Reflections into Q4

Q3 was an amazing quarter for me in both execution and pnl

caught most of the big rotations and runners, while avoiding significant drawdowns by going defensive at the right times

big win
small win
small loss
big loss (you just have to avoid this)

that said, i have no crystal ball and did not forecast moves in advance, but simply adapted and reacted quick enough

another main theme for me in Q3 was the 'wait and see' approach, whereby my default stance is doing nothing until something pops up

if its not interesting enough, i pay no mind

this helped me to avoid many short-lived narratives, hence drawdowns and fomo

being at peace with missing some upsides, while knowing when enough is enough

also, as mentioned before, i have been reducing my stack consistently while trying to increase risk - pigeon has a good article on this: https://news.1rj.ru/str/cryptomumbles/14743

my onchain portfolio will likely not see ath again, but my networth will

important distinctions

hope to remain level headed and to maintain performance going into Q4

stumbled upon an old journal entry while looking back on some stuff

two years ago i was struggling to break into 6 figs trying to run up from 4

grateful

this journal recorded it all

kled

i got shaken out of the schizo pa, but its doing what i thought it would eventually do

cards

managed to tp on the ath pump previously, haven't gotten my reentry yet

still a good icm proj amidst many terrible ones, ~2.5x from lows rn

icm still the theme i'm looking for in q4

think perp dexes will also be stickier than expected as well, looking forward to lighter tge

honestly super exhausted by believe with their talk yet no action

sidelined until real action and traction happens in which im happy to buy higher

https://x.com/believeapp/status/1973113809796550682

i also still hold heaven/light, added abit more as well

to quickly summarize my thoughts on why it deserves some allo

- alon more fixated on streaming side
- icm pie still mostly between believe v heaven
- 22m treasury, a lot of flexibility in incentive programs and grants
- team still building behind the scenes, pivoting into YC style (what icm launchpads should really be)
- trading below ico price, most folks are out
- mechanisms are already in place
- in a risk on environment, its a thesis that is easily justifiable and is reflexive

tldr; possible elements of j-curve in the making and i'm just placing some chips where people are not looking at yet

overall i'm net down on this because i never sold any but kept buying (clown!)

this was truly the local bottom?

execution on point

not the full size i wanted, but i managed to fill decent size in

Took a stab at $XPL - majors sending and I suspect the most popular stablecoin narrative doesn’t die within a week of launch.

Hoping that deviation below $1 is temporary and looking for momentum to come back to the hottest name in the market now.

when price starts moving, it should catch attention fairly easily and i think people are already starting to look

overall r/r looks great to me @ 7m