JandX

derivatives trader
if I dont respond to dms ping me again

[icebergy ❄️ @Icebergy]

we’re like a barbaric ancient tribe that just got rain for the first time after 80% died

[Tensai Capital @TensaiCapital]

The problem with consumer trading apps today is that the incentives are all wrong.

When you trade your own money, the only number that matters is your PnL. There are no bonus points for consistency or risk management, let alone the quality of your process.

So every retail trader feels pressured to go for broke. No one wants to try to grind out 30% annualized with low drawdowns; everyone wants to take a shot at a 10x, even if the most likely outcome is getting rinsed.

I traded independently for 5+ years, so I know firsthand what this feels like. I was one of the few whose high-risk bets did pay out. I hit my "number" and stepped away from the screens for a while to start a family.

But most traders, even skilled ones, aren't so lucky. They get stuck in a cycle of constant roundtrips due to poor risk controls and overtrading. And the problem isn’t that they’re incapable of proper portfolio management - it’s that nobody is paying them for it.

That’s why I'm building @swing_io. Swing is a trading platform that pays you performance bonuses on top of your raw PnL. These bonuses are based on the same metrics that tradfi HFs/PMs use to assess return quality.

The interface is the same as many other apps you’ve seen: you can trade crypto, stocks, commodities, and FX directly from your wallet. What’s different is how you get rewarded. Other trading platforms just want you to trade *more* - more often, with more size, across more assets. Swing wants you to trade *better*.

The trading community here on X is full of sharp, driven people with years of market experience. You might be one of them. Given the right incentives, I think plenty of these people could run a portfolio with the same discipline as a tradfi PM getting paid 8-9 figs.

But they don't, because their incentives are wrong. So instead they chase extreme upside, take too much risk, and go nowhere. And that’s what I want to change.

The private beta for Swing is now live. We're giving out limited invites this week, so reply below with details on your trading background and we’ll DM you if it's a fit.

[Kuro @KuroXLB]

2025 ct in 10:39

[Tree @Tree_of_Alpha]

to whomever it may concern:
I do not plan on ever selling any investment I have been graciously allowed to make with any promising companies building the future of finance. I do not know how to sell or short. I have lost my ledger in a boating accident.
thank you.

[JandX @JandX_]

@stoicsavage perp bros we are so back

[JandX @JandX_]

when jez originally told me about lighter in march i was pretty skeptical about anything competing with HL. after dydx's success hundreds of competitors were spun up in late 2022 almost all of which failed, so i doubted this time would be different for challengers to HL. despite that he told me i should deposit to LLP regardless because the yield was so high. back in march the deposit caps were 25k per wallet, 50% of which could be deposited into LLP. luckily for me, lighter was hosting a trading competition with a grand prize of 15k points and 1k USDC (lol) so i took a shot at winning it using the remaining 12.5k i didnt dump into LLP

[jez (equity perps era) @izebel_eth]

sometimes the answer is just locking your favorite responsive perp trader in a room with your engineering team and building the design he wants

i have suggested this to teams before usually w/ @JandX_ and none took it but i think they all would have been better for it (no names)

[JandX @JandX_]

@0xMerp it was literally this lmao

[JandX @JandX_]

@TaikiMaeda2 🧑‍🌾wgmi taiki

[JandX @JandX_]

@izebel_eth my goat

[JandX @JandX_]

@DeFiyst thank you king

[JandX @JandX_]

the perps market is by far the most profitable business to come out of crypto and I’m very excited to see a new competitor try something different

[JandX @JandX_]

I always assumed a no fee model would be unprofitable for anyone to offer but revenue from premium accounts + liquidation bonuses and MMing profits to LLP more than justifies the high otc market valuation. more traders switch to lighter for no fees -> more toxic flow -> more profitable for MMs to quote on premium accounts while paying fees. It’s a cool flywheel.

[JandX @JandX_]

@delucinator we did it

[JandX @JandX_]

@KuroXLB @CL207 @stoicsavage

[Stable @Stable]

1/ We've raised $28M in seed round funding led by Bitfinex and Hack VC to launch @Stable — the first dedicated Layer 1 stablechain optimized for USDT payments.

[illiquidity providooooor @skyquake_1]

Absolute chaos on the $alpaca delisting today

Binance and Bybit were scheduling delistings at 0900 UTC with close only orders from 0830 onwards (note the dropoff in volume)

MEXC followed nance, while https://t.co/uGJkyC52GT diverged nearly an hr earlier

anyways rip shorts

[JandX @JandX_]

@oldmankotaro pepemarch

[JandX @JandX_]

"nuke the coins then drop the executive order"