TheModestThief🎩 pfp

TheModestThief🎩

@thief

1966 Following
10767 Followers
TheModestThief🎩 pfp
TheModestThief🎩
@thief
I shitpost at /confluence and sometimes write reflections of my own trades and the market. Would love to meet the curious minds who are curious re: trading. Happy to answer questions re: trading but not entertaining “what should I buy”, “is the market going up or down” etc. I’m a discretionary trader btw.
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TheModestThief🎩 pfp
TheModestThief🎩
@thief
christmas holidays? yea nah, brian armstrong is gonna execute that twap himself. that's dedication my friends.
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TheModestThief🎩 pfp
TheModestThief🎩
@thief
why do the french people say oh la la
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@thief
don't make me tap the sign
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@thief
it's been 1 whole hour and my withdrawal is still pending the worst thing a CEX can do is withholding user funds (with or without a good reason) without explicitly providing the reason
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@thief
trying to withdraw USDC to base from *Coinbase* and it's already taking >30 mins you are not serious people
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@thief
I swear this Dan Da Dan anime is hentai.
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@thief
https://x.com/salsatekila/status/1870461778725113876?s=46
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TheModestThief🎩
@thief
Cannot tell if this is sarcasm. Imagine going on an off-piste ski trip and breaking a leg right as the sun is about to set. You’re like miles away from civilisation. After an agonising 20 mins you finally see someone approaching, what do you hope his occupation/career is?
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@thief
my final post in the series of rants re: trading over at /confluence was deemed too spicy, even for me, and will be sitting in Drafts till the sooner of the following: - next drunk AMA - dwr reads it
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TheModestThief🎩
@thief
Just wanna give the other half of the pic. There are unique challenges and snakes in crypto. - smart contract exploits - losing private keys - stablecoin depeg - exchange blowup - fundamental analysis traps - ease of access to leverage These are nothingburgers with the right framework. But can see why the average joe stays away. And please for the love of god stay the fuck away.
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TheModestThief🎩
@thief
https://x.com/reetikatrades/status/1870357399086747885?s=46
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TheModestThief🎩
@thief
After speaking to “normies”, I realised one of the biggest misconceptions is that there is no edge in trading (especially crypto) if you don’t have a $500k system coded in C or something. Trading is at least 50%, imo a lot >50%, psychological. Some people have traits that predisposes as better (or worse) traders. Knowing how to take a loss is imo the *number one* success trade. With a bit of experience, these people can know when not cut losses too quickly. But you can almost never teach people in the inverse sense.
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@thief
If you have a little (but non-zero) experience of trading, The Big Short is probably the most costly (to PnL) movie ever made. Will not elaborate.
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TheModestThief🎩 pfp
TheModestThief🎩
@thief
The *only* thing I did correctly was sawing off my leg so I could crawl out of the dungeon. But I think it would have been hell of an easier time if I had just sawn off my toe at the very beginning.
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@thief
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@thief
another mistake was not sticking to my playbook: which was to close my books after 100k. held on for far, far, far too long thinking since it’s a bull I should push it with a bigger size. nothing wrong inherently with this but psychologically I was not prepared to trade with that size. lastly, I was too drawn to an arbitrary round number, thinking I’ll TP at X. ah, that fur coat killed me like the bucket shop traders from the last century.
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@thief
well took a beating lmeow and if I didn’t have a good entry price I would *certainly* have been destroyed with the leverage I was using Do I regret using the leverage? No. The mistake was blinding buying the dip (on the same leverage).
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@thief
Lmfao at the S&P pre market
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@thief
what is this @horsefacts.eth sandwich??????
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