“Euphoria is the best signal to take profits.”
@LSDinmycoffee has been trading since 2017 - from altcoin euphoria, to manual market making on IDEX, to SPX reversals, macro, options, and learning when not to trade.
We talked about what changes after multiple cycles, why good streaks can be dangerous, how he thinks about being defensive vs offensive, and why crypto doesn’t feel the same as it did in the early days.
00:00 Krillin’s CT origin story
05:52 Getting into crypto in 2017
08:19 Turning $10k into almost $200k
13:45 Manual market making on early DEXs
17:38 Rebuilding after the 2018 bear market
24:58 When to be defensive vs offensive
28:23 Using AI for stock research
33:40 Macro, liquidity, and selling the 2021 top
37:11 Why SPX fits his trading style
48:39 Hyperliquid, Binance, and DEX liquidity
58:49 Advice for newer traders
If trading hasn't delivered what you had hoped for this year
There is little point in carrying on repeating the same mistakes
Instead, take some time
And prep for 2026 so you hit the ground running when the new cycle begins
Brush up on your knowledge of how markets function, casual TA, momentum cycles, price reversal patterns and flow
Sharpen your axe
#PriceAction
Market profiles offer a good read when looking for extremes in the market
Similar to a range its about knowing when its optimal to buy-sell alongside when to trigger entries
As price trends look for exhaustion and a new range to form before the next move
sports betting for profit
platforms like polymarket let you trade in and out of sports bets like financial markets.
trying this is probably not a good use of your time.
you should probably go outside.
but i wouldn't listen to me and you won't either.
so i wrote a thing
Congratulations Tom on a monster trade—fair play for holding the line and seeing it through.
You’re a walking case study on why "Letting Go" and the "Reset" are the most underrated forces in this game. The elite traders I work with don’t just treat the reset as a "nice to do"—they treat it as a core part of their edge, just as vital as the execution itself.
Here’s the quick neuro-psych breakdown for when the dust settles:
The Dopamine Trap: Most people think dopamine is about the "win." It’s not. It’s the chemical of pursuit and anticipation. Your brain was screaming during the chase.
The Neural Letdown: Now that you’ve "arrived," the dopamine drops off a cliff. That hollow feeling? That’s "post-goal depression."
The Danger Zone: This is where the wheels usually come off. You’re wired to crave that hit again, which leads to chasing sub-par setups or forcing trades that aren't there just to feel the "rush." This is how so much "Behavioural Slippage" happens.
My suggestion: Take some space. You are at your most vulnerable right now. Go celebrate. Spend some of that edge on something real—it’s a vital part of the letting-go process.
Better to treat yourself now than spunk it all back on a crap trade straight after.
This morning I have finally closed the Gold short I took on 3rd March.
It’s been the biggest trade of my career.
I want to thank everyone in EFL who sat through it with me and had to listen to me talking about it incessantly. As I said at the time, I was a long way outside my comfort zone.
I’ve made tens of thousands of trades across 25 years. I’m in at one level and out at the next. I’ve held something like this only a handful of times.
I should feel elated. And part of me does.
But I’ve spent the last three days writing my book and reliving a lot of painful times. This morning I’m too numb to feel what I probably should.
That’s trading. That’s life.
#PriceAction
The Standard Setup
Simple setup that you can easily use in any market. Takes the emphasis of using Ranges, Supply/Demand alongside what a three tap is
Small write up to cover:
- How to format ranges
- Demand/Supply
- Three tap importance
Lets get into it
Respect the trend.
- Focus on shorts as long as H4 downtrend defended
- Either short from these retests, either waiting for previous lows breakdown
- Break lows, bear market structure continuation LL printed
- Break H4 trend, flip bias, chase longs as long as H4 uptrend defended
@dreamtemple_ This is so thoughtful, perfect way to celebrate love ❤. Manifesting this giveaway and also fingers crossed🤞for this dreamy Valentine's Gift 🎁💕.
@Bubbles__009 My Biggest red flag : I plan your future arguments in advance 🥲😆😭
No one knows you. No one has a story about who you are. No one is waiting for you to be the person you were yesterday. You're just a stranger in a chair by the window, watching a city that doesn't need anything from you.
It's the feeling that anything could happen. That the world is bigger than the walls you built around yourself back home. That the life you've been living is just one version of a life, and there are others, and they're not as far away as you thought.
