Apex Profile picture
Jun 23, 2020 7 tweets 2 min read Read on X
Market getting absolutely pummeled.
Definitively not clear trade deal is over. I'd say not, and this is just algos reacting to improperly worded headlines. See from min 4:52 on.

Could have meant "progress on trade deal" over, or actually many other things.
Fake news. Love it. Missed to flip long but got a great short out of it.

NAVARRO SAYS HE WAS TRYING TO MAKE POINT ABOUT TRUST: WSJ Image
Should go all the way back up now.

That was a 2% drop on entirely fabricated news caused by the slip of the tongue and journalists. A rare event.

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More from @classicmacro

Apr 2, 2021
Thoughts for those who want extraordinary returns in crypto and are willing to put the time:

Search for micro-caps under $10M and/or the most profitable yield farms.

Go all in into FA, not only product, team and cash flows but also meme potential.

Fuck TA and fuck large caps.
Leave trading and the big coins for those who live for it and/or move size.

You can do very well there. But will never match the potential returns of micro caps (if doing small size).
You only need one.

And if you find it and are fully convinced about its potential ... let me know 😉
Read 4 tweets
Mar 27, 2021
Some trader is paying about $20 million in daily interest to short $MOB.

He has been borrowing all available $MOB to short it, adding to his position, and sending the interest rate for borrowing on margin to 3000% annualized.

You can make him blow up Gamestop style on FTX.
I have no idea who this trader is nor why is he running that short.

But it is wild.
Increased $MOB lending in the last hour brought the yield down from 3000% annualized to 200% annualized now.
Read 10 tweets
Mar 26, 2021
Many asking me if that was the bottom and about entry points. I have no idea. I bought the dip last night, went max long this morning, and have had my balls stuck in my throat most of the day. I have no idea if that was the bottom. Do think prices will be much higher in a week.
What happened in the last 36 hours is simple. I was wrong, that's what happened. Why the crash. Many variables, not just one. Think options expiry had some impact. Doubt it was the dominant one. Macro correlations and risk sentiment had an impact. IMO the largest. It's debatable.
Above all, we had big sellers and little demand, after a big pump, just when that demand was expected. Stimmies didn't flow into crypto and Coinbase demand was weak. And that fake Dalio US ban talk. Guess had some impact, as there are many idiots out there that trade on nonsense.
Read 4 tweets
Mar 6, 2021
Charts say bottom across asset classes since early yesterday. On crypto funding reset, curves flattened dramatically, and the macro should be supportive for the coming weeks.
Bottom is in translates into going all in, not into "wait for breakout". I'm slightly levered long positionally. Main plays since yesterday are $ETH (EIP 1559) and $UNI (V3).

$ETH is my largest position (which is rare), followed by $BTC. Expecting $ETH killers to lag.
DeFi alts not moving much yet, has me thinking that lots of cash may be being diverted to NFTs.

That's a problem for microcaps, as cash is limited.
Read 4 tweets
Mar 6, 2021
How do traders make money with this kind of lagged analysis. Is this guy selling at $47200 because price failed to break $50000 overnight? Or is he indicating his followers should only long once $BTC above $50000?
Guess you are supposed to buy $BTC only after it breaks 50K and then target 52K lol. Zero alpha there. Trade like that and you will trade for peanuts and get chopped up.

Grow some balls and learn to buy the dip.

"Full Time Trader from Amsterdam Stock Exchange"

You guys are so gullible. This guy is not a tader, he's a content creator passing for a trader teaching noobs to trade.
Read 6 tweets
Jan 27, 2021
Yesterday I tried to get my brother into crypto for the *fourth* time in the last year.

His response belongs in a book or case study about crypto and its barriers of entry.

It went like this 👇
Me: blockchain is driving a revolution. You would fit like a hand in a glove. It is extremely profitable and fascinating. You would find your niche and reap massive profits. Once again I offer you my guidance.

(He is an old school coder)
Him: I need to feel I understand how it works. And I find it very strange. Just saw on the news price dropped significantly, I don't feel safe. This would not happen with stocks, which I can study to understand, based on their products and financial statements.
Read 5 tweets

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