y22 trades

𝐚𝐧𝐠𝐞𝐥 𝐧𝐮𝐦𝐛𝐞𝐫𝐬 𝐜𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞 𝟖𝟖𝟖𝟖𝟖𝟖 𝐭𝐨 𝟖𝟖𝟖𝟖𝟖𝟖𝟖

opened perps trade
2x long PUMP
IM: 100000$
entry price: 0.004380$

i think the next couple weeks gonna be good for altcoins and PUMP is among the fastest horses. playing with lower size and on perps now, instead of longterm spot. lets see how it goes. shooters shoot.

𝐡𝐨𝐥𝐝𝐢𝐧𝐠𝐬:
612700 USDC
6m BONER
536.39K STONK
2x PUMP long 100k IM

𝐭𝐨𝐭𝐚𝐥 𝐀𝐔𝐌 𝐢𝐧 𝐔𝐒𝐃:
1201647 $

𝐩𝐫𝐨𝐠𝐫𝐞𝐬𝐬 𝐛𝐚𝐫 (𝐫𝐞𝐚𝐥𝐢𝐳𝐞𝐝):
▮▯▯▯▯▯▯▯▯▯▯▯▯▯▯▯▯▯▯▯ 6.89%

𝐩𝐫𝐨𝐠𝐫𝐞𝐬𝐬 𝐛𝐚𝐫 (𝐢𝐧𝐜𝐥. 𝐮𝐏𝐧𝐋 𝐚𝐧𝐝 𝐨𝐩𝐞𝐧 𝐩𝐨𝐬𝐢𝐭𝐢𝐨𝐧𝐬):
▮▮▯▯▯▯▯▯▯▯▯▯▯▯▯▯▯▯▯▯ 13.51%

If you live by the sword, you’ll die by the sword as well.

If you fully aped into the hype, you may have maximised your portfolio today, but you’d also be reinforcing some pretty bad risk management habits. That same behaviour will eventually bite you when you start believing your outperformance comes purely from asset selection and full porting.

In reality, that’s never consistently the case. There are always variables outside your control in every trade, and hindsight bias can make a good outcome look like a good decision when it was really just a favourable outcome.

It may be a blessing today, but the exact same approach can easily become a curse another day.

this is wrong on so many levels. don't want to dunk on the guy, just using it as example. textbook example of hindsight bias and survivorship bias.

first of all, can never benchmark portfolio performance to the performance of a single asset. because this would presuppose full-porting, which is generally bad risk management and it is highly dependent on asset selection and therefore subjective to survivorship bias. what if somebody had picked DOGE instead of HYPE? then nobody would write such comments.

honestly wtf man, all this stuff to underperform holding hype from last year

𝐚𝐧𝐠𝐞𝐥 𝐧𝐮𝐦𝐛𝐞𝐫𝐬 𝐜𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞 𝟖𝟖𝟖𝟖𝟖𝟖 𝐭𝐨 𝟖𝟖𝟖𝟖𝟖𝟖𝟖

swapped 889.26k $AI for 228820 $USDC
mc at time of selling: 255m mc
more or less BE

keeping other positions open. it is all about optionality for me nowadays.
we reverse here
-> good. i have open positions that capture upside.
we go further down here
-> good. i got tons of cash to buy blood.

𝐡𝐨𝐥𝐝𝐢𝐧𝐠𝐬:
712820 USDC
6m BONER
536.39K STONK

𝐭𝐨𝐭𝐚𝐥 𝐀𝐔𝐌 𝐢𝐧 𝐔𝐒𝐃:
1124670 $

𝐩𝐫𝐨𝐠𝐫𝐞𝐬𝐬 𝐛𝐚𝐫 (𝐫𝐞𝐚𝐥𝐢𝐳𝐞𝐝):
▮▯▯▯▯▯▯▯▯▯▯▯▯▯▯▯▯▯▯▯ 8.01%

𝐩𝐫𝐨𝐠𝐫𝐞𝐬𝐬 𝐛𝐚𝐫 (𝐢𝐧𝐜𝐥. 𝐮𝐏𝐧𝐋 𝐚𝐧𝐝 𝐨𝐩𝐞𝐧 𝐩𝐨𝐬𝐢𝐭𝐢𝐨𝐧𝐬):
▮▮▯▯▯▯▯▯▯▯▯▯▯▯▯▯▯▯▯▯ 12.65%

https://x.com/okay_lets_ride/status/2101284432602608032?s=46

each cycle is different in nature. i think using the past for pointers to the future is a cardinal sin here.

