Gold2024
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gold2024
I had to take profit on my first ever 7 fig single trade PnL - $ETH.
This started off as a 500k position, but I grew this into a $3m+ position that I made 40%+ on
I came to realise, I don't think I can mentally handle another 10% drop. I wanted that 7 fig PnL. Besides, you never go broke taking profits.
$1.04m on a single trade. Huge for me and a major milestone.
Maybe I mark the bottom, but at this point I don't really care. I nailed this trade and I am happy with every aspect of how I played this.
Onto the next.
And of course, there will be a big bank withdrawal tomorrow.
This started off as a 500k position, but I grew this into a $3m+ position that I made 40%+ on
I came to realise, I don't think I can mentally handle another 10% drop. I wanted that 7 fig PnL. Besides, you never go broke taking profits.
$1.04m on a single trade. Huge for me and a major milestone.
Maybe I mark the bottom, but at this point I don't really care. I nailed this trade and I am happy with every aspect of how I played this.
Onto the next.
And of course, there will be a big bank withdrawal tomorrow.
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GateUser-8753a992:
Why not take profit at 4700?:- Reward
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We are on the precipice of absolutely diabolical insanity among alts.
We are approaching the apex.
We are approaching the apex.
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As much as people say ‘this cycle is different’…
So far it hasn’t been different at all to last cycles. The only difference is this time we haven’t had any violent cascading liqs compared to last cycle (yet)
Even capital rotation is turning out to be the exact same as last cycles with money going from BTC > ETH > ALTS
We are in the ETH phase of the capital rotation cycle and ALTs come next.
Be forward looking, buy when people aren’t interested. Certain alts will do multiples in the near future
So far it hasn’t been different at all to last cycles. The only difference is this time we haven’t had any violent cascading liqs compared to last cycle (yet)
Even capital rotation is turning out to be the exact same as last cycles with money going from BTC > ETH > ALTS
We are in the ETH phase of the capital rotation cycle and ALTs come next.
Be forward looking, buy when people aren’t interested. Certain alts will do multiples in the near future
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Ybaser
:
Just go for it💪:As much as people say ‘this cycle is different’…
So far it hasn’t been different at all to last cycles. The only difference is this time we haven’t had any violent cascading liqs compared to last cycle (yet)
Even capital rotation is turning out to be the exact same as last cycles either money going from BTC > ETH > ALTS
We are in the ETH phase of the capital rotation cycle and ALTs come next.
Be forward looking, buy when people aren’t interested. Certain alts will do multiples in the near future
So far it hasn’t been different at all to last cycles. The only difference is this time we haven’t had any violent cascading liqs compared to last cycle (yet)
Even capital rotation is turning out to be the exact same as last cycles either money going from BTC > ETH > ALTS
We are in the ETH phase of the capital rotation cycle and ALTs come next.
Be forward looking, buy when people aren’t interested. Certain alts will do multiples in the near future
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There’s already people flip short and bearish in this tiny BTC pullback
Forget about trying to time these daily or intraweek moves. Focus on trying to add to your positions instead and offloading into euphoric conditions, this is where the real money is made
You’ll just end up getting frozen out of the market and forced to buy back higher.
I’ve been there before last cycle. Fearful of the dip that never came, until I kept buying higher and higher until the real nuke actually came and wiped many of the profits I made scalping on the way up
Forget about trying to time these daily or intraweek moves. Focus on trying to add to your positions instead and offloading into euphoric conditions, this is where the real money is made
You’ll just end up getting frozen out of the market and forced to buy back higher.
I’ve been there before last cycle. Fearful of the dip that never came, until I kept buying higher and higher until the real nuke actually came and wiped many of the profits I made scalping on the way up
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Took a few additional plays outside of my core positions today on this downturn.
Here are some of my thoughts regarding each:
$BIO - silent pumper. Really strong post CB launch. DeSci project, listed alongside Brian’s RSC token
$TA + $EPT - very low mcap token that was listed fairly recently. Perhaps it moves with the other new, low mcap tokens? I think TA may be the lowest mcap token on right now
$DOLO - CTO of WLFI is also the founder of DOLO. Already done quite a lot however news just dropped today of a $1.5b WLFI treasury vehicle. This is the only token you can bet on for upside since
Here are some of my thoughts regarding each:
$BIO - silent pumper. Really strong post CB launch. DeSci project, listed alongside Brian’s RSC token
$TA + $EPT - very low mcap token that was listed fairly recently. Perhaps it moves with the other new, low mcap tokens? I think TA may be the lowest mcap token on right now
$DOLO - CTO of WLFI is also the founder of DOLO. Already done quite a lot however news just dropped today of a $1.5b WLFI treasury vehicle. This is the only token you can bet on for upside since
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There’s no need to guess tops or try to time intraday move. This will only result in scamming yourself out of potential life changing wealth as well as force you to buy back higher.
Another point is that the most successful traders on planet earth are not scalpers.
do less and enjoy the ride.
