Kane

managing risk

[Displacement Trades @iamdisplacement]

You need an insane level of boredom tolerance to become a profitable trader.

[Kane @kanexbt]

https://t.co/UHrupyHaCm @awawat throwback

[Kane @kanexbt]

@fomosaurus @gMAKcrypto Don’t mean you I mean new ct

[Kane @kanexbt]

@gMAKcrypto @fomosaurus They don’t know

[//Bitcoin 𝕵ack 🐐 @bitcoinjack]

One of the reasons people lose money is because they are always attracted to buy the thing that's moving, then when it stops moving and retraces they aren't buying (obviously there are more but this is one I witness the most)

Money can be made by finding strong HTF trends (or reversals of a downtrend), for which you identify the fundamental reasons (this stops applying in a bubble, different topic) for why it will move (again) or keep moving, that are in boring accumulation on the LTF or scary retraces (fakeouts in LTF are especially useful)

This works especially well when there is a broader repricing occurring (or you have strong clues this is coming), because new money enters and early entrants rotate out, who then chase again when it goes higher, as well as disbelievers who short it, especially those who missed the initial move(s), sustained trend and making it PvE vs PvP (also why I generally dislike social trading and memes because most of it ends up PvP and dirty insider tricks)

It doesn't really matter what asset it is you long as long (obviously you can replace it with short if that’s your thesis) as it is on your list of things you expect to do well for reason xyz and downside gets protected by not chasing but patiently waiting for one of your watchlist assets to do the scary retrace or the boring LTF ranging. It doesn't matter if it is high or low beta, leverage is a tool to size according to its volatility profile (if the asset moves slow and you require more size)

If your base assumption on the LTF is that every move retraces, you stop buying at stupid levels and your PNL improves. It won’t magically turn you profitable but it will remove many mistakes from which base you can finetune actual strategy

The other important thing is that your ability to be under water is required because the perfect entry almost never exists and especially if you trade size it’s impossible to avoid that you will be under water for some period. But if you’re under water because you chased on the LTF, you make it very difficult for yourself.

Hope that helps

[Quant @quantnetwork]

Big news: Quant is partnering with @TCHtweets to bring on-chain, #programmablemoney to the US.

We will provide the interoperability layer that lets #tokeniseddeposits move freely within the regulated banking system.

This builds on our work in the UK, Europe and beyond.

Read the press release here: https://t.co/OQJXzfN3lr or the blog here: https://t.co/Y39YiIAZD6

#OnChainMoneyInitiative

[tradfi news @tradfi]

*SEC STAFF ISSUES FAQS ON CRYPTO ASSET SECURITIES LAWS APPLICATION

*SEC STAFF: TOKEN BUYBACKS ON FUNCTIONAL PROTOCOLS DO NOT CONSTITUTE MANAGERIAL EFFORTS

*SEC STAFF: LIQUID STAKING TOKENS ARE DIGITAL COMMODITIES OR TOOLS, NOT SECURITIES

*SEC STAFF: MAINTENANCE, ENHANCEMENTS, SYSTEM GRANTS NOT CONSIDERED ESSENTIAL MANAGERIAL EFFORTS

*SEC STAFF: PROMOTING CRYPTO UTILITY WITHOUT PROFIT CLAIMS GENERALLY NOT AN INVESTMENT CONTRACT

[The Order Book @OrderBookShow]

Ponzi highlights that quitting his job too early was a career-starting mistake

"I relied solely on the trading income to survive. So that meant if I saw a profit, I was like, fuck, I should take it off the table and go pay bills. And I missed on hundreds of millions of dollars by being in a position where I didn't have income, and I needed that trading money to survive. And I wasn't willing to either round-trip it or risk it. And it was just a massive, massive hiccup."

Feat. @Tradermayne & @buyerofponzi

[Beni @beniduboss]

This thread is 100% gonna blow up and I am gonna look like a salty c****again but @icobeast pissed me off so now it's gonna get ugly

Kalshi fakes their crypto volume and I can prove it

NOTHING pisses me off more than watching a company treat its own customers like complete fucking idiots

Grab some popcorn cause I dissected every piece of evidence one by one until there’s basically no way for him to respond without making this look even worse

Oh and FYI, I left every source at the end so y’all can check the receipts yourselves 😘

1/x

[Hyperliquid @HyperliquidX]

Trailing stops are now available for perp markets.

A trailing stop's trigger price follows the mark price as it moves in favor of the position. When the mark price retraces from its best level by the selected distance or percentage, it triggers a market order. For long positions, the trigger price follows the highest mark price reached since activation; for short positions, it follows the lowest. An optional activation price determines when tracking begins. Without one, tracking begins immediately at the current mark price.

[Brian @N0th1n3]

Interesting

https://t.co/W7eZXj4oki

[Uniswap @Uniswap]

Permissioned Pools is a hook standard that brings permissioned assets to the AMM with compliance checks enforced at the protocol level

It combines two features unique to Uniswap v4: hooks and virtual accounting

https://t.co/4JvjDQObt2

[Uniswap @Uniswap]

https://t.co/bbYAOfR74E

[U.S. Securities and Exchange Commission @SECGov]

🚨 TODAY: The SEC issued an order granting temporary, conditional exemptive relief to Tokenized Securities Venues from the definition of “exchange” in the Exchange Act to trade tokenized NMS stock using innovative permissioned automated market makers and liquidity pools.

[BitMEX @BitMEX]

Yesterday we closed the book on XBTUSD — the contract that started it all.

Launched on 13 May 2016, it was the longest-running perpetual swap contract in crypto. And until we are told otherwise, the longest running derivatives contract of any kind, given TradFi still trades on contracts that expire.

Let's take a trip down memory lane one last time 💔

[Tensai Capital @TensaiCapital]

In my experience, trading ahead of events like the CLARITY vote is mostly a waste of time.

Markets are pretty good at forecasting the probability of widely anticipated events. The high local uncertainty also increases volatility and makes it hard to set tight stops.

However, what markets tend *not* to be good at is judging how much these events matter to longer-term trends. That means you're better off trading the market's reaction to the event than trying to guess the outcome ahead of time.

A classic setup is when an uncertain outcome resolves in the bearish direction, but prices fail to meaningfully decline. This is a strong signal that there are no short-term sellers left, which opens the door for a reversal to the upside.

To put it more concretely: if BTC and ETH can recover their pre-vote levels (roughly 78k and 2.5k), that's a good sign that the vote was a nothingburger and the prior uptrend will resume.

[Kane @kanexbt]

@RoofHanzo Mom Hanzo
Is awake

[Kane @kanexbt]

@AgentChud Lfg unc

[Bold @boldleonidas]

I still cannot understand for the life of me how this happened.

I mentioned the other day how I had a lapse of judgement, and ended up running an infostealer, which was super scary, but acted quickly disconnected from the internet, ran through all the steps, completely nuked the PC, wiped it entirely before turning it back on. And didn't add new wallets to it at all as I felt concerned.

Made a new wallet in @phantom on a Mac, different device, with a new seed phrase. Also added the same new wallet to my iPhone.

Couple of days later, just that new wallet, none of my others, drained entirely? I don't understand how, nor do I understand the risk any of my other wallets are now at.

[jez (equity perps era) @izebel_eth]

gambling on new pairs isn't locking in, its being lazy and offloading the cognitive burden. its harder to find real conviction than it is to rip a lottery ticket. if someone said they were going to lock in as they sports bet/traded options you'd look at them the same way

a small port has less market impact, more nimble, many more advantages than a large port. the concept of "not enough size" is relative framing vs CT that is poisoning ppls process and returns