Lmao, update funding fee 1h 🤣🤣
every hour that passes, the $LAB short side has to pay the $LAB long side 1% of the total position size. for example, if you’re short $100k, then your short funding cost is $1,000 per hour.
if $LAB stays flat here and doesn’t drop for 3 days:
24h = 24%
48h = 48%
72h = 72%
a short position can only make a maximum of nearly 2x its total volume. for example, if you short with a $100k position, even if $LAB drops all the way to $1, you’d only make about $99k in profit. subtract the 72% funding cost ($72k), and you’re left with only around $20k.
so if $LAB holds its price here for 3 days and then drops to $1, you only make about $20k 😂😂😂
damn, if i wasn’t already very familiar with these guys’ tricks, i probably would’ve become one of their victims too. the odds of winning are almost nonexistent.
@IQTestBrain 1. Fill 4L
2. Move it to the 6L
3. Fill 4L
4. Move it to 6L, now you got 6L full and 2L in the 4L
5. Use Farmer sense and make the 6L in half (3L)
6. Add the rest of 2L in the 4L
Crypto Watchlist for the week ahead
$LIGHTER - Lighter is rumored to launch its token this month, as Coinbase added it to its listing roadmap
$FOLKS - Folks teased the upcoming launch of xChain V2, which will introduce cross-chain vault-based DeFi loans
$JUP - Jupiter will launch its new stablecoin built in collaboration with Ethena next week
Base - Base will make a big announcement on Dec. 18 (maybe about its upcoming $BASE token?)
$IN - INFINIT will launch Prompt-to-DeFi, an AI-powered way to create DeFi strategies, on Dec. 18 for early users
$COIN - Coinbase is set to launch prediction markets and tokenized stocks on Dec. 17
$ARB - $19M worth of ARB will be unlocked on Dec. 16
Macro events - Bank of Japan is expected to hike rates next week for the first time in 11 months
$MNT - mETH Protocol, the liquid staking & restaking ETH protocol built by Mantle, will undergo a big upgrade on Dec. 15
MegaETH - MegaETH will open its mainnet to app builders next week
$BTC - Trump is expected to start interviewing candidates for the next FED chair next week
$SNX - Synthetix will launch its perps DEX on Ethereum on Dec. 17
If you enjoyed reading this, a like and a repost would be appreciated🫡
Too many judge their success week by week or even by their last trade. You will torture yourself as a trader doing this. That mistake that cost you a lot of money might lead you to the biggest trade of your life. That coin you took profits on too early, might later rug. Got greedy and didn't sell? Well maybe that conviction pays off. You blew your account? Maybe that was your sign to pivot to another market which you might become a leader in. You've blown your leverage account 5 times now? Probably time to try something else.
It also goes the other way. The accounts flexing millions of dollars might be serving you Chipotle in 5 years. Half the billionaires in crypto are now in jail or served time in jail.
Just like people say to zoom out on higher time frames you need to do that with your goals and expectations. Making $1k a day for 5 years is 1.8 million. You don't need 100x plays, you don't need a huge portfolio, you need discipline, patience, and to find your own edge.
You do not need big wins, you need small losses, small wins, patience, and you'll walk into a big win when you least expect it. You don't need to be early you need to be on time. You don't need to be first, you just don't want to be last.
Blah blah blah point being start zooming out on your goals and reset expectations as a trader. There is a reason that majority of the traders even in this space don't make a living from trading itself. It's HARD, it takes time, and it's not just luck. Luck can help you win a trade, but luck will not keep you profitable over 10 years holding onto your wealth. Unless you get lucky and accidentally drop millions into long term investments that take you away from gambling and overtrading.
Every Bull Market Comparison $BTC
2013: 368 Days after halving
2017: 529 Days after halving
2021: 548 Days after halving
2024: If 126K is our top, we topped 537 Days after the halving.
So, If BTC is unable to create a new ATH in Nov/Dec. Its over.