Another point is that the most successful traders on planet earth are not scalpers.
do less and enjoy the ride.
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There are three groups of people right now:
1. People who are exiting their positions at the very beginning of this multi year breakout
2. Sidelined, coping and looking at the market with fomo
3. Pure disbelief. Bearish and trying to short every single pump because ‘this 4k level will never break and it is destined for zero’
You’ve all done this before and you’ve all seen this before. Yet you’re repeating the exact same mistakes you said you’d never repeat.
- Harvard just bought $120m worth of Blackrock Bitcoin ETF
- Ethereum treasury stocks are going vertical. Allowing them to continue buyin
1. People who are exiting their positions at the very beginning of this multi year breakout
2. Sidelined, coping and looking at the market with fomo
3. Pure disbelief. Bearish and trying to short every single pump because ‘this 4k level will never break and it is destined for zero’
You’ve all done this before and you’ve all seen this before. Yet you’re repeating the exact same mistakes you said you’d never repeat.
- Harvard just bought $120m worth of Blackrock Bitcoin ETF
- Ethereum treasury stocks are going vertical. Allowing them to continue buyin
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Portfolio:
$BTC - obvious reasons
$ETH - MASSIVELY underpriced. Could hit $4k today, a multi year resistance.. Once this breaks I think we slingshot much higher.
$PENGU - Eth beta play, fresh and new global brand backed by the biggest ETH treasuries on the planet. Has potential to flip memes like PEPE.
$SBET + $BMNR - Equivalent of last cycles btc mining stocks. I don't think the real move has even happened yet. Heavily positioned in both for coming months.
ALL attention on ETH and closely related stocks + tokens into final leg of the cycle.
$BTC - obvious reasons
$ETH - MASSIVELY underpriced. Could hit $4k today, a multi year resistance.. Once this breaks I think we slingshot much higher.
$PENGU - Eth beta play, fresh and new global brand backed by the biggest ETH treasuries on the planet. Has potential to flip memes like PEPE.
$SBET + $BMNR - Equivalent of last cycles btc mining stocks. I don't think the real move has even happened yet. Heavily positioned in both for coming months.
ALL attention on ETH and closely related stocks + tokens into final leg of the cycle.
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The market had every chance to nuke below 111k.
Yet here we are back at 115k, $ETH is above $3700 and ETH treasury stocks ripping hard premarket. ( $BMNR, $SBET).
The market is shrugging off any tariff hike news from trump, there was no retaliation from Russia regarding nuclear submarine (that I’ve seen on X), today is ‘tariff day’ and we are very green premarket, and next month we will be having our first rate cut…
Additionally to note: various alt coins ripping 20%-1000% which signals to me the market is definitely leaning towards risk on mode.
The time for bears to drive us down is start
Yet here we are back at 115k, $ETH is above $3700 and ETH treasury stocks ripping hard premarket. ( $BMNR, $SBET).
The market is shrugging off any tariff hike news from trump, there was no retaliation from Russia regarding nuclear submarine (that I’ve seen on X), today is ‘tariff day’ and we are very green premarket, and next month we will be having our first rate cut…
Additionally to note: various alt coins ripping 20%-1000% which signals to me the market is definitely leaning towards risk on mode.
The time for bears to drive us down is start
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Traders are thinking way too deeply about these ETH treasury vehicles. They think about them like the NAV actually matters, like the numbers and charts actually matter…
I see them the exact same as bitcoin mining companies of last cycles that did 20-50x during mania phase
I actually think the price action we’ve seen so far won’t even be visible on the chart in the next few months from how violent things will get
And my bias is that these ETH treasury vehicles in particular will outperform many alts
A side note: best beta to these treasury vehicles will be a particular meme coin I mentioned e
I see them the exact same as bitcoin mining companies of last cycles that did 20-50x during mania phase
I actually think the price action we’ve seen so far won’t even be visible on the chart in the next few months from how violent things will get
And my bias is that these ETH treasury vehicles in particular will outperform many alts
A side note: best beta to these treasury vehicles will be a particular meme coin I mentioned e
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Traders are thinking way too deeply about these ETH treasury vehicles. They think about them like the NAV actually matters, like the numbers and charts actually matter…
I see them the exact same as bitcoin mining companies of last cycles that did 20-50x during mania phase
I actually think the price action we’ve seen so far won’t even be visible on the chart in the next few months from how violent things will get
And my bias is that these ETH treasury vehicles in particular will outperform a many alts
A side note: best beta to these treasury vehicles will be a particular meme coin I mentioned
I see them the exact same as bitcoin mining companies of last cycles that did 20-50x during mania phase
I actually think the price action we’ve seen so far won’t even be visible on the chart in the next few months from how violent things will get
And my bias is that these ETH treasury vehicles in particular will outperform a many alts
A side note: best beta to these treasury vehicles will be a particular meme coin I mentioned
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GateUser-db8bacda:
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