Hello friends. Greetings from the 2022 bear market, of which many of are coming to Jesus about its very existence. You were warned. Here we are. First off, let’s be clear. This is not a prediction on when things will reverse or what’s in store over the coming months. …

When you first start trading, especially quant type trading, you learn about Win Rates. This is the percentage of time you have a winning trade. If your trade is successful half the time, your win rate is 50%. What you quickly learn is that you don’t need a big win…

FUD is an acronym for Fear, Uncertainty and Doubt. I’m not sure if it was born in the cryptoverse but that’s where I hear it the most. Typically FUD is around an immediate news event. China bans BTC mining. Regulators are cracking down. 9 year old wallets are moving a…

I ran down the road, pants down to my knees Screaming “please come help me That Canadian shaman gave a little too much to me!” And I’m writing a novel Because it’s never been done before First house that I saw, I wrote house up on the door And told the…

One of my favorite movies is Blow with Johnny Depp. It’s about a regular middle class kid who grows up to be America’s biggest cocaine dealer in the 70s. He lives a life of opulence and mafia prestige, commanding high admiration among the world’s greatest criminals. At the end of…

There are many types of yolo trades. The classic is finding some small market cap crypto, allocating $10k to it and forgetting about it. You either 20x or you lose your money. Another is the extreme volatility yolo trade. The market nukes 25% in day and chaos is rampant —…

(quick note — I’m also publishing on Substack which allows for easier signups. You can follow along by clicking here.) Every great investment requires conviction. Strong conviction allow you to hold through drawdowns as well as through enormous price appreciation. Without strong conviction, you will never see big wins. This…

She broke down and let me in Made me see where I’ve been Been down one time Been down two times I’m never going back again You don’t know what it means to win Come down and see me again Been down one time Been down two times I’m never going back…

Over the last 48 hours, many crypto participants went full tilt. This describes the emotional experience of losing control as you engage in destructive behavior. We’ve all seen it inside and outside of markets. The recovering alcoholic who just got fired from his job and is marching straight to the…