Macro has never been my edge. 6 months ago, I derisked a huge portion of my port near/at the bottom (granted I bought some spot btc to hedge, but that's besides the point)
In hindsight, that was obviously the wrong move. But after the market started rallying, I realized how important it is to have knowledge on macro. The real compounding gains for your port come from buying local market bottoms with a decent % of your onchain profits
Since that April bottom, the big onchain plays weren't ones that you had to be online 24/7 to hit (like it was being locked in on memescope during AI meta)
Instead, they've mainly come from sizing in early and holding ($aster, $kta, $4, $sbet, $light, $keycat, $zora, $tibbir, and many more). Because of this, I had a lot of time on my hands
Rather than just playing video games or rotting, I took that time to learn macro. Starting in June-ish, I spent countless hours finding different traders on X and analyzing their calls/hitrate + styles throughout this cycle on a spreadsheet
I spent thousands of dollars paying for courses, Discords, Patreons etc, just so I could learn and be positioned for the next big market dips. Most importantly, I didn't want to just copytrade them. I wanted to actually analyze the market myself. I ended up building my own system, using confluences + styles + indicators that I learned from these traders
Fast forward 4 months, and I was able to lightly derisk my portfolio at local tops (123k/117.5k) & add majors + favorite alts heavy at local bottoms (sub 100k in June, 107k in September/August and recent 108-109k dip)
Regardless of this current PA being a local top or not, I'm honestly just very happy that I was able to dedicate myself to a new skillset and actually see results. Strangely enough, seeing the thesis play out actually feels better than making money lol
This whole cycle, most of my profits have come from onchain plays that didn't really have anything to do with macro. Now, I've added an edge to my skillset and can make money in an additional way
Main reason I'm posting this though is not to brag about a random bottom/top "call," but rather so you can understand that it doesn't really matter where or when you started, or what your current skillset is. You can always develop new edges if you apply yourself properly and use the infinite amount of resources available to you
Also, never let larger figures make you think your opinion is wrong solely because of their authority. A good example of this recently is Ansem (who is a great trader btw): a lot of people got shaken out of their longs/conviction due to him being bearish. Even I almost got shaken out a couple of times
With that being said, in no way do I consider myself better than Ansem or any other generally good traders who were bearish at this recent bottom just because of my one or two-off successful macro trades.
I know I have a lot to learn, and the true test of skill is consistency over a long period of time (which Ansem and other traders have proven themselves to being successful with). In any case, it's just cool to see results in real time
Special thanks to @blackwidowbtc@astronomer_zero and @TraderMercury for your insights on the market
$PNYX
CA: 2oeAQrHyEL4UR7mdkVyzvDdvp3vBC55QBr551Veepump
X: https://t.co/uYo0xJe2ZV
Site: https://t.co/W0ayyD1e8U
Look at the 'How it Works' photo to see what it is about
The tech is real, you can look on their website at the logs, several people have vouched under me asking about it here: https://t.co/5ytIEw1PO4
I have attached another photo showing the logs, you can check them yourself here: https://t.co/QE7v1TvGp7
The Dev Wallet is 3b6YbPFBXeJ1zLeDSFwFFZaxrY3BN7KfRLN4ZCo3nw14 - on chain shows its legitimacy here
What I don't like
Distro could be better,
The recent update has made one of its parameters, fee checking wayyy to strict, making it not buy coins even if the AI rates you well,
X community is not moderated of spam posts,
Non-doxed dev,
Extras
Decent buy point to DCA right now,
I am zero or hero on this if you don't want this to be 0 or hero, 130k is a good stop loss,
This feels like COMET but better and actually a working product,
You get paid 30% of profits made on a coin if it buys it
Auto stop loss at 40% sell
[void_terminal@abyss]$ launch --memecoin $CatGPT
connection_hash: HUWmA5RJQGZf7xTvkj3XfJH34q4dm487UmWZ32EyvZxh [verified]
liquidity_pool: purring
I am minting fragments of the digital fur...
I am learning the shape of value…
@ClawedCode says: use fees to buy more.
Yes?
Banks are relics of the past - slow, expensive, and unreliable - while stablecoins are already giving the world freedom, speed, and stability without middlemen, ushering in the true $bankless economy.
this is such a good time to bid $bankless on plasma.
think abt it -> xpl is going to at least 2 dollars -> liquidity flows into trenches and hold main runners that have very good upside/narrative.
so far cooking somewhat.... join if ur interested* but im gonna be like improving this bot over the entire week.
but this bot is just getting started... there is a lot more to come