this is how i trade. what i do is scalping attention. that is my job. believing in smth is not my job. mapping out possibilities of exchange listings, crime team twaps or industry leaders liking tweets is not my job.
my work is gauging if smth is capable of achieving a certain attention threshold. if the verdict is yes and said attention threshold is not reached yet, i am buying. when the attention threshold is reached i am selling. that does not involve speculating if peak attention is reached.
example is my $AI trade today. i bought when there was not much talk about it yesterday and i sold when half the timeline talked about it today. the attention threshold is reached. my work is done. my edge is exhausted. can it go much higher from here? absolutely. one Vlad twitter interaction will send it flying, but i have no edge in mapping out possibilities of such an event occurring. that is not my job.
i am not in the business of dreaming and i am not in the business of gauging ceilings. i am in the business of scalping attention. and by doing this it is only natural that from time to time i will sell an asset that does many multiples after my exit. and that is totally fine. i do not feel pain about it anymore(i did in the past, and it is a hard habit to get rid off).
i acknowledge that selling some runners too early is part of my job. it is part of the contract i signed and it is necessary and crucial for the environment where i can do my job to exist in the first place. if dreamers would not be rewarded from time to time there would be nothing to scalp for me. its a symbiotic relationship. dreamers must stomach frequent roundtrips and getting their lunch eaten by scalpers in order to catch a huge multiple from time to time, and scalpers must accept selling a giga runner too early from time to time in exchange for no roundtrips. these are the contracts we signed.
Down over 50% now. Going to start trading with smaller size to try to recoup after the baobao incident. Intuition was right, but there are always outside factors that can affect the meme price. Learning to take profits, not rush trades.
Industry focus: ai/ fintech
Profit: - $8k
Down to two positions. Was up a good 60% on $baobao till orangie 1 clipped the whole cart from 300k to 60k. The chart was picking up momentum as well and that completely killed it. Maybe trading isn’t his thing… not sure if it can recover but holding
Current pnl: -7.5k
@orangie full clipping $baobao when it was running 300k plus was not part of my risk assessment for investing in this coin. As a top coin holder you sometimes have to look out for the trenches. Hope you’re happy with that 4k profit… #justiceforbaobao
My uncle saved $650,000 for retirement.
Skipped every vacation for 30 years to do it.
Same truck the entire time. Packed his own lunch every single day. Never once ate out unless it was someone’s birthday.
Died with the full $650,000 still sitting there. Never got to touch a dollar of it.
His three kids split it evenly.
Gone in under two years.
New cars. A kitchen remodel. A trip to Cancun nobody needed.
He gave up three decades of small joys to leave behind something that disappeared faster than the sacrifice that built it.
Got crushed by MADE today. Solid team with a lot going on in terms of media exposure and current hackathon. Was my thesis wrong about this being a $2M coin? Only time will tell but a lot of pain right now.
Current PNL: - $7k
Made some dumb moves today. Decided to risk it for the biscuit and consolidated the rest on my positions into solana:EpXtn6xGoZ4Y45vRjiDUHSCGbBoJD5FaEqZbF98YswH1 . Hoping to 2x minimum from here leading into hackathon.
Current pnl: -$5k
Tried to actually start holding coins I believed in and actually roundtripped 100% gains. I still think solana:61nBtbHTfxCJikoUQJUizYv2tKSHg2KJ3r9YsdLxpump is a 500k coin minimum.. only time will tell