D.Griffin

^_^

[D.Griffin @danhnguz]

Long

[Zer0 🕊️ @degengambleh]

Positioned for this until proven otherwise.

Bitcoin.

[Zer0 🕊️ @degengambleh]

One of the most underrated skills in crypto is surviving long enough to buy the actual bottom.

Most people blow their entire stack on bear market rallies trying to frontrun the reversal.

Then the real opportunity comes and they’re mentally + financially finished.

Keep a bag of stables.

[D.Griffin @danhnguz]

@ooloo Lesson in there

[D.Griffin @danhnguz]

@NamOK_bnb Gm a Lam ^^
Không có gì để hỏi cả ạ

[D.Griffin @danhnguz]

@shitcoinsafari Goodbye 🫡

[0xLouisT @0xLouisT]

I'll never understand how and why our industry did tolerate this "unlocked staking rewards meta" for insiders.

Either you implement a real vesting or you don't.

We need more transparency and real impacts for actors who don't provide transparency.

[DonAlt @DonAlt]

"I voted for Trump for the economy"
Economy goes down
"I voted for Trump so he ends wars"
No wars end, new ones break out
"I voted for Trump because he cares about free speech"
Trump attacks free speech immediately
"I voted for Trump because politicians are corrupt"
Trump goes on the biggest corruption spree we've ever seen
"I voted for Trump because he's pro crypto"
Trump launches multiple crypto scams day 1 of his presidency
"I voted Trump because his opponents are pedos"
Elon, one of Trumps closest partners calls Trump a pedophile

[Oliver Anwar @theoliveranwar]

Eat clean
Dress well
Stack cash
Lift weights
Travel often
Drink coffee
Get sunshine

Life will always be good to you.

[D.Griffin @danhnguz]

@NamOK_bnb Gmanta

[D.Griffin @danhnguz]

@stoicsavage btc and hype

[D.Griffin @danhnguz]

@NamOK_bnb Làm chuyến gáp khởi đầu ngày mới
Gm a Nam

[thiccy @thiccyth0t]

second interview in the series with @DefiSquared

this crypto trader has extracted tens of millions of dollars from the crypto markets completely solo

I enjoyed learning how his edges have evolved over the years

constant iteration and relentless curiosity

[D.Griffin @danhnguz]

@0xMerp Vietnam still has many delicious dishes like that. hope you will have a wonderful exp!

[Risk @ryzzqq]

52 Trading Never-Dos: Lessons Every Trader Learns The Hard Way

1) Never oversize. That is when you start becoming irrational. Blowing up while still being right is the fastest way to ruin.

2) Never trade when tired or sleep-deprived. Decision fatigue has ended more traders than liquidation ever could.

3) Never trade without a defined edge. Entering without one is just gambling with extra steps. If you can’t explain your edge in a single sentence, you probably don’t have one.

4) Never enter a position out of boredom. The desire to always be in a trade leads to suboptimal returns. More often than not, doing nothing is the best move.If you find yourself taking trades just to feel busy or because you “haven’t traded in a while,” check yourself. Trading for action leads to sloppy decisions and losses​.There’s no prize for the most trades – only for the most profitable trades. Sometimes the best trade is no trade

5) Never trade after a big loss. Tilt sets in, and you try to win it all back in one bad bet. Trying to recover everything at once is a guaranteed way to lose even more.

6) Never enter a position without an exit plan. Whether it’s a time-based stop, price stop, invalidation, or catalyst-driven exit—define it before you enter. Remember, the last moment of objectivity is before you place the trade​.Once you’re in, it’s much harder to admit you’re wrong, so decide beforehand when to cut the loss.

7) Never marry your bags. The market doesn’t care about your conviction. Cut or be cut.

8) Never trade your PNL—trade the market. Chasing losses or fixating on past wins clouds judgment and distorts execution.

9) Not all views are meant to be traded. The best trade is often no trade. Preserving capital and mental bandwidth for when odds favor you is more important than forcing activity.

10) Never fight the trend. The wave is stronger than you. Adapt or get wiped out.

