Think you're early to a play? WBJCrypto is always earlier.
Thought your 200k entry was good? Guess what, he got in at 150k.
No matter what you do, you will always be WBJCrypto's exit liquidity.
That's the beauty of the alpha filter -- find narratives when they're seeds, and harvest when they're ripe.
BNB long from $800 --> $1300? WBJCrypto.
Small Dog from 25k --> 50k? WBJCrypto.
Entries revolve around him, not the other way around.
@WBJcrypto Thanks for the sauce, appreciate how you break the alpha filter down with examples $YZY & $VIDEO, truly helpful🙏🏻 All I need to do is to lock the freak in😭
The $LINEA Bull Case 🧵
To preface, this is a long read. But I'm confident Linea has potential to be THE PvE trade of Q4.
***
This entire cycle, ETH L2s have been faded and made fun of: Blast, Arbitrum, even Base.
People say they're not needed because they're "cannibalistic" and "take away" from ETH itself.
To add to the already horrible sentiment, ETHBTC has been in an HTF downtrend until the last few months.
But what if an L2 wasn't cannibalistic or extractive? What if it actually helped ETH?
Trench skillset:
To be a great trader (or one of the best) - you need to master or be advanced in 3/4 skills.
Wallet Tracking:
I would say majority or average traders would lean more advanced in this category -> however, this trends into shorter hold timeframes. Regardless, always good to have a pleothra of wallets that you consider good traders that tend to identify narratives quicker than others or "insider". If you sleuth enough, you might bump into the right ones or excel your portfolio just copytrading, though relying on this strategy requires you to be online pretty much most of the day and doesn't you give you the "wagmi" trades unless you get super lucky (but you'd probably paper anyway) due to noise of other confluence traders.
Execution:
Pretty simple, the ability to guage how high the narrative or valuation of a utility/product token can go based on mindshare, mechanics, or catalysts aka the "ceiling". You size based on your risk management and entry the market presents you -> then exit once catalysts and attention shifts/dies down on what you believe is the top.
Narrative hunting:
Your ability to DYOR. This requires you (yourself) to research whether or not a meme or utility has the potential to multiply its value in the coming days/weeks/months/years depending on what you're trading. Once you've found a "good" narrative, you then formulate a thesis on what makes it great, undervalued, potential to moon, and certain catalysts that come into play that can prove that thesis into existence. A more rare-skill since traders actually have to use their own mind, knowledge and experience to guage targets and potential invalidations. This also ties into execution category, if you can master these two -> you should be in the higher % of traders in the market.
Mentality:
Last but not least which i find crucial to trading is your mentality. Being self-aware of your current state whether you're running off momentumn of continued success or coming off a losing streak, but ultimately implementing discipline because it is important to understand what type of trades you have a consistent high win-rate on or what trades you prefer to take based on past knowledge or experience that you've encountered before.
Emotional control: trade at your best mood with a clear mind and 0 distractions. Don't be frustrated when you trade or let the emotions get the best of you -> you either miss trades by doing this or lose money, have confidence in yourself first. Additionally, the ability to know when to take the finger off the trigger and not allow yourself to succumb to FOMO or bad market conditions where you don't have an edge.
Conclusion:
If you master at least 3, you're probably a high-skilled trader above the rest. If you want to trade like the best then you have to be like the best. Always a student of the game; never let the money build an 'ego" -> having confidence and ego are two different things. Stay humble as there are always bigger fish out there.
shoutout to one of our @JoinFortune mentors @kom3thazine for this writeup