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IcoBeast.ethšŸ¦‡šŸ”Š
@icobeast
Merchant of Narratives | Building @Kalshi Crypto | Views are my own | Moon that
Joined March 2022
3.4K Following    68.1K Followers
If you’re new here… Resist the urge to key your emotions off of a scoreboard of others. Given how popular this cycle’s consumer apps are getting and the very ā€œin your faceā€ leaderboards showing everyone’s uPnL it will be very easy to get sucked into comparing your performance to others. This will lead many of you to losing it all. I know people did it when I went on the Virtuals run in 2024, and I’m finding myself getting sucked into comparing myself to peers that are crushing meme trades the last month. Remember why you’re here. Your job is to change magic internet coins into something that can change your life. Nobody else’s scorecard matters. Focus on yourself kings - execute your mission. Any gain is a win. Respect the flows and stay in your own lane.
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If you're new here... You don't have to trade every day. You don't have to trade every coin. You don't have to trade every news event. Overtrading has destroyed many bankrolls...particularly when you're trading no-edge or low-edge spots just because you think you're invincible. I implemented a new rule a couple years ago that I won't touch the buttons for at least 24 hours after a big trade win. I did this after giving back wayyyyy too much of my profits the day after hitting a lick for years. Realized I wasn't trading my edge anymore, but letting recency bias drive the train. Probably worth thinking about with Jackson Hole tomorrow and many people's recent success onchain (and in an easy to trade bull trend) - unless you have some sort of quantifiable edge about the Warsh speech, you probably aren't doing anything other than flipping a coin trying to trade majors around it.
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