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If you can define your edge over the market you’ve already surpassed 90% of traders within crypto. If you go a step further and consciously consider why your edge is an edge and why it even exists in the market, my god, you’re 99% there. Going a step further and consciously thinking about how to maximize your edge constantly and you’re a great trader in my eyes. 2/
Educational content in the trading space has made everyone coming into this space as a trader so lazy. The fact that ‘professionals’ in this space use other peoples tweets and YouTube video TA as their main source of homework, this is just pure laziness, maybe they’re oblivious as to how to think?

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The cool thing about trading is that it can be infinitely creative if you want it to be. Directional trading, Options (time based trading), arbitrage (inefficiency based trading), Fundamental based trading, Spread trading etc... The options are limitless. 2,

Over the past 2 days I've put on my biggest bet since I bought $BNB and $CAKE as I saw the transition off the ETH network due to high fees. Over the past 2 days I've been buying KSM/BTC and spreading apart KSM/DOT (beta neutral). Red lines are entry points.

A question to all my yield farming friends about the mental side of Impermanent loss.

You have 2 products; x,y

x; the asset you are happy to hold and use as the baseline. (BNB for me)
y; a coin that has just been announced will be tied to x Completely happy with holding as much X as possible, but don't really like the exposure to the Y side.

You sell half X to purchase Y and push XY to a LP.

You are LPing and X has stayed relatively constant but Y has had a tear to the upside.

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Lessons/thoughts from my three years as a proprietary trader: (Idea stolen from @KRTrades_ )

I'd like to preface this thread by first stating that the last 3 years have been some of the best years of my life thus far, and I would re-do the whole experience in a heartbeat. 2,
Lifestyle:

You don't get paid a salary for this work, you get paid a commission of profits. Thus, It's very visible what peoples underlying goals are;
1. To live lavishly and to experience a "wolf of wallstreet" life
2. To work in an industry that excites them and to learn.

As capital inflows to the crypto market, there will be a dramatic change in the way coins move on a LTF. We witnessed HFT firms enter the space (2σ, Citadel, etc) after the 2017 run up as the saw the potential for short term trading in the space. When these players enter the space the first trade they look to implement are the risk free plays (Arbitraging cross exchange) this seems to be completely arbed out now apart from when black swan events occur and price deviations across exchanges are >3s.d.

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A short story on how to use trading engine flaws to benefit large $.

This particular strategy I created around bitmexs liquidation algorithm and a few order types allowed for maximize your upside with limited downside risk. 2,
These types of exchange flaws can be found in so many unusual spots so keep an eye out.

This strategy doesn't work anymore as Bitmex has changed how some of the order types work and thus is useless but it's still a good look into how to think about such a strategy.

Seeing all the chaos in the world my thoughts are sometime in the next 12 months is a great time to potentially invest into multiple markets. I'll be looking to shift my portfolio into the following:

If you want me to share the specifics industries within asset classes hmu. Things to keep in mind:
- Not including BTC.
- Mid 20's (not looking retire anytime soon, so risk tolerance is quite high)
- Built for the next decade (not looking for immediate returns)
- Going to keep asset classes broad (not going to talk about specific areas in this post)

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Listen up, this is how market structure works within a market cycle. Since I have been trading BTC this has constantly happened every few months. These cycles were happening every month and has slowly been drawn out to every few months(I'd assume because of liquidity increase) 2,
Red Circle.

A major support or resistance was just broken and we get large erratic moves. Keep in mind everyone that is holding a position and that level has been broken is now holding an offside position. They are now very vulnerable and need to take action on their posi

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Every trader has a unique look into the market, I personally really enjoy looking deep into the mechanics of a financial product (Bitmex's XBTUSD contract in this case). 2,
In my mind, LT trading is all about finding those individuals who are using much larger amounts of leverage than they should and squeezing/stopping them out/liquidating them.