11) Never try to knife catch without reason. "Cheap" can always get cheaper.

12) Never break your trading rules or deviate from your plan in the heat of the moment.​ Your rules exist for a reason – usually learned from painful experience. The moment you convince yourself “just this once” to ignore a rule (like moving a stop, or doubling down, or trading too big), you open the door to chaos. Discipline is doing the right thing even when it’s hard. As one trading maxim goes, plan the trade and trade the plan.

13) Never fire all your bullets at once.

14) Never trade outside your comfort zone. If a position is too big, you’ll start making fear-based decisions, thinking that market or someone is trying to liquidate you seeing ghosts where none exists. Size your trades proportional to the quality of your sleep at night.

15) Never let ego keep you in a bad trade. Admit when you're wrong—cut, reset, move on.

16) Never underestimate market reflexivity. Strength can always go higher, weakness can always go lower.

17) Never assume liquidity will be there when you need it. The exit door is always smaller than you imagine—liquidity isn’t something you decide, the market does.

18) Never mistake randomness for strategy. Buying because price is going up or shorting because it “feels high” isn’t trading—it’s blind betting. Even with good risk management, you’ll bleed out over time if your entries are based on nothing.

19) Never make the same mistake twice. Trading mistakes are inevitable, repeating them is unacceptable. Never lose the same way twice

20) Never forget to play defense. Being wrong is acceptable, staying wrong is not. Protecting capital always comes first. "Don’t focus on making money; focus on protecting what you have.”

21) Never just focus on offense. Survival > everything. If you don’t bet, you can’t win. If you lose all your chips, you can’t bet.

22) Never fall into lifestyle creep after one big win. The problem starts when you begin forecasting annual income based on a single lucky trade.

23) Never forget to turn defensive after a hot streak. Big losses come after a series of wins when overconfidence sets in. Check your ego—your last big trade means nothing to the market.

24) Never let pride, ego, or overconfidence take over. Always stay humble.|

25) Never trade in situations where you don’t have control. for eg. FOMC events

26) Never get complacent. A strategy that worked in one regime may stop working in another. Trading is a craft that requires continuous self-improvement. Comfort Is Often the Enemy of your PNL. Never assume you know for sure what the market will do. “We have two classes of forecasters: those who don’t know — and those who don’t know that they don’t know.”​ Never assume your edge is permanent. Markets evolve, edges fade, and what worked last cycle may be useless in the next. Keep refining, keep testing—stagnation is death.

27) Never ever average losers after your reasoning has been invalidated

28) Never trade with certainty, trade with conviction.

29) Never assume the market “must” do something, especially based on recent patterns.​The market doesn’t owe you continuity or logic. Just because a market has been rising (or falling) steadily doesn’t mean it can’t abruptly reverse. Avoid words like “surely” or “can’t possibly” in trading. Stay flexible – anything can happen. As a reminder: never say never about market behavior.

30) Never mistake win rate for everything. Maximizing winning trades for the sake of feeling good is a trap. Taking profits too early or avoiding necessary small losses ultimately hurts profitability.

31) Never underestimate discipline, patience, risk control, and execution over alpha generation. Plenty of traders have great alpha flow but don’t know how to use it.Good execution involves choosing not just what and how to trade, but when not to trade. Sometimes the best execution decision is no trade at all if conditions aren’t suitable. Always ask: “Do I have an edge here, or am I flipping coins?” If it’s the latter, save your capital for a better spot.

32) Never fall apart after a big loss or get euphoric after a big win. Emotional resilience is a trader’s strongest asset.

33)Never ignore price action after news. If the market reacts opposite to what you expected, get out. The market is telling you something you don’t see.

34) Never trade on borrowed conviction. If you buy on someone else’s tip, you’ll need them to call your exit too—and when they go silent, you’re stuck. As Livermore said: “Nobody makes big money on what someone else tells him to do.” Hone your own craft, build your own system. If you can’t trust your own decisions, you’re just a pawn in someone else’s trade.

