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Sam Trabucco Profile picture
Sam Trabucco
@AlamedaTrabucco
Former CEO + crypto quant trader @ https://t.co/HgMj6usiBe. Sports were too hard so I did math instead. Not investment advice.
38 subscribers
Aug 24, 2022 • 11 tweets • 3 min read
On happiness: Last year, when @SBF_FTX announced that Caroline and I were Alameda's co-CEOs, the goal for all involved was to bring titles in line with reality -- the two of us had been acting as CEOs for quite some time, and we wanted our outside image to reflect that.
Jul 20, 2022 • 4 tweets • 1 min read
Reminder, “sold” and “will sell” are not the same just like “bought” and “will buy” are not the same; typical discourse around this kind of thing tends to be almost totally flipped (not investment advice etc etc) When people hear “X bought” they tend to have thoughts like “buying means UP” (and sometimes follow-on effects exist! so it’s not all wrong) but they tend not to remember “oh and maybe they’ll sell eventually”
Jul 5, 2022 • 4 tweets • 1 min read
why can't every game that has:
- creatures / minions / characters / etc.
- health / toughness / etc.
- power / attack / etc.
just pick one of those terms to use industry-wide?

@StorybookBrawl has joined the ranks of games which plague me in this specific way creature / attack / health is definite the best combo but i'm not sure any game uses all 3 of them
Mar 22, 2022 • 7 tweets • 2 min read
There's been some chatter about the recent @StargateFinance auction, and I wanted to clarify a few things about Alameda's involvement. First off: we did indeed buy all the tokens. We love the team and what they're doing, and we believe this space and the technology they're building is really important.
Mar 9, 2022 • 16 tweets • 4 min read
Let's dig a bit deeper into this -- why did the market react the way it did, and what makes it "inefficient" exactly?

A thread about news. Obviously, the big story lately has been Russia/Ukraine -- I don't have anything new to say about the conflict itself, but global markets, including crypto, have mostly revolved around this for the past few weeks.
Feb 23, 2022 • 4 tweets • 1 min read
I initiated a wire and @Chase canceled it and locked my account due to suspicious activity until I call them, and the wait time is 90 minutes! I'm so happy my funds are protected. Update: they called me back after 80 minutes, immediately transferred me to a 20 minute-long hold, and when someone answered they immediately hung up.
Dec 8, 2021 • 11 tweets • 2 min read
Quick thoughts on the congressional hearing that's wrapping up.

A thread about the "future of finance." Not investment advice.
Dec 4, 2021 • 16 tweets • 5 min read
The insane price swings of the past day merit a follow-up to this thread -- as well as an updated interpretation of what's been going on in the markets more generally.

A thread about inefficiency. Not investment advice.
Nov 30, 2021 • 20 tweets • 7 min read
It's been a weird few days in the markets -- both crypto and non-crypto alike. But honestly, it's all starting to feel a little familiar ...

A thread about efficiency. (not investment advice!)
Nov 25, 2021 • 13 tweets • 4 min read
Can't believe this was a year ago! So much has changed -- for me, for Alameda, and for the market more generally.

A thread about what I am thankful for.

Today and every day, I'm thankful to be doing the most interesting work in the world. Full stop, there's just no problem more interesting than the ones we're solving at Alameda, no game more fun than crypto trading -- it's always evolving but never any less of a thrill.
Oct 21, 2021 • 9 tweets • 2 min read
Leverage in trading (specifically in crypto trading): pros and cons. (not investment advice)
Oct 20, 2021 • 19 tweets • 6 min read
Well, we're back (and then some, as of writing). What happened?

A thread about where we've been, where we are, and what's different about them. As usual, not investment advice.
Oct 20, 2021 • 12 tweets • 2 min read
I'm working on a longer thread about the recent market moves, but a quick interlude about "company X bought/sold BTC" news: (Not investment avdice)
Sep 8, 2021 • 17 tweets • 5 min read
Today was the first time I've been woken up because the market was moving in a while -- it's the biggest move we've seen in months! What happened?

A thread about history. They say that those who do not learn from history are doomed to repeat it.

Who remembers what earlier this year? When crypto rallied a ton to $65k pretty quickly, futures were at high premia, and open interest of all the important contracts was up?

Here it is:
Aug 31, 2021 • 18 tweets • 5 min read
I went to school for math. I got trained in quant trading, and eventually shifted to quant trading in crypto. Over time, I've relied less on math and more on intuition, e.g. for analyzing Elon's tweets.

Yesterday I looked at ... cartoons? for 4 hours.

A thread about adapting. I've talked before about how Alameda really only has one goal: make money trading. We trade crypto because we have edge doing so and believe it to be the best use of our resources, but if e.g. sports betting became big enough we'd probably focus 1/3 of our time on it or whatever.
Aug 14, 2021 • 24 tweets • 7 min read
Look at these two images -- one is my comment on Slack at 4:05am (Asia time), and one is BTC's price graph at 4:06am. Am I the best trader in the world?

A thread about decisions and results. Many disciplines revolve around decision making. Often, the decisions are pretty easy -- especially for someone who's experienced in the discipline. The difference between top performers and everyone else tends to be how they do on average at the few % of the hardest decisions.
Aug 9, 2021 • 17 tweets • 5 min read
The crypto market has been very active this week -- and that makes sense, considering all that's been going on in the U.S. What's actually happening though -- and why?

A thread about efficient markets. U.S. government has cared about crypto on and off, but last week felt like a bit of a boiling point. Gensler (SEC chair) started talking about it last week -- one of the topics he addressed was Bitcoin ETFs, and look at the GBTC premium -- hit from -6% to -12% or so on 8/3.
Aug 3, 2021 • 9 tweets • 3 min read
What Alameda is trying to do still astounds me, to some degree. A tiny team -- ten people, at some points, not even triple that now -- trying to build the world's best crypto quant trading firm, and OTC desk, and MM service, all 24/7. It sounds impossible. Even more astounding is that we actually do it. Day in, day out, our models are still (almost) always fantastic, our quotes (almost) always live, our trades (almost???) always good. I've never seen a team as talented and dedicated as ours -- I'm not sure I've heard of one.
Jul 28, 2021 • 15 tweets • 5 min read
For a few weeks, BTC was boring -- it only moved like 10% over the course of (plural) days. I hope you all caught up on sleep, because crypto is now fun again! What exactly has been going on?

A thread about the calm and the storm. On Sunday night, BTC bounded up quite fast -- it rallied steadily from $34k to $36k or so, and then shot RIGHT up to $40k all at once. What's the story there?
Jul 21, 2021 • 13 tweets • 3 min read
Up until the last day or so, the market has been stuck in a fairly consistent "zone" for a bit now. It's honestly been sorta ... boring?

A thread about X. Why did the market fall yesterday? I don't have the most compelling answer for you, but I can tell you how Alameda is thinking about things.
Jul 6, 2021 • 7 tweets • 1 min read
How is it possible that it was correct for this plane to board 2 hours ago and then sit on the runway because of rain they already knew about I’m like 60% sure the pilot is gonna have worked long enough that they force us to deplane and get a new pilot in another hour or two and I’m currently arranging a bloc to charter private if that happens AMA