noscript is a bit misleading but i agree w most of the content

memes aren’t over, it’s just that the scale of performance just won’t be as great relatively

the low to mid cap trenches will remain hot regardless

briefly talked about it last year here ^

q1 top was a given, but it doesn’t mean no performance moving forward

trenches should still remain hot as there will always be a subset of participants willing to or needing to hypergamble on picocaps to accelerate their port

but memes might still carry some weight only because ppl will not adapt to the new metas and they will still chase the old ones

something similar

here

that said, innovation is needed rn

it will eventually come

and when it does, adapt

until that happens this is my current take when markets improve

because in a cycle of zero innovation, the market has shown you its picks (meme/ai aka pf cycle)

if it remains that way, then the market is not compelled to shift its taste either

what’s there to bid?

might be wrong so i’ll stay light footed as i wait out the current storm

why are trench warriors rotating to leverage?

1) to feel something
2) addiction
3) fast money
4) revenge trading

the moment you light up the trenches once more it’s game on once again

just hope those degens don’t get wiped trying perps

you are your greatest enemy

the human mind needs to be studied again and again

i finished my book list:

Thinking, Fast and Slow by Daniel Kahneman
Thinking in Bets by Annie Duke
Market Wizards by Jack D. Schwager
The War of Art by Steven Pressfield
Best Loser Wins by Tom Hougaard
Reminiscences of a Stock Operator by Edwin Lefevre
Boom and Bust by John D. Turner and William Quinn
The Mental Game of Trading by Jared Tendler
Predictably Irrational by Dan Ariely
Mastering the Market Cycle by Howard Marks
The Art of Execution by Lee Freeman-Short
Capital Wars: The Rise of Global Liquidity by Michael J. Howell
Alpha Trader by Brent Donnelly
The Prince by Niccolo Machiavelli
Fooled by Randomness by Nassim Taleb
Antifragile by Nassim Taleb
The Alchemy of Finance by George Soros
Soros on Soros: Staying Ahead of the Curve by George Soros

i will read all of these over the summer. aiming to finish one per week. maybe will pick up some interesting concepts or ideas along the way, but i generally believe that no book can teach you how to swim in these waters. only book u need is the order book. as julius caesar once said "experience is the teacher of all things".

i am a firm believer of the concept that there is a huge difference between knowing what the right thing to do is (in a given situation) and actually being able to execute on it. thats why experience and constant reflection (and adaption) is the key. this will get you much much further than being book smart.

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