It’s always interesting to see how quickly people start calling for much lower prices after the first dip in a bull market.
We’re going much much higher
All in
I’m up $35k this month on my new Hyperliquid wallet that I opened specifically for trading equities.
I’ve been spending a lot more time researching and reading about stocks lately. Thanks to Hyperliquid, they’ve become much more accessible, and I’ve found them easier to trade. Equities tend to trend better than crypto, which makes it much easier to size into positions and let winners run.
Started this challenge account with around $18k and topped it up once around May. Along the way, I learned a lot about trading in environments like this. I’ve also been getting more into equities lately now that they’re easily accessible, so I’ve been spending more time studying both markets.
One of the biggest lessons was recognizing that it’s a much bigger game than most people think. Understanding who is buying, who is selling, and more importantly why they’re doing it helped me tremendously. In a PvP market, your main concern should always be who’s buying your coins and who isn’t, and what their incentive is. Around May there was virtually no demand while ETFs were seeing daily outflows. That’s simply not an environment where you want to be aggressively long.
The second lesson is cutting losses early. I don’t recommend holding losing positions at all. Usually, the size of your drawdown matches the size of your ego. Closing a losing trade means you’re still in the game. Most people refuse to do it and end up liquidating their entire account instead of accepting a small loss early.
I’ve also found trading equities to be a bit simpler. Markets tend to trend, whereas in crypto, ETH can rally 6% and retrace the entire move within the same hour. Crypto has become an extremely PvP market, and adopting an extractor mindset has served me much better than trying to constantly swing every move.
Last but not least, don’t be afraid to short overpriced assets. The market rewards traders who can play both sides, not those who permanently identify as bulls or bears.