Short-term, SpaceX is bearish for crypto Competes directly for speculative, risk-on capital Every dollar that goes into SpaceX today is a dollar not going into $BTC Right now the hot trade isn't crypto, it's tech / AI SpaceX is the ultimate expression of that narrative Long-term, however, SpaceX is bullish for crypto The narrative bubble will burst eventually And the newly created gamblers, traders, millionaires, and capital markets participants will start looking for the next 10X In comes crypto at cycle lows, $BTC at 40k An eventual capital rotation is inevitable And when it happens it will be glorious

jokes aside, going to sign off on this note before going to bed: im one of the bigger crypto believers i know, and these past six months have tested me like no other bear has, mainly for the fact that i don't see any easy way out/reason it'd turn around quickly people are leaving who wont come back right away, capital continues to choose better opportunities with more certainty, dat overhangs will cast a long shadow and thats coming from a position of strength, spot/cash - those who believed on leverage or picked the wrong coins are going through worse trials its going to get worse before it gets better but it will get better, it always does, theres a finite supply of btc in an infinite money printing world, and some day in the next year after leaving and not paying attn those people will realize btc is 80k again, and if it can survive saylor it can survive anything

I've spent a lot of time in the "valley of disappointment" It's the most dangerous part of your trading career because it feels like you are making zero progress. All you wanna do is give up But when the results start coming and everything starts to click There is no better feeling in the world

RT @LindaRaschke: If you stay 100% technical, you will quickly see that news does not matter 95% of the time.

That is why we must always act based on probabilities.

Job market is so cooked I just got a job piloting remote demolition drones for @megacorphq

1/ Welcome to the Circle $USDC files. $420M in alleged compliance failures since 2022, including fifteen cases of the US-regulated stablecoin issuer taking minimal action against illicit funds.

Finishing this at rank 4. @Euphoria_fi

Best trading advice I can give you is to stop getting caught up in daily and weekly results Focus on monthly, quarterly, and yearly returns instead You are playing a long-term game with long-term goals The result of a single trade doesn't matter The result of 1000 trades does

Small wins add up Impatient traders always wanna 10x their stack in a few trades Patient traders know this is a quick way to blow up Focus on repeatable setups and incremental returns Because those small additions to your account will quickly compound into something bigger

I met a trader in London who had $2M in prop firm funding. But only $18k in total payouts. Across 2 years. He was confused why his returns were so inconsistent. Then I looked at his trading journal. 74% of his trades were aiming for 3R or higher. His win rate? 31%. Meaning he'd go through brutal losing streaks. 7 losses in a row. 9 losses in a row. 12 losses in a row. Each time, his trailing drawdown would get hit. Account breach. Start over. Pass new challenge. Scale back up. Then another losing streak. He was stuck in a loop. He'd make 15-20% on an account. Then lose it all in one bad week. Not because his strategy was broken. But because 31% win rate means you're constantly fighting drawdown. I asked him: 'What if you aimed for 1.5R instead?' He laughed. 'That's not enough. I need big wins to make serious money.' So I showed him the math. On $2M in funding: 2% per month = $40,000 3% per month = $60,000 He didn't need 3R, 4R, 5R trades. He needed consistency. I told him: 'Your win rate would probably be 60-70% if you aimed for 1-2R. That means fewer losing streaks. Less stress. Easier to hold funding.' He didn't believe me. Six months later I saw him post a payout screenshot. $6,400. Still chasing 3R . Still breaking accounts. Most traders think bigger RR = more money. But if your win rate is trash, you'll never keep the funding long enough to actually scale. Low RR high win rate = smoother equity curve = easier payouts. That's the real edge with prop firms.

DeFi is dead.

Crypto draws you in with the promise of luxury watches and sports cars But few understand that the biggest benefit of this lifestyle is freedom I respect the 9-5 but looking back that shit is depressing Waking up each day and making a living on my terms is true wealth

Playing perps is my trench now. Feels more comfy there tbh. At least there's no guessing if anyone is gonna rug you or jeet before being jeeted on.

As a Trader you don't need to catch every move. Be more like Timmy ↓

Dude on Reddit sold his house, took his account to $1M, then lost it all. Sounds nuts, but a big win early in your career can send your progress back YEARS. Happened to me early on in my career. Made $10K in a day playing options while in college, lost all of it a month later. You start chasing that high. Thinking 500% gains are always right around the corner. Faster you go up, faster it all falls down. Gotta understand compounding.

If we pump into new year, sell that pump and short that pump.