Matt

It's not about how great you're doing it, it's about how long you're doing great.

[Tyler @TylerDurden]

I could listen to Sir McAfee for hours.

[Aylo @alpha_pls]

After 9 years in crypto I realised my edge is being able to sleep soundly with nearly my entire net worth in made up internet money.

The normie mind could never understand, it’s unfathomable to them, and that’s why I keep on doing well.

I watch my friends squirm about $200 going up and down and they can’t take it.

We have developed such strong mental fortitude (mental illness) after witnessing traumatic event after traumatic event in crypto.

It’s such a massive edge that only comes through time and pain.

Your success in markets directly corresponds with how much uncertainty you can continually tolerate.

You are paid to take risk.

Cultivating conviction in crypto has been the greatest opportunity of my life so far.

[Tomb @tombxbt]

>all the times ive ever been the most successful in my life is when ive not told a single soul what im doing

>whether it was buying property, investing, building a brand or business, moving continents

>i never told a soul and it has a 100% positive strike rate

>every time ive shared my ideas, hinted a move or invited advice into my world, ive either been distracted, discouraged or questioned my judgement

>never ask for advice from someone who has base desires, consistently wilts away in an unproductive environment, accomplishes little to nothing and is willing to sacrifice absolutely nothing in their lives

>let your own private innerworld garden blossom outward from acquiring new knowledge, helpful networks, mentors, a positive and grateful outlook

>set a unrelenting desire towards accomplishing your goals and helping others along the way

>this is purpose and direction and very few ever come into contact with it

[Flood @ThinkingUSD]

People mistake trading as purely accumulating capital, but really trading is a self examination of self where all your mental leaks are on full display. You must conquer yourself before you can truly become great.

[Mayne @Tradermayne]

Send the fucking asteroid.

[rego • @regothetrader]

Beware the 'no purpose' arc.

A bunch of money falling into your lap comes with consequences. Your entire world and understanding of it is flipped upside down. Everything you thought was important or priority suddenly changes. It's fun for a while, then quickly begins to fade.

It is a big period of adjustment. You need to find new things to get out of bed for. Money won't do it for you anymore. Limited time/busy schedules no longer exist. You just do stuff when you feel like doing it.

This is the reason 99% of people get out of bed and do what they do to begin with. Whether they know this or not. When that driving factor is eliminated, everything changes.

It is hard to hold yourself accountable. Even harder to follow a schedule. Most don't realize their obligations hold everything together.

[Bob Loukas 🗽 @BobLoukas]

3–7 years is my guess for when the current economic structure starts to break. And I suspect the type of change measured in very long cycles, like decades, not years.

Opportunity is generally very high leading to those peaks. The hard part is removing yourself from the environment so you also focus on being well set and prepared for what could follow.

[Mayne @Tradermayne]

Lacy is back to break even!

[Linda Raschke @LindaRaschke]

I really have no idea why things move the way they do, and I really don't care. It is fun to speculate, for sure, and sometimes things are obvious. But in the long run I do best staying 100% technical.

[Cred @CryptoCred]

Real talk

If you’re on the wrong side during a big move like this, most of your immediate impulses are gonna suck

Greatest hits:

1. Revenge short - Can’t believe I missed this piece of shit scam pumping; it’s up so much it HAS to come down

2. Oversized buy - I will use leverage as a time travel machine to make up for being late

3. TA cope - It has to retest the exact level it broke out from immediately because I watched two whole Babypips videos on 1.5x speed

4. All-or-nothing - My only options are 0%. exposure or 100%, nothing in between exists

5. Deer in headlights - oh geez I guess I should wait for a pullback but no what if the consolidation is the pullback hmm maybe I’ll wait for a range to form but what if that range breaks down do I buy the retest of the breakout or the range reclaim oh man fuck shit what’s Ansem saying

6. Overtrader - I will cement my bloodline on the 5 minute chart; if this next candle is the wrong colour I will either be rich or poor

Just chill out, delete your levels, pretend you haven’t looked at the chart in weeks - fresh eyes

Then it’s the usual list of simple questions:

1. What signals are firing / what do I think is gonna happen

2. What kind of bet am I making (mean reversion/volatility expansion/new trend/momentum/Blackrock scam etc.) and on what time horizon

3. Where am I wrong

4. Does my position size match the current volatility and align with the shape of my trade idea i.e. points 1-3

FWIW I’m washed but gonna try to jam some spot sub 70k. If it gets accepted below 66-67k (retraces the breakout) then I’ll lose money

“Wow it’s up so much what you buy the top?”

Then I’ll lose money and look silly on social media. That’s the cost of doing business (at least the first one).

Just start LARPing like everyone else and instead of saying “I bought the top” say “I aggressively rebalanced when an ensemble of carefully weighed momentum factor signals fired contemporaneously.”

[Cred @CryptoCred]

If you trade trend, you'll get a bunch of false starts

If you trade momentum, you'll often buy the top/sell the bottom

If you trade mean reversion, you'll periodically get carried out by an outsized move

And so on for basically every trading system

This is the cost of doing business that's embedded into every market effect you're monetising

Your job is to understand it and manage it

If you try to avoid it entirely you simply won't get paid

There's no perfect system, it's all about managing trade-offs

Go take a look at your setups/playbook or wherever your trading system lives and map its assumptions and failure cases

The stuff you wanna avoid:

1. Mutating your system because the risk feels uncomfy so you get the worst of both worlds e.g. not holding for long trends/outsized moves but still eating the false starts when you're wrong (all the downside, no balls for the upside)

2. Not knowing what the trade-offs are and sizing like a dickhead so when you're wrong it wipes out all your gains e.g. penny collecting on mean reversion with increasing size and then getting fully wiped on the outsized move

[Watcher.Guru @WatcherGuru]

JUST IN: 🇺🇸🇬🇧 US and UK announce joint plan to support cross-border tokenized assets and crypto stablecoins.