At home, you're fixed. Known. You fit into a shape that other people recognize, and after a while, you forget you're even in a shape at all. But here, alone, somewhere new, the shape dissolves. You could be anyone. You could be more of yourself than you've ever been. No one is watching to see if you stay consistent.
One of the hardest skills to develop is doing nothing after missing a move.
The setup is gone.
It's frustrating to miss.
But chasing will only lead to a loss and even more frustration.
I just paid tax (India) on my crypto! 🏦
All the crypto I earned and all transactions done under my name in the last financial year are now properly reported and tax-paid.
I worked with a CA (Chartered Accountant) for this. He handled the filing and made sure everything was done in a clean and compliant way.
Crypto tax in India is still confusing for many people. And if you’re from India, this might be helpful. I’m just sharing my own experience here. Some details may not be perfect, and rules keep changing, so always consult a CA for your own situation.
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▶️ A few basics in simple words
Selling crypto = taxable event
The moment you sell crypto or swap it for another token, tax rules apply.
Holding crypto or USDT = not taxable
Just depositing USDT to an Indian exchange like CoinDCX and holding it does not trigger tax. No sale, no swap, no tax.
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▶️ One big misunderstanding a lot of people have:
1% TDS is NOT the final tax
When you sell crypto on Indian exchanges, they deduct 1% TDS. TDS (Tax Deducted at Source) means the exchange cuts a small amount and sends it to the government to signal that a crypto transaction happened.
Example:
You sell crypto worth ₹1,00,000. Exchange cuts ₹1,000 and sends it to the government. You receive ₹99,000.
That ₹1,000 is not your final tax.
It’s just an advance adjustment and tracking mechanism. Final tax is calculated later when you file your return.
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▶️ How crypto is taxed in India (as of now):
- Crypto profits are taxed at 30%
- Plus health and education cess
- No deductions for expenses
- Losses can’t be adjusted against other income
All of this is calculated when you file your ITR (Income Tax Return).
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▶️ How airdrops are taxed in India:
In India, airdrops are generally treated as income at the time you receive them, based on their fair market value in INR on that day. This can be taxable even if you don’t sell.
Later, when you sell the airdrop:
- The value taxed at receipt becomes your cost price
- Any gain on sale is taxed again at 30% (plus cess)
- Losses, if any, cannot be adjusted
Example:
Airdrop received on 5 June 2024, value = $1,000. That $1,000 may already be taxed as income at receipt.
- If the price dumps and you sell at $500:
- $500 − $1,000 = loss, which is not adjustable
If the price pumps and you sell at $1,300:
- $1,000 taxed at receipt
- $300 treated as profit and taxed at 30%
So depending on when you sell, you can end up paying tax even when you’re down overall, or paying tax twice across different stages.
This is where crypto tax in India feels messy. There’s still no crystal-clear rulebook, so many CAs take a conservative approach to avoid future notices.
That’s why keeping proper records, noting dates and prices, and working with a CA matters a lot.
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▶️ Why I paid late this year:
Being honest here. A few things around crypto tax were not very clear. Even now, everything isn’t 100% clear. I tried to gather as much information as possible.
Yes, this was avoidable with better planning. But it’s also understandable given how unclear crypto tax still feels in India.
Because of the delay:
- Interest was charged at 1% per month on unpaid tax (as per income tax rules)
- Late filing fee of ₹5,000 was added for filing after the due date
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▶️ A few things worth keeping in mind if you’re planning to pay crypto tax (India):
Things that HELP:
- Declare crypto sales properly
- Pay advance tax if you trade often
- Try to file on time
- Make sure your ITR matches AIS and 26AS
AIS and 26AS already show what banks and exchanges have reported to the government. If your return matches them, things stay clean and you usually don’t get notices.
Things to AVOID:
- Randomly showing crypto as business income
- Trying to adjust crypto losses or expenses
- Assuming small amounts don’t matter
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✅ Final thoughts:
A lot of people around us probably haven’t paid crypto tax yet. That doesn’t mean the data disappears. Exchanges already report transactions.
Paying tax hurts short term, especially when rules aren’t very clear. But clean records, no mismatch, and peace of mind matter long term.
Again, just sharing my experience. Not advice. Always best to consult a CA for your own case.
Neverrrrtrrrrr Everrrrrrrrr look desperate in life. Remain calm during hard times. Understand it's just your time to suffer like every great man Before YOU.