I'm still making so much fucking money and it's getting more and more disgusting (update)

by now i have 30% of my stack on this exchange (withdrew some today). it's a bit too much to keep on exchanges imo, but ftx is a registered exchange with a legit company behind it and i believ that they couldn't exit scam without legal repercussions

i know that ampl has been a gold mine, good job for getting in early. if you understand the market mechanics there's still tons of money to be made with this in the future. i'm definitely buying into ampl at some point when it's bottomed out in a couple months.
>gambler
i'm 100% hedged in all my positions except ampl but that one was a safe bet as soon as the ponzi started collapsing a couple days ago

What else can we short, user?

you can short the whole market on ftx, anything you want, you can even short btc hashrate, gold or oil. currently i'm only shorting shitcoins though

I'm a newfag, where can Iearn about this? Investopedia?

yeah investopedia is good, and every exchange has a knowledge base where you can elarn about their trade instruments which helped me a lot when i started. trading books are a meme afaik. i read one with 300 pages and like 5 of them had valuable information

how does this work user? do you set a date, or are you just betting on "line go down"?

i want to prepare for the next ampl cycle

based. which exchanges were used for the shorts?

Respect OP don't let the greed get you though even 200k is enough to live it up for the final few years before the AI rapes us

how does what work? trading? if you have no idea and want to try it out, don't use more than lunch money, you're gonna lose it anyways
ftx
thanks for the reminder, user. i've been very cautious with my sizing for the last year but the more money i make the more degenerate i become. gonna take a step back and go on vacation after i close the rest of my position

Is there anything you hodl OP or do you solely trade? What are your long-term picks? What do you think of RSR?

yes, i have 21 btc that i won't touch for another year or two. the rest and biggest part of my money is in stablecoins until we either crash violently or i'm convinced that the golden bullrun started.
>What do you think of RSR?
it's very sad, i actually held 40 million rsr in it's early days, got underwater for a bit and then sold it for like $30k profit. that was when it was at $0.0025 meaning i missed the ship on this one.
i'm not too convinced in projects with huge ambitions though, if rsr succeeded it would be huge no doubt, but the odds for it happening are relatively low imo. same goes for many other coins out there, remember holochain? it's the same thing, would be huge, but probably won't

becareful user, btc looks like its gonna break down 9.9/9.7k. ethbtc still looks good and if eth starts to outperform btc u might get raped user

user what do you think of DMG?
Also what will convince you that the Golden Bullrun started? I cashed out all my money at a big profit and now I am waiting to get back in again after a big crash but I don't want to miss out on the golden run...

no i'm actually hoping it crashes, i'm shorting more than $700k worth of shitcoins as hedge for my btc long. surely shitcoins will dump atleast as much as btc
don't know much about dmg. yeah same, a big crash would be juicy to get back into btc but i would never cash out fully cause btc has done crazy things in the past. i would be convinced after btc crossed previous all time high, dumps, and continues the uptrend

Thank you. How do you manage your PnL? Excel is too tiring.

user what would be a big crash you think? I bought ETH at 200$ and cashed out at 240$. 20% profit more than I would ever have made in a bank. Can't believe it went upto 320 after. Shit's crazy. I thought it would break down once it came out that ETH 2.0 wasn't gonna happen this year. Not gonna lie, feeling massive FOMO right now.

Buddy if you don’t have the patience for excel just quit.

Is there not an app that we can use other than Excel? All my excitement goes down the drain whenever I journal my trades in Excel. I'm looking for better alternatives as an oldfag.

what do you mean by managing pnl? for taxes? i use excel for that
i got some good advice for that, never buy or sell fully. don't go all in or all out in these situations, what if eth goes to 10k now? atleast keep 10% of your stack in there when you're selling.
i'm expecting btc to crash to atleast 9k at some point, wouldn*'t be the big one i'm hoping for but yeah, anywhere between 9k and 5k is where i'm placing my spot buy orders

No, I meant for journalling trades, profits, losses. But yeah, well, seems like I'm stuck with Excel.

edgewonk

Thank you, hope this makes things more efficient for me.

>i got some good advice for that, never buy or sell fully. don't go all in or all out in these situations, what if eth goes to 10k now? atleast keep 10% of your stack in there when you're selling
Thanks user. I will keep that in mind from now on.

>i'm expecting btc to crash to atleast 9k at some point, wouldn*'t be the big one i'm hoping for but yeah, anywhere between 9k and 5k is where i'm placing my spot buy orders
I am on the lookout for that too. Currently I am planning on investing 33% of my investing money into BTC, ETH and LINK respectively when they dump enough. Then I will hold until profit. I don't have enough market knowledge to do crazy longs and shorts like you do. I just can't tell where the market will go from here. I was expecting a huge dump because of 2nd wave Corona concerns, all the money printing, the BLM protests and rental home crisis in the US but it somehow pumped. Everything has become too unpredictable for me so I am just gonna sit on the sidelines for a while.

Thanks your your take user.

you can see your pnl for each trade, as well as trading fees you paid and overall pnl for each trade on the exchange so i don't feel like having to make any journal apart form that. i also know what i initially depositet to the exchange and have only been withdrawing since then. the exchange is basically your journal