Rasmr explains why he decided to sell the rest of his hyperliquid:native
"I was holding hyperliquid:native for way too long, I also can not get rid of the fact that hyperliquid:native might not win the regulatory"
"Someone else that we don't even know yet will most likely beat hyperliquid:native and i just cant get over it, the risk is too high"
"Also Hyper Liquid is not really growing as a product, I checked the revenues and its not growing at all"
the problem with shorting "a bubble" is that the market can be "wrong" for so long that you'll get rinsed before any move actually happens.
the real edge is in riding the wave until the signs of an unwind appear.
The FOMC board is quite split in regards to policy rate and the possibility of a hike in September. At the July meeting, the hold vote was 9-3 with Beth Hammack, Neel Kashkari, and Lorie Logan in favour of a 25 bp hike. This split comes after a cool headline CPI print of 0.0% MoM while expectations were 0.2% MoM.
The next CPI release is in two days, on August 12th, where expectations are for a +0.2% MoM increase in Core CPI. I do think that if the print is +0.2% or higher, the probability of a September hike will increase, with a +0.3% or higher print materially strengthening the case for a 25 bp hike. The hike will be no surprise as many are already pricing in the chance of a hike at >50%; such as Reuters futures and Polymarket traders.
I think many expect a catastrophic sell off when a “rate-hike” comes - I don’t believe that this is the case in this context. I think the big move will come on the CPI print; where a hot print will heavily skew the consensus for a hike. I also believe that a chunk of the downside move has already been front run - evident by the -12.5% and -5% moves on the Nasdaq and S&P 500 indices respectively during the recent selloff (both have since been reclaimed).
I would position short - but not on stocks. I am already considerably short on Bitcoin [$BTC] as I firmly believe there is relative weakness here when compared to indices/tech stocks at the moment. The strength on stocks makes me believe that there is no meaningful downside move to be captured.
The thesis is a combination of technical analysis and this macro thesis (trade is invalidated on a reclaim of $65,700).
Could be one of the most insane trades I've ever hit.
+28% intraday. Bottom entry + top exit on $MU .
Only at TP1 Trading.
Join here for free: https://t.co/hZS0qcHZ2i
The first thing new traders do is try to hunt down the "best trading strategy" - this is why most fail.
Whether it's ICT, order flow, market structure or simple buy and hold, the way you manage the trades will make or break your account.
Most traders look for ways to maximize profits and this is why they will always blow up.
The key to profitable trading is NOT LOSING MONEY. Protecting downside is 10x more important than maximizing upside.
Instead of asking yourself "how do I win?", you should be figuring out ways you can lose; and then make sure to not do those things.
Beating the market isn't about always winning. It's about not losing.
Simplicity is more.