Destruction Doggo

degen doggo

[Destruction Doggo @DestructionDogo]

2020 degen account.
50x of initial balance.

Lessons learnt -

Biggest losses happen after biggest gains.
If you feel like trading when there are no easy trades, trade with small size.
You can make it all back, but at a big opportunity cost.

[Destruction Doggo @DestructionDogo]

@ILuvMarkets Avoid leverage - use fractional kelly for position sizing. Cascading liquidations are very common.
A 24/7 market will deeply impact your sleep quality unless you fully automate it.
Fees will eat up significant portion of your profits.
Crypto traders have high tax scrutiny rate.

[Destruction Doggo @DestructionDogo]

price and cost of mining btc at 60-70k. slowly accumulate below 60k. twap for a year. if 45k deploy full. no leverage.

[Destruction Doggo @DestructionDogo]

Reminder to slowly offload the bags 90k to 120k. Btc struggling around 100k with high funding rates.

[Destruction Doggo @DestructionDogo]

Reminder to slowly offload the bags 90k to 120k. Btc struggling around 100k with high funding rates.

[Destruction Doggo @DestructionDogo]

high conviction btc stays above 30k after next halving May 2024

hence spot long below 30k, 2x long if 21k, never below 12k.
will sell spot if 90k-120k next bull

btc margined from now on.

btc>usd during bear

[Destruction Doggo @DestructionDogo]

we will get many years to buy the bottom on alts
whats the rush
all rips are for selling

[Destruction Doggo @DestructionDogo]

never above $1

[Destruction Doggo @DestructionDogo]

ema ribbon flip on gmtbtc will provide a short entry again very soon

[Destruction Doggo @DestructionDogo]

lower

[Destruction Doggo @DestructionDogo]

there will always be btc sellers in bear when mining cost is lower than price

buyworthy capitulation when price goes below cost price.

[Destruction Doggo @DestructionDogo]

high conviction btc stays above 30k after next halving May 2024

hence spot long below 30k, 2x long if 21k, never below 12k.
will sell spot if 90k-120k next bull

btc margined from now on.

btc>usd during bear

[Destruction Doggo @DestructionDogo]

Self reminder that it's almost over, easy trades will be hard to come by for couple of years
Less time in front of screen = more time for irl stuff

[Destruction Doggo @DestructionDogo]

Got stopped out on this short at first but reentered with size days later when it gave the same setup but with confluence of stop hunt, stronger trend reversal, stonk breakdown and confluence from gcr and others
https://t.co/sycREb88fW

[Destruction Doggo @DestructionDogo]

luna lot of liqs and stops below 80

[Destruction Doggo @DestructionDogo]

Travelling.
There are irl people who lost a lot of money on Luna.
They might be my counterparties on these trades.
Feel sad now, but my empathy levels will be back 0 at desk.
Rough game.

[Destruction Doggo @DestructionDogo]

Waiting is always the best position
https://t.co/DPSiSochuk

[Destruction Doggo @DestructionDogo]

I feel like shorting luna here, but its strong , wait for more pa, maybe a small <1% short as a reminder to add more if ponzi breaks down eventually.
seeing some marketing accounts shilling luna rn as it nears ath
high volatility maybe a sign of potential distribution

[Destruction Doggo @DestructionDogo]

Sniping bottoms easier, more rewarding and less riskier than tops

[Destruction Doggo @DestructionDogo]

wen gst perps

[Destruction Doggo @DestructionDogo]

Had a lot of shorts built since feb (ftm, sand, shib, doge, sol, axs, zil, waves

Closed them past 2 weeks to add to axs and people short paired with gmt ape long.
Closed both yesterday when gmt ape topped

No short positions today
regretting looking at this

[Destruction Doggo @DestructionDogo]

Past month was bearish crypto
been trying to short strong coins
- pnl started making lower highs

stopped out both ape and gmt short a week ago
flipped and longed both,
added to hedge shorts
- pnl uptrending higher lows now

chart looks like this both legs in profit

[Destruction Doggo @DestructionDogo]

hsaka sold the top again?

[Destruction Doggo @DestructionDogo]

apes vs people