🐧 @Pentosh1

Wow $NBIS 30% today. This has been a very volatile ride since I originally bought at 166 lmao. We have seen it go +40% from entry last week, into a -10% loss and then up 30% today. I shaved 20% off at 194 and will look to re-buy that and lower the effective cost a bit more. Normally I would have sold a big win like that early. I'm going to consider myself a bit lucky here with the amount of vol. It was quite painful seeing those swings and just sitting there watching that PNL go all over the place. I will continue to trade around the core, bc I do think this is a great long term bet so not willing to fully exit, and bc I still really liked the entry.

$ETH still the strongest major, if 1700's come again next month, it could be a good spot to double down. Something to hunt for the next couple weeks. Short term upside may be the low 2000's. Pre-mid terms my expectations are a bit of chop. That is the general range Im working with currently

@philxnft i bought eth in 1700's, pump 1701 lol. i just dont like the upside of crypto and think its going to be crap. its not really that incredibly attractive at all imo. sol is goign to do what a 2-3x this cycle?

This doesn't really say much bc of notional exposure isnt really terrible by any means. So there is no real context in terms of what % is deployed or overall drawdown. But I talk about defense often. and I live by that. I would never put myself in a position where something could materially negatively impact me or the future. That is a big reason why I also have a family office now where the focus isn't on having beta to the market. I always always always keep a big portion in box spreads, and in general non correlated assets/fund mangers that are non directional like Qube, Statar, special credit etc like Chicago atlantic, etc. This helps smooth out the path of returns and reduce overall volatility. I also have never once flexed a + pnl in terms of the exact dollar amount im up or down on a trade. But I dont mind sharing the loss porn. We all have it. Its unavoidable and none of us are perfect Im blessed to be in a position to have days like this. Obviously I bought quite a bit on July 17th after waiting 6 weeks to grab thos entries on NBIS, sndk, ewy, and AAOI with the plan of only selling SNDK and EWY which I did at least sell those two on the rally. NBIS I doubled the position. AAOI is now at a loss, NBIS is back to where I originally bought but now at a loss after the add. This also includes BB which that position is almost entirely de-risked or risk free which we traded quite well. I don't expect v reversals either, but i do think a lot of these are attractive entry points, and we grabbed them. 40-60% down, and did that with patience. There are a lot of people who rode those down. Things of course can get worse. We can also always have a big time aspect of chop on these. But I think overall, the risk management, and timing has been incredibly strong and consistent. If made further changes, I'll be sure to share them but wanted to share this. This also doesnt reflect realized gains for the month. But just wanted to share on a day that isnt so great.

I think i did quite well. Of course having nbis bounce 40% in a week and not taking profit sucks but I do like the value here. I sold sndk /ewy and derisked those while keeping NBIS / AAOI. So that offsets a good amount of this. NBIS is right where i bought, AAOI at a loss. I got to buy these 50% from there highs. avoided the crypto drawdown. The box spreads, are doing box spread things. They get a little more than the risk free rate. My family office stuff is doing really well, Qube is doing 30%+ a year, Statar also doing great. I have talked about these a number of times. Hows your family office doing?

@wockjones @bubbleboi :) i already sold that one, as said here. was only playing sndk for a bounce https://t.co/Sk8zUY46hg

@Sammy_Paradise7 @wiseeeee2 not out of bb, idk how to make my views any clearer on that lmao. i wont be out of it for a few years either. hype i cut at 66 tho for now.

$NBIS 40% off the lows in under a week is crazy work. I almost doubled the position at 197 but decided to hold off lmao. oops but I will get that in at some point in the next week or two. The worst buy hit +13% semis just continue to provide the best opportunities in any market and the most volatility for those who like that

$SHAZ also looking like it may be forming a bottom I have this ranked behind $NBIS, just bc I think it will be more volatile in both directions long term. It has more upside potential, but the same goes for downside. Buy near $60 would be great. fwiw I didnt get any new fills since it didnt' spike lower. So this is one I missed getting adds on.

