Martin Shkreli reveals what separates great traders from everyone else "Traders are risk managers, fundamentally. Alpha is critical, but you cannot be a trader without excellent risk management." "You have to be able to get out of a losing position, which for so many people is really hard to do. To a great trader, it's very easy. But you also have to be able to resist lots of different impulses. You can't be impulsive. "That's why not many people are great traders. If anybody could be a great trader, you could easily get to a billion dollars in your personal account, but it's very hard." "Bad traders will either change their mind too quickly, or never at all. Eventually, enough stubbornness will lead you to bankruptcy. But if you unloosen that screw too much, that's not very good for stocks you really believe in that could go up 10 or 20 or 30X." "Good traders know when to get off the ride and not overstay their welcome, which I recommend after a 10x, 20x, 30x. You don't need the last 2x, you got most of it." "You're not paid to calculate, analyzing, channel checks, modeling, research. You're paid to make this line of PnL go up. That's the only part of the job that matters. It doesn't matter if you were right in the long run. All that matters is this line going up."

For the first time ever, Aerodrome generated more than half of all FX spot volume onchain in Q2. That's more than every other DEX combined. For an entire quarter. Just getting started 🛫

The correlation between @Morpho's growth and onchain asset management is striking! Looking at @DefiLlama's Risk Curator sector, you can see that it tracks right alongside Morpho's TVL (both are $7B+) Within the past 2 years, Risk Curation has gone from being non-existent to a DeFi sector with ~$10.5M in annual net income The 3 largest Risk Curators also manage the top 8 vaults by deposits on Morpho v2: @SentoraHQ - 3 vaults, $623M in deposits @SteakhouseFi - 3 vaults, $425M in deposits @gauntlet_xyz - 2 vaults, $170M in deposits While Morpho was the first to scale vault-based professional onchain asset management, other platforms like @kamino, @eulerfinance, and @aave v4 have found success as well As DeFi continues to mature, this will be one of the most important sectors to watch!