Had you bought $BTC with your $1,200 stimulus check in 2020 you'd now have almost $20,000.
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$BTC surging hard in the past hour
$SOL & $ETH rejecting this surge hard, barely rising, fwiw
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$SOL & $ETH rejecting this surge hard, barely rising, fwiw
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DoomPosting
Pumpfun revenue — another interesting signal, tracking pumpfun memecoin performance prior to their launch See also my memecoin success-rate charts, tracking post-launch pumpfun coin performance Wow, look at how there were ~zero pumpfuns back in March, the…
Cumulative PnL of day crypto day traders, i.e. guys frequently buying and jeeting the majors all the time, according to latest hyperliquid stats
= Negative the entire time since 2024, just dropping like a rock, and just won’t stop
Meanwhile, know what the stats would look like for just HODLing the majors?
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= Negative the entire time since 2024, just dropping like a rock, and just won’t stop
Meanwhile, know what the stats would look like for just HODLing the majors?
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DoomPosting
Cumulative PnL of day crypto day traders, i.e. guys frequently buying and jeeting the majors all the time, according to latest hyperliquid stats = Negative the entire time since 2024, just dropping like a rock, and just won’t stop Meanwhile, know what the…
Just holding any of the majors, since the start of 2024, would put you massively up
Even ETH
Now over some timespans holding the majors would’ve had you down
…but day traders are down not just over some timespans, but rather OVER ALL TIMESPANS
Really amazing how bad constant jeeting day trading, always cashing out to USDT each day, really is
IMO think of frequent cashing out being like physical bulldozing
= a task for machines
Now, yes, you COULD build a better machine, a better bulldozer than the other guys, and make money
But no, you COULD NOT outcompete the guys with bulldozer machines with a shovel and your bare hands
Day trading is the domain of the machines, not humans
(And if you do use some machine to day trade, it has to be one that extremely few or zero others have, if you want to compete, obviously)
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Even ETH
Now over some timespans holding the majors would’ve had you down
…but day traders are down not just over some timespans, but rather OVER ALL TIMESPANS
Really amazing how bad constant jeeting day trading, always cashing out to USDT each day, really is
IMO think of frequent cashing out being like physical bulldozing
= a task for machines
Now, yes, you COULD build a better machine, a better bulldozer than the other guys, and make money
But no, you COULD NOT outcompete the guys with bulldozer machines with a shovel and your bare hands
Day trading is the domain of the machines, not humans
(And if you do use some machine to day trade, it has to be one that extremely few or zero others have, if you want to compete, obviously)
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DoomPosting
Just holding any of the majors, since the start of 2024, would put you massively up Even ETH Now over some timespans holding the majors would’ve had you down …but day traders are down not just over some timespans, but rather OVER ALL TIMESPANS Really amazing…
So day-trading the majors turns out surprisingly bad
What about day-trading the memecoins?
= Also bad
Jeets get some wins in the short term but achieve horrible negative EVs in the longer term
Those bragging about your “taking profit” outside of qualified exit events and stop-loss “risk prevention” strategies
— are absolute morons
Only smart move is to force yourself to stick to strategies that don’t involve “taking profit” or “stop losses” at all
(Unless you’re making your own machines that are better than the other guys’ day trading machines, and if so, then you’d better be good at it)
Whether you’re buying majors or buying pumpfun garbage,
— HODLing strategies crush day-trading jeeting strategies, in the long term
And it’s not even close
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What about day-trading the memecoins?
= Also bad
Jeets get some wins in the short term but achieve horrible negative EVs in the longer term
Those bragging about your “taking profit” outside of qualified exit events and stop-loss “risk prevention” strategies
— are absolute morons
Only smart move is to force yourself to stick to strategies that don’t involve “taking profit” or “stop losses” at all
(Unless you’re making your own machines that are better than the other guys’ day trading machines, and if so, then you’d better be good at it)
Whether you’re buying majors or buying pumpfun garbage,
— HODLing strategies crush day-trading jeeting strategies, in the long term
And it’s not even close
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Everyone talking about him being 30% too fat for the ride
…but 30% over the limit is far below any kind of reasonable safety factor
Real problem sounds like whatever DEI hires engineered this ride
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…but 30% over the limit is far below any kind of reasonable safety factor
Real problem sounds like whatever DEI hires engineered this ride
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