MC_Underboss

Werewolf by day, Degen by night ....

[Jackrypt @jackrypt001]

Happy Taco Tuesday 🌮

[MC_Underboss @mc_underboss]

RT @jackrypt001: No one is designed to be sleeping with everybody. Man or woman, inconsequential! You're not a public toilet lol.

The argu…

[Jackrypt @jackrypt001]

HOW SELLS ACTUALLY WORK:

We’ve already established something important in the previous thread.

The deeper an order goes, the more room it needs to complete.

Now let’s make that simple 👇
The first thing to note is this: selling in the market works in a straight line i.e. if selling $100 is fine, then it should only make sense that $200 should be twice as hard.

Just kidding haha 😂
Contrary to popular assumptions, the market doesn't behave linearly. Like we said in the previous thread, conditions are not kept constant.

Just like the market doesn’t stop and say:
“Everyone freeze! This person wants this exact price.”
Because you choose to buy at a particular price, the effect of your sell also shifts slightly as conditions change in real time.

Think about this 👇

[MC_Underboss @mc_underboss]

@jackrypt001 Is that even a question 😂😂😂

[Jackrypt @jackrypt001]

Quick question, are futures trading principles applicable to degen?

[Jackrypt @jackrypt001]

We’ve been having enlightening sessions so far, and I think by now you can see that complexity is often self-imposed. A construct brought because we inherently have the tendency to want things difficult for ourselves.

This ties into slippage as we’re going deeper. All you have to do is go with the flow, don’t try to complicate the things I’m simplifying because we’re about to go even more technical.

Let’s get to it 😉

In practice, slippage is the level of permission you give the market to find enough liquidity to complete your order. How far into the liquidity pool you allow the market to go before your order is filled.

Did you notice the word allow?

Let’s break it down 👇.

Think about what happens when you buy.

If you want to buy $40 worth of BTC at 62k, you don’t necessarily end up with exactly $40 worth after it goes through.

Why?

Because when you click buy, the market doesn’t stop and say:

“Everyone freeze! This person wants this exact price.”

😂

No, that’s not how it works.

When you place an order, it doesn’t sit in one fixed spot waiting to be filled.

It starts interacting with whatever liquidity is available at that exact moment, and that liquidity isn’t sitting evenly in one place.

The market keeps moving, liquidity keeps shifting, and orders keep getting executed because you’re not the only one in it at that moment.

By the time it reaches your turn (when your order reaches execution), the conditions may no longer match exactly what you saw when you clicked buy, hence the amount of tokens you receive can be different.

This is why slippage exists.....

[Devcrib @Devcrib]

THE POWER OF RELATIONSHIPS:

One thing that shows up in Web3 jobs is that people often overestimate the role of credentials and underestimate the role of relationships.

Now before anyone gets angry, this doesn't mean skills stills don't matter.

They do.

Without skills, there isn’t much value to offer in the first place.

But what tends to happen is that when opportunities start moving around, they’re usually moving through people.

Think about it.

Most jobs are gotten through relationships, referrals, recommendations, previous interactions, or simply being remembered when an opportunity appears.

The interesting part is that relationships don’t magically appear either.

Nobody wakes up one morning and randomly decides to trust you, recommend you, or bring you into a project. They have to know you exist first.

And that’s where positioning comes in.

[MC_Underboss @mc_underboss]

@jackrypt001 Sense for sure 😂😂😂

Their room is a direct opposite of their online presence in terms of neatness

[Jackrypt @jackrypt001]

Sense or nonsense? 👀

[Devcrib @Devcrib]

GM GM ☕

X is nice, but noisy if your timeline isn't filled with devving related content

If you're a Dev, here's your opportunity to optimise your timeline

Let's connect with more devs and jobbers in the comment section

If you’re into Tech,Startups, Design, web dev, AI, etc

Say GM and get the chance to connect with like minded people

Let's gooo

[MC_Underboss @mc_underboss]

@jackrypt001 GM Jackie boy

[Jackrypt @jackrypt001]

Sense of nonsense? 👀

[Jackrypt @jackrypt001]

SLIPPAGE (INTRODUCTION):

In the last thread, we established that larger orders don’t stay in one layer of liquidity, and instead they move through deeper levels of the pool until enough buyers are found to absorb them.

Today we'll be going deeper into more intricacies, and I'll be introducing a new idea.

But before that....
Let’s go back to the whale and small fish we discussed for a second 😂

A small fish lives close to the surface of the ocean, and because of that, it moves around freely, changes direction easily, and can stay in its usual environment without much disruption, while everything around it feels familiar and nothing really changes when it moves.

A whale is different, because it doesn’t exist in the same part of the ocean.

Because of its size, it naturally operates across deeper parts of the water where conditions are not the same everywhere, so when it moves, it doesn’t stay in one fixed spot but instead passes through different depths, and each depth feels slightly different from the last.

This means its movement is never really confined to one layer, and it keeps transitioning as it goes, and that transition is what defines its experience in the ocean.

That’s exactly how it works in markets.

[MC_Underboss @mc_underboss]

@jackrypt001 😆

[MC_Underboss @mc_underboss]

@wildirishrze874 @awiseflamingo I know it's personal, but you have to be careful about who you reply to and when to reply, especially when it can be used as an excuse to drag you for your faith.

Her next reply proves my point.

There's a level of idiocy you need to ignore so you are not mistaken for a fool.

[MC_Underboss @mc_underboss]

@wildirishrze874 @awiseflamingo Sometimes ignoring is better

Because of your reaction, no matter what point you make now, you'll always appear objectively in the wrong for responding so offensively to what sounded like an innocent and neutral question

You need to read this:
https://t.co/LR7EsAK2KP

[Jackrypt @jackrypt001]

Think twice before you get riled up by that stupid comment

Responding to certain levels of idiocy is not just a waste of time, but also proof of your own foolhardiness lol

Think about this: a wise man can learn more from a foolish question than a fool can learn from a wise answer

There’s idiocy to correct and there’s idiocy to learn from

Know the difference

[Jackrypt @jackrypt001]

11. There's no such thing as luck. Luck is 80% work and 20% chance.

The reason you rarely get lucky is because you don't create room for luck to happen.

You don't get lucky by making rapid progress in a field or spotting opportunities others miss without first putting in enough work to develop the eyes for it.

Even when certain people become the reason for your breakthrough, you still had to put yourself in a position to meet them in the first place.

Most times, you're the creator of your own luck.

Anything else is an exception, not a principle.

[Jackrypt @jackrypt001]

Think twice before you get riled up by that stupid comment

Responding to certain levels of idiocy is not just a waste of time, but also proof of your own foolhardiness lol

Think about this: a wise man can learn more from a foolish question than a fool can learn from a wise answer

There’s idiocy to correct and there’s idiocy to learn from

Know the difference

[Jackrypt @jackrypt001]

Why Large Sells Move Price More:

In the last thread, we established that small sells only look harmless because liquidity is strong enough to absorb them.

But have you ever wondered why people react differently when the sell gets bigger?

After all, if a small sell can be absorbed quietly, shouldn’t a bigger sell behave the same way?
🤔
That’s actually not how it works.
Liquidity is spread across different price levels, and that small detail changes everything.

Let me explain 👇