35) Never go against your intuition. If something feels off, it usually is.

36) Never try to Catch Every Move It’s tempting to try to grab every up and down in the market, but that’s a fool’s errand. Always come from the mindset of abundance and not scarcity, markets will still be there and there are ample opportunities in the market to make you whole,
you don’t need to swing at every pitch.

37) Never underestimate the power of failure. Failing early and failing often—while staying in the game—is how you get better.

38) Never hold onto losers when your thesis is invalidated, especially after a massive drop. "I’ve lost too much to sell now" is how you go to zero.

39) Never let "getting back to break even" dictate your decisions. That mindset leads to overtrading and eventually, full liquidation.

40) Never focus only on entries. A trade isn’t over until you’ve exited. Knowing when to cash out is just as important as knowing when to enter.

41) Never ignore the “boring” part (position sizing, stops, risk/reward) – it’s what keeps you in business.Don’t wait for a catastrophic loss to teach you this lesson.

42) Never trade for the adrenaline rush, Trade for the win

43) Never fall into the illusion of strength—it’s often just lagging behind reality.

44) Never stay/enter in a position out of 'HOPE' and wishful thinking

45) Never underestimate risk management. Prioritize protecting capital over chasing profits. "Take care of your losses, and the profits will take care of themselves."

46) Never exit/enter a position recklessly. The same way you scale in, you should scale out—"all in, all out" is a recipe for disaster.

47) Never make a bet you can’t afford to lose. No single trade should ever be big enough to take you out of the game.“The most important advice is to never let a loser get out of hand.” You should be able to be wrong 20 or 30 times in a row and still have capital left​. Never allow a single position to jeopardize your trading career

48) Never trade outside your edge. If it’s not there, sit out. Forcing trades outside your framework is how accounts erode.

49) Never assume your edge is permanent. Markets evolve, edges fade, and what worked last cycle may be useless in the next. Keep refining, keep testing—stagnation is death.

50) Never judge a trade solely by its outcome. Good trades lose money sometimes, and bad trades can get lucky. Focus on execution over results.

51) Never worry about looking stupid or staying in a position because of your public opinion. I have seen many a men die before their time because they were worried about getting publicly ashamed. Cut your losses without hesitation. The market doesn’t care about your pride—neither should you.

52) Never underestimate the power of stepping away. If you’re in a losing streak, liquidate everything and take a break. Mental capital is just as important as financial capital. The key is to break the negative emotional spiral
Once you come back keep your size small and increase exposure only when you gain back your confidence.

These lessons were learned thanks to the books I’ve read, the smart traders I’ve learned from, and the endless mistakes I’ve made along the way.

Trading is lonely. It hurts. It makes you question everything. But if I had to choose again? I’d still take this over everything.

[jeff.hl @chameleon_jeff]

There's been a lot of discussion on Hyperliquid's margin design. I’ll address some flaws in the common arguments and explain Hyperliquid's first-principles based approach to improving the system. To my knowledge, this is the first such design in margining systems.

Perhaps other teams will find it useful for their own logic. Like good theories in physics, the best margining design is simple, canonical, explainable, and works in a wide variety of pathological scenarios.

1. The conclusion of some people has been that there needs to be a centralized force that detects and limits malicious behavior. This completely violates the purpose of defi and everything Hyperliquid stands for. This forces users back to a web2 world where the platform has the final say. True decentralized finance is worth it, even if it is 10x harder to build. Just a few years ago, no one believed DEX/CEX volumes would reach its ratio today. Hyperliquid is leading the charge here and has no intention to stop.

2. Some assume that copying approaches from CEXs will work in defi. The most common suggestion I've seen is per-address margin requirement fraction scaling with position size, as CEXs only offer higher leverage for smaller positions. However, this doesn't work to prevent manipulation attempts on a DEX because a sophisticated attacker can easily open positions on many accounts. Nonetheless, this will help somewhat reduce the impact of "organic whale" positions and is on the list of features to implement.

