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ChopTradoor

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Trading journal key lesson I'll share:
Frequently I've found that when you aim for perfection, or sort of expect yourself to perform near perfection, then that is already the start of a trading leak and a mistake creeping in
Give yourself, and your strategies, room to breathe
For those that are a bit lost on $BTC HTF, here's a reminder that these resets back to means and moving averages is healthy within a market
This is a ~12% correction, which is extremely common
Resetting just means we get the juice to pump harder later
The hard part is not losing your pants while you try to position for the upside.
Be patient, you'll get more chances to position than you think
BTC-0.67%
Whenever i look at crypto charts and I see the 2020-2022 cycle trading volumes, it's so fkin insane
> All coins pumping randomly with 100m daily vol across the board at least
> Liquidity thicc
Nowadays we only trade like 5-10% of what old volumes used to be
Reminiscing...
Bruh the $MSTR Andrew K resigning got me confused af for a second cuz i thought it was @Rewkang LMEOW
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MSTR-7.78%
Back to centralized and permissions chains we go innit
An important note for swing/discretionary traders:
One of the best setups is when you can associate a key price area to a narrative or catalyst that acts as your invalidation level
Leopold blowing up? Max bearish + liquidation cascade + KR nation blowing up. Great R:R setup below local lows.
$BTC ETF narrative? Great level to long with invalidation below recent PA
These opportunities are by far the best when it comes to gauging not only your own thesis on the market but also whether the market is strong/weak. They frequently also usually give you at least 12 hours to 1 day to position in, so
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BTC-4.93%
Been scalping initia:native for fun, smol size due to OI limits. Been trading strong after the exploit
Easy Variational points as well. You're still basically paid to trade on there
My code gives +12% points boost FYI and immediate higher fee tier
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INIT-1.74%
We're basically at a no-trade-zone on $BTC here
Swept the weekend highs yday and let's see where market wants to drift on low vol for now
FOMC day, take it easy
Losing daily open wouldn't be good tho for bulls and prob rotate down range lows again for new local lows imo
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BTC-0.67%
Slow day today as it's FOMC day
Being defensive as the hedge shorts are doing their job in keeping my long legs comfy
i was promised uptober
and i got choptober
Btw if you've been losing money only going long or only shorting recently, I think this is VERY VERY normal.
Markets have *not* been easy.
If you miss the 1-2 days it moves a lot, you're basically just thrown random chop.
I got chopped up a bit on stronger directional bets before I pivoted into pair trading again in the last 1-2 weeks and strategies have stabilized much more
Continue to adapt. If you've been losing a lot, just cut size to like 10% your normal risk until you feel like markets are turning in your favor again
Such is the life cycle and infinite improvement treadmill we are all
PAIR-11.35%
Bought some coins
panic shorters at the lows on $BTC
BTC-0.65%
people ask me how i can stomach the recent losses.
i lost nothing. in this moment, i have exactly the amount of dollars i deserve. the rest is just variance.
our NW will always regress to the base level of our process. always. our job is to constantly elevate said base level.
Some choppy consolidation wouldn't surprise me on $BTC
Any sustained weakness below 81k and I'd gtfo, add to hedge shorts
Still net long for now with selective alt hedge shorts open for now.
Best to wait for closes in choppy environments
Act slow when markets are slow
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BTC-0.67%
Did SwellDAO $SWELL just vibe code all of their things on railway or why do the bros have keys exposed there bruh
SWELL+9.05%
This is what they all wishes the equity curve looked like
(it's not mine in aggregate but one of the main strategies entered around the 760s)
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To be clear, there are 2 sides of the coin for the $PAPER changes
As @papertrade_xyz team, obviously they have to do it to prevent attack vectors, maximize longevity, and they still earn via fees
As stakers, you have to fight the inflation economics of PAPER emissions. If you were hoping for staking + not trading and earning, then obviously profitability comes down drastically
It is what it is. Just going to leave $PAPER staked and hope revenues outgrow the inflation lmeow.
Some people seem upset about the $PAPER @papertrade_xyz update but I think it's good
Owning PAPER is owning a share of the house
If non-transferability etc. is required in order to prevent attack vectors, then that's how it should be
Ppl missing the forest for the trees
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