okay actually nothing else to do so going live on spaces again
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Rowdy's Renaissance (Crypto Updates)
August 26th, 2024 Wins: $TBULL (TRX): +$10,000 $VIBES (SOL): +$10,000 Losses: YUE (SOL): -$2,000 Random Sol Token: -$2,000 $PUCCA: -$14,000 $GEM: -$2,300 3 Random Sol Tokens: -$4,700 Total Daily PnL: -$5,000 thoughts: honestly kinda mid day. i was…
August 28th, 2024
Wins:
N/A
Loses:
Various SOL Tokens (SOL): -$15,000
Total Daily PnL:
-$16,000
thoughts:
first off im using AI now to do this for me to calculate my daily PnL much easier than manually, which is cool. honestly my biggest losses today where off tokens from yesterday or the day before that i finally cut losses. i didnt trade much today because of the market conditions, and really just shaking off 1 bad trade thats making up for the majority of this loss. The trade was $GEM, and i saw it at such a high marketcap and didnt believe its "deflationary" was actually deflationary. all it was is slowing burning 90% of supply over like hella time. the thesis made zero sense, but i borrowed conviction from a friend and learnt the lesson. Just to be totally clear here, this is 100% my fault, not anyone elses. Borrowed conviction in this space is -EV. the reasoning is if your friend shares a play and you ape, even if it goes up your going to jeet early because you have no conviction. if it goes down, you have zero idea how to migate the loss or when to cut it because its not even your conviction. However, if you find a play from a frens share and build your OWN CONVICTION, then this is extremely +EV and the reason you surround yourself with likeminded traders. however if you dont have your own conviction, you shouldnt play, even if someone else conviction is strong. I surround myself with the best of the best on chain, people who work as hard if not harder than me, but that doesnt mean they are right 100% of the time, and nor am i. You (and me) need to understand the risk you are taking when you enter a trade off borrowed conviction. collect information from the web and use your own creative intuition to create the narrative. sorry for the rant but just market thoughts
overall market is shit tbh, still will be hella opportunities and i will show up every day. being hesitant on shooting bullets till i see green.
Wins:
N/A
Loses:
Various SOL Tokens (SOL): -$15,000
Total Daily PnL:
-$16,000
thoughts:
first off im using AI now to do this for me to calculate my daily PnL much easier than manually, which is cool. honestly my biggest losses today where off tokens from yesterday or the day before that i finally cut losses. i didnt trade much today because of the market conditions, and really just shaking off 1 bad trade thats making up for the majority of this loss. The trade was $GEM, and i saw it at such a high marketcap and didnt believe its "deflationary" was actually deflationary. all it was is slowing burning 90% of supply over like hella time. the thesis made zero sense, but i borrowed conviction from a friend and learnt the lesson. Just to be totally clear here, this is 100% my fault, not anyone elses. Borrowed conviction in this space is -EV. the reasoning is if your friend shares a play and you ape, even if it goes up your going to jeet early because you have no conviction. if it goes down, you have zero idea how to migate the loss or when to cut it because its not even your conviction. However, if you find a play from a frens share and build your OWN CONVICTION, then this is extremely +EV and the reason you surround yourself with likeminded traders. however if you dont have your own conviction, you shouldnt play, even if someone else conviction is strong. I surround myself with the best of the best on chain, people who work as hard if not harder than me, but that doesnt mean they are right 100% of the time, and nor am i. You (and me) need to understand the risk you are taking when you enter a trade off borrowed conviction. collect information from the web and use your own creative intuition to create the narrative. sorry for the rant but just market thoughts
overall market is shit tbh, still will be hella opportunities and i will show up every day. being hesitant on shooting bullets till i see green.
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this is a classic pimp, whore, and simp story
there is the pimps, like Solstice, who accumulate large % of supply of the token to profit off the whore. You have the whore facist, who forgets morals for the sake of profit, exposing her body and reputation. finally, you have the simps, who are the ones who are the cult followers, blinding listening, and are exit liquidity
the pimps will leave rich, the whore will leave with pennies of profit and her life is ruined reputation wise. the simps will leave without there money or even fucking this whore they praise online
i have nothing but respect for the pimps, but this is an age old story
never check the pimp, check the hoe
that is some game
there is the pimps, like Solstice, who accumulate large % of supply of the token to profit off the whore. You have the whore facist, who forgets morals for the sake of profit, exposing her body and reputation. finally, you have the simps, who are the ones who are the cult followers, blinding listening, and are exit liquidity
the pimps will leave rich, the whore will leave with pennies of profit and her life is ruined reputation wise. the simps will leave without there money or even fucking this whore they praise online
i have nothing but respect for the pimps, but this is an age old story
never check the pimp, check the hoe
that is some game
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two sessions at 48 degree cold plunge, two mins each
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just started cold plunge like last week so working my body in