$CRDO is another one I'd like to build a position in, I started a partial position today. Going to try to take my time on this but at least started exposure. As not in a huge rush atm in the market. For anything that I view as a longer term trade, I'll start doing a writeup on if I'm viewing it on a 6+ month lens.. So this one will receive that vs a trade. Which is typically days to weeks.

@NoLimits_Crypto BB is part of my core, I have done long writeups on my views on it. None of them have changed. price doesnt go up in a straight line (had also told people at $13 it would likely pullback. I think in 1-3 years. It is 5x higher personally. at least

@dippuccini I like shaz. Didn't get any additional fills but still in my position. Its a more volatile bet than NBIS but has more upside if they deliver

$AAOI + $NBIS both +22% in 2 trading days Would like to add to these given the opportunity as well. NBIS a year from now, I think is much different price. ups and downs as with everything. But they are positioned so well https://t.co/IjDsqrVFSs

@v1n5anity15 I bought 700k at market. You can verify via VPVR. I’ve fudded pump many times. Including before unlocks. To me. Looks like a skill issue

@pointlesseth token unlock already happened. i have fudded pump, and memes for some time. But the math maths. there is no platform that is generating these types of fees vs marketcap, not even hype. i also didnt buy the ico i have no incentives here, outside of what i bought

Let's talk $PUMP buybacks Buybacks imo should always be viewed through the same lens as bodybuilding. You will not see the growth overnight, or the impact from lifting if you look in the mirror each day. It will however have an impact over time. The coins themselves can be viewed as real physical supply. In a bear market, there is always more supply than demand. No coin is immune to that broadly speaking. In this case, they have removed 15.15% of the supply forever. Those coins are deleted, they can no longer be sold again. Each day, the max supply shrinks, so the longer price trades at this mc with these revenues, the less supply is available. Eventually, all of that supply would be absorbed until there were no willing sellers at these prices. Short term flows dicate the intraday moves which are of course larger than the revenue. So its important to keep that in mind. These revenues have largely been in a bear market, not in a bull market which could easily see these 2-3x. Either way. Time + revenue will do it's work. Just not always in the way you think. It is clear to me that the sell momentum has stalled, and like a pendulum markets always swing the other way. Whether you agree with their business or not, the numbers are real, and verifiable on chain. Do you want to be right, or do you want to make money? That's the question. If we are entering a crypto bull market, than this is one of the best bets there is due to attention + the sol economy. it's a beneficiary of both. Imo, this is good for a few, to several multiples. But time will tell. 400k per day, over another 3-6 months at this MC? I'm not sure the willing supply exists at this price point. I think demand > supply. I dont think there is any large, liquid crypto that has this revenue to MC in terms of buybacks which makes this so appealing. It could, and should be trading much higher. Imo had to wait out the price capitulation + time capitulation for this to work My plan is to add another 100m this week, bringing me to 500m Pump, and potentially, and tactically add another 500m at obvious HL points, or levels I deem important personally. When I have conviction on a trade, this is the way i do it. If I don't, I typically just set a hard entry/target.

$pump already +20% Will look for spots to add and drop my thesis tmw. In terms of adding. Looking for logical HL’s of course https://t.co/KNNv2N1pPP

If there is one thing I'm great at. It's knowing when to go on offense, and when to go on defense, and capture large parts of trends regardless of what market it is. Equities, or crypto. Especially the time aspect of defense which is where most people struggle. (see all the repeated bottom calls in the bear market on this platform) Right now, in crypto there are a few good long opps out there that should see some significant returns. But I dont think they are wide spread. Each cycle is less. This past year I sat out crypto, outside of HYPE which luckily did almost a 3x from the original entry, and a few BTC scalps. The same can be said for 2022, where I largely sat out for a year. From above 60k to just under 20k. There is a time and place for everything, and the time aspect needs a lot more respect and understanding. I do my best to help people avoid the long, drawn out drawdowns, and try to get in the best trades possible on the long side. of course nobody is perfect, and we all make mistakes. But I do the best I can. And will continue to try to do that. Im looking forward to sharing a little more crypto content again.

