Exit Pump
265 posts
Exit Pump
@Exit_Pumping
We track exits, not entries. Who’s dumping, where smart money leaves, and what’s next.
A 4-Sharpe crypto fund. 27 of 28 months positive. Leigh Drogen (@LDrogen) is CIO of Starkiller Capital, a crypto quant fund running momentum and market-neutral crypto strategies. His edge is diligence — and a "never lose more than 1%" position rule. We cover: - Why block space is worthless — and the fiber-optics-in-1999 analogy that explains every L1 collapse since blobs launched on Ethereum - Starkiller's "never lose more than 1%" position sizing rule (how it compounds into 27 of 28 positive months) - The Ripple / RLUSD / USCC trade — borrowing at 2.5% against a 5-8% yielding tokenized basis fund, hidden in plain sight on Aave Horizon - How Starkiller dodged the Kelp DAO hack, lending USDC at 17-18% APR while the rest of DeFi was on fire - Why momentum is the only actual persistent alpha (it's the only persistent behavioral characteristic of humans) - "F*ckery risk" on the short book — why Drogen runs a more diversified short book than long book, even when his thesis screams short - Why "sales is way overcompensated" relative to the difficulty of the job — and what that means for ambitious young quants - The 2019 DM from a 21-year-old that became Drogen's biggest career miss — and how Polymarket's Shane Coplin (@shayne_coplan) actually solved the SEC problem ("USDC and VPNs") Highlights: 00:00 Intro 01:09 Mechanics of a 4 Sharpe market neutral DeFi strategy 03:24 Quantifying protocol risk and code provenance 06:40 Case study: Exploiting incentivized spreads in carry trades 10:53 Three primary sources of alpha in liquid crypto markets 14:28 Capacity constraints and institutional yield compression 18:54 Position sizing via the 1% max loss rule 21:38 Pro-cyclical returns and the risk modulation framework 26:44 Compounding capital through trend following and cross-sectional momentum 33:35 Why momentum is the only persistent behavioral alpha 48:39 Extracting alpha from token unlock schedules and market structure 51:20 Lessons from building Estimize and the SEC/ForceRank fight 55:00 The Polymarket origin story: Arbitraging regulatory hurdles 01:01:45 Career risk premia and the value of "eating sh*t" 01:05:34 Table selection: Positioning your career on the right macro curve
JUST IN: 🇺🇸 President Trump says "new stock market record!"
Here goes all the progress made in May down the drain. No one to blame but myself. Accounts are still alive but at their last leg due to trailing drawdown. I need to lower my risk by half and try to claim back small bits of the trailing little by little. Because risk is halved, I'm thinking it might take me 2 months of decent/good trading to get back to where I was literally just yesterday. It's gonna feel like 2 months of time just wasted, but I'm trying to convince myself that at least, I won't have to spend a dime on accounts. Lastly, similar to what I did the last time when I blew all the accounts in April, I'm going to take a break from social media so that I can just focus on regaining consistency. I've never claimed to be a good trader. I've never felt I was good enough either to start a paid service. This type of day is exactly why. Anyways, I will update when either all the accounts are blown, or if there's good news, or there's solid progress made. Updates will probably be weekly or biweekly, and not daily till then. I let down myself, my family, God, and you all.
I told you guys last week I would prove to you how easy it is to get a payout if you just lock in. Most of you are not locked in and can't even get a payout. Focus up, SIZE DOWN, you do not need to go after home runs every day. 💪
🚨 THE GLOBAL DUMPING OF US TREASURIES HAS STARTED. Turkey just dumped almost all of its US Treasury holdings, selling $13.98 billion in a single month. In March 2026, Turkey recorded its largest single-month US Treasury selloff ever, cutting its holdings from $16.9 billion to just $1.78 billion. That is an 89% liquidation in 30 days. To put this in context, Turkey was steadily building its US Treasury position from $3.44 billion in March 2024 all the way to a peak of $20.47 billion. That two year accumulation was gradually sold down over several months before the final $13.98 billion dump wiped out nearly everything in March alone. Turkey is not alone. China has cut its holdings to an 18 year low, Japan is also selling. Foreign demand for US government debt is collapsing from every direction simultaneously.
This is INSANE! 🇺🇸 ELON MUSK IS ABOUT TO BECOME THE FIRST TRILLIONAIRE IN HUMAN HISTORY. SpaceX pre-IPO is closing in on $900 a share. Elon owns roughly 42% of the equity. 79–85% voting control depending on share class. At this price, he doesn't just cross a trillion. He blows past it. The world's first trillionaire is about to be minted in real time.
Iranian media sources reporting an agreement between US & Iran. . . Announcement potentially within hours. .
200 of you are getting 50K No Activation Fee Combines. For free. Every. Single. Day. Until May 29th, we're dropping 100 combines during Fast Markets and 100 combines during one other segment DAILY. Which other segment? We can't tell you, so tune into TopstepTV all day to catch your chance 😏