market participants are much different. they get onboarded straight to on-chain through pf and fomo apps. its not the same people like last cycle who allocated to majors first and then a „wealth effect“ or „trickle-down“ effect occurred on alts. very different times today.

𝐚𝐧𝐠𝐞𝐥 𝐧𝐮𝐦𝐛𝐞𝐫𝐬 𝐜𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞 𝟖𝟖𝟖𝟖𝟖𝟖 𝐭𝐨 𝟖𝟖𝟖𝟖𝟖𝟖𝟖

i stopped logging my trades during a period of tilt and neglected getting back on track during the dawn of fomo app. thought if all trades are in public anyway then there is no need to update my own ledger in my channel. i think that was a mistake and i want to continue logging my trades in my channel. started it so i gotta finish it. 8.88m or bust, no in-between.

paid some data guy to fetch and aggregate all the trades from the missing period. trade-log is attached, posting it for the sake of completeness.

it says i am at 1.3m today. not entirely sure that is 100% correct because i lost track of stuff a bit. different wallets, different chains, brokerage, tons of trades etc.. what i am having now in my accounts is 1.2m $. so i am going with that number. also spent around 100k on mental coaching, so could all add up. but in general would rather report too low than too high, to account for margin for error. so, i am picking the angel numbers challenge back up at 1.203m USD. will log every trade here going forward. might have to close comments because of haters, if i do so just know that i am very grateful for all the good people i have in my corner. i see you and your support means the world the me. i don't take it for granted and i know who you are, always down to return the favor or having your back if you ever need. can just DM me. on to new shores.

𝐫𝐞𝐜𝐚𝐩:
angel numbers started on April 09, so i am 163 days in. bit more than 5 months. 314k Profit, +35.34% ROI on high 6-figures. not triple platinum but also not too bad. considering my approach to risk management. i am reasonably happy with it, no excessive risk taking took place. no kingmaker attempts, no all-in trades or anything reckless.

𝐰𝐡𝐚𝐭 𝐰𝐚𝐬 𝐠𝐨𝐨𝐝:
- identifying regime change early and sized up to seize the momentum. forecasting that people who bank on the 4-year cycle get left behind was a correct assessment.
- swing trading on-chain midcaps goes reasonably well

𝐰𝐡𝐚𝐭 𝐰𝐚𝐬 𝐛𝐚𝐝:
- i structured the PUMP trade totally wrong. i should have aggressively levered up and be out by now. instead i designed it as a spot hold and became a believer, treated it as "cycle hold". this goes against my nature and thats the reason why this trade ate a ton of my headspace.
- chopping myself up with lowcaps. made most of my money with midcaps yet was trenching, chasing the 1m-dollar 1000x dream. stupid for me. my area of expertise is someplace else, makes no sense to allocate resources to areas outside of my expertise. should just stay in my lane.
- closed some things too early / for the wrong reasons, recent example is PRL before the 100% pump. gotta give my positions some room and not be too tight on flipping the switch.

