loomdart

Trader does A to get to point 1

after point 1 trader is euphoric and starts doing B (even though A is the thing that got him to point 1 in the first place)

literally the worst thing you can do when you get success is to... stop doing what got you to that point in the first place

works same in reverse

after you experience a big loss, you don't start doing new stuff, you keep doing what has worked well for you so far

this is why tilt is so destructive, mfers will make a bunch of money then lose 20%, and instead of a minor adjustment to make sure they can't face a big drawdown again they'll enter super saiyan degen and start hyper gambling, ignoring everything they've learnt so far and blowing up the rest of their 80%

i really dont go to many crypto events anymore, but a habit i picked up was to never really talk about who i was / my follower count coz it just attracts the most annoying types of people

have been growing and building an irl network of partners for the loomlock launch, a few of whom have turned into some of my best homies

well, i kinda ended up just never mentioning the fact i have a bunch of followers etc, till one dinner where one of them was like "so.. uhh loom.. ur kinda big on twitter hey"

was a very funny conversation

The same mindset that puts you in a position to lose 80m in a week is the only mindset that gets you that 80m in the first place

It’s why having artificial targets that you stick to religiously is so important

I.e if I lose more than 10% in a 2 day window I stop trading, or once I get to $50m I’m cashing 33% out into a bank account

These targets are actually considered incredibly inefficient for most traders (never trade your pnl etc) but that’s following an incredibly systematic trading system that leaves no room for your psychology, which I would argue is by far the most important factor in trading

We gotta start spamming these mfers who just say stuff “reminds them of gbtc” with why

Why does it remind you of gbtc sir

Why

Whyyyyyyyy

Most of my irl side questing is done, irl business world is very similar but also very different to the crypto business world

But we back for good now, will be picking the fruits of our labour over the next few months as loomlock launches

(Also side note don’t try to get into a discussion about the spx/US Dollar with any politicians)

I wonder how many $1bn positions were degenned on cex's but we just couldn't see it

gotta imagine there's at least been a few

The crypto currency prices have had a volatile movement

the 3rd usecase for blockchain is 100% collectibles its just it hasn't been done properly yet

(minus fully onchain generative art. anything trying to tie real world collectible to crypto has alot of potential but just stemmed from the wrong side, think for it to work properly need to stem from crypto first)