ChopTradoor

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

Bought some coins

panic shorters at the lows on $BTC

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.

Did SwellDAO $SWELL just vibe code all of their things on railway or why do the bros have keys exposed there bruh

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.

Market structure on lots of alts look a little messed up whilst $BTC is still okay.
Basically how I view it is:
• $BTC can start looking much better with good closes. First sign would be closing today above 83.7k. Last few hours' PA has been alright, but not yet
• Lots of previously strong alts are showing some local weakness (within a larger aggressive uptrend) so it's understandable for either consolidation or more pullback
• Consolidations are happening on the 4H etc. I expect the previously strong coins to remain as the stronger coins WHEN trend continuation happens
• I am playing it defe

Scalping some shorts here
Pick the coines who have broken market structure, ideally lower volume on the rise up than normal, shorts closing, good setups
Quite a few out there. Pick the one that fits your volume profile