goals through my 20s was because the foundation of mental frameworks I was using was biased. Full of holes. Trying to build a tall skyscraper on top of soft sand.

One of the eye-opening moments for me was seeing some of the people I idolizeds a achieving the goals I had for myself, titans of the financial world like @RayDalio, didn't even seem to have that great of Hardware.

Had I gotten it all wrong? Ultimately achieving anything in life is just a compounding of good-decision making.

And perhaps these real-world high achievers were instead using excellent Software- relying on ever advanced concepts they built on top of solid foundation of seeking inconvenient truths.

The best advice I could give someone in a spot like I was in my 20s, full of potential and low on results--

Walk away from the castles you've built on the sand. Gently let go of the ego that is attached your hardware and the bitterness of the world not handing you success because of it.

Instead- start compounding and growing every year by focusing on building clean, bug-free upgradeable Software.

Leveling up over time is the most enjoyable game in the world. I hope as many people as possible out there can join this game- its even better when its done with heartfelt collaborations. 💜

[⟠Palis⟠🐍 @palis]

Unpopular take but I think Libra was great, exactly what we needed. We need the rotation rugs to be as swift, violent and extractive as possible. We need every single public market participant who buys to lose, ALL of the gains to go to insiders. If we have anymore big launches like this, I hope they’re even *more* violent and *more* extractive

Zero PNL screenshots on the timeline, zero profits anywhere to be heard of, zero long term copium narrative like Trump, only pain and suffering and devastation

This is the only way this meta ends

[Jordi Alexander @gametheorizing]

I have found that one becomes much happier in general, and a much better trader/investor, once you make complete peace with this simple fact-

The world isn't "fair". The people making the most money are not always the most virtuous- often the opposite. Crypto doesn't change this, it just accelerates it compared to the trad world.

The worst projects often pump the hardest. Their insiders will cash out $100s of millions because they happen to find themselves in the center of a gambling tsunami- either by sheer chance/luck-- or in the case of some projects and memecoins, by design.

Those who learn the playbook early gather resources and can afford to do it again and again, milking the market while everyone else is a headless chicken seeing the gains being made and trying to put out a bucket to capture some of the raindrops.

Point of this post is not to incite a moral reaction. There is no good or evil. There is simply the game theory equilibrium. The natural order of how group incentives merge together. Best to observe and learn without using judgements as a crutch for our ego on this simple reality.

I speak to lots of participants who see the absurd riches being made by those of questionable morals and they will say 'yes xyz is making bank but they will end up in jail' or 'they will gamble it all back'. Maybe that happens maybe it doesn't. What I know is this-

Bad decisions get made when hoping for things being a certain 'fair' way and betting on that outcome. It simply is not how it works on average. Plus the mental cope drains energy that can be used on productive thoughts.

There is power in silencing our ego's reaction to the 'unfair' things we witness in this space. We observe simply what is, and we position ourselves for reality without bias 💨

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Freak #0006

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[alg747 @alg747]

Verifying my account on nostr

My Public Key: "npub1rtr7xd6ux4txy86fmj3luunf75895a5m6qtx5wfyrg2xuj02pszsjfa474"

Find others at https://t.co/DYMcflyt2V @nostrdirectory #nostr