[CrediBULL Crypto @CredibleCrypto]

Believe me, many are.

But if you want to be one of the ones who makes a boat load of money in this space, then you have to keep playing the game while others start to give up.

That's what sets you apart from the crowd.

That's what makes you a winner in a game in which everybody's simply not gonna make it.

How bad do you want it?

How much time/effort are you willing to put in to get it?

This doesn't mean you need to sit and stare at your screen all day- doing that isn't going to make the candles move any faster.

It does mean you need to hang in there when the market is chopping/shaking people out, and find a way to pass the time until the market shapes up in your favor again.

If you can do that you'll still be here and make it out to the other side while many of your peers have fallen off, and that's when you'll no longer be part of the losing crowd but rather the winning minority.

Find a hobby or passion project to keep you busy, spend more time with family/friends, prioritize your health and physical/mental well being, travel (if you can), read a new book, educate yourself more about trading/investing, take this time to do things you may not have nearly as much time for when the market IS hot and you actually DO have to spend your time staring at the screen.

Make the most of this "free time" while you have it because it won't last forever and you want to be fresh and ready for when the market turns in your favor (because it will).

[Mayne @Tradermayne]

You can placebo effect your life into a better place by being perpetually optimistic.

Assume things will always work out, speak in affirmations and think positives thoughts.

Your life will change.

Good things will happen, better people will come into your life, opportunities will become more abundant.

Your perspective is your reality.

[Tom @t0mbfx]

Never marry your bias

I create a daily bias before I trade every day

But will I continue entering trades in that direction if price is clearly showing me that it wants to go the other way?

OF COURSE NOT

Too many trades marry their bias and are always determined that they’re right

This habit will cost you so much money it’s not even funny

Trade what price is showing you, not what you want to see

[🐧 @Pentosh1]

will keep saying this over and over and over

There are 4 outcomes

Big win
Small Win
Small Loss
Big Loss

Your job is just to eliminate #4. You will have good trades, and bad trades. but as long as you eliminate the big losses, the other 3 outcomes will lead to consistent growth over time. Our decisions compound with time.

We will have both ups and downs. That's unavoidable bc we all make mistakes. But the goal is just to have higher lows and higher highs consistently. You might have a 20% win here, and a 5% loss there. Then you move onto the next one. It always comes down to probabilities and just putting ourselves in a position to win.

[gainzy @gainzy222]

Trading’s the most brutal profession

Someone at rock bottom today will be retired in 2 years

Someone who peaked today will round trip everything in the next 2 years

You made it? They call you lucky
You lost it? They call you gambling addict

[Lucky Chart Ape @luckychartape]

Here is everything you need to know to have a strong foundation as a trader.

- An edge isn't something you "choose." It's a recurring market inefficiency that you exploit with discipline. Edges simply exist as they are. You either identify and exploit them, or you don't.

- Most traders are obsessed with win rates because their egos are tied to being right. But your win rate is the most shallow metric in your journal. True edge is defined by Expectancy. It’s the dollar value of every single trade you take, including the losers. Professional trading has nothing to do with accuracy. It is about Expectancy. If your expectancy is positive, every trade you take is a business asset worth a specific dollar amount. If you skip a trade or tweak your plan out of fear, you are literally throwing money in the trash.

- Small account are the same as big accounts. I see it nearly every day: "I only have $1,000, I don't have the luxury of risking 1%. I need to risk 10-20% to get anywhere." This is mathematically illiterate.
When you risk 10% per trade, your Risk of Ruin is nearly 100%. You aren't "speeding up" your growth; you are guaranteeing failure.

- An edge is not a straight line; it's a distribution. Even with a 60% win rate, you are statistically guaranteed to hit 8-10 losses in a row at some point. You MUST understand probabilities over SEQUENCES.

- You don't trade to "make money" today. You trade to protect the math of your edge. A $5,000 trading account compounded at 7% a month is $16.7m in 10 years. The market is a scaling game. If you have an edge, the math works on $5,000 exactly the same way it does on $5,000,000. Don't bake the psychology and habits of a loser into your brain, or you will never build your capital and if you ever did get access to more capital, you would just lose it.

Risking 1% isn't a "luxury" for the rich; it is the requirement to become rich. The person with $1,000 who risks $10 is acting like a millionaire. The person with $1,000 who risks $200 is acting like a person who will always have $0.

- Losses are non-linear. Lose 10%? You need an 11% gain to break even. Lose 50%? You need a 100% gain just to get back to zero.

A professional trader can be thought of as a professional driver. They are navigating a rough, bump territory. When they have a map of (their edge), its their job to then drive that path without crashing. Two traders could have an identical map, but if one trader decides to take every turn at 100mph, they are going to crash.

My primary goal is to teach people how to become professional traders. Not just to offer them my edge, but to teach them the things they need to know to operate as a trader, so they have the skills required exploit that edge, or any other edge they encounter.

[le.hl @0xleegenz]

Live footage of the cruise ship kitchen before the Hantavirus