i was just told that my type is “mentally ill anorexic caked up fairy girls who probably snort coke” and it’s probs the most accurate thing anyone has said about me recently
people got liquidated yesterday because Bitcoin rejected -3% from Range Highs
if you wanna do well in crypto, just don’t be that stupid
eventually you get ‘lucky’
Discretionary traders should think carefully about instrument selection
As in spot vs spot margin vs perps vs options and combinations therein
The obvious components are cost, liquidity, and capital efficiency. The non-obvious components are drawdown tolerance, volatility tolerance, and trade management.
From personal experience:
Perps are excellent for intraday trading, but for swing trading and larger bets my performance was worse because I would over-manage those positions and be much more sensitive to drawdowns etc.
Spot/spot margin are great for larger bets and higher time frame swing trades. I'd find myself less concerned with the tick-by-tick movements so I could actually hold the trade, but whenever I've tried to LTF trade those instruments, I would get complacent with trade management.
The tempting default answer is perps for liquidity + to size up, but your bigger position isn't helpful if it means you sabotage yourself by managing it poorly
I'm certain that you can think of trades that were great ideas but poorly executed - instrument selection may be the culprit
Crypto analysis in 2024: The dog has a hat
Crypto analysis in 2026: Strait of Hormuz, auto-translate from Farsi, tracking military movements via OSINT, oil futures backwardation