trading, on-chain edge, other random thoughts building @ciphergroup_
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Joined May 2009
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Chinito retweeted
you need to be smart enough to buy roughly the right bags at a good price but then retarded enough to let it go up a lot without selling
Chinito retweeted
The best traders are very fluid
You could have had an idea yesterday, thats no longer valid today or whatever time frame. But ultimately, you aren't married to any idea or position. Whether you are trading eth, or wheat futures. All that matters is your pnl. They are really just tickers to trade with changing narratives, rotations, and liquidity. Sometimes people get on a trend late and still make more than someone who was early. People are wrong all the time, but the best learn to correct it quick and admit that. More often than not marrying a ticker comes with many big costs whether emotional, or financially.
All that matters is what you make, and keep, and that we get paid for the risk we take. See so many people crap on people who had an idea one week, and then the opposite week their opinion changed as new information came in. That's exactly how you are suppose to be. fluid
have you ever felt stuck and thought you need to expand your trading? more setups, more trades, more ways to make money
what if it's the other way around, and you need less?
if you're journaling (and hopefully you are), look back at what’s actually been paying you and get borderline autistic about only pressing that trade
lately been trying different things and been losing money by a thousand papercuts trying different things because i was bored and gambling or wanted action
if i’m going to lose i’d much rather lose in something i have an edge in than donating while trying to be a type of trader i'm not
could be down bad right now and 6 months from now your entire life looks different
crypto is crazy like that
people spend way too much time agonizing over the bags they fumbled, entries they missed, money they lost
none of that matters if you’re still here when the next bull cycle starts (soon? now?)
stay liquid. stay sharp. don't blow yourself up. keep showing up.
feels like we’re still in warmups 👀
Feels like we finally get some vol this week.
Headlines are ugly but market still doesn’t really care right now. If we’re gonna push higher I want to see it start early.
If you’re still underallocated spot, have a plan and stick to it. Bids lower, buy the breakout, DCA into EOY, whatever.
Don’t get obsessed with nailing the bottom because 99% of people won't be able to.
Feels like we finally get some vol this week.
Headlines are ugly but market still doesn’t really care right now. If we’re gonna push higher I want to see it start early.
If you’re still underallocated spot, have a plan and stick to it. Bids lower, buy the breakout, DCA into EOY, whatever.
Don’t get obsessed with nailing the bottom because 99% of people won't be able to.
Chinito retweeted
have you ever noticed that trading/the trenches have different kinds of "personalities" depending on the hour
on chain might trade 24/7, but liquidity, attention and new launches definitely don’t
late night: runners can wake back up.
early AM: better time to wait for bids than chase.
late morning: new pairs start getting launched discovered.
afternoon: peak trenching volume.
early evening: global volume rotates back in.
night: see what survived and plan the next moves.
once you start thinking in sessions instead of one continuous 24h market, you can break up the day into focused areas, and trading will get easier
being a good trader doesn't mean being logging in and online all day, you just have to better understand what kind of market session you're logging into
have you ever noticed that trading/the trenches have different kinds of "personalities" depending on the hour
on chain might trade 24/7, but liquidity, attention and new launches definitely don’t
late night: runners can wake back up.
early AM: better time to wait for bids than chase.
late morning: new pairs start getting launched discovered.
afternoon: peak trenching volume.
early evening: global volume rotates back in.
night: see what survived and plan the next moves.
once you start thinking in sessions instead of one continuous 24h market, you can break up the day into focused areas, and trading will get easier
being a good trader doesn't mean being logging in and online all day, you just have to better understand what kind of market session you're logging into
tfw when your own tool sends you the giga mooner $meme early and instead you decide that $concern was the better play hahaha god damn it
0x385f4f8ae47651ce5f58f5265395a669f8281e18
shared early in @ciphergroup_
Trading will humble you.
You’ll make bad decisions. You’ll take losses you know you should’ve avoided. You’ll watch progress and money disappear and wonder how you’re ever going to get back to where you were.
But rebuilding teaches you things winning can’t.
You learn patience. You learn discipline. You learn how to accept being wrong without letting it destroy your confidence or affecting your next trade.
Don’t let a setback spiral into a zeroed out port.
Keep moving.
Quitting isn’t an option.
One of the biggest edges in trading is learning that you don’t need to be in every move.
Zoom out. Protect your capital. Size up when the setup deserves it and stay small when it doesn’t. Take profits without regret and cut bad trades before they become expensive lessons.
You don't have to maximize every single trade and try to sell every top. Taking profit and staying in the game long enough to let your experience, discipline, and conviction compound will make you way more.
Eventually you learn that you don't have to chase every opportunity, and you become confident in your own process.
Life and trading are better when it gets simpler.
monitoring solana:5UUH9RTDiSpq6HKS6bp4NdU9PNJpXRXuiw6ShBTBhgH2 👀
5UUH9RTDiSpq6HKS6bp4NdU9PNJpXRXuiw6ShBTBhgH2
Chinito retweeted
Wanted to expand on a tweet i made earlier this week about how difficult it is for low port trenchers in these conditions. This tweet was geared towards the casual trencher, guys with a 9-5 who can’t afford to sit on the scope & twitter trackers 24/7
This was me this past year, thought i’d share some tips & the rules I followed to turn a lot into a little as a guy who had a full time job & maintained a regular social life.
I started with 1k in January and ran it to 1.2m at port ath’s*
1. Steer clear of new pairs. My most important rule was don’t ape coins that were less than 15-24hrs old. Of course there were some exceptions, but this eliminated a lot of garbage and increased my odds of success quite dramatically imo. If a coin was still alive after a day & the community was active, more often than not, entries were presented sub 100k. Not only that, it gave you time to do some further DD.
2. Forget tweet coins/quick catalyst plays, just ignore them entirely. If you don’t have a twitter tracker, you are competing against guys who are terminally online & are much quicker and skilled than you. Not worth the risk with a small port
3. Rather than sit on the scope, I would try to find memes myself on different social platforms. I’d set up a fresh TT account and scroll without bias, the feed would just feed me the most viral stuff.
-Few things to look for: New vids with a couple of hundred k likes. If multiple people post the same meme/event with that level of engagement, it’s a good sign that it’s going viral.
- Once you identify a good meme, then go to x or whatever app you use and search to see if a coin has been made
- When you find these memes yourself rather than relying on others or just seeing a random new coin on memescope, it’s so much easier to build conviction and hold longer
4. If you find something early and think it will continue to build, hold. Ignore chasing other stuff. 1k can buy you % of a sub 100k coin. 1% of a coin can change your life. Stop thinking you need to make the money TODAY, let it cook. Can’t tell you how many times i’ve cut positions to try to buy back and got burnt.
Social trading has definitely changed the game, and discovery is much easier, but I feel like the tips listed above gave me a good opportunity of success in such a highly competitive space.
That’s all, hope some find it useful. Again this is aimed towards people just entering the space or those who can’t be chronically online. GL
It is so hard to trench w a low port
Running up even 1k to 10k is extremely difficult
you have to be sharp w dd & lookout for vamps, pvp, etc
& also not fall victim to chasing every coin w volume
Have been buying some lowcaps recently and its just like burning money. I like to remind myself why i don’t lowcap trench often, there are levels to that game, im happy w not getting the best entries if it means the coin has a better chance of survival
And the feeling of over 50% of a wallet balance in those types of coins is awful
