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inner light

@psykio

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Katılım Ağustos 2024
1.9K Takip Edilen104 Takipçiler
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inner light
inner light@psykio·
Will you be a spectator or an active participant of the arena? The choice is yours. Pay attention
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inner light
inner light@psykio·
Imagine in 5 years you’re rich af with a family. Your wife asks you, “do you miss it?” Your mind flashes back to the telegram groupchats, 7 fig pnls, and the twitter brawls. Arnold image: “No,” you reply, “not at all.” but she can tell you’re lying.
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Monad
Monad@monad·
airdrop claim loading ▓▓▓▓▓▓▓▓▓▓░░░ 80%
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Mercury
Mercury@TraderMercury·
my advice for anyone having a tough time in the market right now: > cure causes, don't treat symptoms. often times it's not our most recent action that ruins us, it's the inability to have accepted the action (or inaction) prior to that. example: > "I will buy when this range breaks out" *days later, the range breaks out* > "ehh, but it kinda looks like a sweep of the high / this news event is a good reason not to buy / funding is too high / etc." you don't realize you just made one of the greatest sins imaginable in trading, you LIED to YOURSELF. an easy way to knock over the initial domino in a poor string of decisions that will soon follow Here's why: A) if the market rallies higher from that point, it sparks some strong emotions - suddenly you find yourself distraught because you didn't listen to your initial plan emotions in trading are like a dam with a crack—once you let a little seep through, the flood soon follows. then somehow, maybe only hours later, with price x% higher, we might find ourselves willing and able to play into our initial thesis - just with a substantially worse entry nothing good follows from here. A.2) if the market decides to continue rallying higher, you've now been rewarded for FOMO-buying when the market rewards your behavior, it's easy to want to repeat that behavior in the future. it's not difficult to see how that'll eventually play out... A.3) if the market decides to stall, or perhaps even fall back inside the range entirely after you finally find the courage to enter, any shred of confidence you have will be utterly destroyed, and it's now on you (the person that lies to themselves) to get yourself out of that poor position, whilst in a deteriorated state of mind; goodluck. B) On the other hand: if the market decides to reward your hesitation, and trades lower after breaking out of the range... you have now been rewarded for lying to yourself. the counterargument here is: you were able to acknowledge new information and make a crucial decision on a whim. in which case, maybe you are alpha - fair play. only you know whether that is the truth, or not. (check your long-term results for verification) or maybe it's just variance, and the outcome itself has allowed us to justify one of the greatest sins in trading in which case, we will do it the next time too because if I'm willing to not buy a breakout when I told myself I would, what's stopping me from not cutting a position, when I told myself I would? or FOMO-buying a rally when I told myself I wouldn't? it's all the same. often times our poor performance in the present can be traced back to a singular moment in recent history which led to a string of poor decisions a singular moment which we've constantly attempted to compensate for a single action, or inaction, which we've been unwilling to accept because when it was time to make that decision, we allowed emotion, specifically fear, to sway us we so desperately wanted to avoid one fear, and as a result, we allowed a whole new wave of emotions to creep in - many of which we never accounted for eventually you realize, you could've avoided all this by simply accepting the one fear that inherently comes attached with the initial decision you were going to make. reverse-engineering this process is an effective way to uncover, and address, the root cause of our poor performance. lots of self-awareness is required in order to even want to begin recollecting those decisions it's common for our brains to subconsciously trauma-block our poor performance, which enables us to continue on the downward spiral forcing yourself to go on this journey is incredibly difficult but in my 26 years, I've found that in markets and in life: the most difficult things are often the most rewarding. thanks for reading. much love and goodluck🖤
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inner light
inner light@psykio·
some thoughts: the only size cooks in the market seem to be consensus driven. i.e if the whole tl is talking about it and kols are shilling. in these markets i often have to remind and think to myself "am i actually late?" this can end up being dangerous and cause top blasts into something did not deserve it, but sometimes its worth it. pump was abundantly clear to me a shift in consensus took place, for a while alon was hated and then as soon as battlerhino called it and then it gained momentum everyone began making hyperliquid comparisons and the rest was history. it is important to watch when the consensus shifts, trenches are dead no one cares about the pump trade because we have aster and xpl. liquidity still ends up being fragmented. am i late? you have to ask yourself a few questions to determine this, but a better question is if people who were afk before see what you are looking at right now, would they blast? we saw this most recently on aster when price was $0.6, everyone saw the most vocal people being up almost 10x with $0.07 entry on size, but they failed to consider what was at stake for cz. he seemed personally invested in it and that it what led to it going so much further than the prices people thought were "late" we look at the next consensus play and that was xpl, the whole tl was talking about it, back to back bullish announcements and everyone had the same entry in mind. even if everyone is anticipating sell pressure, if everyone wants to buy at the same price it does not work. you can have similar targets, but be prepared to buy higher if the buy pressure is more than expected and where most people will be too hesitant to blast. there will be a next, there always is. i cant guarantee it will have the same multiples, but it will come. things like aster do not happen often in cycles, but there will be something else. just be prepared for something else and hope you gain the momentum to jump between these kingmakers and compound your profits. sizing. your size on any given play should be dynamic. depending on what kind of coin it is, how high it is, your conviction in it. the conviction and sizing go hand in hand. if you have low conviction and high size, you are more likely to capitulate if things are not up only. some final thoughts is that we do seem to be in a blast size meta, just be careful and good luck. if you truly believe we still are in a bull after this retrace, then prepare yourself and be ready to make the most of every opportunity presented. even though these things are probably obvious i hope it helps.
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Cobie
Cobie@cobie·
@cryptoklotz reasons why i don't think we've topped: - i didnt make enough money yet
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inner light
inner light@psykio·
After that tweet, $STBL was an easy size play off the old Tether founder larp a perfect warmup to port into $ASTER. if you were paying attention, u would remember the jelly-jelly incident on hyperliquid (most likely done by a large CEX). It became obvious that CZ saw HL as a threat. he even spoke about wanting dark pools. And now he is pushing aster hard. just pay attention.
inner light@psykio

Market thoughts rn: PPI came in good, CPI up next, hopefully keeps the bullish run going. Once BTC finally breaks this range I think onchain heats up hard. so many plays now. $cards was an easy cook and $polyfactual 2m to 20m in minutes off the polymarket affiliate badge LMAO

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inner light@psykio·
What was the common theme between Aster and stbl? It was the figures backing/behind the projects, it did not really matter if it their functionality was good or not. This will likely be a repeating theme in the coming months. Pay attention
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