𝐡𝐨𝐥𝐝𝐢𝐧𝐠𝐬:
484000 USDC
6m BONER
889.26k AI
536.39K STONK

𝐭𝐨𝐭𝐚𝐥 𝐀𝐔𝐌 𝐢𝐧 𝐔𝐒𝐃:
1203000 $

𝐩𝐫𝐨𝐠𝐫𝐞𝐬𝐬 𝐛𝐚𝐫 (𝐫𝐞𝐚𝐥𝐢𝐳𝐞𝐝):
▮▯▯▯▯▯▯▯▯▯▯▯▯▯▯▯▯▯▯▯ 5.44%

𝐩𝐫𝐨𝐠𝐫𝐞𝐬𝐬 𝐛𝐚𝐫 (𝐢𝐧𝐜𝐥. 𝐮𝐏𝐧𝐋 𝐚𝐧𝐝 𝐨𝐩𝐞𝐧 𝐩𝐨𝐬𝐢𝐭𝐢𝐨𝐧𝐬):
▮▮▯▯▯▯▯▯▯▯▯▯▯▯▯▯▯▯▯▯ 13.5%

i got this weird obsession with round numbers. all my holdings have to be round numbers. i optimized for this.

today i recognized how retarded that is. same as with this fixation of buying 1% of a given coin that we see in so many people (me included).

dollar amount we can stomach to lose if all things go wrong should be the ONLY thing determining our position size.

ocb coming for that top spot

classic defiance reaction. getting hurt by words and people saying „you can‘t do it“ and then reacting with purple prose language and dramatic words. saying i will prove them all wrong, now more than ever.

weak. childish reaction.

i am sitting here, drinking and thinking about my life. ruminating about this question: „why are there times where hate comments affect me big time and why there are times where i don‘t care. what is the difference between these two?“

i figured it out. the difference is in my trading. when i am winning i do not care. when i am losing i care a lot.

feels like all i have in life is trading. i have a big sadness in me. and when i am winning it somehow counters this feeling of sadness. and when i am not winning then there is nothing but sadness.

my feeling of self-worth is tethered to the number on my screen. number green, worth smth. number red, worth nothing.

six666 carried.
i am loss leader in the whole group. BUT, it is not over yet. the battle has just began. i am optimistic and forward looking that i can contribute to the group effort.

„I and my companions suffer from a disease of the heart which can be cured only with gold“
- HC, 1519

https://join.pump.fun/HSag/7aiydvf7

thats my team. enjoying the new squad feature on the pf app.

will also distribute all my callout rewards to the community. the y22 airdrops shall continue.

am down quite a bit. i am not closing anything. i made my bed and now i have to lay in it. will not sell any PUMP or BONER. going down with the ship if i have to.

in hindsight, should have gone more aggressive on PUMP at 0.002 and lever up. it was edge and a great setup. i could have closed by now in good profit and convert a majority of that profit into spot PUMP (as i have a lot of conviction in pf on mid - to long time horizons). that would have been the better play than to structure it as spot only and a cycle hold from the beginning. especially for me, who has difficulties stomaching drawdowns and is generally more of a swing trader and not a believer. i believe threadguy did it like that, congrats to him. very well played.

down on my BONER position. i will keep it, makes no point selling here. the narrative has huge potential, if things fall in place this could be a huge winner. if not then not.

i still have solid cash reserves. loaded 100k into the perps account and 100k into pf app, thats all i need. was the same last cycle... i identified the regime change early and allocated, then came a string of fuckups and mismanaged trades that resulted in heavy losses, then i got my shit together and won a lot. eerily similar to the cooler i am now on, i call it "the calibration period". onwards and upwards. best shooters have the worst memory 🫡

will also go back to logging every trade here in the telegram channel. and thank you for all the support, it means the world to me.

haters having a field day today. they even DMing me insults and shi. i truly got some generational haters.

haters, listen up. i want you to remember this day, remember how it feels. because, at some point in the future i will win so much that your crippled little hearts will physically hurt when u see it.

the hate in you shall live forever. your poisonous, little hearts shall never know peace.

unreal.

smth has to give, no?

down on every single on-chain position.

up on all perps positions.

perp long PUMP from 0.003624$

i think market will soon see through the revenue discussion and realize that this is the only liquid proxy bet on social trading. my conviction will not be shaken.

new UI update is a banger as well. UX very smooth now.

then i am heavily invested in $boner. unvampable and banger narrative. pa is just down only, relentless selling. hidden hand just nonstop suppressing price.

idk why people say this but i don‘t think believing is being rewarded in this environment. asset selection is paramount here, if you believe in the wrong thing you get raped to death.