3. Another suggestion is to implement some features that severely limit usability of the platform in exchange for safety. For example, if unrealized pnl is not withdrawable, many attacks are not possible. Indeed, Hyperliquid pioneered isolated-only perps for illiquid assets which feature this safety mechanism. However, this change would have a crippling effect on funding arbitrage strategies, where unrealized pnl from Hyperliquid needs to be withdrawn to offset the loss on other venues. Real user needs are a top priority in system design.

4. There were also suggestions to innovate on design by having margin settings based on global parameters. However, liquidation prices need to be deterministic functions of price and position size. If global parameters such as open interest were added as inputs to margin requirements, users would lose confidence in the ability to use leverage at all.

So what's the answer? We all want defi, but a permissionless system must be robust to manipulation at all scales.

The answer lies in understanding the true problem with large positions: they are difficult to mark. The first order approximation of mark price times size breaks down when market impact approaches maintenance margin. It's impossible to accurately simulate market impact because book liquidity is a path-dependent function of time and actions of other participants. Without simulating market impact, it can be possible for liquidation to be a low-slippage way to exit at a price that is unfavorable to the liquidator.

Therefore, Hyperliquid's margining system update has the following desirable property: any liquidated position is either a loss relative to entry price, or at least a (20% - 2 * maintenance_margin_ratio / 3) = 18.3% loss relative to the last margin transfer out (using an example of 20x leverage). An organic 20x user who makes 100% return on equity after a 5% move will still be able to withdraw the majority of the pnl without closing the position. However, by introducing separate margin requirements between transfers and opening new positions, profitable manipulation attempts require moving the mark price almost 20%. This kind of attack is infeasible from a capital perspective.

Finally, I'd like to point out that the mark price problem also solves itself as market makers continue scaling up on Hyperliquid. It's quite possible that the trader yesterday could have lost money in aggregate. $1.8M pnl longing on Hyperliquid could have been more than offset when pushing the price on other venues, or using other accounts on Hyperliquid. HLP took over an undesirable position, losing $4M. The only market participants who definitely made money in aggregate are the market makers. With millions of dollars of pnl to be made in the span of minutes, it's becoming clear to sophisticated participants that Hyperliquid is one of the venues with the best flow. As liquidity improves, it will become more and more expensive to dislodge prices. So while the margining system improvements will go a long way, the allure of easy pnl attracting market makers will provide an independent source of robustness over time.

The future is decentralized.

Hyperliquid.

[Agustin Lebron @AgustinLebron3]

1/ Taking a break from options to talk about a general trading concept.

Intended audience: people who are getting into trading, people have read a bunch of “experts” and came away even more confused, etc.

A thread…

[Risk @ryzzqq]

One thing is clear in my book March 7th is a sell-the-news event. The only real question is when to enter the shorts again aka the infamous MOAS.

Two scenarios come to mind:

Scenario 1:
We set local highs before the conference, meaning the market frontruns it. Why? Because after three major fixed-date events in 2025, market participants might have finally learned their lesson. There’s now precedent to start fading these events early.

But maybe I’m giving them too much credit—expecting them to actually price it in this time after getting tricked three times before since the start of this year. The real problem here is if this ‘sell-the-news’ consensus builds too early, participants derisk in advance, and shorts enter before the event. That means if Trump drops another half-baked bullish announcement on March 7th, anyone who derisked early will buy back in, shorts get their stops run, and we get another leg up.

Which leads us to:

Scenario 2: The Delayed Sell-the-News
Market initially buys back in off some vague ‘something big is coming’ comment from Trump. But then people realize—wait a second, he’s playing the same game again. They bought back in thinking something immediate was happening, but in reality, it’s just another fade.

That’s when Expectation Meets Reality.

And that’s when the Delayed Sell-the-News kicks in this time, with no reversals.

but keep in mind this idea roots mainly from the fact that SRA won't get approval anytime soon especially after new alts were introduced after the recent news.

[LoKi 😈 @lokithebird]

Kanye West sold his account to the BarkMeta Doginals crew for $17M—they’re gearing up to scam the entire space.

Share for awareness and save Web3.