$PUMP average buy .001701. Good size bag. Will look to add more on dips if given, and likely compound this on the way up. Last time we traded this we hit a 2x. This time I think the upside is a bit higher. Will write a more detailed thesis this week that I . But I think the time to fade this is over and we are going to see a very decent repricing on this. This imo is one of the best r/r setups inside the sol eco. The math, is beginning to math finally.

Grabbed some $EWY at 155.52, $AAOI at $93, $NBIS at 166.3, $SNDK at 1395. AAOI will be a longer term position for me, same with NBIS. Ewy and SNDK ill dump within the week most likely. The one thing I would caution however is there's a very real possibility that we have some extended chop/sideways period due to the amount of deleveraging that occurred. I think it would be quite easy to get harmed each direction. At least until vol dies off a bit. These entries were the result of waiting 6 weeks. The market structure is pretty poor now overall, so I'd rather keep the higher conviction stuff, and start building those positions. As we could easily bleed lower. Will go into more of my detailed thinking tomorrow when I have some time. But the 6 weeks of waiting for these looks to be off to a great start each direction

It's been a good year, and for the most part we cooked avoided all the drawdown in crypto this year, and had been long hype + adding a lot on the way up as the core exposure Got a good amount of the AI trade in stonks and general stock exposure for the past 18 months longed eth at 1766. not crazy size tho Also, just some general thoughts on this year below: The average person would be better off trying to capture the meat of the move. vs trying to time bottoms. How many times did people call a macro bottom in the past year? it felt like everyday. Let's keep this idea simple, Im going to oversimplify it but as a framework. lets say instead of catching a bottom. You pay a 20% premium from the lows to enter but you structurally get a reclaim. The first HH. You can then ride that up bc your invalidation is so so so so cheap at that point and so is the entry. You know the spot it can't lose structurally. if it's the start of an uptrend, you have all the upside without the time cost, opp costs, emotional costs, and very real drawdowns. And instead get to ride momentum from the reclaims. Lets say $100 is that HH point, buying at $99 can be extremely expensive but buying at $101 can be very cheap. Bc of market structure + trend. The 99 can just be trend continuation and the next LH, while the 101 is a restest of a major reclaim that leads to continuation but also gives you a cheap exit if wrong.

$ETH is currently the most interesting major On the eth/btc pair is is right under resistance where the prev LL had formed. So in On the eth/sol pair its slowly been in an uptrend for the past year. In saying that, while it's at resistance on both. It looks decent. But it's also the reason I am not putting on a full position. This price can be expensive, while a reclaim can be cheap. and USD pair is not too far above it's multi-year support its also likely less crowded due to the hate. I don't care for it myself in saying that, and view owning it as a rental. I started a 1/4 position in it at 1,766 and will look to hopefully get to add more to that over time. But at least have some exposure now

I’d rather just trade in reality vs hope. I am here to make money. Not try to make a square fit into a circular hole. I’ll buy cryptos that are real. Like hype. Btc etc. but the rest. We are 15 years in with basically nothing to show. We know the general capex of Ai. The people who fight it are prob quite unhappy.

I once again, did not by the memory dip, those are up big today. Oh well. but I did get in $SHAZ on the latest dip and it looks like that will open up 20% above yesterdays lows. Still holding out on the big memory names for now. Hoping to eventually get MU in the sub 850 range.

BB is something I consider a core position in my portfolio. I've had to basically vertically accumulate it. Buy spikes down, sell those on the mean reversion back up, then keep the difference. with varying size. In this instance, Im denominating in shares, not USD. I hold a core positionI believe in long term, and I trade a little around it. for example the 25k share buy and sell that i had around earnings. selling into spikes and buying dips on that. can have scalp account + core account but technically you're harvesting volatility. so the effective cost price remains the same, but the amount of shares grow. the shares are just paid for by the volatility in the market vs deploying new cash in general. the risk is if you sell some of the core, and its trending up then you end up with less shares. so if you're going to try that has to be very tactical. selling high to rebuy lower is more accretive. 100 × 0.05/0.95 = +5.26 shares on a drop for example bc you redeploy the same dollars. vs buy low and sell: 100 × 0.05/1.05 = +4.76 shares. so best to harvest the chop, during times it is when it forms little ranges