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shah

@rektshah

85 Following
44 Followers
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shah
@rektshah
soft payrolls data but no major weakness + powell’s dovish commentary weds + conservative positioning = we do a little risk on
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@rektshah
core pce 3.7% vs 3.4% consensus gdp 1.6% vs 2.5% consensus rates stay higher for longer absent a recession
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@rektshah
structural differences between this cycle and last: + institutional / etf flows - no lockdowns so less people with nothing to do but gamble - weaker low end consumer due to inflation impact - scar tissue: crypto became mainstream and many were burned
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@rektshah
went to bed fully stabled
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@rektshah
the only buying rn should be short covering
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@rektshah
derisked a bit. still have more long exposure than i did a week ago, just freeing up some dry powder to trade around we’re programmed higher but i was playing for a quick rebound as middle east tensions de-escalated, and this week’s inflation data threw a wrench in that thesis
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@rektshah
the equity / crypto market disconnect is still a layup
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@rektshah
futures green while crypto down materially over the weekend. one of these two isn’t right
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@rektshah
iran used their 2020 playbook: targeted attack with minimal casualties up to bibi to make the next move. if he’s smart, he’ll walk away and we should see risk assets rally once we lap this (inflation permitting) if he escalates, we’re going much lower
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@rektshah
bought sol / eth today. currently 50% allocated in crypto with limit buys down to $1,250 eth / $40 sol.
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@rektshah
i’m smart enough to know i’m not smart enough to trade geopolitics
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@rektshah
buying sol here (more lower), but this isn’t as simple as buy the dip when russia invaded ukraine, crypto / equities melted. if you’re buying here, you’re underwriting serious geopolitical risk that likely gets worse before it gets better
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@rektshah
can devs turn sol on?
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@rektshah
ton of limit orders hit over the weekend. bought eth, sold eth, bought sol, none of which sold. honestly not sure why the eth / btc move relative to sol, but setting some long sol v short btc at a ratio. playing for a reversion
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@rektshah
gm bored
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@rektshah
closed this out at sol $176.50 (+1.8%), btc $67,800 (-0.6%); net profit 1.2% also sold sol i bought today at $168.50 on the initial jobs move for $175.90 (+4.4%) and sol i bought for $175.40 for flat. hoping to avoid screens this weekend
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@rektshah
Added SOL $168
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@rektshah
longed sol ($173.40) vs short btc ($67,300) at a ratio yesterday’s price action in btc vs eth / sol suggests less risk appetite in crypto playing for a near term reversion
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@rektshah
tried to pull this off b2b but i was a little too greedy with the limits last night and nothing filled
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@rektshah
looks like i was the top signal
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